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.
Opera Commerce, a fully-owned subsidiary of Opera Software, and Nazara Technologies, a leading mobile games developer and publisher, have come together to provide a secure and easy mobile payment solution for Opera Mini users. As a result of this partnership, Nazara will deploy the Opera Payment Exchange (OPX) to enable Opera Mini users in India,
Tanzania Ports Authority (TPA) has automated its billing and payment system, a move that seeks to improve revenue collections and transform the authority’s operations to paperless. According to TPA’s Acting Director of Information and Communication Technology, Phares Magesa, the electronic payment system that has started with CRDB bank, will in the next two weeks, be
The publication of the first ever Payments Roadmap – An Initial Report spells out the Payments Council’s revolutionary approach towards assessing the options for building on the world leading payment services currently used by UK customers. The Roadmap will be a ground breaking document, and is designed to be a mechanism to shape the nation’s
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
The government through the Kenya ICT board, Communications Commission of Kenya (CCK) and Directorate of E-government, held a forum with stakeholders to sensitise them on what it will take to secure online transactions. Public Key Infrastructure (PKI), is the national system that the government is implementing to provide digital certification services. Through the Public Key
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
Mr Seth Terkper, Minister for Finance and Economic Planning in Ghana, has stressed the need to improve confidence in electronic payments systems and infrastructure and to encourage the patronage of alternative payments systems. Mr Terkper said effective payments systems were necessary for the effective implementation of monetary and fiscal policies as well as for financial
