Daily news

12 May 16 @ 14:32

The US Federal Trade Commission (FTC) is flexing its muscles regarding data security. In early March 2016 the agency issued orders to nine companies that conduct payment card industry data... read more

12 May 16 @ 14:25

Global general purpose cards generated 227.08 billion purchase transactions at merchant locations in 2015, an increase of 16.1% on 2014 figures, according to the Nilson Report. Purchase transactions included consumer... read more

11 May 16 @ 17:12

Contactless payments in Europe passed a major milestone as Visa Europe announced 3 billion contactless transactions were made in the last 12 months – nearly tripling that of the same period... read more

11 May 16 @ 16:50

JETCO, a bank consortium chartered to develop innovative and secure financial technology services for over 30 member banks in Hong Kong and Macau is set to roll out P2P mobile... read more

11 May 16 @ 16:29

In order to identify issuers’ reactions to the interchange regulation decreases effective December 2015, First Annapolis has been closely monitoring the product offerings of the top 5 issuers in 13... read more

11 May 16 @ 13:51

Seamless has been granted authorization by Sweden’s financial supervisory authority, Finansinspektionen, to issue electronic money. This means that SEQR users can send and receive money, worldwide, in real time. Under... read more

10 May 16 @ 11:53

SWIFT on Monday heavily rejected allegations by officials in Bangladesh that technicians with the global banking system made the nation’s central bank more vulnerable to hacking before an $81 million cyber... read more

10 May 16 @ 10:29

The amount of money that Kenyans transact daily through M-Pesa is half of what it cost to construct the Thika Superhighway, latest figures from Safaricom reveal. At Sh15 billion ($149,012,250... read more

10 May 16 @ 09:49

Google has been awarded  a patent for aerial drone delivery by The United States Patent and Trademark Office (USPTO), concept, postandparcel.info. This includes a system for lowering items to the ground... read more

09 May 16 @ 12:35

iovation and Aite Group have developed an impact note entitled “EMV: Issuance Trajectory and Impact on Account Takeover and CNP.” The report calculates that card not present fraud – fraudulent transactions where a... read more

09 May 16 @ 12:19

The European Central Bank has stopped producing €500 notes, in a move it depicts as a crackdown on crime but which critics in German-speaking countries say is part of an... read more

09 May 16 @ 11:57

The Netherlands has seen a significant uptake of contactless payment cards since their introduction in 2014. Contactless technology is gaining traction in the Netherlands as banks are introducing new solutions to... read more