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Europe's Fast-Moving Mobile Wallet Scene Puts Pressure on Bank Tech
The swarm of new mobile payment initiatives has left traditional bank issuers with little choice but to shoehorn modern mobile wallets into their aging infrastructure.  more »
Image: Bloomberg News
Image: Bloomberg News
Demonstrating that its contactless payments technology can serve other purposes, Powa Technologies will provide its PowaTag to Vodafone customers in the U.K. as a way to add minutes to their phone plans. more »
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China's central bank on Friday proposed a series of restrictions that may restrict overall e-commerce activity rather than simply funnel it through the state-controlled banking system. more »
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E-commerce payment service provider Payfort has begun offering its merchant clients in Arab countries support for monthly payment plans. more »
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YellowPepper, a Latin American mobile payments firm, named the former president and founder of defunct near-field communication (NFC) firm ViVOTech as its board chair. more »
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DigiSeq is aggressively pushing a future of wearable computing, contending that payments should be baked into whatever device the consumer is using, rather than a specific device an issuer directly distributes or chooses to perform financial services. more »
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The mobile point of sale market already seems overcrowded, but what's out there now is just a taste of what's to come, according to 451 Research. more »
Fujitsu's touchless palm vein reader.
Fiserv is aiming to improve the accuracy and cost-effectiveness of biometric authentication by shipping palm-biometric kits to its customers. more »
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Fidelity National Information Services Inc., the payment-services provider known as FIS, is in exclusive talks to buy SunGard Data Systems Inc. in a deal with an enterprise value of more than $8.3 billion, people familiar with the matter said. more »
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While the blockchain will doubtless offer some amazing innovations, much of the hype has focused on obtuse applications in existing markets rather than an exploration of how the technology will be used to create entirely new markets. There are big changes that are being pursued by the best and most ambitious minds in the financial technology and payments industries. more »
Particularly in the fast-food industry, the menu of mobile capabilities is more super-sized than ever — and it's one of the rare payments trends that's actually being driven by the consumer. more »
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Switzerland's Migros is the country's largest retailer and employer, as well as the owner of a prominent local bank, giving the company an unconventional perspective on the costs and benefits of mobile payments. more »
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American Express and Best Buy will allow consumers to make purchases on the retailer’s website using the reward points earned from their Amex spending. more »