Mobile & online banking

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Cash continues to dominate POS payments in Europe

/Mobile & online banking

Cash continues to dominate POS payments in Europe

Supporters of digital payment schemes like to push the idea that a cash-free future is just around the corner, yet fully three-quarters of all Euro zone payments at the point-of-sale are still made in cash, according to the European Central bank.

/Mobile & online banking

Ingenico enables pay and order ahead service for burger chain Five Guys

Ingenico ePayments, the online and mobile commerce division of Ingenico Group, has today announced its innovative multichannel payment implementation with global burger restaurant, Five Guys.

/Mobile & online banking

InComm Japan partners with WeChat Pay

InComm, a leading prepaid product and transaction services company, announced today that InComm Japan is partnering with Tencent FiT (Financial Technology), the provider of WeChat Pay services and part of the Tencent group of companies headquartered in Shenzen, China.

WhatsApp makes P2P payments play in India

/Mobile & online banking

WhatsApp makes P2P payments play in India

Facebook-owned messaging service WhatsApp is advertising for a digital transaction lead with experience of UPI, Aadhaar and BHIM, in a move which is seen as the precursor to the launch of a peer-to-peer payments service in India.

/Mobile & online banking

Emirates NBD enables early access to Samsung Pay

Emirates NBD, a leading bank in the region, today announced its partnership with Samsung to provide early access to Samsung Pay, for the bank’s customers.

BNP Paribas to acquire 95% stake in French neo bank Compte-Nickel

/Mobile & online banking

BNP Paribas to acquire 95% stake in French neo bank Compte-Nickel

BNP Paribas is to acquire a 95% stake in Financière des Paiements Électroniques, which runs innovative French neo-banking startup Compte-Nickel.

Global progress towards digital money 'patchy' - Citi

/Mobile & online banking

Global progress towards digital money 'patchy' - Citi

Despite a concerted effort from governments, NGOs and the private sector, the world has made only patchy progress towards digital money readiness, according to a report from Citi and Imperial College London.

/Mobile & online banking

Turkish payments firm iyzico raises $13m

Online payment and fintech leader iyzico announced that it has closed its Series C round with $13 million investment led by Vostok Emerging Finance, a fund that comes from the same investment stable as Vostok New Ventures who’s investments include BlaBlaCar, Gett and Delivery Hero.

Amazon targets unbanked with new cash option

/Mobile & online banking

Amazon targets unbanked with new cash option

Amazon has launched a service that lets Americans top up their accounts by handing over cash at the physical locations of partner retailers.

/Mobile & online banking

WEX brings virtual credit cards to Singapore

WEX Inc. (NYSE: WEX), a leading provider of corporate payment solutions, today announced that it will begin issuing virtual credit cards in Singapore, expanding its program in the Asian region that currently includes Hong Kong and Thailand.

/Mobile & online banking

Cardtek partners Emcredit on mobile wallet for UAE residents

Cardtek, a leading international payment solutions provider, is pleased to announce its partnership with Emcredit, a subsidiary of the Dubai Economic Department (DED), to launch the secure mobile payment platform, emPAY, offering United Arab Emirates residents a national mobile wallet solution.

Ride-hailing app Grab buys Indonesian payments firm Kudo

/Mobile & online banking

Ride-hailing app Grab buys Indonesian payments firm Kudo

Southeast Asian ride-hailing app Grab has struck a deal to buy Indonesian digital payments outfit Kudo. Financial terms of the deal were not disclosed.

/Mobile & online banking

Members First Credit Union signs for Payveris digital payments platform

Payveris, a provider of next generation API centric digital payment solutions designed to empower U.S. banks and credit unions to stay relevant with their customers by transforming the way they deliver digital payment and money movement services, announces Brigham City, Utah-based Members First Credit Union (MFCU) has selected and launched Payveris’ digital payments platform to support MFCU’s digital payments and money movement strategy.

Lloyds shrinks hundreds of branches

/Mobile & online banking

Lloyds shrinks hundreds of branches

With customer visits plummeting, Lloyds Bank is shrinking the size of hundreds of its branches, ditching tellers in favour of tablet-yielding wandering staffers.

/Mobile & online banking

India's itzCash to deploy another 100,000 POS terminals at kirana stores

Now pay, transact and withdraw money at your local kirana store with ItzCash’s Point-of-Sale machine. ItzCash India’s leading player in the digital payment space and a pioneer in prepaid card industry, today, announced further investment and scale up of its Point-of-Sale terminals.

ANZ to use voice prints for mobile authentication

/Mobile & online banking

ANZ to use voice prints for mobile authentication

ANZ is to pilot the use of voice biometrics on mobile devices to automatically authorise high value payments.

CommBank hails Albert POS terminal

/Mobile & online banking

CommBank hails Albert POS terminal

Commonwealth Bank of Australia says that its decision to move into the point-of-sale hardware market two years ago has proved a success, with more than 75,000 terminals operating across the country.

Australian banks lose bitter battle with Apple Pay

/Mobile & online banking

Australian banks lose bitter battle with Apple Pay

The Australian Competition and Consumer Commission has denied authorisation to the Commonwealth Bank of Australia, Westpac, National Australia Bank, and Bendigo and Adelaide Bank to collectively bargain with Apple and boycott Apple Pay.

/Mobile & online banking

Samsung packs everything but the kitchen sink into Galaxy S8

Samsung Electronics Co., Ltd. introduces the Galaxy S8 and S8+ to the world, a smartphone that pushes the boundaries of traditional smartphones with its seamless hardware design and a variety of new service offerings.

/Mobile & online banking

FCA fines former investment banker for sharing confidential information over WhatsApp

The Financial Conduct Authority (FCA) has today fined Christopher Niehaus, a former investment banker, £37,198 for sharing client confidential information over WhatsApp. The FCA found that Mr Niehaus failed to act with due skill, care and diligence.

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