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79% say Alternative Payment Methods are Very important or Important to their business and customers

STS, the payments acceptance specialist, has announced the results of its survey into the importance of Alternative Payment Methods (APMs) to retail merchant businesses. APMs differ from traditional card based transactions in a number of ways: form factor, technology used, associated/verification methodology and transaction flow. 61% of survey respondents, who represented STS customers, business partners and international payment specialists, said that they wanted to increase APM support in order to meet current market requirements; 46% said that this was in response to client requests and 43% in order to support expansion into international markets.

Ingenico and Nexi test in Italy an innovative PIN-on-Mobile solution compliant with VISA and Mastercard requirements

Ingenico Group (Euronext: FR0000125346 – ING), the global leader in seamless payment, will partner with Nexi, the Italian market leader in digital payments, to deliver a pioneering PIN-on-Mobile pilot in Italy before September 2018. Ingenico and Nexi aim to assess merchant and customer acceptance and prepare the future launch of an innovative solution promoting card payments through smartphone which is fully compliant with PCI requirements.

HM Treasury Consultation on ‘The future of cash and digital payments’ - Deadline tomorrow (5th June)

The purpose of the consultation is ‘To better understand the role of cash and digital payments in the new economy, the government has launched a call for evidence. We want to make sure that our economy is fit for the future and keeps pace with changes in the ways that people pay for goods and services.

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