MasterCard hopes its face fits with new biometrics initiative

MasterCard is to launch a pilot with 500 users to test fingerprint and facial recognition technology, according to CNN Money. The pilot will measure whether biometrics are a viable alternative to passwords for e-commerce sites. The rationale is that passwords …

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Wirecard pitches platform to retailers

German firm Wirecard launched a mobile checkout development platform targeted at European retailers. The platform enables retailers to make their own app more attractive to end-users by integrating open- and closed-loop contactless payments, P2P gifting, offers and merchant loyalty. Closed-loop …

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UK’s Barclaycard launches three wearable payment devices

UK credit card Barclaycard will this week (1 July) debut three bPay payment bands – a wristband, fob and sticker – that will enable users to make contactless payments. The card firm, which is part of Barclays bank, envisages a number of …

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Ecobank, MasterCard to rollout mPoS in Africa

As part a multicountry agreement between Ecobank Group and MasterCard, the pan-African bank will distribute thousands of mobile Point of Sale (mPoS) devices to retailers in selected African countries. MPoS devices extend Ecobank’s coverage by allowing merchants to process MasterCard …

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MasterCard claims tokenisation first for store-branded credit cards

MasterCard said it is the first credit card network to offer tokenisation to store-branded credit cards that appear in digital wallets, including the just announced Apple Wallet. BJ’s, Kohl’s and JCPenney will be among the first retailers to bring mobile payments …

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Google will not receive transaction fees for Android Pay

Google is unable to levy transaction fees on banks and other card issuers who support Android Pay, thanks to recent standardisation of Visa and MasterCard’s tokenisation services, said The Wall Street Journal. And the card issuers hope Google’s no-fee approach …

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Visa builds on its tokenisation efforts

Visa’s Digital Enablement Programme (VDEP) has built on the company’s existing work in tokenisation and adds a turnkey, toll-free commercial framework that is accessible to its financial clients and tech partners. The new initiative got somewhat lost in the hoopla …

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Google unveils updated payments push

Google unveiled Android Pay, stating that the new payment service is “bringing together mobile carriers, payment networks, banks and retailers to deliver you choice and flexibility”. “We believe the same partnership model that fuelled Android’s growth from a single device …

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MasterCard launches P2P service for digital payments

MasterCard launched a new service that enables organisations or individuals in the US to send payments to users either domestically or internationally, including the unbanked as well as those with bank accounts. Called MasterCard Send, the service enables a range …

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