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POS/mPOS and online acquiring
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1115

Account takeover is EMV’s ‘silent’ risk

By Chris Pinion for PaymentsSource

I don’t think anyone anticipated the amount of account takeover (ATO) and new account fraud (often referred to as application fraud) that would occur in the wake of the EMV changeover.

(more…)

Analytics, Marketing Report, POS/mPOS and online acquiring, Security

December 17, 2016

1121

MasterCard to roll out pay-by-instalments in UK with Verifone

By Finextra

Mastercard today announced an important partnership with Verifone (NYSE: PAY), a global leader in payments and commerce solutions, to roll out a new instalment pay application at retailers across the UK. (more…)

Fintech news, POS/mPOS and online acquiring, SME

December 1, 2016

960

Stripe now worth more than $9 billion after raising $150 million

The investment round, first reported by The Wall Street Journal, was led by CapitalG and General Catalyst, and also included participation from existing investors including Sequoia Capital. Facebook investor Peter Thiel and Tesla founder Elon Musk have also invested in Stripe in previous rounds. (more…)

Deals, Fintech news, Payment processors/providers/gateways, POS/mPOS and online acquiring

November 26, 2016

1176

Alibaba-backed Paytm solves the problem of card payments in India

By  for TechInAsia

Chew on this: 740 million debit or credit cards have been issued in India. Only 700,000 merchants accept card payments. And there are only 1.5 million card-swiping machines – point-of-sale (POS) terminals – in the country. (more…)

Cashless, eWallets, Fintech news, India, POS/mPOS and online acquiring

November 23, 2016

988

Visa slams European plans for stronger online transaction authentication rules

By Finextra

Visa has lashed out at European Banking Authority (EBA) plans to toughen up authentication rules for online transactions over EUR10, claiming that they will lead to more declined transactions, complicated checkouts and abandoned purchases. (more…)

Fintech news, Government activities, Mobile payments/banking, POS/mPOS and online acquiring, Security, SME

November 22, 2016

783

Poor design and weak batteries are hurting mobile point of sale adoption

By Ben Wagner for PaymentsSource

A few years ago, there was considerable buzz in the retail industry about the enormous potential of mobile point of sale (mPOS) and its ability to transform the in-store customer experience.

(more…)

Analytics, POS/mPOS and online acquiring

November 17, 2016

1167

Stripe launches Works With Stripe, a directory of apps that integrate with its payments

By  for TechCrunch

Stripe, the company that competes against the likes of PayPal by letting businesses add payment services into their apps and websites with a few lines of code, is today launching a new directory that plays into its bigger ambition to position itself as not just a payment tech startup, but a wider platform for business services. (more…)

eWallets, Fintech news, Mobile payments/banking, Payment processors/providers/gateways, POS/mPOS and online acquiring

November 8, 2016

1078

Paysafe and ServiceMax target field service sector payments

By David Heun for PaymentsSource

Paysafe and ServiceMax have partnered to deliver online payment and mobile point of sale solutions to service providers that do a vast majority of their work in the field.

(more…)

Fintech news, Payment processors/providers/gateways, POS/mPOS and online acquiring

November 8, 2016

1287

Square has provided more than $1 billion in loans to businesses

By  for VentureBeat

In Square’s ($SQ) third quarter earnings, one figure that stood out was the fact that the company, as of September, has provided more than $1 billion in loans to businesses through its Square Capital program. This comes two years after the program’s launch and matches the speed of competitor PayPal, which hit the $1 billion mark in 2015. (more…)

Fintech news, POS/mPOS and online acquiring, SME

November 6, 2016

890

Payment companies that don’t share tech tools will fall behind

By Tony Ford for PaymentsSource

Even in the often-conservative financial industry, nearly every major player allows individual developers to access data streams and data sets. For example, Visa and MasterCard have dedicated developer sites where dozens of APIs can be accessed.

(more…)

About, Global trends, Mobile payments/banking, p2p-payments, POS/mPOS and online acquiring, Remittances

November 3, 2016

Flexiti Financial Raises $5M in Series A Funding

By FinSMEs

Flexiti Financial, a Toronto, ON, Canada-based provider of point-of-sale (POS) financing and payment technology for retailers, raised $5M in funding. (more…)

Deals, Fintech news, POS/mPOS and online acquiring

November 2, 2016

837

Square has provided more than $1 billion in loans to businesses

By  for VentureBeat

In Square’s ($SQ) third quarter earnings, one notable figure that stood out was the fact that the company, as of September, has provided more than $1 billion in loans to businesses through its Square Capital program. This effort comes two years after its launch and, by comparison, matches the speed of competitor PayPal, which hit the $1 billion mark in 2015. (more…)

Fintech news, POS/mPOS and online acquiring, SME

November 2, 2016

961

ayThink Have patience. EMV’s bumpy merchant migration is worth it.

By PaymentsSource

One year after EMV implementation in the US market, we have only seen less than 35% merchant penetration. (more…)

Fintech news, POS/mPOS and online acquiring, Security

October 30, 2016

1142

IBM Pay brings Watson to wallets

By Tanaya Macheel for PaymentsSource

IBM took the banking world by storm last month when it revealed its planned acquisition of Promontory Financial Group. Now, it has unveiled IBM Pay, a perhaps unexpected and yet unsurprising addition to the technology giant’s Watson Commerce unit. (more…)

eWallets, Fintech news, POS/mPOS and online acquiring

October 28, 2016

871

Spire Payments enters Spanish mPOS market with EURO 6000

By Finextra

Spire Payments, one of the world’s leading Fintech payment solution providers, has again demonstrated its market leading mobile payments experience by working in collaboration with EURO 6000 to launch an innovative mPOS solution called ‘Pinpago’ in Spain. (more…)

