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Fit Pay secures $3.1 million in seed funding

08 Feb 16 @ 12:08

Fit Pay, a wearable payments startup founded by former Visa and CyberSource executives, has raised $3.1 million in a seed funding round led by Germany’s Giesecke & Devrient. The startup,... read more

Stellar launches instant money transfer service in Nigeria

08 Feb 16 @ 12:05

Stellar.org, a non-profit startup foundation that supports a universal financial platform, has been a part of the Fast Forward accelerator, which is funded in part by Google and BlackRock. The instant... read more

The cheque is dead – Long live the cheque

04 Feb 16 @ 16:39

On learning that his obituary had been published, Mark Twain telegraphed: “Reports of my death are greatly exaggerated”. The same could be said of the cheque.

Gen Y consumers drive future of payments in Asia Pacific

04 Feb 16 @ 16:31

The power within the payment value chain in Asia is shifting to Gen Y consumers aged 25-34, a new study finds.

Interchange regulation begins to take effect in Europe

04 Feb 16 @ 15:24

As of December 9, interchange regulation, which caps rates in Europe are now capped at 30 bps for credit cards (commercial cards excluded) and 20 bps for debit and prepaid cards.

Western Union and Viber to provide cross-border money transfer

04 Feb 16 @ 14:02

Western Union and Viber, a mobile messaging app with 664 million unique users worldwide, have announced an agreement to offer cross-border money transfer

US EMV activity rising steadily

03 Feb 16 @ 15:55

US EMV activity rising steadily, but some industry observers bemoan the slow EMV adoption in the United States since 2015.

Barclays reveals launch of Apple Pay in UK

03 Feb 16 @ 15:23

Barclays, has revealed that it will support Apple Pay from March. The bank been the only major financial institution in the UK that had not announced its support for apple’s mobile payments. Customers at Barclays... read more

Number of UK e-money providers more than doubles over two years

03 Feb 16 @ 12:42

There has been a sharp rise in the number of e-money providers registered with the Financial Conduct Authority (FCA) over the last two years, with 79 now authorised in total,... read more

2015 in Review: The year that FinTech hit form

03 Feb 16 @ 11:23

What a difference twelve months can make. Industry conversations at 2014’s Mobey Day, (Mobey Forum’s annual open conference for all mobile money stakeholders) told of an industry undergoing major FinTech... read more

2016 Identity Fraud Study

02 Feb 16 @ 15:39

The 2016 Identity Fraud Study released by Javelin Strategy & Research, revealed that the number of identity fraud victims increased by 3% (13.1 million consumers) in the US last year, but that... read more

ECB plans new system for bank transfers

02 Feb 16 @ 14:40

The European Central Bank is working on a new plan for bank transfers, allowing consumers to transfer money using their phone numbers or email addresses rather than a complicated bank account... read more

MyBank posts strong growth in 2015

02 Feb 16 @ 11:29

MyBank has reported strong growth for 2015 both in the volume and value of transactions as well as in the number of merchants offering MyBank. More than €650 million worth of payment... read more

A consumer perspectives on Apple Pay – usage and stats

02 Feb 16 @ 11:16

Recent First Annapolis consumer research suggests that only one in five iPhone 6 users has made a purchase with Apple Pay, and that the overall adoption rate for Apple Pay... read more

German banks back paydirekt – a new online payment method

02 Feb 16 @ 10:15

Germany has a new online payment method. Launched during the final quarter of 2015, paydirekt facilitates ACH-funded payments between consumers and merchants. Germany already has various alternative online payment types,... read more

FIS Launches ATM TestBench

02 Feb 16 @ 09:29

FIS has unveiled the industry’s first test solution that focuses on automated application testing for physical ATMs. FIS ATM TestBench helps banks and ATM service operators shorten test cycles, increase... read more

Digital Payments Survey

01 Feb 16 @ 15:53

Payments Cards & Mobile, the award-winning publisher, and American Express, a leading global payments brand, have partnered with payments consulting firm Accourt to conduct a survey on the state of Digital Payments.... read more

MasterCard and Visa post strong earnings

01 Feb 16 @ 12:23

Rival payment processors MasterCard and Visa both posted higher earnings than Wall Street expected as US customers increased card spending at the end of 2015, a period including the lucrative holiday shopping season. MasterCard... 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