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90% of UK unaware of Open Banking – would not consent of personal data sharing

24 Jan 17 @ 10:48

Research from Equifax has revealed that 90% of UK consumers have not heard of the Open Banking initiative, with 45% of respondents then going on to say that they are... read more

2016: The year of the mobile banking app

23 Jan 17 @ 15:15

What has changed in mobile banking apps and m-payments in the UK since last year? We examine consumers’ understanding and attitude towards m-payment options, and the implications. MOBILE BANKING 2016... read more

European Payment Card Statistical Yearbook

23 Jan 17 @ 14:59

Understanding the different characteristics and new dynamics of the individual European domestic markets by country is essential. This European Payment Cards Yearbook edition provides a historical context for the current state of the marketplaces while looking... read more

Lloyds hit by international criminal gang cyber attack

23 Jan 17 @ 10:55

A cyber attack by an international criminal gang is though to be responsible for digital services at Lloyds Banking Group being intermittently down for more than two days. The denial of service... read more

Mobile payments fraud set to become painful in 2017

23 Jan 17 @ 10:43

The mobile channel can facilitate nearly any type of consumer payment, often with greater convenience than before. This has attracted a growing legion of dedicated users, yet wherever legitimate payments... read more

US data breaches increase 40 percent in 2016

20 Jan 17 @ 12:18

The number of US data breaches tracked in 2016 hit an all-time record high of 1,093, according to a new report released today by the Identity Theft Resource Center (ITRC)... read more

UK Shoppers online spending hits £1 billion on average per week

20 Jan 17 @ 10:39

According to the latest figures revealed by ONS, retailers saw continued growth in online spending throughout December which continued into the New Year. Figures show retail sales increased by 4.3% compared... read more

Western Union settles $586m anti-money laundering fine

20 Jan 17 @ 10:27

Western Union has agreed to settle $586m after admitting that it violated US anti-money laundering laws by ignoring evidence that thousands of its agents were involved in sending illicit cash... read more

Daimler acquire PayCash Europe to launch Mercedes Pay

20 Jan 17 @ 10:13

Daimler AG, the parent company of Mercedes-Benz, has taken over PayCash Europe with the intent to launch Mercedes Pay. With increasing interest in FinTech and systems, companies are trying to... read more

Payment Card Statistics for Europe and Eurasia – Yearbooks 2016-17

19 Jan 17 @ 10:53

PCM would like to announce the publication of the updated Payment Card Statistical Yearbooks 2016-17 (Statistics for Europe and Eurasia) – and its corresponding website paymentyearbooks.com. In this business, we know you need to... read more

More than 6 billion smartphones by 2020 – 7.5 billion users

19 Jan 17 @ 10:37

The global smartphone installed base will grow from 4 billion in 2016 to more than 6 billion smartphones in use by 2020, according to new analysis released by IHS Markit. Messaging and... read more

EBA kick-off pan-European instant payment system testing phase

19 Jan 17 @ 10:13

EBA CLEARING announced the kick-off of the testing phase for its pan-European instant payment infrastructure platform scheduled to go live in November 2017. 28 of the funding institutions from all over... read more

US payments: credit cards continue dominance over debit cards and cash

19 Jan 17 @ 09:42

Credit cards continued to gain share against all other forms of payment in the US in 2015 according to the The Nilson Report, after measuring 11 methods of consumer payments in the... read more

Nigerian Central Bank bans Bitcoin and virtual currency

19 Jan 17 @ 09:29

The Central Bank of Nigeria (CBN) has barred deposit taking banks and all other financial institutions from the operation of any form of virtual currency. The warning by the Apex bank... read more

Webinar: Data Protection in the Changing Payments Landscape

18 Jan 17 @ 10:52

With continued improvements in payments security through technologies such as P2PE and EMV, the PCI community has been effective at combating crime in a wide variety of financial institutions, retail... read more

CMA considers Mastercard acquisition of VocaLink remedies

18 Jan 17 @ 09:56

Earlier this month, the Competition and Markets Authority (CMA) announced that Mastercard acquisition of VocaLink would face an in-depth investigation, unless the companies could address the CMA’s competition concerns over the... read more

2017 – the year that AML fines break through the £4 billion barrier globally?

17 Jan 17 @ 15:14

The amount of money laundered by foreign criminals is estimated to be as high as £100 billion a year and unlawful tax avoidance costs UK taxpayers as much as £2.7... read more

European banking heavyweights set to collaborate on blockchain

17 Jan 17 @ 09:46

Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Société Générale and UniCredit signed a Memorandum of Understanding to collaborate on the development of a shared cross-border trade finance platform for small and... 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