Issuing & Acquiring

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New EMV chip cards will lead to significant increase in CNP fraud

24 Nov 16 @ 09:45

As the dreaded Black Friday draws nearer, iovation is predicting a significant increase in CNP fraud – fraudulent transactions where a credit card is not physically presented to a merchant... read more

First FI to implement mobile behavioral biometrics for User Authentication

23 Nov 16 @ 09:47

Bank Leumi, one of Israel’s largest banks, says that its credit card subsidiary, Leumi Card, will introduce the first-of-its-kind integration of a mobile security product based on behavioral biometrics. Based... read more

Visa hits out at EBA plans for strong customer authentication set to ruin UK e-commerce market

23 Nov 16 @ 09:23

The European Banking Authority (EBA) has brought forward proposals for how it will implement what is called strong customer authentication (SCA). Visa has warned that new European rules on e-commerce... read more

Lower cost of Instant Payments opening market for small and mid-sized banks

22 Nov 16 @ 12:51

A new study by Lipis Advisors, experts in real-time payments, has found that the cost of migrating to Instant Payments infrastructure for small and medium sized banks is far lower... read more

Chase launches new mobile payment app Chase Pay

21 Nov 16 @ 13:39

Chase customers can download and pay with Chase Pay, its new mobile payment app that works in stores, in app and online. The Chase Pay app works at the more... read more

Barclays installs contactless ATMs to access cash

21 Nov 16 @ 13:29

Barclays says it is installing contactless ATM’s in branches across the country, enabling customers to withdraw up to £100 by tapping their mobile phone or debit cards at the terminal.... read more

Making PSD2 access to bank accounts work in practice

17 Nov 16 @ 12:19

There is a massive trend in many industries for co-development of solutions. Apple does not develop all apps themselves but provide a platform for others. Amazon does not produce own... read more

Spire Payments launches Android-based SmartPOS

17 Nov 16 @ 09:19

Spire Payments is set to launch its SPx1, a next generation SmartPOS device, and its ‘Converge’ payment software framework. The SPx1 SmartPOS is a milestone in the evolution of payment... read more

4 million ($5bn) same day ACH Payments transacted in October 2016

16 Nov 16 @ 12:11

NACHA released Same Day ACH transaction volume data for October, the first calendar month following Phase 1 implementation on Sept. 23, 2016. Same Day ACH, an industry initiative to move... read more

Finland launches first real-time mobile payments platform

16 Nov 16 @ 10:37

Automatia says it has launched Finland’s first real-time mobile payments platform based on a multi-banking platform, named Siirto. Tieto has designed and implemented the service. Siirto is an open payment... read more

NFC-ready POS terminals to reach 16.1 million in 2016

15 Nov 16 @ 14:45

According to new research from Berg Insight, the market for NFC-ready POS terminals continues to show strong momentum in 2016 with annual shipments anticipated to reach an estimated 16.1 million... read more

Citi launch mobile wallet and unveils global API developer hub

11 Nov 16 @ 11:46

Citibank has launched a closed loop mobile wallet dubbed Citi Pay as well as become the latest FI to open up its technology and architecture to third parties through the... 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