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American Express loses antitrust lawsuit – appeal imminent

20 Feb 15 @ 10:58

The longtime chief executive of American Express,Kenneth Chenault, refused for years to settle an antitrust case with the US government, vowing to fight even as the company’s top rivals cut deals.... read more

Africa blazes mobile money trail

20 Feb 15 @ 09:25

The market for banking in sub-Saharan Africa has developed slowly. The majority of people in sub-Saharan Africa (as many as three in every four) are still unbanked, meaning that their... read more

Should mobile payments be handled in-app, or by the bank?

20 Feb 15 @ 09:17

For the past five years, mobile payments have been trumpeted as ‘this year’s big thing’ – but finally, this year, the claim is being substantiated. For me 2014 marked a... read more

Gen Z ready for biometric security

20 Feb 15 @ 09:17

16 to 24 year old consumers in the UK have the greatest appetite for biometric security measures and the greatest need to use them in place of traditional authentication such... read more

Cyber risk top CEOs’ list of threats to banking

20 Feb 15 @ 09:10

A PwC survey of 175 CEOs of Banking & Capital Markets (BCM) organisations across 54 countries shows 92% are optimistic about their growth prospects over the next three years, despite... read more

Visa unveils global expansion plans for Checkout

19 Feb 15 @ 14:56

Visa Inc. has announced that Visa Checkout will become available in a total of 16 markets in 2015, continuing the growth the proposition has experienced since launching in three markets... read more

Sub-Saharan African mobile money market set to soar

19 Feb 15 @ 12:38

The sub-Saharan mobile money market is set to provide telcos and banks with as much as $1.5 billion in fees by 2019, according to research from the Boston Consulting Group... read more

Google retires Bebapay card in Kenya

19 Feb 15 @ 12:29

Google is to close its Bebapay prepaid card in the Kenya market in order to shift its focus onto the payments space. Bebapay was launched in 2013 as a prepaid... read more

EMVCo plans integration for 3D Secure specification

19 Feb 15 @ 11:09

EMVCo says it plans to improve its 3D Secure online payment solution by facilitating a more seamless transaction flow and integration with online merchants. Introduced in 2001, 3D Secure has... read more

Contactless cards have paved way for mobile payments

19 Feb 15 @ 10:42

Spending on contactless cards more than trebled over the last year to reach a record £2.32 billion in 2014, with the total spend last year more than double that of all the previous... read more

Let battle commence: Samsung acquires LoopPay

19 Feb 15 @ 08:57

As the battle for handset supremacy wages on, the new weapon for Samsung is LoopPay, as the electronics giant agreed to acquire the mobile wallet services provider that turns existing magnetic stripe... read more

Contactless will open the door to mobile – MasterCard

18 Feb 15 @ 12:51

With figures from MasterCard showing that contactless transactions in Europe grew by 174% year on year in the last quarter of 2014, the payment network is predicting that the surge... read more

RBS and NatWest tap Apple fingerprint ID for mobile banking log-in

18 Feb 15 @ 12:47

UK banks RBS and NatWest are leveraging Apple’s biometric Touch ID function for fingerprint log-in to mobile banking apps on the iPhone. In what the banks claim is a UK... read more

Raiffeisen Bank, Tieto enable contactless Visa cards across Bosnia and Herzegovina

18 Feb 15 @ 12:43

European software specialist Tieto has helped Raiffeisen Bank become one of the first banks in Bosnia and Herzegovina to provide contactless payment services for Visa cards. With the Card Suite... read more

Global smartphone sales set new record

17 Feb 15 @ 14:51

Global smartphone sales set a new milestone in the fourth quarter of 2014, reaching $115 billion for the quarter, an increase of 20% year-on-year, according to data from research firm... read more

iZettle launches free chip and PIN reader

17 Feb 15 @ 14:48

Swedish mPOS specialist iZettle is launching the world’s first free-of-charge chip and PIN reader for merchant customers across Europe. The new iZettle Card Reader Lite connects to tablets and smartphones... read more

orderbird and ConCardis provide NFC payment

17 Feb 15 @ 14:46

orderbird, an iPAD POS provider, and its strategic payment partner ConCardis have launched a solution for cashless payment with card or contactless via NFC such as Apple Pay. The newly... read more

US EMV POS migration gathers pace

16 Feb 15 @ 15:33

By the end of 2015, approximately 59% of US POS locations will be EMV-enabled, according to a report from payment consultancy Aite Group. Awareness of the migration to EMV among... 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