FIME Announces Global Tool Qualified for MasterCard

Cloud-Based Payment Mobile Application Testing

FIME today announces that its Global test tool is qualified for MasterCard cloud-based payment (MCBP) mobile application testing. Mobile payment solution providers and payment issuers can now validate the functional compliance of their host card emulation (HCE) mobile payments solutions against MCBP Specifications prior to the formal certification stage, reducing product time to market.

Giesecke & Devrient Showcases Digital Banking Portfolio at Money20/20 Europe

Portfolio includes Convego Hub, CloudPay, the mobile application platform Convego AppWorld

Munich

 At the Money20/20 Europe in Copenhagen this week, Giesecke & Devrient (G&D) will showcase its Digital Banking Services including Convego Hub and CloudPay, its consumer-centric services such as instant issuance, its mobile application platform Convego AppWorld, and its digital identity services.

Giesecke & Devrient Showcases Digital Banking Portfolio at Money20/20 Europe

Munich

 At the Money20/20 Europe in Copenhagen, Giesecke & Devrient (G&D) will showcase its Digital Banking Services including Convego Hub and CloudPay, its consumer-centric services such as instant issuance, its mobile application platform Convego AppWorld, and its digital identity services.

Visa Expands footprint in Francophone Africa

The expansion will deliver financial services to unbanked population in West Africa

Abidjan, Côte d'Ivoire

Visa Inc., a global payment company, today announced its intention to open an office in Côte d'Ivoire to reinforce its position as a leading payments technology company and to help bringing the benefits of electronic payments to the economy and a broader range of consumers and merchants across the region.

Giesecke & Devrient Now AMEX Enabled Partner for HCE Cloud Payment Services

Convego CloudPay solution can now be used globally by banks issuing AMEX compliant HCE payment cards

Munich:

GlobalPlatform Announces Publishing of Latest White Paper

GP's simplified end to end framework speeds up deployment of contactless payment solutions

Industry association GlobalPlatform has published its latest white paper, ‘End-to-End Simplified Service Management Framework: Streamlining Payment Service Management Using GlobalPlatform Technologies’. The paper introduces the End-to-End Simplified Framework and educates readers on how to use the document. The framework provides a template of the relevant specifications, both from GlobalPlatform and other industry bodies, needed to deploy a GlobalPlatform service on a near field communication (NFC)-enabled mobile device, with an initial focus on contactless payments.

HSBC says internet banking services down after cyber attack

Internet & mobile services have partially recovered, work still in progress to restore full service

Reuters

London (Reuters)- HSBC is working with law enforcement to catch those behind a cyber attack that forced its personal banking websites in the UK to shutdown, its second major service outage this month, the bank said on Friday.

PayPal's revenue beats Street view on higher transactions, customers

The company said it processed 450 payments per second on Cyber Monday

Reuters

(Reuters) - Payment processor PayPal Holdings Inc on Wednesday reported better-than-expected quarterly revenue, as new customer additions and payment processing volumes surged, and it announced a buyback of $2 billion of its stock.

PayPal said it expects 2016 full-year earnings of $1.09 to $1.14 per share, and revenue growth of 16-19 percent on a currency neutral basis. It expects currency fluctuations to impact net revenue by 3 percentage points during the year.

Payment processor Adyen says 2015 revs double, profits triple

Rival to Worldpay, PayPal and Square said transactions on its platform doubled to 50B euros

Reuters

FRANKFURT (Reuters) - Adyen, one of Europe's biggest fintech start-ups, said on Thursday that annual revenue doubled to around 330 million euros ($360 million) in 2015, leading profits to nearly triple to 40 million euros compared with a year ago.

The Dutch company, a rival to Worldpay, PayPal and Square said transaction volumes running via its payments platform doubled to 50 billion euros, resulting in a tripling of profits thanks to mounting economies of scale.

Samsung Pay plans to enable U.S. online shopping in 2016

Samsung Pay is already the most widely accepted mobile wallet in the United States

Reuters

CHICAGO (Reuters) - Samsung Electronics Co plans to expand its fledgling mobile payment service in the United States next year, allowing users to shop online and with more smartphones that support the electronic wallet.

Lower-priced Samsung phones will likely start offering the mobile wallet "within the next year," Thomas Ko, global co-general manager of Samsung Pay, said in an interview. The service debuted in South Korea on just a handful of high-end Samsung phones, including the Galaxy Note 5, the Galaxy S6 Edge, Galaxy S6, and S6 Edge Plus.

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