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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

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

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