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Norwegian banks defend Vipps P2P mobile payment against Nordic rivals
In an ambitious move, 100 Norwegian banks have taken a stake in the Vipps P2P mobile payment app developed by DNB in a bid to block competition from rival Nordic platforms and the likes of Facebook, Google and Apple. DNB, the SpareBank 1 alliance, the Eika alliance, Sparebanken Møre and the 15 independent savings banks which also [...]
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SolarisBank to work with MasterCard developing banking API’s
SolarisBank has entered a strategic agreement with MasterCard to use the card scheme’s global infrastructure to develop new banking API’s and payments modules for digital startups as a banking-as-a-service platform. The company, which provides a set of plug-and-play APIs to power banking services for fintech startups, has now achieved Principal Membership status with MasterCard, providing [...]
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LG forced to delay LG Pay mobile payment launch again
Once again, LG Electronics has been forced to delay the launch of LG Pay, its proprietary mobile wallet, until 2017. This is the second launch delay for the wallet, which was originally supposed to be introduced along with the new LG V20 phone that starts selling in South Korea at the end of the month. However, [...]
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Mobile payment acceptance solution using BLE for Nets Merchant Services
A new in-store mobile payment solution is set to be rolled out across Denmark. Utilising a smart phone based mobile wallet, Dankort cardholders will benefit from an enhanced experience using Bluetooth Low Energy (BLE). The solution uses a BLE acceptance device developed by Spire Payments that will be deployed as an upgrade to tens of [...]
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CVS fractures market further and launches mobile payment system
CVS, which has yet to adopt Apple Pay and other NFC-based payment services, has launched a mobile payment solution of its own. It’s aptly called CVS Pay, and it shows a barcode on the phone screen that the pharmacy can then scan to ring up your purchases, so long as you link a credit or [...]
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