Riyad Bank, one of Saudi Arabia’s top financial institutions, is migrating its entire portfolio to Gemalto’s Clarista Contactless EMV card, powered with the industry-standard MULTOS operating system. This is the country’s first contactless payment method.
Online payments provider Checkout.com, and Diners Club report effective today all Checkout.com merchants will have the opportunity to accept sales from cards running on the Discover Global Network.
Sweden’s largest pharmacy chain has inked a deal with
Verifone to supply payment as a service solutions to Apoteket. The agreement means that Verifone has now supplied card payment solutions to all 371 pharmacies in Apoteket’s portfolio.
First Data expects to raise $3.7 billion in its initial public offering. The deal involves 160 million shares of its Class A common stock. The initial public offering price is expected to be between $18.00 and $20.00 per share.
P97 Networks says its P97’s PetroZone Mobile Commerce and Digital Marketing Platform has been certified to integrate with Verifone’s cloud-based POS and site management software solutions”providing gas stations and convenience stores a combined, fully integrated solution for mobile payment acceptance in-store and at the pump.
Nordstrom has closed on its credit card transaction with TD Bank U.S.A. The Company sold its credit card portfolio to TD for $2.2 billion span, representing the gross value of the outstanding receivables.
NASA Federal Credit Union is officially taking off with a suite of new Star Trek-branded credit cards. The four new cards, under license by CBS Consumer Products, provide unique benefits of Star Trek merchandise and experiences, as well as the outstanding value of the current NASA Federal Credit Union Platinum Advantage Rewards credit card.
Walgreens, the nation’s largest drugstore chain, this month launched Western Union Bill Payment services staged via digital self-service kiosks, allowing customers to make payments to 15,000 billers across the U.S. and beyond.
Even as real-time payments systems are proliferating around the globe, real time can mean many different things with vastly different implications to users of the system. The paper provides clarity on what a real-time payment is by exploring what real time means, outlining the challenges to implementing real time, and identifying major use cases and user impact.
The use of facial recognition technology to help combat card fraud in stores is being explored in the payments industry. “PED Cam” (Pin Entry Device Camera) uses an upward-facing camera, embedded into a standard card terminal to take a picture of the card-user whenever they enter their PIN.
BNP Paribas is running a trial of OT MOTION CODE with 1000 French customers. The dynamic security code solution replaces the 3-digit static code located on the back of the card, used to confirm online payments.
Bahrain Petroleum Company (Bapco) is expanding its Sadeem fuel card program with the help of MasterCard and NEC Payments. At the centre of the project is a next generation technical solution developed, hosted and managed by NEC Payments.