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The new PCI DSS 3.2 standards – New authentication requirements for cardholder data

28 Mar 18 @ 10:14

Poor password management – including the continued reliance on default, stolen, weak and non-unique passwords – is a key factor in more than 80% of hack-driven breaches, according to Verizon’s... read more

Europol arrests mastermind of Carbanak cyber crime gang

27 Mar 18 @ 10:54

Spanish police have arrested a Ukrainian national they suspect is the head of the infamous Carbanak cyber crime gang that stole more than €1bn from 100 financial institutions, often by... read more

Instagram launches Instagram Shopping function in the UK

27 Mar 18 @ 10:46

Instagram has introduced a direct-to-consumer e-commerce brand with the launch of Instagram Shopping in the UK, an update on the social media platform allows consumers to seamlessly purchase products directly... read more

Payconiq mobile payments app merges with Bancontact in Belgium

26 Mar 18 @ 13:44

Payconiq, a mobile payments app supported by the majority of Belgian and Dutch banks, is to merge with Bancontact, the Belgian market leader in electronic payments. Created from a merger... read more

New Visa Chargeback Rules – Visa Claims Resolution – coming in April 2018

26 Mar 18 @ 12:37

On April 15, 2018, Visa’s new rules on chargebacks, called Visa Claims Resolution or VCR will come into effect. This new program has already gone live in Hong Kong and... read more

ECB declines to extend assurances to UK banks for Brexit transition

26 Mar 18 @ 09:59

UK headquartered banks are still planning for a March 2019 departure from the UE after European regulators declined to offer any formal assurances for how business can be conducted during... read more

Real-time payments to drive revenue growth according to ASEAN benchmark data report

23 Mar 18 @ 15:47

ASEAN financial institutions are focusing increasing investment on payments modernisation, with real-time payments capabilities serving as the first step to digital transformation across consumer and corporate services, per new benchmark... read more

World’s first multi cryptocurrency instant-messaging payments system

23 Mar 18 @ 14:12

TransCrypt is using Telegram as a base to launch a new universal cryptocurrency payment system that acts within the interface of popular messaging platforms, allowing users to send or receive... read more

Amazon merchants sales: 25% are cross-border e-commerce transactions

23 Mar 18 @ 12:13

Amazon is making a cross-border e-commerce transactions push for merchants on its website to sell goods into other countries, setting the stage for greater competition with rival marketplaces run by... read more

Chinese tourists want to use mobile payments

21 Mar 18 @ 07:21

Nearly all Chinese travellers (91%) would be more willing to shop and spend at overseas merchants that accepted Chinese mobile payments, according to a new Nielsen report, jointly released by... read more

What banks don’t get about the Open Banking API economy

20 Mar 18 @ 11:45

The Open Banking ecosystem can learn a lot from the smartphone operating system (OS) market. In particular, banks that are developing APIs in a bid to control the new ecosystem... read more

Chip and PIN cards remain consumers’ first choice for payments over contactless

20 Mar 18 @ 11:35

Online research from Equifax, shows that using a debit or credit card with a PIN number is still the preferred method of payment for 42% of people in the UK.... 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