June 28, 2019

Mastercard and ING Turkey announced a collaboration that allows micro businesses and SMEs to convert their Android smartphones into point-of-sale devices for contactless payments. 

The companies said that micro business customers of ING Turkey can download the ING SoftPos application from Google Play and can convert an NFC enabled mobile phone into a POS terminal, without the need for expensive hardware. 

The companies say there are about 1.5 million SMEs, millions of micro businesses and other types of merchants like dry cleaners, electricians, taxi drivers and others who could benefit from the ability to accept digital payments such as these. 

The companies said such a service would also help at sporting events, festivals, exhibitions and similar type of situations where there is a need to shorten lines for entry, by using the application to accept tickets. 

Topics: Card Brands, Mobile Payments, NFC, POS, Region: EMEA

Companies: MasterCard

Related Content

Latest Content

June 27, 2019

Bank of America has rolled out a digital debit card in its mobile banking app. 

Although customers use it similar to how they use physical debit cards, the digital card allows them to pay in stores, via apps and online using a mobile wallet, the company said in a press release. Customers may also use the card to get cash and make deposits at Bank of America's cardless ATMs.

If a customer needs a new card or a replacement debit card — in the event they lose their existing one — they can request a digital debit card through their mobile app and use it instantly, rather than having to wait up to a week for their permanent card to arrive.

Bank of America is also rolling out a service called Mobile Orders, which will allow customers to order foreign currency through their mobile app. They can have the money delivered to their home, or if they are traveling internationally, they may choose a bank where they want to pick it up. The mobile app tracks delivery and sends out notifications. 

Small business customers also can use the service to preorder bills and coins in the denomination they need and also select a bank for pick up and track orders with real-time alerts and updates. 

Topics: Mobile Banking, Mobile/Digital Wallet

Companies: Bank of America Merchant Services

Related Content

Latest Content

June 27, 2019

Ebay announced that it would open up its managed payments program to third-party developers by issuing new payments APIs, a move that will allow faster payouts and enhanced transaction detail. 

Gail Frederick, vice president, mobile and developer ecosystem, outlined the new APIs at the company's annual developer event and also in a blogpost yesterday. 

The move is the latest step in a year-long effort to give Ebay merchants and customers the ability to conduct transactions through the payment method of their choice, without the merchant being forced to make heavy investments in their own payments infrastructure, 

The Finances API will provide developers a more holistic view of transactions, allow a more seamless connection to merchant accounts and help sellers with accounting and reconciliation, according to the blogpost. 

The Account API helps determine whether a seller has joined the managed payments program, according to the blogpost. In addition, a new Fulfillment API helps sellers issue full or partial refunds to their buyers. 

Topics: In-App Payments, Mobile Apps, Mobile Payments, Retail, Transaction Processing

Companies: eBay

Related Content

Latest Content