Issuing & Acquiring

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Is 2022 the year that Banks finally change for good?

18 Jan 22 @ 15:39

The more things change, the more they stay the same. Looking back at 2021 – which promised to be the year that the industry realised the full potential of data-driven transactions, instant... read more

PSR fines five companies for cartel behaviour in the prepaid cards market

18 Jan 22 @ 08:42

In March last year Payments Cards & Mobile reported that the Payment Systems Regulator (PSR) has set out provisional accusations for five payments companies including Mastercard, in which it stated... read more

Prepaid card transaction value to exceed $4.1 trillion Globally

17 Jan 22 @ 12:39

A new study has found the value of transactions made over prepaid cards will exceed $4.1 trillion globally in 2026; up from $2.3 trillion in 2021 – a substantial growth... read more

Project Helvetia successfully tests wholesale CBDC settlement with banks

13 Jan 22 @ 10:28

Project Helvetia, a joint initiative between The Bank for International Settlements’ Innovation Hub (BISIH) Swiss Centre, the Swiss National Bank (SNB) and the financial infrastructure operator SIX, has reached the... read more

Transit payments: a market in transformation

12 Jan 22 @ 12:00

As the world recovers from the pandemic, users around the world are returning to public transit—and a transformation of how riders pay for these journeys is underway. PCM learns about... read more

Consortium of US banks plan to launch USD backed stablecoin

12 Jan 22 @ 11:00

A group of US banks have announced that they intend to launch their own stablecoin, called USDF, in a move they hope will tackle concerns about the reserves behind nonbank... read more

PayPal confirms reports it is “exploring” stablecoin launch

11 Jan 22 @ 11:55

PayPal has confirmed numerous reports that it is working on a stablecoin. Jose Fernandez da Ponte, senior vice president of crypto and digital currencies at PayPal, confirmed: “We are exploring... read more

US Federal Reserve study shows dramatic changes to US payments market

06 Jan 22 @ 11:46

The United States’ Federal Reserve has issued an update to its Federal Reserve Payments Study (FRPS) on the US payments market to include findings from recent survey data. The findings... read more

People’s Bank of China launches Android and iOS wallet apps for digital yuan

05 Jan 22 @ 16:34

People’s Bank of China’s (PBOC) has released a pilot versions of its e-CNY, digital yuan wallet application on app stores as the central bank steps up its push to develop... read more

AML warnings raised at a third of UK EMIs as ‘major gateway’ for illicit funds

15 Dec 21 @ 10:04

Anti Money Laundering (AML) red flags have been indicated at more than a third of UK-licensed electronic money institutions (EMIs), according to Transparency International UK. Transparency International UK warned in... read more

JCB expands partnership with Planet for European merchants

15 Dec 21 @ 09:15

JCB International and Planet have announced the expansion of their European partnership. This new deal ensures Planet will perform as a JCB acquirer across European territories for both face-to-face and... read more

BdF, SNB and BIS complete Project Jura cross-border wCBDC experiment

13 Dec 21 @ 11:05

Banque de France (BdF), Swiss National Bank (SNB) and Bank for International Settlements’ (BIS) Innovation Hub have successfully completed Project Jura, an experiment in cross-border wholesale CBDC, in collaboration with Accenture, Credit Suisse, Natixis, R3, SIX Digital Exchange and UBS.... 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