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Latest global payments news, May 31, 2023 | PaymentsSource
Global News

Latest global payments news, May 31, 2023 | PaymentsSource

CaixaBank has developed an app that supports payment acceptance, billing, refunds and account access via smartphones without hardware attachments. The bank's Smartphone TPV app enables Android handsets to accept Visa and Mastercard payments with security similar to a traditional point-of-sale terminal. The bank is positioning the technology for self-employed consumers, restaurants, retailers that deliver to consumers' homes and larger merchants. Typically known as softPOS, smartphone payment acceptance uses technology from Android and Apple to support contactless payments without hardware. But Apple and Google do not process payments, requiring partnerships with banks, payment companies or financial institutions. —John Adams Source link
Latest global payments news, April 26, 2023 | PaymentsSource
Global News

Latest global payments news, April 26, 2023 | PaymentsSource

Transit technology firm Cubic Transportation Systems has deployed its Umo Mobility platform in Temuco, Chile, making it the system's first deployment outside of North America. A pilot in the Chilean city of about 350,000 people will enable payment choices for transit payments. Options include contactless smartcards, the Umo Mobility app and tickets with prepaid QR codes. Ticketing covers urban buses, regional buses and a shared taxi service called colectivos. The pilot will be followed by a full rollout in June and further expansion. Umo Mobility, which is available in cities in the U.S. and Canada, is part of a broader trend toward moving ticketing and payment for transit outside of the transit networks, creating a more open payment system. There is some traction for transit payments;...
Latest global payments news, March 1, 2023 | PaymentsSource
Global News

Latest global payments news, March 1, 2023 | PaymentsSource

Japanese banking giants are raising starting salaries for new graduates by as much as 30% as competition for fresh talent intensifies and the cost of living soars. Mizuho Financial Group and Daiwa Securities Group were the latest financial firms to announce higher pay for employees joining straight from university, company statements showed Wednesday.  Wage hikes by Japanese companies are in the spotlight this year as the possible exit of the central bank's ultra-easy monetary policy hinges largely on sustained salary growth. Prime Minister Fumio Kishida has called on businesses to raise wages above the inflation rate, which is running at a four-decade high of 4.2%. Mizuho, the nation's third-largest bank, said it will boost monthly salaries for college graduates joining in April 2024 ...