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MCX loses participating merchant Rite Aid
US mobile payments consortium MCX has suffered a blow after US drugstore chain Rite Aid announced activation support for rival products from Google and Apple across its 4,600 outlets across the US, joining Best Buy in dropping support for MCX. The decision to support Google and Apple reverses Rite Aid’s earlier move to switch off [...]
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American Express adds Apple Pay for US corporate cards
American Express has announced that its corportate card portfolio will be activated for Apple Pay, allowing cardmembers to pay on the go with compatible Apple devices. The mobile payment option is available for eligible US corporate cards. Apple Pay allows American Express cardmembers to add their eligible corporate card and pay with their mobile devices [...]
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Android accounts for most mobile fraud – Kount
The rate of mobile fraud is highest on Android devices, according to new data from fraud specialists Kount, with mobile fraud also outpacing that of online and in-store fraud for the first time this year. The company analysed over 100 million transactions across various devices from its customer base of thousands of merchants across all [...]
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SIX and Swisscom team up for mobile payments
Swiss payment service provider SIX and telco Swisscom are collaborating with Swiss banks to introduce a universal mobile payment service for online and offline transactions nationwide. The news follows the launch of the mobile-to-mobile payment service Paymit in May this year. According to SIX and Swisscom, Paymit will now be expanded to retail and commerce segments along [...]
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Visa develops new mobile payment service
Visa is preparing for the launch of a new mobile payment service for the Indian market. As part of the plans, Visa is establishing a technology centre in the Bangalore area of the country. The Bangalore centre is one of several facilities planned by Visa in the US and Asia as part of a global [...]
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