The Western Union Company, a leader in global payment services, has announced the launch of a new mobile money transfer service to Nigeria, which increases the reach of Western Union payout options in the country. The new service to Nigeria integrates directly with Paga, the leading mobile payment platform in Nigeria, with more than 1.2
The bank-led mobile payment scheme Digicash has launched a pilot-project using the Beacon model in Luxembourg. Digicash Beacon devices at the point of sale combine Bluetooth, NFC and QR Code technologies. For payers, this new feature is integrated with Digicash Apps that are issued by retail banks. Payments are made using SEPA Credit Transfers straight
The Central Bank of Nigeria (CBN) has announced new guidelines that will subject banks using third party electronic payment solutions not been licensed by the central bank NGN10 million (US$60,000). The new guidelines on spell out the roles and responsibilities of all stakeholders in the end-to-end electronic payment of salaries, pensions, suppliers and taxes. “When
There’s a new kid on the block in the payments environment that promises to deliver even greater convenience and practicality. It’s called ‘Bluetooth Low Energy’, or BLE, and it’s based on technology which is over a decade old. Be that as it may, BLE promises to revolutionise the way consumers and retailers interact – but
While PayPal is better known and long-established, 13 challenger brands including Square and Amazon Payments are gaining recognition and credibility in the rapidly changing payments marketplace, according to Merchant Paymentality, a Cogent Reports study from Market Strategies International. “Currently, PayPal is the only alternative web- and mobile-based payment processing provider among a field of 35 competitors to earn ‘Star’
The PCI Security Standards Council (PCI SSC), an open global forum for the development of payment card security standards, has announced new online training courses aimed at educating companies about how to keep their customers’ payment data secure, and how to become and remain compliant with PCI Security Standards. These courses, developed in response to
FTS has launched the FTS Smart Payments Enabling Solution to deliver smooth and effective card payment processing, digital merchant acquiring and revenue sharing procedures within the e-commerce and the m-commerce arenas. FTS’ Smart Payments Enabling Solution automates the billing and settlement functionality of payment systems, working with payment service providers (PSPs), independent sales organizations (ISOs),
South Africans are abandoning cash for card payments, cutting banking costs by reducing the need to transport money, according to First National Bank (FNB). The bank reported in December card payments were ZAR3 billion (US$289 million) higher than cash withdrawals, though this had fallen again by January. “The gap between purchases made with banknotes compared
WorldPay, a global leader in payment processing, risk and alternative payments, has partnered with e-Document solution provider Anachron to enable merchants to pay e-Invoices in real-time. Anachron is one of Europe’s leading e-Document service providers, specialising in cutting edge solutions for B2B and B2C electronic document presentment. The new Anachron and WorldPay paperless billing solution
The Mt. Gox Bitcoin exchange has filed for bankruptcy protection in Japan, according to an AFP report, days after it went offline. Earlier this week the website of Bitcoin exchange Mt. Gox had been taken down amid rumours of a hack or security breach resulting in the theft of Bitcoins, while six major Bitcoin exchanges
