Latest Eftpos News: Finextra Research

PayPal buys mobile payments firm Paydiant

PayPal has agreed to buy Paydiant, a Boston-based startup that helps the likes of Subway, Capital One and retailer joint venture MCX build mobile payments, offers and loyalty into their apps.

02 March 2015

News/Eftpos

Ingenico introduces mPOS dongle for mobile wallet transactions

Ingenico has released an audio jack-based point-of-sale dongle that can accept payments made by mobile phone.

02 March 2015

News/Eftpos

Softcard confirms shut down

US telco-owned mobile payments venture Softcard has confirmed that is shutting down after selling off technology and intellectual property to Google.

27 February 2015

News/Eftpos

Visa and MasterCard report strong bank uptake for HCE-based mobile payments

Banco do Brazil, PNC Bank and US Bank are set to join the growing band of finacial services firms working with Visa to offer their customers HCE-based contactless mobile payments.

27 February 2015

News/Eftpos

Google said to prep Android Pay API

Google is preparing to launch a payments API that will enable third party developers to embed in-store and in-app payments within their apps, according to press reports.

26 February 2015

News/Eftpos

Target takes $162m hit on data breach expenses

Target has so far booked $162 million in expenses related to the data breach it suffered in late 2013 which saw thieves steal the card details of tens of millions of customers.

25 February 2015

News/Eftpos

Google bids to breathe life into Wallet through telco partnership

Google is attempting to revive its flagging mobile wallet service by getting its app pre-installed on handsets sold by America's biggest telcos. In addition, the firm is buying technology from its telco-owned rival, Softcard, which looks set to be killed off.

23 February 2015

News/Eftpos

Federal payments portal opens up to digital wallets from PayPal and Dwolla

Pay.gov, the US Government's Web portal for collecting payments for federal agencies, has opened up to digital wallets from PayPal and Dwolla, as part of an ongoing effort to move away from paper-based processes to more efficient and secure electronic transactions.

19 February 2015

News/Eftpos

Samsung prepares for Apple Pay battle with LoopPay acquisition

Samsung has agreed a deal to buy mobile wallet outfit LoopPay, giving the electronics giant a new weapon in its brewing battle with Apple for the m-payments market. Financial terms have not been disclosed.

18 February 2015

News/Eftpos

European surge in contactless payments opens the door to mobile

MasterCard is betting that a surge in the use of contactless cards across Europe will act as a gateway for the mass adoption of mobile phone payments.

18 February 2015

News/Eftpos

Mobeewave secures $6.5 million SBT investment round

NFC payments startup Mobeewave has secured a $6.5 million funding round led by SBT Venture Capital.

16 February 2015

News/Eftpos

Comedians go contactless for Red Nose Day

Brits will be able to make a donation to Comic Relief this year by tapping their contactless cards against statues of some of the country's best know comedians.

13 February 2015

News/Eftpos

Visa launches mobile location service to cut declined card payments

In an effort to cut unnecessary purchase declines, Visa is set to start identifying cardholders when they make purchases on their travels through mobile phone geo-location data.

13 February 2015

News/Eftpos

Finovate Europe 2015 - Day 2 Roundup

The second and final day of Finovate Europe saw 32 startups take the stage to try and impress a packed crowd of fintech VCs, journalists, bankers and experts. PFM, mobile payments and wealth management all made an appearance, often to a critical audience - while other firms attempted to push the boundaries of fintech, causing a huge buzz within Old Billingsgate and on social media.

11 February 2015

News/Eftpos

Icici unveils Pockets mobile wallet

As it prepares to face a host of new competitors, Icici Bank has set out its pitch to India's millennials with a new mobile wallet called Pockets.

11 February 2015

News/Eftpos

Contactless and US EMV adoption drives global smart card growth

More than 1.5 billion smart payment cards were shipped in 2014 as the rise of contactless and America's migration to EMV technology drove growth.

05 February 2015

News/Eftpos

PayPal's offline chief quits

The man behind PayPal's move into the bricks and mortar world, Don Kingsborough, has quit the firm, admitting it has come up short in its efforts to move beyond online payments.

04 February 2015

News/Eftpos

MasterCard opens Indian Tech Hub

Fresh from its acquisitions last year of C-Sam and ElectraCard Services, MasterCard has opened its largest Tech Hub outside of the US in Pune, India.

04 February 2015

News/Eftpos

Contactless payments arrive on Coronation Street

Visa Europe has signed a six-figure product placement deal with British television network ITV that will see contactless payments get high profile outings on prime-time soaps Coronation Street and Emmerdale.

30 January 2015

News/Eftpos

Swyp bids to replace wallets with a single card

Swyp has become the latest startup to promise to replace the credit, debit, gift and loyalty cards in customers' wallets with a single card and app combo.

27 January 2015