magazine

Latest Issue

Digital Currency Convergence

Subscribe now

Daily Insights

Global payments news direct to your inbox

Sign up free

DAILY NEWS

ALL NEWS

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

The opportunities and challenges of payments processing in China

02 Oct 17 @ 12:50

China, boasted over $811.96 billion in e-commerce sales in 2016, 122 million outbound travellers, and a record number of students studying abroad. This has created a booming opportunity for global marketplaces, marketplace sellers, e-commerce... read more

Mastercard launch Early Detection System to combat card fraud after data breaches

02 Oct 17 @ 10:46

It can now take as little as 9 minutes for stolen card and account data to be used via the dark web. With this in mind, Mastercard has announced the... read more

Mastercard unveils next generation biometric card

29 Sep 17 @ 16:27

Mastercard has unveiled the next generation biometric card, combining chip technology with fingerprints to verify the cardholder’s identity for in-store purchases. South Africa was the first market to test the... 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