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Western Union settles $60 million AML probe

08 Jan 18 @ 09:48

Western Union is to pay $60 million AML fine to resolve allegations that it failed for more than a decade to maintain a program to deter and report transactions involving... read more

How do mobile wallets vary in different countries?

05 Jan 18 @ 12:33

Simple and secure ways to complete transactions directly through a mobile device have become increasingly popular over the last three years globally. Mobile users can now do this through a... read more

Meltdown & Spectre: Security experts issue warnings on chip flaw

05 Jan 18 @ 10:52

Security experts are warning companies that the only way to fully protect themselves against hackers taking advantage of a newly revealed, pervasive flaw in chip design dubbed the Meltdown and Spectre... read more

MiFID II: the new financial regulatory system

04 Jan 18 @ 16:41

London and the EU are bracing themselves for MiFID II, the new dawning of one of the biggest regulatory shake-ups of since the 1980s ‘Big Bang’ as a new framework... read more

Under GDPR, never collect data without consent

04 Jan 18 @ 16:31

To be a successful business in Europe in 2018, you will need to be able to demonstrate GDPR compliance. Numerous articles have already detailed what GDPR is, the ramifications of... read more

Mobile payments account for 80% of Alipay’s online payments in 2017

04 Jan 18 @ 14:42

New data from Alipay show 82% of the transactions on its platform in 2017 were made via mobile payments, mostly through smart phones. This ratio is said to be an... read more

Open Banking presents challenges for banks and FinTechs

03 Jan 18 @ 16:37

The adoption of the revised payment services directive (PSD2) in Europe is changing the relationship between banks and FinTechs, specifically around open access to customer account data and the payments... read more

Payments Buzzwords 2018: Authentication, Identity and Chinese BigTech

03 Jan 18 @ 16:26

Authentication tipping point – will PSD2 change we way we pay? Talking about 2018 is hardly possible without mentioning PSD2. So here it is, on top of my list. On... read more

Ant Financial forced to abandon MoneyGram purchase due to US regulatory pressure

03 Jan 18 @ 13:02

Ant Financial, the digital payments arm of Alibaba, has been forced to abandon a merger with MoneyGram, having failed to satisfy the US government that the deal posed no risk... read more

Cryptography in the age of quantum computing

02 Jan 18 @ 13:51

Codes and ciphers have been around since the time of the Greeks. As cryptography underpins much of the security behind financial systems, we examine its evolving uses, plus the possible... read more

Five key themes that will transform banking in 2018

02 Jan 18 @ 13:35

NCR recently surveyed over 1,000 UK adults, aged 16 and above, to gather their thoughts on the future of banking. Some of the findings are pivotal in understanding how banking... read more

Five trends for payments in 2018

02 Jan 18 @ 13:27

This past year has seen a number of significant changes in the payments industry. From new transfer methods to the PSD2 push, the demand for faster, smarter, and safer transactions... read more

Retailers to benefit as banks open networks in compliance with new payments regulations

20 Dec 17 @ 10:10

Retail companies could become the new face of everyday financial transactions once the Revised Payments Services Directive, known as PSD2, goes into effect in the European Union in January. PSD2... read more

TSYS to buy payment processing firm Cayan for $1.05 billion

19 Dec 17 @ 11:26

TSYS says it will buy payment processing firm Cayan for $1.05 billion in cash to expand its offerings to small and mid-sized US businesses. The deal is expected to modestly... read more

Most large global banks planning major investments in Open Banking

19 Dec 17 @ 10:47

All but one of 100 payments executives at large banks said their bank plans to make major investments in Open Banking initiatives by 2020, according to the results of a... read more

Nets and OpenWay collaborate on monetization of PSD2 and Open Banking

19 Dec 17 @ 09:00

Nets, the Nordic digital payments specialist, and OpenWay Group, the leading digital payment software developer and vendor, have published a white paper for stakeholders seeking to monetize from PSD2 and open... read more

Ovum report: real-time payments key driver for $3.3 billion rise in technology spend

18 Dec 17 @ 13:45

New research from Ovum reveals that North American commercial banks are continuing to increase their investment in real-time payments (RTP). The report “The rise of real-time payments in North America”, commissioned... read more

Thales swoops in as Gemalto accepts €4.8bn cash offer rejecting Atos

18 Dec 17 @ 13:08

Thales has had its offer to buy struggling Gemalto in a deal worth close to €4.8bn. The agreement comes just days after Gemalto had rejected a €4.3bn takeover proposal by Atos,... read more

Trending

Visa and Mastercard move to end two-decade swipe fee battle

11 Jun 26 @ 16:00

A landmark legal battle that has shaped the economics of card payments in the United States for more than twenty years has taken another significant step toward... more

Bank of England Warns DLT Complexity in Settlements

18 May 26 @ 17:07

The Bank of England has found that distributed ledger technology could improve aspects of wholesale payments and settlement, but only at the cost of significant... more

Visa announces €500 Million European Investment Signals Strategic Response to Payments Sovereignty Push

31 May 26 @ 12:59

The debate around European payments sovereignty has intensified significantly over the past two years. Policymakers, regulators and financial institutions acros... more