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EuroCommerce petitions for more interchange fee regulation as card fees continue to rise

18 May 20 @ 10:39

EuroCommerce Director-General Christian Verschueren has pressed the European Commission to act on the growing problems facing retailers and wholesalers resulting from the limited scope of the Interchange Fee Regulation (IFR).... read more

Coronavirus tax relief scams and economic impact payments prove we need better ID verification

18 May 20 @ 07:00

New ID verification (IDV) solutions are emerging that revolve around mobile phone ownership and possession together, thereby detecting both stolen numbers and fraudulent numbers when performing a phone number check.... read more

Diebold Nixdorf suffers ProLock ransomware attack

14 May 20 @ 12:04

Diebold Nixdorf has succumbed to a ProLock ransomware attack that is reported to have disrupted some operations. First reported by Krebsonsecurity, the ransomware attack struck the company April 25 and... read more

Mastercard defends £14 billion interchange fee action in supreme court

14 May 20 @ 10:54

Mastercard is facing a claim of up to £14 billion in a landmark UK collective action case over interchange fee charges that were passed on to shoppers. This week, a... read more

Mastercard updated Q2 2020 operating metrics reflect COVID-19 impact

14 May 20 @ 10:11

Mastercard has updated its operating metrics with an additional two weeks of information, in which it is monitoring the impact of the COVID-19 pandemic and related actions being taken by... read more

Warning of surge in opportunistic chargebacks fuelled by COVID-19

13 May 20 @ 15:37

The sudden boom in e-commerce caused by government mandated social distancing and in-store business closures is already generating a sharp increase in fraud and chargebacks. “In the past few weeks,... read more

FinTech Q2 2020: The highs and lows of the market

13 May 20 @ 10:29

I think that the fact that COVID-19 has ravaged economies and industrial sectors does not need to be mentioned again, however the impact on FinTech is now starting to be... read more

Sub-Saharan Africa: The land of mobile money

12 May 20 @ 13:25

As the world comes to terms with the impact that the COVID-19 pandemic continues to have on the health and lives of many, some are left wondering exactly what the... read more

Bitcoin third halving: What does it mean for the market?

12 May 20 @ 13:07

Yesterday, Bitcoin went through a much-hyped adjustment that reduced the rate at which new coins are created. The world’s biggest cryptocurrency’s so-called “halving” happens roughly every four years. Halving cuts... read more

Digital payments companies launch new EU trade body: EDPIA

11 May 20 @ 16:03

Ingenico Group, Nets Group, Nexi, and Worldline have announced the launch of an EU advocacy alliance bringing together Europe’s independent payment services providers. The “European Digital Payments Industry Alliance” (EDPIA)’s... read more

European Central Bank to focus on retail CBDC

11 May 20 @ 15:35

The European Central Bank (ECB) says it will look into what a retail central bank digital currency (CBDC) form of the euro might look like. The ECB set up a... read more

Payvision changes leadership with new CEO

11 May 20 @ 15:03

Payvision, a global FinTech and omnichannel payments provider, announced today that it has appointed Andre Valkenburg as its new CEO. Andre brings more than 20 years of experience in the... read more

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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

Mastercard and BVNK Launch Platform Linking Fiat and Stablecoin Payments

20 Oct 26 @ 09:06

Mastercard has launched a new platform with BVNK that brings fiat currencies and stablecoins together through a single API, marking the first major integration ... 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