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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

NCR board announces it will split into two separate entities

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

Finastra and Visa announce global BaaS offering

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

The most searched digital banks in Europe

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

Is it ever appropriate to use emoji at work?

23 Sep 22 @ 09:45

They may have originated on Japanese mobile phones in 1997, but by now, emoji are everywhere thanks to their inclusion across most mobile phone operating systems. There are 3,633 standardised... read more

Web3 and “the merge” what does it mean for the payments industry?

22 Sep 22 @ 16:25

Crypto enthusiasts believe, the switch by the Ethereum blockchain to a new system for validating transactions — a move known as “the merge” — is an historic moment for what... read more

Rising rates and low growth beginning to hit payments industry

21 Sep 22 @ 20:06

PCM considers the impact of stagnant or declining economic growth, rising interest rates and growing regulatory strictures on the payments industry. As conditions worsen to a point not seen in... read more

Digital ticketing transaction value to reach $1.4 trillion

21 Sep 22 @ 19:07

A new study has found that the global digital ticketing transaction value will reach $1.4 trillion in 2027; up from $768 billion in 2022. This growth of 78% over the... read more

The Credit Card Competition Act – Breaking Visa and Mastercard dominance in US

21 Sep 22 @ 16:34

Last week, 1,668 retailers and more than 200 trade organisations urged the US Congress to pass the The Credit Card Competition Act, which gives merchants a choice in the routing... read more

Dispute Resolution: Banks are ignoring the customer, and it’s costing them

20 Sep 22 @ 14:33

A new white paper by leading European banking infrastructure provider Nets says banks must do more to make initiating a disputed transaction easier for customers. Failure to do so will... read more

Global payments card spending reaches $42 trillion

20 Sep 22 @ 12:40

Debit cards drive payments card growth as contactless usage continues to rise and consumer spending recovers after the height of the pandemic. Card usage will keep growing as new spending... read more

Citibank has lucky escape over $500 million transfer as Judge overturns ruling

20 Sep 22 @ 11:10

Citibank has been told it is entitled to recoup $500 million that it accidentally wired Revlon, a US appeals court has announced. Reversing a lower court ruling, the 2nd U.S. Circuit... read more

Pan-European payments pilot for EU digital ID wallet

19 Sep 22 @ 11:08

A new multi-country consortium of Europe’s most trusted identity experts has announced its proposal to deliver a large-scale, cross-border payments pilot strongly aligned with the aims of the European Commission’s... read more

ECB selects companies for prototyping of digital euro

19 Sep 22 @ 10:55

The European Central Bank (ECB) has announced the list of collaborators  they will contract with to develop potential user interfaces for the digital euro. The aim of this prototyping exercise... read more

Nordic mobile wallets mega merger blocked by EC

19 Sep 22 @ 10:41

Back in June 2021, Norwegian Vipps, Danish Mobilepay and Finnish Pivo announced that the three mobile wallets would merge. Late last week it emerged that Pivo, owned by OP Bank... read more

UK embraces digital banking – Europe still trailing behind

14 Sep 22 @ 16:56

UK consumers are significantly ahead of their European counterparts in their embrace of digital banking, new data shows. The research, commissioned by Europe’s leading provider of consumer and business credit... read more

Embedded finance transaction value to more than double to $7 trillion

14 Sep 22 @ 12:40

Embedded finance, the integration of value-added financial services into software offerings, is set to redefine how consumers and businesses build and manage relationships with financial services, according to new research and... read more

M&A in FinTech remains stable as gravity returns to valuations

14 Sep 22 @ 12:06

It has been a conflicting week in the M&A market and the broader FinTech investment scene. UK FinTech investment fell to $9.6 billion in H1 2022, down from $27.8 billion... read more

Trending

Mastercard and BVNK Launch Platform Linking Fiat and Stablecoin Payments

20 Oct 26 @ 09:06

Mastercard has launched a new platform with BVNK that brings fiat currencies and stablecoins together through a single API, marking the first major integration ... more

Visa Builds Agentic Commerce Infrastructure as Credentials Reach 5.2 Billion

29 Oct 26 @ 19:39

Visa is expanding its payments infrastructure around agentic commerce, stablecoins and tokenisation as its global credential base reaches 5.2 billion and ... more

Starling Builds UK-Sovereign AI Model With Nvidia and Civo

15 Oct 26 @ 19:41

Starling is developing a transactional foundation model with Nvidia that will be trained and hosted entirely within a UK sovereign cloud, as the digital bank lo... more