Articles with tag: retail payment

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Digital Euro seen as an alternative to 'private digital currencies', ECB

25 Sep 2020 | Cryptocurrencies

The European Central Bank (ECB) has been analysing the benefits and risks of a digital currency, according to its president, Christine Lagarde.

European Central Bank, ECB, Christine Lagarde, digital euro, digital currency, cryptocurrency, blockchain, retail payments

ACI Worldwide to update payment switching system for State Bank of India

08 Sep 2020 | Online Payments

Real-time digital payments solution provider ACI Worldwide has modernised payments infrastructure for ATM and POS at State Bank of India.

State Bank of India, ACI Worldwide, retail payments, Visa, Mastercard, RuPay, cards, secure payments, ATM, POS, contactless payments, mobile payments, India, Asia, APAC,

ACI Worldwide, Capsys, T-Systems to power majority of Hungary's real-time payments

01 Sep 2020 | Payments General

ACI Worldwide, a global provider of real-time digital payment software and solutions, has announced that it powers approximately 75% of Hungary’s real-time payments.

ACI’s Retail Payments, PSD2, banking, Hungary, real time payments, OTP Bank, Erste Bank Hungary, EBH, Takarekinfo, Capsys, T-Systems, origination, processing, clearing, fraud detection

ACI Worldwide drives payments transformation for ACS, a division of Altron

04 Aug 2020 | Online Payments

ACI Worldwide has announced that Altech Card Solutions (ACS), a division of Altron, is utilizing ACI’s UP Retail Payments to serve its multi-national retail customers across Africa.

ACI Worldwide, Altech Card Solutions, ACS, Altron, ACI UP Retail Payments, retail, Universal Payments Framework, alternative payments, alternative payment methods, QR, POS, merchants, digital payments, underbanked

Multiple ecommerce markets, one strategy: An exclusive interview with PPRO

24 Jun 2020 | Ecommerce

Stefan Merz, COO of PPRO, talks about the unique challenges and opportunities of this moment in history for the payments and retail industries

Stefan Merz, PPRO, payments, PSP, PayPal, UK consumers, Subscription payments, digital services, retail payments, ecommerce, ecommerce strategy, europe, iDEAL, cards, WeChat Pay, AliPay,

Banco Safra chooses ACI Worldwide's cloud-enabled payments solutions

17 Jun 2020 | Online & Mobile Banking

Brazil-based Banco Safra has announced it will utilize ACI’s UP Retail Payments solution and UP Framework deployed in the public cloud via Microsoft Azure. 

Banco Safra, US, ACI Worldwide, payments, Brazil, UP Retail Payments, UP Framework, Microsoft Azure, API, US, SafraPay, partnership

ACS to streamline its services via ACI's UP Retail Payments solution

21 May 2020 | Online Payments

ACI Worldwide has announced that South Africa-based Altron division ACS is using ACI UP Retail Payments to transform its services throughout the African market.

ACS, South Africa, ACI Worldwide, UP Retail Payments, cards, digital payments, online payments

HandCash, Anypay implement P2P checkouts for retail and online payments

01 May 2020 | Ecommerce

UK-based crypto wallet HandCash and Bitcoin payments services company for merchants Anypay have introduced a peer-to-peer payments communication standard.

Handcash, Anypay, cryptocurrency, online payments, retail payments, United Kingdom, merchants, retail, ewallet

Coronavirus pandemic causes 60% rise in online shopping in Finland

07 Apr 2020 | Ecommerce

E-store platform maker Vilkas Group has estimated that ecommerce sales have gone up 60% in Finland in the last two weeks of March 2020.

Vilkas Group, online shopping, Finland, Nordics, Scandinavia, ecommerce, online payments, retail payments, coronavirus, COVID-19

Banking industry puts forward its vision for future-driven EU payments market

01 Apr 2020 | Payments General

European Banking Federation (EBF), European Association of Co-operative Banks (EACB) and the European Savings and Retail Banking Group (ESBG) – have issued a new publication that provides a vision of how the EU retail payments framework can move forward. 

