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UnionPay brings mobile payments to Hong Kong and Macau

UnionPay International announced today that in answer to the construction of the Greater Bay Area and to meet the increasingly payment needs brought by the exchanges between Hong Kong/Macau and the Chinese Mainland, the unified mobile payment app of China's banking industry, "UnionPay", has started offering service to customers in Hong Kong and Macau, facilitating the interconnection of mobile payment in the Greater Bay Area.

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Thames Technology joins the Multos consortium

The MULTOS Consortium, a group of international blue chip organisations responsible for the promotion and development of the MULTOS specifications that bring additional choice and flexibility to personalisation, announced today that Thames Technology Limited, one of Europe’s largest and most trusted card issuing partners; a market leader in the design, manufacture, personalisation and distribution of payment and retail card programmes, has joined as a Partner Member.

Card payments dominate UK retail sales as cash usage falls

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Card payments dominate UK retail sales as cash usage falls

Cards now account for more than three quarters of the value of retail purchases in the UK, as contactless payments continue to eat into cash's share of the pie.

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Cubic wins contract for next-gen fare payments in San Francisco

Cubic Corporation (NYSE: CUB) today announced that its Cubic Transportation Systems (CTS) business division has been selected as the preferred bidder by the San Francisco Metropolitan Transportation Commission (MTC) to deliver the next-generation fare payment system to the Bay Area.

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BA takedown linked to perpetrators of Ticketmaster breach

RiskIQ, the global leader in digital risk management, today revealed that its researchers traced the breach of 380,000 sets of payment information belonging to customers of British Airways to Magecart, the credit-card skimming group made infamous for its July breach of Ticketmaster.

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Ravelin raises £8m to help secure online commerce from the growing threat of fraud

Ravelin, the London-based fraud and risk prediction company, today announced an £8M Series B round led by BlackFin Capital Partners to expand its overseas business and extend its market reach.

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FreedomPay gets Elavon UK certification

FreedomPay, the global leader in secure commerce technology for lodging, gaming, retail, restaurants, stadiums and other hospitality merchants, has announced the receipt of the Elavon UK certification for their Commerce Connect eCommerce and PCI-validated point-to-point encryption (P2PE) compliant ePayments solution for the European market.

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Japan Race Course introduces contactless, biometric betting machines

Fujitsu Limited and Fujitsu Frontech Limited today announced that their jointly developed biometric-enabled cashless betting machines will be put to use by the Japan Racing Association (JRA).

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South African mPOS supplier Yoco secures Series B raise of $16 million

Yoco, the South African-based Point of Sale payments provider, has raised a Series B round of US$16M led by Partech, a Venture Capital firm based in Silicon Valley, Europe and Africa, with participation from Orange Digital Ventures, FMO (The Dutch Development Bank) and existing Series A investors Quona Capital and Velocity Capital.

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UMB contracts with Fraedom for full suite of card services

Fintech provider Fraedom, acquired by Visa earlier this year, and US-based financial services company UMB Financial Corporation have announced a partnership that will enable UMB to develop a full suite of card services, including expense and card management, reporting and a mobile app, to support its business customers.

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Elavon acquires Electronic Transaction Systems

Elavon, global merchant payment processing provider and subsidiary of Minneapolis-based U.S. Bancorp, has acquired Electronic Transaction Systems (ETS), a financial technology company based in Virginia.

Cardnet glitch double charges consumers

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Cardnet glitch double charges consumers

Lloyds Bank is apologising to consumers and merchants after a glitch in its Cardnet eftpos terminals charged thousands of customers twice for debit card payments, and under- or overpaid settlement funds in merchant accounts.

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Square readers come to Apple desktops and Chromebooks

We want you to be able to run your business however you want — and never miss a sale. Whether you take payments via Square Stand in a restaurant, with a phone and reader in a retail pop-up, or with a computer in a medical office, we want to make sure our tools work seamlessly in your environment.

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Experian to introduce 'real rates' service to the credit card market

Experian is introducing a “real rates” service to the credit card market so consumers will now know exactly what deal they’ll be getting.

JaJa Finance preps launch of mobile-controlled credit card

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JaJa Finance preps launch of mobile-controlled credit card

London-based startup JaJa Finance is preparing to launch its first mobile-controlled credit cards on the back of £7 million in funding.

Google bought Mastercard data to link ads with in-store purchases

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Google bought Mastercard data to link ads with in-store purchases

Google and Mastercard struck a secret deal that used card transaction data to let some US merchants see when online ads led to sales at physical stores, according to Bloomberg.

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Adyen unveils 3D Secure 2.0 solution

Adyen, the payments platform of choice for many of the world’s leading companies, today launched a fully-certified 3D Secure (3DS) 2.0 solution which it has made available to its customers or merchants needing a next-generation authentication solution.

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Compass Plus migrates first processing customer in the Americas

Compass Plus, an international provider of retail banking and electronic payments software to processors and financial institutions, has announced that it has migrated BPP, a Brazilian prepaid card issuer, to the Compass Plus Processing Centre in just two months – its first processing customer in the Americas.

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Glint prepares for US launch

Glint, the fintech company on a mission to provide everyone with a reliable form of money is now set to enter into the US market with its alternative to banking by introducing a global currency account that uniquely enables gold to be used as money.

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Zwipe and Silone join forces for biometrics card project

Biometric technology company Zwipe and Silone CardTech, a VISA, Mastercard, China UnionPay and JCB certified card manufacturer based in Shenzhen, China have announced a partnership to launch battery-less dual-interface biometric payment cards with banks and loyalty programs in China.

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