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UK contactless cards spend tops £100m per month as transactions triple in a year

30 Apr 14 @ 09:58

Monthly spending on UK contactless cards has exceeded £100 million for the first time, according to data published by The UK Cards Association. The new figures show that UK consumers spent a record £109.2 million... read more

ECB steps up SEPA for cards initiative

29 Apr 14 @ 13:06

Following the near completion of the migration of the first two payment instruments, credit transfers (CTs) and direct debits (DDs), to the Single Euro Payments Area (SEPA), the Eurosystem is... read more

Trends and online transaction Q1 2014

29 Apr 14 @ 11:39

Realex have collated all of the online transactions that they processed in Q1 2014 from January to March,and created an infograph to illustrate the figures.

Mobile payments system Paym goes live

29 Apr 14 @ 10:51

The UK Payments Council backed mobile payments system Paym (pronounced Pay’ em) has gone live today amidst security fears and low registration numbers. Only 400,000 people have registered for the... read more

Cost of cash to UK businesses more than £17.8 billion a year

29 Apr 14 @ 09:59

The average cost of cash handling for UK SMBs has reached more than £17.8 billion a year, or £3,638.57 per retailer, according to new research by payment service provider Sage... read more

Ondot launches remote CardControl app

28 Apr 14 @ 13:21

Tech start-up Ondot is the latest US company to come out of hibernation and is now pushing a CardControl app that allows users to control nearly every aspect of how their... read more

Is Square for sale?

28 Apr 14 @ 10:41

After a number of anonymous sources wagging tongues, the clock is ticking for Square. Jack Dorsey’s payment start-up is burning through massive amounts of cash as it tries to scale its payments... read more

SIMalliance reports strong growth in NFC SIM cards

24 Apr 14 @ 11:52

The SIMalliance membership, which represents approximately 86% of the global SIM market, has reported SIM shipment volumes totalling 4.2 billion units for 2013, compared to 4.6 billion in 2012. The... read more

Card Payments in Europe

24 Apr 14 @ 11:01

Card Payments in Europe – Cards and payments at the POS and on the internet continued to drive significant growth in many European countries. The roll-out of contactless cards has started... read more

Transport for London to accept payments by smartphone

23 Apr 14 @ 13:15

London’s smartphone users are soon be able to pay for travel using their phone under plans being negotiated by mobile companies and the capital’s transport authority. Operators such as EE... read more

Orange celebrates the 10 millionth Orange Money customer

23 Apr 14 @ 12:40

Orange Money has seen exponential growth since it was launched. The service is now available in 13 countries: Botswana, Cameroon, Côte d’Ivoire, Egypt (under the name Mobicash), Guinea, Jordan, Kenya,... read more

First National Bank of Facebook

22 Apr 14 @ 17:10

Facebook is on the verge of winning approval from Ireland’s central bank to allow its users to store and exchange money. The company’s plans are not yet clear, but regulators are rightly... read more

Dominos adds Google Wallet for checkout

22 Apr 14 @ 16:22

Domino’s Pizza has formed a strategic alliance with Google and now allows customers to pay with Google Wallet when using their Android app – furthering their plan to take over... read more

The Amazon phone – made for mobile payments?

22 Apr 14 @ 12:21

Rumours concerning the launch of the Amazon phone continue to mount whilst many pundits are trying to figure out why the company is entering this competitive market. The answer might be mobile payments... read more

Bitcoin? UK consumers don’t trust it and don’t understand it

17 Apr 14 @ 12:22

Despite media hype around the future of Bitcoin and high-profile mobile payments providers such as Square and Stripe preparing to accept the virtual currency this year, new research from digital... read more

Visa says safer Chip&PIN card will make US debut

17 Apr 14 @ 12:06

Visa expects a safer Chip&PIN card will soon make its US debut, said Visa executive Bill Sheedy in his keynote address at ETA’s Transact 14 conference. He says the added... read more

Samsung Galaxy S5 fingerprint sensor and PayPal app hacked

16 Apr 14 @ 12:37

Researcher from Security Research Labs have managed to bypass Samsung Galaxy S5 fingerprint authentication, less than a week after the device’s official release, the ethical hackers also hacked the PayPal app. The... read more

MtGox chief refusing to travel to US for Bitcoin bankruptcy hearing

16 Apr 14 @ 09:19

The founder of MtGox has refused a US court’s demand that he testify this week about the collapse of what was the world’s biggest Bitcoin exchange. Mark Karpeles had been asked... read more

Trending

UK fraud losses reach four-year high

16 Jun 26 @ 18:17

Financial fraud losses in the UK climbed to their highest level in four years during 2025, highlighting the growing sophistication of criminal networks and rais... more

Visa and Mastercard move to end two-decade swipe fee battle

11 Jun 26 @ 16:00

A landmark legal battle that has shaped the economics of card payments in the United States for more than twenty years has taken another significant step toward... more

Visa announces €500 Million European Investment Signals Strategic Response to Payments Sovereignty Push

31 May 26 @ 12:59

The debate around European payments sovereignty has intensified significantly over the past two years. Policymakers, regulators and financial institutions acros... more