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Chinese firms partner for blockchain payment systems play

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Chinese firms partner for blockchain payment systems play

Two of China’s largest financial services firms have agreed to work towards the development of a blockchain-based mobile payment system in what has been a busy week for China's burgeoning fintech sector and also a signal of the extent of China's blockchain ambitions.

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First Data extends Wels Fargo joint venture

First Data (FDC) announced today that it has extended its merchant acquiring joint venture with Wells Fargo Bank, Wells Fargo Merchant Services (WFMS), until December 31, 2024.

Paying by card? You're less likely to remember the amount spent

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Paying by card? You're less likely to remember the amount spent

The old axiom that people tend to up their spending when paying by card rather than with cash may lie in the recall accuracy of individual consumers, according to research published by the University of Cologne and the Alpen-Adria-Universität Klagenfurt.

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Square speeds up chip card transactions

Square, Inc. (NYSE: SQ) is all about speed, and today the company announced it has delivered on its promise of making EMV transactions even faster for business owners and buyers in the U.S. Sellers can now process chip cards in just two seconds on Square Reader for contactless and chip and Square Register.

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UL streamlines 3-D Secure testing

UL to facilitate market adoption of 3-D Secure with an enhanced version of UL’s Self-Test Platform that streamlines the process of testing and approval of 3-D Secure components by making it scalable, user-friendly and web-based.

Alternative payments trump traditional rivals in Apac ecommerce market

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Alternative payments trump traditional rivals in Apac ecommerce market

Alternative payment methods such as mobile wallets now account for just over half of ecommerce transaction value in Asia Pacific, according to research from GlobalData.

India's Cosmos Bank falls victim to global ATM cash-out fraud

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India's Cosmos Bank falls victim to global ATM cash-out fraud

Indian co-operative Cosmos Bank has fallen victim to a sophisticated malware and ATM cash-out attack that saw 94.24 crore ($13.4 million) stolen in 14,000 transactions across 29 countries.

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EMVco releases 3D-Secure test platform

EMVCo today announces the availability of the full EMV 3-D Secure (EMV 3DS) Test Platform, which enables the functional testing of EMV 3DS solutions.

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Positive Technologies details flaws in mPOS devices that could lead to fraud and theft

Vulnerabilities in multiple mobile point-of-sale machines allow malicious merchants to take advantage of customers by changing the amount charged and forcing cardholders to use a more vulnerable payment method.

KYC, AML & Transparency for Crypto-Currencies & ICOs

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KYC, AML & Transparency for Crypto-Currencies & ICOs

Conor Coughlan, Global Head of Marketing, Fenergo, discusses the challenges facing institutions, issuers, exchanges, & investors in determining viability & suitability, for investing in crypto-currencies, ICOs and derived offerings so that this new asset class can mature, open up to institutional investors and play a more value adding role in the global economy.

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Bambora selects Payworks to introduce integrated Point of Sale solution for the global SME market

Bambora, a leading provider of multi-channel payment solutions, has partnered with payment technology company, Payworks, to launch Bambora Connect, an integrated and international solution built for POS software providers and their merchants.

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Citi Commercial Cards forms alliance with Cvent

Cvent, Inc., a market leader in meetings, events and hospitality technology, today announced a strategic alliance with Citi®, the largest global issuer of self-owned and managed corporate cards, servicing more than 100 countries.

FBI warns banks of ATM cash-out threat

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FBI warns banks of ATM cash-out threat

The FBI has sent out an alert to banks, warning that cybercrooks are planning an 'unlimited' global ATM cash-out operation.

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Card schemes cut interchange fees in Canada

Today, Finance Minister Bill Morneau announced that the Government has helped secure new, separate and voluntary commitments from three payment card networks that will lead to lower costs for small and medium-sized businesses.

Finextra goes mobile first

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Finextra goes mobile first

Welcome to the new-look Finextra, optimised for mobile and rebuilt to drive deeper engagement with our growing global community.

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Dynamics and GMO Aozora Net Bank introduce battery-powered, interactive cards

Dynamics Inc. and GMO Aozora Net Bank, Ltd. today announced plans to introduce the first battery-powered, interactive debit and cash cards to the Japanese market in 2019.

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PSCU and Ondot team on card alerts

PSCU, the nation’s premier payments credit union service organization (CUSO), has partnered with Ondot, the global leader in mobile payments services, to further enhance the credit union member experience through a comprehensive Alerts and Controls solution.

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POS software firm Appetize scores 32 Equity investment

Appetize, the modern point of sale (POS) operating software company, announced today that it has now raised over $50 million, with the latest equity funding coming from 32 Equity.

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Sberbank: Russia is experiencing a cashless payments boom

Sberbank has presented its first Rating of Russia’s Cashless Regions and Cities.

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Discover redesigns the debit card, introduces Freeze It feature

Discover is introducing more features and debuting a new debit card design for the Discover Cashback Debit product.

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