E-Money

Showing Latest E-Money

Citibank has lucky escape over $500 million transfer as Judge overturns ruling

20 Sep 22 @ 11:10

Citibank has been told it is entitled to recoup $500 million that it accidentally wired Revlon, a US appeals court has announced. Reversing a lower court ruling, the 2nd U.S. Circuit... read more

ECB selects companies for prototyping of digital euro

19 Sep 22 @ 10:55

The European Central Bank (ECB) has announced the list of collaborators  they will contract with to develop potential user interfaces for the digital euro. The aim of this prototyping exercise... read more

UK embraces digital banking – Europe still trailing behind

14 Sep 22 @ 16:56

UK consumers are significantly ahead of their European counterparts in their embrace of digital banking, new data shows. The research, commissioned by Europe’s leading provider of consumer and business credit... read more

Embedded finance transaction value to more than double to $7 trillion

14 Sep 22 @ 12:40

Embedded finance, the integration of value-added financial services into software offerings, is set to redefine how consumers and businesses build and manage relationships with financial services, according to new research and... read more

Central Bank of India commits to digital rupee trial

09 Sep 22 @ 12:36

In February Payments Cards & Mobile reported India’s central bank says it will launch a digital rupee CBDC in the next financial year, according to the country’s finance minister. “Introduction... read more

Visa Token Service hits 4 billion – surpasses Visa cards issued

26 Aug 22 @ 15:54

Visa says it has issued over 4 billion network tokens worldwide through its security technology Visa Token Service (VTS), outpacing the total number of its physical cards in circulation. Visa... read more

Faster Payments and Mobile Banking continue stellar growth

26 Aug 22 @ 12:52

Faster Payments and mobile banking remain popular in the UK in 2021, with 86% of all UK adults using at least one form of remote banking during 2021 (online banking... read more

Citibank and the $900 million “biggest blunders in banking history”

22 Aug 22 @ 12:30

In August 2020, Citibank mistakenly used its own money to repay a $900 million term loan it administered on behalf of Revlon that was held by multiple asset management groups.... read more

BLIK Q2: 300 million transactions in one quarter

19 Aug 22 @ 13:42

In Q2 2022, BLIK users completed 292 million transactions worth PLN 38.7 billion (€8.14 billion). At that time, the number of payments in traditional payment terminals was growing the fastest... read more

Reserve Bank of Australia to explore use cases for CBDC

11 Aug 22 @ 13:35

The Reserve Bank of Australia is collaborating with the Digital Finance Cooperative Research Centre (DFCRC) on a research project to explore use cases for a central bank digital currency (CBDC).... read more

Long Read: Payments regulation and the systemic perimeter

08 Aug 22 @ 16:26

On 20 July 2022, HM Treasury published a consultation and call for evidence on the government’s approach to reforms to the payments regulation landscape, including the systemic payments perimeter of the... read more

Radical change in payments requires a KYC revolution

03 Aug 22 @ 14:59

A new white paper from Ondato argues the massive changes we’re seeing in the way people pay need to be matched by changes in the way we authenticate, onboard and verify... read more

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Mastercard and BVNK Launch Platform Linking Fiat and Stablecoin Payments

20 Oct 26 @ 09:06

Mastercard has launched a new platform with BVNK that brings fiat currencies and stablecoins together through a single API, marking the first major integration ... more

Starling Builds UK-Sovereign AI Model With Nvidia and Civo

15 Oct 26 @ 19:41

Starling is developing a transactional foundation model with Nvidia that will be trained and hosted entirely within a UK sovereign cloud, as the digital bank lo... more

UK Moves to Open iPhone Contactless Payments to Apple Pay Rivals

22 Oct 26 @ 18:16

The UK’s competition regulator has set out proposals that could significantly widen access to contactless payments on Apple’s iPhone, potentially lowering b... more