Prepaid cards and mobile banking has become the payment method of choice for the next generation of financial service customers, as they look to ditch traditional bank accounts when they begin to pay for goods and services.
Abra, a payments startup based in Silicon Valley, has raised $14m in venture financing during its Series A funding round. Leveraging blockchain technology, Abra hopes to challenge banks and financial institutions within the payment processing market.
A large proportion of retail stores in Belgium are set to accept contactless payments, with hypermarket group Carrefour securing a partnership with Visa Europe and payment terminal firm Worldline.
PayPal is set to suspend nearly all of its operations in Taiwan in order to meet local legislation changes, leaving thousands of people unable to transfer money domestically and abroad.
Chain, a San Francisco-based startup specialising in blockchain technology, has received $30m from a funding round that includes some of the world’s largest financial corporations, including Visa, Citi Ventures and Nasdaq.
As Worldpay executives mull over a potential IPO, payments processor Ingenico looks to put a spanner in the works by offering well over £6 billion in a fresh takeover bid, with the French company including a break fee in case the deal falls through.
As security issues top the list of concerns for payment companies and merchants worldwide, e-authorisation firm MyBank is calling for participants to test its pan-European Identity Verification Service, as it looks to help consumers protect their privacy while shopping online.
Technology giants Google and Samsung have become the first mobile wallet providers to sign up to MasterCard’s Digital Enablement Express programme, which aims to expedite the process of tokenizing MasterCard accounts.
In today’s society, we pay for items using incredibly innovative technology, but this has only been happening in the past few years. Go back in time with this infographic, in which you’ll discover how people paid for goods and services throughout the ages.
The Royal Mail is moving closer towards the digital world by obtaining a stake in Market Engine Global Pty Limited, an Australian e-commerce company that helps businesses improve their online marketplaces.
PAY.ON, an ACI Worldwide company, delivers white label global payment gateway solutions to payment service providers, ISOs, acquirers, ISVs, and VARs, enabling them to fully outsource payment transaction processing or integrate a gateway-to-gateway solution.
By Shari Krikorian, senior vice president, Mastercard
