Issuing & Acquiring

12 Jul 18 @ 10:16

The R3 Blockchain Consortium of 39 financial firms has completed more than 300 transactions via R3’s know your customer (KYC) application, according to a post on R3’s blog. R3’s KYC project involved major financial... read more

04 Jul 18 @ 17:25

Clearing up the mess left behind by fraudsters is a serious challenge and sees financial institutions having to absorb the monetary and logistical damage of card payment fraud daily. Meanwhile,... read more

04 Jul 18 @ 13:56

In a new and very interesting piece of PwC research on Open Banking, they state that new regulation aimed at opening up the UK’s current account market could lead to... read more

02 Jul 18 @ 15:40

The two big card networks Visa and Mastercard are reported to be close to settling a 13-year-old legal challenge over interchange fees charged when merchants accept card payments, according to people familiar with... read more

28 Jun 18 @ 15:48

The European Banking Authority has published an Opinion on the implementation of the Regulatory Technical Standards on Strong Customer Authentication and common and secure communication. It has also published a... read more

28 Jun 18 @ 14:12

UK shoppers are returning £7 billion of purchases every year, leading to a ‘phantom economy’ of lost revenue for retailers, with sales coming in that they ultimately can’t recognise. New... read more

26 Jun 18 @ 12:31

A new, focused report by the European Parliament’s Economic and Monetary Affairs Committee has found in favour of supporting central bank digital currencies which they define differently from cryptocurrrencies. One can distinguish... read more

26 Jun 18 @ 11:10

The evolution of unattended terminals has continued at pace in recent years and the number of these accepting credit and debit card payments has expanded significantly. Convenience, ease of use... read more

26 Jun 18 @ 10:56

In today’s on-demand world, we expect to be able to spend, move and receive money instantly. For this reason, real-time payments (RTP), also known as ‘faster payments’ or ‘instant payments’,... read more

25 Jun 18 @ 16:42

After the disappointment of US regulators blocking its purchase of MoneyGram, Ant Financial has taken a step towards dramatically lowering the cost of remitting money overseas in a move that... read more

25 Jun 18 @ 15:49

The SWIFT Community is to universally adopt the gpi service, in a move which will see all 10,000 banks on SWIFT’s global network use the global payments innovation service (gpi)... read more

25 Jun 18 @ 15:37

The results of a new survey has been released from group of payment networks and card issuers lobbying  against merchants in which the key findings are that merchants should “step... read more