Security
No cash, no cards, no wallet, and no smartphones: China's shoppers are increasingly purchasing goods with just a turn of their heads as the country embraces facial payment technology.
Sep 4, 2019
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Business
Seven European mobile payment systems on Tuesday said they are joining forces to better develop cross-border contactless payments. The move is seen as an attempt to create a regional standard for smartphone payments that ...
Sep 3, 2019
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Business
Once a pioneer in cashless transactions, Japan is now lagging behind as the world's biggest economies increasingly embrace electronic payments—because its ageing population still prefers physical money.
Aug 21, 2019
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Business
Swedish payment solutions provider Klarna said Tuesday it had raised $460 million (411 million euro) in an equity round, making it the most valuable financial technology company in Europe at $5.5 billion.
Aug 6, 2019
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Business
US financial services company MasterCard has agreed to acquire Danish payment service company Nets' account-to-account payment business for 2.85 billion euro ($3.19 billion), the Danish company said Tuesday.
Aug 6, 2019
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Consumer & Gadgets
The Apple credit card designed primarily for mobile use is here.
Aug 6, 2019
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Internet
Messaging giant WhatsApp plans to launch its first payment service this year in India, its biggest market with 400 million users, the company said Friday.
Jul 26, 2019
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Business
Apple is in talks to buy Intel's smartphone modem chip unit, a move that would help the iPhone maker control a key component, the Wall Street Journal reported on Monday.
Jul 23, 2019
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5
Security
Working out the card number, expiry date and security code of any Visa credit or debit card can take as little as six seconds and uses nothing more than guesswork, new research has shown.
Dec 1, 2016
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2615
Security
Contactless card payments are fast and convenient, but convenience comes at a price: they are vulnerable to fraud. Some of these vulnerabilities are unique to contactless payment cards, and others are shared with the Chip ...
Aug 3, 2016
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A payment is the transfer of wealth from one party (such as a person or company) to another. A payment is usually made in exchange for the provision of goods, services or both, or to fulfill a legal obligation.
The simplest and oldest form of payment is barter, the exchange of one good or service for another. In the modern world, common means of payment by an individual include money, cheque, debit, credit, or bank transfer, and in trade such payments are frequently preceded by an invoice or result in a receipt. However, there are no arbitrary limits on the form a payment can take and thus in complex transactions between businesses, payments may take the form of stock or other more complicated arrangements.
In law, the payer is the party making a payment while the payee is the party receiving the payment.
This text uses material from Wikipedia, licensed under CC BY-SA
