PayTech


Ukash to Debut Cash Withdrawal Service (April 2, 2013)

London-based prepaid voucher provider Ukash is rolling out a new service that will enable customers to turn their vouchers back into cash. Set to debut later this month, the Cash Withdrawals service lets users turn their game winnings or Ukash transaction change into cash at more than 24,000 PayPoint-enabled retailers throughout the U.K. Previously, Ukash […]

Report: Global M-Payment Development Favors No Single Technology Yet (April 2, 2013)

Mobile payments are evolving at different rates around the globe, with Asia leading other regions including Latin America, Europe and North America in growth. However, progress is uneven and it remains unclear which payment technology will prevail worldwide, according to a new report from Amsterdam-based payments consulting firm Innopay. In Japan, for example, contactless payments […]

MasterCard Signs MOU with China’s Alibaba Group (April 1, 2013)

Consumers and businesses inside and outside of China may have enhanced online payment options now that Chinese online commerce giant Alibaba Group and MasterCard have signed a memorandum of understanding (MOU) to work together on e-commerce. In addition to enhancing e-commerce, the companies said key goals of the MOU include working to help combat intellectual […]

CFSI Report Outlines ‘Next Chapter’ in Govt. Benefit Programs (April 1, 2013)

Prepaid cards represent “the next chapter” of electronic government payments, according to a new report from the Center for Financial Services Innovation (CFSI) and the Hudson Institute, which outlines ways to make benefit disbursement cards even more beneficial to recipients. One approach to improving benefit cards is by increasing the choice of card products available […]

Western Union, VTN Launch Mobile Money Transfer Service in Nigeria (April 1, 2013)

A new money transfer service is providing Nigerians with a way to manage and access their Western Union remittances via their mobile phones. VCASH subscribers can use the service, which was launched last week by Western Union Co. and Nigerian mobile payment operator Virtual Terminal Network, to transfer individual Western Union remittances up to US$300 […]

Hungary to Begin Mobile Payments Rollout in September (April 1, 2013)

Hungary this fall will roll out a uniform system for paying transportation costs via mobile phone. The National Mobile Payments System will be run by Nemzeti Mobilfizetési, a state-run company, while various mobile payment providers will act as resellers, according to a report in the Budapest Business Times. The platform initially will enable mobile payments […]

Is Visa Europe for Sale? WSJ Thinks So. (March 28, 2013)

Reports have swirled for the past week or more that the European banks that own Visa Europe might soon exercise an option to sell the organization to U.S.-based Visa Inc. and set up a new network of their own. Although Visa Europe members may be driving the sale, taking control of the European network could […]

i2c Adds Multipurse Budgeting Feature to Payments Platform (March 28, 2013)

Redwood City, Calif.-based payment processor i2c Inc. has added enhanced features to its payments platform that enable users to budget spending by using multiple purses within one account. i2c’s platform, known as MCP, enables companies to launch and manage card-based, virtual and mobile payment products to their customers. With the new features, i2c clients can […]

Interac Demos Canada’s First NFC Debit Transaction at Toronto McDonald’s (March 28, 2013)

Canada’s national ATM and debit network Interac this week announced the completion of the nation’s first NFC mobile debit transaction in a demonstration at a Toronto McDonald’s restaurant. The transaction showcasing the contactless EMV Interact Flash technology was conducted with an NFC-ready BlackBerry smartphone linked to a RBC Royal Bank customer’s bank account through mobile […]

2013 Paybefore Awards: Best General Purpose Reloadable Card Program-U.S. Solutions

Best use of a consumer-funded reloadable network branded prepaid card for general use, such as ATM access and purchasing. Includes travel, remittance and youth-focused (including campus and student) programs; excludes payroll programs. For Paybefore’s purposes, card may mean a physical card or alternate form factor, including a virtual card. Best in Category: PayPal Prepaid MasterCard  […]

Oakland ID/Prepaid Card Fills Dual Needs for Underserved (March 2013)

By Adam Perrotta, Assistant Editor Oakland, Calif., residents who lack bank accounts and U.S. government-issued photo IDs now have an option for electronic payments and identification. While several U.S. cities issue identification cards for residents who need an ID, the program’s backers say the Oakland City ID Prepaid MasterCard is the first to also act […]

2013 Paybefore Awards Continuing Coverage (March 2013)

In this installment of our Paybefore Awards coverage, get to know each of the winning programs in the following categories: Industry Achievement Winner: Brooks Smith Industry Achievement Winner: Roy Sosa Best Network Branded Gift Card Program  Most Effective Closed-Loop or RAN Prepaid Card Program  Best General Purpose Reloadable Card Program-U.S. Solutions  Best General Purpose Reloadable […]

M-Payments’ Next Chapter: Get Ready for ‘Wallet Wars’ (March 2013)

By Kate Fitzgerald, Emerging Payments Editor  The proliferation of mobile wallet concepts enabling consumers to make payments with smartphones and tablets already may seem daunting, but get ready for more. Experts say it’s still quite early in the cycle as card-based payments morph into new, mobile forms with countless approaches to enriching the shopping process […]

Viewpoint: Early Days for NFC (March 2013)

By Lori Breitzke, E&S Consulting LLC In the initial installment of this article, we addressed how trends in EMV will impact the prepaid sector. But developments in near field communication (NFC) merit an equally close watch, as they, too, should have bearing on the prepaid market and how it plays out moving forward. Let’s start […]

Viewpoint: Early Days for NFC (March 2013)

By Lori Breitzke, E&S Consulting LLC In the initial installment of this article, we addressed how trends in EMV will impact the prepaid sector. But developments in near field communication (NFC) merit an equally close watch, as they, too, should have bearing on the prepaid market and how it plays out moving forward. Let’s start […]

Bluebird Adds FDIC Insurance, Direct Deposit of Gov’t Payments (March 26, 2013)

American Express and Walmart today announced that accounts held under the companies’ Bluebird program now will be eligible for FDIC insurance and, as such, will be able to receive direct deposit of government disbursements, including Social Security payments, military pay and tax refunds. The companies also have added a pre-authorized check-writing function, as well as […]