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THE GLOBAL WALLET WAR: WHO WILL OWN THE CUSTOMER?

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Mobile wallet usage to increase to over 40% of smartphone users by 2017

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

Worldwide impact of 3D secure on transaction conversion rates

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

EU extends SEPA migration deadline

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

UK bank IT systems called into question

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

PKO Bank Polski finalize sale of merchant acquiring business

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

Central Bank imposes mobile money tax after bitter dispute

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

£3.2m equity finance investment for secure chip provider Thames Card Technology

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

SEPA Cards Standardisation Volume ready for market implementation

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

Consumers worldwide want more mobile banking via smartphones

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

RBI disappointed in mobile banking traction

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

NRF files appeal in Interchange Fee Settlement fiasco

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

Barclays pilots mobile cheque deposit

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

Indian bitcoin exchange shuts

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

HSBC partner for Hong Kong NFC wallet initiative

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

Banks unable to prevent another banking scandal

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

New Euro Retail Payments Board will reinforce market governance

20 Dec 13 @ 11:54

The European Central Bank (ECB) has announced the creation of the Euro Retail Payments Board (ERPB). This new entity, which replaces the Single Euro Payments Area (SEPA) Council, will help... read more

MasterCard, eServGlobal and BICS create HomeSend remittance JV

20 Dec 13 @ 10:46

MasterCard, eServGlobal and BICS have announced the formation of HomeSend remittance, a joint venture (JV) which will enable consumers to send money to and from mobile money accounts, payment cards, bank accounts or cash... read more

PayPal acquires StackMob for mobile payments capabilities

20 Dec 13 @ 09:33

PayPal announced it has acquired StackMob, a backend-as-a-service company that helps developers easily implement features in mobile apps. You can, for example, use it to add social network logins and push... 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