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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

23 Sep 22 @ 15:53

NCR has announced that its Board of directors has unanimously approved a plan to separate NCR into two independent publicly traded companies – one focused on digital commerce business and the... read more

23 Sep 22 @ 14:44

Finastra and Visa announced a Banking as a Service (BaaS) collaboration to co-develop new functionality on its Payments Hub solutions and implement Visa Direct2 – which provides access to more... read more

23 Sep 22 @ 12:55

A new study has revealed that Revolut is the most searched digital bank service in Europe. The study analysed a comprehensive list of digital bank services available in Europe through... read more