Second Menu

Facebook Messenger payments

The Facebook Messenger payments service has been tweaked to make it easier for friends to send money within conversations. Although launched in March, the P2P payments feature has so far only been available to Messenger app users in a few cities, including Seattle, Portland and Austin. New York City and the surrounding metro area has now been added to the… Continue reading >>

Google launch Android Pay

Google has unveiled its second crack at the payments market in the form of Android Pay, which will enable credit, debit, prepaid and small business cardholders to use their Android phones for everyday purchases in-store and within Android apps. The ubiquity of mobile phones is changing the way consumers pay. According to a recent Federal Reserve report1, 39% of all mobile payment… Continue reading >>

Remote Deposit Capture – Mobile the new scanner

As check usage declines, mobile Remote Deposit Capture is becoming the preferred deposit method for a growing number of bank customers, according to a new report titled State of Remote Deposit Capture 2015: Mobile Is the New Scanner. Mobile Remote Deposit Capture is where the action is according to the report. As Remote Deposit Capture becomes a mature market in the US,… Continue reading >>

MasterCard & Target data breach settlement disintegrates

The proposed $19 million settlement between MasterCard and Target over the retailer’s 2013 data breach has fallen through after not enough banks accepted the deal, according to MasterCard. The agreement, announced in April, would have provided up to $19 million to banks and credit unions that sued Target in federal court in Minnesota over the breach – reports Reuters. The lead… Continue reading >>

Payments Cards and Mobile – Buyers Guide 2015-2016

Reach your potential customers in Global Banking and Financial Institutions, Retailers and merchants, Telecommunications, Third Party Processors, Solution and Service Providers as well as senior executives in Transport, Health, Equipment and Software Suppliers – via the PCM Buyers Guide. Entries appear in the hard copy, digital version and on both of our websites for one year – all included in the… Continue reading >>

BNZ deploys PayClip mPOS in New Zealand

Mint Payments has announced that its partnership with Bank of New Zealand (BNZ) has resulted in the successful deployment and enhancement of BNZ’s PayClip mPOS payments product. PayClip enables business owners in New Zealand to accept the full spectrum of card payments, including Visa, MasterCard and EFTPOS through methods such as NFC contactless, chip and PIN and magnetic swipe. According… Continue reading >>

UK consumers ready to drop banks for mobile – Zapp

UK mobile payment provider Zapp has released research which shows that 21 million UK consumers are ready to switch banks to access mobile payments, 33% of these within a year. According to Zapp’s research, UK consumer usage of mobile payments has risen by 64% in 15 months, and the number planning to do so is set to increase by 48%…. Continue reading >>

Cash overtaken by ‘non-cash’ payments in 2014

Figures published today show that the total number of cash payments made by consumers, businesses and financial organisations in the UK fell to 48% last year (from 52% in 2013). This is the first time that ‘non-cash’ payments have exceeded those made with cash, reflecting the steady trend to use automated payment methods and debit cards rather than pay by… Continue reading >>

Payments bodies to standardise ISO 20022 real-time payments

Global interoperability of real-time payments systems will require harmonisation of market practices and standards. A group of international clearing houses, banks, vendors, payments associations and other parties have proposed setting up an activity to look at how to deliver this under the aegis of the International Standards Organisation – and set an ambitious target of collating an initial variant of… Continue reading >>

MasterCard launches personal payments service

MasterCard has launched MasterCard Send, a service designed to make it seamless for businesses, governments and others to send money to consumers around the world. Live in the US, MasterCard Send is being touted as a personal payments service that gives the likes of merchants and non-profits access to a platform from which they can send money to consumers whether… Continue reading >>