Daily news

Showing Latest Daily news

Square announces it will apply for bank licence

07 Sep 17 @ 15:29

Square says it plans to submit an application to form a wholly owned bank based in Utah. The unit, to be called Square Financial Services, would offer loans and deposit... read more

FIDO Alliance jumps into PSD2 Screen Scraping debate with letter

07 Sep 17 @ 15:15

Conversations are ongoing between the European Commission (EC) and the European Banking Authority (EBA) around the Regulatory Technical Standard (RTS) for Strong Customer Authentication (SCA) under the Payment Services Directive... read more

The rise of the mobile channel – Mobile wallet security

07 Sep 17 @ 12:27

Following on from our previous mobile wallet post, consumer perceptions of bank-based mobile wallet security vary across the globe, though in general consumers have a high degree of confidence in... read more

UK’s largest retailer launches Tesco Pay+

06 Sep 17 @ 10:25

The UK’s largest retailer, Tesco, with £54.4m in sales has announced that its current digital wallet app PayQwiq, is to be re-launched as Tesco Pay+. Further details about Tesco Pay+... read more

Chinese central bank declares Initial Coin Offering illegal

05 Sep 17 @ 13:35

The Bitcoin price fell heavily after China’s central bank said Initial Coin Offerings are illegal and asked all related fundraising activity to be halted immediately, issuing the strongest regulatory challenge... read more

Cryptocurrency transactions to break $1 trillion barrier this year

05 Sep 17 @ 13:15

A new study from has found that the value of cryptocurrency transactions is expected to surpass $1 trillion in 2017, more than 15 times the level in 2016. The new research... read more

The rise of the mobile channel – global mobile wallet adoption

05 Sep 17 @ 10:17

Mobile wallet and payments have been hot topics for a few years, with many predicting the end of traditional card payments and overstuffed “Costanza” wallets. Rumours of cards’ demise have... read more

BRICS account for nearly half of global e-commerce sales

04 Sep 17 @ 12:03

E-commerce is set to prosper among the BRICS countries and become a major link connecting their residents, according to a report by AliResearch the research arm of Alibaba. By 2022,... read more

Australian banks to kill PINs by pushing towards biometric authentication

04 Sep 17 @ 11:10

Consumers will soon be able to forget about PINs and frustratingly long 16-digit card numbers when shopping online and in the real world, as Visa moves to make Australian banks... read more

Six global banks join to create Utility settlement coin a blockchain based digital currency

01 Sep 17 @ 15:49

In competition with R3 and Swifts blockchain initiative, six of the world’s biggest banks have joined a project to create a new form of digital currency that they hope to... read more

Contactless payments are No.1 payment choice for UK market

01 Sep 17 @ 13:38

The UK is a world leader in contactless payments. The widespread adoption of contactless in the UK was a gradual process but over the past few years contactless use has... read more

Nets nearing rumoured $5 billion acquisition by US private equity firm

01 Sep 17 @ 13:19

Nets is rumoured to be nearing a deal that is expected to value the company’s shares at more than DKr31.3bn ($5bn) with US private equity firm Hellman & Friedman the... read more

Trending

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