Latest Eftpos News: Finextra Research

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).

06 April 2020

Company update/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.

03 April 2020

Company update/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.

02 April 2020

News/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.

02 April 2020

News/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.

01 April 2020

News/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.

01 April 2020

News/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.

27 March 2020

Company update/payments

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.

25 March 2020

News/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.

24 March 2020

Company update/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.

20 March 2020

News/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.

20 March 2020

News/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.

13 March 2020

News/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.

12 March 2020

News/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.

11 March 2020

Company update/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.

11 March 2020

Company update/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.

10 March 2020

Company update/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.

06 March 2020

Company update/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.

05 March 2020

News/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.

05 March 2020

News/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.

03 March 2020