Eftpos

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ReD in the Pink as it enters UK gift card market

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ReD in the Pink as it enters UK gift card market

UK card operator and payments processor Retail Decisions (ReD) is entering the UK pre-paid gift card market through a partnership with shirt maker Thomas Pink.

NY commuters to trial contactless payments on buses and trains

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NY commuters to trial contactless payments on buses and trains

MasterCard is working with transport operators in New York on a contactless payments trial that will enable customers to use devices such as cards, key fobs and mobile phones to pay fares on buses and trains.

Verifone reports Bank of China contract

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Verifone reports Bank of China contract

State-owned Bank of China has contracted with US eftpos vendor Verifone for the supply of nearly 16,000 wireless and countertop payment terminals.

MasterCard and Altair team for 'Brits' pre-paid card giveaway

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MasterCard and Altair team for 'Brits' pre-paid card giveaway

MasterCard says it is teaming up with pre-paid card outfit Altair Financial Services to give away limited edition contactless cards at next week's UK music awards ceremony, the Brits.

Hypercom moves to buy Thales card payment unit as Ingenico steps aside

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Hypercom moves to buy Thales card payment unit as Ingenico steps aside

Arizona-based e-payments firm Hypercom says it has executed a deal to acquire a card payments unit from Thales. At the same time Hypercom's own suitor - France's Ingenico - has abandoned a bid to buy its business.

Ingenico bids for Hypercom

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Ingenico bids for Hypercom

French eftpos outfit Ingenico has made an unsolicited all-cash bid to acquire rival US e-payments firm Hypercom for around $332 million, but the deal is contingent on the Arizona-based vendor dropping a proposal to acquire a card payments business from Thales.

Asian Development Bank to bring e-banking to rural Vanuatu

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Asian Development Bank to bring e-banking to rural Vanuatu

Manila-based Asian Development Bank (ADB) says it has secured funding for a project that will provide people living in rural areas of South Pacific Island of Vanuatu with access to "branchless banking" and card payment services.

Monitise sees H1 losses widen on product development costs

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Monitise sees H1 losses widen on product development costs

Shares in UK mobile banking outfit Monitise slumped after it reported a tripling of losses in its fiscal first half due to higher product development costs and slower-than-expected customer uptake.

Gemalto supplies NFC service management system to Taiwan Mobile

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Gemalto supplies NFC service management system to Taiwan Mobile

Taiwan Mobile has contracted with European vendor Gemalto for the supply of a near field communication (NFC)-based system that will enable it to remotely register, issue, manage and terminate mobile services - including payments - for its customers.

Revolution Money inks card processing deal with Fifth Third

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Revolution Money inks card processing deal with Fifth Third

Revolution Money, a Web 2.0 interchange-free payment platform launched in the US last year, has recruited Fifth Third to provide processing services for its "anonymous" PIN-based credit card.

NAB to launch SMS banking service

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NAB to launch SMS banking service

National Australia Bank (NAB) is gearing up to launch a SMS-based mobile banking service that will enable customers to access account information using their mobile handsets.

CBA implements Vivotech technology for mobile PayPass pilot

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CBA implements Vivotech technology for mobile PayPass pilot

Commonwealth Bank of Australia (CBA) is using technology from Silicon Valley-based NFC outfit Vivotech for its trial of contactless mobile phone payments, which is being conducted in partnership with MasterCard.

Halifax facing chip and PIN fraud lawsuit

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Halifax facing chip and PIN fraud lawsuit

UK high street bank Halifax is facing a lawsuit brought by a customer who claims that fraudsters cloned his chip-based card and withdrew £2100 from his account at ATMs.

Intuit returns to acquire Echo

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Intuit returns to acquire Echo

Intuit is to acquire Electronic Clearing House (Echo) for $131 million in cash, nine months after terminating a previously-agreed $142 million offer for the US payment processor.

Hypercom to buy Thales' card payments business; appoints new CEO

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Hypercom to buy Thales' card payments business; appoints new CEO

Payments technology vendor Hypercom has begun talks with Thales to acquire its e-Transactions business division for $120 million plus an additional performance related earn-out of up to $30 million. Separately, Hypercom has made several new board appointments and promoted Philippe Tartavull to president and CEO of the company, replacing William Keiper who resigned in July.

Verifone eyes Pay By Touch

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Verifone eyes Pay By Touch

Troubled eftpos vendor Verifone is looking to acquire the assets of Pay By Touch, the California-based biometric authentication firm currently facing bankruptcy.

DnB Nor, MasterCard and Telenor in mobile payments trial

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DnB Nor, MasterCard and Telenor in mobile payments trial

Norwegian banking group DnB Nor is partnering with MasterCard and local telco Telenor to launch a public trial of near field communications (NFC)-based contactless mobile payments technology.

Allied Irish in merchant acquiring JV with First Data

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Allied Irish in merchant acquiring JV with First Data

Allied Irish Banks (AIB) has signed an agreement with US e-payments firm First Data to establish a Dublin-based merchant acquiring joint venture.

Mobile operators to trial NFC payment services

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Mobile operators to trial NFC payment services

The GSMA - an international trade group of mobile operators - says trials of NFC-based contactless mobile payment technology will be conducted by 12 telcos around the world over the next few months as a precursor to the launch of commercial services.

Halifax begins contactless card roll out

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Halifax begins contactless card roll out

UK high street bank Halifax has begun issuing contactless debit cards featuring Visa payWave technology to around 25,000 customers in London.

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