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Europeans don’t want cash – Trust cards over e-wallets

15 Mar 22 @ 12:44

A new report by card industry body Payments Europe claims Europeans would welcome government intervention to mandate electronic payment. The report also says that, while instant, or account-to-account, payments are... read more

US retail sales rise 8.7% Year-over-Year

10 Mar 22 @ 16:21

US consumer spending maintained positive momentum in February, according to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment. Overall retail sales excluding auto increased 8.7%... read more

Mastercard interchange class action hits £14 billion – deceased now included

10 Mar 22 @ 12:04

As per previous Payments Cards & Mobile reports, former financial services ombudsman Walter Merricks is bringing, a now £14 billion interchange fees claim, on behalf of around 46 million people... read more

US Merchants ask Congress to investigate interchange fees

09 Mar 22 @ 12:21

The Merchants Payments Coalition (MPC) has called on Congress to investigate Visa and Mastercard’s anticompetitive interchange fees and dominance over the US credit and debit card markets, citing President Biden’s... read more

Contactless card transactions explode globally

01 Mar 22 @ 09:49

RBR research shows that the number of contactless card purchases increased by 36% in 2020. Many hygiene-conscious consumers gravitated towards contactless payment methods during the pandemic to minimise contact with... read more

Worldline agrees sale of Terminals, Solutions & Services (TSS) business

21 Feb 22 @ 09:00

Worldline has entered into exclusive talks with the Apollo Funds on the basis of a binding offer for the purchase of its Terminals, Solutions & Services (“TSS”) business line. Following the strategic review... read more

Digital & Card Payment Yearbooks: Cards – past their peak?

04 Feb 22 @ 16:12

The 2021-2022 Digital and Card Payment Yearbooks from Payments Cards & Mobile suggest payment card use may be starting to decline, to be replaced by digital wallets, direct-to-account payments and... read more

How Bank/FinTech partnerships enable payments transformation

03 Feb 22 @ 15:11

In the first of a two-part series, PCM finds out from Discover Global Network why creative partnerships between FinTech start-ups and established financial institutions are the future. The rapid integration... read more

European Central Bank report on card fraud in the euro area

01 Feb 22 @ 13:12

The latest version of the European Central Bank fraud report is now available. The report, Seventh report on card fraud, analyses trends in card fraud in 2019 as reported by... read more

Interchange fees argument stoked up again by Merchants Payments Coalition

31 Jan 22 @ 13:13

Just days after announcing monster revenue updates, the thorny issue of interchange fees paid by merchants to the networks and issuing banks is back in the spotlight. In a letter... read more

74% of consumer payments to be handled by non-traditional financial service providers

31 Jan 22 @ 10:16

According to a new study, 74% of consumer payments will be handled by non-traditional financial service institutions (FSIs) by 2030. This figure is an increase from 60% in 2020, putting... read more

PSR publishes final report on card acquiring market review

27 Jan 22 @ 17:27

The UK’s Payment Systems Regulator (PSR) has published its final report into its card acquiring market review. The document sets out the regulator’s conclusion that the supply of card acquiring... read more

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Legacy infrastructure leaves Banks unprepared for real-time

06 Jul 26 @ 20:34

European banks risk falling behind in the race towards real-time payments and faster securities settlement unless they accelerate investment in automation and m... more

Visa expands AI and Cybersecurity strategy in Europe

07 Jul 26 @ 19:13

Visa has unveiled a new cybersecurity platform designed to help financial institutions identify threats before they develop into fraud, while simultaneously rev... more

Swedish court orders Google to pay Klarna-owned PriceRunner

07 Jul 26 @ 19:13

Google has been ordered to pay approximately $1.97 billion in damages to PriceRunner, the price comparison platform owned by Klarna, following a landmark compet... more