14 Jul 16 @ 14:26

Absa Bank, the South African subsidiary of Barclays Africa Group, has joined the R3 blockchain consortium representing over fifty major corporations from around the world. Absa will also be working towards developing a... read more

13 Jul 16 @ 17:55

When it comes to user engagement, Facebook’s reigns supreme above all others. WhatsApp has exceeded 1 billion users, and Facebook Messenger reports 900 million users, handling 60 billion messages a day combined — three times... read more

13 Jul 16 @ 10:24

For over a year after its introduction, Apple Pay was the only real option for consumers who wanted to pay with their smartphone. That changed towards the end of 2015,... read more

13 Jul 16 @ 09:54

Seamless Distribution AB (Seamless) has acquired the Norwegian contactless payments technology company MeaWallet AS (MeaWallet). The purchase price amounts to approximately SEK 42.8  (£3.78) million and payment is made through... read more

12 Jul 16 @ 15:30

Card fraud rates are on the rise in many parts of the world despite the widespread adoption of fraud analytics solutions by financial institutions and retailers, along with EMV in... read more

12 Jul 16 @ 13:58

Over the past month we have observed a number of important mobile wallet developments. Announcements from Wells Fargo, Visa and Apple have highlighted the growing competition among FIs, merchants and... read more

12 Jul 16 @ 10:24

The Financial Conduct Authority is reportedly probing the £2.7bn P2P lending sector for the second time in two years, following widespread calls for tougher regulation of so-called “alternative finance” providers. On Friday,... read more

11 Jul 16 @ 13:28

Ransomware and malicious insiders are on the rise and upper management is showing greater interest in information security – according to a new threat intelligence report from IBM X-Force. Ransomware... read more

11 Jul 16 @ 13:01

New data has found that spend on digital retail marketing is set to increase from $174 billion in 2015, to $362.1 billion by 2020. The research found that whilst the digital... read more

11 Jul 16 @ 12:18

Research from Pay by Bank app, has found 39% of London Underground passengers are shopping daily on the Tube (see infographic) – commuter commerce. This equates to 1.5 million Londoners... read more

08 Jul 16 @ 12:34

Sberbank, the Russian bank, has founded a new subsidiary – SB-Telecom – which will act as an MVNO, reports Vedomosti. The new company will provide telecommunications services for companies within the Sberbank... read more

07 Jul 16 @ 13:55

If you don’t already bank, shop or make mobile payments using your mobile device, there’s a good chance that you’ll start within the coming year. At least, that’s what the... read more

07 Jul 16 @ 13:05

Law enforcement agencies and businesses are losing the cybercrime “arms race” with online criminals, the UK’s National Crime Agency has warned. The technical capabilities of criminal gangs are outpacing the... read more

07 Jul 16 @ 12:48

Walmart announced that Walmart Pay is now available in the more than 4,600 Walmart stores nationwide. Available through the Walmart app, Walmart Pay works with any iOS or Android device,... read more

06 Jul 16 @ 16:38

In an ill advised move, the European Commission is proposing expanding its anti-money-laundering rules to cover virtual currencies and prepaid cards, in a bid to fight terror financing and tax evasion... read more

06 Jul 16 @ 16:08

In an interesting report, Cifas has released new figures showing a 52% rise in young identity fraud victims in the UK. In 2015, just under 24,000 (23,959) people aged 30... read more

06 Jul 16 @ 15:30

Following the news that a group of Chinese FI’s had grouped together to form an blockchain consortium, a group of Russian banks and financial services companies has formed a private-sector consortium focused... read more

06 Jul 16 @ 12:00

UK consumers are preparing a £19 billion ($24.7 billion) class action lawsuit against MasterCard, almost two years after a European Union court ruled the interchange fees the company had charged for cross-border... read more