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European Payments Initiative hits troubles as majority of Banks leave

22 Mar 22 @ 09:37

In late December troubling reports emerged surrounding the European Payments Initiative (EPI) as some European lenders were holding off their plans to join the project. EPI Interim Company, tasked with... read more

PCM feature: Can Russian payments weather the storm?

21 Mar 22 @ 15:53

Alongside a host of other Western companies, PayPal, Mastercard, Apple and Visa have pulled out of the Russian payments market following Russia’s invasion of Ukraine, with major banks such as... read more

62% of merchants are seeing new fraud types emerge

21 Mar 22 @ 15:00

Merchants experienced more fraud in 2021 than 2020, with new types of fraud affecting 62% of merchants. Online payment fraud continues to be the biggest threat with 20% more businesses... read more

NYC debuts first Non-Fungible Token ATM

21 Mar 22 @ 14:48

They say timing is everything… One assumes, in a bid to cash in on the Non-Fungible Token (NFT) craze that was (prior to a monster sell off), New Yorkers interested in... read more

A guide to the European Regulation on Markets in Crypto-assets (MiCAR)

18 Mar 22 @ 10:48

The regulation of crypto assets and related services is still not treated uniformly in the European Union and resembles more a patchwork of regulatory fragmentation. Although the fifth Anti-Money Laundering... read more

Financial App usage explodes – Crypto and BNPL surge

18 Mar 22 @ 10:20

The 2021 State of Finance study from App Annie reveals just how fast the world of personal finance is going digital. Within this revolution, buy-now-pay-later and cryptocurrency services are growing... read more

Payments Cards & Mobile Jobs of the Week

18 Mar 22 @ 09:42

Are you looking for a new job at the moment? Well, you’ve certainly come to the right place. We have a whole host of really exciting tech roles on our... read more

Brazil’s central bank actively working of CBDC and crypto

17 Mar 22 @ 17:23

The Central Bank of Brazil (BCB) has announced plans to start a pilot program of a central bank digital currency (CBDC). In September, the BCB told the Brazilian Senate that it planned... read more

Open Banking: The changing rules on 90 day re-authentication

17 Mar 22 @ 17:10

Open Banking got started back in 2018 thanks to ground-breaking regulations (PSD2), that gave consumers the right to access their bank account data using third parties called account information services providers... read more

Average contactless payment increases 30% since new limits introduced

16 Mar 22 @ 15:51

December 2021 card spending data from UK Finance reveals that the average amount spent per contactless card transaction rose by almost 30% following the contactless spending limit increasing from £45 to... read more

Amex sets sights on Metaverse landgrab with patent filing

16 Mar 22 @ 12:46

American Express is making what appears to be a landgrab for what some see as the next big market for payments – the metaverse. The company has filed trademark applications for... read more

NFT market implodes – Is anyone surprised?

16 Mar 22 @ 12:24

The more astute of you will know that there has been a substantial, if slightly perplexing rise, in the Non-Fungible Token or NFT market in the last 18 months. Perplexing... read more

US retailers falling behind as global cross-border e-commerce market expands

15 Mar 22 @ 15:58

Cross-border e-commerce was growing even before the pandemic struck. Lockdowns, travel restrictions and the wholesale disruption of existing brand loyalties over the last two years have given it a further... read more

Fabio Panetta on central bank digital currencies and digital euro

15 Mar 22 @ 13:19

Fabio Panetta, Member of the Executive Board of the ECB, was recently involved in a panel to discus central bank digital currencies at the US Monetary Policy Forum in New... read more

Europeans don’t want cash – Trust cards over e-wallets

15 Mar 22 @ 12:44

A new report by card industry body Payments Europe claims Europeans would welcome government intervention to mandate electronic payment. The report also says that, while instant, or account-to-account, payments are... read more

Ex-Wirecard CEO, Markus Braun, charged with fraud

14 Mar 22 @ 15:52

German prosecutors have charged Wirecard’s former chief executive, Markus Braun, and two other former senior executives with suspected market manipulation, fraud, breach of trust and accounting manipulation of the company’s... read more

Former UK “Unicorn” Ve Global hits financial difficulties

14 Mar 22 @ 15:38

Former UK Unicorn Ve Global has announced that it is in “financial distress” five years after it was bought out of administration. The company has launched an accelerated sales process... read more

Russian bank closures disrupt European banking operations

14 Mar 22 @ 13:22

Russia’s attack on Ukraine and the resulting economic sanctions have already impacted European banking in several ways, many of which are indirect. One potential impact is in the form of... 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