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THE GLOBAL WALLET WAR: WHO WILL OWN THE CUSTOMER?

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Beijing breaks payment card market monopoly

30 Oct 14 @ 12:14

Visa and MasterCard have welcomed China’s plans to open up its market for clearing domestic payment card transactions, as they stand to gain access to a growing market worth more than $1... read more

MCX responds to Apple Pay exclusivity allegations

30 Oct 14 @ 12:07

After several days of questions as to why the pharmacies Rite Aid and CVS blocked Apple pay in their stores after initially accepting it, executives from the Merchant Consumer Exchange... read more

ECB identifies 4 key payment systems as systematically important

29 Oct 14 @ 12:03

The European Central Bank (ECB) has flexed its muscles in the payment systems oversight area for the first time through the exercise of new powers by identifying 4 payment systems that... read more

70% of banks increasing innovation spend

29 Oct 14 @ 11:01

Despite conflicting priorities and the economic downturn, banks around the world are still increasing their investments in innovation. These key findings are part of Innovation in Retail Banking 2014, the... read more

Fintech investment: Sell the story…And keep selling it

29 Oct 14 @ 10:36

Much has been made of the boom in Europe’s financial technology sector in 2014. And, as our analysis of the publicly disclosed deals and investors in the fintech sector shows... read more

V.me digital payment service continues to grow in Europe

28 Oct 14 @ 13:51

Visa Europe says that V.me is now in pilot with Member banks in Norway, Sweden, Italy and Germany, taking the number of markets live or in pilot across Europe to 9.... read more

MyBank SEPA Direct Debit core mandates go live

28 Oct 14 @ 12:04

MyBank went live with MyBank Mandates for SEPA Core Direct Debits today following the successful conclusion of the first Joining Window. Financial institutions and service providers are in the process... read more

Apple Pay activates 1 million credit cards in first 3 days

28 Oct 14 @ 09:16

Timothy Cook, Apple CEO, has revealed that 1 million credit cards were activated on Apple Pay in the first three days that the mobile wallet went live, the New York Times... read more

Intel preps secure credit card transactions technology

27 Oct 14 @ 17:02

Swiping credit cards or using payment systems like Apple Pay at stores could become much safer thanks to a new Intel system, which could also make it easier for retailers... read more

US pharmacies disable NFC access to inhibit Apple Pay

27 Oct 14 @ 12:44

If it was easy, everyone would do it…or Google Wallet would already be a roaring success. However, it isn’t, and Apple Pay is now discovering its entry into the payments... read more

PCI SSC warning: European online transactions under cyber attack

24 Oct 14 @ 15:51

European merchants need to pay more attention to securing electronic payments, warns the Payment Card Industry Security Standards Council (PCI SSC), in a stark warning over cyber attack. This was one of... read more

Global mobile payments trends in 2014

24 Oct 14 @ 15:45

The payments industry is approaching an inflection point with respect to whether the mobile wallet and mobile payments could become a viable every day payment tool. More and more consumers are... read more

President Obama to speed US EMV adoption

24 Oct 14 @ 15:38

In a bid to speed up US EMV adoption in the wake of recent payment card breaches at retailers, President Obama has signed an executive order directing government agencies to shift to... read more

Carney launches review Chaps payment system outage

23 Oct 14 @ 16:58

The Bank of England governor, Mark Carney, has launched an independent review into the worst disruption of Britain’s banking payment system, the Chaps payment system, in seven years. The BoE said part of its real-time gross settlement... read more

Mobile Payment Index reveals Asia emerging as m-commerce powerhouse

23 Oct 14 @ 11:39

Adyen has announced its latest global Mobile Payments Index, which covers the period of July through to September 2014. The Mobile Payments Index, which captures data from web-based transactions across... read more

The Clearing House prepares for real-time payments system

23 Oct 14 @ 11:19

US bank-backed ACH, The Clearing House, has moved to develop a faster payments system as it begins the long process of replacing its antiquated current payments system. The Clearing House, a payments company and trade... read more

60% of Android attacks use financial malware

22 Oct 14 @ 13:59

According to the results of the “Mobile Cyber Threats” survey issued by Kaspersky Lab and INTERPOL, malicious, financial malware, programs targeting Android-based devices in order to steal money were used in 60% of attempted attacks... read more

Bango and Samsung in global mobile payment partnership

22 Oct 14 @ 13:30

Bango has signed a global agreement with Samsung. The agreement means that hundreds of millions of consumers using Samsung devices will have access to frictionless mobile payment for digital goods... read more

Trending

Swift launches new framework for cross-border payments

09 Mar 26 @ 14:45

SWIFT has introduced a new international payments framework aimed at significantly improving the speed, transparency and predictability of cross-border retail t... more

Credit’s next competitive frontier beyond top of wallet

12 Mar 26 @ 18:21

For years, the credit card industry has pursued a simple ambition: to become the card a consumer reaches for first. [caption id="attachment_52085" align="a... more

Visa tests the foundations of agentic payments in Europe

17 Mar 26 @ 15:03

Visa is moving to bring agentic commerce closer to commercial reality, launching a new programme with banks across the UK and Europe to test how artificial inte... more