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THE GLOBAL WALLET WAR: WHO WILL OWN THE CUSTOMER?

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Paym heading towards 2 million users

02 Feb 15 @ 16:04

Nearly two million people have registered for Paym, with the potential to link every current account in the country with a phone number, new figures released by the service show. The mobile payments... read more

Bank of China launches Western Union Money Transfer service

02 Feb 15 @ 10:48

Since January, consumers in China are able to receive remittances through the Western Union Money Transfer service from abroad in minutes at select Bank of China branches and sub-branches throughout the country. Western... read more

Most valuable bank brands

02 Feb 15 @ 10:39

The Brand Finance Banking 500, conducted by leading brand valuation and strategy consultancy Brand Finance, and published in the February edition of The Banker, is a league table of the... read more

The race to protect digital identity: the next frontier in payment innovation

30 Jan 15 @ 13:51

Providing consumers with a secure alternative to an ever-increasing number of passwords and profiles without compromising convenience is the latest frontier in driving consumer acceptance of new forms of payment.... read more

Bharti Airtel applies for banking license

30 Jan 15 @ 11:06

Bharti Airtel, India’s leading telecoms operator, has applied for a banking license, in a potential breakthrough for the country’s under-developed mobile-banking industry. The first telecoms group to declare its intention... read more

The future of payments: A European Commission view

30 Jan 15 @ 10:59

“Everything changes but change itself. You cannot step twice into the same river, for other waters and yet others go flowing ever on,” observed Heraclitus of Ephesus (circa 535 –... read more

Tinkoff Bank selects IRIS fraud prevention

30 Jan 15 @ 10:41

Tinkoff Bank, Russia’s leading provider of online retail financial services and a large credit card issuer with 4.8 million cards issued, has selected IRIS Analytics’ fraud prevention solution. IRIS has... read more

Google enable email money transfer

30 Jan 15 @ 10:35

Google has enabled Send Money in Gmail, a money transfer payment service that will initially only be in the UK and the US. Originally revealed several years ago in the US,... read more

IT spending on the rise in North America

29 Jan 15 @ 12:45

North American IT spending growth is rising steadily and is expected to be 4.5% higher in 2015. Growth will drop slightly in 2016 as IT spending by North American banks... read more

OpenWay launch WAY4 Host Card Emulation

29 Jan 15 @ 12:36

OpenWay has developed WAY4 Host Card Emulation software  – supporting cloud technology specified by Visa and providing value-added financial services for customer attraction and engagement via mobile. WAY4 Host Card... read more

Apple Pay nails US contactless payments

29 Jan 15 @ 12:30

As Apple CEO Tim Cook announced record breaking profits, he understatedly reported that “Apple Pay has got off to a “strong start” since the contactless payment service launched last autumn”. What... read more

Norwegian operators advance Strex mobile payments brand

29 Jan 15 @ 12:21

Norway’s three leading operators ‒ Telenor, TeliaSonera and Tele2 – are to advance their Strex joint venture for mobile payments. Strex is now able to offer end users a single mobile wallet... read more

If Apple were a country…

29 Jan 15 @ 09:43

Firstly, let me be clear…this is not a payments story. It is very interesting though! Apple just reported the biggest quarter of net income earned by any public company ever,... read more

Mobile banking apps still a challenge

28 Jan 15 @ 11:00

Understanding your customer’s mobile banking behaviour and what they want out of their digital experience and tools is key to any bank wanting to compete in the digital revolution, where the... read more

All in one wallet card – Swyp

28 Jan 15 @ 09:25

As the race to win space in your wallet gains further momentum there is a new player in town: Swyp. Everybody, from Apple to Google, has a digital wallet these... read more

Retail Crime Survey: Retailers failing to protect themselves against fraud and cybercrime

27 Jan 15 @ 12:55

According to the Retail Crime Survey, UK retailers have said that fraud increased by 12% year-on-year in 2013-14 and accounted for 37% of the total cost of crime during the... read more

UK reports digital payments acceleration

27 Jan 15 @ 12:46

Total spending on Visa cards in the UK has surpassed £600 billion for the first time reports Visa Europe. The results provide strong evidence of the UK’s transition to a digital... read more

CHAPS reduces fees by 50% to entice low-volume participants

27 Jan 15 @ 11:24

CHAPS, the UK’s same day high-value payment system operator, has reduced CHAPS participation fees by 50% for existing and prospective low-volume Direct Participants. This restructuring of its funding model honours... 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