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Open Retailing and Open Banking – Payments Industry Challenges

01 Jun 18 @ 10:49

Global payment trends and digital technologies are driving change in the payments world. The omni-channel payment behaviour of increasingly online consumers and retailers counter-acting demand for omni-channel payment service acceptance... read more

WORLDLINE TO BUY SIX PAYMENT SERVICES FOR $2.75 BILLION

01 Jun 18 @ 10:08

Worldline will buy the payments unit of Swiss stock exchange operator SIX Group in a $2.75 billion deal, in the latest example of consolidation within the sector, as financial sector... read more

Starbucks’s mobile payments app has more users than Apple or Google

31 May 18 @ 16:16

According to new data from research firm eMarketer, by the end of this year, a quarter of US smartphone users — 55 million people to date — over the age... read more

Battle lines being drawn in Chinese payments apps Vs banks showdown

31 May 18 @ 16:02

In Hong Kong’s airport, Alipay’s azure blue logos began appearing two years ago greeting travellers from China who rely on the popular payments app back home. In recent months, taxis... read more

Abandoned purchases cost UK SMEs up to £28.5bn annually

31 May 18 @ 15:39

NCR Corporation has released research revealing a variety of challenges facing UK SMEs as they strive to remain profitable in an increasingly competitive market. The survey found that keeping up with... read more

US Justice Department launch criminal probe into Bitcoin price manipulation

30 May 18 @ 16:40

The US Justice Department is reported to have opened a criminal probe into whether traders are manipulating the price of Bitcoin and other cryptocurrencies, dramatically ratcheting up US scrutiny of... read more

Ant Financial signs bank technology deal as Chinese mobile payments explode

30 May 18 @ 15:59

Chinese banks posted robust growth in mobile payments in Q1 2018, according to the People’s Bank of China (PBOC). Banking institutions handled 70.8 trillion yuan (11.1 trillion US dollars) in... read more

The Internet Security Threat Report 2018

30 May 18 @ 13:35

The Internet Security Threat Report notes that from the sudden spread of WannaCry and Petya/NotPetya, to the swift growth in coinminers, 2017 provided us with another reminder that digital security... read more

Fraud wars: how can biometrics help win the card fraud battle?

25 May 18 @ 13:57

Fraud and fighting fraudsters is a complex and ever-evolving challenge. As consumers change the way they pay, fraudsters change the way they steal. For banks to keep up, these new... read more

PayPal partners Google for deeper payments integration

25 May 18 @ 13:22

Google has deepened its relationship with PayPal, making it easier to make mobile payments on premium apps and services (like the new YouTube Music, for example). It’s been possible to... read more

SIA makes €375 million acquisition of First Data’s European card processing unit

25 May 18 @ 12:47

SIA and First Data have signed an agreement for SIA to acquire First Data’s card processing businesses in parts of Central and Southeastern Europe for €375 million. In 2017, these... read more

How is the on-demand economy impacted by fraud?

24 May 18 @ 17:31

The term on-demand refers to the way in which a good or service is sold as opposed to what is sold. The primary characteristic of on-demand is that the customer... read more

The Chargeback Triangle – what happens when transactions go wrong?

24 May 18 @ 12:45

Chargebacks were a $31 billion problem in 2017 — a burden that extends far beyond the liability for disputed transactions. Complying with complex and arcane rules that vary across networks... read more

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

Trending

Mastercard and BVNK Launch Platform Linking Fiat and Stablecoin Payments

20 Oct 26 @ 09:06

Mastercard has launched a new platform with BVNK that brings fiat currencies and stablecoins together through a single API, marking the first major integration ... more

Visa Builds Agentic Commerce Infrastructure as Credentials Reach 5.2 Billion

29 Oct 26 @ 19:39

Visa is expanding its payments infrastructure around agentic commerce, stablecoins and tokenisation as its global credential base reaches 5.2 billion and ... more

Starling Builds UK-Sovereign AI Model With Nvidia and Civo

15 Oct 26 @ 19:41

Starling is developing a transactional foundation model with Nvidia that will be trained and hosted entirely within a UK sovereign cloud, as the digital bank lo... more