17 Jan 20 @ 09:49

In what was another record-breaking year, investments in the UK tech sector soared to £10.1 billion ($13.2 billion) in 2019 – a £3.1 billion increase on 2018’s very strong figures... read more

17 Jan 20 @ 09:09

Equifax’s failure to patch a known web application security flaw—that later proved to be the root cause of the its massive data breach in 2017—is $1.38 billion. Equifax has agreed... read more

15 Jan 20 @ 13:37

App Annie has released The State of Mobile 2020 report. This annual appraisal provides insight into mobile’s expansive impact across industries and the global economy, highlighting publishers and brands that... read more

15 Jan 20 @ 09:59

Visa says that participants in Visa Token Service (VTS) are estimated to process a combined e-commerce volume of $1 trillion, marking a significant opportunity in its efforts to make digital... read more

14 Jan 20 @ 16:55

As much as 15% of North American banks’ payments revenue — $88 billion — is likely to be displaced by the growth of digital payments and competition from non-banks, as... read more

14 Jan 20 @ 13:33

The global smart card market is expected to exceed $65 billion by 2025. The rise in privacy and data security concerns in financial transactions will drive the industry growth over... read more

14 Jan 20 @ 09:35

Visa has announced it has signed a definitive agreement to acquire Plaid, an Open Banking network that makes it easy for people to connect their financial accounts to the apps... read more

13 Jan 20 @ 17:58

Since 2015, annual AML (Anti Money Laundering) penalty figures have been steadily rising each year. Multi-million dollar fines have been commonplace for a while, but we are now seeing more... read more

13 Jan 20 @ 16:38

A new academic study by GroundAI into online consent management platforms has concluded many of them are ignoring the EU’s GDPR rules. The study was conducted by a consortium of... read more

13 Jan 20 @ 15:00

MyBank, the pan-European payment platform that allows users to pay online via immediate bank transfer through their internet banking, closed out a record year reaching more than €15 billion in... read more

10 Jan 20 @ 17:19

Firms need to take action now as new Fifth Money Laundering Directive rules aimed at tackling money-laundering came into force today (Friday 10 January). These place increased importance on the... read more

09 Jan 20 @ 20:43

The cyber attack on foreign exchange provider Travelex demonstrates the growing threat of ransomware and is a warning that financial services firms need to step up their security, according to... read more

09 Jan 20 @ 20:22

The People’s Bank of China, it’s central bank says it has accepted an application from a unit of American Express regarding starting operations in China – clearing a major hurdle... read more

08 Jan 20 @ 14:12

JPMorgan has become the first major bank to crack down on FinTech apps using customer passwords to access their bank accounts, forcing tougher security standards via token after Jamie Dimon... read more

08 Jan 20 @ 13:31

In a sensible setback, the Australian Competition & Consumer Commission (ACCC) has delayed the roll out of  Open Banking reforms in Australia by six months, because of the consumer regulator’s... read more

07 Jan 20 @ 15:19

On Thursday the 2nd January the Travelex sites went down after the foreign currency service discovered it had been hit by a software virus. The company said it had immediately... read more

07 Jan 20 @ 13:39

Developments in technology leading to contactless payment cards have led to several trends in the past years. POS payments grew stronger while cash withdrawals at ATM by card declined; card... read more

07 Jan 20 @ 12:45

Payment fraud prevention is an increasingly complicated and constantly evolving business. Issuers and merchants everywhere are being challenged by a growing variety of payment methods, which are fuelling the rise... read more