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February 16, 2012

Barclays Jumps Into Mobile Money Transfer With Pingit

Barclays logo 140pxBarclays announced that it has launched Europe’s first person-to-person service for sending and receiving money using mobile phone numbers.

Antony Jenkins, Chief Executive, Barclays Retail and Business Banking said: “Barclays Pingit could revolutionise the way people send and receive money. For friends splitting the cost of dinner, repaying a borrowed £10 or people sending money to a son or daughter at university, it’s free, quick, convenient, secure, and easy to use. You can send and receive money in seconds, without having to enter account details.

The Barclays Pingit service will be available to current account customers of all UK banks and building societies, not just those with Barclays current accounts. Full details are at http://www.barclays.co.uk/pingit.

TSYS Acquiring Solutions To Offer American Express OnePoint

Tsys logo 140pxTSYS announced that both its front-end authorization and capture as well as back-end clearing and settlement platforms are now enabled to process American Express OnePoint transactions.

“This is a mutually beneficial agreement for both TSYS and our clients to expand our processing and merchant portfolios respectively,” said Eric Barth, senior director, product management, TSYS. “For the first time, TSYS will be able to offer our clients complete processing services for all card brands with the convenience of a single deposit and one billing statement to merchants.”

Payments News - February 16, 2012

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Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.

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