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Europe is building EPI – an alternative to Visa and Mastercard – might it work?

28 Sep 20 @ 14:31

Last year the European Central Bank said that it welcomed the European Payments Initiative (EPI), an initiative by some of Europe’s top banks to explore the development of a “rival... read more

European Union sets 2024 as target date for digital currency asset laws

28 Sep 20 @ 09:47

The European Union (EU) has laid out a new legal framework for oversight and governance of digital currency assets by 2024, hoping to provide greater comfort for financial institutions in... read more

European Commission urged to further regulate card fees

25 Sep 20 @ 12:40

The European Commission has adopted a new Digital Finance Package, including Digital Finance and Retail Payments Strategies, and legislative proposals on crypto-assets and digital resilience. The package aims to boost... read more

Research note: The economic impact of SCA on e-commerce in Europe

24 Sep 20 @ 15:53

In a new report by CMSPI it calculates that €108 billion worth of online sales are at risk across Europe in 2021, as a direct result of the Strong Customer... read more

Yandex acquires Tinkoff for $5.5 billion

24 Sep 20 @ 15:21

Yandex has agreed to spend $5.5 billion to buy Tinkoff, the country’s top digital bank, in an all Russian deal. Yandex is preparing a cash-and-share offer for all of Tinkoff’s... read more

The European Payments Initiative: Building partnerships or raising red flags?

23 Sep 20 @ 12:43

In July the European Central Bank welcomed the decision brought forward by 16 European banks to launch The European Payments Initiative, a pan-European payment scheme. Although the solution aims to... read more

In-vehicle payments set to exceed $86 billion by 2025

23 Sep 20 @ 09:09

A new study has found that the value of in-vehicle payments, where a payment is made via embedded vehicle systems, will reach $86 billion in 2025, up from just $543 million... read more

COVID-19 Vs FinTechs: The European funding landscape in focus

22 Sep 20 @ 15:01

According to numerous reports and market analyses FinTechs have never had it so good – as CNBC announced last week that the payments industry by market capitalisation was now greater... read more

UK banks outperform rest of Europe in reducing card fraud

22 Sep 20 @ 14:11

UK banks achieved the biggest reduction in card fraud losses last year among 18 countries across Europe, according to the updated FICO European Fraud Map. More than half of the... read more

Binance rolls out Visa cashback cards across Europe

22 Sep 20 @ 09:01

Binance, the world’s largest cryptocurrency exchange, has begun offering Visa cards in Europe, the cards also allow users to earn up to 8% cashback. The exchange announced that cardholders will... read more

Is the EU prepared to force Apple Pay to open NFC access?

21 Sep 20 @ 12:53

It has been reported by Bloomberg that The European Union is considering new rules that would require Apple Pay to give competitors access to payments technology inside its phones. The... read more

The FinCEN files: $2 trillion of dirty money washed through global banks

21 Sep 20 @ 11:55

Over the weekend the FinCEN files story broke, one of the most reputationally damaging stories related to major global banks. Leaked secret government documents reveal how the giants of Western... 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