Regulation

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Mastercard becomes a trusted provider of Digital ID in the UK

17 Mar 23 @ 13:27

Mastercard announced it is now certified under the United Kingdom’s Digital Identity and Attributes Trust Framework (DIATF) as an Digital ID provider. Mastercard can now offer ID, its digital identity... read more

Silicon Valley Bank contagion poses little risk to European banks

14 Mar 23 @ 14:07

As the contagion from the collapse of Silicon Valley Bank (SVB) and Signature Bank rips through the markets, European countries are rushing to reassure the market that their banks pose... read more

CBDC transactions to exceed $213 billion by 2030 globally

14 Mar 23 @ 13:35

A new study has found the value of payments via CBDCs (Central Bank Digital Currencies) will reach $213 billion annually by 2030; up from just $100 million in 2023. This... read more

From Silvergate to Silicon Valley Bank – what went wrong?

13 Mar 23 @ 16:34

Last week, after Payments Cards & Mobile reported on the failure of Silvergate Bank, an even bigger failure began to unfold for Silicon Valley Bank. On the 9th March shares... read more

Silvergate Bank winds up and heads for insolvency

09 Mar 23 @ 11:56

On the 3rd of March Payments Cards & Mobile reported on the dangers of banks betting big on the cryto boom and the possible fall out from that bet. Today,... read more

UK financial services sector spending £22k per hour fighting fraud

06 Mar 23 @ 17:41

UK financial services organisations are collectively spending £34.2 billion each year on financial crime compliance (FCC), according to the latest True Cost of Compliance report from LexisNexis Risk Solutions. This... read more

Silvergate: Beware banks that bet big on crypto

03 Mar 23 @ 17:23

Silvergate, the small time US lender that bet big on crypto, has announced huge losses and may have to wind down according to its annual report, and serves as a... read more

ECB: Rollout approach for the digital euro

27 Feb 23 @ 17:43

P2P payments, Online and Offline POS payments and then e-commerce payments should be the order of priorities for the digital euro, the European Central Bank has said in documents published on... read more

IMF sets out framework for effective policies on crypto assets

27 Feb 23 @ 15:07

In early February, the Executive Board of the International Monetary Fund (IMF) discussed a board paper on Elements of Effective Policies for Crypto Assets that provides guidance to IMF member... read more

BNPL regulation: Is consumer debt finally reaching breaking point?

15 Feb 23 @ 17:01

BNPL has, to date, managed to escape regulations aimed at other interest-bearing loans. In the UK, where the BNPL market was worth £5.7 billion in 2021, as with regulators in... read more

Europe’s EPI: EPIc fail in the making?

14 Feb 23 @ 18:56

The European Payments Initiative (EPI), launched to some fanfare in 2020, was supposed to offer a payments solution “catering and corresponding to European needs.” But as the EPI’s scope changes... read more

The Global Payments Innovation Jury on BNPL and CBDC

08 Feb 23 @ 17:24

The Global Payments Innovation Jury has published its 2022 report into the direction of the industry. Payments Cards & Mobile (PCM) caught up with Jury Chairman John Chaplin (JC) to... read more

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Visa tests the foundations of agentic payments in Europe

17 Mar 26 @ 15:03

Visa is moving to bring agentic commerce closer to commercial reality, launching a new programme with banks across the UK and Europe to test how artificial inte... more

Credit’s next competitive frontier beyond top of wallet

12 Mar 26 @ 18:21

For years, the credit card industry has pursued a simple ambition: to become the card a consumer reaches for first. [caption id="attachment_52085" align="a... more

Visa and Fiserv partnership extends API-led acceptance platform

22 Mar 26 @ 18:30

Visa and Fiserv are extending their long-running partnership in Europe with a new API-driven acceptance offering designed to simplify merchant acquiring and mod... more