The Central Bank of Russia has revealed plans to launch a national payment card that will both rival Visa and Mastercard and create more choice for consumers, according to the country’s officials.

KKR will pump USD 1.2bn into First Data, the loss-making credit card processor that it bought out in 2007, as part of a USD 3.5bn private placement drive to strengthen the company’s balance sheet, it has been announced.

Teller will introduce PowaTag payment technology to its Nordic consumer-base following an agreement with Powa Technologies.

Fiserv Inc., a leading global provider of financial services technology solutions, announced today that United Credit Union of Mexico, Missouri, has selected the CUnify™ account processing platform from Fiserv.

The international technology provider of payment solutions for financial institutions, Clear2Pay, has announced that Banco de Crédito e Inversiones’ (BCI) payment hub has gone live based on Clear2Pay’s Open Payment Framework.

A report released today by the Australian Bureau of Statistics has found that just 19% of all businesses in the finance industry are set up to take orders online, compared to 30% of all businesses in the country.

PayPal Australia has released new research revealing over half (54%) of Australian small-to-medium enterprises (SMEs) do not accept chip and PIN credit and debit payments, despite an industry-wide move to mandate the technology and phase-out signature verification in Australia.