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THE GLOBAL WALLET WAR: WHO WILL OWN THE CUSTOMER?

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Bank migrations to the cloud face tough new EU rules

02 Dec 22 @ 11:44

Banks and large financial service providers offering their services in the European Union are set to face tough new regulations on services that have, or are planning to move to... read more

BNPL surges during cost of living crisis to 13.5 million UK users

01 Dec 22 @ 17:08

More than one quarter of UK consumers are turning to Buy Now Pay Later (BNPL) schemes, according to Forbes Advisor, which researched consumer behaviour and attitudes towards BNPL service, as... read more

PSR fines Barclays bank £8.4 million for breaking interchange fee rule

01 Dec 22 @ 16:34

The Payment Systems Regulator (PSR) have published the outcome of its latest enforcement case into Barclays bank for failing to comply with the Interchange Fee Regulation (IFR). The PSR found... read more

Battle of the crypto: Bitcoin’s last stand?

01 Dec 22 @ 13:00

The value of bitcoin peaked at $69,000 in November 2021 before falling to $17,000 by mid-June 2022. Since then, the value has fluctuated around $20,000. For bitcoin proponents, the seeming... read more

Court of Appeal unanimously dismisses Mastercard interchange fee appeal

29 Nov 22 @ 17:57

The UK’s Court of Appeal has today dismissed Mastercard’s appeal against the Competition Appeals Tribunal decision in which a class action law suits was bought against the company for unfair... read more

TikTok looks to FinTech market for social commerce platform

29 Nov 22 @ 17:31

TikTok is ramping up its social commerce platform to diversify its revenues amid a slowdown in digital advertising. Social commerce, where users can buy items without leaving the social media... read more

FinTechs should partner in DevOps – here’s why

29 Nov 22 @ 13:44

As neobanks and FinTechs target growth with new apps and digital services, Adrian Marinica, Technical Manager from Maxcode explains why partnering with external providers is the optimal way to deliver high... read more

Chopping BlockFi: Another crypto exchange files for bankruptcy

28 Nov 22 @ 17:31

Two weeks ago BlockFi denied rumours that a majority of its assets are custodied at collapsed crypto exchange FTX. With FTX and all of its affiliates now in bankruptcy proceedings,... read more

How to improve user onboarding in the era of digital finance

28 Nov 22 @ 17:05

A new white paper from leading Open Banking platform Plaid explains why user onboarding needs to improve dramatically if digital finance is to reach its full potential. The paper also... read more

Papaya’s New Payment Process: Delivery Within 72 Hours

28 Nov 22 @ 14:49

Papaya Global, the global payroll company, is aiming to revolutionize the global workforce management. This is a field that has boomed since the pandemic, and their platform is one of... read more

India is a key growth market for European merchants and acquirers

25 Nov 22 @ 17:00

JCB International has identified a significant opportunity for European merchants and acquirers to tap into the rapidly growing Indian payments market, with JCB data showing a 70% growth in Cardmembers... read more

Polish regulator takes aim at PayPal “prohibited activities”

25 Nov 22 @ 16:38

UOKiK, the Polish regulator  for Competition and Consumer Protection, is reported to have started proceedings against PayPal over possible prohibited contractual provisions, adding that the possible fine could amount to... read more

JP Morgan gets crypto wallet trade mark…despite CEO

25 Nov 22 @ 12:37

“I personally think that bitcoin is worthless,” Jamie Dimon, chief executive officer of JPMorgan Chase, said in 2022, reiterating a past remark. But the banking giant will offer its clients exposure... read more

Pablo Hernández de Cos: Developing and providing a digital euro

24 Nov 22 @ 17:03

In a recent speech by Mr. Pablo Hernández de Cos, Governor of the Bank of Spain, at the 20th Anniversary Conference of the BIS Representative Office for the Americas, he spoke... read more

A good week for the payments industry crime fighters

24 Nov 22 @ 16:45

It has been a good week for the guardians of the payments industry. We are very often writing of the upward trends in fraud and the latest channels to be... read more

UK credit card market report 2022

24 Nov 22 @ 16:00

The latest report of UK credit card trends — for September 2022 — provides clear signs of consumer indebtedness as the cost of living crisis impacts finances. Analysis of the... read more

Digital Financial Market Infrastructure Consortium reveal thoughts on CBDC

23 Nov 22 @ 18:08

Project New Era is a privately led initiative by the Digital Financial Market Infrastructure Consortium (DFMI), evaluating the path towards a retail Central Bank Digital Currency (CBDC) in the UK.... read more

Soft POS user base to grow 475% globally by 2027

23 Nov 22 @ 17:20

A new study has found the total number of merchants deploying soft POS solutions will surpass 34.5 million globally by 2027, rising from 6 million in 2022. Soft POS enables... read more

Trending

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

Visa turns the card into an identity credential

12 May 26 @ 15:44

Visa has launched a new tap-based authentication technology that could reshape how banks verify customers in mobile banking environments. [caption id="atta... more

Banks to reinforce cyber defences as AI changes the threat model

22 Apr 26 @ 19:36

Banks are hardening their cyber defences as artificial intelligence begins to alter the economics of digital attacks. For financial institutions, the challenge ... more