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Armillion unveils diamond-encrusted contactless payments bracelet

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Armillion unveils diamond-encrusted contactless payments bracelet

Attention oligarchs: you can now pay for your latest Lamborghini with a diamond-encrusted contactless bracelet that has a £1 million spending limit.

Mastercard trials biometric cards in Mexico

/Eftpos

Mastercard trials biometric cards in Mexico

Mastercard is teaming up with prepaid specialist Edenred and the Mexican state of Sonora to trial the use of cards with embedded fingerprint sensors for benefit programme disbursement.

Man dissolves credit card to make contactless ring

/payments

Man dissolves credit card to make contactless ring

There may be no shortage of wearable payment options on the market, but one handy man has decided to opt for something a little more personal, and time consuming: dissolving his credit card and putting the RFID chip in a home-made resin ring.

Mastercard moves into POS financing with Vyze acquisition

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Mastercard moves into POS financing with Vyze acquisition

Mastercard is moving into the POS financing space with the acquisition of installment payments platform Vyze.

DBS launches mobile payments service for SMEs

/Eftpos

DBS launches mobile payments service for SMEs

DBS is tapping into Hong Kong's new Faster Payments System (FPS) with an app that lets small businesses accept QR code-based instant mobile payments.

Physical ATM attacks show explosive growth

/security

Physical ATM attacks show explosive growth

The number of physical attacks on ATMs in Europe has risen for the fourth consecutive year, although this was partially offset by a fall in the number of malware and logical attacks, according to industry association East.

Manchester to be test bed for finger vein payments

/payments

Manchester to be test bed for finger vein payments

Manchester has been chosen as the global launch city for finger vein payments system, Fingopay.

T-Mobile enters mPOS market

/Eftpos

T-Mobile enters mPOS market

T-Mobile is putting Square and First Data's Clover on notice With GoPoint, a new mobile Point of Sale (mPOS) device offering businesses free same-day funding and no software licensing fees.

Citi moves into consumer payments business

/payments

Citi moves into consumer payments business

Citi is making a play for the fast-growing consumer digital payments sector, building a service that lets merchants collect from a host of methods including cards and e-wallets.

Apple unveils credit card

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Apple unveils credit card

Apple is launching its own credit card that will be tightly integrated into its mobile wallet and promises to help customers lead a "healthier financial life".

UK embraces contactless payments

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UK embraces contactless payments

Total UK contactless spending rose by nearly a third last year to £69 billion, with tap and pay now accounting for more than 40% of all card transactions, according to industry figures.

Barclaycard opens up to Alipay

/payments

Barclaycard opens up to Alipay

Barclaycard, which processes nearly half of the UK’s credit and debit card transactions, has extended an existing provisional agreement with Alipay, enabling retailers across the country to accept the Chinese payment app at the point-of-sale.

FSS acquires 46% stake in Standard Bank subsidiary Ecentric

/Eftpos

FSS acquires 46% stake in Standard Bank subsidiary Ecentric

Indian-headquartered Financial Software and Systems (FSS) has acquired a 46% stake in Standard Bank's South African payment processing subsidiary Ecentric.

NatWest pilots biometric payment card

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NatWest pilots biometric payment card

UK bank NatWest is piloting in-card biometric technology that lets customers verify point-of-sale transactions with their fingerprints.

Bank of England takes action over Visa outage

/regulation

Bank of England takes action over Visa outage

The Bank of England is to take supervisory action against Visa following a widespread outage last year that disrupted payments for millions of shoppers across Europe.

Philadelphia bans cashless stores

/payments

Philadelphia bans cashless stores

Philadelphia has become the first major US city to ban cashless stores and restaurants in a move designed to end discrimination against the unbanked.

Amazon talks to Mexican central bank about govt-backed m-payments system

/Eftpos

Amazon talks to Mexican central bank about govt-backed m-payments system

The Mexican central bank is in talks with Amazon about support for a new government-backed QR code-based mobile payments service, according to Reuters.

Barclays to merge BPay and Pingit apps

/payments

Barclays to merge BPay and Pingit apps

Barclays is trying to boost its BPay wearable contactless payments product by merging it with the more popular Pingit money transfer app.

JPMorgan moves into POS financing space

/Eftpos

JPMorgan moves into POS financing space

JPMorgan Chase is preparing to move into the POS financing market, enabling customers to pay in installments for $500-plus purchases and run up loans on bigger ticket items.

Heidelpay continues on acquisition trail with Alpha-Cash takeover

/payments

Heidelpay continues on acquisition trail with Alpha-Cash takeover

Germanic payments service provider heidelpay has acquired point-of-sale terminal supplier Alpha-Cash, its sixth acquisition since private equity firm AnaCap bought a controlling stake in the firm in 2017.

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