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

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

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

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

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

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

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

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

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

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

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

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

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

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

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