Payments network MasterCard is to open up a portal that will allow third-party developers to create innovative payment applications.
Western Union launches business overhaul
Western Union has announced a number of organisational changes designed to improve efficiency, which include streamlining its management structure and simplifying its business processes.
EC market tests Visa Europe’s interchange commitments
The European Commission (EC) is testing Visa Europe’s proposed commitments to cap its multilateral interchange fees (MIFs) for intra-regional immediate debit transactions in the European Economic Area (EEA).
CBA introduces mapping technology
Commonwealth Bank of Australia (CBA) has launched a mapping tool called ‘Locate Us’ that enables customers to find information such as their nearest branch or ATM.
CoinStar to sell its e-payment business
CoinStar has agreed to sell its e-payment services business to InComm, a marketer and distributor of prepaid products, in a deal worth $40 million.
Visa builds on existing partnership with Monitise
Visa Inc. has formed a joint venture with Monitise that will provide a technology platform for financial institutions and mobile network operators in India to offer a range of mobile financial services to consumers.
Australian regulator focuses on innovation
The Reserve Bank of Australia’s (RBA) payment systems board is to undertake a review of strategic innovation in the Australian payments industry.
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