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Why banks and retailers should develop their own mobile payments solutions

11 Nov 19 @ 09:40

Smartphones are central to our daily lives. We manage our personal and business affairs, watch movies, track our health and, increasingly, make payments. Adoption of mobile payments is rising considerably... read more

Quantum Dawn: Financial industry finishes annual ‘doomsday’ cybersecurity exercise

08 Nov 19 @ 10:55

This week, SIFMA (Securities Industry and Financial Markets Association), held the fifth in its series of exercises meant to simulate a catastrophic cybersecurity event in the banking sector, known as... read more

Fraud attacks increase 30% in Q3 as cybercriminals test stolen credentials in advance of holiday retail season

07 Nov 19 @ 10:44

Fraud increased 30% overall in Q3 2019 and bot-driven account registration fraud is up 70% as cybercriminals test stolen credentials in advance of the holiday retail season. The Q4 Fraud... read more

Apple Pay and Google Pay: Do we need to wrap up warmly?

07 Nov 19 @ 09:00

Mobile payment is possible almost everywhere – both for shops and for consumers. Despite this, comparably few customers pay using their smart phones. Will Apple and Google bring the breakthrough... read more

Alipay and WeChat Pay to support international card schemes in mobile wallet

06 Nov 19 @ 10:14

Chinese payments giants Alipay and WeChat Pay have announced they plan to open up their mobile wallet platforms to international card schemes as regulators ease restrictions. The apps, which dominate... read more

UK consumers give thumbs up to biometric verification

06 Nov 19 @ 09:53

UK consumers are keen to use biometric verification in a wide range of circumstances from online shopping and banking to confirming their age at a pub and even voting in... read more

Tokenisation: A high stakes game for stakeholders

06 Nov 19 @ 09:39

Tokenisation has become an important component of enabling secure payments in Canada, and the payment networks are using it to extend their reach and control over the payments ecosystem, according... read more

Millennials choose payments convenience over security

05 Nov 19 @ 15:34

A survey by Compass Plus has revealed that while millennials rely heavily on their mobile phones, they consider them one of the least secure payment methods. The results show that... read more

The Fifth Anti-Money Laundering Directive – Ready or Not?

05 Nov 19 @ 13:47

The 10th of January 2020 marks the date that the banking and payments industry cannot afford to ignore. It is the date the Fifth Anti-Money Laundering Directive (5AMLD) will become... read more

Mobile banking app most prevalent point of access to services

05 Nov 19 @ 10:51

Marqeta has released results from its digital banking survey, which found that demand for physical bank branches continues to decline as mobile banking platforms offer more seamless access to remote... read more

97% of merchants are already looking to leverage PSD2

04 Nov 19 @ 16:58

Last month, the European Banking Authority (EBA) announced an 18-month delay to the implementation of Strong Customer Authentication (SCA). However, the delay to PSD2 – which follows UK FCA’s own... read more

Governance of payments industry a key trend for 2020

04 Nov 19 @ 14:04

The dynamic payments industry continues to expand and evolve, with digital payment vehicles and transaction volumes growing across the globe. Over the past year, industry incumbents have been responding to... read more

Western Union delivers Open Banking API for global payments

04 Nov 19 @ 09:01

Western Union has deployed full Open Banking application programming interface (API) access to its supporting front-end domestic and international payment applications through its Western Union Business Solutions unit. This new... read more

South Korea launches Open Banking service

01 Nov 19 @ 09:56

South Korea says it has commenced preliminary services for its new Open Banking system, under which a bank customer may use virtually all banking services of any other bank in... read more

Infograph: Cross-border e-commerce sales poised for explosive growth

31 Oct 19 @ 14:54

Online businesses see a world of opportunity for cross-border e-commerce sales and executives are ready to take action. According to The Visa Global Merchant E-commerce Study,  e-commerce leaders globally view... read more

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

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