280K Australian POS Terminals Now Accept UnionPay QuickPass

China UnionPay cards are now accepted in Australia by about 30,000 ATMs and over 600,000 POS terminals, covering 90% of the ATMs and about 70% of the local merchants, and more than half of these merchants accept UnionPay mobile QuickPass. The local UnionPay payment service system for students study abroad is improving continuously. Since July,…

Details

POS Installment Financing Now in the UK Following Romanian Pilot

Mastercard has inked a partnership with Verifone to roll out a new installment pay application at retailers across the UK. With a significant footprint of payment terminals at major retailers, Verifone will help Mastercard roll out the solution for UK cardholders. Mastercard Installments has been developed to bring a fresh payment option to the marketplace.…

Details

Ingenico Link/2500 M-POS Aimed at Small Merchants’ Payment Needs

Ingenico has launched its new Link/2500 mobile point-of-sale device designed to address small merchants’ payment needs in mobility. Available in two versions, companion or standalone, the Link/2500 was designed to address small merchants’ payment needs in mobility. The Link/2500 enables estate owners to offer their clients (micro and small merchants) a new generation mobile solution…

Details

Lending Tree Grows a President to Accelerate Branching Out

NC-based LendingTree has juggled two top executives. Neil Salvage, previously the company’s Chief Revenue Officer, has been promoted to the newly-created role of President, managing the day-to-day business operations. Nikul Patel, previously LendingTree’s Chief Operating Officer, will now be the company’s Chief Product and Strategy Officer, where he will lead product innovation, consumer experience and…

Details

UQUID’s Altcoin Debit Card Captures 40+ Cryptocurrencies

Altcoin fans can now use their favorite cryptocurrencies to load a virtual VISA card, thanks to UQUID. In a world’s first, users can spend over 40 different cryptocurrencies on mobile top ups, bill payments, pharmacy and food vouchers, transportation tickets, wi-fi recharges, and PIN-less calls. UQUID’s VISA debit card is also the first in the…

Details

Online Payment Card Holiday Fraud to Climb 12% YOY in the U.S.

ACI Worldwide says it expects a 12% growth in online fraudulent activity in the upcoming holiday season, compared with the same period last year—and lower ticket prices on fraudster-targeted gifts and products. ACI says following the U.S. adoption of EMV chip cards, which protects card data through encryption, fraud is shifting online as fraudsters are…

Details

MasterCard Harnesses AI for the 1st Time to Reduce False Declines

Mastercard unveiled Decision Intelligence solution utilizing artificial intelligence technology to help financial institutions increase the accuracy of real-time approvals of genuine transactions and reduce false declines.  This is the first use of AI being implemented on a global scale directly on the Mastercard network. Current decision-scoring products are focused primarily on risk assessment, working within…

Details

Concur & China Datacom Target Travel Expense Management Market

SAP’s Concur inked a strategic partnership with China DataCom (CDC), a joint venture between SAP and China Communications Services. Concur is the world’s leading provider of integrated travel and expense management solutions, is the only travel and expense provider in China capable of supporting multinational companies. This supports Concur’s ongoing China Expansion Plan which places…

Details

iATS Ankles Top Exec w/Non-Profit Exp to Head Business Development

Vancouver-based iATS Payments has ankled Daniel Mitchell as Vice President responsible for Sales and Business Development. He will be responsible for leading all aspects of iATS sales and business development, and will work closely with customers and partners to support their success. With over 20 years of sales experience, Daniel has worked with innovators across…

Details

BankAxept Certifies Norway Eika Cards w/INTERAC Flash Technology

Eika Alliance, one of the largest players in the Norwegian financial market, with almost a million customers, has partnered with Oberthur Technologies to launch of the first dual payment card certified by BankAxept. This is the first step for an acceleration of the rollout of contactless payment in Norway. OT’s dual payments card leverages INTERAC…

Details

Three Myanmar CB MPU-JCB Debit Cards Begin Issuance in December

Myanmar-based Co-Operative Bank (CB Bank) Myanmar Payment Union Public Co.(MPU), and JCB International Co. (JCBI), inked a deal to enable CB Bank to start issuing a JCB debit card in December. The CB MPU-JCB Co-Brand Card combines the MPU brand and JCB brand. Cardmembers can use MPU’s nation-wide merchant network in Myanmar and JCB’s international…

Details