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Visa and Mastercard moving towards resolution of interchange fees lawsuit

02 Jul 18 @ 15:40

The two big card networks Visa and Mastercard are reported to be close to settling a 13-year-old legal challenge over interchange fees charged when merchants accept card payments, according to people familiar with... read more

EBA clarifies Strong Customer Authentication requirements for PSPs

28 Jun 18 @ 15:48

The European Banking Authority has published an Opinion on the implementation of the Regulatory Technical Standards on Strong Customer Authentication and common and secure communication. It has also published a... read more

Retailers face a ‘Phantom Economy’ of £7bn as Returns continue to rise

28 Jun 18 @ 14:12

UK shoppers are returning £7 billion of purchases every year, leading to a ‘phantom economy’ of lost revenue for retailers, with sales coming in that they ultimately can’t recognise. New... read more

Ingenico’s Axium D7 first POS to achieve Google Mobile Services and PCI-PTS v5 certifications

28 Jun 18 @ 09:00

Ingenico announced that its Axium D7, the world’s only payment device to fulfil the Google Mobile Services (GMS) requirements, achieved the PCI-PTS v5 certification, highest security standard in the payment... read more

European Parliament report finds favour in central bank digital currencies

26 Jun 18 @ 12:31

A new, focused report by the European Parliament’s Economic and Monetary Affairs Committee has found in favour of supporting central bank digital currencies which they define differently from cryptocurrrencies. One can distinguish... read more

Report identifies significant growth opportunities for unattended terminals

26 Jun 18 @ 11:10

The evolution of unattended terminals has continued at pace in recent years and the number of these accepting credit and debit card payments has expanded significantly. Convenience, ease of use... read more

How can real-time payments be secured?

26 Jun 18 @ 10:56

In today’s on-demand world, we expect to be able to spend, move and receive money instantly. For this reason, real-time payments (RTP), also known as ‘faster payments’ or ‘instant payments’,... read more

Ant Financial fights back from MoneyGram disappointment with rival blockchain remittance service

25 Jun 18 @ 16:42

After the disappointment of US regulators blocking its purchase of MoneyGram, Ant Financial has taken a step towards dramatically lowering the cost of remitting money overseas in a move that... read more

SWIFT extends gpi to all banks for cross border payments

25 Jun 18 @ 15:49

The SWIFT Community is to universally adopt the gpi service, in a move which will see all 10,000 banks on SWIFT’s global network use the global payments innovation service (gpi)... read more

US merchants pushed to improve payments acceptance and security

25 Jun 18 @ 15:37

The results of a new survey has been released from group of payment networks and card issuers lobbying  against merchants in which the key findings are that merchants should “step... read more

Cyberattackers use Hidden Tunnels to spy on and steal financial data

22 Jun 18 @ 11:05

Vectra has released in-depth analysis that many global financial services organisations are targeted by sophisticated cyberattackers exhibiting the same attacker behaviours that Led to the 2017 Equifax Breach. As part of key findings in... read more

PayPal continues spending spree on Simility

22 Jun 18 @ 09:58

Having splashed out $2.2 billion on iZettle, PayPal is continuing its spending spree on new technology with the acquisition of Simility, a fraud prevention and risk management platform, for a purchase... read more

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Visa turns the card into an identity credential

12 May 26 @ 15:44

Visa has launched a new tap-based authentication technology that could reshape how banks verify customers in mobile banking environments. [caption id="atta... more

FCA probes Paypal, Mastercard and Visa competition

07 May 26 @ 16:30

The UK’s Financial Conduct Authority has opened a competition investigation into PayPal, Mastercard and Visa, examining whether commercial arrangements linked... 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