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THE GLOBAL WALLET WAR: WHO WILL OWN THE CUSTOMER?

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European companies feel safer from but spending less on data security

23 May 19 @ 12:08

Digital transformation (DX) is fundamentally impacting the global economy and so is the changing face of data security, and Europe is no exception. Digital transformation facilitates new and transformative ways... read more

Fnality: global banks invest $50 million in digital cash settlement project

23 May 19 @ 10:57

Recent reports have announced that several large global banks are in the process of investing around $50 million to create Fnality, a digital cash system using blockchain technology to settle... read more

UK Open Banking initiative stalling due to bank led outages

23 May 19 @ 09:22

Reviewing the public available data which the Open Banking Implementation Entity (OBIE) publish on their API monitoring tool, 62% of banks have shown a decrease in Open Banking availability to... read more

Global ATM numbers decrease for the first time as demand for cash eases

22 May 19 @ 08:57

New research indicates that the number of ATMs installed worldwide fell by 1% in 2018, to stand at 3.24 million, impacted by branch closures and the rising popularity of mobile... read more

Study: 1 in 10 banks will disappear over the next 5 years

21 May 19 @ 11:09

A ten-year study has found that the profit of European retail banks/divisions is at an all-time high, driven by a positive economic environment and lower risks (risk costs relative to... read more

Contactless payments continue to rise – £6 billion per month

21 May 19 @ 08:26

Contactless payments are on the rise. Across all markets that have reached a critical mass consumers are starting to understand the value of Tap and Go payments. In the UK... read more

SWIFT trials instant cross-border gpi payments through TIPS

21 May 19 @ 08:25

SWIFT says that a group of banks are to trial instant gpi cross-border payments in Europe using the TARGET Instant Payments Settlement (TIPS) platform. The European Central Bank (ECB) and... read more

Payvision celebrates its 1st anniversary with ING

21 May 19 @ 08:24

Payvision has celebrated its one-year partnership with ING, one of the largest European banks. During the first year, the ING-Payvision partnership brought forward an exclusive blend of payments and banking... read more

New WTO rules for e-commerce raise concerns for some countries

20 May 19 @ 17:04

The EU, US, Japan and China are among 76 members of the World Trade Organization (WTO) that launched negotiations to set future rules and obligations in e-commerce in January at... read more

Alipay continues mobile payments expansion with 300,000 merchants in Japan

20 May 19 @ 16:48

Alipay, the mobile payments arm of Alibaba Group has signed up more than 300,000 retailers in Japan to its m-payments service to serve the growing number of Chinese tourists to... read more

Two-factor authentication rated as safest by consumers

16 May 19 @ 07:27

Europeans are increasingly using smartphones and other forms of mobile technology to do their banking Consumers are highly conscious of security when they manage their money using devices, and there... read more

Standardising an industry: What is nexo standards?

16 May 19 @ 06:45

Two major trends stand out in today’s payments acceptance ecosystem: globalisation and digitisation. We’re all transacting, operating and trading on an increasingly global stage, while new payment types and form... read more

Consumers demand, but are wary of, new banking technology

15 May 19 @ 11:35

While consumers expect their banks to ensure that the latest banking technology is available, their rate of adoption does not necessarily meet the rate of innovation. Nearly a third (30%)... read more

Tech backlash begins? San Francisco to ban facial recognition

15 May 19 @ 08:32

San Francisco has voted to ban the use of facial recognition, the first US city to do so. The ban means its local police, transport and other agencies will not... read more

How e-commerce will be shaken up by EU PSD2 in 2019

14 May 19 @ 15:29

The EU’s Payment Services Directive 2 (PSD2) regulation has been looming on the horizon since November 2015. The regulation sets out that all online transactions over the value of €30... read more

If cryptocurrencies are so safe – why do they keep getting hacked?

14 May 19 @ 11:40

As well as a raft of other high profile thefts of cryptocurrencies in the last few years, hackers recently stole $40 million worth of bitcoin from Binance, one of the... read more

Visa acquires control of Earthport

13 May 19 @ 08:19

Visa announced it has finally acquired control of Earthport, a company that provides cross-border payment services to banks, money transfer service providers and businesses via the world’s largest independent ACH... read more

Project Libra: Facebook aims to take cryptocurrency mainstream

07 May 19 @ 13:59

Facebook is reported to be recruiting dozens of financial firms and online merchants to help launch a cryptocurrency-based payments system, dubed Project Libra, on the back of its gigantic social... 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