SWIFT’s FIN traffic rose to an all-time high of 7.1 billion messages in 2017, fuelled by double-digit growth in global payments. While SWIFT’s FIN traffic grew by 9% over the year, FIN Payment traffic rose by 12%, driven by growth across all regions and the adoption of SWIFT’s gpi service. With an average of 28.14
Gemalto, a leader in digital security and payment card supplier, has joined forces with Entrust Datacard, a leading provider of trusted identity and secure transaction technology solutions, to provide a unique, SaaS-based instant issuance solution for U.S. financial institutions. Instant issuance is a must-have for financial institutions In 2006, instant issuance began to penetrate the
DBS Bank India (DBS) has announced its partnership with Samsung Electronics for its payment platform Samsung Pay. This partnership will enable DBS debit card holders to make contactless payments using their Samsung smartphones. With Samsung Pay, DBS customers can widely use their smartphones as majority of Point of Sale (PoS) terminals in India are Magnetic
Visa has announced that it upgraded the point-of-sale (POS) terminals of select Minneapolis-based small businesses, helping create quicker, easier and more seamless payment experiences for their customers. Visa has also upgraded 700 concessions and retail POS terminals within U.S. Bank Stadium. As the preferred payment provider of the NFL, Visa is helping these merchants upgrade
Ingenico Group, the global leader in seamless payment, and Shangri-La Hotels and Resorts, one of the world’s premier hotel companies, has announced an extension of their global partnership that sees Ingenico integrate native, in-app payment functionality into Shangri-La’s next generation mobile app. With the new Shangri-La Mobile app, guests can easily book rooms, access mobile
The PCI Security Standards Council (PCI SSC) has announced a new PCI Security Standard for software-based PIN entry on commercial off-the-shelf devices (COTS), such as smartphones and tablets. The PCI Software-Based PIN Entry on COTS (SPoC) Standard provides requirements for developing secure solutions that enable EMV contact and contactless transactions with PIN entry on the
Seven mobile wallets, acquirers and payment networks, including Diners Club, EZi Wallet, EZ-Link, Liquid Pay, Mastercard, UnionPay International and Wirecard, have formed a consortium to enable interoperable QR payments in Singapore for consumers and merchants. In line with SG QR, the consortium will jointly support an interoperable QR framework that allows customers the ease and
Diamond Mines, Caprice, Ahava cosmetics and others are among the first businesses in the Middle East to offer instore payments with Alipay’s digital wallet. Tel Aviv, Israel, Israel Credit Card (ICC, CAL) and OneBill have announced they will be cooperating with Chinese payment market leader Alipay to facilitate payments for Chinese visitors to Israel. The
Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), a leading commercial bank in Vietnam, has announced the successful migration of its debit card transactions to the TranzWare suite of products from Compass Plus. “Card migration to the TranzWare system has been implemented successfully through 2017. The migration not only helps to improve TranzWare’s
NCR Corporation, a global leader in omni-channel solutions, has announced that Union Bank of the Philippines (UnionBank), one of the country’s leading banks, will unveil its prototype branch under the bank’s digital transformation strategy. Located at the Insular Building along Ayala Avenue corner Paseo de Roxas Avenue in Makati City – the branch is powered
