PayTech


Justin Bieber to Promote New BillMyParents Prepaid Card (Jan. 2, 2013)

Jan. 2, 2013 Bieber Fever is spreading beyond music and fragrances to prepaid cards. Pop star Justin Bieber soon will be promoting a MasterCard-branded prepaid card offered by BillMyParents Inc. The San Diego-based provider of payment solutions targeted to teens, young adults and their parents, announced late last year that Bieber will act as “brand […]

FIs Continue Daily Deals Push as Chase Nabs Startup for $35 Million (Jan. 2, 2013)

Jan. 2, 2013 JP Morgan Chase & Co. will pay $35 million to acquire San Francisco-based daily deals startup Bloomspot Inc. in a bid to bolster the local merchant discounts the bank can offer its Chase credit card customers. Bloomspot, which competes with daily Web deals titan Groupon Inc. as well as other city-specific deals […]

M-Payments in 2013 to Bring More New Startups, Intensified Competition (January 2013)

M-Payments in 2013 to Bring More New Startups, Intensified Competition January 2013    By Kate Fitzgerald, Emerging Payments Editor The pace of mobile payments entrepreneurial development is likely to remain brisk this year, with venture capital flowing into the sector and likely to drive a number of new concepts from new POS approaches to mobile […]

The Hottest Payments Topics of 2012 (January 2013)

January 2013   By Bill Grabarek, Senior Editor If anyone thought last year couldn’t compare with the events of 2011, they quickly were proved wrong as 2012 turned out to be every bit as transformational. In the U.S. market, we saw a fledgling federal watchdog agency, the Consumer Financial Protection Bureau (CFPB), go from crawling […]

MasterCard signs 10 PSPs for PayPass Online

Ten UK payment service providers have committed to MasterCard’s PayPass Online by MasterCard, part of PayPass Wallet Services, allowing them to accept electronic payments across multiple channels.

Man Group goes live with Swift’s global ETC messaging service

Alternative investment management firm Man Group has gone live with Swift’s Global Electronic Trade Confirmation messaging service, and successfully confirmed its first trades with Morgan Stanley using the Cor Financial Salerio post-trade management service.

Payza Launches New Remittance Service in Bangladesh (Dec. 20, 2012)

Dec. 20, 2012 A new money transfer service from online payment platform Payza will enable Bangladeshis living in the U.S. to quickly and easily send money to relatives and friends back home. With its new SimplySendBD service, Payza aims to capture a piece of the $14 billion annual Bangladeshi remittance market—and establish a successful template […]

BMO Seals Deal with Monitise to Enhance Mobile Banking, Payments Services (Dec. 20, 2012)

December 20, 2012 Canada’s mobile payments offerings continue to multiply. BMO Bank of Montreal is poised to boost its mobile banking and payments offerings through a strategic alliance with London-based Monitise plc to develop a range of new smartphone applications, mobile Web offerings and text-notification services for online and mobile banking. The deal builds on […]

SumUp Mobile POS Device Available in 10 European Markets (Dec. 20, 2012)

Dec. 20, 2012 In a highly competitive European market, SumUp, a London-based provider of mobile POS card readers, has expanded its reach to 10 markets with recent product launches in Belgium, France and Portugal. SumUp enables merchants to accept debit and credit card payments using their smartphones and tablets as a POS device. SumUp is capable […]

NY opening for Consult Hyperion

Electronic transaction specialist Consult Hyperion has opened a New York office. Lanny Byers and Howard Hall will serve as co-managing directors, reporting to chief executive Neil McEvoy.

Letter from the Editor: Happy Holidays from Paybefore (December 2012)

December 2012   It’s been an exciting year for prepaid and emerging payments. We’ve seen intriguing, unexpected partnerships (Starbucks and Square, PayPal and Discover), a steady stream of new mobile entrants attracting investors and, in the past few months, prepaid card launches in the Middle East, Russia and Africa. We expect 2013 to bring even […]

Russian Bank Looks to Grow via Prepaid Cards (Dec. 18, 2012)

Dec. 18, 2012 In a bid to serve a growing market demand and increase its customer base, Russia’s Svyaznoy Bank will issue its first large-scale prepaid card, the bank announced this week. The card will be available in versions branded by MasterCard and Visa, with Gemalto providing deployment and other card services. Svyaznoy already is […]

VeriFone Inks NFC, Mobile Marketing Deal in China (Dec. 18, 2012)

Dec. 18, 2012 On the heels of announcing it would cease marketing its mobile POS system directly to merchants, electronic payments service provider VeriFone Systems Inc. has signed a deal to provide NFC payments and mobile marketing in the city of Shen Yang, China. Under the new partnership with China Mobile and Bank of China, […]

FDIC Report: Mobile Payments Could Threaten Banks’ Security, Market Share (Dec. 18, 2012)

Dec. 18, 2012 Mobile payments could present serious security and competitive threats to financial institutions and other established payments industry players, according to a new FDIC report. In the latest edition of its semi-annual publication “Supervisory Insights,” a team of senior FDIC researchers explained that if consumers adopt mobile payments widely, nonbank players with little […]