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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P27 Nordic Payments initiative in doubt as application withdrawn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

How fintechs can power tomorrow’s high-performance world

17 Apr 23 @ 09:46

The fintech industry is constantly evolving, with new technologies and solutions emerging all the time. Decision-makers are searching to understand how the market is changing. Collaboration is essential for developing... read more

Can payments be a profit lifeline for banks?

14 Apr 23 @ 13:16

Think about banking, and you might think Tom Cruise or Michael Douglas in Wall Street – or, more recent movies like The Big Short. Either way, your mental image will... read more

FTC sue Chargebacks911 for “thwarting chargeback mitigation”

14 Apr 23 @ 13:09

The Federal Trade Commission has filed a suit against Chargebacks911 for unfairly thwarting consumers who were trying to dispute credit card charges through the chargeback process. In a complaint filed in... read more

Trending

ECB brings Central Bank money to tokenised market

23 Sep 26 @ 14:34

The European Central Bank has taken a significant step towards integrating distributed ledger technology with Europe’s core financial infrastructure, launchin... more

European E-commerce Hits €911bn as Payments Reshape Online Retail

21 Sep 26 @ 19:41

European e-commerce has broken through the €900bn barrier, underlining the growing importance of digital retail to the continent's economy while intensifying ... more

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