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  • Yes Bank to offer biometric ATM withdrawals using Aadhaar ID

    Yes Bank to offer biometric ATM withdrawals using Aadhaar ID


    2018-01-13 [ Industry News ]


    India's Yes Bank is launching biometric ATM withdrawals using the country's unique Aadhaar ID system.Nearby Technologies has partnered with YES BANK, India’s 5th largest private sector bank and worked closely with National Payments Corporation of India (NPCI) to launch a card less and PIN-less Aadhaar ATM service.Using the PayNEARBY mobile application on a smart phone, a Retailer can become an Aadhaar ATM / Aadhaar Bank Branch for cash withdrawals and deposits by a customer. To use this unique facility, customers of any bank just need to link their Aadhaar number with an......

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  • Mastercard: Solving Smart Cities “Point A To Point B Problem”

    Mastercard: Solving Smart Cities “Point A To Point B Problem”


    2018-01-13 [ Industry News ]


    “How do we get people and things from point A to point B in way that makes the experience frictionless,”  is how Hany Fam, Mastercard executive vice president of Enterprise Partnerships, started the conversation with Karen Webster about Mastercard’s newly announced partnership with digital location platform HERE Technologies.For Mastercard, Fam said, answering that question involves the seamless integration of payments and commerce into those increasingly digital journeys.For HERE, answering that question, Chief Operating Officer Angel Mendez, said invol......

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  • Lacoste US To Accept Alipay As Payment Method

    Lacoste US To Accept Alipay As Payment Method


    2018-01-13 [ Industry News ]


    Alipay, the digital payment arm of Alibaba, announced Thursday (Jan.11) it had entered into a partnership with French apparel brand Lacoste that will enable Alipay acceptance in select U.S. stores. In a press release, Alipay, which is Lacoste’s exclusive partner, said technology firm Verifone would facilitate Alipay QR code payments using its Verifone e355 mobile point of sale (mPOS) terminal. According to Alipay, the two began working together in 2016 to enable merchants in both Europe and North America to accept Alipay in stores. In addition to accepting AliPay as a payment method,......

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  • Visa Signs Off On Optional Signatures For EMV Merchants In North America

    Visa Signs Off On Optional Signatures For EMV Merchants In North America


    2018-01-13 [ Industry News ]


    No more signatures.Visa said today (Jan. 12) in a blog post that it is making the signature an option — and no longer a requirement — for EMV chip-enabled merchants across North America. That shift, for contact or contactless payments, goes into effect April 2018.At the same time, Visa said in its posting that it will continue to invest in initiatives tied to advanced analytics and biometrics. Those investments and focus, the company said, will help “define the future of payments security.”Over the last seven years, as chip technology has entered the market, Visa ......

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  • Google Brings Together Its Mobile Payments Under Google Pay

    Google Brings Together Its Mobile Payments Under Google Pay


    2018-01-13 [ Industry News ]


    Sometimes, a note of rebranding is a good idea. It helps a company focus on certain projects and tasks, and allows marketing to put all its efforts behind a certain brand point instead of having to split it among several. Google recently staged something similar, taking its oddly self-cannibalizing dichotomy and unifying it together under one umbrella.Now, thanks to the rebranding and reorganization, Google Wallet and Android Pay will no longer be separate services, at least at some point in the future. When the reorg completes, there will be only Google Pay.No one was ever really sure why Goo......

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