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Instant Payments – the future retail payments market – an ECB viewpoint

29 Apr 15 @ 10:29

Should payments be as quick as emails or messaging with smartphone apps? Should funds be transferred instantly from sender to receiver around the clock? Many actors are paying more attention... read more

London identity theft rates three times higher

29 Apr 15 @ 10:10

London is the country’s identity theft capital, with significantly higher rates than anywhere else in the UK. The statistics are based on the number of fraudulent applications across financial products... read more

Deutsche Bank ramps up digital bank capabilities

29 Apr 15 @ 09:49

Deutsche bank has announced plans to shutter 200 branches and invest an additional €1 billion over the next three-to-five years to create “a more digital bank”. As part of a... read more

Discover enables Apple Pay for card holders

28 Apr 15 @ 16:30

Discover has announced an agreement with Apple that will allow Discover card holders in the US to make contactless payments in participating stores through Apple Pay. In addition to paying in stores with... read more

MCX crushed as Best Buy moves ahead with Apple Pay

28 Apr 15 @ 12:37

In more bad news for MCX, Best Buy customers can now use Apple Pay to buy electronics online, with the physical stores to follow later this year, Apple CEO Tim Cook... read more

Only one in eight Brits will switch to digital-only bank

28 Apr 15 @ 12:16

Digital-only banks will struggle with UK banking customers when they launch this year, with only one in eight (13%) consumers claiming that they plan to switch to an account with a digital-only... read more

Payments technology and fraud prevention top list of investments for banks and retailers

27 Apr 15 @ 16:57

A new payments survey of more than 1,100 executives representing leading banks, retailers and billing organizations across the Americas, Asia-Pacific and EMEA revealed that although 80% of them understand they... read more

A new competitor for Bitcoin

24 Apr 15 @ 10:36

The total value of the digital currency Bitcoin is now approximately $3.4 billion, and many companies and investors are working to prove that the technology can make financial services cheaper... read more

Visa and MasterCard shares surge as China ends card monopoly

23 Apr 15 @ 14:29

Shares in Visa Inc. and MasterCard Inc. climbed the most since October after China’s government indicated it plans to end a monopoly in bank-card clearing. Visa gained 4.1% to close... read more

The changing landscape of real-time retail payments systems

23 Apr 15 @ 13:11

A new research paper by SWIFT assesses the global real-time retail payments systems (RT-RPS) landscape, provides analysis on the key drivers and trends, and identifies the different approaches, barriers to... read more

US readiness for EMV at a low point

23 Apr 15 @ 12:05

With a crucial deadline looming in 2015, the US payments industry will have only partially converted to the Europay-MasterCard-Visa (EMV) chip card standard by the end of that year. Indeed,... read more

World Retail Banking Report 2015

22 Apr 15 @ 12:02

For the second year in a row, improvement in global retail bank customer experience levels has stalled with a decline of less than 1% leaving banks challenged to drive top-line growth,... read more

New POS malware family named Punkey

22 Apr 15 @ 10:37

In conjunction with a US Secret Service investigation, Trustwave SpiderLabs researchers have unearthed a new family of POS malware. POS malware is a sinister and often difficult-to-detect threat that preys on retailers... read more

Can you turn regulatory and payment scheme compliance into a competitive advantage?

21 Apr 15 @ 18:28

Regulatory compliance has long been viewed as a mandatory component and a ‘cost’ of doing business as a financial services provider, whether you are an issuer, programme manager or payment... read more

Apple Pay outperforming PayPal in mobile payments

21 Apr 15 @ 18:09

A new survey from 451 Research finds Apple Pay gaining momentum in the mobile payments space, primarily at the expense of PayPal. “Our latest survey shows planned use of Apple... read more

Verifone selects Thales to protect card holder data

21 Apr 15 @ 14:46

Thales says that Verifone now uses Thales nShield hardware security modules (HSMs) for its end-to-end payment encryption solution – VeriShield Total Protect – to provide robust, high speed, scalable crypto to... read more

£12.8 billion a week set to be sent through digital banking by 2020

20 Apr 15 @ 12:19

The number of mobile banking users is set to almost double from 17.8 million to 32.6 million by 2020, whilst the number of UK adults using online banking will increase... read more

Consumers want part in protecting their payment cards from fraud

20 Apr 15 @ 11:59

A survey conducted in the US, Canada and the UK by FICO shows that fraud is top-of-mind for consumers in the wake of high-profile data breaches. Respondents’ primary concern about payment... 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