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Open Banking viewed as big opportunity for UK FinTechs

29 Mar 18 @ 10:15

UK FinTechs see Open Banking as a major area of opportunity for 2018, according to the EY UK FinTech Open Banking Snapshot, launched at HMT FinTech conference. The majority (81%)... read more

Payment card acceptance set to surge by 40% to 85 million outlets worldwide

28 Mar 18 @ 10:46

The latest cards research, Global Payment Cards Data and Forecasts to 2022, reveals that the number of card-accepting merchant outlets rose by an impressive 7 million in 2016 to 61... read more

The new PCI DSS 3.2 standards – New authentication requirements for cardholder data

28 Mar 18 @ 10:14

Poor password management – including the continued reliance on default, stolen, weak and non-unique passwords – is a key factor in more than 80% of hack-driven breaches, according to Verizon’s... read more

Europol arrests mastermind of Carbanak cyber crime gang

27 Mar 18 @ 10:54

Spanish police have arrested a Ukrainian national they suspect is the head of the infamous Carbanak cyber crime gang that stole more than €1bn from 100 financial institutions, often by... read more

Instagram launches Instagram Shopping function in the UK

27 Mar 18 @ 10:46

Instagram has introduced a direct-to-consumer e-commerce brand with the launch of Instagram Shopping in the UK, an update on the social media platform allows consumers to seamlessly purchase products directly... read more

Payconiq mobile payments app merges with Bancontact in Belgium

26 Mar 18 @ 13:44

Payconiq, a mobile payments app supported by the majority of Belgian and Dutch banks, is to merge with Bancontact, the Belgian market leader in electronic payments. Created from a merger... read more

New Visa Chargeback Rules – Visa Claims Resolution – coming in April 2018

26 Mar 18 @ 12:37

On April 15, 2018, Visa’s new rules on chargebacks, called Visa Claims Resolution or VCR will come into effect. This new program has already gone live in Hong Kong and... read more

ECB declines to extend assurances to UK banks for Brexit transition

26 Mar 18 @ 09:59

UK headquartered banks are still planning for a March 2019 departure from the UE after European regulators declined to offer any formal assurances for how business can be conducted during... read more

Real-time payments to drive revenue growth according to ASEAN benchmark data report

23 Mar 18 @ 15:47

ASEAN financial institutions are focusing increasing investment on payments modernisation, with real-time payments capabilities serving as the first step to digital transformation across consumer and corporate services, per new benchmark... read more

World’s first multi cryptocurrency instant-messaging payments system

23 Mar 18 @ 14:12

TransCrypt is using Telegram as a base to launch a new universal cryptocurrency payment system that acts within the interface of popular messaging platforms, allowing users to send or receive... read more

Amazon merchants sales: 25% are cross-border e-commerce transactions

23 Mar 18 @ 12:13

Amazon is making a cross-border e-commerce transactions push for merchants on its website to sell goods into other countries, setting the stage for greater competition with rival marketplaces run by... read more

Chinese tourists want to use mobile payments

21 Mar 18 @ 07:21

Nearly all Chinese travellers (91%) would be more willing to shop and spend at overseas merchants that accepted Chinese mobile payments, according to a new Nielsen report, jointly released by... 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