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Irish banks’ payments app Synch hits regulatory road bump

25 Jan 21 @ 13:28

The recent announcement from a group of Irish banks to set up an instant money-transfer app called Synch, has hit a regulatory block, as the Competition and Consumer Protection Commission... read more

Mastercard hikes up interchange fees for non UK merchants

25 Jan 21 @ 11:20

Mastercard has announced that it will raise interchange fees by about five times the current limit when a UK card holder uses a debit or credit card to buy from... read more

ACI stock shoots up amid strategic sale rumours

22 Jan 21 @ 15:42

There are strong rumours out of the US that activist investors are forcing ACI Worldwide to put itself up for sale or consider other strategic options, according to bankers and private-equity... read more

Infographic: Digital fraud trends for 2021

22 Jan 21 @ 15:20

The events of 2020 created no shortage of challenges for fraud teams. With quarantines and lockdowns looming for much of the year, millions of consumers turned to digital channels to... read more

Mobile outperforms 2020 expectations with consumers spending $143 billion on Apps

22 Jan 21 @ 13:28

App Annie has released The State of Mobile 2021 report. This annual appraisal provides insight into mobile’s expansive impact across industries and the global economy. 2020 accelerated mobile adoption as... read more

Cross-border real-time payment tracker for both payers and payees

22 Jan 21 @ 12:50

iBanFirst has launched a ‘Payment Tracker’ – a real-time payment-tracking service that sets new transparency standards for the payments industry. Rolled out to both payers and payees, this unique feature... read more

Bitpanda launches debit card that combines all assets into one card in real time

20 Jan 21 @ 16:31

Bitpanda is now taking pre-orders for their first physical product – the Bitpanda Card, facilitated by Visa. The card is linked to any asset in a user’s Bitpanda portfolio, allowing... read more

Capital One fined $390 million for anti-money laundering failures

20 Jan 21 @ 16:15

Capital One has picked up a $390 million penalty from the Financial Crimes Enforcement Network (FinCEN) for engaging in both “wilful and negligent violations of the Bank Secrecy Act (BSA)... read more

PayPal wins Chinese payments race with full ownership of payment business

19 Jan 21 @ 17:21

PayPal has manged to fend off serious competition and achieve what no other foreign company has been able to do to date becoming the first foreign operator with 100% control... read more

PBOC extends CBDC pilot to include contactless and NFC wearables

19 Jan 21 @ 12:56

The People’s Bank of China (PBOC) is reported to be extending its central bank digital currency (CBDC) pilot include a contactless wallet and NFC wearables to enable users to make... read more

Turkish banks collaborate to launch single ATM network

18 Jan 21 @ 15:37

Turkish banks and state owned lenders are reported to be cooperating to create an ATM network that will put all Turkish ATMs under one joint brand. ING Turkey, the Dutch banking... read more

Irish banks form alliance for faster payments app Synch

18 Jan 21 @ 09:00

Four of Irelands largest banks are joining forces to launch an instant payments digital payment app, dubbed Synch, that they intent to promote to help fend off the threat posed... read more

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Inside A7: How Russia built a parallel cross-border payments network

24 Sep 26 @ 16:29

Russia’s attempts to circumvent Western financial sanctions have developed into a sophisticated parallel payments architecture combining traditional banking, ... more

Global Banks set ground rules for Agentic Commerce as Fraud and Liability risks rise

27 Sep 26 @ 18:53

Six major banks have joined forces to establish principles for trusted agentic commerce, warning that the rapid adoption of AI shopping agents could outpace exi... more

UK Banks complete first live transactions using Tokenised Deposits

27 Sep 26 @ 18:52

Seven major UK financial institutions have completed the first live customer transactions using tokenised sterling deposits, marking an important step in Britai... more