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Card networks prepare to raise Scheme and Interchange fees

19 Feb 19 @ 14:55

Visa and MasterCard are reported to be planning to increase interchange fees as well as fees that card networks charge financial institutions for processing card payments for merchants. Though merchants... read more

Whats going on and where: Payments markets to watch in 2019

19 Feb 19 @ 07:52

As a leading payments market, credit and debit card payments account for the vast majority of the UK’s online purchases, particularly with the introduction of contactless. However, this doesn’t ring... read more

How will Brexit affect e-commerce?

15 Feb 19 @ 14:23

Brexit brings a wave of uncertainty and change to the UK business landscape, and since the day the UK voted to leave the EU, it’s been a whirlwind. But what... read more

Mainstream? One-in-ten people now use cryptocurrency

15 Feb 19 @ 07:43

Cryptocurrency, often associated with crime or those looking to raise cash quickly, has turned into a popular payment method. According to a recent report from Kaspersky Lab, one-in-ten people (13%)... read more

Ant Financial makes big step into Europe with $700 million WorldFirst deal

14 Feb 19 @ 21:28

Ant Financial has finally managed to make its mark in a significant European first. The Chinese financial services giant has agreed to buy UK payments group WorldFirst in a deal... read more

UK Government moves to protect cash with ATM protection review

14 Feb 19 @ 14:47

In a blow to those who believe a cashless society is near,  the UK Treasury Committee has held an evidence session with the Payment Systems Regulator (PSR), in which Rt Hon. Nicky... read more

JPM Coin – JP Morgan Chase first US bank to launch its own cryptocurrency

14 Feb 19 @ 14:37

Despite CEO Jamie Dimon labelling Bitcoin a fraud, JP Morgan, the largest bank in the US, has announced it has created and successfully tested its JPM Coin cryptocurrency this month.... read more

Contactless card limits around the world mapped

13 Feb 19 @ 16:51

ExpertMarket has released a new ‘tap map’ revealing the contactless card limits for 49 countries around the world. More of us than ever before are choosing to pay via contactless... read more

Global card expenditure to reach $45 trillion by 2023 – contactless driving growth

13 Feb 19 @ 16:35

Payment cards were used for purchases with a value of $25.1 trillion worldwide in 2017, an increase of 13% on the year before. Although card expenditure is growing strongly, it... read more

Fraudsters turn to Telegram Bots for cybercrime automation

13 Feb 19 @ 13:30

As part of the mobile and social media revolution, the Telegram messaging app has experienced significant growth, adding 350,000 new users daily. The platform has been widely adopted globally and... read more

Report: 2018 trends in Chinese mobile payments abroad

12 Feb 19 @ 16:58

Travelling abroad is no longer a luxury for many Chinese citizens as they are now enjoying rising incomes and better living standards. According to the latest statistics from the China... read more

Bangladesh Bank files lawsuit in partnership with New York Federal Reserve and SWIFT

12 Feb 19 @ 13:35

Back in 2016, The Bangladesh Bank suffered a massive cyber heist. Now, the bank has filed a lawsuit in New York federal court to recover the lost $81 million. The... read more

Yoyo launches omni-channel platform to redefine retail experience

11 Feb 19 @ 10:14

Yoyo says it has combined its in-store digital payments and loyalty experience with a unique  e-commerce solution, enabling retailers to deliver the world’s first integrated and rewarding omni-channel buying experience... read more

Visa increase bid for Earthport to £247 million fending off Mastercard

11 Feb 19 @ 09:18

Visa announced an increased bid for Earthport to £247 million as it fights with Mastercard to claim the companies assets. Last month, Mastercard offered around £233 million for the assets... read more

Societe Generale selects HPS to develop payment operations in Africa

08 Feb 19 @ 13:18

Societe Generale, one of Europe’s largest banks with operations across the world, has selected HPS to improve the payment processing activities for ten African subsidiaries. By migrating to HPS’ technology,... read more

FT Report: The House of Wirecard starting to fall in

07 Feb 19 @ 15:27

In a further update to the ongoing FT (and other party) investigations into Wirecard, it now seems that there is going to be serious fall out from the allegations made... read more

FinTech investment reaches record levels at $31 billion in 2018

07 Feb 19 @ 13:07

The latest FinTech M&A Market Report from international technology mergers and acquisitions advisor, Hampleton Partners, reveals that 2018 witnessed the highest level of investment in FinTech start-ups on record, with... read more

One new bank account opens every 6 seconds in UK

05 Feb 19 @ 16:55

Banking customers are increasingly opening multiple accounts, particularly the younger generations, with up to a third of Millennials and Gen-Zs having opened at least two new accounts in the past... read more

Trending

Mastercard and BVNK Launch Platform Linking Fiat and Stablecoin Payments

20 Oct 26 @ 09:06

Mastercard has launched a new platform with BVNK that brings fiat currencies and stablecoins together through a single API, marking the first major integration ... more

Visa Builds Agentic Commerce Infrastructure as Credentials Reach 5.2 Billion

29 Oct 26 @ 19:39

Visa is expanding its payments infrastructure around agentic commerce, stablecoins and tokenisation as its global credential base reaches 5.2 billion and ... more

Starling Builds UK-Sovereign AI Model With Nvidia and Civo

15 Oct 26 @ 19:41

Starling is developing a transactional foundation model with Nvidia that will be trained and hosted entirely within a UK sovereign cloud, as the digital bank lo... more