MasterPass has spread RAK Bank, Mashreq Bank and Emirates NBD to offer digital wallets powered by MasterPass to cardholders in the UAE. Digital wallets powered by MasterPass will allow consumers in the UAE to store all their MasterCard or other branded payment card information, as well as shipping and billing address details, securely in one place.
TIO Networks announced its patent for change-based transactions on electronic kiosks has been approved by the United States Patent and Trademark office. This patent relates to cash transactions on an electronic kiosk where remaining funds after the initial transaction can be used towards a subsequent transaction.
UK-based Worldpay has signed a deal to acquire Austin, TX-based SecureNet Payment Systems. The company’s sophisticated single stack of payment APIs and flexible architecture allows integration for all types of transactions, in all development languages, across all channels.