05 Jan 17 @ 13:04

Nigerian payments digitisation has continued to gather momentum as the value of transactions through POS channels across the country increased significantly by 65% to N651.37 billion ($2.07 billion) between January and... read more

04 Jan 17 @ 16:54

The mobile payments market ca be logically split into three major segments. Physical, mobile web browser or in-app mobile payments: Using a mobile phone as the physical form factor at... read more

04 Jan 17 @ 16:22

The Competition and Markets Authority (CMA) has found that Mastercard’s acquisition of VocaLink gives rise to competition concerns. Mastercard already owns and operates credit and debit card schemes Mastercard, Maestro and... read more

03 Jan 17 @ 16:50

As 2017 rolled into force, and with the bulk of the other financial markets closed, Bitcoin took to the main stage, hitting a new high of over $1,000. A single Bitcoin ... read more

03 Jan 17 @ 13:34

The Bank of Korea has published, as part of an overview of the central bank’s future plans, a report titled “Present Status and Key Issues of Distributed Ledger Technology” detailing policy... read more

03 Jan 17 @ 13:08

House of Fraser is reported to be investing £35 million into the app-only challenger bank Tandem to offer financial services. The investment is reported be part of a tie-up between the... read more

03 Jan 17 @ 12:27

From 2012 to 2015, credit and debit (including prepaid and non-prepaid) card payments continued to gain ground in the US payments landscape, accounting for more than two-thirds of all core... read more

20 Dec 16 @ 10:54

Euroclear announced the successful completion of its first pilot for Euroclear Bankchain, the gold bullion based blockchain solution, with FinTech company Paxos. Euroclear Bankchain is a new blockchain settlement service for London bullion due to go... read more

20 Dec 16 @ 10:36

Lloyds Banking Group has finalised the purchase of MBNA’s UK credit card business from Bank of America for £1.9 billion pounds in an effort to increase profit and reduce its reliance on... read more

15 Dec 16 @ 16:08

Mastercard and Visa have committed to accelerating the adoption of an open digital wallet, the card networks announced their agreement to allow each network to request tokenized credentials from the... read more

15 Dec 16 @ 15:32

Western Union says it is enhancing its existing relationship with Viber by enabling mobile money transfer for its 754m users worldwide, to send money domestically and internationally to more than 200... read more

14 Dec 16 @ 15:53

The value of non-cash payments in the US and UK will reach $46 trillion and £1.44 trillion respectively by 2026, new research from global law firm Paul Hastings shows. In... read more

14 Dec 16 @ 15:29

EMVCo has published transaction data that reflects year-on-year growth in the number of contact and contactless card-present payments using EMV chip technology. The data reveals that during the period July 2015... read more

14 Dec 16 @ 15:12

ACI Worldwide has been named by EBA Clearing as one of the ‘frontrunner service providers’ for the pan-European EBA SEPA Instant Credit Transfer Scheme, due to go live in November 2017.... read more

13 Dec 16 @ 16:12

Ten years after the founding of the Payment Card Industry Security Standards Council (PCI SSC), we present a mid-term report on the industry’s data security efforts. As both cyber attacks... read more

13 Dec 16 @ 14:10

Companies are faced with a two-fold problem: protecting their data from those who have access to it from the inside, and from those who exploit the human factor to access... read more

09 Dec 16 @ 10:27

The EPC published the SEPA Instant Credit Transfer (SCT Inst) scheme rulebook at the end of November 2016, after a public consultation organised earlier this year. This article discusses what’s... read more

09 Dec 16 @ 10:00

According to retailers, consumers across the UK spent in record numbers on November’s “Black Friday”. It is estimated that online spend for the day was around £1.23 billion, a 12%... read more