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BIAN issue new API guidelines to support global Open Banking

28 Feb 18 @ 11:59

The Banking Industry Architecture Network (BIAN), an independent, not-for-profit association, has published an updated version of its standardised global IT architecture model for Open Banking. Titled, Service Landscape 6.0 (SL6.0),... read more

Success of contactless peaks as shoppers demand wearable payments

28 Feb 18 @ 11:15

One quarter (26%) of British shoppers expect to start using contactless payments with a smartwatch, bracelet, keyring or other forms of wearable payments, according to new figures from Mastercard. In... read more

Turning a smartphone into a payment terminal – Mobeewave announces agreement with Samsung

28 Feb 18 @ 09:00

Mobeewave say they have signed a global partnership agreement with Samsung that will allow Mobeewave to offer its patented in-person contactless payment acceptance solution on Samsung devices. The solution enables... read more

Deutsche Börse presents CollCo blockchain concept for risk free cash transfer

27 Feb 18 @ 12:39

Deutsche Börse Group has developed a concept for riskless transfer of commercial bank money via an infrastructure based on distributed ledger technology (DLT). By combining blockchain technology with its proven... read more

World FinTech Report highlights symbiotic collaboration as key to future financial services

27 Feb 18 @ 10:50

The rise of FinTechs[1] continues to revitalise the financial services customer journey; however, many startups have realised they will struggle to succeed alone. With complementary strengths, FinTechs are increasingly looking... read more

Open Banking can contribute £1bn to UK economy

26 Feb 18 @ 12:43

Implementing Open Banking reforms, which came into force in the UK last month could contribute more than £1bn annually to the UK economy, CEBR research has claimed. Under Open Banking customers... read more

Venezuela launches petro a government backed cryptocurrency

26 Feb 18 @ 10:38

The Venezuelan government says it raised $735m in the first day of the pre-sale of its cryptocurrency, the petro. President Nicolás Maduro tweeted late on Tuesday that the cryptocurrency reaffirmed the... read more

Faster payments equal real-time fraud – the Zelle story

26 Feb 18 @ 10:12

There has been an increasing amount of fraud perpetrated against Zelle, the mobile P2P platform running on faster payments rails and backed by the biggest banks in the US. The scam... read more

The cryptocurrency revolution has barely begun – viva la blockchain

20 Feb 18 @ 13:29

Upset that you missed the boat on the cryptocurrency craze last year? Millionaires were minted overnight as bitcoin returned 1,700% in 2017, only to see prices crash by more than... read more

UK retailers self-restricting growth potential due to limited payment options

20 Feb 18 @ 13:20

The UK’s top retailers are inhibiting their online sales potential by up to 30% by not offering a range of payment options for customers. The study, carried out by Visualsoft, found that almost one... read more

nexo and FIS sign for globally standardised card payments acceptance

20 Feb 18 @ 09:14

nexo standards has signed an agreement with FIS to develop a suite of test tools that will allow vendors, acquirers and processors to test the compliance of their payment systems... read more

Mobile payments remain a tough proposition to sell in mature markets

19 Feb 18 @ 17:43

Mobile payments are having a tough time gaining adoption in mature markets. According to the annual “Connected Life” study by Kantar TNS, only a minority of internet users surveyed in countries like... read more

Executive Board of the ECB defends use of cash in Eurozone

19 Feb 18 @ 17:23

In a speech by Yves Mersch, Member of the Executive Board of the ECB, at the 4th Bargeldsymposium of the Deutsche Bundesbank last week he defied the growing convention that Europe... read more

The cost of cybercrime study – insights on security investments that make a difference

19 Feb 18 @ 16:52

Cybercrime is on the rise, successful breaches per company each year has risen more than 27%, from an average of 102 to 130. Ransomware attacks alone have doubled in frequency,... read more

Visa denies claims over cryptocurrency purchasing policy changes

15 Feb 18 @ 13:26

It has been  reported that both Visa and Mastercard were planning to change the policies they have in place when it comes to purchasing of cryptocurrency. The reports add that... read more

Berlin Group publishes Version 1.0 of the NextGenPSD2 Framework

15 Feb 18 @ 12:58

The Berlin Group has published Version 1.0 of the NextGenPSD2 Access to Accounts (XS2A) Framework that enables Third Party Providers (TPPs) to access bank accounts under the revised Payment Services... read more

Government websites hacked to run secret cryptocurrency miner

15 Feb 18 @ 12:38

Thousands of government websites around the world have been hijacked to mine the cryptocurrency Monero. A commonly-used accessibility script was hacked to inject the Coinhive miner into official sites in... read more

e-Retail sales to pass $3.3 trillion up 10% on 2017

14 Feb 18 @ 16:41

The value of consumer spend on remote payments for digital and physical goods – e-Retail – will surpass $3.3 trillion this year, up 10% on 2017’s total of $3 trillion.... read more

Trending

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

UK Banks complete first live transactions using Tokenised Deposits

27 Sep 26 @ 18:52

Seven major UK financial institutions have completed the first live customer transactions using tokenised sterling deposits, marking an important step in Britai... more