Issuing & Acquiring

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US EMV migration will take years

01 Oct 15 @ 14:54

Its October the 1st. The deadline for US merchants to accept secure chip-enabled credit and debit cards,the US EMV migration, may take years for the conversion to be fully implemented. “Realistically,... read more

European real-time payments progress

01 Oct 15 @ 11:26

While the outlook for real-time payments in the US market remains fragmented and uncertain for the time being, in Europe the pace of development and usage is quickening and real-time payments (or... read more

Discover start accepting Apple Pay

23 Sep 15 @ 16:06

Discover has announced it will integrate with Apple Pay. Apple Pay already accepts users with MasterCard, American Express, and Visa, and Discover’s participation means Apple Pay is now compatible with all... read more

$20 trillion spent on payment cards worldwide in 2014

16 Sep 15 @ 19:59

New research by RBR shows that the number of payment cards in circulation worldwide increased by 11% in 2014 to reach 12 billion, largely driven by strong growth in Asia-Pacific... read more

Visa US EMV figures show slow progress

14 Sep 15 @ 17:13

18% of the 720 million Visa-branded credit, debit, and prepaid cards in the US contained an EMV chip as of July, according to new Visa figures. Visa’s figures also indicate about... read more

EVO acquires Citi’s Merchant Acquiring business in Mexico

02 Sep 15 @ 16:03

EVO Payments International (EVO) has announced the successful completion of the purchase of Citigroup’s merchant acquiring business in Mexico, conducted through Banco Nacional de Mexico S.A. (Banamex), a wholly-owned subsidiary of Citigroup.... read more

TSYS signs payments agreement with Metro Bank

02 Sep 15 @ 15:58

TSYS announced that it has signed an agreement to process Metro Bank’s credit and debit card portfolios on TSYS’ TS2 processing platform, as well as provide Metro Bank fraud management services... read more

UK spend limit on contactless cards lifted

01 Sep 15 @ 15:30

UK consumers will now be able to spend up to £30 using contactless cards after the limit was increased. The limit per transaction for contactless cards, which do not require a... read more

Durbin effect on debit card costs mixed

28 Aug 15 @ 13:05

The Durbin Amendment may not be reducing merchants’ debit card acceptance costs to the degree its supporters had hoped, and it has not encouraged many retailers to pass savings on... read more

UK contactless card use skyrockets

26 Aug 15 @ 17:02

Spending by British consumers on their contactless cards has increased more than five-fold in the last 12 months, according to MasterCard’s UK spending data. Cardholders have driven 560% year-on-year growth... read more

Credit card: unsuitable for online payments

26 Aug 15 @ 15:28

The credit card was originally designed for making cashless purchases at stationary retailers. The idea was that the cardholder would produce the signed card when paying – when he or she... read more

Big changes in US Debit industry

21 Aug 15 @ 16:10

The 2015 Debit Issuer Study, commissioned by PULSE, one of the nation’s leading debit/ATM networks, highlights the underlying trends that have contributed to the rise of debit during the 10... 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