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THE GLOBAL WALLET WAR: WHO WILL OWN THE CUSTOMER?

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Chinese card payments market skyrockets – Australia subdued from COVID

27 Jan 21 @ 17:33

Card payments in China have been on a sustained growth path for the last few years. While the growth has been somewhat affected by COVID-19, it is still forecasted to... read more

Worldline deepens its stablecoin play with launch of “DaVinci Gold” token

27 Jan 21 @ 15:47

Worldline has announced a strategic co-operation with Gold Global Currency, to offer the DaVinci Gold token based on Worldline’s stablecoin management infrastructure. This initiative further expands the capability of Worldline’s... read more

Neobanks in South America – a review of the current landscape

27 Jan 21 @ 13:09

South America has witnessed exceptionally dynamic growth and evolution of its neobanks landscape, with now more than 30 live digital banks that serve over 50 million customers out of the... read more

Mastercard enhances contactless payments by applying quantum tech

26 Jan 21 @ 18:04

Mastercard says it will enhance contactless payments by applying the latest quantum-resistant technologies. Mastercard says it has designed the Enhanced Contactless (Ecos) specifications to increase the security and convenience of... read more

UK fraud levels now at “epidemic” level and should be a “national security” threat

26 Jan 21 @ 15:18

Fraud in the UK has reached epidemic levels and should be seen as a national security issue, according to think tank the Royal United Services Institute (RUSI). Driven in part... read more

Irish banks’ payments app Synch hits regulatory road bump

25 Jan 21 @ 13:28

The recent announcement from a group of Irish banks to set up an instant money-transfer app called Synch, has hit a regulatory block, as the Competition and Consumer Protection Commission... read more

Mastercard hikes up interchange fees for non UK merchants

25 Jan 21 @ 11:20

Mastercard has announced that it will raise interchange fees by about five times the current limit when a UK card holder uses a debit or credit card to buy from... read more

ACI stock shoots up amid strategic sale rumours

22 Jan 21 @ 15:42

There are strong rumours out of the US that activist investors are forcing ACI Worldwide to put itself up for sale or consider other strategic options, according to bankers and private-equity... read more

Infographic: Digital fraud trends for 2021

22 Jan 21 @ 15:20

The events of 2020 created no shortage of challenges for fraud teams. With quarantines and lockdowns looming for much of the year, millions of consumers turned to digital channels to... read more

Mobile outperforms 2020 expectations with consumers spending $143 billion on Apps

22 Jan 21 @ 13:28

App Annie has released The State of Mobile 2021 report. This annual appraisal provides insight into mobile’s expansive impact across industries and the global economy. 2020 accelerated mobile adoption as... read more

Cross-border real-time payment tracker for both payers and payees

22 Jan 21 @ 12:50

iBanFirst has launched a ‘Payment Tracker’ – a real-time payment-tracking service that sets new transparency standards for the payments industry. Rolled out to both payers and payees, this unique feature... read more

Bitpanda launches debit card that combines all assets into one card in real time

20 Jan 21 @ 16:31

Bitpanda is now taking pre-orders for their first physical product – the Bitpanda Card, facilitated by Visa. The card is linked to any asset in a user’s Bitpanda portfolio, allowing... read more

Capital One fined $390 million for anti-money laundering failures

20 Jan 21 @ 16:15

Capital One has picked up a $390 million penalty from the Financial Crimes Enforcement Network (FinCEN) for engaging in both “wilful and negligent violations of the Bank Secrecy Act (BSA)... read more

PayPal wins Chinese payments race with full ownership of payment business

19 Jan 21 @ 17:21

PayPal has manged to fend off serious competition and achieve what no other foreign company has been able to do to date becoming the first foreign operator with 100% control... read more

PBOC extends CBDC pilot to include contactless and NFC wearables

19 Jan 21 @ 12:56

The People’s Bank of China (PBOC) is reported to be extending its central bank digital currency (CBDC) pilot include a contactless wallet and NFC wearables to enable users to make... read more

Turkish banks collaborate to launch single ATM network

18 Jan 21 @ 15:37

Turkish banks and state owned lenders are reported to be cooperating to create an ATM network that will put all Turkish ATMs under one joint brand. ING Turkey, the Dutch banking... read more

Irish banks form alliance for faster payments app Synch

18 Jan 21 @ 09:00

Four of Irelands largest banks are joining forces to launch an instant payments digital payment app, dubbed Synch, that they intent to promote to help fend off the threat posed... read more

Banking regulation needs a reset to remove Big Tech’s advantages

15 Jan 21 @ 16:50

As the new year begins, and we try to rebuild our economies, we need to rethink the way we regulate finance. That is because the challenges posed by the COVID-19... read more

Trending

Visa turns the card into an identity credential

12 May 26 @ 15:44

Visa has launched a new tap-based authentication technology that could reshape how banks verify customers in mobile banking environments. [caption id="atta... more

Bank of England Warns DLT Complexity in Settlements

18 May 26 @ 17:07

The Bank of England has found that distributed ledger technology could improve aspects of wholesale payments and settlement, but only at the cost of significant... more

E-commerce payments enter the age of managed complexity

11 May 26 @ 19:54

The global e-commerce payments market is no longer simply a story of digital adoption. It is becoming a test of operational control. [caption id="attachmen... more