Adyen Launches Android POS Devices
Amsterdam-based Adyen, Europe’s seventh largest merchant acquirer, will soon begin marketing two mobile point-of-sale devices. Both were designed in-house and operate on the Adyen platform.
Region: Europe
Under-the-Skin Implants for NFC Payments
Paying with the swipe of a hand rather than with a card or mobile device is the business of Walletmor. The company provides an implant containing a passive near field communication (NFC) chip, which has no power source but can write data to a card reader.
Digital Currency Update
NearPay, a crypto protocol provider, launched virtual-card and digital-wallet services for residents of the EEA and the UK. The NearPay Wallet is available for iOS and Android operating systems and supports 38 cryptocurrencies.
Neofy in the Nilson Report
NEOFY is a cloud-based provider of a predominantly pay-as-you-go SaaS platform that enables creation of a regulatory-compliant and operationally ready neobank.
Mastercard Prepares for Quantum Computing with D-Wave
Real-world applications that leverage the great power of quantum computing technology are not years away from making a commercial impact as many IT department heads believe. Financial institutions including Bank of Canada, BBVA and CaixaBank are already working with the technology, which uses the laws of quantum mechanics to solve problems that are too complex for legacy, silicon-based “classical” computers.
Amex’s Global Pay for Cross-Border B2B
Small businesses in the US that hold American Express Business Card accounts are being offered a business-to-business (B2B) digital payment service for domestic and international transactions that will clear and settle outside of the company’s merchant network.
Nexi and Microsoft are Partners
Azure, the cloud computing service of Microsoft, will host digital services for Nexi, a top European provider of merchant acquiring, card account processing, digital banking and corporate payment services.
Digital Currency Update
Binance will launch a Mastercard prepaid card in Argentina. The card will be issued by Credencial Payments and will be the first crypto card from Binance issued in Latin America.
Visa and Mastercard Halt Payments for Adult Content
Visa and Mastercard halted payments to the Pornhub platform in 2020 after The New York Times published an opinion piece that cited the Luxembourg-based company’s tolerance of exploited minors on its website.
Global Network Card Results in 2021
Purchase transactions worldwide for goods and services initiated by credit, debit and prepaid cards carrying brands of the global networks—Visa, UnionPay, Mastercard, American Express, JCB and Diners Club/Discover—amounted to a combined 581.22 billion in 2021, an increase of 24.5% over 2020.
