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MUMBAI, INDIA–A company that enables India’s banking customers to conduct instant interbank mobile funds transfers is planning to extend the service to enable them to also pay for purchases at merchant locations, the firm’s chief executive told PaymentsSource here March 3 at a technology summit organized by the Indian Banks’ Association.
March 4 -
AT&T Inc. has added WorldPay US Inc. as a processor for the mobile-merchant payment initiative the telecommunication company launched last year, according to an entry posted March 1 on WorldPay’s blog.
March 4 -
Tee-On Golf System Inc.’s announced partnership earlier this week with Yespay International Ltd. will enable Canadian golf courses using Tee-On’s tee-time booking software to accept EMV chip-and-PIN payment cards, according to London-based Yespay.
March 4 -
As banks join forces with prepaid-card companies, reputational risks loom.
March 4 -
Despite naming its product Virtual Wallet, PNC Financial Services Group Inc. has decided that its Web-centric bank account should be firmly grounded in the real world.
March 3 -
Western Union Co. has introduced a mobile Web version of its foreign-exchange payment service that enables small and midsize businesses with international ties to conduct transactions using smartphones, the company announced March 2.
March 3 -
ATM independent sales organizations are worried about declining interchange rates, rising costs and pending legislation, but the majority are still looking to expand their businesses within the next year, the results of a recent survey suggest.
March 3 -
Having cornered the mobile remote deposit capture market with its software, Mitek Systems Inc. is pushing a new service it says helps companies enroll their customers’ bank accounts by snapping a picture of blank check with a smartphone.
March 3 -
Citizens Financial Group Inc. said Wednesday that it will offer its commercial card customers a spending control service from MasterCard Inc., the banking company said Wednesday.
March 3 -
A comparison between checking-account offerings from top issuers and popular reloadable prepaid debit cards suggests that in some cases the cards are a better value, new research suggests.
March 3 -
WASHINGTON—An effort to delay proposed debit-interchange rules continued to build momentum March 2 as bankers and lawmakers called for a more effective exemption for small financial institutions.
March 2 -
Merchants’ security concerns are driving the development and sales of new payment hardware at VeriFone Systems Inc., the top executive at the payment-terminal maker told analysts during a March 1 conference call to discuss fiscal first quarter earnings.
March 2 -
As it looks to generate more revenue and to enable issuers of its cards to better analyze their customers’ transactions, MasterCard Worldwide is exploring ways to secure more volume for its processing switch from cards carrying the network’s brand, especially outside the U.S., Chris McWilton, MasterCard president of U.S. Markets, said during a March 1 presentation.
March 2 -
Dwolla, a low-cost mobile-payments provider, has launched of what it is calling the first location-based payment technology, which will enable users to check in at various retailers and use their mobile phones to pay for purchases, the company. announced March 2.
March 2 -
Axis Bank Ltd. has begun offering a service that allows customers to make income-tax payments at its ATMs in India, becoming the country’s first private-sector bank to do so.
March 1 -
Heartland Payment Systems Inc.’s Steve Elefant readily admits software-based payment-acceptance products are less secure than those requiring hardware. But that did not prevent the payments processor from supporting Acculynk Inc.’s PaySecure checkout software, which enables merchants to accept PIN-debit cards online.
March 1 -
Fiserv Inc. announced three acquisitions this week, including its long-time partner for mobile banking.
March 1 -
Fifth Third Bancorp is enhancing its mobile-banking service using technology from ClairMail Inc. designed to improve customers’ ability to access and manage their accounts from smartphones, San Rafael, Calif.-based ClairMail announced Feb. 24.
March 1 -
Visa Inc. has completed its acquisition of the online payments company Inc., the card brand announced March 1.
March 1 -
Tyfone Inc. is partnering with smartphone-accessory company Dexim Inc. to offer a sleeve that attaches to Apple Inc.’s iPhone to support contactless payments worldwide using Tyfone’s SideTap microSD chip technology, the companies announced Feb. 28.
March 1
