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Multiple payment options critical to merchants

16 Jan 15 @ 11:07

A lack of payment options are forcing customers to abandon their baskets and merchants to miss out on sales. Online retailers are dramatically losing out on sales by failing to address... read more

Google ceases sales of Google Glasses

16 Jan 15 @ 10:55

In what has been a very short lived love affair, Google has stopped selling its Google Glasses product. Loved by few and lambasted by many the internet giant is shutting down... read more

Thieves hit ATMs with Black Box attack

15 Jan 15 @ 14:11

According to the KrebsOnSecurity blog, ATM skimming attacks have focused on innovative fraud devices made to attach to the outside of compromised ATMs via a black box attack. Security experts are... read more

UK’s Bacs payments network hits new heights

15 Jan 15 @ 11:37

The UK’s Bacs Payment Schemes Limited (Bacs), the company behind Direct Debit says UK records were broken in 2014, reaching new highs in levels of transactions, demonstrating automated payments remain... read more

US cards will fall short on fraud as issuers shun PIN

15 Jan 15 @ 10:02

Big US banks are steering clear of an advanced security measure used in credit cards around the world, opting for a system that is more convenient for shoppers but may... read more

Bitcoin price continues freefall as panicked investors sell off

14 Jan 15 @ 12:16

The price of Bitcoin dropped again this week, sliding to its lowest level since early 2013, suggesting that confidence in the contentious cryptocurrency may be shrinking, dropping as low as... read more

FICO Acquires TONBELLER

14 Jan 15 @ 10:11

FICO has acquired TONBELLER, a provider of financial crime and compliance solutions based in Bensheim, Germany. The transaction has closed. Although terms have not been disclosed, the transaction is not... read more

RBNZ seeks vendors to replace its payments and settlement systems

13 Jan 15 @ 12:51

The Reserve Bank of New Zealand (RBNZ) is seeking Registrations of Interest (ROI) from potential vendors for the procurement of a Real-Time Gross Settlement System and a Security Settlement System... read more

BlackBerry continues comeback with PayPal app roll out

13 Jan 15 @ 09:55

BlackBerry has unveiled that it has introduced the PayPal mobile app for the US, UK and Australia, with more markets to come in the future. Following the rollout, the app is... read more

MasterCard agrees to process transactions in Russia

13 Jan 15 @ 09:36

MasterCard says it has reached an agreement with Russian authorities to process its payments in Russia, the Russian central bank announced on Monday. MasterCard and Russia’s national payment system agreed on December... read more

Have US telcos pulled out of Softcard?

12 Jan 15 @ 16:53

Amid rumours that owners AT&T Mobility, T-Mobile USA and Verizon Wireless had decided to stop funding the NFC payments outfit little more than a year after its launch, Softcard, the... read more

Wearable technology research reveals consumer attitudes on payments

12 Jan 15 @ 16:41

Stratos has announced results from its Stratos Wearables Payment study. The consumer survey found that almost one out of three (30%) of US smartphone owners already own a wearable device. The... read more

Behalf, Comdata and MasterCard collaborate on SMB financing

09 Jan 15 @ 15:44

MasterCard, Comdata and Behalf have teamed up to enable small- and mid-sized businesses (SMBs) to have a more flexible and convenient way to pay their vendors. The initiative helps improve... read more

North American banks disillusioned with big data analytics

09 Jan 15 @ 15:41

Around three-quarters of North American bankers are dissatisfied with data analytics technology, according to research from payment research firm Aite Group. Aite surveyed 141 senior banking IT executives in Asia-Pacific,... read more

Gemalto completes SafeNet acquisition

09 Jan 15 @ 15:39

Digital security specialist Gemalto has announced the final closing of the acquisition of SafeNet, a provider of data and software protection, after approval by the relevant regulatory and antitrust authorities.... read more

US omnichannel banking systems

09 Jan 15 @ 14:50

Although digital engagement, via omnichannel banking, is where the industry may be headed, face-to-face engagement is where the industry remains. In a new report, Celent offers a thorough analysis of omnichannel... read more

Banks need strategy to reach tech-savvy, educated millennials

08 Jan 15 @ 11:53

Millennials are the most educated, tech-savvy generation in the U.S. and represent a natural opportunity for the financial industry, but meeting their expectations will be a challenge for banks, according... read more

UK consumers embrace contactless and mobile payments

08 Jan 15 @ 10:44

A survey from payments and loyalty specialists Logic Group has found that UK consumers are embracing new technologies such as contactless and mobile payments. According to the survey, Christmas 2015... 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