Payments News

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FT report on Wirecard fraud catches eye of BaFin…for market manipulation

31 Jan 19 @ 20:54

The Financial Times report that alleged wrongdoings at Wirecard is no reason to launch a criminal probe, according German financial regulator BaFin. The FT reported on Wednesday that a senior... read more

Why Mastercard if fighting to buy Earthport

28 Jan 19 @ 13:29

Mastercard has stepped in and made a £233 million counter bid to take over payments firm Earthport, as it looks to head off rival Visa’s attempts to buy the company.... read more

European retail sector suffers as currency pressures hamper emerging market spending

12 Dec 18 @ 08:39

Shopping activity among Asia-Pacific (APAC) visitors to Europe weakened in Q3 2018 as currency pressures across the region diminished the spending power of APAC tourists – usually some of the... read more

What is quantum computing and how does it work – a beginners guide

03 Dec 18 @ 10:45

Quantum computing technology is set to revolutionise computing, providing exponential gains in processing power. But what does this mean for the payments industry and surrounding, supporting industries? How does it... read more

China and Russia to launch new payments system to avoid the US dollar

28 Nov 18 @ 15:09

China and Russia are reported to have agreed on a new bi-lateral payment system to boost the use of their national currencies in bilateral and international trade, underscoring their intent... read more

Ingenico makes preparations for new market position as mobile payments begin to dominate

12 Nov 18 @ 12:27

Ingenico has appointed a new chief executive as it aims to arrest a slide in its share price. The company announced that long-serving boss Philippe Lazare would step down as... read more

Open Retailing and Open Banking – Payments Industry Challenges

01 Jun 18 @ 10:49

Global payment trends and digital technologies are driving change in the payments world. The omni-channel payment behaviour of increasingly online consumers and retailers counter-acting demand for omni-channel payment service acceptance... read more

WORLDLINE TO BUY SIX PAYMENT SERVICES FOR $2.75 BILLION

01 Jun 18 @ 10:08

Worldline will buy the payments unit of Swiss stock exchange operator SIX Group in a $2.75 billion deal, in the latest example of consolidation within the sector, as financial sector... read more

PAYPAL FILE PATENT TO SPEED UP CRYPTOCURRENCY PAYMENTS

09 Apr 18 @ 12:36

PayPal has reportedly filed a patent to speed up cryptocurrency transaction times by eliminating the verification time of the payment, However, some experts argue that this is already made possible... read more

Australia’s new Faster Payments platform officially launched

13 Feb 18 @ 17:26

Australias new Faster Payments platform has been officially launch and is the result of collaboration between 13 members of Australia’s financial services industry, including Australia’s four major banks and the... read more

Raiden payment systems goes live on Ethereum network

04 Dec 17 @ 15:57

A version of the Raiden payments channel network has been launched on the main Ethereum blockchain. Activated yesterday, the launch comes months after µRaiden – known more commonly as “microraiden” – first... read more

Facebook Messenger launches P2P payments in the UK

07 Nov 17 @ 14:02

Facebook Messenger is enabling people in the UK to send money to each other via P2P payments in its Messenger texting app for the first time. The social network said Monday... 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