News


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.

SK signs with First Data for card processing in Poland

SK Bank, a Polish cooperative bank in Poland, has signed with First Data, which will provide outsourced issuing and payment processing services for SK bank’s debit, credit and prepaid card portfolios.

First Data will also enable the bank to access card payment data on a 24/7 basis. The bank also intends to implement Proactive Risk Manager, a fraud transaction monitoring system provided by First Data.

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 […]

SIX expands Nordic post-trade with £20m purchase of Oslo Clearing

Swiss market operator SIX is to expand its post-trade infrastructure in Scandinavia with the acquisition of Oslo Clearing, a subsidiary of the Oslo Børs, for NOK180 million (£19.8 million).

The unit is authorised to act as a central counterparty in Norway and currently clears derivatives and securities lending products. It will become will be part of SIX Securities Services.

People on the Move: Joseph Dwyer, Virtual Piggy Inc. (December 2012)

December 2012 Virtual Piggy Inc., a Hermosa Beach, Calif.-based provider of e-commerce solutions enabling children to manage and spend money within a parent-controlled environment, has appointed Joseph Dwyer chief financial officer. He has more than 20 years of experience at the executive level for public and private companies, including OpenLink Financial, Energy Solutions International, Capstone […]

VeriFone Exits Direct-to-Merchant Mobile POS in ‘Maturing’ Niche (Dec. 17, 2012)

Dec. 17, 2012 VeriFone Systems Inc.’s decision to withdraw from marketing its mobile POS device directly to merchants is the first sign of retrenchment and likely consolidation in what has been a fast-growing niche. The San Jose-based company last week said from now on it will sell its Sail smartphone attachment for mobile card payments […]

MasterCard Launches Prepaid Travel Card in Middle East (Dec. 17, 2012)

Dec. 17, 2012 MasterCard Worldwide is targeting upscale consumers based in the Middle East who travel frequently to different global regions with its new MasterCard Platinum Prepaid Travel Card launched this week in Bahrain. The card, issued by Al Baraka Islamic Bank and Nonoo Exchange Company, both based in Bahrain, enables customers to load up […]