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Wells Fargo pilot internal settlement service using DLT

18 Sep 19 @ 08:27

Wells Fargo says it will pilot an internal settlement service, Wells Fargo Digital Cash, which will run on its first distributed ledger technology (DLT) platform. Wells Fargo Digital Cash will... read more

European central banks take big steps against Libra coin

17 Sep 19 @ 11:03

Representatives of Facebook were grilled by central bank regulators on its planned Libra coin project amid concerns from EU governments regarding the threat the digital currency poses to financial stability.... read more

Report: Banks risk losing $280 billion in payments revenue by 2025

17 Sep 19 @ 09:03

As much as 15% of banks’ global payments revenue, or $280 billion, is likely be displaced by the growth of digital payments and competition from non-banks, as payments become more... read more

Santander launches JCB merchant acquiring operations in Spain

17 Sep 19 @ 08:30

Banco Santander (Santander), has launched JCB merchant acquiring operations in Spain following a license agreement with JCB International (JCBI). Thanks to this new alliance, Santander facilitates JCB acceptance at Santander-acquired... read more

Visa announce 3.7 million EMV merchant locations reducing fraud by 87% in US

13 Sep 19 @ 09:43

Visa has recently reported that the number of locations that accept EMV cards in the US has increased from 3.1 million to 3.7 million during H1 2019. In total, some... read more

Millennials pushing shift from credit to debit and digital wallets

13 Sep 19 @ 09:32

Young people in the UK have become “credit-averse”, according to a major study of shopping and spending habits conducted by YouGov. Instead, they are increasingly hungry for innovations like digital... read more

80% of Canadians count their identity as more valuable than convenience online

13 Sep 19 @ 09:02

Highlighting the differences in regions, a recent study in Canada found that Canadians value their identity highly and want convenience and security when it comes to managing their identity digitally.... read more

Report: The global rise of digital goods and services

12 Sep 19 @ 17:31

Fiserv has released a new study, “The Global Rise of Digital Goods and Services,” which finds that nearly three quarters (74%) of online purchases worldwide are for digital goods and... read more

Nissan joins in-car payments trailblazers with Brazilian roll-out

12 Sep 19 @ 16:53

Following on from recent announcements by BMW and Daimler in the automotive payments arena Sem Parar, a subsidiary of Fleetcor, has partnered with Nissan in Brazil for in-car payments. Under... read more

Mastercard to offer retailers fee incentive to boost cashback in the UK

12 Sep 19 @ 10:04

Mastercard has outlined a new initiative to increase the UK’s access to cash. Local shops and businesses who choose to offer cashback in conjunction with a purchase, will from April... read more

Mastercard and R3 partner on blockchain powered cross border payments

11 Sep 19 @ 10:11

R3 and Mastercard have signed a strategic partnership to develop and pilot a new blockchain-enabled cross border payments solution that will initially focus on connecting global faster payments infrastructures, schemes... read more

PCM Feature: Data Lakes gaining traction with payments businesses in Europe and North America

09 Sep 19 @ 15:54

‘Data Lakes’ are gaining explosive traction with payments businesses in Europe and North America. Proponents say they offer a more flexible, scaleable and cheaper data storage solution than traditional data... read more

Financial threats in H1 2019: Mobile financial attacks rise by 107%

09 Sep 19 @ 14:58

According to a recent report by Kaspersky, the number of mobile financial attacks it detected in the first half of the year rose by 107%, rising to 3,730,378. Analysts at the company... read more

Central Bank of China gears up to launch regulated digital currency

09 Sep 19 @ 08:28

As was recently reported from the China Finance 40 Group, a senior official at China’s central bank announced  that the country will soon roll out its central bank digital currency (CBDC.)... read more

Paypal continues dominant growth but can it be sustained?

06 Sep 19 @ 11:31

Since being shown the door by eBay back in 2018, PayPal, once the most innovative digital payments companies in the world has continued to perform well and dominate the space... read more

SCA survey: Security vs. convenience in the payment experience

05 Sep 19 @ 13:58

With Strong Customer Authentication (SCA) coming into force on 14 September 2019 as the final part of PSD2, many online businesses are required to add additional security measures to large... read more

How to be e-commerce compliant with Strong Customer Authentication on cards

04 Sep 19 @ 07:45

As PCM has reported recently, 40% of European banks will not be compliant with the PSD2 regulatory technical standard (RTS) on Strong Customer Authentication (SCA) by the 14th September deadline.... read more

PCM Feature: Blockchain – Out of the blocks?

03 Sep 19 @ 12:23

Blockchain has been called the most over-hyped innovation in the world today, with the hysteria surrounding it sometimes compared to the infamous “dot.com” bubble of 1999-2000. PCM Editor James Wood... read more

Trending

ECB brings Central Bank money to tokenised market

23 Sep 26 @ 14:34

The European Central Bank has taken a significant step towards integrating distributed ledger technology with Europe’s core financial infrastructure, launchin... more

Inside A7: How Russia built a parallel cross-border payments network

24 Sep 26 @ 16:29

Russia’s attempts to circumvent Western financial sanctions have developed into a sophisticated parallel payments architecture combining traditional banking, ... more

Global Banks set ground rules for Agentic Commerce as Fraud and Liability risks rise

27 Sep 26 @ 18:53

Six major banks have joined forces to establish principles for trusted agentic commerce, warning that the rapid adoption of AI shopping agents could outpace exi... more