Identrus, a global alliance including Barclays, Chase Manhattan, Citigroup and Deutsche Bank, is trialling a secure business-to-business payment system based on De La Rue's AuthentIC smartcards, and software from iD2 Technologies.
VISA, Mastercard and Amex also gained the right to offer their own money services, under the new directive. Chris Leather, head of contracts at the Global Mobile Commerce Forum (GMCF), an industry body representing mobile phone companies, said...
Raj Haider, Visa International head of payment service infrastructure, said: "Our shortlist was based on technology solutions and management methodologies. BT will handle everything between Visa's UK-based datacentres and around 265 member sites in...
The analyst said banks are rapidly adopting contactless payment cards, such as MasterCard's PayPass and Visa's Visa Wave. Deadlines set by MasterCard and Visa for a switchover and a liability shift for fraud payouts were highlighted as other key...
Member banks had to upgrade their own systems, over 40,000 organisations which submit directly to Bacs had to install new software and smartcard technology, and 60,000 organisations, which use a bureau to submit payments, had to register for...
Visa and its member banks are now working together to get retailers on board and use the contactless payment system, with more details of the launch expected to be available by March 2007. Visa will introduce the contactless payments in London...
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