SIX takes full control of Cetrel

SIX has increased its stake in the Luxembourg financial services provider CETREL S.A. from 50% to 100% as of 31 March 2014. SIX has underlined the real significance of strategic cooperation and in taking over the company, will expand its leading international offering in the area of card-based payment transactions. SIX is aiming to strengthen its position in the acquiring business and expand the international issuing-processing offering of SIX in Europe. Maintaining central services to strengthen the competitive position of the Luxembourg financial center will continue to be one of the core activities for the company.

Yapital and POSPartner Deliver BLE Beacons

Yapital is the first payment system in Europe to integrate BLE technology into its service portfolio, meaning that it can also be used offline. The communication with the point of sale in order to fulfill the payment is “powered by POSCard”, a development of leading POS and EFT specialists POSPartner, a strategic partner of Yapital. Thanks to Bluetooth Low Energy (BLE), which creates a wireless connection between the smartphone and the point of sale, customers can make payments easily using their Yapital app even in places where there is no mobile network coverage – for example in shops located in basements or in some shopping centres.

Cryptomathic Selected by LuxTrust

e-security solutions provider, Cryptomathic, has announced that LuxTrust, Luxembourg’s primary provider of digital identity and data security services, has implemented Cryptomathic Signer. The solution will provide a nationwide e-Signature service that will enable residents to securely and conveniently access banking and government web services, and digitally sign legally binding transactions or online forms from any location. The central signing scheme allows Luxembourg residents to use their standard credentials and a single user-friendly authentication mechanism to access multiple online applications from any organisation connected to the LuxTrust service. An essential component for the service is the Cryptomathic Signer, a pioneering central server that delivers advanced digital signatures with virtual chip cards.

Fexco TakesOver mPayments Entity

Fexco completed the acquisition and subsequent funding of mobile payments and loyalty start-up, FLASHiZ, in partnership with BNP Paribas Personal Finance. FLASHiZ focuses on the delivery of mpayment solutions using both QR codes and NFC to enable consumers to pay in shops, online, make peer-to-peer transfers and pay paper invoices. The FLASHiZ platform greatly simplifies merchant integration and opens up a new mobile payment method for consumers. Merchants can use the platform to link a variety of payment methods with loyalty and couponing functionality in a way that forges deeper relationships with their own customers. Deployed at more than 500 outlets, the company has built up a steady pipeline of new deployments in key European markets.

Cashcloud Secures Private Funding

Payment-corporation cashcloud announced that it has secured a second round funding from a private European investment firm. The cashcloud project has been conceptualized by experienced entrepreneurs and investors with a proven track record of success in the area of pre-paid, brand building and marketing especially in the mobile and internet world. It has been awarded with 25 million US$ from a long list of Silicon-Valley-Investors to develop a new mobile payment system that already exists in Europe.

MasterCard Agrees Interchange Fees to Make Payments More Expensive For Consumers

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard Europe announced its disagreement with today’s judgment of the General Court in Luxembourg concerning cross-border interchange fees and said that it intends to appeal the judgment. Commenting on the judgment, Javier Perez, President, MasterCard Europe said: “MasterCard balances the interests of both consumers and retailers, so that each party pays…