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Visa buys Rambus tokenisation assets

/security

Visa buys Rambus tokenisation assets

Visa is beefing up its security credentials by buying the token services and ticketing business of chip maker Rambus. Financial terms of the deal were not disclosed.

/payments

Wirecard unveils palm scanner

Wirecard, the global innovation leader for digital financial technology, is reinforcing its position as a pioneer and trendsetter for cashless shopping solutions.

BBVA brings WeChat Pay to Spanish airports

/Eftpos

BBVA brings WeChat Pay to Spanish airports

China's WeChat Pay has landed in Spain thanks to a deal with local banking giant BBVA and travel retail operator Dufry.

/Eftpos

KaDeWe extends contract with Wirecard for cashless payments

Wirecard, the global innovation leader for digital financial technology, is expanding its cooperation with KaDeWe Group, operator of Germany’s most famous department stores for luxury products.

/regulation

UK authorities clear PayPal-iZettle deal

PayPal Holdings, Inc. (NASDAQ: PYPL) announced today that it welcomes the United Kingdom Competition and Markets Authority's (CMA) decision to provide final and unconditional approval of the company’s previously completed acquisition of iZettle.

/payments

POS financing startup Sunbit raises $26 million

Sunbit, a leading financial technology company that effectively transforms the process of financing in-store purchases for consumers across the credit spectrum, today announced a $26 million Series B round of equity funding, led by Zeev Ventures. Zeev Ventures Founding Partner, Oren Zeev, known for investments in Audible, Houzz, Chegg, TripActions, Tipalti and others, led the round, with participation from prior investors Group 11 (formerly SGVC), Chicago Ventures and other existing investors.

/payments

Stripe rolls out terminal across US

Today we’re excited to make Stripe Terminal available to all users in the US. Terminal is a set of SDKs, APIs, and pre-certified card readers that lets you extend your Stripe integration to accept in-person payments.

/payments

Klarna opens second UK office in central Manchester

Klarna — Europe’s leading payments provider and the company powering Pay later for thousands of brands in the UK — has today announced the expansion of its UK operations with a new office in Manchester.

/regulation

FCA clamps down on Buy Now Pay Later products

The Financial Conduct Authority (FCA) today confirmed it will introduce new rules in the Buy Now Pay Later (BNPL) market, saving consumers around £40-60 million a year.

/payments

SpotOn Transact raises $40m

SpotOn Transact, LLC (“SpotOn”), an innovative payments and software company, today announced $40 million in new funding led by Franklin Templeton, with significant participation from Dragoneer Investment Group.

/payments

Masabi unveils multi-format scanning device for contactless tap and ride ticketing

Masabi, the company bringing Software-as-a-Service (SaaS) ticketing and payments to public transport, today launched the Justride Validator – a feature rich multi-format ticket validation device for buses and trams, designed by Masabi so passengers can simply tap a contactless payment card, linked smartcard or mobile device to travel, without needing to purchase a ticket or understand fares.

/Eftpos

Alipay teams up with European mobile wallet operators

Six prominent mobile wallets across Europe, together with Alipay, announce today a collaboration to promote QR code-based digital payment interoperability for travelers both in Europe and from China.

/Eftpos

AmEx goes all in on contactless

American Express (NYSE: AXP) has joined forces with North America’s largest public transportation agency, New York’s Metropolitan Transportation Authority (MTA), to bring contactless payments to transit riders in New York City.

Millions of Brits go cashless amid rise of contactless and mobile banking

/payments

Millions of Brits go cashless amid rise of contactless and mobile banking

With mobile banking and contactless payments becoming ever more popular in the UK, one in 10 Brits now live a largely cashless life, according to figures from UK Finance.

/payments

SymphoPay and eMAG integrate interest-free installments programme with payment terminals

eMAG integrates SymphoPay's payment platform at all the showroom's Priority Pay machines.

/payments

Visa contactless payments come to Singapore Transit

From today, commuters can choose a faster and more convenient way to pay for public transport in Singapore by tapping their Visa contactless cards or compatible mobile devices at MRT stations or buses, as part of the Land Transport Authority’s (LTA) SimplyGo initiative.

/payments

Mastercard partner Yoyo to bring Pay by Bank app to the high street

Mastercard’s unique mobile payments service ‘Pay by Bank app’ has entered into a strategic partnership with payments, marketing and loyalty commerce platform Yoyo to deliver the most secure, fast and personally rewarding payments experience to its customers.

/Eftpos

Asian card spending in Europe soars

JCB International, Co., Ltd. (JCBI), the international operations subsidiary of major global payment brand JCB, today reveals a 63% growth in annual sales volume made by Asian cardmembers in Europe between 2017 and 2018, and a 45% global growth in total annual sales volumes in the past four years, now reaching over 130 million cardmembers worldwide.

Payment firms raise fears over EU security rules

/Eftpos

Payment firms raise fears over EU security rules

A lack of preparedness for the EU's new regulations on authentication could cost Europe's online economy more than €50bn according to a number of payment processors and e-commerce merchants.

/Eftpos

SMEs benefit from cashless payments says study

The trend of card payment at the point of sale (POS) continues in Germany: Today more than half (52%) of customers prefer to pay cashless. This development towards digital payment offers significant potential for increases in sales and efficiency as well as cost reduction for small and mid-sized enterprises (SMEs).

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