Barclays to Deliver Retail Mobile Payments in the UK with Buyit
6/19/2013
In an interview with Finextra, Richard Martin, Barclays’s director of cash management, said Barclays customers will soon have the additional capability through the bank’s Pingit mobile application to make purchases by scanning QR codes on advertisements. Pingit, which Barclays launched...
UK Payments Council Outlines New Payments Roadmap
6/18/2013
As the British government continues its 2013 push to increase competitiveness in the payments industry, the UK Payments Council just published its ‘payments roadmap’ which sets forth recommended targets with the eventual goal of a shared payments infrastructure in the...
PayPal Hope to Obtain Payment License in China
6/18/2013
PayPal CEO John Donahoe recently said it soon hopes to obtain a payment license in China, but much uncertainty remains.From IT News Donahoe sees "encouraging signs" from the Chinese authorities, but said it remained next to impossible to guess when...
Starbucks Adds Contactless Payments in the UK
6/17/2013
Starbucks Monday announced it is the latest major merchant in the United Kingdom to begin a widespread deployment of contactless terminals in its stores, which follows Marks and Spencer (M&S), the Co Op and Boots. Working with Barclaycard Global Payment...
UK Banks Promise to Make Changing Accounts Easier
6/13/2013
The UK Payments Council recently said the banking industry will provide “hassle free” account switching to consumers starting in September following a £750 million campaign on infrastructure changes and a national advertising blitz. As part of the UK payments and...
Banco Santander Invests in iZettle mPOS Solution
6/11/2013
Banco Santander, the largest bank in the Euro area, has invested more than 5 million euros ($6.6M) in Swedish mPOS solution iZettle. iZettle is a Square like mPOS solution for Europe, competing for dominance within the region with SumUp, payleven,...
UK Payments Council Differs With BRC on Consumer Cash Use
6/10/2013
The Payments Council in the United Kingdom released a report Monday that contradicts what a British Retail Consortium study found recently about the use of cash in 2012. The council report suggests consumers’ use of cash as the primary payment...