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Domestic schemes – set for domination?

The launch of RuPay in India and plans for a Russian payment network indicate a resurgence in domestic schemes, but at what cost to the international players? While Europe’s banks and regulators are still mulling over the possibility of a third debit scheme in Europe to rival Visa and MasterCard, India and Russia are getting down to business, albeit for… Continue reading >>

How to secure HCE applications

E-security solutions provider, Cryptomathic, has published its latest white paper, which offers advice to banks and payment service providers on how to protect mobile banking, payment and (Host Card Emulation) HCE applications against security attacks. The paper, titled: ‘Protect HCE Mobile Applications ’ highlights the benefits that HCE brings to the market through simplifying and speeding up the deployment of… Continue reading >>

Banking and Payment vertical continues to offer strong growth for smart cards

The global market for smart cards  will see steady growth due to the increasing emphasis on the Europay, MasterCard and Visa (EMV) standard in the payment and banking vertical. In 2015, multiple financial institutions in the US are expected to make their payment cards EMV-complaint. Countries in the Middle East, Africa and Asia-Pacific will follow suit. New analysis from Frost… Continue reading >>

Payments platform to connect mobile operators and enable digital payments in emerging markets

Skrill has launched an online payments platform to drive digital inclusion in emerging markets.  By partnering, mobile network operators enable consumers to engage with global online eCommerce, thereby increasing average revenue per user (ARPU).  For global online brands, Skrill will deliver access to hundreds of millions of currently unreachable new consumers in emerging markets. As Europe’s first FCA-regulated eMoney issuer,… Continue reading >>

Nets implements TANGO for ATM estate

Nordic switch processor Nets Group, has  announced the selection and rollout of TANGO, from payments vendor Lusis Payments. The selection of TANGO followed a comprehensive review of alternative payment solutions over a number of months. The ensuing project implemented TANGO to drive Nets’ ATM estate of withdrawal and deposit ATMs and culminated in the successful migration of more than 700… Continue reading >>

The most comprehensive hub to accelerate mobile payment

Gemalto has introduced its Allynis Trusted Services Hub, a business service that enables financial institutions, enterprises, transport operators and more generally all digital service providers to benefit from a single connection in order to securely deploy their value-added and mobile payment services across a comprehensive portfolio of smartphones and mobile networks around the world. Through Allynis Trusted Services Hub customers… Continue reading >>

Apple agrees interchange fee rebates for m-payments

Ahead of the launch of the iPhone 6 next week, tech giant Apple has reportedly negotiated deals with several US issuers to give Apple back a portion of card-present interchange fees, around 15 to 25 basis points, on each transaction. The issuers have also agreed to extend card-present rates to Apple for all transactions involving their cards with Apple’s new… Continue reading >>

MasterCard and Basware launch B2B solution

MasterCard and global e-invoicing specialist Basware have launched Basware Pay, a solution aimed at working capital optimisation for the B2B space. Basware Pay aims to extend the value of the purchase-to-pay process by providing a unique, global e-payment solution. The solution connects buyer and supplier payment processes through the Basware Commerce Network. Supplier invoices are sent via the Basware Commerce… Continue reading >>

CaixaBank to invest €500m in next-generation ATMs

Spain’s CaixaBank has signed an agreement with ATM manufacturer Fujitsu to manufacture 8,500 new terminals featuring cutting-edge technology and to innovate jointly on a global scale. The new ATMs are fitted with contactless readers capable of scanning cards, mobile phones and wearables, and all offer banknote recognition technology, among other improvements. CaixaBank boasts Spain’s largest ATM network and the third-largest… Continue reading >>

BPC SmartVista selected for Ethiopian national payment system

BPC Banking Technologies, a global provider of open system payment solutions, has been selected by Ethiopia’s EthSwitch to power its national switching operations in Ethiopia. BPC’s SmartVista solution was selected because of its functionality, technology and track record in helping payment businesses worldwide capitalise on opportunities presented by the changing payments landscape. EthSwitch was formed by all the banks in… Continue reading >>