Payments News

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Multi-channeI is biggest payment challenge for UK retailers

19 Mar 15 @ 10:37

Multi-channel retailing was named as the biggest payment challenge facing retailers by nearly half (47%) of respondents to Ingenico Group’s survey at this year’s RBTE. Ingenico has revealed the results of... read more

Bitcoin users to approach 5 million by 2019

18 Mar 15 @ 10:20

A new report from Juniper Research has found that the number of active Bitcoin users worldwide will reach 4.7 million by the end of 2019, up from just over 1.3... read more

TfL achieves one million contactless taps a day

17 Mar 15 @ 16:07

Travellers on the London public transport network used their contactless payment cards to pay for more than a million journeys on a single day last week. Transport for London (TfL),... read more

Alibaba unveils facial recognition payment tech

17 Mar 15 @ 16:04

Chinese e-commerce player Alibaba is developing facial recognition technology enabling mobile shoppers to replace their passwords with photos of their faces. According to Alibaba chairman Jack Ma, such biometric technology... read more

mPOS player Payleven arrives in Ireland

17 Mar 15 @ 16:02

Payleven, a European mPOS specialist, has announced the launch of its 11th market in the Irish Republic. Irish business owners can accept card payments without fixed costs, contractual obligations or... read more

TD Bank updates mobile app

17 Mar 15 @ 16:00

Canada’s TD Bank Group has announced a redesign of its popular TD app for Android and iPhone smartphones, in order to create a more intuitive, simplified experience for customers. The... read more

PayPal ramps up operations in Africa

16 Mar 15 @ 12:59

PayPal says that its operation in Nigeria is its second largest market in Africa. Malvina Goldfeld, Head of business development, sub-Saharan Africa at PayPal told ITWeb Africa that South Africa remains... read more

IBM to create blockchain-based digital payments infrastructure for central banks

16 Mar 15 @ 12:28

IBM is rumoured to be considering adopting the underlying technology behind bitcoin, known as the blockchain, to create a digital cash and payment system for major currencies, according to a person... read more

UK shuns cash as cards dominate payment market

12 Mar 15 @ 11:59

The way we pay for everything is changing, with more digital transactions than ever before. But how close are we to the tipping point? This weekend saw the end of... read more

EU Parliament approves interchange fee caps

10 Mar 15 @ 17:12

The European Parliament has voted in favour of a bill to cap credit and debit card interchange fees. The bill, which will come into force in October this year, will... read more

EPC lays out framework for handling CNP transactions

10 Mar 15 @ 17:10

The European Payments Council (EPC) has unveiled a blueprint for the establishment of an interoperable card and terminal infrastructure to process card-not-present (CNP) transactions across SEPA. The proposals are published... read more

Digital top priority for global banks

10 Mar 15 @ 17:06

The drive by banks to implement new digital technologies has overtaken regulatory worries as the highest priority for global banking executives, according to new research from the Economist Intelligence Unit.... 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