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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

Apple Pay struggling to gain bank support outside US

20 Apr 15 @ 11:36

According to several reports over the weekend, Apple is struggling to get the same level of support for its payments brand Apple Pay, outside of the US. Apple is alleged... read more

Google Wallet gaining traction with merchants

17 Apr 15 @ 13:49

Google’s efforts to promote broader adoption of its Google Wallet mobile payment system appear to be gathering momentum. The company earlier this week announced that Dunkin’ Donuts and online food... read more

Europeans rapidly adopting mobile payments

17 Apr 15 @ 13:41

The number of Europeans who will use a mobile payment application in 2015 will rise 51% year over year for a total of about 185 million, according to an ING... read more

AmEx Lab testing facial recognition technology

17 Apr 15 @ 13:36

According to a WSJ blog, American Express is experimenting with facial recognition and wearable technology that could turn into new capabilities for some of its mobile apps, including products aimed... read more

Royal Bank of Canada launches Mobile Wallet

17 Apr 15 @ 12:56

Royal Bank of Canada, which over a year ago built its own mobile wallet technology (with partners) that it’s adapted to work with Apple Pay, Android alternatives and the card... read more

86% of fraud in chargebacks

17 Apr 15 @ 12:45

Global Risk Technologies (GRT) recently examined friendly fraud, and found approximately 86% of chargebacks are fraudulent, and many consumers bypass merchants to directly file complaints with card-issuing banks. GRT CIO... read more

ACH volume increases to 23 billion payments in 2014

16 Apr 15 @ 16:08

ACH volume grew to almost 23 billion electronic payments, an increase of almost 5%, or 1 billion transactions, over 2013 volume, according to new statistics released by NACHA — The... read more

Massive drop in number of unbanked says World Bank

16 Apr 15 @ 15:23

From 2011 and 2014, 700 million people became account holders at banks, other financial institutions, or mobile money service providers, and the number of “unbanked” individuals dropped 20% to 2... read more

NCR launch cloud-based ATM software platform

16 Apr 15 @ 14:05

NCR says it has introduced the biggest change to the way an ATM operates since the self-service banking channel was invented nearly 50 years ago, launching Kalpana software, an enterprise software platform... read more

Card fraud increases as stolen cards used once every 20 seconds

15 Apr 15 @ 12:50

British businesses were hit by card fraud once every 20 seconds in March, with Worldpay warning that small businesses are likely to have been hackers’ biggest targets. Worldpay saw over... read more

Growth in global NFC SIM market

15 Apr 15 @ 12:15

The SIMalliance membership, which represents approximately 90% of the global SIM card market, has reported an 11% year-on-year increase in SIM unit shipments in 2014. Globally, the growth trend for... read more

TNS set to accelerate UnionPay acceptance worldwide

15 Apr 15 @ 11:07

Transaction Network Services (TNS) has launched a new global card scheme gateway which will enable merchants and banks to quickly and easily connect with UnionPay for authorization and processing of... read more

Wirecard to enable mobile payments for Kairos Watches

15 Apr 15 @ 10:56

Wirecard and Kairos Watches have announced a collaboration in the field of mobile payment services for wearables. Kairos will use Wirecard`s Payment Software Development Kit for its unique offering of hybrid mechanical... read more

Retail Banks turn to IT to drive revenue in 2015

15 Apr 15 @ 10:47

Retail bank IT investment in 2015 will be focused squarely on driving revenue growth, according to new research from Ovum, the global analyst house. Digital channels will be at the... read more

Trending

Mastercard and BVNK Launch Platform Linking Fiat and Stablecoin Payments

20 Oct 26 @ 09:06

Mastercard has launched a new platform with BVNK that brings fiat currencies and stablecoins together through a single API, marking the first major integration ... more

Visa Builds Agentic Commerce Infrastructure as Credentials Reach 5.2 Billion

29 Oct 26 @ 19:39

Visa is expanding its payments infrastructure around agentic commerce, stablecoins and tokenisation as its global credential base reaches 5.2 billion and ... more

UK Moves to Open iPhone Contactless Payments to Apple Pay Rivals

22 Oct 26 @ 18:16

The UK’s competition regulator has set out proposals that could significantly widen access to contactless payments on Apple’s iPhone, potentially lowering b... more