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Visa, Nasdaq and others invest $30 million in blockchain startup Chain

10 Sep 15 @ 10:37

Wall Street is putting more money behind a blockchain technology which  it once dismissed as a fad. Some of the biggest companies in the financial sector have invested $30 million... read more

The impact of combining Blockchain technology with central bank-backed currency

10 Sep 15 @ 10:26

The implications of putting central bank-backed fiat currency on a distributed ledger such as Blockchain are profound. A report sets out the implications for management of an economy, the potential to... read more

MyBank to launch pilot for Identity Verification Service

10 Sep 15 @ 10:20

MyBank has issued a call for participation in the pilot phase for its Identity Verification Service to Payment Service Providers (PSPs) and service providers. The pilot will start in mid-November... read more

Saxo payments adds Credorax to partner portfolio

10 Sep 15 @ 08:46

Saxo Payments has announced that Credorax will join First Data, Tuxedo Money, Valitor and Allied Wallet, as a partner in the Saxo Payments Banking Marketplace. Credorax, with a focus on the e-commerce... read more

Banks hold key to mobile payment adoption

09 Sep 15 @ 14:47

VocaLink has unveiled the Next Generation of Payments Report, an independent study conducted by Illuminas, into the mobile payment habits of more than 5,000 UK consumers. This is VocaLink’s second analysis... read more

Monitise losses widen – CEO steps down

09 Sep 15 @ 12:14

Monitise has announced that Elizabeth Buse, chief executive, is leaving the company after it reported a full year pre-tax losses of £227.4m in 2015, up from £63.4m a year earlier. Ms... read more

Global retail study reveals consumer demand for new ways to pay

09 Sep 15 @ 12:08

Shoppers around the world are demanding their retail experience be transformed, a study by MasterCard has revealed at this year’s World Retail Congress. Retailers are under increasing pressure to adopt new payment... read more

Cyber crime a major risk to business

09 Sep 15 @ 11:23

According to a new report, businesses must prepare for a new generation of cyber crime, moving beyond the established threats of data breaches, privacy issues and reputational damage to operational... read more

Using honey traps to attract an attacker

08 Sep 15 @ 17:11

Attackers are entering networks in a bid to find the organization’s sweet spot. What can organizations do to turn the tables? While preventive techniques are necessary, they are not always... read more

Online shopping goes cross border

08 Sep 15 @ 17:00

According to new research Europe`s share of global cross-border online retail sales is predicted to amount to 25% by 2025. The share of online shoppers making purchases directly from foreign online retailers... read more

High value mobile contactless payments accepted across Europe by 2017

08 Sep 15 @ 11:14

MasterCard says that everyone will be able to pay with their contactless-enabled device for high value payments (above £30 in the UK) at all contactless terminals in Europe by 2017, the... read more

UK ATM numbers continue to rise passing 70,000 for the first time

07 Sep 15 @ 16:59

Despite the UK’s love affair with contactless payments, new figures released by LINK, the UK’s cash machine network, reveal that the number of ATMs in the UK reached 70,180 in July, surpassing... read more

Millennials protest against ineffective security practices

07 Sep 15 @ 16:17

Intercede, the digital identity company, released the findings of a new consumer survey that suggests Millennials in the US and UK are losing trust in today’s Digital Economy. Fewer than 5%... read more

Contactless mobile wallets to surge

07 Sep 15 @ 15:57

The number of mobile wallets using contactless technology is expected to reach 200 million by the end of 2016, according to new statistics from Juniper Research. This would represent growth... read more

Equity continues fight with M-Pesa

07 Sep 15 @ 15:48

As the gloves come off in the battle between Equity and Safaricom, Equity Bank has written to the financial sector regulator protesting Safaricom’s increase of M-Pesa tariffs on transfers made... read more

Cardless cash money transfer at ATM now available

07 Sep 15 @ 15:37

Moldindconbank, one of Moldova’s largest and most innovative banks, has launched a cardless, cash money transfer service. The service, developed by OpenWay, makes it possible to receive a cash money... read more

Banks launch SEPA-based mobile P2P payments service

04 Sep 15 @ 12:50

The four leading Luxembourg retail banks and Digicash Payments have launched a P2P payments feature called Digicash TRANSFER. Users can send up to €10,000 to a recipient’s mobile phone number, using... read more

Australia court fines Visa $12.6m for anti-competitive conduct

04 Sep 15 @ 12:13

Visa has been penalised $18 million for attempting to block the expansion of its rivals in Australia. Justice Michael Wigney of the Federal Court handed down the penalty plus $2 million... 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

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

Emerging markets accelerate the shift to cashless payments

30 Apr 26 @ 18:03

Cashless payments are becoming an increasingly important marker of financial modernisation across emerging market and developing economies, with new data from t... more