Payments News

30 May 13 @ 00:00

Fundamental changes in the UK retail industry as customers embrace new technology and new ways to shop are producing major changes in the relative importance of different payment methods. Customers... read more

28 May 13 @ 00:00

Visa Inc and MasterCard  sued trade groups and retailers that rejected a $7.25 billion settlement in a price-fixing suit and asked a court to rule that the card companies’ fee practices weren’t... read more

28 May 13 @ 00:00

FICO today released its quarterly UK cards data showing that the percentage of cards that are overlimit hit a two-year low. The latest data from the FICO Benchmark Reporting Service showed that... read more

24 May 13 @ 00:00

Luxembourg private bank Société Générale Bank & Trust (SGBT), subsidiary of Société Générale Group, has completed the migration of its mission-critical banking systems to a cloud computing architecture. The migration... read more

23 May 13 @ 00:00

According to Anderson Zaks organisations should actively take time out to review their approach to handling the growing number of consumer credit and debit card payments.  In a guide published today,... read more

22 May 13 @ 00:00

EBA Clearing reveals seven German banks will use the Step2 payments system to process and clear their domestic payments, converting in the second half of 2013. A group of seven... read more

14 May 13 @ 00:00

Visa Europe has offered to cap its inter-bank credit card fees at 0.3% of transaction value for four years, the same level as the rival MasterCard  network, to end a... read more

09 May 13 @ 00:00

The Nigerian National Identity Management Commission and MasterCard have announced at the World Economic Forum on Africa the roll-out of 13 million MasterCard-branded National Identity Smart Cards with electronic payment... read more

09 May 13 @ 00:00

Branch closures result in customer losses according to a recent survey by SYNERGISTICS Research entitled, Branches in a Digital Age.  In response to branch closures during the past year, three... read more

09 May 13 @ 00:00

The Chinese ATM market is already huge, but that did not stop it expanding by 76,000 ATMs in 2012 to reach 415,000 – two and a half times its size... read more

08 May 13 @ 00:00

FIS has been selected by Sainsbury’s Bank as the bank’s technology partner for all its retail banking operations. Under the terms of this strategic multi-year arrangement, FIS will provide real-time core... read more

07 May 13 @ 00:00

Supermarket giant Sainsbury’s is on the verge of buying out Lloyds Banking Group‘s 50% stake in its financial services arm Sainsbury’s Bank. Sainsbury’s Bank was set up as a joint venture between the... read more