Industry News

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

Dec 11, 2018

UnionPay International Partners With Pine Labs to Expand Visibility in India

The partnership will allow UnionPay cardholders who travel to India to transact at all Pine Labs point-of-sale terminals in over 3,000 cities across diverse sectors - electronics, food & beverage, hospitality, fashion, pharmacy, telecom and airlines. > See Article

Dec 11, 2018

Actis and management agree to sell African credit information and analytics business Compuscan to Experian

The acquisition, valued at ZAR3.72bn, is subject to review by the competition regulator in South Africa.   > See Article

Dec 10, 2018

ACI Worldwide and BioCatch Protect Consumers from Online and Mobile Banking Fraud with Behavioral Biometrics

ACI Worldwide announced a collaboration with BioCatch to protect customers from online and mobile banking fraud such as account takeover. In addition to machine learning and advanced analytics capabilities from ACI´s UP Payments Risk Management solution, banks around the world will now benefit from BioCatch´s real-time behavioral assessments to identify a wide range of cyberthreats without disrupting the user experience. > See Article

Dec 10, 2018

Obopay Partners with Federal Bank & Mastercard to Launch Its Own Prepaid Card for Corporates

Digital payment company Obopay has partnered with Federal Bank and Mastercard to launch a prepaid payment solution for corporate clients to manage their disbursement and payment solutions. The card can be useful for all forms of corporate entities like distributors, colleges, factories, retailers, etc. > See Article

Dec 10, 2018

Mastercard partners DPO Group to boost Pan-African merchant payments

The collaboration will enable DPO to act as a Pan-African switch by using the Mastercard Payments Gateway Services, allowing DPO to authorize transactions without requiring any bank integration. > See Article

Dec 7, 2018

Cerebri AI Selected for Mastercard Start Path

Cerebri AI, the creator of the Cerebri Values system for enhanced customer experience, was one of 10 start-ups recently selected from a global pool of over 1,600 applicants to join Mastercard´s Start Path program. > See Article

Dec 7, 2018

Raiffeisen Bank Reaches 500,000 Credit Card Threshold

Raiffeisen Bank has exceeded the threshold of 500,000 shopping cards, the largest credit card portfolio of a bank in Romania. In addition, since November, the bank has been offering individuals the ability to obtain their cards immediately. > See Article

Dec 7, 2018

Visa, Mastercard Offer to Cap Tourist Card Fees to End EU Probe

Visa and Mastercard have offered to cap the fees charged on card payments made by tourists in the European Union to stave off fines and end an EU antitrust investigation. Visa and Mastercard have proposed a 0.2 percent fee on non-EU debit card payments carried out in shops and a 0.3 percent fee on credit card payments. > See Article

Dec 6, 2018

Citi Offers Complete Suite of Apple Products on the Citi ThankYou Rewards Digital Redemption Platform

In Australia, Hong Kong, the Philippines, and Thailand, Citi customers can now use their credit card points or miles to redeem items from a complete suite of Apple products on the bank´s digital rewards redemption platform. In Malaysia, Singapore, and Taiwan, customers will be able to do the same by 2019. > See Article

Dec 6, 2018

Boku Inc. acquires Danal Inc for $112-million consideration

The acquisition of Danal will accelerate the development of Boku’s mobile identity-service offering, allow expansion into new merchant segments, and ensure broader exposure to key geographies. > See Article

Dec 5, 2018

Bill.com Selects Comdata as Virtual Credit Card Provider for B2B Payments

Through the agreement, Comdata will serve as the company´s virtual credit card provider, as Bill.com continues to digitize business-to-business payments. > See Article

Dec 5, 2018

Bank Islam Brunei Darussalam Chooses Rambus to Secure Mobile Payments

The Rambus software platform will replace cardholders´ details with unique reference numbers to minimize the risk of fraud and the severity of data breaches.  > See Article

Dec 4, 2018

Walmart Offers New Service for Customers to Order and Pay for Online Items in Stores in One Seamless Transaction

Walmart store associates can now place item orders for customers from Walmart.com via an app on their handheld touchscreen devices. > See Article

Dec 4, 2018

Mobile Payment Apps Take In-App and In-Person Payments with Square Flutter Plugins

By adding a few lines of code to the Flutter app, merchants can now take payments with a swipe, dip, or tap when using their Square Reader device. > See Article

Dec 4, 2018

Equifax Joins Global Effort to Advance & Strengthen Cybersecurity

Equifax is partnering with the World Economic Forum´s Centre for Cybersecurity, established in 2018 by the World Economic Forum, to shape the future of cybersecurity.   > See Article

Dec 3, 2018

Wex Signs Long-Term Fuel Card Processing Deal with Z Energy

Z Energy, a leading New Zealand Transport Energy Company, has selected Wex to develop, support, and manage a fuel-card processing platform for Z Energy in New Zealand along with an agreement to process Z Energy´s fuel cards over the next 5 years. > See Article

Dec 3, 2018

myPOS Announces Online Payment Acceptance with the Bancontact Payment Method

All myPOS clients can now accept online payments made with Bancontact cards through myPOS Online services such as PayButton, PayLink, and myPOS Checkout. > See Article

Dec 3, 2018

Mastercard, Microsoft Join Forces to Advance Digital Identity Innovations

Mastercard and Microsoft aim to give people a secure, instant way to verify their digital identity with whomever they want, whenever they want. > See Article

Nov 30, 2018

Dubai´s Biggest Bank Embraces Google Pay Technology

Emirates NBD has announced that its debit and credit card customers can now pay via Google Pay. > See Article

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