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Cash still king in UK but consumers are turning to contactless

11 Aug 17 @ 13:54

The number of cash payments decreased by 11% between 2015 and 2016, but it still remains the most frequently used payment method in the UK, according to new data published... read more

What is the driving force behind the new fashion of mega-mergers in payments

11 Aug 17 @ 11:59

For many years payments processing has been considered the ugly sister of the payments industry that quietly ticks over in the depths of back offices. In the last 18 months... read more

PSR bares its teeth issuing public censure on Cheque & Credit Clearing Company

11 Aug 17 @ 11:20

The Payment Systems Regulator (PSR) has imposed a public censure on Cheque & Credit Clearing Company Ltd (C&CCC) following its failure to comply with the PSR’s General Directions. As part... read more

Digital start-up Tandem acquires Harrods Bank

07 Aug 17 @ 15:03

Digital start-up bank Tandem has agreed to buy Harrods Bank, four months after seeing a £35 million funding deal collapse. Tandem, which says it is building a mobile-only bank, announced on Monday... read more

New global specifications for QR Code Payment

07 Aug 17 @ 13:36

Visa says it will support of the new global QR Code Payment Specifications from EMVCo, the global technical body that manages the EMV Specifications. The specifications cover consumer-presented and merchant-presented QR... read more

Class action lawsuits filed against EVO Payments International and EVO Merchant Services

07 Aug 17 @ 10:42

Atlanta-based law firm Webb, Klase & Lemond, LLC has filed two class action lawsuits against payment processing giants EVO Payments International and EVO Merchant Services (collectively, “EVO”) alleging they maintain... read more

Mobile banking and its use as a payments channel

04 Aug 17 @ 10:59

58% of US smartphone users have downloaded a mobile banking app for their primary checking account, and 50% of US smartphone users (including 68% of those under 35 and 31%... read more

ICC Solutions releases ICCSimCTC: Visa HCE validated by Visa

04 Aug 17 @ 10:29

ICC Solutions has released its Visa HCE test suite, hosted on the industry leading ICCSimCTC card test tool platform, which has been fully tested and validated by Visa. This test... read more

Skype partners with PayPal to launch ‘Send Money’ function

03 Aug 17 @ 15:03

Skype has added PayPal integration to its Android and iOS apps. The new ‘Send Money’ feature, which has launched in 22 countries including the UK, brings the ability to send and receive... read more

Unlocking a $5 billion commercial card prize for issuers

03 Aug 17 @ 14:15

At a typical 1% level of rebates (akin to cash back for consumer and business cards) on commercial card spend for corporate travel and purchasing, including virtual card spend, we... read more

Financial inclusion – Addressing the unbanked in developing countries

02 Aug 17 @ 15:51

Around two billion people worldwide do not use formal financial services and around half the adults in the poorest households are unbanked, according to the World Bank. When financial inclusion... read more

Worldwide retail e-commerce sales reach $1.9 trillion in 2016

02 Aug 17 @ 14:57

Retail e-commerce sales – which include products and services (barring travel, restaurant and event ticket sales) ordered via the internet over any device – reached $1.915 trillion in 2016, accounting... 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