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Five trends for payments in 2018

02 Jan 18 @ 13:27

This past year has seen a number of significant changes in the payments industry. From new transfer methods to the PSD2 push, the demand for faster, smarter, and safer transactions... read more

Retailers to benefit as banks open networks in compliance with new payments regulations

20 Dec 17 @ 10:10

Retail companies could become the new face of everyday financial transactions once the Revised Payments Services Directive, known as PSD2, goes into effect in the European Union in January. PSD2... read more

TSYS to buy payment processing firm Cayan for $1.05 billion

19 Dec 17 @ 11:26

TSYS says it will buy payment processing firm Cayan for $1.05 billion in cash to expand its offerings to small and mid-sized US businesses. The deal is expected to modestly... read more

Most large global banks planning major investments in Open Banking

19 Dec 17 @ 10:47

All but one of 100 payments executives at large banks said their bank plans to make major investments in Open Banking initiatives by 2020, according to the results of a... read more

Nets and OpenWay collaborate on monetization of PSD2 and Open Banking

19 Dec 17 @ 09:00

Nets, the Nordic digital payments specialist, and OpenWay Group, the leading digital payment software developer and vendor, have published a white paper for stakeholders seeking to monetize from PSD2 and open... read more

Ovum report: real-time payments key driver for $3.3 billion rise in technology spend

18 Dec 17 @ 13:45

New research from Ovum reveals that North American commercial banks are continuing to increase their investment in real-time payments (RTP). The report “The rise of real-time payments in North America”, commissioned... read more

Thales swoops in as Gemalto accepts €4.8bn cash offer rejecting Atos

18 Dec 17 @ 13:08

Thales has had its offer to buy struggling Gemalto in a deal worth close to €4.8bn. The agreement comes just days after Gemalto had rejected a €4.3bn takeover proposal by Atos,... read more

Global card payments set to rise by more than half to 500bn by 2022

15 Dec 17 @ 09:53

The total number of card payments worldwide increased by 14% to 310 billion in 2016, notably higher than the 8% increase in card numbers, according to RBR’s Global Payment Cards Data... read more

2018 business banking trends and outlook

14 Dec 17 @ 15:28

Although banks and financial institutions around the world are faring relatively better than their recent past, competitive pressure from traditional rivals and emerging competitors are tightening margins, and impacting profit... read more

Atos forges ahead with $5.1 billion bid after Gemalto rebuff

14 Dec 17 @ 14:47

Atos is ruthlessly pursuing its unsolicited bid to buy Gemalto even after the security-software maker’s board unanimously rejected the €4.3-billion ($5.1 billion) offer. Atos’s offer “significantly” undervalues the company, Gemalto said in a statement late Wednesday in... read more

What is the position of bitcoin and cash in regulated bank economies

13 Dec 17 @ 16:28

As HSBC escaped the threat of criminal prosecution for having allegedly laundered at least $880m for Mexican drug barons, it does not feel coincidental that the bitcoin frenzy lifted the... read more

American Express eliminates signature requirements worldwide

13 Dec 17 @ 15:39

American Express announced it is eliminating the requirement for merchants to collect Card Members’ signatures for all purchase transactions at the point of sale beginning in April 2018. The move,... read more

2018 payment trends: Safer data, faster payments, better experiences

13 Dec 17 @ 15:18

Fundamental shifts in consumer behavior, the emergence of new technologies and an evolving regulatory landscape means the payment trends in the payments ecosystem are poised for unprecedented transformation in 2018.... read more

Major banks invest millions into cyber security startup Menlo

12 Dec 17 @ 18:23

A number of major banks and networks have invested millions of dollars into a cyber security startup that aims to paralyze phishing attacks, in which hackers try to trick people into either revealing their... read more

Atos makes unsolicited bid for Gemalto

12 Dec 17 @ 18:12

Atos has made an unsolicited bid to buy Gemalto of the Netherlands, the French company was forced to go public on Tuesday, with no official answer from Gemalto. Atos can... read more

Islamic finance: time to go mainstream?

11 Dec 17 @ 16:36

The Islamic finance industry has expanded rapidly in the last decade, growing at around 10-12 percent annually, according to the World Bank. We examine the underlying Shariah principles and how... read more

Alternative financial institutions account openings outstrip the growth rate of traditional banks

11 Dec 17 @ 16:24

Banks have been under pressure for some time. This pressure has come from regulators, from customers and from new competition and there is no one front on which banks can... read more

Visa sensory branding elements – sound, animation and haptic – for completed transactions

11 Dec 17 @ 15:51

Visa has announced a suite of sensory branding that will support the Visa brand in an expanded universe of connected, payment-enabled devices. These new sound, animation and haptic (vibration) cues will help signify completed transactions... 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