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Tyupkin malware used to steal millions from ATM’s

08 Oct 14 @ 11:14

Kaspersky Lab says that it has discovered Criminals are using the Tyupkin malware to clean out cash machines around the world, stealing millions of dollars. After a forensic investigation conducted... read more

Equity Bank challenges M-Pesa with Thin SIM technology

07 Oct 14 @ 15:35

Kenya’s Equity bank is aiming to challenge mobile money transfer giant M-Pesa with the release of an ultra-thin smart SIM enabling users to access the bank’s mobile money service without... read more

mPOS player Square raises $150 million funding

07 Oct 14 @ 15:32

mPOS player Square has raised $150 million in a funding round, led by the Government of Singapore Investment Corporation. The funding round values Square at $6 billion. Existing investors Goldman... read more

MasterCard to mine Facebook user data in Asia-Pacific

07 Oct 14 @ 15:28

MasterCard has signed a two-year deal to mine Facebook Asia-Pacific user data, detailing consumers’ online habits to uncover behavioural insights it can then sell to banks. MasterCard aims to feed the... read more

Inside Test Tools 2014

07 Oct 14 @ 10:40

In this supplement, produced in conjunction with test tool provider Clear2Pay, we explore how closely test tools are embedded in the payments industry and the role that they play supporting all of the sectors to enable innovation, safety and cost savings.

UnionPay launch NFC payment service with Samsung in China

03 Oct 14 @ 12:23

UnionPay, China’s largest card company and leading card issuer by number of cards, has launched an NFC payment service with Samsung. UnionPay’s NFC payment system can be used by more... read more

JP Morgan denies second cyber hacking reports

03 Oct 14 @ 10:37

Having strongly denied a second round of cyber hacking as reported in the New York Times, the embattled bank has released figures on the breach. On Thursday, citing “several people”... read more

FIS completes acquisition of Clear2Pay

02 Oct 14 @ 13:45

FIS, the world’s largest provider of banking and payments technology solutions announced it has completed its acquisition of Clear2Pay. The transaction brings new corporate payment solutions and services, inclusive of high-... read more

MasterCard Launch SafetyNet to protect against cyber hacking of banks and processors

02 Oct 14 @ 12:59

MasterCard has launched  SafetyNet, a global tool designed to reduce the risk of cyber hacking of banks and processors. SafetyNet is designed to use the power of MasterCard’s global network, to... read more

Major European MNO’s extend carrier billing via e-money partnership

02 Oct 14 @ 12:30

Boku, having secured a European e-money license, is partnering with three of the UK’s leading wireless operators to expand carrier billing capabilities into the fully-regulated mobile payments market. Boku is... read more

Germany to launch XML-based card clearing service

01 Oct 14 @ 11:14

The German central bank says it is working on a new XML-based infrastructure for debit card clearing transactions for the country’s financial institutions. The central bank will work with EBA Clearing... read more

Dwolla secures fresh investment to scale global payment network

01 Oct 14 @ 10:15

Dwolla has raised $9.7 million in a further funding round. The highly rated startup set out to build a scalable, global payment network capable of taking on national automated clearing... 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

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

UK Moves to Open iPhone Contactless Payments to Apple Pay Rivals

22 Oct 26 @ 18:16

The UK’s competition regulator has set out proposals that could significantly widen access to contactless payments on Apple’s iPhone, potentially lowering b... more