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Alibaba follows PayPal and looks to POS for Alipay growth

Chinese fans of fried chicken will soon have a new way to pay for their food fix after Alibaba’s payments unit Alipay hooked up with KFC, as the country’s ecommerce groups look to diversify through “online-to-offline” deals. Alipay’s agreement with KFC China, the country’s largest food delivery business with 5,000 restaurants across 900 cities, was followed by search engine Baidu… Continue reading >>

Banks adopting biometrics against fraud

A new impact report finds that the use of knowledge-based analytics are on a fast decline, while various forms of behavioural analytics continue to see strong growth. The report, “Digital Channel Fraud Mitigation: The Mobile Force Awakens,” details the latest threats to banks and their customers, and looks at the technologies being used by banks. The research, which is based on spring… Continue reading >>

Verifone signs major Payment as a Service deal

Verifone says that Westpac Banking Corporation will be the first bank in Asia Pacific to deploy its new handheld EMV and NFC-enabled terminal solution that is fully supported with payment as a service from Verifone. With more than 13 million customers, Westpac is one of the largest financial services institutions in Australia and New Zealand. The Group will provide the VX 690… Continue reading >>

Amex loses out at POS

After years of prohibiting merchants who accept its cards from steering customers to other brands, American Express is being forced to lift those restrictions. The change comes after a federal judge in February found that AmEx’s rules on the matter were anticompetitive; a separate court this week denied the company’s request to keep the rules in place pending its appeal. That… Continue reading >>

First Data launches Clover Mini POS

First Data has launched a tablet-based mini POS system dubbed Clover Mini. Aimed at small businesses, the Clover Mini is a small POS system that is aimed at competing with Poynt, former Google Wallet lead Osama Bedier’s recently launched point-of-sale. The Mini will accept NFC-based payments from mobile wallets like Apple Pay, Android Pay and even the soon-to-launch Samsung Pay. It… Continue reading >>

Verifone to offer mPOS with payworks

Verifone, a global provider of payment and commerce enablement technology and services, has partnered with payworks to offer mPOS. The two companies provide a joint product package based on Verifone’s E Series of terminal devices, enabling acquirers and network service providers (NSPs) to offer their retail merchants an easy-to-integrate mPOS solution. This solution is available in Germany, and a roll-out… Continue reading >>

Miura raises $16m in VC round

Miura Systems has closed a $16m fundraising round, led by London-based investmend syndicate, DFJ Esprit Secondaries (DFJES). The company has sold off a minority stake to speed-up growth in a VC round that included participation from various DFJES funds. “This transaction provides not only additional capital to support our ambitious growth plans but also additional input at board level to… Continue reading >>

Ericsson And VeriFone Mobile Money announce global partnership

Ericsson has partnered with VeriFone Mobile Money, a retail enablement software suite that will be integrated with Ericsson Wallet Platform to expand payment options, including in emerging markets. The global partnership agreement will make it possible for Ericsson’s customers to offer a range of contactless near field communication (NFC) and tap-and-pay services at POS. Commenting on the partnership, Chris Jones, Chief… Continue reading >>

Apple Pay comes to the UK in July

Apple Pay is coming to the UK in July, enabling millions of Apple device owners to use the tech giant’s mobile payments service. So far, MasterCard, Visa, eight UK banks and other payment players like First Data have announced support for Apple Pay. MasterCard says that for consumers and merchants alike, every purchase made with a MasterCard using an iPhone… Continue reading >>

Apple Pay UK availability details leaked

Availability of the iPhone 7 and Apple Pay have leaked online just hours ahead of Apple’s Worldwide Developer Conference (WWDC) keynote. Reports emerged about Apple Pay’s UK launch date, and Apple is tipped to announce an expansion of the service during its WWDC keynote on Monday. That’s according to The Telegraph, which has heard from “industry sources” that Apple Pay will arrive… Continue reading >>