Multifactor Momentum

Multifactor authentication, the process of using more than one method or system to confirm the identities of consumers online, has been around for years. But recent regulatory guidelines, increasing criminal activity, lower costs and...

Russia’s Alfa-Bank And Rosbank Sign Surcharge-Free ATM-Sharing Deal

Russia’s Alfa-Bank And Rosbank Sign Surcharge-Free ATM-Sharing Deal

Alfa-Bank and Rosbank earlier this month merged their ATM networks as the Russian financial institutions looked to compete with Sberbank, the country’s largest bank. Read full article at PaymentsSource (paid subscription required).

Russia’s Q1 Credit Card Receivables Up 79%

Russia’s Q1 Credit Card Receivables Up 79%

The Russian credit card market grew to 422.9 billion rubles (US $13.4 billion) in receivables in the first quarter of this year, up 79% from 235.8 million rubles during the same period last year,...

Russian Hypermarket Owner Signs Ingenico Terminal Deal

Russian Hypermarket Owner Signs Ingenico Terminal Deal

All of Russia’s Auchan hypermarkets will deploy Ingenico payment terminals by the end of 2012, the global payment technology vendor announced Jan. 24. Auchan selected Ingenico’s iSC250 terminals, and 1,700 had been deployed as...

Alfa Bank Receives Visa PayWave Certification

Alfa Bank Receives Visa PayWave Certification

Alfa-Bank has received Russia’s first certification for Visa Inc.’s payWave contactless-payment platform for credit and debit cards. Read full article at PaymentsSource (paid subscription required).  

MasterCard Signs Deal To Bring PayPass To Russian Cell Phones

MasterCard Signs Deal To Bring PayPass To Russian Cell Phones

MasterCard Worldwide has signed a letter of intent with Russian cell-phone carrier Mobile TeleSystems to bring PayPass contactless-payment functionality to Russian mobile phones, the card brand announced Oct. 28. Mobile TeleSystems, which will offer...

Singapore To Deploy National NFC Mobile-Payments Platform

Singapore To Deploy National NFC Mobile-Payments Platform

Singapore’s Infocomm Development Authority has put together an industry group to develop a system under which consumers may pay for taxi fares and small purchases with their mobile phones. The system will be in...

Australia’s Commonwealth Bank Unveils Mobile-Payment Platform

Australia’s Commonwealth Bank Unveils Mobile-Payment Platform

The Commonwealth Bank of Australia on Oct. 26 unveiled a mobile-payment platform to enable iPhone-owning customers to do online banking, instantly send funds to Facebook friends or to anyone’s email address or telephone number,...

Citi Russia Helping Moskovites Pay City Bills

Citi Russia Helping Moskovites Pay City Bills

ZAO Citibank has launched a free service that enables Moscow residents to pay their city real-estate, telephone and energy bills automatically by billing to their Citibank debit or credit card accounts, the Moscow-based company...