Frustrated with Japan's centralized, primarily in-house card-issuing market, TSYS has decided to leave the country and focus its efforts on other business opportunities. In recent short order, the processor has landed a number of major deals, including with the UK's Virgin Money and a partnership...
Alipay, the payments arm of Chinese eCommerce giant Alibaba, has taken a giant step away from its massive parent company with a tie-up with Japanese e-commerce company Rakuten. Since last week it has been easier for Chinese customers to use the Rakuten Global Market, Rakuten’s international shopping...
Pinpoint, a Sydney-based provider of loyalty and rewards services for banks and merchants in the Asia Pacific region, has struck an acquisition deal with MasterCard for an undisclosed sum. “Not only does Pinpoint offer a competitive edge in Australia, its growing presence across Asia Pacific also...
Analysts were in shock and awe yesterday, April 15, to lean that Alibaba, the Chinese e-commerce giant that is acquiring and investing in US companies, had $1.36 billion in Q4 profits.--more than 2x the year before. (The info was courtesy of Yahoo which has a...
Chinas UnionPay now has the world’s top-used debit card, having taken the honor last year away from long-time leader Visa, according to the Nilson Report. When comparing debit card purchase volume, UnionPay’s share increased by 738 basis points to 47.19 percent. Visa’s share fell 605 basis...
A program run between 115 Japanese supermarkets and convenience stores to share biometric customer face data has drawn criticism for offering a wide variety of possible customers’ rights abuses. The shop-lifting prevention system operated by a Nagoya-based software development company, scans and stores customer face data...
In the coming month Australian small business will have a chance to accept credit card payments more easily, thanks to an assist from PayPal. The company will be rolling out PayPal Here, a service that offer merchants an approximately smart-phone sized blue tooth card reader...
Zhejiang Finance Credit Network Technology, a Jack Ma-owned company, has made a 3.3 billion yuan (US$532 million) deal for a more than 20 percent stake in Chinese financial-software developer Hundsun. Ma is also the executive chairman of Alibaba Group Holding Ltd, the Chinese e-retail giant. Mr....
After much speculation that it was coming, China’s Central Bank has ordered commercial banks and payment companies nationally to close bitcoin-trading accounts in two weeks. “There will definitely be a negative impact to the exchanges,” said Bobby Lee, chief executive of Shanghai-based BTC China, the most...