Fintech news, POS/mPOS and online acquiring

October 27, 2016

Dream Payments Receives $1.5M Investment Award as Winner of VentureClash 2016

By FinSMEs

Dream Payments, a Toronto, Canada-based fintech cloud enabling payments across mobile devices and the Internet of Things, received an investment of $1.5m as the winner of VentureClash 2016. (more…)

Deals, Fintech news, Mobile payments/banking, POS/mPOS and online acquiring, SME

October 27, 2016

780

TruRating brings customer ratings to the POS

By Finextra

TruRating, a global new mass-market ratings system offering an alternative model to TripAdvisor and Yelp! by giving customers a voice when they pay, has this week launched in North America. (more…)

Fintech news, POS/mPOS and online acquiring

October 26, 2016

843

Alipay targets Chinese tourists with US payment deals

By Business Times

[FRANKFURT] China’s Alipay is expanding its mobile payment app service into the United States through partnerships with payment processors First Data and Verifone, the latest deals in a global strategy to reach Chinese consumers travelling abroad. (more…)

China, eWallets, Fintech news, Mobile payments/banking, p2p-payments, POS/mPOS and online acquiring

October 25, 2016

827

PaySimple Pulls in $115 Million

By Julie (Schicktanz) Muhn for Finovate Blog

Service commerce solution PaySimple just closed its second round of funding since it was founded in 2006. The $115 million round amounts to 7X more than the first round the company closed in 2011. PaySimple’s funding now totals $131 million. (more…)

POS/mPOS and online acquiring, SME

October 25, 2016

1057

1158

Bank of America Merrill Lynch and Modo Announce Strategic Relationship

By LTP

NEW YORK – Bank of America Merrill Lynch, a global leader in transaction services, and ModoPayments, LLC (Modo), an industry leader in digital payments innovation, recently announced a strategic relationship that will give the bank access to Modo’s patented COIN® Operated Digital Payments Hub. Through the hub, Bank of America Merrill Lynch clients will have the ability to connect with multiple emerging payment networks. Furthermore, the new global capabilities can extend the reach of the bank’s existing digital business-to-consumer offering, Digital Disbursements. (more…)

Banks, Fintech news, p2p-payments, POS/mPOS and online acquiring

October 23, 2016

889

Payment Wallet Support App Innovation Wins Ingenico UK App Challenge 2016

By LTP

Ingenico Group, a global leader in seamless payment, is pleased to announce the winner of its 2016 Telium TETRA App Challenge. Participants in the challenge were asked to submit HTML5 application ideas to reinvent convenience at the point of sale. (more…)

Cashless, eWallets, Fintech news, POS/mPOS and online acquiring, SME

October 23, 2016

774

ING distributes mPOS device to Romanian merchants

By Finextra

Businesses in Romania can now process card payments in an easy, low-cost way, thanks to a new mobile payments device launched by ING recently. (more…)

Fintech news, POS/mPOS and online acquiring

October 22, 2016

2285

SumUp Launches Air Register

By David Penn

One year after bringing its e-commerce technology to the U.S., SumUp is launching Air Register, giving mPOS software providers an all-in-one hardware solution to offer customers. Air Register enables merchants to accept chip and magnetic stripe cards as well as contactless payments from Apple Pay and Android Pay. (more…)

Fintech news, POS/mPOS and online acquiring

October 22, 2016

PaySimple Receives $115M Growth Investment

By FinSMEs


logo-420x220Providence Strategic Growth (PSG), the growth equity affiliate of Providence Equity Partners, a global private equity firm with $47 billion in assets under management, made the investment. In conjunction with the deal, Mark Hastings, Managing Director and head of Providence Strategic Growth, will join PaySimple’s Board of Directors.
(more…)

Deals, Fintech news, POS/mPOS and online acquiring, SME

October 22, 2016

956

Bank of America Partners with Digital Payments Firm

By Bryan Yurcan for American Banker

Bank of America has entered into a strategic partnership with digital payments firm ModoPayments that will give the bank access to Modo’s digital payments hub. (more…)

Banks, Cashless, Mobile payments/banking, POS/mPOS and online acquiring, Remittances

October 21, 2016

759

Premier Tax Free taps Wirecard for emerging payments

By Finextra

For merchants, the integration of value added services including those that are ‘tax free’ and alternative payment procedures at the Point of Sale (e.g. Alipay, WeChat) is becoming increasingly important. (more…)

Fintech news, POS/mPOS and online acquiring, Singapore

October 21, 2016

1094

Uber partners Bankaool and Mastercard for Mexican debit card

By Finextra

Uber, the ride-sharing app that allows users to request a safe, reliable and affordable rides with the tap of a button, in partnership with Bankaool the first Mexican online bank and Mastercard, the technology company leader in the industry of electronic payments, will launch tomorrow, the Uber Bankaool Debit Card. (more…)

Banks, Cashless, Fintech news, Mobile payments/banking, POS/mPOS and online acquiring

October 21, 2016

743

Have card will travel: Stagecoach goes contactless

By Finextra

In the first major deployment of contactless technology on bus services outside London, Stagecoach has announced plans to bring tap-and-go payments to all of its regional transport services across the UK by the end of 2018. (more…)

Fintech news, Mobile payments/banking, POS/mPOS and online acquiring

October 21, 2016

741

DocuSign partners with major payment providers to offer pay at signing

By  for TechCrunch

DocuSign built a $3 billion valuation by providing a simple way to execute an electronic signature. That has worked well as far as it goes, but in order to separate from the growing pack of competitor companies, it announced today that it’s allowing users to add a payment to be collected digitally at signing. (more…)

Mobile payments/banking, POS/mPOS and online acquiring, Security

October 20, 2016