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BBVA and Sabadell abandon merger – EU consolidation is going to be tough

03 Dec 20 @ 13:19

BBVA, Spain’s second-largest lender by assets, and smaller Banco de Sabadell have ended their merger talks due to  disagreement over pricing. Despite numerous calls for consolidation, the Spanish example underlines... read more

EPSM advocates a gradual SCA ramp up as of January 2021

03 Dec 20 @ 09:55

At the end of this year, the transitional exemption on PSD2-SCA for e-commerce card payments will end. EPSM, the European trade association representing the interests of payment service providers for... read more

SCA: Secure multi-factor authentication for online banking and payments

03 Dec 20 @ 09:00

Since September 2019, PSD2 RTS for Strong Customer Authentication (SCA) applies in the European Union. This revised Payment Services Directive makes SCA mandatory for banks and any sensitive operations, with... read more

ECB PISA framework: New oversight requirements for payment schemes and arrangements

02 Dec 20 @ 12:39

On October 27, 2020, the European Central Bank (ECB) issued a public consultation (Consultation) on its draft oversight framework for electronic payment instruments, schemes, and arrangements (PISA). The Consultation invites feedback on... read more

Banking Circle supports merchants ahead of the big Christmas sales push

02 Dec 20 @ 11:10

Following the launch of USD collections for Amazon in the US, Canada and Mexico earlier this year, financial infrastructure provider Banking Circle is now providing USD collections for sellers across... read more

EPC publishes first SRTP scheme rulebook

01 Dec 20 @ 16:28

Following a three-month public consultation, and in close collaboration with stakeholders from the entire payment value chain, the EPC has published the first version of the Single Euro Payments Area... read more

Cross-border B2C e-commerce spend to break the $1 trillion barrier by 2022

01 Dec 20 @ 15:52

New data has found that $1,120 billion will be spent by global online shoppers on international e-commerce websites and digital services in 2022. This will represent around 20% of total... read more

Novalnet partners with Banking Circle

01 Dec 20 @ 12:36

Novalnet AG, a full-service Payment Provider, is partnering with Banking Circle, for faster and lower cost foreign exchange (FX) and settlement solutions for its 12,000+ customers around the world. Banking... read more

Only 1 in 4 global organisations maintain full compliance with PCI DSS

30 Nov 20 @ 12:26

Global organisations continue to put their customers’ cardholder data at risk due to a lack of long term payment security strategy and execution, flags the Verizon Business 2020 Payment Security... read more

The rise of the m-wallet: Combining payments, loyalty cards and ID

30 Nov 20 @ 11:15

These days, the average consumer has multiple cards weighing down their pockets, from debit and credit cards, loyalty schemes, contactless public transport tickets, IDs, healthcare cards and more. This seems... read more

Libra launch date leaked – stripped back version to launch Q1 2021

27 Nov 20 @ 14:57

Libra, Facebooks digital currency, is rumoured to be prepping for launch in early Q1 2021, but in a limited capacity to its already its already downgraded vision. The Libra Association... read more

Cybersecurity costs: Sopra Steria could pay €50 million for Ryuk attack

26 Nov 20 @ 11:27

Sopra Steria, a supplier to the UK’s NHS, has admitted a ransomware attack on its systems last month is likely to cost the company between €40 million ($48 million) and... 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

Starling Builds UK-Sovereign AI Model With Nvidia and Civo

15 Oct 26 @ 19:41

Starling is developing a transactional foundation model with Nvidia that will be trained and hosted entirely within a UK sovereign cloud, as the digital bank lo... more