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CHAPS reduces fees by 50% to entice low-volume participants

27 Jan 15 @ 11:24

CHAPS, the UK’s same day high-value payment system operator, has reduced CHAPS participation fees by 50% for existing and prospective low-volume Direct Participants. This restructuring of its funding model honours... read more

EPC publish SEPA Direct Debit rulebook update

27 Jan 15 @ 11:02

The European Payments Council (EPC), representing the European banking industry in relation to payments, today published a further iteration of the SEPA Direct Debit (SDD) Rulebooks, i.e. the SDD Core... read more

BRIC e-commerce market report

26 Jan 15 @ 11:21

yStats.com has published a new report about B2C e-commerce market in the four top emerging countries, Brazil, Russia, India and China. The “BRIC B2C e-commerce Markets” report reveals that the... read more

Smart terminals still represent big opportunity for criminals

23 Jan 15 @ 11:34

As the industry continues its trend toward smart terminals with integrated software for payments and other services, criminals are likewise stepping up their efforts to secure a new treasure chest of data... read more

50% of US retailers not prepared for EMV migration deadline

23 Jan 15 @ 10:34

With only nine months until the EMV migration deadline, retail and technology professionals are still unprepared, according to a recent survey by ACI Worldwide. The survey of 200 retail industry... read more

EU agree caps on debit and credit card interchange fees

22 Jan 15 @ 14:16

Following the release of the final compromise text for the proposed Regulation on interchange fees for card-based payment transactions (the MIF Regulation) on 19 January 2015, European countries have finally... read more

11% of Android banking apps are “suspicious”

22 Jan 15 @ 13:21

RiskIQ, the company that enables organizations to maintain the integrity of their brands on websites and mobile app stores, has announced research findings on the prevalence of suspicious mobile banking apps.... read more

Monitise for sale as revenues freefall

22 Jan 15 @ 12:07

In an unsurprising move, Monitise, the UK mobile payments company, has issued its third revenue warning in a year and appointed advisers to consider a sale of the business, as it... read more

W3C joins battle for payments standard

22 Jan 15 @ 09:00

In October 2014, W3C, the World Wide Web standards organization, announced plans to develop a world-wide payments standard for internet payments. The initiative is an interesting project to monitor since... read more

Amazon withdraws mobile wallet app

21 Jan 15 @ 15:23

Amazon has quietly announced that it is withdrawing from the mobile payments scene and has removed its mobile wallet from the various app stores after just six months. The limited... read more

Supreme Court rejects debit card interchange challenge

21 Jan 15 @ 10:00

The Supreme Court handed US banks a victory as it declined to consider a challenge by a group of retailers to Federal Reserve regulations setting fees for processing debit-card transactions,... read more

UK banking body moves to regulate bitcoin

21 Jan 15 @ 09:50

During 2014 we saw several occasions of significant political figures from the UK having a bitcoin friendly stance – is this all set to change in 2015. UK Shadow Minister Chi Onwurah and Chancellor of... 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