Eftpos

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UK embraces contactless payments

/Eftpos

UK embraces contactless payments

Total UK contactless spending rose by nearly a third last year to £69 billion, with tap and pay now accounting for more than 40% of all card transactions, according to industry figures.

Barclaycard opens up to Alipay

/payments

Barclaycard opens up to Alipay

Barclaycard, which processes nearly half of the UK’s credit and debit card transactions, has extended an existing provisional agreement with Alipay, enabling retailers across the country to accept the Chinese payment app at the point-of-sale.

/payments

POS credit platform CreditDigital secures £2 million funding

A B2B lending platform has secured a £2 million investment from London-based VC fund Fuel Ventures. The new platform allows businesses the ability to spread the cost of their purchases over 12 months, while their suppliers are paid upfront and in full.

/startups

Australian POS financing startup PayRight raises $30+ million

Australian fintech PayRight has raised over $30 million through a mix of debt and equity, with just over $26.5 million secured in the past 12 months led by corporate advisory firm Henslow in partnership with wealth manager Escala Partners.

FSS acquires 46% stake in Standard Bank subsidiary Ecentric

/Eftpos

FSS acquires 46% stake in Standard Bank subsidiary Ecentric

Indian-headquartered Financial Software and Systems (FSS) has acquired a 46% stake in Standard Bank's South African payment processing subsidiary Ecentric.

NatWest pilots biometric payment card

/Eftpos

NatWest pilots biometric payment card

UK bank NatWest is piloting in-card biometric technology that lets customers verify point-of-sale transactions with their fingerprints.

Bank of England takes action over Visa outage

/regulation

Bank of England takes action over Visa outage

The Bank of England is to take supervisory action against Visa following a widespread outage last year that disrupted payments for millions of shoppers across Europe.

Philadelphia bans cashless stores

/payments

Philadelphia bans cashless stores

Philadelphia has become the first major US city to ban cashless stores and restaurants in a move designed to end discrimination against the unbanked.

Amazon talks to Mexican central bank about govt-backed m-payments system

/Eftpos

Amazon talks to Mexican central bank about govt-backed m-payments system

The Mexican central bank is in talks with Amazon about support for a new government-backed QR code-based mobile payments service, according to Reuters.

Barclays to merge BPay and Pingit apps

/payments

Barclays to merge BPay and Pingit apps

Barclays is trying to boost its BPay wearable contactless payments product by merging it with the more popular Pingit money transfer app.

/Eftpos

Barclaycard and China UnionPay ink UK card acceptance partnership

Barclaycard, which processes nearly half of the UK’s credit and debit card transactions, today announces a new card acceptance partnership with UnionPay International, a subsidiary of China UnionPay.

JPMorgan moves into POS financing space

/Eftpos

JPMorgan moves into POS financing space

JPMorgan Chase is preparing to move into the POS financing market, enabling customers to pay in installments for $500-plus purchases and run up loans on bigger ticket items.

/payments

Affirm to be embedded at Walmart

Affirm, Inc., the financial technology company that provides transparent and consumer-friendly payment alternatives to cash and traditional credit, today announced a partnership with Walmart that will give shoppers the option of using Affirm to pay for their purchases over time at nearly 4,000 Supercenters nationwide.

/Eftpos

Class action suit nets US merchants $6.24 billion rebate on Visa/Mastercard fees

This notice is authorized by the U.S. District Court for the Eastern District of New York to inform merchants about an agreement to settle a class action lawsuit that may affect them.

Heidelpay continues on acquisition trail with Alpha-Cash takeover

/payments

Heidelpay continues on acquisition trail with Alpha-Cash takeover

Germanic payments service provider heidelpay has acquired point-of-sale terminal supplier Alpha-Cash, its sixth acquisition since private equity firm AnaCap bought a controlling stake in the firm in 2017.

Family Feud: Nigeria's OyaPay closes over investor dispute

/Eftpos

Family Feud: Nigeria's OyaPay closes over investor dispute

OyaPay, a Nigerian mobile-based point-of-sale startup, has shut down after a year in business thanks to a funding dispute with one of the founder's family members.

Eftpos malware attack hits 136 US stores

/Eftpos

Eftpos malware attack hits 136 US stores

Eftpos supplier North County Business Products has been hit by a malware attack that infected the sites of 136 clients across the US and lifted comprehensive payment card details from shoppers.

US cities look into banning cashless stores

/payments

US cities look into banning cashless stores

The US push back against cashlessness has begun in earnest, with several cities and states taking steps that could force stores and restaurants to accept paper money.

/Eftpos

JCB extends its reach across Europe with JCC Payment Systems

JCB International, Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., and JCC, the largest face to face acquirer in Cyprus, today announced the signing of a joint licencing agreement enabling JCB cards to be used at all JCC POS systems, ATMs and online touch points across Cyprus and Greece.

/Eftpos

Mastercard and Fidesmo collaborate on wearable payments

Tokenized payments through wearables are taken to the next level when Mastercard and Fidesmo collaborate in the Nordics.

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