Payments News

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Long Read: The Metaverse – Is it a fad or the future?

20 Jun 22 @ 19:52

Facebook is so convinced the metaverse is the future, it’s changed its name. But is a fully-digital life possible, or even desirable? James Wood, Payments Cards & Mobile Managing Editor... read more

Indian Central Bank lifts Mastercard issuing ban

17 Jun 22 @ 11:47

The India Central Bank has lifted its restrictions on Mastercard issuing new cards in the domestic market, nearly a year after imposing the ban, after it demonstrated “satisfactory compliance” with... read more

Modern payments use too much energy. Here’s how we can do better

08 Jun 22 @ 09:36

A new white paper from payments infrastructure specialists Tietoevry Banking argues this industry needs to improve its energy efficiency and reduce its environmental impact. In recent years, a number of industries... read more

Australian competition authority sues Mastercard for anti-competitive pricing

01 Jun 22 @ 13:02

Mastercard finds itself in the dock with the Australian Competition and Consumer Commission (ACCC) which has launched an civil action over alleged anti-competitive pricing activity in the card payments market.... read more

Wall Street decries Digital Dollar as the destruction of banks

26 May 22 @ 16:07

Wall Street and its bankers have come out all guns blazing in an argument with the Federal Reserve saying that launching its own digital dollar could crack the foundations of... read more

Payments Systems Regulator: The future for cryptocurrency and crypto assets

19 May 22 @ 12:55

The cryptocurrency and assets market has grown significantly and is now worth £1.6 trillion globally. In the UK, over 2.3 million consumers now hold some form of cryptoasset. With such... read more

A spotlight on digital escrow for the payments sector

18 May 22 @ 11:10

Few would disagree that innovation is core to the payments sector, where speed and ease has been the defining factor for decades. But today it’s no longer just about the... read more

DMA delay causes anger as European user data is shared 376 times per day

17 May 22 @ 11:30

It was widely reported that the EU’s Digital Markets Act (DMA), designed to reign in Big Tech in Europe, has been delayed and will now come into force in early... read more

Can Russian payments systems weather the sanctions storm

06 May 22 @ 09:00

Alongside a host of other Western companies, PayPal, Mastercard, Apple and Visa have pulled out of the Russian market following Russia’s invasion of Ukraine, with major banks such as JP... read more

Banking Circle acquires account-to-account payment provider SEPAexpress

27 Apr 22 @ 16:24

SEPAexpress, which provides white-labelled account-to-account (A2A) payments for Payments Service Providers (PSPs), merchants and corporates in Europe has been acquired by Banking Circle Group. Less than five years after bringing... read more

JCB completes exit from Russia but Mir stands strong

26 Apr 22 @ 17:16

First it was Visa and Mastercard, then American Express and Discover followed suit, noting that Discover and Diners Club International do not have any active partners in Belarus and Russia.... read more

EU sets out stringent new laws to contain power of Big Tech

25 Apr 22 @ 17:02

EU lawmakers have set out a major set of new legislations designed to heavily curb the powers of US Big Tech companies, forcing them to police content online more aggressively... read more

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Takeover talk swirls as PayPal’s valuation slumps

24 Feb 26 @ 12:45

After a bruising year on the public markets, PayPal has become the subject of early-stage takeover interest, underscoring how sharply sentiment has shifted arou... more

Swift launches new framework for cross-border payments

09 Mar 26 @ 14:45

SWIFT has introduced a new international payments framework aimed at significantly improving the speed, transparency and predictability of cross-border retail t... more

Credit’s next competitive frontier beyond top of wallet

12 Mar 26 @ 18:21

For years, the credit card industry has pursued a simple ambition: to become the card a consumer reaches for first. [caption id="attachment_52085" align="a... more