Tencent’s WeChat has become the first social communication application to provide a technology platform to support person-to-person cross-border money transfer capabilities to more than 200 countries and territories. WeChat U.S.users can now access Western Union’s WU Connect platform.
Dai Nippon Printing (DNP), a NFC technology supplier and solution provider for financial institutions in Japan, has inked Gemalto to provide its mobile payment solutions to DNP.
Apple Pay is on a major winning streak this week after corralling Best Buy in its fold, watching the Merchants Customer Exchange (MCX) implode as its CEO hits the door and finally coming to terms with Discover.
The Walmart-funded Merchants Payments Coalition is hosting a briefing for members of Congress, their staffs and the press from noon to 1 p.m. Monday, Nov. 17 in room 562 of the Dirksen Senate Office Building.
Verifone’s MX 915 and MX 925 payment terminals have been granted SEPA Common Criteria certification by the Dutch Certification Body (NSCIB).
PA-based USA Technologies unveiled a mobile payments, offers and loyalty program with Softcard designed for the multi-billion dollar commercial laundry market. Under the program, consumers using Setomatic Systems’ new SpyderWash Elite laundry machines enabled with NFC and SmartTap®mobile commerce technology will receive a 25% discount on purchases made with the Softcard app.
The CurrentC Network is a software-based solution that works with most existing point-of-sale and payment terminals. CurrentC will utilize a secure paycode and will not require additional hardware from most customers or merchants.
New research shows the number of consumers making contactless payments via their mobile handsets would reach 300 million globally by 2017, up from just over 110 million last year. The Juniper Research report found that many markets were being seeded for mobile contactless adoption by accelerated rollout of contactless cards. These rollouts were being accompanied by marked increases in contactless POS (Point of Sale) terminals, with vendors VeriFone and Ingenico both now shipping the majority of their terminals with NFC (Near Field Communications) as standard.
MasterCard will enable Commonwealth Bank of Australia MasterCard cardholders to securely load and store payment account credentials on select flagship NFC-enabled Samsung devices, enabling fast and secure contactless payments. Commonwealth Bank of Australia is the first bank globally to collaborate with MasterCard and Samsung to offer this service to its customers, using Mobile MasterCard® PayPass™ within its CommBank app on the embedded secure element of the Samsung Galaxy S4. Commonwealth Bank customers can now easily add contactless payment functionality to their Samsung Galaxy S4, allowing for contactless payments at the more than 1.6 million MasterCard PayPass contactless merchant locations around the globe. This includes major retailers, convenience stores, grocery stores, pharmacies and taxis – quick payment environments where speed and convenience matter most.
Ingenico and FreedomPay platform and payment processing provider announced their partnership and the certific ation of the innovative Telium2 series point-of-sale (POS) payment devices. The integration extends to Ingenico’s retail base application (RBA) and its innovative hardware, including iSC250 Signature Capture terminal and iPP350 & iPP320 PIN Pad devices. The newly supported Ingenico RBA software-powered devices will accept magnetic stripe and EMV chip-card payments, as well as NFC-based transactions, enabling tap-and-go mobile payments. Ingenico devices will be integrated and connect to the FreedomPay Commerce Platform(, a cloud-based smart technology gateway, that supports true point-to-point encryption (P2PE), instantly reducing merchants’ scope for PCI DSS compliance.
ACI Worldwide payment systems was elected to the steering committee of the EMV Migration Forum. An independent cross-industry organization formed to help the payments ecosystem in the United States successfully move from magnetic stripe technology to secure EMV technology, EMV Migration Forum also appointed ACI’s Dan Heimann, consulting manager, Back Office Solutions, vice-chairman of the steering committee. Mr. Heimann is recognized as a global EMV leader thanks to his role in helping payment organizations implement and maintain EMV programs since the initiative began in 1998.
Aconite card payment and mobile management is now part of the Smart Card Alliance’s EMV Migration Forum. This independent, cross-industry body was created by the Smart Card Alliance to promote the efficient, timely and effective migration to EMV-enabled cards, devices and terminals in the United States. Aconite has embarked on a major expansion of its activities in the US in order to bring its proven EMV migration solutions to card issuing banks, credit unions and third-party processors. With a background of assisting card issuers around the world make the transition to EMV cards, Aconite is able to offer US customers a compelling mix of easy-to-deploy EMV software, years of experience in the implementation of EMV programs and an in-depth understanding of the world of smart cards and EMV payments.