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The European Central Bank (ECB) today released a comprehensive set of “Recommendations for the security of internet payments”, following a two-month public consultation carried out in 2012. The Recommendations represent the first achievement of the European Forum on the Security of Retail Payments (SecuRe Pay), a voluntary cooperative initiative between relevant authorities from the European [...]

The post ECB releases final Recommendations for the security of internet payments appeared first on Payments Cards & Mobile.

Banco Popular has reached an agreement with EVO Payments International, one of the largest merchant acquirers in the United States, to form a joint venture to provide merchant acquiring services to the Spanish market.  Under the proposed transaction, EVO Payments International will acquire a controlling interest in Banco Popular’s merchant acquiring business in Spain. In [...]

The post Banco Popular and EVO Agree to form Merchant Acquiring JV in Spain appeared first on Payments Cards & Mobile.

MasterCard has today announced that ten UK payment service providers have committed to PayPass Online by MasterCard, part of PayPass Wallet Services, dramatically increasing the number of UK merchants able to accept wallet payments online and on mobile.  Leading UK payment service providers  (CQR, CreditCall, DataCash, MoPowered, Optimal Payments, Pensio, Sage Pay, SecureTrading, The Logic Group,and [...]

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FICO today released its quarterly UK cards data showing that average total sales per ‘classic” card hit a two-year high in September. The latest data from the FICO Benchmark Reporting Service showed that average total sales on classic cards — which exclude premium cards, student cards and Irish cards — hit £550, a 14 percent increase over [...]

The post UK Card spending rose in run-up to Holiday Season appeared first on Payments Cards & Mobile.

Russia’s largest state-owned bank Sberbank said Wednesday it is buying 75% minus one share of Yandex.Money from Russia’s most popular search engine, Yandex NV, in a deal worth $60 million. "This company is one of the biggest successes in the Russian market," German Gref, chief executive of Sberbank told reporters Wednesday. "We think this partnership will help [...]

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