The days of paper banknotes are nearing an end as the Bank of England announced that the next £20 banknote will be printed on polymer. It will follow the polymer £5 note featuring Winston Churchill, which will be issued in autumn 2016, and the £10 polymer note featuring Jane Austen entering circulation a year later. read more ..
The electronics giant is working with digital security company Gemalto to accelerate the deployment of Samsung Pay through the latter’s Allynis Trusted Service Hub (TSH). read more ..
Yesterday's news that the new £20 note will be made from polymer means that only the £50 banknote will continue to be made from paper for the foreseeable future. However, according to CMS Payments Intelligence, this shift comes at quite a cost. read more ..
UMB has become the latest bank to focus its attention on payment start-ups by directly investing in companies that graduate from the accelerator SixThirty's programme.
MasterCard has launched Start Path Global, a six-month programme that allows start-up owners from around the world to partner with the card firm, as they look to upscale their business.
Paymium, the bitcoin market place and Bitcoin payments services provider, has secured funding from Newfund, Kima Ventures, Galitt and a group of business angels. It will use the money to accelerate its European expansion.
Kash, a San Francisco-based start-up which intends to disrupt the online payments industry, has appointed Joseph W. Saunders, former Visa CEO and chairman, to its board of directors.
The government of India has officially joined the Better Than Cash Alliance, the UN-based conglomerate of international organisations and countries promoting digital banking.
Here are ten interesting facts about mobile commerce, crafted into infographic form by the team over at CJG Digital Marketing.
The mobile payment start-up Zapp has secured a five-year agreement with Featurespace to provide real-time fraud protection for its mobile payment customers.
First Internet Bank (FIB) is now offering Eyeprint ID verification technology within its mobile banking application, allowing customers to access their bank account with a smartphone camera and an ‘‘eyeprint’’ instead of a username and password.
MasterCard and United Nation's Food and Agriculture Organization are working together to develop inclusive payment systems to support small-scale farmers and poor families.
Four out of ten people (43 per cent) have said that contactless payments are the future, whilst 25 per cent believe that cash won’t be used to pay for goods or services within five years.
The US-based taxi app is working on its own mobile wallet in India, a move that suggests the company is intent on making the country its second biggest market after the United States, according to reports.
PayPal.Me is the latest release from the payments corporation, with the technology allowing users to pay back money borrowed from their friends and family using a customised URL.
A former US Secret Service agent has pleaded guilty to stealing over half a million pounds worth of bitcoin (£521,000) during an investigation into Silk Road - the illegal marketplace that sold everything from drugs to weapons.
As the contactless payment limit is being raised to £30, Lyle and Scott has collaborated with Barclaycard and its bPay technology to create a jacket that can be used to make contactless payments.
Healthcare providers could see a change in the way they receive payments from patients, as TransFirst, an electronic transaction firm, has entered into a strategic partnership with PatientPay, a payment technology organisation specialising in the healthcare industry.