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Global study highlights economic benefits of ‘Cashless Cities’

12 Oct 17 @ 12:58

Visa has announced the results of an independent study examining the economic impact of Cashless Cities and increasing the use of digital payments in major cities around the world. The... read more

80% of UK companies face “major challenges” for GDPR compliance

12 Oct 17 @ 12:40

The race against time has already begun: the new GDPR (General Data Protection Regulations), defined in 2015 to strengthen consumer protection at European level, will come into effect as early... read more

Wells Fargo ATMs launch NFC-enabled mobile wallet capability

12 Oct 17 @ 12:22

Wells Fargo & Company say that debit card customers can use the company’s ATMs without their card with NFC functionality that is launching at more than 5,000 ATMs across the US.... read more

Ripple declares $15bn of cryptocurrency reserves and 100 members

11 Oct 17 @ 11:00

Ripple, one of the biggest blockchain companies, has announced it has $15bn of cryptocurrency reserves that it may use to acquire or partner with rivals, as it seeks to dominate... read more

Payment Issuers need technology innovation to stay relevant

11 Oct 17 @ 10:00

Over the last decade, payment acquirers have made leaps and bounds in FinTech innovation — for instance, major players like PayPal, Intuit, Stripe, and Square have completely reinvented the acceptance... read more

Global B2C e-commerce market forecasted to grow at rate of 17% in 2017

11 Oct 17 @ 09:00

Global online retail is increasing rapidly with a forecasted growth rate of 17% in 2017. Asia now ‘owns’ 50% of the global B2C e-commerce market. This is one of the... read more

Global non-cash transaction volumes record highest growth of past decade

10 Oct 17 @ 13:37

According to the World Payments Report, global non-cash transaction volumes grew 11.2% during 2014–2015 to reach 433.1 billion, the highest growth of the past decade, and slightly above last year’s... read more

Taiwanese Bank bank loses $60m in Swift malware attack

10 Oct 17 @ 13:07

Almost $60 million has been stolen from Far Eastern International Bank in Taiwan using a Swift malware attack last week, with funds being routed to accounts in Cambodia, Sri Lanka and the... read more

Before and after instant payments

10 Oct 17 @ 12:34

How often have you got to the end of a project and wished you’d known something at the start? This is no bad thing because learning from one’s mistakes is... read more

EU launches Bank industry anti-trust probe into bank data sharing

09 Oct 17 @ 16:50

As the European Union prepares to usher in new data-sharing rules for banks and financial institutions, antitrust authorities are probing whether the banking industry is preventing rival FinTech services from... read more

Banks from nine countries to join EBA CLEARING’s instant payment system RT1

09 Oct 17 @ 12:13

EBA CLEARING says that banks from nine countries are preparing to join RT1, the Company’s pan-European infrastructure solution for instant payments in euro, on its go-live date in November 2017.... read more

Global websites hacked to allow crypto-currencies to be mined

09 Oct 17 @ 11:53

Hackers have managed to install code on the sites that uses visitors’ computers to “mine” the crypto-currencies. School, charities and file-sharing websites have been caught out by scammers who are... read more

Canadian banks wary of Opening Banking access to financial data

04 Oct 17 @ 10:00

As Open Banking in Europe continues to gather momentum, Canada’s banking industry has issued a warning to government about giving Canadians more control of their own banking data: proceed with caution.... read more

IMF chief gives serious backing to digital currencies going mainstream

04 Oct 17 @ 09:32

Christine Lagarde, head of the International Monetary Fund (IMF), warned central bankers that digital currencies are rising. Lagarde told them not to discount digital currencies, because they are gaining more adoption and... read more

Why it’s so important to deliver on financial inclusion

04 Oct 17 @ 09:08

Financial inclusion, particularly in the developing world, has emerged as a significant policy objective over the last decade. There is considerable will among policymakers, the development community and private sector... read more

An update on UK Open Banking API implementation

03 Oct 17 @ 11:16

In July the Open Banking Implementation Entity released specifications for the ‘Read/Write’ payment initiation and account information Application Programming Interfaces (APIs) that will go live in January 2018. This follows... read more

Lack of trust in Third-Party Providers as Open Banking rolls out across Europe

03 Oct 17 @ 09:28

Less than six months before the Revised Payments Service Directive (PSD2) makes Open Banking a reality across Europe, research from Accenture has found that two-thirds of consumers in the UK... read more

An elaborate ATM threat crops up: Network-based ATM malware attacks

02 Oct 17 @ 13:08

Infecting automated teller machines (ATMs) with malware (ATM malware) is nothing new. It’s concerning, yes. But new? Not really. We’ve been seeing physical attacks against ATMs since 2009. By physical, we... 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