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O2 shuts down mobile wallet service

10 Jan 14 @ 16:33

Mobile network operator O2 is to cease operating its O2 mobile wallet service in the UK on 31 March. Launched in April 2012, the service included a range of money transfer,... read more

Mobile wallet usage to increase to over 40% of smartphone users by 2017

10 Jan 14 @ 16:14

Parks Associates research says that over 40 million US consumers, or 20% of all smartphone users, used at least one mobile proximity or mobile e-commerce wallet in 2013, and mobile wallet... read more

Worldwide impact of 3D secure on transaction conversion rates

10 Jan 14 @ 13:02

Adyen has published findings from its analysis of how applying 3D Secure to all transactions can positively or negatively impact transaction conversion rates on a per-country basis. The report, conducted... read more

EU extends SEPA migration deadline

10 Jan 14 @ 12:36

The European Commission says it will extend the SEPA migration deadline for the introduction of  new faster and cheaper intra-bank payments systems for six months following delays in some EU member... read more

UK bank IT systems called into question

10 Jan 14 @ 12:28

At a recent parliamentary inquiry, a senior Bank of England official said the UK banking sector is still a “long way away” from addressing deficiencies in its “antiquated” bank IT systems.... read more

PKO Bank Polski finalize sale of merchant acquiring business

10 Jan 14 @ 12:15

PKO Bank Polski and EVO Payments International successfully completed EVO’s acquisition of a 66% interest in eService, PKO’s existing merchant acquiring business. In addition, the parties also entered into a... read more

Central Bank imposes mobile money tax after bitter dispute

10 Jan 14 @ 12:06

Zimbabwe has begun imposing a mobile money tax on transactions after intense lobbying from the Bankers Association of Zimbabwe (BAZ) for the Zimbabwean central bank to regulate mobile money services... read more

£3.2m equity finance investment for secure chip provider Thames Card Technology

08 Jan 14 @ 09:51

Thames Card Technology (TCT), one of the UK’s largest manufacturers of secure chip credit, debit, prepaid, gift and loyalty cards, announced growth capital investment of £3.2 million from independent UK... read more

SEPA Cards Standardisation Volume ready for market implementation

07 Jan 14 @ 11:40

The European Payments Council (EPC), representing the European banking industry in relation to payments, together with the Cards Stakeholders Group (CSG), today published version 7.0 of the SEPA Cards Standardisation... read more

Consumers worldwide want more mobile banking via smartphones

07 Jan 14 @ 11:25

FICO has released the results of an international survey of smartphone consumers showing that they want to do much more mobile banking than most of today’s smartphone apps permit. While... read more

RBI disappointed in mobile banking traction

07 Jan 14 @ 11:07

The Reserve Bank of India (RBI) has expressed its disappointment over the lower-than-expected spread of mobile banking,  adoption of which has been encouraging, but below expectation, due to key factors such... read more

NRF files appeal in Interchange Fee Settlement fiasco

06 Jan 14 @ 16:25

The National Retail Federation, the world’s largest retail trade association, has announced, in the ongoing Interchange Fee Settlement fiasco  “it has formally filed an appeal of a controversial antitrust lawsuit settlement covering credit... 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