Industry News

The latest information about the companies, products and services that are shaping the payments industry, selected by our team of specialists.

Sept 20, 2018

Square Announces Solutions Partner Program

Square small business owners who are just getting started, as well as large-scale sellers with complex needs, will be able to easily identify Square-approved agencies, resellers, or system integrators. Starting today, these agencies can apply to become a part of the Square Solutions Partner Program. > See Article

Sept 19, 2018

Amazon Pay Launches EMI Options for its Customers

This is being done to target that section which does not have a credit card and cannot access EMIs on debit cards. > See Article

Sept 19, 2018

TD Bank Adopts Bottomline Technologies´ Paymode-X with Visa Payables Solutions

Unlike standalone card or ACH programs with disparate implementations and payment files, Paymode-X with Visa Payables Solutions uses a simpler approach that enables businesses to make card, ACH, and check payments to their vendors in a single process.  > See Article

Sept 19, 2018

OCBC Bank Collaborates with Ondot to Enhance Digital Customer Experience in Malaysia

Ondot, a Silicon Valley-headquartered fintech company that serves over 4,000 banks and card issuers globally, launched its Mobile Card Services digital solutions for banks across Asia this year. > See Article

Sept 19, 2018

First Data Partners with Huifu Payment Ltd to Expand Its Acquiring Footprint into China

The collaboration with Huifu, a PBOC-licensed third-party payment provider with a strong presence in both the China POS and online acquiring markets, will produce the integration of Huifu´s technology platform with First Data´s payment gateway. > See Article

Sept 19, 2018

Thanks to Boon, Google Pay is Now Available to all Android Users in Italy

Wirecard is making its mobile payment solution Boon available to download in the Google Play store for the launch of Google Pay in Italy.  > See Article

Sept 18, 2018

Visa, Mastercard to Settle Retailers Class-action Suit for $6.2 Billion

Visa Inc., Mastercard Inc,. and some U.S. banks have agreed to pay $6.2 billion to settle a class-action lawsuit over card swipe fees. The antitrust lawsuit was brought by U.S. retailers in 2005 over the fees they pay when they accept card payments. > See Article

Sept 18, 2018

BlueSnap Expands Local Payment Processing Capabilities to the Australian Market

The all-in-one payment platform connects global and domestic Australian businesses to 30 global banks with one contract and one account with a single integration. > See Article

Sept 18, 2018

Accelya and Mastercard Partner to Provide an End-to-End Payment Management Solution for Airlines

The payment gateway platform provides airlines a choice of payment options while allowing transaction visibility from order to cash. > See Article

Sept 18, 2018

Wirecard Issues Singapore´s First Digital Multicurrency Card RHB TravelFX

The payment solution provides an easy-to-use platform that offers customers very competitive foreign exchange rates, real-time currency exchange, and the freedom to use local currency overseas. > See Article

Sept 17, 2018

FE Credit Enables Mobile Payments for Its Cardholders across all Card Accepting Terminals through Samsung Pay

FE Credit cardholders can now pay through Samsung Pay at any card accepting terminal in Vietnam or anywhere in the world, without requiring NFC capability at the merchant. > See Article

Sept 17, 2018

First Data Ships 1 Millionth Clover Device

The milestone comes less than two years after shipping its 500,000th Clover device. > See Article

Sept 17, 2018

Alliance Data Provides Card Services Performance Update for August 2018

Average receivables totaled $17.73 billion, up 13% year over year. Net charge-offs totaled $85.56 million.   > See Article

Sept 17, 2018

Singapore Rolls Out Unified Payment QR Code SGQR in Latest Cashless Push

Dubbed the world´s first unified payment QR code, the SGQR is compatible with 27 payment schemes including PayNow and NETS, and will be deployed over the next six months. > See Article

Sept 14, 2018

Alipay face-scanning payment machines expected to be put into use in Chengdu, China´s Sichuan

Thousands of Alipay face-scanning payment machines are expected to be put into use in Chengdu at the end of this year. > See Article

Sept 13, 2018

Payability Launches New Card Program to Give eCommerce Sellers Faster Access to Marketplace Revenue

The new card product, powered by open-API platform Marqeta, allows sellers to tap their cash flow in order to reinvest in their businesses. > See Article

Sept 13, 2018

Discover to Increase Card Acceptance in Mexico Through Network Alliance with Prosa

Discover, Diners Club International, Pulse and network affiliate cards will now be accepted on Prosa’s network in Mexico at both point-of-sale and ATM locations. > See Article

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