It’s a good news/bad news beginning to the week for the team at London-based mobile pay startup Paym. The good news: the U.K. bank-backed P2P mobile pay service has officially processed £300 million in transactions ($365 million). “Having now passed the £300 million milestone, it’s clear the...
Ingenico Group, a player in seamless payments, announced Monday (Oct. 24) that Ingenico Mobile Solutions, its mobile point-of-sale (mPOS) division, has launched the Moby/3000, a Bluetooth-enabled mPOS card reader equipped to accept both EMV chip-and-signature and magstripe transactions. While many mobile card readers still rely on audio...
FIS, a player in financial services technology, announced Wednesday (Oct. 19) the launch of BuyWay, a mobile payments platform that unites all points of contact within a transaction to deliver seamless, secure, personalized shopping experiences at thousands of gas stations and convenience stores across the...
Mobile payments news this week shows a contrast. In some countries, consumers feel that their lives are changed for the better by mobile and contactless payments, and they perceive added value in paying that way. But, in others, consumers still see little advantage in changing...
Kansas City Federal Reserve President Esther George has emphasized concerns with cybersecurity in U.S. payments networks. George said that threats were undermining public confidence in payments technologies. Two task forces are currently working on proposals for faster and more secure payments in the U.S.
TNS has announced two senior appointments. George Sirkel, former COO of TabbedOut, and John Tait, formerly Executive Director at Indue. Both executives have over 20 years’ experience in payments. Zirkel will steer global product, sales, development and operational teams while Tait will lead business across...
Consumers in the U.K. can now use contactless payments with Android smartphones thanks to a partnership between Vodafone and PayPal. Only Visa and Mastercard accounts could be used previously, but now, Vodafone Pay can complete a payment using PayPal and even when a device is...
Oberthur Technologies (OT) is partnering with payments service provider Nets to deliver support for mobile payments to Scandinavian banks. The collaboration, announced on Thursday (Oct. 6), is aimed at helping to service banks in the Nordics with a financial platform that supports future international mobile payment...
Emerging markets are hungry for technological innovation, and the IMF says that Africa is poised to be the epicenter of mobile payment adoption. Mastercard, in conjunction with the Bank of Kigali and RwandaOnline, are responding by bringing digital payments to Rwanda. Elsewhere, mobile payments highlights...