Daily news

Showing Latest Daily news

Biometric authentication of mobile payments to surge 1,000% to $2.5 trillion

05 Feb 20 @ 15:03

According to a new report, biometric authentication will be used to secure $2.5 trillion worth of mobile payment transactions by 2024, an increase of almost 1,000% on the $228 billion... read more

European card payments growth slows to 2.7% as digital payments start to bite

04 Feb 20 @ 10:14

Independent research conducted for the Digital and Card Payments Yearbooks suggests that account-to-account digital payments may be starting to replace card payments in some of the world’s most advanced payments... read more

Consumers ready for next-generation technology to improve retail experience

04 Feb 20 @ 08:44

Most shoppers are now ready and waiting for retailers to implement innovative payment methods and in-store technologies to improve their shopping experience. These findings are part of a global study... read more

Visa and Mastercard heading to be the next trillion dollar companies

03 Feb 20 @ 18:35

Soaring stock prices are propelling Visa and Mastercard up the market value charts, where they currently rank 7th and 11th among companies in the benchmark S&P 500 index. The stock... read more

Cashless payments exceed cash transactions in Russia in for the first time

03 Feb 20 @ 16:43

Sberbank has analysed cashless payments in Russia under the SberData project, its big data analytics and processing initiative. For the first time ever, over a half of products and services... read more

Worldline agree to pay €7.8 billion for Ingenico in another mega merger

03 Feb 20 @ 11:03

Worldline has this morning announced it agreed a deal to buy local rival Ingenico in a €7.8 billion deal that will create a global player in the rapidly consolidating payments... read more

How fraudsters are attacking Open Banking weaknesses

30 Jan 20 @ 16:35

Two years ago, opportunity for the FinTech community was abound with the arrival of Open Banking. And while the initial uptake was slow to materialise, we are now finally realising... read more

Challenger bank N26 reaches 5 million customer milestone

30 Jan 20 @ 11:54

N26, one of the so called Challenger banks has reached the milestone of 5 million customers. N26 was founded in 2013 and raised $683 million (£520 million , €616 million... read more

Global financial institutions rack up $36 billion AML, KYC and Sanctions fines

29 Jan 20 @ 17:42

Fenergo released its findings on financial institution fines which shows that in December 2019 global penalties totalled $36 billion for non-compliance with Anti-Money Laundering (AML), Know your Customer (KYC) and sanctions... read more

93% of mobile transactions blocked as fraudulent in 2019

29 Jan 20 @ 17:15

In a fascinating report, 93% of total mobile transactions in 20 countries were blocked as fraudulent in 2019 according to a report on the state of malware and mobile ad... read more

Report: The future of payments – Cash survives … for now

29 Jan 20 @ 10:57

When people discuss the future of payments they tend to predict the end of cash. Not only do we think cash will be around for a long time, we see... read more

60% of millennials using point of sale credit finance services when shopping

28 Jan 20 @ 16:30

New analysis has found a growing appetite for point of sale credit finance – otherwise known as ‘buy now, pay later’ –  among younger UK consumers, with over 60% (67%)... read more

Trending

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

Starling Builds UK-Sovereign AI Model With Nvidia and Civo

15 Oct 26 @ 19:41

Starling is developing a transactional foundation model with Nvidia that will be trained and hosted entirely within a UK sovereign cloud, as the digital bank lo... more

UK Moves to Open iPhone Contactless Payments to Apple Pay Rivals

22 Oct 26 @ 18:16

The UK’s competition regulator has set out proposals that could significantly widen access to contactless payments on Apple’s iPhone, potentially lowering b... more