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UK set to make 120 million payments a day

19 Oct 15 @ 12:00

An all-time record 44 billion payments will be made in 2024, up 3.4 billion over 10 years, equating to 120 million payments per day. The increase will be driven by... read more

How the Dridex malware ring was taken down

16 Oct 15 @ 15:46

Thanks to an international law enforcement operation, the ultra-virulent Dridex malware and related botnet have been disrupted as the US’s DOJ targets a Moldovan man in connection with Dridex malware thefts.... read more

Visa and MasterCard launch cyber intelligence services

16 Oct 15 @ 10:13

Visa and FireEye announced the launch of Visa Threat Intelligence, a cyber intelligence service, Powered by FireEye. Tailored to the needs of the payments industry, this new service will deliver... read more

Newly designed ATM offers cash via mobile phone

16 Oct 15 @ 10:04

Wincor Nixdorf has announced the launch of a new automated teller machine (ATM), that allows customers to withdraw cash using a smart phone or a near-field communications (NFC) card. The... read more

The Internet of Things

16 Oct 15 @ 09:38

IDATE has published its analysis of and forecasts for the global Internet of Things (IoT) market. An opportunity to deliver a synthesis of the Institute’s many reports on the matter... read more

Worldpay IPO raises £2.5bn

14 Oct 15 @ 05:55

Worldpay has announced plans to raise as much as £2.5bn in the UK’s biggest initial public offering of the past two years. The payments processor priced its listing slightly below... read more

LG applies for G Pay trademark

14 Oct 15 @ 05:48

Following in the wake of Apple and Samsung, LG Electronics is rumoured to also be entering the global mobile payment market with G Pay. Not only is it entering South... read more

Target: Basic security failures to blame for breach

13 Oct 15 @ 08:54

In the immediate aftermath of the Target 2013 breach, Verizon consultants probed its network for weaknesses and came back with results that point to one overriding – lesson: be sure to... read more

National ITMX and VocaLink sign for national mobile payments service in Thailand

12 Oct 15 @ 12:20

National ITMX, Thailand’s main interbank payments provider and VocaLink have announced their joint study into potential collaboration to develop mobile payments in Thailand. VocaLink designed, built and manages the real-time technology behind... read more

A million new ATMs installed in five years

12 Oct 15 @ 12:06

The worldwide ATM installed base grew 7% in 2014, to reach three million units, according to RBR’s newly published Global ATM Market and Forecasts to 2020 report. This comes just... read more

Regulators move to halt global payments fragmentation

12 Oct 15 @ 07:22

Central bank regulators have proposed changes to stop the global payments system from fragmentation as banks scale back cross-border networks, blaming the cost of new regulation. Banks have long maintained links with other... read more

Concerns continue amid US EMV liability shift

12 Oct 15 @ 07:21

Policy makers in the US voiced concerns at a meeting last week that credit card networks and issuers have failed to effectively explain the implications of the Oct. 1 EMV liability shift... read more

Thwarting advanced threats with trusted crypto – White Paper

09 Oct 15 @ 12:19

The dangers posed by advanced targeted attacks are real. Enterprises have come up against the limitations of approaches such as intrusion detection and signature-based malware detection. One promising avenue to... read more

Barclays confirms 2016 Apple Pay launch

09 Oct 15 @ 10:48

Barclays has confirmed it will rollout Apple Pay in 2016. Signalling the first time the bank has given a firm date for the launch for the mobile payments service. In an... read more

Success in the mobile payment space

09 Oct 15 @ 10:39

Despite significant developments, especially in developed markets, no clear model or winner has been established yet for mobile payment. Hence, all players are still in a position to participate, as... read more

Cyber attacks: A Cloud Security Report

09 Oct 15 @ 10:26

Cyber attacks are on the rise. Companies both large and small are targeted daily by hackers seeking valuable data to monetize in the cyber underground. Recent reports show that 87% of... read more

China launches cross-border interbank payment system

08 Oct 15 @ 13:55

China’s central bank has launched the China International Payment System (CIPs), a worldwide  interbank payment system and superhighway for the yuan to facilitate trade settlement and investment dominated in the yuan. CIPS... read more

EU agrees to adopt revised Payments Services Directive (PSD2)

08 Oct 15 @ 12:52

The European Parliament has agreed to the European Commission revised Directive on Payment Services or the so called  Payments Services Directive (PSD2). This new law, proposed by the European Commission... read more

Trending

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

Banks to reinforce cyber defences as AI changes the threat model

22 Apr 26 @ 19:36

Banks are hardening their cyber defences as artificial intelligence begins to alter the economics of digital attacks. For financial institutions, the challenge ... more