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US banking market on the road to consolidation of its 5,600 banks

24 May 18 @ 11:50

The US banking industry has largely sat out the M&A wave of recent years. While deal records have fallen in almost every other sector, big banks have done almost nothing,... read more

Internet of Payments (IoP) – Is this the future of Paying?

23 May 18 @ 20:02

Today, there are more objects enabled with Internet access than ever before – from smartwatches and kitchen appliances to vehicles. Intelligent devices can, in principle, do all sorts of things... read more

Smart Payments Association position on the RTS on SCA

23 May 18 @ 16:46

On 13 March 2018, the regulatory technical standard (RTS) on strong customer authentication (SCA) was finally published in the Official Journal of the European Union – some twenty months after... read more

OSPT Alliance launches CIPURSE training program with FIME

23 May 18 @ 09:03

Global technical association, OSPT Alliance has collaborated with FIME to develop and launch a technical training program. It will educate security, ID, payment, access control and transport players on the... read more

Cloud scalability seduces the financial sector – but there are challenges

21 May 18 @ 20:58

The financial sector, while forging ahead in other areas of digital transformation, has been relatively slow to adopt the cloud and there has been good reason for it: banks have... read more

Windows 10 ATM Migration – ATMs set for another countdown shakeup

21 May 18 @ 16:46

A few  years ago, most banks and ATM network operators were breathing a sigh of relief as they completed their final ATM migration upgrade to Windows 7. Although ATM migration... read more

Walmart shelves Mobile Express Scan & Go

21 May 18 @ 12:11

Walmart is reported to have shelved its Mobile Express Scan & Go service. In a note attached to a blog post about Scan & Go, the company said it discontinued... read more

Digital transactions in Europe bombarded with a 30% increase in cyberattacks

18 May 18 @ 09:43

ThreatMetrix has announced new data revealing a 30% year-on-year increase in the volume of cyberattacks hitting Europe in the first quarter of 2018. The ThreatMetrix Q1 2018 Cybercrime Report: Europe Deep-Dive reveals evolving... read more

PayPal acquires iZettle for $2.2 billion

18 May 18 @ 08:49

PayPal is reported to be acquiring mPOS specialist iZettle for $2.2bn. PayPal is paying double the amount that iZettle, which is focused on Europe and Latin America, was targeting in its IPO,... read more

Next phase of digital disruption arrives on the rails of real-time payments

17 May 18 @ 11:33

As of late 2017, more countries and regions joined the global real-time payments movement. With the arrival of European Banking Association Real-Time 1 (EBA RT1), SEPA Instant Payments, The Clearing... read more

Swift Network caught in the middle of EU Vs US sanctions showdown

17 May 18 @ 11:10

The Swift network, whose financial messaging system facilitates cross-border payments, has been caught in the middle of the US and EU showdown over how to handle one of the linchpins... read more

The evolution of online scams: 21 game-changing cyber crimes infograph

16 May 18 @ 13:30

With recent questions over cyber security, cyber crimes and the security of online personal data, many people are becoming wary of how their online presence can endanger their finances, and... read more

French bank consortium deploys mobile P2P payment service – Paylib

16 May 18 @ 13:15

BNP Paribas has announced it is set to compete against other money transfer services such as PayPal, Venmo, and Lydia by deploying its new mobile P2P payment service, Paylib.  Other members of the Paylib consortium,... read more

Facebook reported to be creating its own cryptocurrency

16 May 18 @ 11:58

Facebook is exploring the creation of its own cryptocurrency, Facecoin, a virtual token that would allow its billions of users around the world to make electronic payments, people familiar with... read more

8 out of 10 global merchants believe real-time payments will replace cards

15 May 18 @ 14:25

Nearly 80% (77) of globally surveyed merchants hold the view that real-time payments will replace the use of payment cards over time, according to new benchmark data, “2018 Global Payments... read more

Worldline to buy SIX Payment Services for $2.75 billion – further market consolidation expected

15 May 18 @ 13:49

Worldline will buy the payments unit of SIX Group in a $2.75 billion deal, in the latest example of consolidation within the sector, as financial sector companies seek to benefit... read more

Mobile POS terminals market to grow at 18% CAGR from 2018 to 2024

15 May 18 @ 13:17

According to a new research report by the market research and strategy consulting firm, Global Market Insights, the mobile POS terminals market to reach $55 billion by 2024. The ubiquitous acceptance... read more

European commerce review reinforces the “Mobile Payments First” consumer mindset

14 May 18 @ 17:22

Criteo has released its Global Commerce Review for Q1 of 2018. The report, which analysed browsing and purchasing data from over 5,000 retailers in more than 80 countries, indicated that today’s... 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