Gemalto, a leader in digital security, has announced several new projects in the last month which it will be undertaking. Gemalto Enables EMV Payment for Telefónica-MasterCard Joint Venture in Brazil Firstly they will be supplying prepaid EMV payment cards to Mobile Financial Services (MFS), the joint venture formed by Telefónica and MasterCard Worldwide. The launch
The American Bankers Association released a report for policymakers on the rapidly evolving payments marketplace. The report, developed by ABA’s Emerging Payments Advisory Group, identifies three key areas for consideration: consumer protections, payment system integrity and competitive equity. The advisory group, made up of senior executives from community, regional and large banks, met earlier this
Over the past weeks Mt. Gox has experienced rising volumes of deposits and withdrawals from established and upcoming markets interested in Bitcoin. This increased volume has made it difficult for their bank to process the transactions smoothly and within a timely manner, which has created delays for global customers. This is especially so for those
Starbucks, Barclaycard Global Payment Acceptance and Visa Europe confirmed that over 550 company owned Starbucks stores in the UK accept contactless payments, making it even faster and easier for customers to buy their morning coffee. Starbucks follows Marks and Spencer, Co-Op, Post Office, Boots, McDonalds and other major national retailers in the move to contactless.
NCR Corporation, the global leader in consumer transaction technologies, is the world’s largest supplier of retail self-checkout (SCO) technology, according to new research published by strategic research and consulting firm RBR. RBR’s “Global EPOS and Self-Checkout 2013” report shows that 2012 was another record year for SCO shipments, with NCR the clear market leader in
MasterCard and the Western Union Company announced a dedicated international payments service that will increase the flexibility with which small and medium-sized businesses can conduct cross-border trade. The new direct foreign exchange capability will be provided by Western Union Business Solutions, the business payments unit of the Western Union Company, and available to all companies
Ingenico leading worldwide provider of payment solutions, announced that it will support, along with Banco Nacional de México, Banamex, one of the leading financial institutions in Mexico, the deployment of the new contactless payment technology. Banamex is the first bank implementing this payment technology throughout the country, offering state-of-the-art technology to its customers. After some
The growth in the use of electronic payment products, such as credit and debit cards, added $983 billion to the Gross Domestic Product (GDP) of the 56 countries examined between 2008 and 2012, according to a study conducted for Visa by Moody’s Analytics, a leading independent provider of economic forecasting. The study of 56 countries
New Mercator Advisory Group report identifies markets and market drivers behind four types of alternative currencies. Alternative currencies typically evolve when threats or economic problems occur and stabilization efforts are perceived as necessary. Few, however, have staying power. A review of various alternative currencies (operating either only in the U.S. or globally) suggests traditional payments
Ogone, a leading global online payment services specialist, has upgraded its online payment fraud protection package with the latest detection technology tools and launched a new product, Ogone Fraud Expert™. Merchants are being offered improved protection against online fraudsters which features the added benefit of helping those merchants increase their online payment revenues by reducing
