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Sixdots goes live with multiple banks in Belgium

09 Dec 14 @ 10:03

9 banks representing 80% of the Belgian market can now make use of Sixdots, a mobile wallet service that uses a combination of QR codes and a 6-digit PIN to make... read more

ECB to address instant payments in euro

09 Dec 14 @ 09:56

In its second meeting, on 1 December 2014, the Euro Retail Payments Board (ERPB), a multi-stakeholder group chaired by the European Central Bank (ECB), decided to step up work on the... read more

Contactless card payments to take off this Christmas

09 Dec 14 @ 09:46

PaymentsCM (PCM) predicts that contactless card payments in the UK this Christmas will exceed £500 million with over 250,000 transactions in December. The increase in contactless users has had a... read more

Barclays extends cheque imaging pilot

08 Dec 14 @ 17:03

Barclays is giving 1 million customers the ability to deposit cheques remotely by taking photographs with their phones – cheque imaging. Barclays has been piloting the service with a few... read more

Ripple plug into Earthport payment hub

08 Dec 14 @ 16:51

Ripple Labs is to plug its real-time settlement protocol into the Earthport payment hub, opening new channels to market for the open source transaction technology. Under the partnership, Earthport’s customers... read more

Faster Payments sets out new access model vision

08 Dec 14 @ 16:26

The UK’s Faster Payments scheme, now in its sixth year since Faster Payments were launched as a near real time, world-class payment clearing system. The service has been a great success; annualised growth... read more

1 in 10 iPhone owners use Apple Pay

08 Dec 14 @ 09:56

A new report from InfoScout suggests Apple Pay is yet to gain widespread adoption among iPhone 6 owners due to poor consumer awareness of which stores accept the NFC payments... read more

US outlines cyber security steps for securing the payments system

08 Dec 14 @ 09:49

This week, the Merchant Financial Cyber Partnership announced plans to strengthen the security of the payments system and align on cyber security. In a press release, the group announced the... read more

$300 million in bitcoin spent during Cyber weekend frenzy

04 Dec 14 @ 11:54

A total of $296 million was spent globally across the bitcoin network on Cyber weekend, according to insight provided by Bitnet. Bitcoin registered as the 9th biggest payment network worldwide... read more

Noncash transactions: global trends and forecasts

04 Dec 14 @ 11:07

In a new report, Celent summarizes payment statistics and noncash transactions it tracks from over 120 countries, by both payment type and region. Celent estimates that there were 345.7 billion... read more

E-commerce spend to hit £17.4 billion at Christmas

04 Dec 14 @ 09:14

E-commerce Christmas spend in the UK is set to hit a record £74.3 billion, with almost one in four pounds expected to be spent online, according to research commissioned by digital offer marketplace... read more

Target fails to get lawsuit overturned

03 Dec 14 @ 15:32

US retailer Target has failed to overturn the lawsuit brought against them by financial institutions over losses associated with last year’s data breach after a US judge has given  the go-ahead to... 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