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Competition increases for China’s $5.5 trillion mobile payment market

China’s mobile payment market is more than 50 times bigger than that its US counterpart sitting at $5.5tn and is now being shaken up by...

Alibaba invest $680 million in Paytm

Alibaba Group has made a strategic investment of $680 million in One97 Communications, the parent company of Paytm. Alibaba now becomes a new investor in the...

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Payment industry history with first AES DUKPT key management implementation

Verifone says it has implemented AES DUKPT with its end-to-end encryption solution, VeriShield Total Protect, its Engage family of payment devices, and Carbon 8 & 10. Co-designed by Verifone, AES DUKPT...
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