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THE GLOBAL WALLET WAR: WHO WILL OWN THE CUSTOMER?

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Summary: The World Retail Banking Report 2019

31 Oct 19 @ 10:20

Within today’s connected, digital environment, bank executives realise that customer satisfaction standards must stack up not only to those of other firms providing financial services, but also with non-industry businesses... read more

Kroger lifts ban on Visa cards due to interchange fee

31 Oct 19 @ 09:56

Kroger, the US’s largest grocer, says it will reverse three month interchange fee ban on Visa credit cards. “As of today, Kroger now accepts Visa credit cards at all our... read more

Continued growth in China cements UnionPay as the world’s largest card scheme

30 Oct 19 @ 16:55

New research shows that there were 16 billion payment cards in circulation at the end of 2018, up by 10% since a year earlier. The research indicates that financial inclusion initiatives... read more

Report: Payment services for SMEs – Jump-starting digital payment services

30 Oct 19 @ 12:58

Financial inclusion for SMEs is a hot topic for European governments, financial institutions, banking representatives and small business associations. All recognise that SMEs are a significant part of the region’s... read more

Ubers deep push into financial services with Uber Money

29 Oct 19 @ 12:33

Uber is making a strong push into financial services. The company has announced the formation of a new division called Uber Money, which will include a digital wallet and upgraded... read more

Would a subscription-based banking model fend off challenger banks?

29 Oct 19 @ 11:25

It is forecasted that mobile banking is set to be more popular than visiting a high street bank branch within two years. And as the banking industry continues its digital... read more

Consumer purchase volume send Mastercard beyond results expectations

29 Oct 19 @ 10:47

Consumer purchase volume running through the Mastercard network rose by 14% during Q3 2019, accelerating slightly from Q2, driving revenue and earnings per share past Wall Street’s expectations. Revenue at... read more

Transbank selects AEVI to roll out digital in-store solution for business in Chile

29 Oct 19 @ 10:08

Transbank S.A. and AEVI announced a strategic partnership to help Transbank’s customers in Chile deliver omnichannel and digital in-store experiences for their merchants. Founded as a credit card processing intermediary... read more

Digital Identity: What’s the big IDea?

28 Oct 19 @ 17:06

Senior executives, commentators and analysts all agree – a workable digital identity is key to next-generation payments. Without functioning digital ID, the payments revolution will stall. But as state-sponsored national... read more

EMV Secure Remote Commerce takes the spotlight – strong support needed

28 Oct 19 @ 15:44

With the first implementations of EMVCo’s EMV Secure Remote Commerce (SRC) specification entering the ecosystem, now is the perfect time to ask ‘what is EMV SRC and how will it... read more

Know your audience: why age matters in banking

28 Oct 19 @ 13:49

The banking industry is saturated with buzz words and all banks need to be seen to be advocates of these words, whether it’s Open Banking and PSD2, or agile work... read more

Report: International e-commerce will top $3 trillion in 2019

25 Oct 19 @ 12:19

A new Internet Retailer survey and report finds that global e-commerce will top $3 trillion this year for the first time. Online retail sales are projected to grow at compound... read more

Vocalink and LINK extend partnership until 2031

25 Oct 19 @ 11:59

Vocalink has announced that it has signed a new contract with LINK to continue to provide ATM switching and settlement services until 2031. Having been the infrastructure partner to LINK... read more

Passwords the weakest link as GCHQ prevents over 1 million stolen credit cards

25 Oct 19 @ 09:20

The National Cyber Security Centre (NCSC), a division of intelligence agency GCHQ, 2019 report revealed that the scheme Operation Haulster automatically flagged details of more than 1 million stolen credit... read more

European payments industry forms new association: Payments Europe

22 Oct 19 @ 20:00

European and global card-based payment solution providers are coming together to strengthen the voice of the industry and to form a new association: Payments Europe. The new body represents card... read more

Major payments networks hit back with One-Click payments platform

22 Oct 19 @ 11:31

The world’s biggest card networks — including Visa, Mastercard, American Express and Discover Financial Services — have joined forces to create a new one-click payments button, using the EMVCo’s EMV... read more

Finance sector feels negative impact of cloud migration

22 Oct 19 @ 11:17

Research has found that 86% of finance companies say that a lack of ability to migrate legacy apps to the cloud is impacting their business negatively, despite 85% viewing digital... read more

EBA extends SCA deadline to December 2020

18 Oct 19 @ 13:44

After a period of deliberation during which many of the Financial Conduct Authorities or European country equivalents authorised their own delays, the European Banking Authority (EBA) has elected to move... 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