Net 1 UEPS Technologies has acquired a 43.88% interest in Transact24 Limited , a specialist Hong Kong-based payment services company.
Fiserv inked Bank of the West for a redesigned online banking service built on the Corillian Online platform from Fiserv. The enhanced service for personal and business customers features a clean, intuitive design that puts money movement and management capabilities front and center.
Discover cardholders using Android 4.4 (KitKat) phones in the U.S. soon will be making contactless payments through Android Pay, Google’s new mobile payment solution that will allow people to make purchases with their Android phones in-app or in stores.
More U.S. adults than in previous years are using online banking, but fewer are using their computers to do so. About 86% of U.S. adults manage their accounts electronically and 79% make banking transactions electronically, up slightly from 2013 figures.
Mobile payments, the use of phones to complete transactions in stores instead of cash and physical card swipes, are going to grow much more quickly than many observers believe. In no small part, this will be thanks to the growing popularity of Apple’s new Apple Pay system.