Payments News

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KPMG: mobile banking usage to double in 4 years

03 Aug 15 @ 14:37

The number of global mobile banking users is set to double to 1.8 billion over the next four years, according to research by KPMG, using primary survey data supplied by... read more

BACS reaches 100 million payments a day

03 Aug 15 @ 14:34

Over 103 million payments were processed in just one day at the end of July by BACS, the UK payment processing organisation. BACS has already achieved a number of transaction... read more

Fidelity and SunGard in acquisition talks

03 Aug 15 @ 14:30

Shares in US payment service provider Fidelity National Information Services have soared on speculation that it is in talks to buy financial technology conglomerate SunGard. Private equity-owned SunGard filed for... read more

Japan’s payment paradox

31 Jul 15 @ 16:20

A new report from payment consultancy Aite Group states that despite Japan being viewed as one of the most advanced payments nations in the world, it remains a cash-intensive society.... read more

Smart card IC shipments to reach 12.7 billion in 2019

31 Jul 15 @ 16:16

Shipments of smart card integrated circuits (ICs) are projected to increase from 9.6 billion in 2014 to 10.4 billion in 2015 and to 12.7 billion in 2019, according to research... read more

NatWest online banking crashes again

31 Jul 15 @ 16:09

UK bank NatWest, part of the RBS group, has suffered another online banking crash which has affected thousands of users. The latest IT failure comes only six weeks after the... read more

MasterCard pays out $61 million to settle Tesco interchange suit

31 Jul 15 @ 16:06

MasterCard has paid out $61 million to UK supermarket retailer Tesco in what is expected to be the first of several settlements by card schemes over interchange fee lawsuits lodged... read more

Visa Inc. re-ignites talks to buy Visa Europe

24 Jul 15 @ 11:16

Visa Inc. has confirmed it is in talks to reunite with former subsidiary Visa Europe in a deal that would give the global company more scale to compete with rival... read more

Death of pocket money – parents pay digitally

22 Jul 15 @ 10:26

Traditional cash pocket money is dying out as increasing numbers of parents are paying their children’s pocket money digitally, according to new research from Intelligent Environments. However, in spite of... read more

Innovation in payments initiatives

21 Jul 15 @ 15:42

A global study of over 300 banking and financial services executives shows that, for the first time, innovation is ranked as important as regulation. The research also reveals that mobile... read more

First Data to IPO

21 Jul 15 @ 11:37

First Data has taken its initial step towards a multibillion-dollar listing. First Data filed its paperwork for an IPO on Monday, but gave few details on the upcoming deal. The filing said it could... read more

Payments in the spotlight at RBTE 2016

15 Jul 15 @ 09:53

RBTE, Europe’s largest retail solutions gathering will be putting an even greater focus on the topic of payments for its 2016 event. Since its launch RBTE has been the leading... 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