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THE GLOBAL WALLET WAR: WHO WILL OWN THE CUSTOMER?

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Report: Underscoring the importance of cybersecurity amid shifting fraud threats

07 Oct 22 @ 09:17

Visa has shared an updated look at how fraud has evolved since the height of the pandemic, with criminals simultaneously targeting online and offline vulnerabilities as our daily lives return... read more

5 of Europe’s best workplaces, and why

07 Oct 22 @ 09:00

Recently, Great Place to Work revealed its list of Europe’s Best Workplaces for 2022. In the Multinational rankings, 25 huge companies, many of them household names, came out on top.... read more

56% of FCA regulated firms have not implemented critical Consumer Duty deadline

06 Oct 22 @ 16:15

Businesses are in danger of failing to embrace the opportunity that the upcoming Consumer Duty regulation presents and may not be compliant due to a failure to prepare. New research... read more

The digital euro and the importance of central bank money

06 Oct 22 @ 09:37

More than 340 million Europeans carry euro banknotes and coins around as cash and pay in euro when they shop online. One of the key ECB responsibilities, alongside its main... read more

ABN AMRO introduces ID & pay: e-ID with payment functionality

06 Oct 22 @ 09:29

ABN AMRO says it will introduce a new streamlined product, ID & pay, an app that replaces cumbersome onboarding and payment processes with a single online identification and payment functionality... read more

SWIFT paves way for global use of CBDCs and tokenised assets

05 Oct 22 @ 16:54

SWIFT says that it has demonstrated that Central Bank Digital Currencies (CBDCs) and tokenised assets can move seamlessly on existing financial infrastructure – a major milestone towards enabling their smooth... read more

Class action lawsuit served against Visa and Mastercard to contest interchange fees

05 Oct 22 @ 12:23

A significant class action lawsuit has been served against Visa and Mastercard at the UK’s specialist competition tribunal on behalf of a large number of claimants seeking damages for allegedly... read more

Federal Reserve finalises rule concerning card not present debit card transactions

05 Oct 22 @ 09:00

The Federal Reserve Board has finalised updates to the its rule concerning debit card transactions. Pursuant to statute, the updates specify that debit card issuers should enable at least two... read more

Banks lag behind their corporate clients on blockchain

30 Sep 22 @ 09:26

A new report from leading financial research firm East & Partners in partnership with Payments Cards & mobile, claims banks are lagging far behind their clients’ expectations when it comes... read more

Neobanking Index: The State of Neobanks in 2022

30 Sep 22 @ 09:15

Neobanks have grown immensely as a result of the COVID-19 pandemic and the increased demand for digital financial services. 8% of US adults and millions more people all over the... read more

Turkish banks forced to drop Mir as US sanctions pressure grows

30 Sep 22 @ 09:00

The US has been applying considerable pressure on countries it sees as helping Russia evade the sanctions placed on it due to its invasion of Ukraine. This week, three Turkish... read more

Beyond payments: Why banks need to embrace the super wallet

29 Sep 22 @ 12:35

Traditional banks cannot avoid adapting to the new requirements and desires of their customers if they want to stay relevant. The focus, therefore, should be on creating a compelling mobile... read more

Paym mobile payments service to close

29 Sep 22 @ 12:04

Pay.UK and 15 of the UK’s banks and building societies have announce their decision that Paym, the mobile payments service, will close permanently to customers on 7th March 2023. The... read more

Mobile transaction security is failing – here’s how to fix it

29 Sep 22 @ 11:43

In a new white paper, digital transaction security specialists CyberloQ argue current paradigms for securing mobile transactions don’t work. Failsafe authentication, including laser-focused geolocation technologies, are a must if we’re... read more

Banque de France successfully pilots post-quantum security technologies

27 Sep 22 @ 16:27

The Banque de France has successfully concluded an experimental project to test the implementation of a communication security solution using so-called “post-quantum” algorithms, that are resistant to the computing power... read more

Banks don’t focus enough on user experience in transaction disputes

27 Sep 22 @ 14:22

Recent work[1] by McKinsey and Company has shown that banks improving their customer experience generate more revenue than their peers. While customer service, especially in the digital channel, has been... read more

Two more Central Banks announce CBDC intentions

26 Sep 22 @ 17:17

As we know, Central Banks around the world are, for the majority, looking at running pilots or proof of concepts on CBDC. The Hong Kong Monetary Authority (HKMA) has now... read more

Reserve Bank of Australia shifts position on Least Cost Routing

26 Sep 22 @ 12:56

The Reserve Bank of Australia (RBA) has announced a marked change in its position on Least Cost Routing (LCR) – how banks and credit card companies prioritise payments in the... 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