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MasterCard gaining ground on Visa in the Americas
Visa and MasterCard account for 69% of the 2.9 billion payment cards issued in the nine countries in the Americas, and this share continues to increase. RBR’s study reveals that although Visa is the largest card scheme in the Americas, MasterCard gained ground in 2014 with an increase of 1.3 percentage points, compared to Visa’s [...]
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Samsung Pay: interview with EVP Injong Rhee
There has been a lot of enthusiasm for Samsung’s mobile wallet, Samsung Pay, and the ways in which it differs from other mobile payment systems. Samsung Pay launched in Korea last month, and the mobile payment solution has already proven its biggest advantage is its nearly universal merchant acceptance with both of NFC and MST(Magnetic [...]
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Australia court fines Visa $12.6m for anti-competitive conduct
Visa has been penalised $18 million for attempting to block the expansion of its rivals in Australia. Justice Michael Wigney of the Federal Court handed down the penalty plus $2 million in legal costs against Visa saying it should send a clarion call to multinationals operating in Australia that it would not tolerate conduct that contravened [...]
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Thales issues Visa Ready security certification for mobile payments
Thales has announces that its Information Technology Security Evaluation Facility (ITSEF), a long standing partner of Visa, is the first facility to have carried out the certification of the Antelop Payments HCE mobile payments application as per Visa’s latest security requirements. With Antelop HCE, card issuers can instantly bring contactless mobile payments to their customers, leveraging [...]
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UK spend limit on contactless cards lifted
UK consumers will now be able to spend up to £30 using contactless cards after the limit was increased. The limit per transaction for contactless cards, which do not require a PIN or a signature to authorise payment, was previously £20. The move follows a huge rise in the number of people using contactless cards in [...]
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