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Facebook creates AI-powered virtual assistant

You might wander why an AI story is appearing in a payments blog, but AI payments may well be here sooner than you think. Facebook has created a virtual assistant powered by artificial intelligence that can do everything from organising birthday parties to calling companies so users do not have to spend hours on hold. The M service — which… Continue reading >>

CurrentC to delay launch

CurrentC, the mobile payment platform developed by MCX, will kick off a public beta test within the next few weeks in Ohio, but may not push its service across the US until 2016, MCX CEO Brian Mooney told Recode in an interview published Wednesday. MCX, which has been working on its mobile-payment platform for three years, had initially planned to… Continue reading >>

Rival Bitcoin software emerges – developers split on future

A power struggle has emerged over the last few days regarding the future of bitcoin. The feud is dividing leading developers, provoking a fierce debate over whether the digital currency’s software should be tweaked to allow for more and speedier transactions. Last Saturday, a rival version of the current software was released by two bitcoin big guns: Gavin Andresen, who was… Continue reading >>

Advanced Payments – Which paths to success?

PCM in partnership with Edgar, Dunn & Co. and American Express unveil the findings of the latest Advanced Payments Survey. The annual Advanced Payments Survey, which this year has been produced by PCM in conjunction with American Express and written by consultancy Edgar, Dunn & Co. (EDC), has become one of the benchmark indicators of where the payment industry is… Continue reading >>

The Omni-channel challenge in Retail payments

More and more merchants in Europe feel the need to offer their services via multiple channels (i.e. physical stores, online, mobile etc.), embracing the so-called omni-channel retail approach. “In terms of payments, an omni-channel approach for merchants means accepting a wide variety of (offline and online) payment methods,” explains Evelien Witlox, General Manager Product Management & Innovation at Equens. “As –… Continue reading >>

Bitnet and PAY.ON strategic partnership to enable simplified Bitcoin acceptance

Bitnet, an enterprise bitcoin payments processor, and PAY.ON have entered a strategic partnership that will enable payment service providers globally to offer bitcoin as a payment method via PAY.ON’s RESTful API-based payment platform.   Bitnet is the first bitcoin payment processor designed specifically to service both the merchant and PSP ecosystems. Founded and staffed by a team of ex-Visa and ex-CyberSource payment… Continue reading >>

Visa and QIWI mass launch of contactless phone payments

QIWI and Visa have implemented a new stage of their strategic partnership, which has resulted in integration of Visa payWave’s contactless technology into Visa QIWI Wallet. Now e-wallet customers can pay using their NFC-enabled mobile devices operating on Android 4.4 or higher in stores, cafes, cinemas, and hundreds of thousands of other points of sale equipped with contactless terminals worldwide. Visa QIWI… Continue reading >>

Samsung Pay teams with card schemes and banks for launch

Tech giant Samsung will launch its mobile payments service Samsung Pay in South Korea later this month, with Visa, MasterCard and major banks lining up for a US launch in September. Samsung Pay will launch in South Korea on 20 August and the US on 28 September. It will launch in the UK, Spain and China at a later date…. Continue reading >>

PayPal Here enables SMEs to take contactless payments

PayPal is now selling NFC-enabled card readers on its website aimed at small businesses, enabling them to accept contactless payments. The PayPal Here card reader costs £79.95 and is followed by a 2.75% transaction fee. It will accept Visa, MasterCard, Maestro cards as well as Apple Pay. The PayPal Here app and card reader will continue to process chip and… Continue reading >>

PayPoint launches Advanced Payment suite

PayPoint, a global payment technology provider has launched its third generation “Advanced Payments” platform for mobile and online merchants. According to PayPoint, the new digital platform has been designed from the ground-up to address the needs of fast-growing businesses through robust, innovative and highly flexible features. The platform includes two flagship products, Cashier and CardLock, which address the most common… Continue reading >>