Payments News

20 Aug 13 @ 15:31

According to the a new report by Timetric, rising competition from domestic payment card networks is set to significantly alter the current operational model of international card networks.  The ability... read more

01 Aug 13 @ 01:26

The Netherlands banking regulator has approved Amazon Web Services (AWS) for use by financial organizations, Amazon says This clears AWS cloud services for use across all areas of Dutch financial... read more

01 Aug 13 @ 01:25

The Bank of Thailand declared Bitcoins illegal on Monday, making it the first country to ban the virtual currency. According to an online statement by Bitcoin Co. Ltd., which facilitates the trading of the currency, the ruling came after months of meetings between the company and Thailand's central bank. Thailand's Foreign Exchange Administration and Policy Department ultimately decided on the ban "due to lack of existing applicable laws, capital controls and the fact that Bitcoin straddles multiple financial facets."

30 Jul 13 @ 01:28

British consumers will be the first in Europe to experience MasterPass by MasterCard. Major high street and online brands, including, Argos, Boots, House of Fraser and The Hut Group, join thousands of... read more

24 Jul 13 @ 01:39

The European Union’s executive body proposed a strict cap on credit and debit card fees on Wednesday, in a move it said could save consumers billions of euros. The proposal,... read more

23 Jul 13 @ 01:40

First Annapolis forecasts that U.S. open-loop prepaid revenue will reach $4.5 billion in 2013, up from $3.8 billion in 2012. Historically, growth rates on prepaid load volume, transactions, and revenue... read more

19 Jul 13 @ 02:19

UK citizens are being denied swift access to financial support and emergency payments because the Government has failed to grasp the opportunities now offered through emerging payments technologies from SMEs... read more

16 Jul 13 @ 02:23

Government efforts to promote cashless transactions have contributed to the steady growth of the cards and payments industry in Azerbaijan up to 2012. According to Timetric, continued support from the... read more

08 Jul 13 @ 02:38

The payments industry has begun a collaborative program to develop new, fast, flexible and data-rich payments infrastructure for Australia.  The program commenced with the first meeting of the New Payments... read more

02 Jul 13 @ 02:47

The cards and payments industry in Bulgaria is expected to expand over the next four years despite credit card fraud in the nation reaching its highest ever level last year.... read more

28 Jun 13 @ 00:00

Amazon.com and 7-Eleven sued Visa Inc. and MasterCard Inc. over card fees after rejecting a multibillion-dollar settlement in an antitrust case. The retailers and about 30 others filed a lawsuit in federal court in Manhattan... read more

28 Jun 13 @ 00:00

Should we prepare ourselves for a cashless future? Not according to De Nederlandsche Bank (DNB). True, debit card use has been steadily increasing while fewer and fewer counter payments are... read more