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FCA bares teeth – Tesco Bank fined £16.4m over “avoidable” cyber attack

01 Oct 18 @ 10:11

The UK’s financial regulator (FCA) has issued Tesco bank with a £16.4 million penalty over an online cyber incident that occurred two years ago, the first fine the FCA has... read more

2018 Data Breach Investigations Report

01 Oct 18 @ 09:24

Ransomware attacks are a key cybersecurity threat for global organisations, warns Verizon’s 2018 Data Breach Investigations Report (DBIR). Ransomware is the most common type of malware, found in 39% of malware-related data... read more

Faster payments – 40 countries live as global roll-out gathers pace

28 Sep 18 @ 10:47

2018 marks the fifth year of FIS’ report “Flavors of Fast”. It was originally inspired to capture the early but remarkable influences of faster payments schemes around the world. In... read more

Snapchat partners with Amazon for point-and-buy mobile commerce

28 Sep 18 @ 09:36

Snapchat has announced it is testing a new way to search for products on Amazon.com through the Snapchat app’s camera, allowing users a mobile commerce experience by shopping directly using the... read more

Mobile payments – Learning from the Chinese example

28 Sep 18 @ 09:21

When it comes to mobile payments, China is leaving the rest of the world standing. The trillions of dollars in mobile payment transactions that were carried out by Chinese consumers... read more

First Data launches new fraud detection service – FirstSense

27 Sep 18 @ 09:36

First Data has launched a new anti-fraud detection service, FirstSense. It enables financial institutions to identify at-risk accounts across all card brands and prevent fraud. The newly launched platform combines... read more

Major global banks go mainstream on blockchain payments with Interbank Information Network

25 Sep 18 @ 10:45

75 of the world’s biggest banks are turning to the Interbank Information Network (IIN) a blockchain payments platform to fight the threat of new payments rivals in what will be... read more

Report: $110 trillion payments business faces next major wave of FinTech disruption

25 Sep 18 @ 10:10

The $110 trillion payments business is facing further and major disruption from the FinTech revolution that will upend the traditional financial services industry and create new opportunities for venture-backed companies... read more

SMART Payments: Step 3 – Managing the digital switch in a fragmented US market

25 Sep 18 @ 09:24

In September 2015, Entrepreneur Magazine pointed out to its readers that, at the time of writing, there were some 200 different ways to make electronic payments. To put that in its... read more

Report: Gen Z shoppers prefer in-store shopping over e-commerce

24 Sep 18 @ 16:38

As if life isn’t complex enough for retailers, as they struggle to implement the latest omni-channel experience for consumers and shoppers abandon the high streets, a new report has found... read more

Retailers continue fight against Visa and Mastercard even after record $6.2 billion settlement

24 Sep 18 @ 12:48

Visa and Mastercard will have to continue rolling with the punches as it becomes clear that even the record $6.2 billion settlement made last week won’t be enough to end... read more

Singapore: Interoperable QR payments and FinTech access to real-time payments system

24 Sep 18 @ 12:23

The Singapore government is set to allow access to its real-time payments system, FAST, to extend the availability of the payments systems for FinTechs and other payments players. The country... read more

ICO Infograph: Revolutionary way to get funded or scam?

20 Sep 18 @ 14:56

Initial coin offerings, or ICOs, are a recent craze in the cryptocurrency world. Despite being just a couple of years old, ICOs have managed to attract a lot of attention.... read more

Cryptocurrency exchange Zaif loses $60 million to hackers

20 Sep 18 @ 14:11

In yet another blow to the burgeoning cryptocurrency market, it has been reported that Zaif, a Japanese digital currency exchange, has had $60 million stolen. Tech Bureau, the operator of Zaif... read more

China UnionPay eyes major European expansion with UK launch

19 Sep 18 @ 10:00

China UnionPay, which in 2015 became the world’s biggest payment card issuer, has announced plans to launch UnionPay branded cards in the UK, a first step in a larger European... read more

Visa and Mastercard make $6.2 billion offer to settle US interchange fees case

19 Sep 18 @ 09:56

Visa and Mastercard along with a group of their top US acquirer banks have proposed a $6.2 billion settlement of the long-running antitrust lawsuit over the interchange fees they charge... read more

China’s e-commerce market to reach $1.1 trillion in 2018

19 Sep 18 @ 09:09

China’s e-commerce market will hit $1 trillion this year, a year ahead of predictions, according to Forrester. The report reveals the growth in mobile shopping and consumer spending in categories... read more

Infographic: The industries falling victim to Data Breaches

18 Sep 18 @ 15:09

Data breaches are plaguing all industries globally, but some are more affected than others. This infographic looks at some of the differences, including how attractive payments-related data is to criminals... 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