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Mobile biometrics to authenticate $2 trillion of sales by 2023

26 Jul 18 @ 08:36

A new study has found that mobile biometrics will authenticate $2 trillion worth of in-store and remote mobile payment transactions annually by 2023. This is 17 times the $124 billion... read more

Corporates pilot new multi-bank payments tracking on SWIFT gpi

25 Jul 18 @ 15:35

SWIFT gpi, along with a number of corporates and banks, has announces plans to start testing an enhanced multi-bank standard to further improve the cross-border payments experience for multi-banked corporates.... read more

American Express files latest blockchain-based proof of payment technology patent

25 Jul 18 @ 15:17

American Express has proceeded with the latest in a series of blockchain patents that it is seeking to position the group as the leader in new blockchain enabled transaction technology.... read more

UK court ruling allows Police to seize and use money laundered cryptocurrency

25 Jul 18 @ 15:03

The UK Police force in Surrey has become the first UK force to seize and convert bitcoin as part of a criminal probe, netting £1.25m worth of the cryptocurrency, some... read more

FCA approval? Are cryptocurrencies going mainstream?

17 Jul 18 @ 09:58

UK regulators are starting to give cryptocurrencies and associated crypto assets their seal of approval. This is significant, not least because it goes against the prevailing wisdom among policymakers around the world... read more

Is it time for a serious Open Banking standard?

17 Jul 18 @ 09:23

There are four things that should now be crystal clear to everyone involved in Open Banking. Open Banking has arrived. It was the #1 topic at Money 20/20 Europe. Open... read more

Square withdraws bank application

16 Jul 18 @ 09:18

Square has confirmed that it has withdrawn its application to open a depository bank, although it plans to refile with a top regulator at a later date. Square first submitted... read more

Bitcoin computing power growth outpacing its price

16 Jul 18 @ 09:05

Since last year the bitcoin hash rate — the amount of computing power used by bitcoin’s network of computers to create new coins — has soared as it rushes to catch... read more

Worldline obtains its “pan-European” Third Party Provider (TPP) license

16 Jul 18 @ 08:53

Worldline has obtained two new licenses, linked to the PSD2, from the National Bank of Belgium enabling the company to become a Payment Initiation Service Provider (PISP) and an Account... read more

Mastercard and Visa hit with setback in UK interchange fees law suit

13 Jul 18 @ 10:41

In a damaging set back, a British appeals court ruled in favour of retailers including some of the UK’s biggest retailers, in massive a blow to the card networks which could now... read more

Biometric technology use set to rocket for payment authentication

13 Jul 18 @ 10:27

With new EU regulations coming into place next September, Mastercard is predicting a significant increase in the use of biometric technology to authenticate who is paying. With regards to card... read more

UK’s Tesco tests checkout-free shopping

12 Jul 18 @ 10:40

The UK’s biggest retailer, Tesco, is reported to be trialling a checkout-free method of payment for its convenience stores, allowing customers to scan products on their mobile devices and then walk... read more

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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