MasterCard Australia has announced that more than 1 million contactless PayPass transactions were recorded during the month of August.

EFTPOS has reportedly revamped its technology so that customers can conduct transactions with mobile phones, contactless terminals and online.

PayPal, which is lining up deals with payment solution providers to help quickly scale its upcoming in-store payment system, struck an agreement with Ingenico, whose point of sale terminals will soon be able to handle PayPal transactions.

12 January 2012: Experian, the global information services company, and American Express, today announced a partnership to offer international payment processing and foreign exchange services to Experian’s UK clients.

BPC Banking Technologies, the leading provider of Open System e-payment solutions for the global financial industry, announces that it has signed a distribution agreement with DTS Urcal Tecnología to promote and support the SmartVista suite in Brazil, Mexico and Spain.

«The difference in NFC tag performance was both significant and surprising,» says the NFC tag provider, and there was one clear winner in terms of overall performance.

PayPro Global, the leading provider of innovative eCommerce solutions to sell software online, announced today the implementation of worldwide SMS Micropayments to its eCommerce platform.

American Express said Thursday fourth-quarter profit rose 12% to $1.2 billion, or $1.01 a share, up from $1.1 billion, or 88 cents a share, in the year-ago period.

Private antitrust litigation pitting some five million retailers against Visa (V), MasterCard (MA), and 13 large banks, including Bank of America (BAC), Citigroup  has slipped under the radar of many analysts and investors who follow those companies, but the case may deliver a multi-billion dollar shock to bank bulls in the coming months.

Moneto, developed by Device Fidelity, Inc. and Spring Card Systems LLC, announced today the launch of the world’s first commercially available mobile payment solution that provides iPhone and Android users a convenient way to pay while on the go.

The number of payment cards in western Europe increased to 884 million in 2010, according to the latest edition of RBR’s highly respected biennial western European payment cards study «Payment Cards Western Europe 2012».

American Express has licensed its Serve digital wallet platform to Chinese mobile top-up provider Lianlian Group and made a $125 million equity investment in the firm’s overseas unit.

IDEX in Norway and its French partner company UINT have been awarded a support grant from the European Eurostars programme.

The ATM Industry Association (ATMIA), the global non-profit association for the ATM industry, announced today that three new directors were joining its Board of Directors, from the USA, Canada and China.

Within the retail industry, the quest for a closed cash cycle is based on the idea that the cash cycle is a special kind of supply chain in which a product (in this case: cash) is made available at the right time in the right amount using a minimum of resources and then returned to the cash cycle in the same way.

The US carrier has revealed it will be adding two further NFC phones to its line up, the Galaxy Nexus and the LG Viper, and more are on their way.

Wired magazine has ranked Tieto’s new data centre in Espoo, Finland, among the nine most energy efficient data centres in the world.

Citizens of Serbia and Macedonia will in the future cross the border between the two states with biometric ID cards only, based on the agreement signed by the two countries’ foreign ministers Ivica Dacic and Gordana Jankulovska on Monday.

The National Intelligence Agency has launched a high-level probe after a cybercrime syndicate stole R42 million from SA Post Office financial institution Postbank over the New Year holidays, the Sunday Times reported.

Canadian low-fare airline WestJet has inked a contract with Visa Canada to allow Canadian card holders to use Visa Debit to purchase airline tickets online and via the airline’s Sales Super Centre.