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1 in 10 iPhone owners use Apple Pay

08 Dec 14 @ 09:56

A new report from InfoScout suggests Apple Pay is yet to gain widespread adoption among iPhone 6 owners due to poor consumer awareness of which stores accept the NFC payments... read more

US outlines cyber security steps for securing the payments system

08 Dec 14 @ 09:49

This week, the Merchant Financial Cyber Partnership announced plans to strengthen the security of the payments system and align on cyber security. In a press release, the group announced the... read more

$300 million in bitcoin spent during Cyber weekend frenzy

04 Dec 14 @ 11:54

A total of $296 million was spent globally across the bitcoin network on Cyber weekend, according to insight provided by Bitnet. Bitcoin registered as the 9th biggest payment network worldwide... read more

Noncash transactions: global trends and forecasts

04 Dec 14 @ 11:07

In a new report, Celent summarizes payment statistics and noncash transactions it tracks from over 120 countries, by both payment type and region. Celent estimates that there were 345.7 billion... read more

E-commerce spend to hit £17.4 billion at Christmas

04 Dec 14 @ 09:14

E-commerce Christmas spend in the UK is set to hit a record £74.3 billion, with almost one in four pounds expected to be spent online, according to research commissioned by digital offer marketplace... read more

Target fails to get lawsuit overturned

03 Dec 14 @ 15:32

US retailer Target has failed to overturn the lawsuit brought against them by financial institutions over losses associated with last year’s data breach after a US judge has given  the go-ahead to... read more

Online merchants struggling to cope with the ‘fragmentation of fraud’

03 Dec 14 @ 15:17

More than three-quarters of online merchants (79%) believe the growing proliferation of markets, purchasing channels and payment methods pose a significant challenge for effectively dealing with fraud, according to the... read more

One Touch mobile payments going international

03 Dec 14 @ 14:50

In September, One Touch mobile payments was announced with PayPal in the US, the industry’s first and only single touch payment experience across Android and iOS. Today, in an effort to... read more

Stripe banks $70m in fundraising

03 Dec 14 @ 14:39

Online payments start-up Stripe on Monday closed a $70m fundraising round that has seen the company’s valuation double in less than a year to $3.5bn, as investors see promise in... read more

Mobile no longer an alternative channel

03 Dec 14 @ 10:02

The GSMA has predicted that global smartphones will hit 1.75 billion units by the end of 2014. Mobility has become the hub of computing and connectivity. As smartphone adoption rates grow year... read more

The impact of cyber weekend

02 Dec 14 @ 15:47

Cyber weekend, the culmination of Black Friday and Black Monday combined is over for another year and IBM’s James Lovell, European Retail Solution Leader discusses some of the key findings to come... read more

Swift and Fiserv win $1 billion Australian payment system overhaul

02 Dec 14 @ 11:24

Australia’s new payment system will be delayed by a year after five institutions stepped back from funding the $1 billion project. It was announced on Tuesday that the Reserve Bank of Australia-backed real... read more

Global banks investment in payment technology as top priority

02 Dec 14 @ 10:10

It has been revealed that payment technology is set to be a key area of focus for banks across the globe in 2015 – according to the Ovum ICT Enterprise Insights* program, based... read more

Smartphones key to biometric e-commerce

01 Dec 14 @ 17:00

MasterCard is seeking to partner with Visa to use biometric information to replace passwords for online payments. Existing password-based online security authentication is known as 3D Secure, which the two... read more

Retailers concerned about 3 party scheme interchange fee loophole

01 Dec 14 @ 16:18

Proving that politicians should stay out of industries they do not understand and further backing up the law of unintended consequences, Europe’s politicians are currently considering final changes in the proposed Interchange Fee... read more

Compass Plus partner with security solution expert Futurex

01 Dec 14 @ 16:00

Compass Plus, the retail banking and electronic payments software providers, has announced that its open development payment platform, TranzAxis, has now been fully certified to support Futurex’s Excrypt SSP9000 hardware security... read more

Norway rollout NFC payment service Valyou

01 Dec 14 @ 12:29

Norway is set to roll-out Valyou, its first mobile NFC payment service, which is a collaboration between the country’s leading mobile operator and two of its largest financial institutions, recognising... read more

Snapcash service signals growing trend

28 Nov 14 @ 15:20

Snapchat’s introduction of its Snapcash person-to-person payment service in collaboration with Square is indicative of companies’ growing leverage of social media accounts as payment tools. Snapchat’s flagship product is an... 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