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THE GLOBAL WALLET WAR: WHO WILL OWN THE CUSTOMER?

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Digital commerce in Asia Pacific recorded 113% growth in 2015

05 Jul 16 @ 14:34

According to Euromonitor’s data, Asia Pacific continues to top the digital commerce in 2014 – 2015, with mobile retailing sales reaching $200 billion, an increase of 113%. In 2015, the... read more

Initial perspective on post Brexit payments market

05 Jul 16 @ 10:57

British voters’ decision to Brexit and leave the European Union on June 23 shocked markets around the world. It might also have significant implications on the development of the payments... read more

UAE mobile wallet payments to exceed $13bn in 5 years

05 Jul 16 @ 09:41

UAE banks have agreed to move forward with a mobile wallet project which will all devices to accept mWallets payments. The Mobile Wallet Project is expected to see AED50 billion... read more

Issuers confront card fraud and account takeover in a post-EMV US

01 Jul 16 @ 16:54

Card fraud is a multibillion-dollar moving target that continues to become ever more complicated for issuers due to the introduction of new channels and products. In fact, over the last... read more

Visa and MasterCard’s $7.25 billion settlement rejected

01 Jul 16 @ 16:37

A federal appeals court on Thursday threw out a $7.25 billion antitrust settlement among Visa,MasterCard  and millions of retailers over credit card fees. The 2nd US Circuit Court of Appeals... read more

UK debit cards reach 100 million for first time

30 Jun 16 @ 12:00

There are now more than 100 million debit cards in circulation in the UK for the first time.The milestone was passed in April, the latest figures from The UK Cards... read more

60 Danish banks launch NFC mobile wallet

30 Jun 16 @ 10:09

Nets has been selected by Danish banking collective, the BOKIS partnership, to launch a new NFC mobile wallet solution powered by its HCE and tokenisation platform. The BOKIS partnership includes... read more

Wirecard enters North America with Citi Prepaid Card acquisition

30 Jun 16 @ 08:53

Wirecard has reached a definitive agreement to acquire Citi Prepaid Card Services. Citi Prepaid card services have launched over 2,500 client programs, associated with top companies and brands across the... read more

The Internet of Things and NFC

29 Jun 16 @ 18:11

By connecting billions of familiar devices, the Internet of Things (IoT) promises to improve how we live, work, and play by turning our homes, cars, offices, and cities into smart,... read more

31 Chinese FI’s form blockchain consortium

29 Jun 16 @ 18:00

Chinese financial services firm Ping An Bank and a subsidiary of QQ instant message app maker Tencent are among more than 30 technology and financial firms in China that have... read more

Charging for credit and debit cards – the norm under new rules?

29 Jun 16 @ 10:03

New standards on how much businesses can surcharge their customers for credit and debit card purchases start in September. However, it’s not clear how the rules will be policed and whether... read more

Second retailer sues visa over PIN transactions

28 Jun 16 @ 16:48

Kroger is to join Wal-Mart and sue Visa over debit-card PIN transactions, saying the payment network has levied fines against it and threatened to raise fees and cut off its acceptance of... read more

BlueSnap EU launch sees 115% growth in mobile checkout transactions

28 Jun 16 @ 16:35

BlueSnap says that they have seen 115% growth in mobile checkout transactions since launching in Europe. As a PSP, BlueSnap offers e-commerce merchants a unique solution with a gateway, an instant... read more

SWIFT signs global banking payments initiative

28 Jun 16 @ 16:20

SWIFT says that 73 banks worldwide have now joined its global payments initiative, designed to improve the cross-border payments experience. Recent banks to join the initiative include, Alfa-Bank, Axis Bank, Banco... read more

Apple Pay POS ads increases Apple Pay transactions by 26%

27 Jun 16 @ 12:23

USA Technologies announced the results of a study testing whether targeted POS advertising of Apple Pay acceptance would increase usage of mobile payments by consumers. According to early results, USAT believes that... read more

South African e-commerce market slow to ignite

27 Jun 16 @ 11:12

South Africans have shopped online, but their total e-commerce spend is only a fraction of retail spend in the country. Effective Measure, a provider of digital audience, brand and advertising... read more

NCR launches latest version of Authentic for transaction processing

27 Jun 16 @ 10:50

NCR Corporation has released the fastest, most secure version of its transaction processing solution, Authentic, which is the first major payments platform to be compliant with the PA-DSS 3.1 standard. Authentic... read more

Euroclear and itBit collaborate on blockchain solution for gold

27 Jun 16 @ 10:24

Euroclear and itBit, a financial services company delivering blockchain services for capital markets, announced their collaboration to explore opportunities in creating a next generation settlement service for the London gold... read more

Trending

Visa launches Intelligence Commerce Connect tool

14 Apr 26 @ 20:03

Visa is stepping up its push into agentic commerce with the launch of Intelligent Commerce Connect, a new tool intended to help businesses plug into AI-driven s... more

Revolut eyes an IPO, but the valuation story is the real headline

21 Apr 26 @ 14:35

Revolut is beginning to sound more like a future public market heavyweight than a fast-growing European fintech. Chief executive Nik Storonsky has said the com... more

American Express launches agentic commerce developer kit

16 Apr 26 @ 11:46

American Express is positioning itself early for what could become one of the next major shifts in digital payments: AI agents that do more than recommend produ... more