An emerging technology called Near Field Communication will soon give new meaning to the phrase “tapped out.” Once NFC systems become widespread, which could happen as soon as next year, consumers will be able to pay for purchases at the checkout counter by simply tapping their cell phones, rather than digging out a credit or […]
Hold the phone: retailers eye payments via smartphone Read More »
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 of last month in 22 hypermarkets. Terms were not disclosed. The terminals allow customers to use a touchscreen to sign for
Russian Hypermarket Owner Signs Ingenico Terminal Deal Read More »
Alfa-Bank has received Russia’s first certification for Visa Inc.’s payWave contactless-payment platform for credit and debit cards. The issuer is using the payWave function in its classic, gold, platinum and platinum black credit cards and in its debit cards, but not cobranded or customized cards, according to the bank. Each card includes both the contactless
Alfa Bank Receives Visa PayWave Certification Read More »
MasterCard Worldwide has signed a letter of intent with Russian cell-phone carrier Mobile TeleSystems to bring PayPass contactless-payment functionality to Russian mobile data only sim phones, the card brand announced Oct. 28. Mobile TeleSystems, which will offer SIM cards embedded with PayPass functionality, demonstrated the technology at the Rosnanotech 2011 conference. It is the first
MasterCard Signs Deal To Bring PayPass To Russian Cell Phones Read More »
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 place by mid-2012 at 20,000 retail locations and taxis and will cost a total of S$40 million (US$32 million or 23
Singapore To Deploy National NFC Mobile-Payments Platform Read More »
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, and, with the use of a special cover, make contactless payments. The service, called Commbank Kaching, will be available for download
Australia’s Commonwealth Bank Unveils Mobile-Payment Platform Read More »
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, and, with the use of a special cover, make contactless payments. The service, called Commbank Kaching, will be available for download
Australia’s Commonwealth Bank Unveils Contactless Mobile Payments Read More »
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 announced Oct. 17. The Russian bank has offered online bill-payment services since 2007, but the new service connects directly with the
Citi Russia Helping Moskovites Pay City Bills Read More »
China’s new multifunction contactless social security card will support yuan-denominated cash withdrawals, funds transfers and other consumer-oriented banking applications, government officials told reporters at a press conference Aug. 30. However, it will not support a credit card function, officials said, not explaining why. Earlier this month, China’s Ministry of Human Resources and Social Security announced
New Chinese Social Security Card To Include Payment, Banking Applications Read More »
Google ’s two-factor authentication system, which allows individual users to opt for a second login step, is now available in hundreds of countries and dozens of languages
Google’s Two-Factor Authentication More Widely Available Read More »
Japanese conglomerate Mitsui & Co. Ltd. has acquired 14.9% stake in Qiwi Ltd., a Russian company registered in Cyprus that specializes in instant-payment kiosks, the two companies announced Jan. 18.
Russian Payment Kiosk Firm To Target U.S., Brazil Read More »
Russian credit cardholders will spend 10% more this month on their holiday spending compared with what they spent last December, ZAO Citibank predicts in a Dec. 13 report.
Russian Holiday Spending To Grow 10% Compared With Last Year, Citi Says Read More »
Financial institutions in India by 2014 will issue a combined 28 million credit cards, which would represent a 13% increase from the 24.7 million cards they issued as of March 30 this year, according to a new research report released Dec. 13.
Indian Credit Card Market Predicted To Reach 28 Million Cards By 2014 Read More »
The 258 McDonald’s restaurants in Russia now accept bankcards, the fast-food provider’s acquirer Russian Standard Bank announced Dec. 13.
Russian McDonald’s Restaurants Complete Card-Terminal Deployments Read More »
Russian Standard Bank has become the first European bank to offer person-to-person funds transfers through MasterCard Worldwide’s MoneySend platform, the companies announced Dec. 6.
MasterCard, Russian Standard Bank Strike MoneySend Deal Read More »
