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THE GLOBAL WALLET WAR: WHO WILL OWN THE CUSTOMER?

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EBA launch EuReCA -a central database for AML and counter-terrorism financing

02 Feb 22 @ 10:40

The European Banking Authority (EBA) has launched its central database for anti-money laundering and counter-terrorist financing (AML/CFT). This European reporting System for material CFT/AML weaknesses, EuReCA, will be central to... read more

SEPA Payment Account Access (SPAA) – developing a new scheme

02 Feb 22 @ 10:25

At its 24 November 2021 meeting, the EPC Board accepted the Euro Retail Payments Board’s (ERP) invitation to act as Scheme Manager for a new SEPA Payment Account Access (SPAA)... read more

Digital Identity revenue to exceed $53 billion globally

01 Feb 22 @ 17:19

A new study has found that revenue for digital identity vendors will exceed $53 billion globally in 2026; doubling from $26 billion in 2021. Digital identity revenue includes third-party and... read more

European Central Bank report on card fraud in the euro area

01 Feb 22 @ 13:12

The latest version of the European Central Bank fraud report is now available. The report, Seventh report on card fraud, analyses trends in card fraud in 2019 as reported by... read more

Why embedded payments are vital for B2B businesses as the digital revolution continues

31 Jan 22 @ 16:58

The last decade has seen massive changes in payments – from the advent of digital wallets and contactless transactions through to the rise of crypto and blockchain-based solutions. The past... read more

Interchange fees argument stoked up again by Merchants Payments Coalition

31 Jan 22 @ 13:13

Just days after announcing monster revenue updates, the thorny issue of interchange fees paid by merchants to the networks and issuing banks is back in the spotlight. In a letter... read more

74% of consumer payments to be handled by non-traditional financial service providers

31 Jan 22 @ 10:16

According to a new study, 74% of consumer payments will be handled by non-traditional financial service institutions (FSIs) by 2030. This figure is an increase from 60% in 2020, putting... read more

Visa, Mastercard and American Express post monster revenue updates

28 Jan 22 @ 15:35

Its earning week! Visa topped $7 billion in quarterly revenue for the first time, buoyed by a quicker-than-expected resumption in travel spending and sustained growth in categories like e-commerce that... read more

Tap on Mobile: Meeting merchant demand for more flexible acceptance

28 Jan 22 @ 11:43

In the second part of a two-part series on Tap on Mobile, PCM spoke to Tim Dziubek, Director of Payment Products at Discover Global Network, to learn more about Tap... read more

Payments Cards & Mobile Jobs of the Week

28 Jan 22 @ 09:30

Are you considering applying for a new role in the next few weeks? We don’t blame you, now is the perfect time to change things up! And we’re here to... read more

PSR publishes final report on card acquiring market review

27 Jan 22 @ 17:27

The UK’s Payment Systems Regulator (PSR) has published its final report into its card acquiring market review. The document sets out the regulator’s conclusion that the supply of card acquiring... read more

Apple closes in on SoftPOS market by allowing iPhones to be POS terminals

27 Jan 22 @ 12:39

Apple is rumoured to be launching a new SoftPOS service that will let small businesses accept payments directly on their iPhones without any extra hardware. The company has been working... read more

Meta (Facebook) forced to sell Diem assets as digital payments ambitions fail

27 Jan 22 @ 12:11

The Diem cryptocurrency project is being forced to sell its assets, as Meta (Facebook) admits defeat in its ambitions in the digital payments space. The Diem Association, which was launched... read more

SEPA Direct Debit – delivering benefit to business across Germany, Austria – and beyond

26 Jan 22 @ 16:35

Launched in 2009 as a key pillar of the Single Euro Payments Area, SEPA Direct Debit (SDD) is an EU initiative that aims to make cross-border direct debits in Europe... read more

Klarna to launch BNPL credit card for physical POS purchases

26 Jan 22 @ 10:36

Just weeks after Buy Now Pay Later (BNPL) firm Klarna looked to shift criticism onto credit card providers as Government prepares to clampdown on BNPL, the outspoken CEO has announced... read more

Tap on Mobile: the digital revolution moves from payment to acceptance

26 Jan 22 @ 09:21

As contactless transactions using cards and digital wallets soar, digital acceptance via mobile, or “Tap on Mobile”, is opening up electronic payments to new merchant categories. PCM investigates the next... read more

JPMorgan starts to spend $12 billion war chest with Viva Wallet stake

25 Jan 22 @ 15:30

In a recent earnings call, JPMorgan Chase, the largest lender on Wall Street with $3.76 trillion (in assets), announced it plans to increase its annual technology budget to $12 billion,... read more

Huawei bypass Google US trade ban to launch NFC wallet with Curve

25 Jan 22 @ 15:06

Huawei has partnered with Curve – the financial app which combines all of your debit, credit and loyalty cards into one, smart card or NFC wallet – so Huawei customers can pay... read more

Trending

Swift launches new framework for cross-border payments

09 Mar 26 @ 14:45

SWIFT has introduced a new international payments framework aimed at significantly improving the speed, transparency and predictability of cross-border retail t... more

Credit’s next competitive frontier beyond top of wallet

12 Mar 26 @ 18:21

For years, the credit card industry has pursued a simple ambition: to become the card a consumer reaches for first. [caption id="attachment_52085" align="a... more

Visa tests the foundations of agentic payments in Europe

17 Mar 26 @ 15:03

Visa is moving to bring agentic commerce closer to commercial reality, launching a new programme with banks across the UK and Europe to test how artificial inte... more