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LG CNS trials pay-by-face with digital currency

/crypto

LG CNS trials pay-by-face with digital currency

South Korea's LG CNS is trialling a pay-by-face system at its staff cafeteria that uses AI, blockchain and cloud technology to let people pay with a special "community currency".

CBA reports surge in digital wallet transactions

/payments

CBA reports surge in digital wallet transactions

Commonwealth Bank of Australia has recorded a surge in mobile payment transactions at the POS, as consumers reach for their phones to avoid touching PIN pads during the Coronavirus outbreak.

Covid-19, cash, and the future of payments

/covid-19

Covid-19, cash, and the future of payments

Despite public concern that Covid-19 is being transmitted by cash, scientific evidence suggests the risk is low compared with other frequently touched objects, including PIN pads, says a bulletin from the Bank for International Settlements (BIS).

Payments revenue to enter negative territory

/payments

Payments revenue to enter negative territory

McKinsey is forecasting a dramatic decline in payments revenue as the Coronavirus crisis hits economic activity across the globe.

CaixaBank helps Covid-19-hit retailers sell over social media

/payments

CaixaBank helps Covid-19-hit retailers sell over social media

Spain's CaixaBank has moved to help retailers hit by the Covid-19 pandemic through the launch of technology that enables them to sell over social networks and messaging applications.

Thyngs unveils tool to ramp remote fundraising for charities

/payments

Thyngs unveils tool to ramp remote fundraising for charities

With charities facing a multi-billion pound Covid-19 shaped fundraising black hole, payments outfit Thyngs has teamed up with the Charities Trust on a new way to help the sector raise money from people stuck at home.

Bulgarian payment firms score funding

/payments

Bulgarian payment firms score funding

Bulgarian payment startups Paynetics and phyre have both closed funding rounds led by VC New Vision 3 and Bulgarian American Credit Bank.

UK contactless limits raised to £45

/covid-19

UK contactless limits raised to £45

The UK has joined other countries around the world in lifting the ceiling for contactless card payments, enabling customers to make more payments without touching card terminals or handling cash.

Fiserv buys Bypass Mobile

/payments

Fiserv buys Bypass Mobile

Fiserv has boosted its omni-commerce capabilities through the acquisition of enterprise point-of-sale systems specialist Bypass Mobile. Financial terms of the deal were not disclosed.

Citing coronavirus, AIB suspends planned contactless fee

/payments

Citing coronavirus, AIB suspends planned contactless fee

Irish bank AIB says that in light of the Covid-19 outbreak it is suspending its recently announced plan to introduce transaction charges for contactless payments.

Nets buys Polish merchant acquirer PeP

/payments

Nets buys Polish merchant acquirer PeP

Nordic payments giant Nets has agreed to buy Polskie ePłatności (PeP) in a deal valuing the Polish merchant acquirer at EUR405 million.

Former Twitter chief Costolo backs payments outfit SpotOn

/payments

Former Twitter chief Costolo backs payments outfit SpotOn

SpotOn Transact, a payments and software company targeting SMEs, has raised $50 million in a Series B funding round joined by former Twitter CEO Dick Costolo's 01 Advisors.

Glasgow installs contactless giving points to help street beggars

/Eftpos

Glasgow installs contactless giving points to help street beggars

Glasgow has become the latest city to install contactless donation points where people can give electronically to help homeless people and street beggars.

Fiserv buys MerchantPro Express

/payments

Fiserv buys MerchantPro Express

Fiserv has acquired MerchantPro Express as part of the fintech giant's strategy to build up its merchant services business. Financial terms of the deal were not disclosed.

Santander buys Elavon México for global merchant acquiring push

/payments

Santander buys Elavon México for global merchant acquiring push

Spanish banking giant Santander has struck a deal to buy merchant payments platform Elavon México for EUR79 million.

Visa invests in POS financing platform ChargeAfter

/payments

Visa invests in POS financing platform ChargeAfter

Visa has made a strategic investment in ChargeAfter as part of a broader deal with the point-of-sale financing technology platform.

BitPay partners Poynt to bring bitcoin payments to the streets

/crypto

BitPay partners Poynt to bring bitcoin payments to the streets

BitPay is trying to finally bring bitcoin to the streets, inking a deal with point-of-sales terminal maker Poynt to enable cryptocurrency payments at more than 100,000 retailers around the world.

Nationwide trials contactless posters for charity donations

/Eftpos

Nationwide trials contactless posters for charity donations

Nationwide Building Society is trialling a "smart window poster" that people can tap with their contactless cards to make donations to a homeless charity.

Canada updates debit rules to enable public transit payments

/Eftpos

Canada updates debit rules to enable public transit payments

Payments Canada is bringing in a rule designed to enable broader point-of-sale debit card acceptance, paving the way for people to use their plastic for, among other things, public transit fares.

Barclays buys minority stake in digital receipts firm Flux

/startups

Barclays buys minority stake in digital receipts firm Flux

Barclays Bank has made a strategic investment in UK digital receipts startup Flux.

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