PayTech


PermataBank pilots BlackBerry Messenger Payments with Monitise

Indonesia-based  PermataBank has developed the first mobile payments service for the BlackBerry Messenger service.  The bank has teamed up with UK mobile banking solutions provider Monitise to roll out a commercial pilot of BBM Money in the country ahead of a full launch. BlackBerry users will have the option to access a Mobile Money account from their […]

NFC-Based Navigation System Set for Tokyo Shopping District (Feb. 12, 2013)

Feb. 12, 2013 Shoppers are getting some help navigating Tokyo’s Ginza district from nearly 300 NFC-based location tags the city’s government has placed throughout the upscale retail hub. The system works with an Android app, available for download from the Google Play store, which enables users to search for and select a destination within Ginza, […]

InComm Partner Alliance Looks to Digital/Big Data Future (Feb. 12, 2013)

Feb. 12, 2013 In the opening sessions of InComm’s annual Partner Alliance yesterday, CEO Brooks Smith and futurist Mike Walsh offered glimpses of their visions of the future. With a corporate acquisition strategy based on delivering new technologies to retailers, Smith focused his comments on a future filled with more choices—for retailers and their customers. […]

First Data: Spending Up in Spite of Payroll Tax Cut Expiration (Feb. 12, 2013)

Feb. 12, 2013 Job growth and an improved housing market, among other dynamics, put consumers in a mood to spend in January, despite the Jan. 1 expiration of the payroll tax cut, according to the latest SpendTrend data released by First Data Corp., an Atlanta-based payments processor. Dollar volume growth last month improved to 6.2 […]

MoneyGram Launches Mobile Service (Feb, 12, 2013)

Feb. 12, 2013 Money transfer provider MoneyGram has launched a mobile version of its online transfer service, which enables users to send cash via smartphones using a mobile-optimized version of moneygram.com. The service is part of Dallas-based MoneyGram’s efforts to tap into what the company claims is a $50 billion cross-border remittance industry—much of which […]

War on Cash making slow progress in Europe

While card payments continue to grow – up by 10% in 2011 – the use of cash is still growing “at a more than healthy pace”, says the latest edition of the European Payment Cards Yearbook. The use of cards to withdraw cash at automated teller machines was also up – with 17.3% more ATMs issuing 2% more cash during the year.

Pair of Prepaid Card Bills Moves Forward in N.J. Assembly (Feb. 11, 2013)

Feb. 11, 2013 Two prepaid card-related bills being considered by the New Jersey State Assembly took steps forward last week, earning approval by the Assembly’s Appropriations Committee. The first bill, A-3561, permits New Jersey’s Treasury Department to issue state income tax refunds onto prepaid cards, while the second, A-3562, enables state and local governments to […]

Monitise Teams with BlackBerry for Payment Service in Indonesia (Feb. 11, 2013)

Feb. 11, 2013 Monitise plc today announced the launch of a mobile payments pilot in Indonesia harnessing BlackBerry smartphones. The new service will enable BlackBerry users to access a mobile money account on their smartphones and transfer funds among bank accounts and to other BlackBerry customers who are also signed up for the service, as […]

TAS, Payair to Launch Mobile Commerce Platform (Feb. 11, 2013)

Feb. 11, 2013 Italian software provider TAS Group and Payair South Europe S.A., a Swedish mobile commerce company, have agreed to launch a mobile commerce platform that incorporates Payair’s commerce platform and a customization solution supplied by TAS. The platform will support large-scale retailers that require advanced automation of their purchase and payment processes, according […]

InComm to Supply Utah Transit Authority with Prepaid Contactless Card (Feb. 7. 2013)

Feb. 7, 2013 The Utah Transit Authority (UTA), which has been at the forefront of U.S. transit system mobile payment development since introducing an open-loop, contactless payment system for city buses and trains in Salt Lake City beginning in 2009, this fall plans to add a contactless, closed-loop prepaid card to its consumer payment options. […]

Atlanta Fed Paper Examines Money Laundering Risks for GPR Cards (Feb. 7, 2013)

Feb. 7, 2013 Do GPR cards pose significant money laundering threats? That’s the question the Retail Payments Risk Forum at the Federal Reserve Bank of Atlanta explores in recently published paper. Among the paper’s findings is that, as GPR prepaid cards have grown in popularity and come under increased scrutiny by regulators, significant regulatory measures […]

Amazon to Debut Virtual Currency in Bid to Amp up Apps (Feb. 7, 2013)

Feb. 7, 2013 Online retail giant Amazon is looking to beef up its app offerings, and to help with the goal, the company is turning to virtual currency. Set to be released in May, Amazon Coins can be used to buy apps from the Amazon Appstore and to make in-app purchases via Amazon’s Kindle Fire […]

Kuwait International Bank Releases Third Visa Prepaid Card (Feb. 7, 2013)

Feb. 7, 2013 Kuwait International Bank (KIB) has launched a new Visa-branded prepaid card, adding a third prepaid product to the bank’s offerings. The card’s release was timed to coincide with the country’s National & Liberation Day. “The national celebrations are an important aspect of Kuwait’s society, and Kuwait International Bank is taking part in […]

Banco do Brasil, i2c Kick off Partnership with Student GPR Card (February 2013)

February 2013   By Adam Perrotta, Assistant Editor Recent months have seen the release of a spate of payment products targeted for use by Brazilians, whose country is rapidly emerging as a hotbed of financial services development. More than half of the country’s population of more than 200 million is underbanked, according to a MasterCard […]