Payments News

04 Nov 24 @ 11:07

In a rapidly evolving global payments landscape, the dominance of the US dollar remains resilient even as new contenders emerge. According to recent data from SWIFT, the dollar’s share of... read more

26 Oct 24 @ 12:57

European banks are eyeing cross-border mergers again, despite the challenges that stalled similar moves in the past. The latest shift centres on UniCredit’s recent 9% stake in Germany’s Commerzbank. After... read more

14 Aug 24 @ 12:32

The Russian central bank has officially revoked the banking license of American Express’s Russian subsidiary following a voluntary liquidation request by the US lender’s unit. This decision comes after Russian... read more

03 Jun 24 @ 16:20

A new survey of payment leaders reveals conflicted attitudes among Europeans on cross-border payment interoperability, highlighting the challenges firms face in integrating across multiple markets and systems. The findings reveal... read more

20 May 24 @ 14:10

The European Central Bank (ECB) is urging European banks with operations in Russia to withdraw as quickly as they can for two reasons: 1) they could be hit by US... read more

07 May 24 @ 11:45

Gallant Capital Partners, through an affiliate, has acquired Fime as well as the UL Solutions payments testing business (collectively, the “Company”), combining the technical capabilities and expertise of both businesses... read more

29 Apr 24 @ 13:03

In mid-2022 Atos completed the sale of its entire stake in Worldline of ca. 7.0 million shares representing ca. 2.5% of Worldline’s share capital. As a result, Atos  raised net... read more

25 Apr 24 @ 10:04

Kearney has released the sixteenth edition of its annual European Retail Banking Radar, which tracks the performance of close to 90 retail banks across 21 European markets. The study found... read more

24 Apr 24 @ 15:59

In mid-February of this year Payments Cards & Mobile reported on a major bust up between Hindenburg Research, a prominent investor in Temenos. At the time, Temenos hit out at... read more

09 Apr 24 @ 15:01

The Saudi Central Bank (SAMA) announced that the share of retail consumer electronic payments – one of the Financial Sector Development Program’s KPIs – reached 70% of total retail payments... read more

26 Mar 24 @ 15:30

According to the FICO UK Credit Card Market Report for January 2024, consumer credit behaviour followed typical start-of-year patterns. Spending fell by 8.6% post-Christmas, while consumers increased their payments to balance... read more

08 Mar 24 @ 09:25

Bank of America has announced a record year for its patent portfolio, which has grown to nearly 6,600 granted patents and pending patent applications – a year-over-year increase of 13%, and an... read more