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Mobile payments to take off with new series of standards

01 Jun 16 @ 11:24

It is not so long ago that a mobile phone was used to make phone calls. These days, it is used for everything from navigating our way through the streets... read more

PayPal forced to shut down service In Turkey

31 May 16 @ 15:27

PayPal has been forced to shut down its services in Turkey because the company could not get the necessary license from the local authorities. The news about PayPal no longer being... read more

What are the key trends in payments for 2016: Tieto Interview

27 May 16 @ 15:49

Several themes from 2015 will continue trending this year. Mobile payments will keep being one of them. Large players like Apple and Samsung have expanded their geographical presence with their... read more

Swift hack probe expands – North Korea blamed

27 May 16 @ 13:26

Investigators are examining possible computer breaches at as many as 12 banks linked to Swift’s global payments network that have irregularities similar to those in the theft of $81 million... read more

PayPal kills off app for Windows Phone, BlackBerry and Amazon

27 May 16 @ 13:01

PayPal says it is discontinuing its mobile app for Windows Phone, BlackBerry and Amazon Fire OS devices to focus its efforts on Android and Apple and further condemning the brands to... read more

Fraud costing the UK economy £193bn a year

27 May 16 @ 12:17

The annual cost of fraud in the UK could be as high as £193bn per year according to a new report. This dwarfs previous estimates produced by the UK Government... read more

Wells Fargo Wallet – NFC mobile payments

26 May 16 @ 15:15

Wells Fargo has announced a relaunch of its Android portal that will add support for contactless, NFC payments, ATM transactions, and more. Wells Fargo Wallet’s headlining feature is NFC. In an upgrade due... read more

MasterCard powers commerce app within SoftBank’ Humanoid Robot

26 May 16 @ 12:23

MasterCard has unveiled the first commerce application for SoftBank Robotics’ humanoid robot Pepper. The application will be powered by MasterPass, that connects consumers with merchants, enabling them to make fast digital... read more

Why did M-Pesa fail in South Africa?

26 May 16 @ 11:51

South Africa’s largest mobile operator Vodacom recently announced it will be scrapping its M-Pesa mobile money transfer system in Africa’s second-biggest economy. For many pundits the move comes as a... read more

O2 Germany launch mobile banking service

26 May 16 @ 11:41

O2 in Germany is launching a mobile banking service in Germany in late summer 2016, as the number of disruptors to the financial services market continues to grow. The service will... read more

Google unveils more details about Android payments API’s

25 May 16 @ 15:50

During the Google I/O keynote, the company introduced a number of new products like the Android payments API’s and talked some more about Android N. The portions about Android N... read more

The future of banking: Digital super stores

25 May 16 @ 15:38

By 2025 leading banks will be operating as digital financial superstores that blur the line between technology companies and banks, according to a new report from Greenwich Associates. The Future... read more

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Wero expands into Austria as Europe’s payments ambitions gather momentum

23 Jun 26 @ 18:52

The European Payments Initiative (EPI) has secured a significant boost to its ambitions of creating a pan-European payments network, with Austria’s largest ba... more

UK fraud losses reach four-year high

16 Jun 26 @ 18:17

Financial fraud losses in the UK climbed to their highest level in four years during 2025, highlighting the growing sophistication of criminal networks and rais... more

Visa and Mastercard move to end two-decade swipe fee battle

11 Jun 26 @ 16:00

A landmark legal battle that has shaped the economics of card payments in the United States for more than twenty years has taken another significant step toward... more