The mobile wallet solution created by mobile-commerce provider, EnStream, has been acquired by Paymobile, a financial services technology company providing programme management services for open loop prepaid and virtual card programmes (view press release). EnStream’s Zoompass is a mobile-based, stored-value payment service, which comes with a contactless payment card linked to the same account. Zoompass allows P2P money transfers and online transactions, while the companion card allows cash withdrawals and transactions at retail locations that accept card based payments.
The solution is available through iTunes, Google Play and Blackberry app stores.
The UK Government has proposed a new plan that would see RBS fund and deliver a series of initiatives to boost competition in UK’s business banking market.
Barclaycard, which processes nearly half of the UK’s credit and debit card transactions, has secured its contract with Transport for London (TFL) for another seven years, with an option to extend a further three years.
IBM and Visa announced the industry’s first collaboration which brings point of sale everywhere that Visa is accepted.
PayPal CEO Dan Schulman is attempting to make good on his promise to better serve the unbanked.