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Ireland to increase contactless payment limits across all retail outlets by 1 April

Banking & Payments Federation Ireland (BPFI) have today said that several parties including banks, retailers and technology companies are working closely together on the rollout of the increased contactless payment limit from €30 to €50 with the aim of delivering the new increased limit across all retail outlets nationally by April 1st.

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.

/payments

SumUp to offer free mobile payments to EU merchants

As Europe moves into COVID-19 lockdown - affecting small businesses and retailers everywhere - SumUp, the London-headquartered fintech and leading provider of digital payments solutions, is announcing free ​Mobile Payments​, as an alternative and innovative payment solution for its merchants.

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.

/payments

Nexo Standards welcomes Saudi Payments

nexo standards, the international association dedicated to enabling global interoperability in payment acceptance, today welcomes Saudi Payments as its latest Principal Member and the first in the association’s history from the Kingdom of Saudi Arabia.

/retail

Kreditch rebrands as Monedo

International online direct lender and Point-of-Sale (POS) financing provider Kreditech today announced it is rebranding its name to Monedo, as it looks to further grow its position in the Indian, Polish, Russian and Spanish near-prime lending markets.

/payments

Truevo launches point-of-sale product in UK, Ireland and Malta

Full-service card acquirer and payment service provider, Truevo, has announced the launch of their point of sale solution into the United Kingdom, Ireland and Malta today.

/payments

Helsinki public transport goes contactless

Littlepay today announces it has won a contract with Helsinki Regional Transport. In a project spanning three years, completing in 2023, our transit payment gateway will enable contactless EMV payments on all transport modes in Finland’s vibrant capital and some other cities in Finland.

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.

/payments

Russia's MIR payment network expands into Tajikistan

The acceptance of MIR National Payment System (MIR) cards has been announced in Tajikistan, opening up access to Russians who live in, or travel to, the country.

/payments

Wordline wins Subway contract

Worldline [Euronext: WLN], the European market leader in payment and transaction services, has been selected to provide state-of-the art payment solutions to Subway® restaurants across Europe.

/Eftpos

SumUp to issue payment card for merchants

SumUp, the UK-based financial technology company, has today announced the launch of its first-ever card for business payments, in partnership with Mastercard.

/payments

Restaurant POS firm Toast raises $400m

Toast, the fastest-growing restaurant management platform in the U.S., today announced a $400M Series F funding round led by Bessemer Venture Partners, TPG, Greenoaks Capital, and Tiger Global Management with participation from Durable Capital Partners LP, TCV, funds and accounts advised by T. Rowe Price Associates, G Squared, Light Street Capital, Alta Park Capital, and others.

/Eftpos

Fiserv introduces Clover scan to pay tech

Restaurants can offer guests a more efficient, flexible, and secure payment experience with Scan to Pay, a first of its kind feature available with the Clover platform from Fiserv, Inc., (NASDAQ: FISV), a leading provider of financial services technology.

/payments

RaPay launches QR code-based merchant payment system

RaPay is proud to announce the launch of its digital payment system, a new platform designed to reduce merchant settlement times associated with taking Debit Card payments.

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