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NCR board announces it will split into two separate entities

23 Sep 22 @ 15:53

NCR has announced that its Board of directors has unanimously approved a plan to separate NCR into two independent publicly traded companies – one focused on digital commerce business and the... read more

Finastra and Visa announce global BaaS offering

23 Sep 22 @ 14:44

Finastra and Visa announced a Banking as a Service (BaaS) collaboration to co-develop new functionality on its Payments Hub solutions and implement Visa Direct2 – which provides access to more... read more

ING winds down Yolt B2B Open Banking

30 Aug 22 @ 16:41

ING has announced, following the closure of the Yolt cashbook app last year, to phase out its Yolt business-to-business Open Banking activities as well. This was reported by the bank... read more

Citibank forced to shutter Russian operations after no buyer found

30 Aug 22 @ 15:21

Citibank has been forced to shut down its consumer and local commercial banking operations in Russia after it proved impossible to find a buyer for the businesses. The bank announced... read more

BLIK seeks international expansion with VIAMO acquisition

26 Aug 22 @ 15:23

Just days after posting stellar results, BLIK, the Polish mobile payment system operator, has signed a 100% purchase agreement of shares in the Slovak company VIAMO – a provider of... read more

Citibank and the $900 million “biggest blunders in banking history”

22 Aug 22 @ 12:30

In August 2020, Citibank mistakenly used its own money to repay a $900 million term loan it administered on behalf of Revlon that was held by multiple asset management groups.... read more

Global Payments set to acquire EVO in $4 billion deal

03 Aug 22 @ 10:15

Global Payments and EVO Payments have announced that Global Payments will acquire EVO in an all-cash transaction for $34.00 per share, valuing the deal at $4 billion. The transaction will... read more

Giesecke+Devrient acquire Valid payments and identity business in US

04 Jul 22 @ 13:14

Giesecke+Devrient (G+D) has announced the acquisition of the payment and identity solutions business of Valid USA. With this step, G+D aims to accelerate growth in the US, one of the... read more

Irish mobile payments app Synch gets regulatory approval

20 Jun 22 @ 10:55

In mid-January 2021 the four of Irelands largest banks joined forces to launch an instant payments digital payment app, dubbed Synch, that they intended to promote to help fend off... read more

Indian Central Bank lifts Mastercard issuing ban

17 Jun 22 @ 11:47

The India Central Bank has lifted its restrictions on Mastercard issuing new cards in the domestic market, nearly a year after imposing the ban, after it demonstrated “satisfactory compliance” with... read more

P27 nears live testing with banks integrated into Swish

10 Jun 22 @ 12:44

After nearly two years of painstaking implementation, P27 will soon be ready to transition from working with prospective participants to actual customers. Instant payments are at the top of P27’s... read more

M2020 Live: Banking Circle supports interoperability between national mobile payment systems

07 Jun 22 @ 19:21

The German-Austrian Bluecode and the Swiss TWINT are the first mobile payment systems to become interoperable with one another. Interoperability of the two systems is based on the specifications of... read more

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ETC Mining and the anatomy of a crypto scam

02 Mar 26 @ 11:25

Three months ago, I was approached by marketing representatives of ETC Mining, who paid $2,500 in Bitcoin for native advertising placement. On the surface, the ... more

Visa and Mastercard accelerate agentic payments through bank pilots

18 Feb 26 @ 13:35

The race to define the next phase of digital commerce via agentic payments has moved decisively into the banking mainstream. [caption id="attachment_57882"... more

Takeover talk swirls as PayPal’s valuation slumps

24 Feb 26 @ 12:45

After a bruising year on the public markets, PayPal has become the subject of early-stage takeover interest, underscoring how sharply sentiment has shifted arou... more

Swift launches new framework for cross-border payments

09 Mar 26 @ 14:45

SWIFT has introduced a new international payments framework aimed at significantly improving the speed, transparency and predictability of cross-border retail t... more