Payments News

Showing Latest Payments News

Europe’s banks return to fees as profits drop in 2021

18 Nov 21 @ 18:03

At Spain’s Caixabank most customers visiting a branch for a service they could access online will now have to pay €2 for the privilege. The fees are part of a shift... read more

European Payments Initiative appeals for public funding to stay on track

17 Nov 21 @ 12:28

The planned European Payments Initiative a pan-European payments network backed by 22 banks which aims to set up as serious competition to Mastercard and Visa has launched an official appealed... read more

Amazon steps up interchange battle with ban on UK Visa credit cards

17 Nov 21 @ 11:36

Amazon has announced it will stop taking payments from Visa issued credit cards in the UK, citing the high cost of interchange fees imposed by the card company as a row between... read more

Return of the regulator: DoJ issues stark warning to corporate America

11 Nov 21 @ 09:29

Hot on the heels of yesterdays news and amidst accusations of “laissez-faire” corporate regulation under Donald Trump, the US Department of Justice (DoJ) is hitting back. The DoJ is preparing... read more

US Department of Justice opens investigation into Visa payments to FinTechs

10 Nov 21 @ 11:51

The US Justice Department is investigating Visa for what is feels may be improper relationships with large FinTech companies as part of its antitrust investigation of the company. Antitrust investigators... read more

CBDC: How to save $120 billion in cross-border payments

08 Nov 21 @ 11:27

Global corporates move nearly $23.5 trillion across countries annually, equivalent to about 25% of global GDP. To do this, they have to rely on wholesale cross-border payment processes which remain... read more

Child identity fraud costs nearly $1 billion annually

03 Nov 21 @ 13:36

More than 1.25 million children in the United States fell victim to identity fraud and theft in the past year, costing the average affected family more than $1,100. The topic... read more

Nubank targets $50 billion IPO valuation on net losses of $99.1 million

03 Nov 21 @ 09:00

Nubank has set a target valuation of $50 billion in its proposed initial public offering in New York, as the lossmaking digital lender looks to join the ranks of Latin... read more

Adamantlane AG announces it has onboarded its first billion dollar partner

01 Nov 21 @ 09:37

Swiss based Adamantlane AG has announced that it has onboarded its first billion-dollar partner onto its Liquidity Hub platform since its launch in 2019. Adamantlane started in 2019 with the... read more

Digital Pound Foundation launches to support development of CBDC and digital money ecosystem

14 Oct 21 @ 08:30

The Digital Pound Foundation has been launched by a core group of founding members as an independent forum to support the implementation of a well-designed digital Pound and digital money... read more

TietoEVRY announces new strategy

14 Oct 21 @ 08:00

TietoEVRY has announced its new strategy to drive customer value and growth through specialisation. The technology industry is being reshaped with cloud as the foundation, providing expansion opportunities for the... read more

EBA CLEARING, SWIFT and TCH team to pilot fast cross-border payments

12 Oct 21 @ 13:58

Banks from both sides of the Atlantic have successfully exchanged payment messages for a faster cross-border payments as part of a proof of concept demonstrating the feasibility of synchronising settlement... 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