Mastercard has signed up four WHSmith retail brands for Pay by Bank (PbBa), a strong customer authentication-compliant payments service that uses customers’ mobile banking apps and the UK’s faster payments system to let online retailers accept payments direct from shoppers’ bank accounts... More
Mastercard has announced it is to work with blockchain specialist R3 “to develop and pilot a new blockchain-enabled cross-border payments solution that will initially focus on connecting global faster payments infrastructures, schemes and banks supported by a clearing and settlement network operated by Mastercard”... More
Saudi Payments, Saudi Arabia’s national payments infrastructure operator, is to use a combination of NFC and contactless payments, a new faster payments system and the introduction of a common QR code platform to reduce the use of cash and speed up its move towards a cashless society, managing director Ziad Al Yousef has told NFCW... More
“Tokenization has succeeded in mitigating fraud elsewhere in mobile payments, and is now ready to do the same for real-time payments, enabling account-based transactions to be processed faster and safer than ever before,” Rambus’ David Worthington explains in a new white paper that is now available to download from the NFC World Knowledge Centre... More
PARTNER NEWS: Rambus has unveiled Payment Account Tokenization, a new solution that increases the security of direct credit, direct debit and person-to-person (P2P) payments services by replacing account numbers with unique tokens... More
The Federal Reserve has released details of nine new tactics it plans to employ to improve the US payments system across five key areas — speed, security, efficiency, international payments, and collaboration... More
UK payment infrastructure operator VocaLink has signed a letter of intent with Thailand’s main interbank payments provider National ITMX to collaborate on the development of a mobile payment solution for banks, consumers and businesses in Thailand... More
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