With less than two weeks to go until the US liability shift hits its first anniversary, MasterCard published new data evidencing the positive impact the technology is having on issuing banks, merchants and consumers, as well as saying adoption continues to grow.
Three years since the public consultation, and a year since the £20 was revealed to be the next note to have a makeover, 13th September marks the day that the new £5 polymer bank note enters into circulation.
FIS, the company that avoids using a plastic card at the ATM to withdraw funds, is expanding its Cardless ATM service through a new partnership with CO-OP Financial Services.
Global card payments are growing at twice the rate of the number of cards in circulation as acceptance booms and consumer habits shift away from cash.
Cashless transactions at this year's British Summer Time festival increased sharply as more small and micro-businesses started to accept card, mobile and contactless transactions, says Barclaycard.
This August Bank Holiday Weekend saw a record amount of cash withdrawn from ATMs, according to LINK, the UK's cash machine network.
New data from Worldpay, which surveyed 4,000 shoppers in Europe, shows the continent is becoming more tech-savvy and a keen adopter of new payment technology.
American banks are planning to push their revamped person-to-person payment service, clearXchange and take on Venmo.
Canada-based Impression Ventures Fund has raised C$20m invest in early-stage financial technology companies emerging from Canadian technology companies.
In just under a year since the contactless spend limit was increased from £20 to £30, spending using the technology has increased by 173% by value and 112% by volume, according to latest figures from Barclaycard.
Michael Kaplan, CRO and General Manager at PayNearMe
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.
