Articles with tag: payment system

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ISO 20022 and instant payments set to dominate the payments space

News | Online & Mobile Banking | 11 Jan 2021

Instant payments and ISO 20022 have the potential to become the messaging standards to be used for all financial communications, according to Payment Components.

ISO 20022, Payment Components, banks, Open Banking, PSD2, API, payment systems, instant payment, protocol, data transfer, payments messaging

Apple Pay is available in all NYC subway stations and buses

News | Mobile Payments | 04 Jan 2021

New York City has completed its rollout of the One Metro New York (ONMY) mobile payment system, which includes support for Apple Pay across all subway stations and in buses.

New York City, One Metro New York, ONMY, mobile payment system, Apple Pay, mobile payments, contactless cards, Google Pay, Samsung Pay, Fitbit Pay

eftops to pilot QR code payment system in 2021

News | Mobile Payments | 17 Dec 2020

eftpos has announced that it is working with merchants to deliver a national QR code payment system in Australia, with a pilot to be launched in 2021.

eftops, Australia, QR code, payment system, merchants, mobile payments

Facebook's Libra team conducts research on payment protocol 7x faster than Visa

News | Cryptocurrencies | 11 Nov 2020

The team behind Facebook’s Libra have done an experimental research into a payments protocol called FastPay that is seven times faster than the Visa system.

Facebook, Libra, permissioned blockchain, payment system, FastPay, Novi, stablecoins

Maldives Monetary Authority to implement instant payments with TietoEVRY

News | Online Payments | 04 Nov 2020

Maldives Monetary Authority (MMA) has signed an agreement with Finland-based IT solutions provider TietoEVRY, to implement an Instant Payments System in the Maldives. 

Maldives Monetary Authority, TietoEvry, partnership, Maldives, instant payments, Maldives Payment System Development Project, online payments, Instant Payments System, PSP, Asia, APAC

Quest launches tap-on-phone payment solution in Australia

News | Mobile Payments | 28 Oct 2020

Australia-based technology provider Quest Payment Systems (Quest) has launched the tap-on-phone payments solution Airpay TAP.

Quest Payment Systems, Airpay TAP, Australia, tap-on-phone, merchants, contactless payment, Visa, Mastercard, eftpos, American Express, mobile wallet

Worldline, Unwire partner for public transport transformation

News | Payments General | 22 Sep 2020

France-based PSP Worldline has partnered with Denmark-based fintech Unwire to accelerate innovative digital payment technology in transportation. 

Worldline, Unwire, public transport, transportation, digital payments, PSP, France, Denmark, Europe, fintech, digital payment technology, Mobility as a Service, Maas, UK, Ireland, payment systems, financial institutions, merchants, mobile platforms, app, smartphones

Fraudsters force Docomo to halt mobile payment service sign-ups

News | Digital Identity, Security & Online Fraud | 10 Sep 2020

Japan-based mobile carrier NTT Docomo has halted new registrations for its mobile payment service in response to a string of fraudulent bank withdrawals tied to the platform nationwide.

Docomo, Japan, fraudsters, personal identification number, payment system, mobile carrier, mobile payment

Mastercard Asia to patent Tangle-based device billing system

News | E-invoicing, SCF & E-procurement | 28 Aug 2020

Mastercard's Singapore-based subsidiary filed a patent with the US Patent Office detailing a payment system for using hardware devices based on Iota's (MIOTA) Tangle technology.

Mastercard Asia, Mastercard, Asia, Singapore, subsidiary, Tangle, device billing system, US Patent Office, payment system, Iota, MIOTA, pay as you go, transparent data storage, aggregation, 3d printers, billing, blockchain, traditional payments, credit cards

Paysend enters technology partnership with Alipay for global remittances

News | Mobile Payments | 24 Aug 2020

UK-based fintech company Paysend has partnered with Alipay to provide its users with a cross-border money transfer capability. 

