Acquiring

22 Mar 22 @ 10:07

A new study has found that the volume of global e-commerce transactions made via OEM Pay will exceed 30.7 billion by 2026; rising from 6.1 billion in 2022. This outstanding growth... read more

22 Mar 22 @ 09:37

In late December troubling reports emerged surrounding the European Payments Initiative (EPI) as some European lenders were holding off their plans to join the project. EPI Interim Company, tasked with... read more

21 Mar 22 @ 15:53

Alongside a host of other Western companies, PayPal, Mastercard, Apple and Visa have pulled out of the Russian payments market following Russia’s invasion of Ukraine, with major banks such as... read more

21 Mar 22 @ 15:00

Merchants experienced more fraud in 2021 than 2020, with new types of fraud affecting 62% of merchants. Online payment fraud continues to be the biggest threat with 20% more businesses... read more

16 Mar 22 @ 15:51

December 2021 card spending data from UK Finance reveals that the average amount spent per contactless card transaction rose by almost 30% following the contactless spending limit increasing from £45 to... read more

15 Mar 22 @ 12:44

A new report by card industry body Payments Europe claims Europeans would welcome government intervention to mandate electronic payment. The report also says that, while instant, or account-to-account, payments are... read more

10 Mar 22 @ 16:21

US consumer spending maintained positive momentum in February, according to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment. Overall retail sales excluding auto increased 8.7%... read more

10 Mar 22 @ 12:04

As per previous Payments Cards & Mobile reports, former financial services ombudsman Walter Merricks is bringing, a now £14 billion interchange fees claim, on behalf of around 46 million people... read more

09 Mar 22 @ 12:21

The Merchants Payments Coalition (MPC) has called on Congress to investigate Visa and Mastercard’s anticompetitive interchange fees and dominance over the US credit and debit card markets, citing President Biden’s... read more

04 Mar 22 @ 12:57

As the fourth anniversary of PSD2 comes and goes, it’s time to reflect on the success of some of its provisions. Strong Customer Authentication (SCA) was introduced across the EU... read more

04 Mar 22 @ 12:29

For years, the cost and complexity of building financial services have restricted everyone but banking institutions from the space. Any non-financial brand that wished to offer its own lending or... read more

01 Mar 22 @ 16:43

Visa and Mastercard say they have blocked multiple Russian financial institutions from their network, complying with government sanctions. Visa said it was taking prompt action to ensure compliance with applicable sanctions,... read more