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Dutch banks join forces to launch all-in-one mobile payments app Payconiq

25 Apr 17 @ 14:23

Six of the major Dutch banks – ABN Amro, ASN Bank, ING, Rabobank, Regiobank and SNS – say they will launch Payconiq, a mobile payments app this summer. The app,... read more

Social network payments now reach nearly $3 trillion in China

24 Apr 17 @ 14:09

A new UN study reveals that social network payments through Alipay and WeChat Pay enabled $2.9 trillion in Chinese digital payments in 2016, representing a 20-fold increase in the past four... read more

BBVA complete blockchain based money transfer pilot with Ripple

21 Apr 17 @ 16:42

BBVA just completed the first real-life implementation of an international money transfer using Ripple’s new Distributed Ledger Technology (DLT). The transaction, running on BBVA infrastructures with real money, successfully completed... read more

Visa’s $20 billion European expansion beginning to pay off

21 Apr 17 @ 16:10

Visa Inc. acquired Visa Europe, spent a lot, and says it has no regrests. Revenue climbed more than analysts expected in the fiscal Q2 and is expected to increase to the upper end of... read more

Staying one step ahead in the ATM security challenge

21 Apr 17 @ 13:45

This year marks 50 years since the introduction of the first ATM, which was put into use by Barclays in its Enfield branch in north London on 27th June 1967.... read more

Mastercard unveils next generation biometric card in South Africa

20 Apr 17 @ 15:49

Mastercard has unveiled its next generation biometric card, combining chip technology with fingerprints to conveniently and safely identify cardholders for in-store purchases. South Africa is the first market to test the evolved... read more

InterContinental confirms malware based payment card breach at 1200 hotels

19 Apr 17 @ 15:52

In December 2016, KrebsOnSecurity broke the news that fraud teams at a number of banks were seeing a pattern suggesting a widespread, malware based, payment card breach across some 5,000 hotels worldwide owned... read more

FinTech in the MENA region – Payments take centre stage

19 Apr 17 @ 13:38

According to a new report, the FinTech (financial technology) sector is rising globally, and has already arrived in the Middle East and North Africa (MENA). In fact, the number of... read more

Samsung introduce Contactless Companion Platform to enable “Digital Cash for Everyone”

19 Apr 17 @ 11:39

Samsung has announced the launch of the Contactless Companion Platform (CCP) together with its ecosystem partners, Smartlink and Ingenico, built with its dual interface smart card chip for Digital Cash... read more

Updated Android Pay selected by top global banks to enhance mobile banking apps

18 Apr 17 @ 13:48

Android Pay has linked its mobile wallet service to a handful of mobile banking apps, giving consumers the ability add their cards more quickly to the mobile wallet. Customers of Bank of... read more

Swift introduces fraud tool but comes under pressure from hacking group NSA claims

18 Apr 17 @ 13:39

Swift has revealed a service designed to help banks spot fraudulent messages and avoid a repeat of the now infamous Bangladesh Bank hack. Customers are able to integrate the service directly into... read more

ACH volume grows to more than 25 billion payments and $43 trillion

18 Apr 17 @ 10:53

Following four consecutive quarters of more than 5 billion electronic payments in each quarter – a first for the ACH Network – overall volume in 2016 amounted to 25.6 billion... read more

A step towards financial inclusion with mobile banking using new ISO standards

13 Apr 17 @ 10:35

Mobile banking not only makes our life easier, it gives access to banking services to those that have none. A new series of standards just published will provide the platform... read more

Hong Kong Central Bank set to trial digital currency due for launch in 2017

12 Apr 17 @ 12:50

Hong Kong’s  central bank, the Hong Kong Monetary Authority is reported to be developing a prototype digital currency. The disclosure came in a Hong Kong legislative document published by the Legislative Council Panel... read more

Disappearing payments: How to navigate the future

12 Apr 17 @ 12:22

The future of payments won’t be about payments, it’ll be about data. Specifically the contextual data that travels with payment, rather than the payment message itself. Payment will cease to... read more

Mastercard gains regulatory approval to acquire VocaLink

11 Apr 17 @ 15:10

Mastercard says the UK’s Competition & Markets Authority’s decision has cleared the way for the completion of the company’s planned acquisition of VocaLink. The CMA gave final approval for the proposed set... read more

Apple Pay mobile payment adoption rates poor… and slowing

11 Apr 17 @ 13:22

When Apple launched its Apple Pay mobile payment service more than two years ago, it hoped to speed up the checkout process and, ultimately, to replace physical wallets for US... read more

PSD2: Towards a platform approach — what banks need to know

11 Apr 17 @ 12:13

Open innovation is undoubtedly one of the drivers behind PSD2. However, the trend towards open banking and APIs is a global one that goes beyond European legislation. And effects more... read more

Trending

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

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

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