Issuing & Acquiring

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Discover Financial sues Visa over anti-competitive PIN practices

26 Nov 14 @ 12:16

Discover Financial Services is suing Visa Inc , alleging the largest cards company has been using anti-competitive practices in its debit card business, and sought compensation for lost profit, court documents showed. Discover,... read more

The current Bitcoin acceptance market

26 Nov 14 @ 09:23

Bitcoin has a long road ahead before merchants widely accept the currency, but bitcoin acceptance is expanding and accelerating. Silk Road, the illicit online black market, was an infamous early... read more

Bitcoin ATMs paying off initial investments in months

20 Nov 14 @ 10:00

An industry that was non existent a mere 12 months ago is flourishing and profitable, according to Bitcoin ATM pioneers, Lamassu. Internal Lamassu surveys show that standard cash-to-Bitcoin ATM locations... read more

Making the most of merchant loyalty

19 Nov 14 @ 11:00

Creating merchant loyalty – location–based offers, discounts and targeted messaging are helping to place merchants at the centre of consumer engagement. According to research by IDC, 1.5 billion smartphones will... read more

One Single Market needs one set of rules for card fees

18 Nov 14 @ 11:27

This week, Europe’s politicians begin trialogue talks to decide final rules on how much payment cards will cost merchants and consumers in card fees. The end goal is more competition... read more

Multilateral Interchange Fee (MIF) regulations impacting German banks

11 Nov 14 @ 12:00

TSYS has released its white paper titled “How Issuers in Germany Can Replace Threatened Interchange Fees.” The paper explores the financial threat to German issuers of proposed changes to the... read more

EMV chip transaction figures published by EMVCo

10 Nov 14 @ 12:03

Official figures released by the global technical body EMVCo show that nearly 30% of all card-present transactions conducted globally between July 2013 and June 2014 used EMV chip technology. The... read more

MCX and Softcard state Apple Pay overthrow plan

10 Nov 14 @ 10:42

At Money 2020, and in the wake of Apple Pay and its dominance of the headlines, US mobile money ventures, Softcard (formally ISIS) and merchant-run MCX, have been setting out... read more

Half of US POS terminals to accept EMV in 2015

20 Oct 14 @ 16:19

The Payments Security Task Force (PST) has announced a forecast of participating acquirers estimating that at least 47% of US POS terminals will be enabled for EMV chip technology by the end... read more

MasterCard and Zwipe announce world’s first biometric contactless payment card

20 Oct 14 @ 12:55

MasterCard and Zwipe announced their partnership for the launch of the world’s first biometric contactless payment card featuring an integrated fingerprint sensor. The launch of the card comes after a successful... read more

Smartwatches face challenges as payment system

16 Oct 14 @ 11:00

A recent GfK survey in China, Germany, South Korea, the UK and the US indicates that people in these countries see potential in using smartwatches to ‘carry’ tickets for passenger... read more

200 billion card payments worldwide in 2013

13 Oct 14 @ 17:21

A total of 205 billion card payments were made worldwide in 2013, a rise of 13% on 2012, according “Global Payment Cards Data and Forecasts 2013-2019”, a new report from... read more

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Visa turns the card into an identity credential

12 May 26 @ 15:44

Visa has launched a new tap-based authentication technology that could reshape how banks verify customers in mobile banking environments. [caption id="atta... more

Emerging markets accelerate the shift to cashless payments

30 Apr 26 @ 18:03

Cashless payments are becoming an increasingly important marker of financial modernisation across emerging market and developing economies, with new data from t... more

Santander backs Ebury’s next phase with fresh funding

05 May 26 @ 16:52

Banco Santander has reinforced its commitment to Ebury after taking part in a funding round of about £550mn for the cross-border payments and trade finance fin... more