Payments News

19 Feb 14 @ 14:22

US banks could follow JP Morgan’s lead and get out of the US pre-paid market if proposed new regulatory oversight materialises, leaving the way open for the likes of American... read more

12 Feb 14 @ 16:52

Commonwealth Bank of Australia says that technology investment is a major factor in its impressive 14% rise in H1 profits. CommBank beat analysts’ forecasts to report cash earnings of A$4.27... read more

12 Feb 14 @ 11:23

Last year, PCM delved into the world of virtual currencies, looking at how emerging (and unregulated) methods like Bitcoin could impact the payments industry. In less than a year, the pace of... read more

12 Feb 14 @ 10:14

Vodafone and MoneyGram have teamed up to enable mobile remittance allowing consumers to transfer funds directly from around 200 countries to the millions of users of M-Pesa. This service will be... read more

27 Jan 14 @ 11:58

Apple is laying the groundwork for an expanded mobile-payments service, leveraging its growing base of iPhone and iPad users and the hundreds of millions of credit and debit cards on file through its... read more

23 Jan 14 @ 12:36

UK consumers’ preference for electronic payments and contactless transactions continued to increase in 2013 as Visa Europe announces that spending with UK Visa credit, debit, commercial and prepaid cards increased... read more

22 Jan 14 @ 12:02

WorldPay has launched ‘Your Global Guide to Alternative Payments (Second Edition)’, an in-depth study of the global payment landscape. The study found online purchases made using alternative payments (any form... read more

16 Jan 14 @ 11:47

The number of ATMs installed worldwide increased by more than 180,000 during 2012 so the global ATM market reached 2.6 million at the end of the year. This is one... read more

16 Jan 14 @ 11:28

SmartMetric, a developer of patented payment card technology and in-card biometric products, announced that its soon-to-launch SmartMetric Biometric Bitcoin Card, the world’s first biometric, fingerprint secured, off-line storage platform for... read more

15 Jan 14 @ 10:25

There has been much made of Europe securing a third debit scheme for processing card transactions and creating a viable competitor to break the duopoly of Visa and MasterCard. However,... read more

14 Jan 14 @ 14:55

Canada has unveiled the prototype of  MintChip, a digital currency likened to Bitcoin – only this currency was designed by the Royal Canadian Mint, is backed by the Canadian dollar, and... read more

10 Jan 14 @ 16:33

Mobile network operator O2 is to cease operating its O2 mobile wallet service in the UK on 31 March. Launched in April 2012, the service included a range of money transfer,... read more