Visas acquired South Africa-based m-payments player Fundamo in 2011, signalling a major strategic move in the region for the network Towards the end of last year, Hannes van Rensburg, CEO of Fundamo, couldnt have been clearer in predictions for 2012
In May, Fiserv and Earthport announced that they had gone into a partnership to offer a cross-border payments clearing service for low-value payments Fiserv is going to integrate Earthports cross-border service into Fiservs PEP solution, which enables users to generate and receive real-time ACH payments
Deutsche Bank has appointed the former head for transaction banking for Standard Chartered Bank in Taiwan, Carl Wegner, to run its global transaction banking (GTB) business in Mainland China, Hong Kong and Taiwan as part of the banks plans to grow the business division in Asia.
Now the bank has updated its mobile banking app offering with GetCash, a feature of the app that can generate a six-digit PIN which customers of both RBS and its subsidiary NatWest can now use to withdraw up to GBP100 from ATMs without the requirement for a card.
Facebook has updated its mobile payments system to make the check out process easier and faster. The updated version of the m-payments system now has just two, instead of seven, steps involved in the purchase payment process. Facebook has labeled it a low-friction carrier billing service that is already available in the US, the UK and will be rolled out in other countries as well, a blogger for Facebooks developer site wrote.
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POS and ATM clearing transactions via Equens WAY4 payment platform have sky rocketed in the past two years, rising from 2m transactions per day to 11.8m to date. Equens put the success of its payments platform, which includes accounting transactions, fee calculations, transaction validations and currency conversions, down to two reasons: a wider merchant network, which it has been growing across Europe, and SEPA.
Judging by its latest moves, it was only a matter of time and now PayPal has indeed launched an in-store payments service in the UK. Instead, consumers will need to download the PayPal app and enter a PIN each time they want to make a purchase
The event covered in-depth the role of social media in banking, the future of prepaid, loyalty and rewards, and international acquiring The 25th annual VRL Cards and Payments Europe conference welcomed many of Europes leading payments professionals to Barcelona last week to discuss and share expertise and celebrate the best products and services of the past twelve months.
ACI has upgraded its ACI Money Transfer System and built it so it can be deployed faster for high value and SEPA payments processing as well as messaging services worldwide. ACIs Money Transfer System is therefore now available as a pre-packaged solution that can support various payment types and messaging services, such as SWIFT, ACH and SEPA.