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There is a massive trend in many industries for co-development of solutions. Apple does not develop all apps themselves but provide a platform for others. Amazon does not produce own books and electrical goods but provides the means for others to sell their wares. Now banks are looking not only to develop their own mobile [...]

The post Making PSD2 access to bank accounts work in practice appeared first on Payments Cards & Mobile.

Spire Payments is set to launch its SPx1, a next generation SmartPOS device, and its ‘Converge’ payment software framework. The SPx1 SmartPOS is a milestone in the evolution of payment devices. Seamlessly running multiple applications, this EMV and PCI approved Android device offers an enriched consumer/merchant interaction point akin to a tablet or smart mobile [...]

The post Spire Payments launches Android-based SmartPOS appeared first on Payments Cards & Mobile.

NACHA released Same Day ACH transaction volume data for October, the first calendar month following Phase 1 implementation on Sept. 23, 2016. Same Day ACH, an industry initiative to move payments faster, was responsible for 3.8 million transactions in October, totaling $4.98 billion with an average transaction amount of $1,303. This data shows strong use [...]

The post 4 million ($5bn) same day ACH Payments transacted in October 2016 appeared first on Payments Cards & Mobile.

Automatia says it has launched Finland’s first real-time mobile payments platform based on a multi-banking platform, named Siirto. Tieto has designed and implemented the service. Siirto is an open payment platform which follows the new regulations set by EU’s Payment Service Directive (PSD2), paving the way for new innovations and payment solutions within the financial [...]

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According to new research from Berg Insight, the market for NFC-ready POS terminals continues to show strong momentum in 2016 with annual shipments anticipated to reach an estimated 16.1 million units worldwide. The attach rate for NFC was highest in EU28+2 and North America, where 93% and 92% respectively of the POS terminals shipped featured [...]

The post NFC-ready POS terminals to reach 16.1 million in 2016 appeared first on Payments Cards & Mobile.