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The European Payments Initiative makes two big strategic acquisitions

25 Apr 23 @ 14:09

The European Payments Initiative (EPI) is in the news for three reasons: first launch of a pilot phase offer, a double acquisition and the addition of four new shareholders. At... read more

Report: The European payments landscape for 2023

24 Apr 23 @ 09:49

Payments Cards & Mobile’s exclusive annual review of European payments data from 33 European countries confirms the growth of online payments versus in-person, as well as the dominance of debit... read more

Why embedded finance is set to change the payments world

24 Apr 23 @ 09:25

The global finance industry was worth, by one estimate, $22.5 trillion in 2021. This vast market – encompassing banking, insurance, loans, payments, savings and more – comprises a quarter of the world’s... read more

American Express Q1 revenue increases to record $14.3 billion

24 Apr 23 @ 09:08

American Express has reported very healthy Q1 2023 net income of $1.8 billion, or $2.40 per share, consolidated total revenues net of interest expense were $14.3 billion – a record... read more

MiCA crypto regulation passed by EU Parliament

21 Apr 23 @ 12:51

The European Parliament has signed off on the MiCA regulation, an ambitious and forward thinking law that will give the European Union its first rules to govern the crypto industry... read more

Digital and alternative payment trends worldwide

21 Apr 23 @ 10:11

Fabrick and its subsidiary Axerve, have released a new whitepaper, “Alternative payment solutions: how they are changing the payment scene”. The paper explores the ways in which alternative payments are... read more

P27 Nordic Payments initiative in doubt as application withdrawn

20 Apr 23 @ 16:23

P27 Nordic Payments has decided to withdraw its clearing license application from Finansinspektionen. The payments initiative, which won permissions from The European Commission to establish its pan-Nordic payments platform, said... read more

GSMA: State of the Industry Report on Mobile Money

20 Apr 23 @ 13:04

Mobile money is now considered a mainstream financial service in many countries During the COVID-19 pandemic, mobile money enabled millions of people in low- and middle income countries (LMICs) to... read more

How AI is revolutionising the payments industry – By ChatGPT

20 Apr 23 @ 11:36

As the payments industry continues to grow and evolve, businesses are seeking new ways to stay competitive and deliver value to customers. One of the most promising technologies that has... read more

MiCA and the future of cryptocurrency – An economists view

19 Apr 23 @ 17:15

In October 2022, the European Union finalised the text of its regulatory framework called Markets in Crypto-Assets or MiCA. The final vote on the new regulation is scheduled for April 19, 2023, meaning the... read more

Google Play store to offer payment choices following CMA probe

19 Apr 23 @ 16:25

The Competition and Markets Authority (CMA) says it is consulting on commitments offered by Google which would give app developers the freedom to break away from Google Play’s billing system... read more

Crédit Agricole and Worldline discuss major merchant services player

19 Apr 23 @ 08:34

Worldline and Crédit Agricole have announced the signing of a non-binding exclusive agreement regarding a strategic partnership to create a major player in the French merchant services payment market. The... read more

Aevi launches first TSYS pilot merchant for in-person payments in US

19 Apr 23 @ 08:00

Aevi has successfully launched its first pilot merchant on the TSYS processing platform in collaboration with Vivid Payments. With its expertise in streamlining checkout processes and providing access to transaction... read more

Card based e-commerce purchases hit record $8.1 trillion

18 Apr 23 @ 16:17

E-commerce card purchases continue to gain momentum as pandemic-driven habits remain popular and e-commerce card payments have become increasingly convenient, secure and widely available. The Global Payment Cards Data and... read more

Apple Account launch has billion dollar impact on Wall St. banks

18 Apr 23 @ 12:12

Apple and Goldman Sachs launched a new savings account yielding 4.15% a year, having first announced the product in October, the interest rate is more than 10 times the national... read more

The Bots and the Banks – The power of ChatGPT

18 Apr 23 @ 10:52

Back in 2019, I wrote a piece for Wired predicting that in time robots will take over in banking just as they have done in manufacturing. I said that going to the... read more

ECSA: Remove payments from the Digital Identity Regulation scope

17 Apr 23 @ 16:05

The European Banking Federation, the European Association of Co-operative Banks, and the European Savings and Retail Banking Group, jointly known as the European Credit Sector Associations (ECSAs) welcome the ambitions... read more

RS2 and Landsbankinn bring merchant acquiring services to Iceland

17 Apr 23 @ 09:58

RS2 says that Iceland’s most innovative bank, Landsbankinn, has launched its own merchant acquiring services using RS2’s payments processing platform. Landsbankinn business customers can now concentrate all their payment services... read more

Trending

Visa launches Intelligence Commerce Connect tool

14 Apr 26 @ 20:03

Visa is stepping up its push into agentic commerce with the launch of Intelligent Commerce Connect, a new tool intended to help businesses plug into AI-driven s... more

Revolut eyes an IPO, but the valuation story is the real headline

21 Apr 26 @ 14:35

Revolut is beginning to sound more like a future public market heavyweight than a fast-growing European fintech. Chief executive Nik Storonsky has said the com... more

American Express launches agentic commerce developer kit

16 Apr 26 @ 11:46

American Express is positioning itself early for what could become one of the next major shifts in digital payments: AI agents that do more than recommend produ... more