payment service

American Express has launched Serve, a new digital payment and commerce platform to provide consumers with more ways to spend, send and receive money with services that go beyond the existing global payment networks.

Using Serve consumers can purchase or make person-to-person (P2P) payments online, via mobile phones, and at millions of merchants who accept American Express cards. Serve combines different payment options under a single account that is funded from a bank account, debit, credit or charge card, or by receiving money from another Serve account.

A provider of global payment services Western Union Company announced the rebranding of its international business payments service into Western Union Business Solutions.

Previously the service was offered under the Custom House name. Western Union acquired Custom House, which provides international business payments and foreign-exchange solutions to small and medium-sized businesses (SMEs), last year. With the rebranding of the service, Western Union will cease using the Custom House brand.

A provider of payment solutions for online games, virtual worlds and social networks PlaySpan announced that its services were selected by Sanrio Digital, the developer and online publisher of Hello Kitty Online. Under the agreement, Sanrio Digital will deploy PlaySpan’s UltimatePayTM for the upcoming commercial release of Hello Kitty Online.

Fiserv reported that over 100 financial institutions had subscribed for its ZashPay person-to-person payment service. According to the official statement banks and credit unions across the US have signed up to offer this service with more subscriptions expected in future.

A global card payment services company YESpay International Ltd has reported the completion of the EMV chip and PIN end-to-end certification of its EMBOSS card payment service with Chase Paymentech and First Data, two major card acquirers in the USA and Canada.

Now YESpay is partnering with merchants in the USA and Canada who need to upgrade their retail POS systems to EMV chip-and-PIN card payment standards.

The online payment services leader PayPal informed its users about the amendments being introduced to its policy.

The policy changes PayPal makes effective starting March 10, 2010 include those amendments related to recent regulations in India.

Section 8 (Fees) of the User Agreement is being amended to prohibit users from sending a Personal Payment to a recipient in India. Over the weekend, PayPal suspended personal payments to and from India as well as transfers to local banks there, and on Tuesday said it could be months before the suspension was lifted.

A payment service provider for local e-payments GlobalCollect have entered into the strategic partnership with Varien, the Magento company, to provide Magento’s clients with access to an unrivaled portfolio of local, alternative, and international payment methods in over 200 countries and for 170 currencies.

ProPay , leading provider of E2E data security encryption, credit card processing, and electronic payment services, unveiled it set collaboration with Hosted Concepts LLC targeting to present the ProPay CartLite shopping cart for their expanding list of merchant services.

 ProPay CartLite represents a simple, safe and affordable shopping cart integrating with vendor’s Web site and a ProPay Merchant Account, providing a merchant with an easy and secure opportunity to accept credit cards.

 Obopay has announced its entrance into the online games market with the immediate availability of a mobile payment solution. With Obopay's mobile payment service, consumers can "mobilize" their credit or debit card by linking it to their mobile phone number, making it convenient to quickly purchase goods online. 

Springbok Services today introduced its enPay® prepaid payroll cards, a convenient and cost-effective alternative to paper payroll checks. As part of Springbok’s payroll offering, the company is also launching Springbok Bill Pay, an automated bill payment service to help cardholders fully leverage the value of their prepaid payroll cards.