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Lower cost of Instant Payments opening market for small and mid-sized banks

22 Nov 16 @ 12:51

A new study by Lipis Advisors, experts in real-time payments, has found that the cost of migrating to Instant Payments infrastructure for small and medium sized banks is far lower... read more

FinTech Disruptors Report 2017: Banks say partnering with Fintechs is essential

22 Nov 16 @ 12:23

A survey of financial institutions, FinTech start-ups and ecosystem participants across Europe, Africa and the Middle East has revealed that the convergence between the strategies of FinTechs and traditional financial... read more

App commerce set to explode in 2017 to $40 billion

22 Nov 16 @ 09:49

Global mobile commerce is now a huge 34% of all e-commerce transactions worldwide and is predicted to grow 31% in 2017. That’s over 200% faster than the growth of the... read more

Chase launches new mobile payment app Chase Pay

21 Nov 16 @ 13:39

Chase customers can download and pay with Chase Pay, its new mobile payment app that works in stores, in app and online. The Chase Pay app works at the more... read more

Barclays installs contactless ATMs to access cash

21 Nov 16 @ 13:29

Barclays says it is installing contactless ATM’s in branches across the country, enabling customers to withdraw up to £100 by tapping their mobile phone or debit cards at the terminal.... read more

Making PSD2 access to bank accounts work in practice

17 Nov 16 @ 12:19

There is a massive trend in many industries for co-development of solutions. Apple does not develop all apps themselves but provide a platform for others. Amazon does not produce own... read more

2016 FinTech investment landscape – post Brexit shakedown in UK

17 Nov 16 @ 09:54

New figures prepared for Innovate Finance on UK FinTech investment show a 26% drop in funding for British startups, illustrating the Brexit effect. Overall global investment for financial technology increased... read more

Spire Payments launches Android-based SmartPOS

17 Nov 16 @ 09:19

Spire Payments is set to launch its SPx1, a next generation SmartPOS device, and its ‘Converge’ payment software framework. The SPx1 SmartPOS is a milestone in the evolution of payment... read more

4 million ($5bn) same day ACH Payments transacted in October 2016

16 Nov 16 @ 12:11

NACHA released Same Day ACH transaction volume data for October, the first calendar month following Phase 1 implementation on Sept. 23, 2016. Same Day ACH, an industry initiative to move... read more

Finland launches first real-time mobile payments platform

16 Nov 16 @ 10:37

Automatia says it has launched Finland’s first real-time mobile payments platform based on a multi-banking platform, named Siirto. Tieto has designed and implemented the service. Siirto is an open payment... read more

NFC-ready POS terminals to reach 16.1 million in 2016

15 Nov 16 @ 14:45

According to new research from Berg Insight, the market for NFC-ready POS terminals continues to show strong momentum in 2016 with annual shipments anticipated to reach an estimated 16.1 million... read more

US Payments Forum launches new mobile and contactless payments effort

15 Nov 16 @ 12:13

Mobile and contactless payments are an area of much debate among stakeholders across the ecosystem. Questions about implementation opportunities and challenges and the uncertain future for how mobile payments will... read more

Is the customer the weakest link in risk evaluation of mobile financial services?

15 Nov 16 @ 09:29

Human fallibility is now one of the biggest risks that banks and financial institutions must manage in mobile financial services (MFS), according to a new report from the Risk Mitigation... read more

Citi launch mobile wallet and unveils global API developer hub

11 Nov 16 @ 11:46

Citibank has launched a closed loop mobile wallet dubbed Citi Pay as well as become the latest FI to open up its technology and architecture to third parties through the... read more

US credit cards gain more share of spending by 2020

11 Nov 16 @ 11:32

Credit cards, debit cards, and prepaid cards issued in the US initiated 104.41 billion purchase transactions in 2015, up 8.0%, according to The Nilson Report, the top trade journal covering... read more

20% of smartphone users use proximity mobile payments

09 Nov 16 @ 14:41

Despite double-digit growth this year and next, Americans’ use of proximity mobile payments wallets like Apple Pay, Android Pay and Samsung Pay, as well as branded apps that include mobile... read more

The growing phenomenon of default payments for digital transactions

09 Nov 16 @ 13:28

In a new report, Default payment methods, by Deloitte, it notes how consumers pay for things has always kept pace with new technologies. But the recent growth of digital commerce is... read more

Contactless card fraud: Myths and Realities exposed

09 Nov 16 @ 12:34

Contactless card fraud has made headlines this year. In this post we take a look at some of the key myths and offer explanation to the realities. No. 1 myth: ... read more

Trending

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

Visa Builds Agentic Commerce Infrastructure as Credentials Reach 5.2 Billion

29 Oct 26 @ 19:39

Visa is expanding its payments infrastructure around agentic commerce, stablecoins and tokenisation as its global credential base reaches 5.2 billion and ... more

UK Moves to Open iPhone Contactless Payments to Apple Pay Rivals

22 Oct 26 @ 18:16

The UK’s competition regulator has set out proposals that could significantly widen access to contactless payments on Apple’s iPhone, potentially lowering b... more