Eftpos

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/Eftpos

PAX Android terminals receive UK Finance approval and RNIB certification

PAX Technology, the world’s leading electronic payment terminal solution provider, has received certification by the Royal National Institute of Blind People (RNIB), a United Kingdom charity, for accessibility and usability of new generation payment devices by blind and partially sighted people.

/payments

Barclays reports seven million transactions in higher contactless band

Less than a month since the introduction of the new £45/€50 contactless limit in the UK and Ireland, Barclaycard, which handles half of all contactless transactions in the UK, has processed over 7 million contactless payments above the previous limit of £30/€30, and up to the new £45/€50 limit.

LG CNS trials pay-by-face with digital currency

/crypto

LG CNS trials pay-by-face with digital currency

South Korea's LG CNS is trialling a pay-by-face system at its staff cafeteria that uses AI, blockchain and cloud technology to let people pay with a special "community currency".

/payments

Azer Turk Bank deploys Eftpos kit from Ashburn International

The Azerbaijani state-owned bank Azer Turk Bank has procured a TransLink.iQ solution for EFTPOS networks monitoring and managing, developed by Lithuanian company ASHBURN International.

/payments

PAX tweaks price strategy to encourage self-service transactions

PAX Technology, the world’s leading manufacturer of point of sale terminal solutions, communicated a more flexible commercial model last week, for the state-of-the-art IM20 and IM30 unattended payment modules, to its EMEA region customers in a bid to help boost self-service transactions and promoting convenient contact-free payment experiences following the global coronavirus pandemic.

/security

Auriga acquires security tech from S21sec

Auriga, a leading supplier of technological solutions for the omnichannel banking and payments industries, announces the acquisition of Lookwise Device Manager (LDM), a modular security platform and cybersecurity business unit from S21sec, a leading European managed security services player.

/security

European payment terminal fraud up 35% in 2019

The European Association for Secure Transactions (EAST) has just published a European Payment Terminal Crime Report covering 2019 which reports that terminal fraud attacks were up 35%.

/payments

Sticpay introduces prepaid card

Fintech company Sticpay introduces the prepaid Stic Card for its award-winning e-wallet solution. Sticpay users can now harness the benefits of the Stic Card to withdraw and spend their funds in a fast, cheap, and convenient way.

/payments

Maybank launches QR payment terminal

Against the current backdrop of social distancing measures and temporary branch closures, merchants and the public are encouraged to use contactless digital payments.

CBA reports surge in digital wallet transactions

/payments

CBA reports surge in digital wallet transactions

Commonwealth Bank of Australia has recorded a surge in mobile payment transactions at the POS, as consumers reach for their phones to avoid touching PIN pads during the Coronavirus outbreak.

/payments

Tech constraints hobble ASB contactless limit raise

The New Zealand Payments Industry today announced that contactless payments can now be made up to $200 without the need for a PIN.

/payments

Mastercard advocates higher contactless limits across the globe as PIN-less transactions surge

Mastercard’s unwavering commitment to making transactions more convenient, safe and seamless through tap-and-go card payments has taken on new urgency and importance as the spread of COVID-19 highlights the imperative for “contact-free” environments and experiences as much as possible.

/payments

Rubean and CCV introduce PhonePOS for Androind handsets

Rubean and CCV, in partnership with Intertrust and Riscure, today announced the launch of a jointly developed contactless payment application that transforms Android handsets running 8.0 Oreo or later into contactless payment terminals, supporting PIN entry with no additional hardware.

Covid-19, cash, and the future of payments

/covid-19

Covid-19, cash, and the future of payments

Despite public concern that Covid-19 is being transmitted by cash, scientific evidence suggests the risk is low compared with other frequently touched objects, including PIN pads, says a bulletin from the Bank for International Settlements (BIS).

/payments

NatWest waives point-of-sale terminal fees during Coronavirus crisis

NatWest has announced that it is waiving monthly hire fees for Point-of-Sale terminals from its payments product Tyl until the end of 2020, adding to the range of support that the bank has launched for its SME customers during the current crisis, allowing businesses to offer a variety of payment options at a reduced cost.

/payments

Mastercard raises Canadian contactless limit to $250

Mastercard today announced it is enabling the increase of contactless payment limits across Canada, as people look for safer ways to pay in the wake of the COVID-19 (coronavirus) pandemic.

Payments revenue to enter negative territory

/payments

Payments revenue to enter negative territory

McKinsey is forecasting a dramatic decline in payments revenue as the Coronavirus crisis hits economic activity across the globe.

CaixaBank helps Covid-19-hit retailers sell over social media

/payments

CaixaBank helps Covid-19-hit retailers sell over social media

Spain's CaixaBank has moved to help retailers hit by the Covid-19 pandemic through the launch of technology that enables them to sell over social networks and messaging applications.

Thyngs unveils tool to ramp remote fundraising for charities

/payments

Thyngs unveils tool to ramp remote fundraising for charities

With charities facing a multi-billion pound Covid-19 shaped fundraising black hole, payments outfit Thyngs has teamed up with the Charities Trust on a new way to help the sector raise money from people stuck at home.

Bulgarian payment firms score funding

/payments

Bulgarian payment firms score funding

Bulgarian payment startups Paynetics and phyre have both closed funding rounds led by VC New Vision 3 and Bulgarian American Credit Bank.

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