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Has BNPL had its moment – Laybuy heads for receivership

18 Jun 24 @ 14:58

Just hours after Apple announced it will be withdrawing its Apple Pay Later product and replacing it with a more traditional financing model which includes a financial institution, Laybuy has... read more

Apple kills Apple Pay Later service in US

18 Jun 24 @ 09:05

Apple has been forced into an embarrassing about turn with its BNPL product, Apple Pay Later product, that only launched in the US last year. The cessation of the service... read more

Mastercard and Thought Machine accelerate core banking capabilities

18 Jun 24 @ 08:38

Mastercard and Thought Machine, a cloud-native banking technology company, are advancing their partnership to deliver payments and core banking (critical back-end technology for product and account management and the customer... read more

The World is going cashless…but how quickly?

17 Jun 24 @ 16:18

In 2022 the use of cash declined by its largest margin in the history of cash. It was perhaps the largest decline on record at least since 650 BC. But... read more

Why sustainability is vital to phygital payments – but tough to achieve

17 Jun 24 @ 12:30

The third article in our series about the new phygital payments landscape, powered by leading PayTech specialists G +D, looks at the importance of sustainability to phygital payments, the progress... read more

2024 Digital Remittances Adoption Report

14 Jun 24 @ 11:41

Billions worth of currency travels around the world every second. And many of those billions come from individuals — not just from the trading of stocks from brokers in capital... read more

Digital pound at POS – no new infrastructure needed

14 Jun 24 @ 11:08

As part of the design phase for a digital pound, the Bank of England (the Bank) is conducting experiments and proofs of concept (PoC) in collaboration with private-sector innovators and... read more

BNP Paribas and BPCE announce plan for No.1 processor in France

14 Jun 24 @ 09:26

Following hot on the footsteps of Credit Agricole and Worldline, BNP Paribas and BPCE have negotiated a major new step for the French payments market by jointly acquiring new technology... read more

“Frankenstein” synthetic identities pose billion-pound fraud threat

13 Jun 24 @ 12:44

According to new LexisNexis Risk Solutions data, there are almost 3 million synthetic identities, known as Frankenstein identities, in circulation in the UK, preparing to strike. Synthetic identities exploit stolen... read more

Consumers moving at speed towards local payment methods – merchants should embrace the change

13 Jun 24 @ 09:53

A new white paper from local payment specialists, Boku adds to an emerging consensus that, across the world, consumers are beginning to turn their backs on card-based payments and card-linked... read more

Eastnets launch SEPA Instant Payments Access-as-a-Service

13 Jun 24 @ 09:30

Eastnets is launching an Instant Payments Access as a Service for SEPA Credit Transfers Instant (SCT Inst) as part of its long-standing, global SWIFT service bureau offering. The service, hosted in... read more

Merchant collective interchange fee claims against networks to proceed

12 Jun 24 @ 16:32

Interchange fee litigation in the UK is nothing new: the Courts have seen cases brought by individual merchants, and a collective consumer action, against Mastercard and Visa. What is new is that – subject to revised... read more

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Mastercard and BVNK Launch Platform Linking Fiat and Stablecoin Payments

20 Oct 26 @ 09:06

Mastercard has launched a new platform with BVNK that brings fiat currencies and stablecoins together through a single API, marking the first major integration ... more

Visa Builds Agentic Commerce Infrastructure as Credentials Reach 5.2 Billion

29 Oct 26 @ 19:39

Visa is expanding its payments infrastructure around agentic commerce, stablecoins and tokenisation as its global credential base reaches 5.2 billion and ... more

UK Moves to Open iPhone Contactless Payments to Apple Pay Rivals

22 Oct 26 @ 18:16

The UK’s competition regulator has set out proposals that could significantly widen access to contactless payments on Apple’s iPhone, potentially lowering b... more