21 May 20 @ 12:58

Banque de France, the French central bank, has completed what it is calling the first successful test of a digital euro, as part of its ongoing experiments with central bank... read more

20 May 20 @ 10:55

The 2020 Identity Fraud Report reveals financial institutions’ methods to identify and respond to fraud are no match for criminals’ high-tech schemes to hijack consumer accounts. Fraud losses grew 15%... read more

20 May 20 @ 07:58

Facebook has unveiled a service that puts it in direct competition with Amazon and eBay pushing its 2.6 billion users onto its platform, Facebook Shops, which allow sellers to create... read more

19 May 20 @ 18:58

PayPal has rolled out the ability to use a QR code to buy and sell goods in 28 markets around the globe. From farmers markets to selling secondhand goods –... read more

19 May 20 @ 14:25

EasyJet has revealed that the personal information of 9 million customers was accessed in what the low-cost airline is describing as a “highly sophisticated” cyber-attack. The company announced that email... read more

19 May 20 @ 08:11

First Data Merchant Services and a former executive have been forced to pay more than $40 million to settle a claim by the Federal Trade Commission that the company processed... read more

18 May 20 @ 15:30

Visa has been reported to have filed an application to create digital currency on Ethereum blockchain with the United States Patent and Trademark Office. According to the application published May 14 —... read more

18 May 20 @ 10:39

EuroCommerce Director-General Christian Verschueren has pressed the European Commission to act on the growing problems facing retailers and wholesalers resulting from the limited scope of the Interchange Fee Regulation (IFR).... read more

18 May 20 @ 07:00

New ID verification (IDV) solutions are emerging that revolve around mobile phone ownership and possession together, thereby detecting both stolen numbers and fraudulent numbers when performing a phone number check.... read more

14 May 20 @ 12:04

Diebold Nixdorf has succumbed to a ProLock ransomware attack that is reported to have disrupted some operations. First reported by Krebsonsecurity, the ransomware attack struck the company April 25 and... read more

14 May 20 @ 10:54

Mastercard is facing a claim of up to £14 billion in a landmark UK collective action case over interchange fee charges that were passed on to shoppers. This week, a... read more

14 May 20 @ 10:11

Mastercard has updated its operating metrics with an additional two weeks of information, in which it is monitoring the impact of the COVID-19 pandemic and related actions being taken by... read more

13 May 20 @ 15:37

The sudden boom in e-commerce caused by government mandated social distancing and in-store business closures is already generating a sharp increase in fraud and chargebacks. “In the past few weeks,... read more

13 May 20 @ 10:29

I think that the fact that COVID-19 has ravaged economies and industrial sectors does not need to be mentioned again, however the impact on FinTech is now starting to be... read more

12 May 20 @ 13:25

As the world comes to terms with the impact that the COVID-19 pandemic continues to have on the health and lives of many, some are left wondering exactly what the... read more

12 May 20 @ 13:07

Yesterday, Bitcoin went through a much-hyped adjustment that reduced the rate at which new coins are created. The world’s biggest cryptocurrency’s so-called “halving” happens roughly every four years. Halving cuts... read more

11 May 20 @ 16:03

Ingenico Group, Nets Group, Nexi, and Worldline have announced the launch of an EU advocacy alliance bringing together Europe’s independent payment services providers. The “European Digital Payments Industry Alliance” (EDPIA)’s... read more

11 May 20 @ 15:35

The European Central Bank (ECB) says it will look into what a retail central bank digital currency (CBDC) form of the euro might look like. The ECB set up a... read more