Payments News

Showing Latest Payments News

Skills gaps holding financial institutions back

12 Oct 21 @ 08:00

The latest study from Banking Circle has revealed the new challenges faced by CIOs and CTOs working in Banks and FinTechs. The insight from the Payments bank for the new... read more

US and European processors jostle for pole position in Europe

31 Aug 21 @ 12:48

The pace of evolution in Europe’s payment market is evident in all areas – including processors. Sweeping changes in consumer payment behaviour, merchant acceptance and democratisation of services have produced... read more

PayPal allows UK users to buy and sell cryptocurrencies

23 Aug 21 @ 12:11

PayPal has announced that UK users can now buy, hold and sell cryptocurrencies through the payment platform for the first time, the service launched in the US in 2020. The... read more

The payments landscape in the UK after Brexit

05 Aug 21 @ 12:27

The UK payments industry highly values the work of the European Payments Council (EPC) and its members ensured the UK retained its membership of the Single Euro Payments Area (SEPA),... read more

Chip shortage threatens vital economic sectors: Payment systems and electronic identities

04 Aug 21 @ 12:07

The global chip shortage is causing bottlenecks in numerous industries. There is now a warning of failures in economically critical areas such as connectivity, payment systems and electronic identities –... read more

PayPal looks to launch crypto trading in the UK

03 Aug 21 @ 15:24

PayPal says it is going to use the United Kingdom as the next market in which to expand its crypto trading services. According to the company’s Q2 earnings call, PayPal has done... read more

Monzo in double trouble as it issues results warning and faces AML probe

02 Aug 21 @ 18:37

Its safe to say Monzo is not having a good couple of weeks. On 30th July the company issued a PR which saw £114.8 million in pre-tax losses* last year... read more

Luis de Guindos on the record: Euro area banks in the recovery

02 Aug 21 @ 18:16

In a recent speech by Mr Luis de Guindos, Vice-President of the European Central Bank, at the Frankfurt Euro Finance Summit in Frankfurt, the seasoned banker made clear that Europe’s... read more

Payments Cards & Mobile Jobs of the Week

30 Jul 21 @ 16:49

We have a great lineup of exciting jobs for you this week. Check them out now and be sure to click apply if you like what you see. Your dream... read more

Tesco Bank calls time as it closes all its customer current accounts

26 Jul 21 @ 13:26

Tesco Bank has announced it will close all of its current accounts because most customers are no longer using them. The bank has estimated only 12% of its current accounts... read more

Mastercard ban in India set to cause issues for domestic banks

16 Jul 21 @ 10:50

India’s decision to ban Mastercard for non-compliance with data storage rules has unsettled the country’s financial sector as it will disrupt banks’ card offerings and hit revenues, payments and banking industry... read more

Technical info for implementing ISO 20022 for improved retail payments

07 Jul 21 @ 10:20

The New Payments Architecture (NPA) will aim to offer various benefits for businesses and personal clients residing in the United Kingdom, which may assist with improving the way they control their professional... 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