Payments News

On The Web

nbsp;

Companies

Mastercard Extends Partnership With Phos

“Mastercard has extended its partnership with Point of Sale software provider phos as part of efforts to grow coverage of contactless card transactions.The renewed collaboration will see phos, a FinTech which provides software-only Point of Sale (SoftPoS) solutions, and Mastercard extend coverage to support Tap on Phone, a Mastercard solution that turns phones into payment […]
nbsp; nbsp;

Domains

Argentine Fintech Ualá Takes Mobile Payments to Small Businesses

“Argentina’s Ualá, the mobile payments company backed by heavyweight investors including George Soros, Steve Cohen and Tencent Holdings Ltd, is expanding into merchant services in Argentina. The company is launching Thursday a variety of services that cater for the first time to small businesses, said Ualá’s founder and chief executive officer, Pierpaolo Barbieri. Ualá will […]
nbsp;

Domains

BBVA to pilot contactless payments acceptance on standard Android NFC smartphones

“Spanish banking group BBVA is to pilot a service which will enable merchants to accept contactless payments on their Android smartphones without the need of additional hardware. The proof of concept pilot will integrate fintech company Rubean’s PhonePOS solution into the merchant apps of up to 2,000 of BBVA’s merchant clients in Spain, allowing them […]
nbsp;

Domains

Paytm’s new Android PoS for ordering, billing, and payments

“Paytm is offering shopkeepers for Rs 499 per month an android-based point of sale device along with bundled software services that enables them to receive digital orders, accept digital payments and generate compliant bills. Styled like a mobile phone for accepting orders and payments on the go, Paytm said this is the first such Android-based […]
nbsp;

Companies

Apple Buys Startup to Turn iPhones Into Payment Terminals

“Apple Inc. has acquired Mobeewave Inc., a startup with technology that could transform iPhones into mobile payment terminals, according to people familiar with the matter. Mobeewave’s technology lets shoppers tap their credit card or smartphone on another phone to process a payment. The system works with an app and doesn’t require hardware beyond a Near […]
nbsp;

Deals

Gojek Acquires Payments Startup Moka for $130 Million

“Indonesia’s ride-hailing and food-delivery giant Gojek has acquired a mobile point-of-sale startup called Moka for about $130 million, according to people familiar with the deal. Jakarta-based Moka, present in more than 100 cities across Indonesia, provides point-of-sale and payments services to owners of more than 35,000 restaurants, coffee shops and retail outlets.”

On The Wires

nbsp;

Companies

Mastercard Pioneers Cloud Tap on Phone, Its First Pilot of Cloud Point of Sale (POS) Acceptance Technology | Asia Hub

“Mastercard has partnered with NMI and Global Payments Inc. to launch its first live Cloud Tap on Phone pilot with Computer Engineering Group (CEG), a California-based independent IT services provider. Cloud Tap on Phone is one of Mastercard’s innovative next generation acceptance products, with the software hosted on Microsoft’s Azure Cloud platform. Mastercard has been […]
nbsp;

Domains

Visa Issues MagicCube a Security Compliance Allowance to Provide Faster and More Scalable Solutions to Deploy SoftPOS + PIN

“MagicCube , the leader in the new category of Software Defined Trust (SDT), today announced that Visa® has issued a security compliance allowance for i-Accept™, a complete software-based replacement for traditional payment acceptance terminals. This compliance confirms that MagicCube has successfully completed the security evaluation by Brightsight, the largest independent security testing lab in the world, based […]
nbsp;

Domains

Kroger Launches Contactless Payments Pilot in QFC Division

“The Kroger Co. today announced the launch of a contactless payments pilot across the QFC division, located in Seattle, Wash., allowing customers to use their mobile device for a more seamless checkout experience. The pilot includes the acceptance of Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, mobile banking apps and contactless chip cards, underpinned by near-field […]