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APP scam data published for first time

UK consumers lost £236 million to authorised push payment scams in 2017, the first year that Britain's banks have reported data on the fraudulent activity, in which bank customers are duped into transferring cash to criminal accounts.

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Adyen launches POS offering in Singapore

Adyen, the payments platform of choice for the world’s leading companies, today announced the launch of its point of sale (POS) offering in Singapore, extending its unified commerce footprint to 27 countries and more than 4,000 cities.

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Worldpay and Lianlian Pay team up to connect China to the world

Worldpay, Inc. the global leader in payments, and Lianlian Pay, one of the top mobile payment service providers in China, are partnering to expand Worldpay’s settlement and pay out capabilities to include Chinese Yuan (CNY).

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AmEx Ventures invests in EverCompliant

EverCompliant, the pioneer of Electronic Money Laundering Detection and Prevention (also known as Transaction Laundering), announced a strategic investment from American Express Ventures, which joins existing investors Arbor Ventures, Carmel Ventures, StarFarm Ventures and Nyca Partners.

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Contis to provide payment cards for Wirex cryptocurrency-to-fiat spending

Contis, a leading provider of end-to-end banking, payments and processing solutions in the UK and Europe, announces it has entered a landmark partnership with Wirex.

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Visa takes Everywhere startup programme to Sub-Saharan Africa

Today, Visa announced that its Visa’s Everywhere Initiative, a global innovation program that tasks start-ups to solve commerce challenges of tomorrow and further enhance their own product propositions and provide visionary solutions for Visa’s vast network of partners, will expand into the Sub Sahara Africa (SSA) region.

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UOB Malaysia signs heads of agreement with Mint Payments

Payment processing technology provider Mint Payments Limited (ASX:MNW) (“Mint” or “the Company”) is pleased to announce that its wholly owned subsidiary, Mint Payments Asia Pte Ltd has signed a Heads of Agreement with United Overseas Bank (Malaysia) Bhd (“UOBM”), one of the largest business and commercial banks in Malaysia.

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Wirecard gains Mizuho Bank as a new customer

Wirecard, the leading specialist in digital financial technology, has gained Mizuho Bank, Ltd. (“Mizuho Bank”), one of the worldwide largest financial institutions, as its new customer.

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LiquidVoice brings PCI compliance to the call centre

Liquid Voice, a leading provider of interaction recording, quality management and analytics, has announced the immediate availability of a new Payment IVR solution.

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SafeCharge grows transaction volumes by 38%, processes almost $10 billion in value

Today, SafeCharge – a leading payments technology company – announced the number of transactions processed in 2017 increased by 38% year-on-year to nearly 174 million transactions, having processed $9.6 billion in value, up from $8.1 billion in 2016.

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UK could scrap 1p and 2p coins

With Brits increasingly turning to electronic payments, the UK government has raised the possibility of ditching 1p and 2p coins and even £50 notes.

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ING closes acquisition of majority stake in Payvision

ING has today completed the acquisition of its 75% stake in Payvision, a fast-growing, leading international omnichannel payments service provider.

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i2c to open new operations centre in Omaha

i2c, a global provider of smarter payments and integrated commerce solutions, today announced plans to open a new operations center in Omaha, Nebraska to facilitate strong company and customer growth worldwide.

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Chase Freedom customers to get cashback on PayPal purchases

Today Chase Freedom adds a new quarterly category – PayPal – and brings back customer favorites – Chase Pay and grocery stores –from April through June.

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Actis leads $82 million funding round in India's Pine Labs

Actis, a leading growth markets investor, today announced an investment in Pine Labs, India’s largest digital retail payments platform.

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Using Facebook Messenger to help small businesses

Jorn Lambert, Executive Vice President, Digital solutions at Mastercard International, talks at Mobile World Congress about the launch of the Masterpass QR bot for Messenger to enable Nigerian businesses to set up digital money accounts and accept QR payments, the process merchants need to go through to set up a new account and what benefits they can expect to see such as analytics and using the product for marketing.

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Capital One virtual assistant can now issue virtual card numbers

US bank Capital One is bidding to make online shopping safer through a new feature within its Eno chatbot that lets customers use virtual card numbers for ecommerce purchases.

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Riyad Bank to issue contactless bracelets

Saudi Arabia's Riyad Bank is getting into the wearables market, launching a contactless bracelet and stickers for cell phones.

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Sydney ferries go contactless

Sydneysiders hopping on and off the city's busy commuter ferries and light rail services can now pass through the turnstiles with a tap of their payment cards and smartphones.

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Transferwise selects Wirecard for debit card roll out

Wirecard, the leading international specialists for digital financial technology, has been chosen by TransferWise, the international money transfer company based in London, to issue a debit card to serve alongside its digital borderless account.