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Google Pay passes 100 million installs mark

27 Apr 18 @ 10:24

Earlier this year, Google pushed out a redesign to its mobile wallet and changed the name from Android Pay to Google Pay. Now, Google Pay has passed 100 million installs from the... read more

eBay and PayPal finalise new payments agreement

27 Apr 18 @ 10:14

eBay and PayPal have confirmed the signing of a previously-announced agreement to offer PayPal as a way to pay on eBay until July 2023. This new agreement builds on the... read more

Infograph: What the GDPR means for payments?

27 Apr 18 @ 10:05

European legislation called the General Data Protection Regulation (GDPR) is set to apply as of 25th of May 2018. It will definitely change how personal data are being processed in... read more

US Faster Payments Council release governance framework draft

26 Apr 18 @ 09:38

A 27-member Governance Framework Formation Team (GFFT) has spent eight months working on a draft governance framework for a new US Faster Payments Council (FPC). The draft for the new... read more

Amazon Alexa hacked – security of users’ personal info questioned

26 Apr 18 @ 08:52

Recent reports manifests how “smart” technology, such as voice-enabled digital devices and virtual assistants, could be shockingly blind to security threats. As per reports, researchers discovered a flaw in Amazon’s Alexa virtual assistant that enabled... read more

Global cash report reveals cash payments are on the increase

23 Apr 18 @ 11:03

Cash is still by far the most widely used form of payment in all regions of the world and cash in circulation is growing, according to a new report published... read more

JCB to drop PIN and pilot Japan’s first fingerprint authentication card

23 Apr 18 @ 10:26

JCB says it will soon be dropping PIN authentication and will conduct a pilot trial of its latest JCB Biometrics Card with fingerprint authentication. JCB’s Contactless payment solution is provided... read more

UK’s Open Banking initiative goes live after managed roll out

20 Apr 18 @ 11:18

The Open Banking initiative in the UK has finished a three-month managed roll out programme, leaving regulated companies free to start offering Open Banking related services. Since mid-January, the Open... read more

Major card schemes set for simpler e-commerce via EMVCo’s Secure Remote Commerce

20 Apr 18 @ 09:40

The major payment networks Visa, Mastercard and American Express say they are preparing for a better online payments experience by backing the EMVCo Secure Remote Commerce specification (SRC). The specification, announced... read more

Fraud fears rise as cashless society becomes reality

20 Apr 18 @ 09:25

Despite well-reported reductions in the use of cash across the country, new research from international legal practice, Osborne Clarke, reveals that UK consumers are now more concerned than they were... read more

Report reveals record levels of identity fraud in 2017

19 Apr 18 @ 15:05

Cifas, the UK’s leading fraud prevention service, has released a new report identifying and detailing the fraud trends, like identity fraud, from over 300,000 cases of fraudulent conduct recorded in 2017.... read more

Payment industry history with first AES DUKPT key management implementation

19 Apr 18 @ 11:50

Verifone says it has implemented AES DUKPT with its end-to-end encryption solution, VeriShield Total Protect, its Engage family of payment devices, and Carbon 8 & 10. Co-designed by Verifone, AES DUKPT is a new security key... 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