Eftpos

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Family Feud: Nigeria's OyaPay closes over investor dispute

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Family Feud: Nigeria's OyaPay closes over investor dispute

OyaPay, a Nigerian mobile-based point-of-sale startup, has shut down after a year in business thanks to a funding dispute with one of the founder's family members.

Eftpos malware attack hits 136 US stores

/Eftpos

Eftpos malware attack hits 136 US stores

Eftpos supplier North County Business Products has been hit by a malware attack that infected the sites of 136 clients across the US and lifted comprehensive payment card details from shoppers.

US cities look into banning cashless stores

/payments

US cities look into banning cashless stores

The US push back against cashlessness has begun in earnest, with several cities and states taking steps that could force stores and restaurants to accept paper money.

Lloyds looks to unlock access to cash

/payments

Lloyds looks to unlock access to cash

In the wake of fierce criticism from politicians and consumer groups over the disappearance of ATMs and bank branches from the high street, Lloyds Banking Group is to run a pilot scheme which will offer retailers a fee for processing cashback transactions over the counter.

Card spending tipped to double as contactless becomes the norm

/Eftpos

Card spending tipped to double as contactless becomes the norm

Global card expenditure is tipped to almost double over the next four years as surging growth in contactless payments continues to push the plastic payment card into the low value cash market.

ACI acquires tech assets for omnichannel payments offering

/payments

ACI acquires tech assets for omnichannel payments offering

ACI Worldwide has bought technology assets from RevChip and TranSend to boost its UP Merchant Payments offering with new cloud-based, omni-channel in-store capabilities.

Nordea teams with Divido for point of purchase financing

/Eftpos

Nordea teams with Divido for point of purchase financing

Nordea is moving into the booming market for instant credit at the point-of-sale, striking a relationship with white label platform provider Divido.

Stripe raises $100m at $22.5bn valuation

/payments

Stripe raises $100m at $22.5bn valuation

Stripe has secured another $100 million in funding, this time from Tiger Global Management, boosting the payments firm's valuation to $22.5 billion.

AIB eyes EUR100m Payzone acquisition

/payments

AIB eyes EUR100m Payzone acquisition

Allied Irish Banks (AIB) is in exclusive talks to buy local payments outfit Payzone in a deal that could be worth EUR100 million, according to the Sunday Times.

Mobeewave tops up Series B round with Samsung Venture Investment

/Eftpos

Mobeewave tops up Series B round with Samsung Venture Investment

Canadian mobile contactless payments outfit Mobeewave has increased the size of its Series B funding round to almost US$20 million thanks to new money from Samsung Venture Investment Corporation.

Microsoft Wallet retires

/Eftpos

Microsoft Wallet retires

Bowing to the inevitable, Microsoft is killing off its contactless payments app for Windows phones.

Advent buys majority stake in Argentinian bank-owned payments firm

/payments

Advent buys majority stake in Argentinian bank-owned payments firm

Private equity giant Advent International is buying a 51% stake in Argentinian payments firm Prisma Medios de Pago from a consortium of local banks and Visa International in a deal valuing the company at $1.42 billion.

Church of England appraises 'digital collection plate'

/Eftpos

Church of England appraises 'digital collection plate'

The Church of England has teamed up with payments firm SumUp to trial a 'digital collection plate' that lets members of church congregations donate with their card or phone, rather than cash.

Klarna welcomes Snoop Dogg as new shareholder

/Eftpos

Klarna welcomes Snoop Dogg as new shareholder

Rap icon Snoop Dogg is joining POS financing house Klarna as a shareholder and the global face of a new advertising campaign, 'Get Smoooth'.

ABN Amro introduces wearable payments

/payments

ABN Amro introduces wearable payments

Following a successful trial, ABN Amro is offering all of its Dutch customers the chance to link their accounts to a host of wearable contactless payments devices.

Sberbank partners supermarket for fingerprint payments

/security

Sberbank partners supermarket for fingerprint payments

Russia's Sberbank has teamed up with supermarket chain Azbuka Vkusa to let shoppers pay for groceries with their fingerprints.

Criminal gangs use Fuze to store multiple stolen cards on one card

/security

Criminal gangs use Fuze to store multiple stolen cards on one card

Cash-out crooks have a new weapon in their armoury: the Fuze Card, which lets users store all of their (stolen) credit and debit cards on a single piece of plastic, the US Secret Service is warning.

Visa poaches Square head of payments

/payments

Visa poaches Square head of payments

Square has lost its head of payments, Mary Kay Bowman, to Visa, where she takes on the role of Head of seller solutions.

BBVA invests in invisible payments startup Grabango

/payments

BBVA invests in invisible payments startup Grabango

BBVA's investment arm has led a $12 million Series A funding round in checkout-free payments technology startup Grabango.

Mastercard bids to bypass own rails with Pay by Bank app promotion

/Eftpos

Mastercard bids to bypass own rails with Pay by Bank app promotion

Mastercard has recruited PPRO Group to help push the uptake of of its Pay by Bank app to merchants in the UK.

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