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Nets says it plans for an initial public offering, with Scandinavia’s biggest payments processor is aiming to raise DKr5.5bn ($824m) through the issue of new shares and a partial sell down by its private equity owners. The planned flotation on the Danish stock market comes only two years after it was bought by Bain Capital [...]

The post Nets Holding announces plans for IPO appeared first on Payments Cards & Mobile.

For the first time on the Russian market, MDM Bank, one of the largest private banks in Russia, has launched single-tap Mastercard Contactless mobile payments with no additional passwords. Using the MDM Bank mobile app, customers can now pay from their Mastercard account with no need to enter a PIN-code or additional app password or [...]

The post Contactless mobile payments via mobile – no additional passwords appeared first on Payments Cards & Mobile.

High-risk acquiring often means high rewards for acquirers and payment service providers. However, balancing risk with reward in the e-commerce channel can be fraught with hazards for the unwary. The risks from unscrupulous merchants, consumers and criminals are high. And when the stakes are high, doubling down may not be an option… ACQUIRER RISK WAS [...]

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Chargebacks have been part of card scheme dispute resolution rules for decades and reflect consumer protection regulations in many countries. However they are also the ultimate un-virtuous circle where almost everyone ends up unhappy. Some of the parties also end up out of pocket. A chargeback is when a card payment is returned. This may [...]

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Consumer-merchant engagement is fundamentally changing, becoming more digital and more open. Shoppers from all age groups increasingly purchase goods and services at home, at work, or on the go, via eCommerce and mCommerce in lieu of buying from physical shops. Before purchase shoppers learn about products through online review sites and afterwards use social media [...]

The post Fast-track merchant growth paths in eCommerce appeared first on Payments Cards & Mobile.