Daily news

02 Jul 15 @ 18:24

The humble current account has become the most targeted financial product by fraudsters, due to a loophole in the UK’s seven-day switching service. At least 89 in every 10,000 applications for... read more

02 Jul 15 @ 18:20

PayPal is spending $890m of its $6bn war chest on a deal to buy Xoom, a money transfer company, ahead of its split with parent company Ebay later this month.... read more

02 Jul 15 @ 18:09

The financial services industry must set aside competition and collaborate on biometrics to ensure consistent, easy and convenient services for end users. These are the findings of a survey published... read more

02 Jul 15 @ 18:00

Having trialled the Facebook Messenger payment service, Facebook announced that the payment feature is now available for Facebook Messenger users in the US. Now you can make person-to-person payments by adding your... read more

01 Jul 15 @ 16:01

Visa has denied that it is about to shut down Fundamo, the mobile payments company it bought for $110m in cash five years ago. That is contrary to what a number of... read more

01 Jul 15 @ 15:56

Chinese fans of fried chicken will soon have a new way to pay for their food fix after Alibaba’s payments unit Alipay hooked up with KFC, as the country’s ecommerce... read more

01 Jul 15 @ 15:50

The world’s largest technology companies are piling in, seeking to replicate in India the e-commerce dominance they enjoy in their home markets. The contest will soon pit American tech groups... read more

30 Jun 15 @ 10:28

In as little as a decade we will look back at the fractured banking and payments sector with utter astonishment at just how long traditional banking services weren’t challenged –... read more

30 Jun 15 @ 10:25

European payments regulation, such as the original Payment Services Directive (PSD) of 2007 and Single Euro Payment Area (SEPA), have already caused significant change within the banking and payment industry.... read more

30 Jun 15 @ 10:24

With more Americans using credit, debit and prepaid goods to pay for goods and services, the merchant card processing fees to process those cards continues to rise. General purpose and private... read more

30 Jun 15 @ 09:09

ONPEX has announced a new partnership with The Flying Merchant, a global provider of high risk merchant services. While traditional PSPs might shy away from offering merchant accounts to high... read more

29 Jun 15 @ 16:37

Having lost some of its teeth, the Payments Council will relaunch as Payments UK, a new trade association launched Monday 29 June. The new association will provide “a single, authoritative... read more