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THE GLOBAL WALLET WAR: WHO WILL OWN THE CUSTOMER?

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Samsung Pay hits $9 billion of transactions in South Korea

30 Aug 17 @ 13:55

Samsung Pay has driven its home advantage and processed 10 trillion won ($8.8 billion) in accumulated transaction volume in South Korea, the company has announced. The service was launched in... read more

Are banks using the best biometric security systems available?

30 Aug 17 @ 13:45

Many banks around the world, large and small, continue to experience major security failures. At this year’s Kaspersky Security Analyst Summit, analysts explained their investigation of the takeover of a... read more

Mobile users can no longer afford to overlook cyber security

23 Aug 17 @ 14:14

In today’s digitally-driven society, being able to access your money when you want, from any device, is no longer a luxury but a necessity. In fact, being able to quickly... read more

Beyond FinTech: An assessment of disruptive potential in financial services

23 Aug 17 @ 11:16

For years FinTech has been the hottest topic of discussion in financial services, with incumbents, regulators, and consumers all asking the same question: “Will small technology-enabled ‘FinTech’ start-ups redefine the... read more

New Android malware Fakedtoken can steal card details from apps

22 Aug 17 @ 15:27

A new piece of Android malware, dubbed Fakedtoken is able to quietly steal victims’ details when they enter them into apps, as well as spy on their texts and phone calls,... read more

Symantec annual Internet Security Threat Report

22 Aug 17 @ 14:57

In the latest Symantec annual Internet Security Threat Report, Cyber attackers revealed new levels of ambition in 2016, a year marked by extraordinary attacks, including multi-million dollar virtual bank heists,... read more

WhatsApp set to add P2P payments to messaging app

21 Aug 17 @ 15:16

WhatsApp is rumoured to be preparing P2P payments for its messaging app, making it the latest service to let users transfer money to one another with a text. A beta... read more

Bitcoin surges to new high of over $4,500

21 Aug 17 @ 14:25

Defying its naysayers once again, Bitcoin’s price surged above $4,500 for the first time late last week to reach a market value of $73.6 billion. While the cryptocurrency has since pared some of its... read more

Open financial services – An open invitation to financial inclusion

21 Aug 17 @ 13:42

‘Open’ is a short word with a long list of meanings. These range from being free to all to join, ready for business or prepared to entertain new ideas. The... read more

UK contactless spend tops £370 million in H1 2017

17 Aug 17 @ 16:46

Mobile contactless transactions topped £370 million in the first six months of 2017, a 336% year on year rise in spending, according to the latest transaction data from payments processor... read more

Barclaycard pilots Alipay acceptance in UK stores

17 Aug 17 @ 15:02

Barclaycard is rumoured to begin a pilot that enables merchants in the UK to accept Alipay transactions at POS in-store. The pilot will commence on 14 August 2017 in eight retail stores across... read more

Mobile wallet readiness: Building a better value proposition – Pt 3

17 Aug 17 @ 14:51

Mobile wallet launches by issuers, “The Pays” (Apple Pay, Android Pay, Samsung Pay), telcos and retailers have become increasingly commonplace – if not fashionable – in recent years. But most... read more

Visa applies for direct bank-card clearing access in China

16 Aug 17 @ 11:24

With a new found direction, not seen since its merger with Visa Europe began, Visa is on the charge, becoming the first overseas card payment company to apply for a... read more

Mobile commerce readiness: The mobile wallet security conundrum – Pt 2

16 Aug 17 @ 11:11

The ongoing power struggle between security and usability represents one of most pertinent challenges in mobile wallet today. While it is possible to build a nearly fraud-proof payment mechanism, it... read more

Chinese regulator mandates mobile payments clearing house

15 Aug 17 @ 13:42

China’s central bank and regulator has mandated online and mobile payment groups to operate through a centralised clearing house, a move likely to undercut the dominance of Ant Financial and... read more

Indian digital transaction volumes hits 860 million per month

15 Aug 17 @ 13:31

Digital transaction volumes in India hit a new record in July growing almost 2% from the previous month to 859.2 million, according to data released by the Reserve Bank of... read more

Mobile commerce readiness: A merchant and consumer perspective – Pt 1

15 Aug 17 @ 13:12

With the underlying infrastructure for mobile commerce – payment tokenization, smartphones and contactless point-of-sale (POS) terminals, for example – taking hold, the industry must begin to shift its focus to... read more

Cash still king in UK but consumers are turning to contactless

11 Aug 17 @ 13:54

The number of cash payments decreased by 11% between 2015 and 2016, but it still remains the most frequently used payment method in the UK, according to new data published... read more

Trending

Visa tests the foundations of agentic payments in Europe

17 Mar 26 @ 15:03

Visa is moving to bring agentic commerce closer to commercial reality, launching a new programme with banks across the UK and Europe to test how artificial inte... more

Visa and Fiserv partnership extends API-led acceptance platform

22 Mar 26 @ 18:30

Visa and Fiserv are extending their long-running partnership in Europe with a new API-driven acceptance offering designed to simplify merchant acquiring and mod... more

Mastercard makes a decisive stablecoin move with BVNK acquisition

17 Mar 26 @ 15:04

Mastercard has agreed to acquire stablecoin infrastructure specialist BVNK in a deal worth up to $1.8 billion, marking one of the clearest signals yet that majo... more