Daily News

Showing Latest Daily News

£12.8 billion a week set to be sent through digital banking by 2020

20 Apr 15 @ 12:19

The number of mobile banking users is set to almost double from 17.8 million to 32.6 million by 2020, whilst the number of UK adults using online banking will increase... read more

Consumers want part in protecting their payment cards from fraud

20 Apr 15 @ 11:59

A survey conducted in the US, Canada and the UK by FICO shows that fraud is top-of-mind for consumers in the wake of high-profile data breaches. Respondents’ primary concern about payment... read more

Apple Pay struggling to gain bank support outside US

20 Apr 15 @ 11:36

According to several reports over the weekend, Apple is struggling to get the same level of support for its payments brand Apple Pay, outside of the US. Apple is alleged... read more

Google Wallet gaining traction with merchants

17 Apr 15 @ 13:49

Google’s efforts to promote broader adoption of its Google Wallet mobile payment system appear to be gathering momentum. The company earlier this week announced that Dunkin’ Donuts and online food... read more

Europeans rapidly adopting mobile payments

17 Apr 15 @ 13:41

The number of Europeans who will use a mobile payment application in 2015 will rise 51% year over year for a total of about 185 million, according to an ING... read more

AmEx Lab testing facial recognition technology

17 Apr 15 @ 13:36

According to a WSJ blog, American Express is experimenting with facial recognition and wearable technology that could turn into new capabilities for some of its mobile apps, including products aimed... read more

Royal Bank of Canada launches Mobile Wallet

17 Apr 15 @ 12:56

Royal Bank of Canada, which over a year ago built its own mobile wallet technology (with partners) that it’s adapted to work with Apple Pay, Android alternatives and the card... read more

86% of fraud in chargebacks

17 Apr 15 @ 12:45

Global Risk Technologies (GRT) recently examined friendly fraud, and found approximately 86% of chargebacks are fraudulent, and many consumers bypass merchants to directly file complaints with card-issuing banks. GRT CIO... read more

ACH volume increases to 23 billion payments in 2014

16 Apr 15 @ 16:08

ACH volume grew to almost 23 billion electronic payments, an increase of almost 5%, or 1 billion transactions, over 2013 volume, according to new statistics released by NACHA — The... read more

Massive drop in number of unbanked says World Bank

16 Apr 15 @ 15:23

From 2011 and 2014, 700 million people became account holders at banks, other financial institutions, or mobile money service providers, and the number of “unbanked” individuals dropped 20% to 2... read more

NCR launch cloud-based ATM software platform

16 Apr 15 @ 14:05

NCR says it has introduced the biggest change to the way an ATM operates since the self-service banking channel was invented nearly 50 years ago, launching Kalpana software, an enterprise software platform... read more

Card fraud increases as stolen cards used once every 20 seconds

15 Apr 15 @ 12:50

British businesses were hit by card fraud once every 20 seconds in March, with Worldpay warning that small businesses are likely to have been hackers’ biggest targets. Worldpay saw over... read more

Trending

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