Payments News

On The Web

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Deals

JPMorgan to Buy Majority Stake in Volkswagen’s Payments Business

“JPMorgan (JPM.N) has struck a deal to buy a majority stake in German car giant Volkswagen’s (VOWG_p.DE) payments business ahead of a planned rollout of in-car technology that allows drivers to automatically pay for fuel or tolls. The U.S. bank has agreed to buy close to 75% of Volkswagen Payments S.A. for an undisclosed sum, […]
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On The Wires

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Use

BlackBerry IVY to Provide Secure Vehicle-Based Payments

“BlackBerry Limited (NYSE: BB ; TSX: BB), today announced a new solution to deliver highly-secure vehicle-based payment capability to unlock a connected car payments market that is projected to reach over €530 billion by 2030. This vehicle-based payment solution will create new opportunities for automakers to offer a vast array of payment services and develop previously […]
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Companies

SumUp and Mastercard to enable vehicle payment solutions for European small businesses

“SumUp and Mastercard are announcing their new payment services tailored for Ford commercial vehicles in Germany, France, Italy, Spain and the United Kingdom. With this new solution, small business owners that typically use commercial vehicles – including food trucks, beverage suppliers, mobile florists and other tradespeople – can accept card payments directly from their vehicles.”