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Paytm raises a further $1 billion giving it a $16 billion valuation

25 Nov 19 @ 12:37

Paytm has announced new funding from existing shareholders like SoftBank Group Vision Fund and new investors, as competition in India’s digital payments and finance sector heats up. Though the company... read more

ABN Amro discontinue mobile wallet app – another one bites the dust

22 Nov 19 @ 14:25

ABN Amro has recently announced it will discontinue is Android based mobile wallet – joining a ever growing list of deceased mobile payment platforms. In October PCM reported that JP... read more

Two-thirds of consumers do not understand how personal data is used

22 Nov 19 @ 14:00

As consumers become more aware of their personal data, its value and how it is used it has become a key concern. The latest APEX report reveals the key marketing challenges... read more

The hashtags that could land you in jail

22 Nov 19 @ 09:26

Research from Santander and former fraudster Tony Sales has exposed the dangerous hashtags on social media being used by criminals to recruit innocent – and particularly young – people into... read more

Basel Committee Open Banking report focuses on customer-permissioned data sharing

20 Nov 19 @ 10:57

Open banking is an evolving trend in many jurisdictions and authorities have responded by taking a broad range of actions in recent years. In its recent, the Basel Committee on... read more

Only 9% of the world’s top tier banks are effectively monetising payments data

19 Nov 19 @ 15:54

Only 9% of the world’s top tier banks are effectively monetising payments data. The findings from Aite Group’s report “The Payments Transformation Race: Criteria for Success”, commissioned by Icon Solutions,... read more

Realtime payments offer immense potential for banks and FinTechs globally

19 Nov 19 @ 12:36

New research from Emerging Payments Association reveals that realtime payments are growing rapidly in the UK and deploying widely worldwide, signifying potential for business payments for banks and FinTechs. The... read more

Elavon acquires Sage Pay

18 Nov 19 @ 16:16

As the payments market consolidation continues, Elavon has agreed to acquire Sage Pay, a well-known and established payments gateway business in the UK and Ireland. Sage Pay is a division... read more

FTC targets Visa and Mastercard in Debit card transactions enquiry

18 Nov 19 @ 10:51

The Federal Trade Commission (FTC) has initiated a preliminary inquiry on Visa and Mastercard for possibly prohibiting merchants from using other debit networks, Bloomberg Law reports. The regulator is looking... read more

Apple Pay warning on changing laws to open up mobile payments

18 Nov 19 @ 09:25

Apple has warned that recent changes in German law which will effectively force it to open up its Apple Pay mobile payments system to rivals could hurt data protection and... read more

Invisible payments to take the stage as the new e-commerce norm

18 Nov 19 @ 09:00

The future of commerce lies in instant and invisible payments, triggered by the needs and demands of today’s modern consumers: millennials and Gen Z. By 2020, the spending power of... read more

Facebook Pay: Social giant moves to consolidate fragmented payments platforms

14 Nov 19 @ 16:00

Facebook is consolidating its payment processing for Facebook, Messenger, Instagram and WhatsApp into one brand called Facebook Pay. Deb Liu, Facebook’s VP of marketplace and commerce, says that the singular brand... read more

Could the EU launch its own digital Euro

14 Nov 19 @ 13:49

The European Central Bank (ECB) is considering the infrastructure to deploy its own digital Euro currency as a rival to, as an example, Facebook’s Libra, a draft document from the... read more

Compliance with the FCA guidance on safeguarding customer funds is a must

14 Nov 19 @ 09:23

Compliance with the FCA’s recent guidance on safeguarding customer funds must be adhered to fully by Non-Bank Institutions(NBIs) – because it’s good for business, and essential to protecting and enhancing... read more

What fraud teams need to know about Joker’s Stash

13 Nov 19 @ 18:35

The ecosystem for stolen credit card information comes in several varieties, ranging from low-tier markets selling recycled cards from past breaches, to those at the top tier, with unused card data that... read more

OpenWay improves speed-to-market for acquirers with WAY4 Acquiring Start

13 Nov 19 @ 15:38

OpenWay has unveiled WAY4 Acquiring Start, an off-the-shelf acquiring solution. It helps banks, processors, PSPs, and retailers launch merchant acquiring – from idea to production – within a few months.... read more

PEPSI: A European payment system to rival Visa and Mastercard?

12 Nov 19 @ 14:18

Twenty European banks are reported to be working on setting up a pan-European payment system in order to challenge the perceived dominance of Visa and Mastercard as well as technology... read more

Open Banking: Consumer appetite for new banking services

12 Nov 19 @ 12:03

Around the world, banks are opening up their customers’ financial data (with the customers’ consent) to third parties through application programming interfaces (APIs). The global trend of Open Banking allows... read more

Trending

Revolut eyes an IPO, but the valuation story is the real headline

21 Apr 26 @ 14:35

Revolut is beginning to sound more like a future public market heavyweight than a fast-growing European fintech. Chief executive Nik Storonsky has said the com... more

American Express launches agentic commerce developer kit

16 Apr 26 @ 11:46

American Express is positioning itself early for what could become one of the next major shifts in digital payments: AI agents that do more than recommend produ... more

Banks to reinforce cyber defences as AI changes the threat model

22 Apr 26 @ 19:36

Banks are hardening their cyber defences as artificial intelligence begins to alter the economics of digital attacks. For financial institutions, the challenge ... more