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US Supreme Court rejects $7.25 billion card interchange fees revival bid

29 Mar 17 @ 10:10

The US Supreme Court has declined a bid by retailers to revive a $7.25 billion antitrust settlement they reached with Visa and Mastercard over claims the card networks improperly fixed payment... read more

Mobile device malware report reveals all-time high in mobile device infections

28 Mar 17 @ 12:16

The latest Threat Intelligence Report reveals a new all-time high in mobile device malware infections, a sharp increase in compromised smartphones and major IoT device security vulnerabilities. Issued twice per year, the... read more

UK e-commerce sales up 15%, but growth through mobile payments slowing

28 Mar 17 @ 10:58

UK e-commerce sales were up +15% year-on-year (YoY) in February, according to the latest figures from the IMRG Capgemini e-Retail Sales Index, building on solid growth in February 2016 (+16%). For... read more

Changes in European payment card products: Not always as expected

28 Mar 17 @ 10:37

First Annapolis has been closely monitoring European payment card products since October 2015 to identify issuers’ reactions to interchange regulation implemented in December 2015, and to track the evolution of... read more

New highs of Bitcoin price inspiring a new wave of scams

27 Mar 17 @ 12:42

The surge in Bitcoin price has led to an uptick in related crimes during the first three weeks of March, just as the cryptocurrency was moving to integrate into conventional... read more

Collaboration between banks and FinTechs now key to survival with connected consumers

27 Mar 17 @ 12:24

With the EU’s Second Payment Services Directive (PSD2) and open architecture framework set to come into force next year, regulation may well tip the scales between banks and FinTechs for... read more

US Payments Forum provides guidance on card-not-present fraud

24 Mar 17 @ 12:20

With card-not-present fraud a global concern, many countries have deployed various fraud prevention tools to help curb fraud in both online and mobile channels. In this report, the U.S. Payments... read more

Bench marking the US Debit Issuers performance – 2014 to 2016

24 Mar 17 @ 10:45

A recent First Annapolis Consulting survey showed that leading US debit issuers continued to experience strong portfolio performance in 2016, with year-over-year transaction growth in the high single-digits. Issuers averaged... read more

The EBA is wrong about screen scraping — and it’s going to hurt European FinTech!

24 Mar 17 @ 10:33

On 23 February, the European Banking Authority (EBA) announced its intention to outlaw screen scraping in one of their Regulatory Technical Standards (RTS) complementing the revised Payment Services Directive (PSD2),... read more

New UK cheque clearing system to be rolled out

22 Mar 17 @ 17:14

The UK is set to roll-out an image-based cheque clearing system from 30 October 2017. The Cheque and Credit Clearing Company have announced that waiting for five to six working days... read more

Cyber security: smartphone owners don’t secure their devices

22 Mar 17 @ 09:19

Cyber security, in particular mobile data security is a big issue. Recent Wikileaks claims of the C.I.A. hacking smartphones have once again brought the issue of mobile security to the forefront. In... read more

FCA investigate British banks‘ role in Russian money laundering scheme “Laundromat”

22 Mar 17 @ 08:52

The FCA is investigating the role of British banks in the alleged processing of hundreds of millions of pounds for a Russian money laundering scheme dubbed “the Laundromat” the growing scrutiny... read more

Global flows in a digital age: How trade, finance and data connect the world economy

21 Mar 17 @ 13:14

Global flows have been a common thread in economic growth for centuries, since the days of the Silk Road, through the mercantilist and colonial periods and the Industrial Revolution. But... read more

G20 should create central bank led blockchain consortium

21 Mar 17 @ 12:48

Centre for International Governance Innovation (CIGI) has urged G20 members to take control of blockchain technology by building an international, regulatory framework. Blockchain is key for an inclusive, transparent and... read more

M-Pesa continues dominant position in Kenyan mobile money market

20 Mar 17 @ 16:58

Despite increased competition, M-Pesa is maintaining a large lead the Kenyan market, according to official statistics.Over KES1 trillion ($10 billion) of mobile money deposits and withdrawals took place in Kenya... read more

MagikPOS malware hits North American Point of Sale systems

20 Mar 17 @ 14:43

Trend Micro has warned of a new POS malware dubbed MagikPOS, that is being used to attack POS systems belonging to businesses in the US and Canada. The MagikPOS malware... read more

The US payments landscape: EMV, card-not-present and mobile ecosystems

17 Mar 17 @ 12:35

There are a lot of moving parts in the US payments landscape with the ongoing EMV migration to chip technology, growth in mobile payments and contactless payments, and the increasing... read more

Infograph: PSD2 explained – why was the Payment Services Directive created

17 Mar 17 @ 12:26

In less than a year the revised Payment Services Directive (PSD2) will be implemented in European Union (EU) Member States. The Second Payment Services Directive (PSD2) is a fundamental piece of... read more

Trending

Swift launches new framework for cross-border payments

09 Mar 26 @ 14:45

SWIFT has introduced a new international payments framework aimed at significantly improving the speed, transparency and predictability of cross-border retail t... more

Credit’s next competitive frontier beyond top of wallet

12 Mar 26 @ 18:21

For years, the credit card industry has pursued a simple ambition: to become the card a consumer reaches for first. [caption id="attachment_52085" align="a... more

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