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Microsoft Pay enhanced with Masterpass connection for online payments

07 Aug 18 @ 14:52

Microsoft has announced in a blog that Microsoft Pay is now integrated with Mastercard’s Masterpass service, allowing you to connect your accounts to streamline online payments. In bringing the two together,... read more

Banking industry concerns grow as Big Tech turn to FinTech

07 Aug 18 @ 13:38

Since the birth of FinTech there has been a growing anxiety for bank executives as to how and when big tech companies will start to focus on the banking industry. During its... read more

Credit card interchange fees backlash grows as US heavy weigh expands Visa ban

07 Aug 18 @ 12:53

US mega merchant Kroger Co. is considering expanding a ban on Visa credit cards imposed by one of its subsidiaries, in the latest signal that retailers are preparing a fresh battle over... read more

IoT and tokenized payments – why they are so important to the growth of the industry

06 Aug 18 @ 13:22

Refrigerators, cars, watches, rings — what do all of these items have in common? They are all IoT products that are capable of connecting to the internet and completing transactions... read more

Fraud losses rising across Europe – UK see 8% drop in card fraud

06 Aug 18 @ 13:08

Markets across Europe have made significant gains in the fight against card fraud, specifically in France and the UK, which achieved 6% and 8% reductions. Despite this, losses across the... read more

Blockchain deployments could save banks more than $27bn annually

03 Aug 18 @ 10:58

A new study has found that blockchain deployments will enable banks to realise savings on cross-border settlement transactions of more than $27 billion by the end of 2030, reducing costs by... read more

Why some markets are more e-commerce friendly than others

02 Aug 18 @ 16:26

It’s no secret, e-commerce has grown exponentially in popularity over the past decade. However, all markets have matured at different rates, with influence from socioeconomic factors. According to recent research... read more

Dark web: The criminal cyber services market

02 Aug 18 @ 14:04

The news today is full of stories about financial damage caused by the dark web, cyber crime and hacker attacks against organisations, or about hundreds of thousands of user accounts... read more

Payments industry faces regulatory investigation into card acquiring services

01 Aug 18 @ 14:09

The UK’s Payments Systems Regulator (PSR) has launched an investigation into card acquiring services and whether Britain’s big banks and payments specialists such as Worldpay and Wirecard have taken advantage... read more

Indian card fraud sky rockets as cashless Indian society reality bites

01 Aug 18 @ 08:53

In June 2018, Indian police in Mumbai, the countries financial capital, broke the back of a card fraud and cloning racket that involved waiters at bars and restaurants across the city... read more

Security fears threaten biometric payments growth

01 Aug 18 @ 08:36

As reported earlier by PCM, Biometric payments are poised for significant growth, but substantial consumer security concerns could put its future at risk according to a new report from Transaction... read more

Mastercard files new patent for Bitcoin transactions on credit cards

31 Jul 18 @ 13:41

Mastercard recently won a patent to protect a method that would manage “fractional reserves of blockchain currency”, meaning consumers might one day be able to charge their purchases on their credit... read more

New digital payment service BANCOMAT Pay launched in Italy

31 Jul 18 @ 09:01

BANCOMAT has launched its new digital payment service with the BANCOMAT Pay brand. Thanks to an agreement with SIA, BANCOMAT Pay will integrate the Jiffy service, allowing PagoBANCOMAT cardholders to... read more

US Digital Payments Adoption Study

27 Jul 18 @ 11:45

Early Warning Services, the network operator behind Zelle, has published the results of its first Digital Payments Adoption Study. The aim is to track consumer adoption, use, and attitudes toward digital payments,... read more

Android banking malware Exobot source code released online

27 Jul 18 @ 11:19

An Android banking Trojan source code, named Exobot, has been released online, causing the malware to circulate widely on the dark web. Called Exobot, the malware targets Android users via malicious... read more

Biometrics: The nirvana of personal security?

27 Jul 18 @ 10:41

By 2020, nearly all smart devices including mobile phones, tablets and wearables will have some form of biometrics security enablement. By the same time, personal banking through mobile apps will... read more

Snapchat kills P2P payment service Snapcash

26 Jul 18 @ 15:05

Snapchap has announced that it will cease Snapcash, its mobile P2P payments app for Snapchat, on August 30. Snap launched Snapcash in late 2014 via a partnership with Square, but it... read more

A new wave of cybercrime: Hackers target cloud services direct

26 Jul 18 @ 11:54

A Chinese hacking and cybercrime group nicknamed “Red Apollo” last year launched one of the largest ever sustained global cyber espionage campaigns. Rather than attacking companies directly, it targeted cloud... read more

Trending

Visa turns the card into an identity credential

12 May 26 @ 15:44

Visa has launched a new tap-based authentication technology that could reshape how banks verify customers in mobile banking environments. [caption id="atta... more

FCA probes Paypal, Mastercard and Visa competition

07 May 26 @ 16:30

The UK’s Financial Conduct Authority has opened a competition investigation into PayPal, Mastercard and Visa, examining whether commercial arrangements linked... 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