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MCX loses participating merchant Rite Aid

12 Aug 15 @ 17:23

US mobile payments consortium MCX has suffered a blow after US drugstore chain Rite Aid announced activation support for rival products from Google and Apple across its 4,600 outlets across... read more

American Express adds Apple Pay for US corporate cards

11 Aug 15 @ 16:48

American Express has announced that its corportate card portfolio will be activated for Apple Pay, allowing cardmembers to pay on the go with compatible Apple devices. The mobile payment option... read more

Japan Post Bank selects Earthport payment network

11 Aug 15 @ 16:45

Cross-border payment transaction processor Earthport has forged an agreement to enable cross-border services for Japan Post Bank, one of Japan’s largest retail banks. The partnership will enable the bank to... read more

Optimal Payments completes Skrill acquisition for €1.1bn

11 Aug 15 @ 16:42

Global payment processor Optimal Payments has completed its acquisition of e-commerce and e-money solution provider Skrill Group for €1.1 billion. The acquisition will create a payment and e-wallet provider with... read more

Carphone Warehouse: 2.4m bank details hacked in data breach

10 Aug 15 @ 16:33

UK mobile phone retailer Carphone Warehouse has suffered a serious data hacking breach that may have compromised the banking details of 2.4 million customers. The breach was discovered on 5... read more

Draft ISO 20022 standard for real-time payments published

10 Aug 15 @ 16:31

A global scheme aimed at establishing a set of harmonised standards for cross-border real-time payments has published a first draft of ISO 20022 messages for review. The ISO Real-Time Payments... read more

Poll: one in ten US consumers have received EMV cards

07 Aug 15 @ 16:41

The US migration to EMV is failing to gain momentum, with just one in 10 people receiving EMV cards, according to a new poll from GfK Public Affairs. Although the... read more

SIA and JCB sign merchant agreement in Italy

07 Aug 15 @ 16:38

Italian payment service provider SIA and JCB International, a major global payment brand operating in 190 countries around the world, have signed a five-year agreement for the processing of payment... read more

Android accounts for most mobile fraud – Kount

07 Aug 15 @ 16:36

The rate of mobile fraud is highest on Android devices, according to new data from fraud specialists Kount, with mobile fraud also outpacing that of online and in-store fraud for... read more

Vasco and Sumitomo Mitsui to create secure mobile banking app

06 Aug 15 @ 16:45

Vasco Data Security, a global digital security specialist, has announced that Sumitomo Mitsui Banking Corporation (SMBC) will provide their online retail banking customers with a highly-secure mobile banking solution for... read more

BW-Bank contracts Wordline for a further seven years

06 Aug 15 @ 16:36

Germany’s Baden-Württembergische Bank (BW-Bank) has extended its contract with global payment processor Worldline for a further seven-year term. The bank came to its decision based on the longstanding collaboration between... read more

US small businesses not ready for EMV

06 Aug 15 @ 16:31

A majority of US small business owners are unaware of the impending EMV1 liability shift coming in October, according to the latest Wells Fargo/Gallup Small Business Index conducted in mid-July.... read more

US comprises bulk of global card fraud losses

05 Aug 15 @ 17:04

New figures from payment industry researchers The Nilson Report show that the US accounted for 48.2% or $7.86 billion of gross losses worldwide on plastic cards in 2014. These figures... read more

SIX and Swisscom team up for mobile payments

05 Aug 15 @ 16:58

Swiss payment service provider SIX and telco Swisscom are collaborating with Swiss banks to introduce a universal mobile payment service for online and offline transactions nationwide. The news follows the... read more

Visa develops new mobile payment service

05 Aug 15 @ 16:54

Visa is preparing for the launch of a new mobile payment service for the Indian market. As part of the plans, Visa is establishing a technology centre in the Bangalore... read more

PayPoint launches Advanced Payment suite

04 Aug 15 @ 16:31

PayPoint, a global payment technology provider has launched its third generation “Advanced Payments” platform for mobile and online merchants. According to PayPoint, the new digital platform has been designed from... read more

Australian Senate: treat digital currency as regular currency

04 Aug 15 @ 16:28

The Australian Senate has stated that digital currency transactions should be treated in the same way as regular currency for the purposes of taxation. An earlier judgment from Australia’s Taxation... read more

Green Dot launches mobile cash processing tech

04 Aug 15 @ 16:25

US payment service provider Green Dot Corporation has launched a cash processing technology enabling customers to securely add cash to their accounts at participating retailers using their mobile device. This... 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