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Discover becomes most widely accepted card scheme worldwide

26 Sep 16 @ 13:04

Discover is now the most widely accepted card scheme worldwide ahead of Visa and Mastercard, largely due to rapid growth in the number of outlets accepting Discover cards in China.... read more

Ripple signs global banks to blockchain-based money transfers

26 Sep 16 @ 12:55

SWIFT, post hacking scandal, may have some competition as a number of major global banks have signed with Ripple Labs to found a new global transfer system based on Ripple’s... read more

Contactless card fraud warning – a fraud solution

23 Sep 16 @ 12:08

Recent industry news has brought to light the issue of contactless card fraud relating. Contactless cards are increasingly popular in the UK, with the value of contactless purchases increasing by... read more

Accenture implements payments processing platform – PPaaS – with UniCredit

23 Sep 16 @ 09:15

Accenture announced a multi-year contract with UniCredit Business Integrated Solutions to implement a state-of-the-art Payments-Platform-as-a-Service (PPaaS) solution. Accenture’s new PPaaS solution, which is built on DH Corporation’s (TSX: DH) (D+H)... read more

How digital financial services will boost growth in emerging economies

23 Sep 16 @ 08:38

Delivering digital financial services by mobile phone could benefit billions of people by spurring inclusive growth that adds $3.7 trillion to the GDP of emerging economies within a decade. Two... read more

Global digital payments reach 10% growth: World Payments Report 2016

22 Sep 16 @ 13:08

According to the World Payments Report 2016, global digital payment volumes continue to increase, with annual growth projected to top 10% for the first time to reach 426.3 billion transactions... read more

World of Warcraft or World of Cyber Crime-Craft?

22 Sep 16 @ 11:48

In the coming months, there are stong warnings that cybercrime and money laundering in online games – such as World of Warcraft – will be a growing concern. As regulators... read more

Cash no longer king in UK – contactless the king slayer

21 Sep 16 @ 14:33

Cash was used for less than half of all retail transactions across the UK in 2015 according to the BRC’s annual Payments Survey. The report looks at the methods of... read more

Post Brexit EU Financial Institute passport confusion as both sides flex muscles

21 Sep 16 @ 13:46

There are growing fears in the industry that post Brexit, the UK will lose the passporting rights that allow financial services companies licensed in one EU state to provide services... read more

The Clearing House signs IBM to transform the US real-time payments

21 Sep 16 @ 09:33

IBM says The Clearing House, a national payments system operator for the US banking industry, has selected it to help deliver a new real-time payments system due to roll out... read more

Financial fraud incidents up 53% – one committed every 15 seconds

20 Sep 16 @ 16:03

More than 1 million incidents of financial fraud occurred in the first six months of 2016, according to official figures released by Financial Fraud Action UK (FFA UK). Representing a... read more

Accenture stirs up trouble with blockchain editing technique

20 Sep 16 @ 15:07

Accenture is stirring up a blockchain storm within the community by patenting a technique for editing information stored using the nascent technology in a move designed to make it more... read more

Banks trusted most to deliver biometric authentication of the future

19 Sep 16 @ 09:49

The UK is placing its trust in banks over government agencies to protect their biometric data such as fingerprints and iris scans, according to new research from Visa. Consumers are... read more

Apple loses further ground in battle to open NFC app to 3rd parties

16 Sep 16 @ 15:35

Moving beyond the now well document spat in Australia, a group of South Korean companies have taken take action against Apple to push the technology provider into opening up the... read more

SA telco MTN scraps mobile money business

16 Sep 16 @ 14:42

Proving the difficulties that many MNO’s are having in providing financial services, MTN has pulled the plug on its South African mobile money business, saying it was not viable in... read more

Apple Pay Vs Android Pay Vs Samsung Pay: How mobile wallets compare

16 Sep 16 @ 13:41

Monthly consumer adoption of mobile wallets (including those offered by merchants, card issuers, and the “Pays”) has nearly doubled in three years from 11% to 21%. However, monthly frequency of... read more

Messaging meets open global social payments on iOS 10

14 Sep 16 @ 14:38

Circle for iMessage, which enables anyone using iOS 10 to send and receive social payments without fees to anyone in the world directly within Apple’s iMessage launched today. Customers can... read more

Visa mobile money service to compete with M-Pesa

14 Sep 16 @ 13:49

Visa will introduced a mobile money service to enable cashless transactions in Kenya, where the majority of wireless payments are transacted through Safaricoms M-Pesa. The mVisa app will initially facilitate... 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

Starling Builds UK-Sovereign AI Model With Nvidia and Civo

15 Oct 26 @ 19:41

Starling is developing a transactional foundation model with Nvidia that will be trained and hosted entirely within a UK sovereign cloud, as the digital bank lo... 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