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Visa’s new commercial standard for mobile payments
Visa Inc. has announced a new program that connects financial institutions and technology companies to simplify and accelerate the roll-out of new and mobile payments and commerce services. Visa’s new Digital Enablement Program (VDEP) builds on the company’s secure token technology and adds a turn-key, toll-free commercial framework accessible to more than 14,500 Visa financial institution [...]
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Cash overtaken by ‘non-cash’ payments in 2014
Figures published today show that the total number of cash payments made by consumers, businesses and financial organisations in the UK fell to 48% last year (from 52% in 2013). This is the first time that ‘non-cash’ payments have exceeded those made with cash, reflecting the steady trend to use automated payment methods and debit [...]
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Visa and MasterCard shares surge as China ends card monopoly
Shares in Visa Inc. and MasterCard Inc. climbed the most since October after China’s government indicated it plans to end a monopoly in bank-card clearing. Visa gained 4.1% to close at $68.01 in New York, the best performance in the Dow Jones Industrial Average. MasterCard advanced 3.9% to $91.20. Rules published Wednesday by China’s State [...]
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UK is the global leader in contactless payments
According to a new research from Timetric, contactless payments have become a major tool for migrating consumer payments from cash to cards, particularly debit cards. “Contactless cards have gained popularity in the UK, contributing to the growth of payment cards transaction values over the last few years. Contactless technology is now a feature of around [...]
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Vodafone wallet to accept contactless card payments
Vodafone customers will soon be able to add bank cards to their Vodafone Wallet and use smartphones to pay for goods and services at contactless terminals. Following new agreements with Visa and Carta Worldwide, contactless card payments via Vodafone Wallet will be enabled in European markets from Q2 2015 onwards. This service, which requires a Vodafone [...]
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