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- The U.K. Treasury Ministry has said it is prohibiting merchants from assessing surcharges beginning January 1. Surcharges could be as much as 20% for purchases like a flight, the ministry said in a press release. In 2010, United Kingdom surcharges totaled 473 million pounds ($617 million). “Rip-off charges have no place in a modern Britain and that’s why [surcharging] in Britain is about to come to an end,” said Stephen Barclay, economic secretary to the Treasury.
- There are now more than 785 community banks and credit unions offering some version of a person-to-person payment app, up 103% from a year ago, according to data compiled by Malauzai Software, which studied mobile-banking apps offered on the App Store and Google Play. Usage, however, is low, says Malauzai. The company also counted 422 mobile-banking apps offering card controls.
- Payments provider GlobalOnePay, a unit of Pivotal Payments Inc., released an updated version of its eCommerce Payment Facilitator platform.
- Merchant processor iPayment Inc. announced it will offer merchants stored-value, gift, and loyalty products from Opticard as a white-label service.
- Data-security specialist Bluefin Payment Systems said UniversityTickets, a ticketing platform for colleges and universities, is offering Bluefin’s point-to-point encryption service to its clients.
- Point-of-sale equipment distributor POS Portal announced it now offers payment devices for value-added resellers, independent software vendors, and merchants that are compliant with DataCap System Inc.’s technology.
- Mastercard Inc. and Oracle Corp. announced they have launched an application called Bar Tab at a TGI Friday’s restaurant in London. The application works within Mastercard’s Qkr payment app, which has been integrated into Oracle’s restaurant-management platform. TGI Friday’s plans to expand the app to 80 more U.K. locations by the end of the year.
- E-commerce processor Adyen said it is working with Sephora SEA Digital to allow customers of Sephora’s Hong Kong-based online store to become the first to use UnionPay SecurePlus, a UnionPay International system that allows card payments to be processed within the merchant site. China-based UnionPay’s members have issued more than 6.5 billion cards globally.
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