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THE GLOBAL WALLET WAR: WHO WILL OWN THE CUSTOMER?

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US banks pay $1 billion in ransomware in 2021

10 Nov 22 @ 17:00

US banks have reported they have collectively made more than $1 billion in ransomware-related payments in 2021 — more than double the amount from the previous year and the most... read more

Has Elon Musk set his sights on the payments industry via Twitter acquisition?

09 Nov 22 @ 18:01

Elon Musk has taken over as CEO of Twitter. There may be many reasons why the worlds nuttiest (richest) man paid $44 billion for the loss making enterprise including to... read more

Amazon threatens to derail the card network train with Venmo

09 Nov 22 @ 17:23

The news that Amazon will now allow its US customers to make payments through Venmo alongside the card schemes at its checkout is momentous. While Amazon already offers many payment... read more

World Payment Report 2022

09 Nov 22 @ 13:36

The latest edition of the World Payment Report 2022 is now live. As we can all acknowledge, work, shopping, travel, entertainment, services, and commerce all look a bit different from... read more

Worldline to acquire Banco Desio merchant acquiring activities

08 Nov 22 @ 13:45

Worldline has signed of a binding agreement for the acquisition of Banco Desio’s merchant acquiring activities and the planned set-up of a commercial partnership aiming to leverage Banco Desio’s banking network in order to distribute... read more

Study reveals password usage still dominates financial services

07 Nov 22 @ 18:02

The FIDO Alliance published its second annual Online Authentication Barometer, which gathers insights into the state of online authentication in 10 countries across the globe. New to the Barometer this... read more

Billions of dollars being spent by individuals and corporation in Metaverse land grab

07 Nov 22 @ 11:27

Nearly $2 billion (£1.75 billion) has been spent in the Metaverse on virtual land in the past 12 months, as people and companies race to get a foothold in the... read more

Interview: The trends accelerating biometric payment card adoption

07 Nov 22 @ 10:37

2022 has witnessed biometric payment card adoption reach new heights. Multiple recent launches in the Middle East highlight the technology’s global interest, but what external factors are accountable for this... read more

BIS and central banks explore cross-border CBDC using DeFi

04 Nov 22 @ 12:18

The BIS Innovation Hub is launching a new project around central bank digital currencies (CBDCs) and Decentralised Finance (DeFi) protocols as part of its 2022 work programme. Project Marianaexplores automated market... read more

Report: Millennials lead Gen Z for FinTech adoption

04 Nov 22 @ 11:30

A new study from FIS finds Millennials in the US are more open to adopting new and digitally-oriented financial experiences, including those enabled through embedded finance experiences than other generational... read more

5 signs you know your job is secure

04 Nov 22 @ 09:45

If Elon Musk’s acquisition of Twitter has taught us anything, it’s that no job—even at C-suite level—is 100% secure. Just ask Twitter’s former CEO Parag Agrawal and other top company... read more

Card-based vs modern payments platforms: What are you banking on?

03 Nov 22 @ 18:20

The reshaping of the payments ecosystem over the last two decades can broadly be divided into two symbiotic movements driven by technology; the evolution of how people pay, and the... read more

An analysis of what’s next for Europe’s MiCA law

03 Nov 22 @ 18:05

The European Union is set to be the first major jurisdiction in the world to agree how to regulate the digital asset sector, via its Markets in Crypto Assets regulation... read more

When developing digital products and services, quality is king

02 Nov 22 @ 18:14

Faced with intense competition and a need to grow market share and raise margins, FinTechs and neobanks are looking to launch new products and services. As Adrian Marinică, Technical Manager... read more

75% of European banks to move parts of payments value chain to SaaS

02 Nov 22 @ 11:17

A new study from Tietoevry Banking reveals that European banks will accelerate outsourcing in response to the rapidly changing end-user payment pattern and competitive landscape. The European banking payment landscape... read more

Klarna Australia adds to company woes with “catastrophic” losses

01 Nov 22 @ 17:56

Klarna Australia has added to the already disastrous set of reporting from its main company by reporting $56 million in losses last year. The result has been described as “catastrophic”... read more

Three-quarters of European banks to outsource payments infrastructure

01 Nov 22 @ 15:00

A new study from leading banking and payments infrastructure specialists Tietoevry Banking reveals that almost three-quarters (73.2%) of European banks intend to outsource parts of their payments infrastructure over the... read more

One in eight consumers have experienced BNPL fraud in UK

01 Nov 22 @ 14:17

New research shows that only a third of UK consumers trust Buy Now Pay Later (BNPL) services to protect their data having suffered BNPL fraud. The UK study, by Callsign,... 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