UnionPay International has joined forces with International Bank of Azerbaijan (IBA) and financial service provider MilliKart, enabling UnionPay card acceptance in Azerbaijan.
Discover has filed a lawsuit accusing rival card scheme Visa of anti-competitve practices in its debit card business.
Visa Inc says that it may have to find $10 billion to fund the acquisition of Visa Europe should European banks exercise their option to sell the business to its US counterpart.
First Bus has become the first UK nationwide public transport company to offer Barclays Pingit as a mobile payment option.
South Korean Web giant Daum Kakao has teamed up with 16 banks to launch a mobile wallet service for online, offline and person-to-person payments.
The war of words between retailers and banks over cyber-security failures has moved to the political stage, as lobby groups for both parties petition the political elite on Capitol Hill for legislative action to curb future data breaches.
SmartPass, the mobile contactless payments services developed by Vodafone with Visa has quietly been launched in the UK following several global rollouts.
The Central Bank of Ireland has slapped a EUR3.5 million fine on Ulster Bank over IT governance failures that resulted in approximately 600,000 customers being deprived of banking services during a month-long period in 2012.
