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Global card payments set to rise by more than half to 500bn by 2022

15 Dec 17 @ 09:53

The total number of card payments worldwide increased by 14% to 310 billion in 2016, notably higher than the 8% increase in card numbers, according to RBR’s Global Payment Cards Data... read more

2018 business banking trends and outlook

14 Dec 17 @ 15:28

Although banks and financial institutions around the world are faring relatively better than their recent past, competitive pressure from traditional rivals and emerging competitors are tightening margins, and impacting profit... read more

Atos forges ahead with $5.1 billion bid after Gemalto rebuff

14 Dec 17 @ 14:47

Atos is ruthlessly pursuing its unsolicited bid to buy Gemalto even after the security-software maker’s board unanimously rejected the €4.3-billion ($5.1 billion) offer. Atos’s offer “significantly” undervalues the company, Gemalto said in a statement late Wednesday in... read more

What is the position of bitcoin and cash in regulated bank economies

13 Dec 17 @ 16:28

As HSBC escaped the threat of criminal prosecution for having allegedly laundered at least $880m for Mexican drug barons, it does not feel coincidental that the bitcoin frenzy lifted the... read more

American Express eliminates signature requirements worldwide

13 Dec 17 @ 15:39

American Express announced it is eliminating the requirement for merchants to collect Card Members’ signatures for all purchase transactions at the point of sale beginning in April 2018. The move,... read more

2018 payment trends: Safer data, faster payments, better experiences

13 Dec 17 @ 15:18

Fundamental shifts in consumer behavior, the emergence of new technologies and an evolving regulatory landscape means the payment trends in the payments ecosystem are poised for unprecedented transformation in 2018.... read more

Major banks invest millions into cyber security startup Menlo

12 Dec 17 @ 18:23

A number of major banks and networks have invested millions of dollars into a cyber security startup that aims to paralyze phishing attacks, in which hackers try to trick people into either revealing their... read more

Atos makes unsolicited bid for Gemalto

12 Dec 17 @ 18:12

Atos has made an unsolicited bid to buy Gemalto of the Netherlands, the French company was forced to go public on Tuesday, with no official answer from Gemalto. Atos can... read more

Islamic finance: time to go mainstream?

11 Dec 17 @ 16:36

The Islamic finance industry has expanded rapidly in the last decade, growing at around 10-12 percent annually, according to the World Bank. We examine the underlying Shariah principles and how... read more

Alternative financial institutions account openings outstrip the growth rate of traditional banks

11 Dec 17 @ 16:24

Banks have been under pressure for some time. This pressure has come from regulators, from customers and from new competition and there is no one front on which banks can... read more

Visa sensory branding elements – sound, animation and haptic – for completed transactions

11 Dec 17 @ 15:51

Visa has announced a suite of sensory branding that will support the Visa brand in an expanded universe of connected, payment-enabled devices. These new sound, animation and haptic (vibration) cues will help signify completed transactions... read more

The future of Financial Services – what will it take to live long and prosper

08 Dec 17 @ 15:27

Under assault from regulators since 2008 and distrusted by sceptical consumers, the Financial Services (FS) industry is still trying to fix past misdeeds.  But in the interim, technological advances have... read more

KONA I and Linxens sign strategic cooperation agreement

07 Dec 17 @ 08:58

KONA I, a global FinTech leader and a state-of-the-art smartcards and payment solutions provider and Linxens, a global leader in the design and manufacture of microconnectors for smartcards and RFID... read more

What is the purpose of PSD2 for payments?

06 Dec 17 @ 09:55

The purpose of PSD2 is enabling third parties creating new Financial Services through open APIs to customers’ bank accounts. Such systems already exist but currently rely of questionable methods typically requiring consumers... read more

The digital trend that’s shaping modern banking – and how to deal with it

06 Dec 17 @ 09:39

The banking industry is changing. We’re now in an age where banks are competing on customer experience – and when it comes to making that experience better, using data to... read more

Target rolls out mobile wallet to its app

05 Dec 17 @ 09:35

Target has rolled out a proprietary mobile wallet. While the retailer still will not accept Apple Pay or other third-party mobile payment options in its stores, the retailer is going... read more

Europe’s banks look to compete together against FinTech threat

05 Dec 17 @ 09:23

The heads of several large European banks have told the Financial Times that they are in talks about jointly setting up a cross-border instant payments service. The details are sketchy... read more

UK government looks to regulate Bitcoin

05 Dec 17 @ 08:55

The UK Treasury has said that Anti-money laundering regulations should be updated to include Bitcoin and other virtual currencies. The Metropolitan Police says criminals are using crypto-currency cash machines to... 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