Payments System articles & resources on Made-in-China.com

Samsung Pay UK Release Date Could Be Imminent – Finally!

May 3, 2017

The long-awaited Samsung Pay mobile payments service could finally be making its way to the UK. Samsung has long offered a mobile payments platform – just like Apple Pay or Android Pay – around the world, but the UK is yet to ...

Tags: Samsung, Apple Pay

UK Retailers Have Welcomed a Historic and Landmark European Agreement

Dec 22, 2014

UK retailers have welcomed a historic and landmark European agreement to cap the anti-competitive cost of processing debit and credit card payments (interchange fees). According to the BRC – whose members have long campaigned ...

Tags: credit card, Payment Systems, Furniture

BRC Has Highlighted That Business Rates System Is in Need of Fundamental Reform

Dec 2, 2014

Publishing its submission to HM Treasury ahead of the Autumn Statement on 3rd December, the British Retail Consortium (BRC), has highlighted the consensus across the business world that the business rates system is in need of fundamental ...

Tags: Retail Consortium, HM Treasury, Furniture

BRC Has Welcomed a Landmark Vote by MEPS in The Economic and Monetary Affairs Committee

Feb 24, 2014

The British Retail Consortium (BRC) has welcomed a landmark vote by MEPs in the Economic and Monetary Affairs Committee for a comprehensive overhaul of the European payments market. The Committee has sent a clear message that the time for ...

Tags: European Payment Market, Apparel

Retailers Filed an Appeal of a Antitrust Lawsuit Settlement Covering Credit Card Swipe Fee

Jan 6, 2014

The National Retail Federation formally filed an appeal of a controversial antitrust lawsuit settlement covering credit card swipe fees, asking the 2nd U.S. Circuit Court of Appeals to overturn a lower court’s ruling. NRF Senior ...

Tags: card industry, Textile

Lloyds Bank and Mobile Payments Are Developing a Suite of Mobile Card Acceptance Services

Jun 27, 2013

Lloyds Bank is to work with mobile payments company Monitise to develop a suite of mobile card acceptance services for small businesses. The services will be developed on Monitise's mPOS platform and aimed, in particular, at ...

Tags: Lloyds Bank, Mobile Payments, Monitise

Facebook Is Phasing out Its Credits Virtual Payment System

Jun 11, 2013

Facebook is phasing out its Credits virtual payment system and will be transitioning all games integrated into the social network to a new local payments API by Sept. 12, the company announced Wednesday. The migration is part of a larger ...

Tags: Computer Products, Facebook, Local Currencies

The Founder of Liberty Reserve Has Been Arrested and Charged with Money Laundering

May 30, 2013

The founder of Liberty Reserve, an online digital currency and payments system based in Costa Rica, has been arrested and charged with money laundering. Further reading Retailers looking to cut Visa and other 'middlemen' out of the ...

Tags: Payments System, Computer Products, software

The Traditional Structure Needs to Be Vastly Simplified

May 9, 2013

The traditional structure by which payments are made in the UK needs to be vastly simplified, with retailers and other merchants dealing directly with customers' banks - not via "merchant acquirers" and other middlemen. The new structure ...

Tags: Payments Loop, Computer Products

Several Challenges Need to Be Overcome Before The Technology Takes off

Feb 18, 2013

Forget fumbling with cash and credit cards; smartphones have long been seen as a way to make in store purchases faster and easier. But several challenges need to be overcome before the technology takes off. The field of mobile payments ...

Tags: smartphones, mobile payments, mobile techs

Swan Is Due to Hold Further Talk to Increase Yuan Investment and Trade with Australia

Jan 14, 2013

In a speech to be delivered today in Hong Kong, the Treasurer says he is due to hold further talks with Hong Kong financial secretary John Tsang this week in a bid to increase yuan investment and trade with Australia. The negotiations to ...

Tags: Hong Kong, Treasurer, finance, global trade payments

Apple Didn't Include Near Field Communication Technology in The iPhone 5

Dec 21, 2012

Apple didn't include near field communication technology in the iPhone 5, a decision that one NFC backer said the company might come to regret. But several mobile payment experts said Apple probably made a good choice for now, given the ...

Tags: NFC, Apple, communication technology, iPhone 5

European Businesses Lose Billions of Euros as a Result of Errors That Will Slow Payments

Dec 19, 2012

Research from Experian has revealed that European businesses might lose billions of Euros as a result of errors that will slow payments when the Single European Payments Area (Sepa) system comes fully into force in 2014. Sepa attempts to ...

Tags: electronic payments, Eurozone, European businesses

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