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BNP Paribas joins CHAPS Payment System

16 Jul 15 @ 12:08

CHAPS Co. the UK’s same day high-value electronic payment system, has announced the addition of BNP Paribas as a Direct Participant onto its system.   As a Direct Participant, BNP... read more

New data security standards published

16 Jul 15 @ 11:51

Following various high-profile encryption protocol vulnerabilities, the PCI Security Standards Council has published an out-of-schedule update to the PCI Data Security Standards (PCI DSS) and Payment Application Data Security Standard... read more

The millennials have arrived

15 Jul 15 @ 15:47

The digital decade has re-shaped industries as far afield as healthcare and retail. By contrast, the financial services industry has remained relatively unaffected, until now. With a generation of ‘digital... read more

US credit card use growth rate overtaking debit

15 Jul 15 @ 15:33

US credit card use appears to be growing faster than debit card use, according to a new Federal Reserve Bank of Philadelphia report. The report shows between 2007 and 2012,... read more

Dyre malware reboots for holiday phishing attacks

15 Jul 15 @ 10:40

Shortly after online banking customers in the UK were warned of a major phishing campaign using the notorious Dyre malware designed to steal financial data, the malware has resurfaced in a new iteration... read more

Payments in the spotlight at RBTE 2016

15 Jul 15 @ 09:53

RBTE, Europe’s largest retail solutions gathering will be putting an even greater focus on the topic of payments for its 2016 event. Since its launch RBTE has been the leading... read more

Apple Pay launches in UK

14 Jul 15 @ 16:20

Despite the fact that PCM readers have known for weeks that Apple Pay was to launch in the UK on the 14th of July – it did launch. However, depending... read more

Iranian banks rejoin SWIFT

14 Jul 15 @ 15:53

Just hours after the historic settlement and lifting of years old sanctions against Iran regarding their nuclear capabilities, the Iranian banks have rejoined the SWIFT international banks settlement network. Iran’s Day... read more

Western Union’s Omni-Channel strategy is gaining momentum

14 Jul 15 @ 14:29

The Western Union Company and PKO Bank Polski, the largest Polish bank, have enabled Western Union Money Transfer transactions originated from nearly anywhere in the world to be paid out at more... read more

Walmart India in deal with M-Pesa

13 Jul 15 @ 16:11

Vodafone India has formed a strategic partnership with Walmart India that will enable business members of Walmart-owned Best Price wholesale stores to make payments using the M-Pesa mobile wallet services. The partnership will... read more

Danish Bitcoin outfit launches Bitcoin debit card

13 Jul 15 @ 15:49

The Danish Bitcoin outfit CCEDK has announced that it is coming out with its own Bitcoin debit card. In addition to strictly storing the funds as Bitcoin or USD, the user... read more

Nigerian mobile money transactions hit $3.5 billion

13 Jul 15 @ 12:08

Nigeria has recorded a total transaction of N700 billion, about $3.5 billion, through the mobile money banking system since 2012, according to the  Central Bank of Nigeria (CBN). The Director,... read more

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ECB brings Central Bank money to tokenised market

23 Sep 26 @ 14:34

The European Central Bank has taken a significant step towards integrating distributed ledger technology with Europe’s core financial infrastructure, launchin... more

European E-commerce Hits €911bn as Payments Reshape Online Retail

21 Sep 26 @ 19:41

European e-commerce has broken through the €900bn barrier, underlining the growing importance of digital retail to the continent's economy while intensifying ... more

Inside A7: How Russia built a parallel cross-border payments network

24 Sep 26 @ 16:29

Russia’s attempts to circumvent Western financial sanctions have developed into a sophisticated parallel payments architecture combining traditional banking, ... more