European Banking Federation, European Association of Co-operative Banks, European Savings and Retail Banking Group, payments, Europe, retail payments, instant payments, innovation

AppBrilliance launches real-time mobile payment technology

16 Mar 2020 | Mobile Payments

US-based AppBrilliance has announced it is launching its Payments/Money Movement SDK for iOS and Android. 

AppBrilliance, product launch, mobile payments, US, United States, money movement, account credentials, contactless retail payments, Visa, Money Movement SDK, US payments processing, payments processing

Mastercard is developing mobile POS solution

16 Mar 2020 | Ecommerce

Mastercard has announced it is working with Bulgaria-based payment solutions provider Paynetics to run a four-week trial of a mobile point-of-sale (mPOS) solution.

Mastercard, Paynetics, mobile point-of-sale, mPOS, mobile POS, ecommerce, retail payments, digital inclusion, merchants, mPOS terminal, Bulgaria, UK, Romania, Germany, Poland, Europe,

PAYFORT partners with ValU to help Egyptian installment payments

26 Feb 2020 | Ecommerce

UAE-based online payment gateway owen by Amazon PAYFORT has teamed with Egypt-based financial services company valU for installment sales services.

Payfort, VaIU, online payment gateway, partnership, online payments, installment sales, retail payments, ecommerce, merchants, Egypt, EMEA, UAE,

Thailand, Cambodia launch cross-border QR payments

20 Feb 2020 | Mobile Payments

BOT (Bank of Thailand) and NBC (National Bank of Cambodia) have jointly announced the launch of a QR code-based retail payments link between the two Southeast Asian countries, according to Regulation Asia.

Thailand, Cambodia, cross-border, QR payments, retail payment, Bank of Thailand, National Bank of Cambodia, financial inclusion

Brazilian ecommerce expected to grow 18 percent in 2020

17 Feb 2020 | Ecommerce

The Brazilian Electronic Commerce Association has estimated that ecommerce sales in Brazil should reach a of 18% growth this year compared to 2019.

The Brazilian Electronic Commerce Association, Brazil, South America, retail payments, ABComm, ecommerce transactions

Reserve Bank of India to setup new entity for retail payment systems

12 Feb 2020 | Payments General

Reserve Bank of India (RBI), the central bank of the country, has proposed to setup an umbrella entity/ entities for retail payment systems, according to Electronic Payments International.


Reserve Bank of India, retail payment, payments

Pay UK consults on new standard for UK retail payments

06 Feb 2020 | Payments General

Pay.UK has established an industry consultation regarding its recommended approach for UK retail payments, reports Electronic Payments International.

Pay UK, UK, retail payments, standardisation

The Eurosystem welcomes the pan-European initiative for retail payments

28 Nov 2019 | Online Payments

Speech by Benoît Cœuré, Member of the Executive Board of the ECB, at the Joint Conference of the ECB and the National Bank of Belgium on “Crossing the chasm to the retail payments of tomorrow

Eurosystem, European Central Bank, PEPSI, The Pan European Payment System Initiative, payments, banks, retail payments, Europe, global payments, innovation, banking

China's central bank digital currency to focus on retail payments first

27 Nov 2019 | Cryptocurrencies

Former head of the People’s Bank of China has said that the main aim of China’s central bank digital currency (CBDC) is to facilitate retail payments.

People’s Bank of China, central bank digital currency, retail payments, digital currency, bank, payments, China

Retail payments - whats next for shoppers and merchants

19 Sep 2019 | Mobile Payments

We sat down with Payvision’s COO, Gijs op de Weegh, to chat about the top trends reshaping retail payments

Payvision, Gijs op de Weegh, retail payments, trends, mobile payments, IoT, in car payments, wearables, trends, ecommerce, Chinese tourists, omnichannel, mobile wallets, machine learning