02 Jun 17 @ 12:05

So, contactless card fraud hit £7m in the UK in 2016, up from £153k in 2014. Cue click-bait headlines about fraud soaring by almost 4,500%. When you dig a bit... read more

01 Jun 17 @ 16:36

Concerns about identify theft and credit card fraud aren’t stopping most Americans from storing their credit and debit card information online, a new report reveals. Two out of every three... read more

01 Jun 17 @ 13:58

E-commerce fraud as a percent of sales dollars has been declining across the board, except for two industries, since the first quarter of 2016. However, fraud losses still account for... read more

01 Jun 17 @ 09:23

New research suggests that the rapid digitisation of consumers’ lives and enterprise records will increase the cost of cybercrime via data breaches to $2.1 trillion globally by 2019, increasing to... read more

31 May 17 @ 11:16

A multi sector consortium of Spanish companies which are pioneers in their different industries has created the Red Lyra, the first multi sector technology platform in the world based on... read more

31 May 17 @ 10:53

Apple and Visa have been hit with an Apple Pay patent infringement lawsuit by Universal Secure Registry (USR), a small US company, that alleges their mobile-payment partnership infringes four of its patents. In a... read more

31 May 17 @ 09:33

First Data has agreed to acquire smaller payments processing company CardConnect in a deal worth around $750 million, the companies said on Tuesday. First Data will pay $15.00 per share in cash for... read more

30 May 17 @ 11:21

Visa announced enhancements to its Verified by Visa service, designed to make online purchases more secure by helping ensure payments are made by the rightful owner of the Visa account.... read more

30 May 17 @ 10:53

Just a week after the R3 group took a record funding round, the Bank of Canada has said distributed ledger technology, a new approach for processing transactions that is being... read more

25 May 17 @ 10:26

Rapid growth in the use of contactless cards means cash will be overtaken as Britain’s most frequently used payment method by the end of 2018, according to a new report.... read more

24 May 17 @ 17:04

Financial and technology companies led by Bank of America,SBI Holdings, HSBC, Intel and Temasek Holdings have invested $107 million in R3 CEV which runs a big bank consortium seeking to develop... read more

24 May 17 @ 09:57

Spanish bank BBVA says it is open for business with its Open Banking programme and is making eight of its APIs commercially available for the first time ahead of the new PSD2... read more

23 May 17 @ 13:26

New research from FIS reveals that Britain’s challenger banks are outscoring their High Street counterparts in meeting their needs for digital payments, easy to understand and use products/services, innovative products/services and... read more

23 May 17 @ 12:57

TransferWise has extended its offering by launching a new service that takes it into the realms of looking more like a bank. For the first time, TransferWise will hold money on deposit for its... read more

22 May 17 @ 14:34

The Internet of Things will change how commerce and transactions are conducted, and in turn will require changes in payments. For the Internet of Things (IoT) to deliver on its... read more

19 May 17 @ 12:21

Global card purchase volume for goods and services, which excludes cash advances on credit cards and cash withdrawals on debit cards across the global card networks, grew by 5.8% to... read more

19 May 17 @ 12:11

Adoption of more expensive chip cards continues to drive global card growth with 70% of all financial cards now having a chip, according to the International Card Manufacturers Association’s (ICMA) release... read more

19 May 17 @ 11:22

The Euro Banking Association has issued a new information paper looking into potential benefits and use cases of cryptotechnologies in the context of international payments and more specifically correspondent banking practices.... read more