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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 >>

iZettle launches contactless dongle

mPOS specialist iZettle has launched a new hardware dongle that includes both chip and PIN and contactless payment functionality, along with support for Apple Pay. The Card Reader Pro Contactless is initially being distributed to select partners across the UK and will retail for around £79. Small businesses will be able to use the kit to immediately accept payments using… Continue reading >>

What do millennials want from an ATM

Millennials are the biggest population group since the baby boomers and they couldn’t be more different from that post-war generation. Most obviously, because they’ve grown up behind a screen – computer, game console, smartphone, you get the picture. For the financial services industry, the Big Question is “What are they looking for when they’re face to face with an ATM screen?” In… Continue reading >>

Denmark proposes cashless country

The Danish government, as part of a pre-election package of economic measures put forward by the government, has proposed getting rid of the obligation for selected retailers to accept payment in cash, moving the country closer to a cashless economy. Nearly a third of the Danish population uses MobilePay, a smartphone application for transferring money to other phones and shops,… Continue reading >>

Consumer payments: behaviors & perceptions

In August 2014, approximately 1 out of every 5 banked consumers in the U.S. said they would be comfortable using their smartphone to initiate all of their payments transactions, according to a First Annapolis study of consumer payments usage. Almost 90% of banked U.S. consumers, however, indicated a preference for a traditional payment method— debit cards, cash, credit cards, or… Continue reading >>

US readiness for EMV at a low point

With a crucial deadline looming in 2015, the US payments industry will have only partially converted to the Europay-MasterCard-Visa (EMV) chip card standard by the end of that year. Indeed, it will likely take years to equip small merchants especially to accept EMV, according to a report released by Javelin Strategy & Research Card issuers will lag significantly as well…. Continue reading >>

New POS malware family named Punkey

In conjunction with a US Secret Service investigation, Trustwave SpiderLabs researchers have unearthed a new family of POS malware. POS malware is a sinister and often difficult-to-detect threat that preys on retailers running Windows-based payment terminals. This menace has been around for many years, but has now become the preferred fraud method by which cyber criminals fleece retailers of huge amounts of payment… Continue reading >>

NCR launch cloud-based ATM software platform

NCR says it has introduced the biggest change to the way an ATM operates since the self-service banking channel was invented nearly 50 years ago, launching Kalpana software, an enterprise software platform that moves ATM software and operations to the cloud. Kalpana software runs ATMs remotely, initially through a thin-client ATM including an Android operating system, and is designed to eliminate malware,… Continue reading >>

Card Fraud Report 2015 – now available

Card Fraud is the driver of major industry initiatives such as EMV implementation to combat the use of lost, stolen and counterfeit cards, while 3D-Secure authentication protects against the fraudulent use of stolen card details online. But what is the scale of card fraud losses in selected European countries, Canada and the USA and how does it vary between markets? In… Continue reading >>

The global mobile money landscape

The mobile money sector is one of the most fluid in the whole of the mobile ecosystem, with more players entering and exiting, new tech and services being launched or trialled. Here’s MEF’s quarterly update on the key players in the landscape. Defined by our Global Working Group it categories the ecosystem into in-store payments, online payments, P2P payments, direct… Continue reading >>