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SIA acquires Emmecom and launches new network services for European banks and merchants

26 Jul 13 @ 01:32

SIA has acquired 51% of the share capital of Emmecom, an Italian company in the sector of fixed, mobile and satellite telecommunications networks, with the right to exercise the option for... read more

Barclaycard partners with Sysnet to provide merchant PCI Compliance Validation services

26 Jul 13 @ 01:30

Barclaycard announces that it has partnered with Sysnet Global Solutions to provide PCI DSS compliance validation services to its UK based merchant customers.  In the accompanying press release Internal Market... read more

Reactions to PSD2 and the proposed regulation of MIFs

26 Jul 13 @ 00:00

The European Commission (EC) published the long awaited proposal for a revised Payment Services Directive (PSD2), and a proposal for the regulation of Multilateral Interchange Fees (MIF), on 24 July... read more

EU proposes cap on card fees

24 Jul 13 @ 01:39

The European Union’s executive body proposed a strict cap on credit and debit card fees on Wednesday, in a move it said could save consumers billions of euros. The proposal,... read more

Bitcoin Ponzi scheme

24 Jul 13 @ 01:38

The Securities and Exchange Commission is suing a Texas man for allegedly running a Ponzi scheme he promoted through a Bitcoin-denominated investment strategy and issued a warning to investors about falling for... read more

Wind and BNL test NFC payments

24 Jul 13 @ 01:36

Wind and BNL BNP Paribas Group, in collaboration with SIA and MasterCard, have started an NFC technology (Near Field Communication), which allows users to make purchases in contactless mode via... read more

First NFC enabled iPhone wallet launches in Europe

23 Jul 13 @ 01:43

Kalixa Group, DeviceFidelity and MasterCard announced the UK launch of the moneto prepaid wallet. The wallet enables near field communications (NFC) functionality on an iPhone, allowing users to tap and pay for goods at thousands of... read more

Prepaid revenue growth has strong tailwind

23 Jul 13 @ 01:40

First Annapolis forecasts that U.S. open-loop prepaid revenue will reach $4.5 billion in 2013, up from $3.8 billion in 2012. Historically, growth rates on prepaid load volume, transactions, and revenue... read more

Cryptomathic enables secure issuing to MasterCard and Visa mobile wallets

22 Jul 13 @ 02:18

Responding to increasing demand for mobile payments, Cryptomathic has upgraded its EMV flagship issuing solution, CardInk, to enable customers to issue payment applications to smartphones and other mobile devices. The... read more

ICICI Bank and Movida partner on mobile payments service in India

22 Jul 13 @ 02:15

Movida, the mobile payments joint venture between Visa Inc. and Monitise announced a deal with ICICI Bank, India’s largest private sector bank, to utilize Movida’s mobile payments service for the... read more

China’s Sina plans to launch online banking services

22 Jul 13 @ 01:49

Sina, the Chinese tech giant behind microblogging platform Sina Weibo, announced that it will roll out an online banking platform in September. According to the Beijing News (h/t via Tech in Asia) the new... read more

U.S. Bank adds Square to its digital wallet options

22 Jul 13 @ 01:46

U.S. Bank announced that it has added Square to its digital wallet options available to customers via their iOS and Android smartphones. The announcement comes during a time when many in... read more

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Inside A7: How Russia built a parallel cross-border payments network

24 Sep 26 @ 16:29

Russia’s attempts to circumvent Western financial sanctions have developed into a sophisticated parallel payments architecture combining traditional banking, ... more

Global Banks set ground rules for Agentic Commerce as Fraud and Liability risks rise

27 Sep 26 @ 18:53

Six major banks have joined forces to establish principles for trusted agentic commerce, warning that the rapid adoption of AI shopping agents could outpace exi... more

UK Banks complete first live transactions using Tokenised Deposits

27 Sep 26 @ 18:52

Seven major UK financial institutions have completed the first live customer transactions using tokenised sterling deposits, marking an important step in Britai... more