The People’s Bank of China (PBOC) is preparing to launch a central bank-backed digital currency on 11 November, according to a Forbes report — and is to kickstart usage by distributing it to UnionPay, Tencent, Alibaba and several Chinese banks in time for consumers to use it on Singles Day, the country’s busiest shopping day... More
Amazon is to discontinue the credit card reader offering it debuted last year... More
The CEO of AT&T has admitted that the US carrier’s mobile payment efforts have failed in light of the closure of Softcard, the joint venture between it, T-Mobile USA and Verizon... More
Apple is to equip US store staff with a new version of its EasyPay mPOS solution that replaces the existing iPod devices with an iPhone 5S, encased in a Verifone shell, that offers support for both EMV “chip and pin” cards and contactless payments, Forbes reports... More
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