PayPal is picking up Xoom for $890 million. Xoom is a specialist in international remittances enabling customers in the US to send money to, and pay bills for, family and friends around the world in a secure, fast and cost-effective way, using their mobile phones, tablets or computers.
Samsung Electronics has buddied with France-based Oberthur Technologies to deploy Samsung Pay in Europe later this year. The Samsung Pay service will allow Samsung Galaxy S6 and S6 Edge owners to use their smartphone for contactless payments.
NCR is beefing-up its transaction processing solution from Alaric.
The latest release of Authentic has focused on integration, usability and security.
FIS has opened its fourth payments innovation lab to serve as a hotbed for the continued development of the Company’s disruptive digital and mobile capabilities, as well as shorten time-to-market for new applications.
A new customer case study of Xpress Bill Pay’s use of Prime Factors’ EncryptRIGHT data protection and enterprise crypto key management capabilities has been released. Prime Factors encryption and tokenization product is well regarded in the payments industry.
CellPoint Mobile announced a converged payments solution that securely and seamlessly processes passengers’ mobile payments and digital transactions, regardless of mobile device or the disparate array of underlying data sources and mobile payment technologies, including ApplePay, PayPal, MCX, credit-debit cards and others.
The first payment card integrating dynamic Card Verification Value/Code (dCVV/dCVC) technology from NagraID Security (NIDS) in order to secure online transactions comes from Oberthur Technologies (OT). NIDS is the display card specialist acquired by OT last month.
Spindle mobile commerce solutions announced its Developer Integration Tools to its customer base and resellers. The expanded API toolset, which leverages Spindle’s “instant acceptance” merchant boarding process, is accessible through Spindle’s website at:developers.spindle.com. The site will also include tools from Spindle partners such as Slim CD, a payment processing gateway provider based in Coral Springs, Florida. The launch of this platform advances Spindle’s mobile commerce portfolio into fast-growing market segments where developers are looking to combine payment capabilities with the simplicity of instant boarding for their customers and users.This adds transaction processing capabilities to online, mobile and brick-and-mortar merchant software solutions.
Ingenico entered exclusive negotiations regarding the acquisition of 100% of the share capital of GlobalCollect from its existing shareholders for an enterprise value of €820 million. GlobalCollect has developed a recognized payment expertise, notably in cross-border e-commerce, to enable most recognized brands to sell their products on line across the globe. Thanks to its secure, scalable, in-house and robust online platform supported by an experienced management team, GlobalCollect directly provides merchants with a comprehensive, cross-border one-stop-shop payment solution by acting as a hub to multiple other payment providers in 170 countries and providing an access to 150 local payment methods. During fiscal year 2013, GlobalCollect reported gross revenue of €305 million, net revenue of €111 million and adjusted EBITDA1 of €50 million.
Fime, is helping Indian banks to reduce time to market for EMV readers and chip enabled debit/credit cards when seeking the MasterCard Terminal Integration Process (M-TIP) service by streamlining its processes and offering. The MasterCard chip testing processes are mandated to qualify that banks and financial institutions align to its requirements before chip products are deployed in the market. FIME, an independent service provider accredited to provide formal approval for MasterCard M/Chip™ services, has refined its offering to ensure the M-TIP service can be delivered quickly and efficiently to acquiring organisations in India. FIME’s SAVVI analysis test tool, along with test cards qualified by MasterCard, enables acquirers to debug and test the compliance of a contact, contactless and mobile payment acceptance terminal in preparation of formal MasterCard approval prior to market implementation.
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.
The value of global payments via mobile devices is expected to reach around $507 billion this year, a rise of nearly 40% year-on-year. A recent report from Hampshire-based Juniper Research says the opportunity for contactless mobile payments has been bolstered by contactless infrastructure deployments, with the majority of POS (Point of Sale) terminals now shipping with contactless.