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Mastercard piloting turning smartphones into payment terminals
Mastercard unveiled a pilot project in Poland, turning smartphones into payment terminals for accepting contactless payments. The solution is aimed at small and micro merchants that have traditionally taken cash payments, providing them with a simpler and more secure way to run their business. A recent study commissioned by the Polish Foundation for Development of Cashless [...]
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Indian digital transaction volumes hits 860 million per month
Digital transaction volumes in India hit a new record in July growing almost 2% from the previous month to 859.2 million, according to data released by the Reserve Bank of India. While digital payments in the country have witnessed a meteoric growth trajectory over the last few months, wallet transactions and card payment increases have [...]
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The Global Payments Innovation Jury report
The Global Payments Innovation Jury report for 2017 exists because 70 senior industry executives were prepared to give their time to thinking through and setting out their views on many complex issues determining how payments innovation happens. The 70 jurors come from 37 countries across 6 continents which is the highest participation ever; all the [...]
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A single version of the truth: The transformative power of global card payment acceptance standards
Recent payments conferences have highlighted some pressing issues which, when addressed, have the power to transform the world of card payment acceptance, both across Europe and globally. How can merchants’ payment acceptance systems harmonise across borders and deliver the kind of seamless interoperability that merchants need to expand quickly into new territories? asks Arnaud Crouzet, General [...]
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New FIME tool qualified by EMVCo for Level 1 Testing
FIME has completed its EMV Level 1 testing portfolio with the launch of EMVeriPOS. The new tool ensures that the communication between payment terminals and contact EMV chip cards is in line with EMVCo’s Level 1 Contact Protocol Specifications. This enables terminal and mobile point-of-sale (mPOS) vendors in any market around the world to increase efficiency [...]
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