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THE GLOBAL WALLET WAR: WHO WILL OWN THE CUSTOMER?

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Why the EU delivered an AI strategy to support business and citizens

28 Feb 20 @ 09:24

The European Commission recently unveiled a detailed set of proposals that it hopes will establish the region as a leader in AI (artificial intelligence) by focusing on trust and transparency.... read more

The Riksbank in Sweden launches e-krona pilot

26 Feb 20 @ 17:36

The Swedish central bank has announced a trial for an e-krona targeted at the general public. The solution is developed by Accenture using the Corda enterprise blockchain. The central bank... read more

Global mobile wallet market value set to reach $1 trillion in 2020

26 Feb 20 @ 11:29

According to new data, the entire mobile wallet market is set to become a $1 trillion worth industry in 2020, growing by a massive 36.5% year-on-year. The strong rising trend... read more

US e-commerce market slowing with growth slipping to 6.4%

26 Feb 20 @ 11:03

US e-commerce retail sales grew significantly slower year over year in January 2020 than in December and for 2019 overall, according to the U.S. Department of Commerce advance monthly figures.... read more

Intuit agrees $7.1 billion price tag to acquire Credit Karma

25 Feb 20 @ 12:45

Intuit, which already owns TurboTax and QuickBooks, has agreed to buy credit report provider Credit Karma for $7.1 billion as consolidation sweeps the financial technology industry. The deal highlights the... read more

Elavon to sell Mexican acquiring operation to Santander

24 Feb 20 @ 09:25

Elavon says it will divest its Mexico-based operations to Santander. The deal, subject to regulatory approval, is expected to close in the next few weeks. Elavon currently provides payment processing... read more

Apple Pay set to account for 10% of all global card transactions by 2025?

21 Feb 20 @ 16:11

Apple’s mobile wallet is growing very fast and taking a chunk of card payments around the world with it. Apple Pay accounts for about 5% of global card transactions and... read more

RANKED: The countries most at risk of cyber crime

21 Feb 20 @ 12:25

The severity of cyber-breaches and cyber crime has become more and more intense in recent years. As a result, security experts at Specops Software sought to find out which (Western)... read more

Why banks and merchants must consider local and alternative payments

21 Feb 20 @ 12:14

As an online merchant, it can be hard enough to get the basics right – from choosing the best vendors to power your online store, through to the endless demands... read more

Russia’s MIR payment network expands into Tajikistan

21 Feb 20 @ 12:07

The acceptance of MIR National Payment System cards has been announced in Tajikistan, opening up access to Russians who live in, or travel to, the country. Other countries where MIR... read more

Global technology companies face probe into deals going back a decade

20 Feb 20 @ 11:14

Amazon, Apple, Alphabet, Facebook and Microsoft are facing a new wave of scrutiny over whether they stifled competition by buying up smaller rivals. The Federal Trade Commission has asked the firms... read more

Asia Pacific – Time to rethink your fraud management strategy?

19 Feb 20 @ 10:10

According to PwC’s 2018 Global Economic Crime and Fraud Survey, 61% of banks across the globe experienced an increased volume of external fraud in 2018, with 59% stating that the... read more

Rapyd and Visa team to drive adoption of FinTech services

19 Feb 20 @ 09:34

Rapyd announced a new agreement with Visa that will help Rapyd expand its worldwide business operations. Rapyd will collaborate with Visa to offer FinTech and payment  services where both firms... read more

RegTech: State of regulatory reform 2020

18 Feb 20 @ 15:15

Financial technology has displaced the 2008 financial crisis as the main issue driving the international regulatory agenda and RegTech. As such, it is likely to have a significant influence on... read more

Maxa Online Contactless brings SCA compliant contactless card payments to e-commerce

18 Feb 20 @ 08:30

Maxa has launched the World’s first Strong Customer Authentication (SCA) compliant payment method using contactless payments cards for e-commerce. This solution brings multiple benefits for everyone in the card payment... read more

Digital payments – The next revolution in payments gathers pace …

14 Feb 20 @ 16:14

The love affair between consumers and their mobile phones is leading to explosive growth in new digital payments across Europe. More and more consumers are shopping across borders online and... read more

Coronavirus phishing and malware attacks spreading through banks and FI’s

13 Feb 20 @ 18:36

Beyond the immediate health threat, a new fraud trend has been noticed. With the widespread media attention around the coronavirus, attackers are already using the topic to bait victims into... read more

Macropay launches specialist platform for local and alternative payments

13 Feb 20 @ 16:52

Macropay has announced the launch of a proprietary platform for local and alternative payments which it has developed in-house to strict global standards. The new platform enables thirteen different local... read more

Trending

Visa and Mastercard move to end two-decade swipe fee battle

11 Jun 26 @ 16:00

A landmark legal battle that has shaped the economics of card payments in the United States for more than twenty years has taken another significant step toward... 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

Visa announces €500 Million European Investment Signals Strategic Response to Payments Sovereignty Push

31 May 26 @ 12:59

The debate around European payments sovereignty has intensified significantly over the past two years. Policymakers, regulators and financial institutions acros... more