Paysend, UK, Alipay, cross-border payments, mobile payments, e-wallet, FCA, money transfer, local payment systems, Visa, Mastercard, China Union Pay

WeLab Bank launches virtual bank services

News | Online & Mobile Banking | 03 Aug 2020

WeLab Bank has launched of virtual banking services, making it the third virtual bank in Hong Kong to do this.

WeLab Bank, banks, banking, virtual banking, virtual banks, Hong Kong, banking licence, Hong Kong Monetary Authority, HKMA, fintech, Fintech Supervisory Sandbox, debit cards, cards, payments, Faster Payment System, numberless card, Mastercard

Brazil Central Bank to authorize payments system involving WhatsApp

News | Online Payments | 21 Jul 2020

Brazil's Central Bank has announced it will authorize a payments system involving Facebook Inc's WhatsApp messaging service, to send money and make payments via chats.

Central Bank of Brazil, Brazil, Latin America, payment system, WhatsApp, Facebook, online payments,

Saudi Payments, JCB partner to enable card acceptance through 'mada'

News | Cards | 21 Jul 2020

Saudi Payments, operator of national payment network (mada) has partnered with JCB to enable the acceptance of JCB cards in Saudi Arabia.

Saudi Payments, JCB, card acceptance, mada, JCB cards, cards, Saudi Arabia, mada network, acquiring banks, local banks, Point of Sale Terminals, ATM terminals, Saudi Arabian Monetary Authority, national payment system

Spain-based banks pilot blockchain-based digital payments

News | Payments General | 17 Jul 2020

Spain-based companies Banco Santander, Banco Sabadell, BBVA, and CaixaBank have finalized a proof-of-concept (PoC) test for digital payments via blockchain-based smart contracts.

Banco Santander, Banco Sabadell, BBVA, CaixaBank, Spain, Iberpay, PoC, blockchain, digital payments, smat contracts, DLT, Spanish Payment System, SNCE, red-I, dlt based payments

The pan-European payment system initiative to be launched very soon

News | Online Payments | 01 Jul 2020

Twenty big European banks are getting ready to create a payment standard called the Pan-European Payment System Initiative (PEPSI), reports Electronic Payments International.

Pan-European Payment System Initiative, PEPSI, payments, banks, European Central Bank, ECB, European Commission

The FCA's and PSR's approach to Access to Cash

News | Payments General | 18 Jun 2020

Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) have updated the approach regarding the Access to Cash.

FCA, PSR, Financial Conduct Authority, Payment Systems Regulator, Access to Cash, banks, COVID-19, coronavirus, LINK, UK

Costa Rica to introduce QR and EMV transit ticketing system

News | Payments General | 08 May 2020

Costa Rica has announced plans to implement a national transit ticketing system that supports both QR and EMV as payment options.

Costa Rica, QR, EMV, transit ticketing system, SPETP, Payment System for Paid Public Transport of Persons

Paypay app gets deffered payments upgrade

News | Mobile Payments | 15 Apr 2020

SoftBank’s PayPay app has launched an overdraft facility for in-store payments to selected cash-reliant Japan-based users to adopt mobile payment systems. 

SoftBank, PayPay, Japan, e-wallet, mobile payment system, online payment, Paytm

New e-payment platform released by NCS and NETS for Central Banks in APAC

News | Online & Mobile Banking | 14 Apr 2020

NCS has signed a memorandum of understanding (MOU) with the NETS Group to develop a new real-time electronic payment and securities settlement platform for central banks. 

e-payment, e-payment platform, NCS, NETS, Singtel, central banks, APAC, MOU, payment system, inter-bank fund transfer, monetary policies, payment ecosystem

EMVCo boosts domestic payment systems with terminal integration testing framework

News | Ecommerce | 01 Apr 2020

EMVCo has been encouraging domestic payment systems (and other similar entities) to use its new EMV terminal integration testing framework.

payment systems, EMV terminal, EMVCo, domestic payment systems, testing, hardware, software, payments