13 Jan 14 @ 13:18

2013 saw Bacs Payment Schemes Limited, the company behind Direct Debit in the UK, process its 100 billionth transaction in the summer – that’s almost as many payments passing through... read more

10 Jan 14 @ 17:01

2013 saw continued interest by venture capital and corporate venture investments into payments tech companies ranging from mobile point of sales solutions to parking payment apps to international money transfer. To clarify,... read more

10 Jan 14 @ 16:33

Mobile network operator O2 is to cease operating its O2 mobile wallet service in the UK on 31 March. Launched in April 2012, the service included a range of money transfer,... read more

10 Jan 14 @ 16:14

Parks Associates research says that over 40 million US consumers, or 20% of all smartphone users, used at least one mobile proximity or mobile e-commerce wallet in 2013, and mobile wallet... read more

10 Jan 14 @ 13:02

Adyen has published findings from its analysis of how applying 3D Secure to all transactions can positively or negatively impact transaction conversion rates on a per-country basis. The report, conducted... read more

10 Jan 14 @ 12:36

The European Commission says it will extend the SEPA migration deadline for the introduction of  new faster and cheaper intra-bank payments systems for six months following delays in some EU member... read more

10 Jan 14 @ 12:28

At a recent parliamentary inquiry, a senior Bank of England official said the UK banking sector is still a “long way away” from addressing deficiencies in its “antiquated” bank IT systems.... read more

10 Jan 14 @ 12:15

PKO Bank Polski and EVO Payments International successfully completed EVO’s acquisition of a 66% interest in eService, PKO’s existing merchant acquiring business. In addition, the parties also entered into a... read more

10 Jan 14 @ 12:06

Zimbabwe has begun imposing a mobile money tax on transactions after intense lobbying from the Bankers Association of Zimbabwe (BAZ) for the Zimbabwean central bank to regulate mobile money services... read more

08 Jan 14 @ 09:51

Thames Card Technology (TCT), one of the UK’s largest manufacturers of secure chip credit, debit, prepaid, gift and loyalty cards, announced growth capital investment of £3.2 million from independent UK... read more

07 Jan 14 @ 11:40

The European Payments Council (EPC), representing the European banking industry in relation to payments, together with the Cards Stakeholders Group (CSG), today published version 7.0 of the SEPA Cards Standardisation... read more

07 Jan 14 @ 11:25

FICO has released the results of an international survey of smartphone consumers showing that they want to do much more mobile banking than most of today’s smartphone apps permit. While... read more

07 Jan 14 @ 11:07

The Reserve Bank of India (RBI) has expressed its disappointment over the lower-than-expected spread of mobile banking,  adoption of which has been encouraging, but below expectation, due to key factors such... read more

06 Jan 14 @ 16:25

The National Retail Federation, the world’s largest retail trade association, has announced, in the ongoing Interchange Fee Settlement fiasco  “it has formally filed an appeal of a controversial antitrust lawsuit settlement covering credit... read more

06 Jan 14 @ 10:31

Continuing its theme of pushing technology for consumer benefit (and cost savings) Barclays Bank says it will pilot a scheme allowing customers to pay cheques, via mobile cheque deposit, into their accounts... read more

06 Jan 14 @ 10:12

Amid further uncertainty for virtual currencies, there are fresh reports that India’s largest bitcoin exchange, BuySellBitCo.in, has been forced to shut after the country’s central bank issued a statement warning... read more

06 Jan 14 @ 09:47

Global banking group HSBC is to launch an NFC wallet with four Hong Kong-based mobile carriers in 2014, according to The Standard. Those carriers are HKT, CSL, SmarTone Telecommunications Holdings and... read more

23 Dec 13 @ 10:23

Only 13% of Americans believe bank systems are capable of preventing another banking scandal, according to a poll of over 2000 American consumers. 35% suggest that with some investment, they... read more