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88% of crypto exchanges want industry regulation

26 Jul 18 @ 11:43

Mistertango, a “crypto-friendly payment company”, has released a study highlighting that contrary to perception, 88% of crypto exchanges want industry regulation. Respondents believe regulation is needed for the industry to... read more

Mobile biometrics to authenticate $2 trillion of sales by 2023

26 Jul 18 @ 08:36

A new study has found that mobile biometrics will authenticate $2 trillion worth of in-store and remote mobile payment transactions annually by 2023. This is 17 times the $124 billion... read more

Corporates pilot new multi-bank payments tracking on SWIFT gpi

25 Jul 18 @ 15:35

SWIFT gpi, along with a number of corporates and banks, has announces plans to start testing an enhanced multi-bank standard to further improve the cross-border payments experience for multi-banked corporates.... read more

American Express files latest blockchain-based proof of payment technology patent

25 Jul 18 @ 15:17

American Express has proceeded with the latest in a series of blockchain patents that it is seeking to position the group as the leader in new blockchain enabled transaction technology.... read more

UK court ruling allows Police to seize and use money laundered cryptocurrency

25 Jul 18 @ 15:03

The UK Police force in Surrey has become the first UK force to seize and convert bitcoin as part of a criminal probe, netting £1.25m worth of the cryptocurrency, some... read more

FCA approval? Are cryptocurrencies going mainstream?

17 Jul 18 @ 09:58

UK regulators are starting to give cryptocurrencies and associated crypto assets their seal of approval. This is significant, not least because it goes against the prevailing wisdom among policymakers around the world... read more

Is it time for a serious Open Banking standard?

17 Jul 18 @ 09:23

There are four things that should now be crystal clear to everyone involved in Open Banking. Open Banking has arrived. It was the #1 topic at Money 20/20 Europe. Open... read more

Square withdraws bank application

16 Jul 18 @ 09:18

Square has confirmed that it has withdrawn its application to open a depository bank, although it plans to refile with a top regulator at a later date. Square first submitted... read more

Bitcoin computing power growth outpacing its price

16 Jul 18 @ 09:05

Since last year the bitcoin hash rate — the amount of computing power used by bitcoin’s network of computers to create new coins — has soared as it rushes to catch... read more

Worldline obtains its “pan-European” Third Party Provider (TPP) license

16 Jul 18 @ 08:53

Worldline has obtained two new licenses, linked to the PSD2, from the National Bank of Belgium enabling the company to become a Payment Initiation Service Provider (PISP) and an Account... read more

Mastercard and Visa hit with setback in UK interchange fees law suit

13 Jul 18 @ 10:41

In a damaging set back, a British appeals court ruled in favour of retailers including some of the UK’s biggest retailers, in massive a blow to the card networks which could now... read more

Biometric technology use set to rocket for payment authentication

13 Jul 18 @ 10:27

With new EU regulations coming into place next September, Mastercard is predicting a significant increase in the use of biometric technology to authenticate who is paying. With regards to card... read more

UK’s Tesco tests checkout-free shopping

12 Jul 18 @ 10:40

The UK’s biggest retailer, Tesco, is reported to be trialling a checkout-free method of payment for its convenience stores, allowing customers to scan products on their mobile devices and then walk... read more

R3 completes KYC Blockchain Platform tests with banks and regulators

12 Jul 18 @ 10:16

The R3 Blockchain Consortium of 39 financial firms has completed more than 300 transactions via R3’s know your customer (KYC) application, according to a post on R3’s blog. R3’s KYC project involved major financial... read more

Biometrics – Giving the finger to fraud

04 Jul 18 @ 17:25

Clearing up the mess left behind by fraudsters is a serious challenge and sees financial institutions having to absorb the monetary and logistical damage of card payment fraud daily. Meanwhile,... read more

PwC Report: Open Banking market could be worth £7.2bn by 2022

04 Jul 18 @ 13:56

In a new and very interesting piece of PwC research on Open Banking, they state that new regulation aimed at opening up the UK’s current account market could lead to... read more

Will WhatsApp be Africa’s biggest payments a platform?

02 Jul 18 @ 16:37

The ambitions of WhatsApp have been viewed as something of a mystery, even as its reach as a messaging service and as the social media platform of choice for Africans has grown... read more

Mobile contactless payment users to grow to over 760 million

02 Jul 18 @ 16:16

The number of people using mobile contactless payment such as Apple Pay or Google Pay will continue to grow to more than 760 million by 2020, with Apple’s digital wallet leading the way, according... 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