23 Aug 13 @ 18:44

Bank of America announced that it has surpassed 1 million small business mobile users.  “Today’s small business owners aren’t behind desks all day, and many don’t even have a desk,”... read more

23 Aug 13 @ 18:43

The acquiring business, already fraught with rivalry, became even more competitive with an announcement from daily-deals giant Groupon that it will supply traditional POS terminals to merchants as part of... read more

20 Aug 13 @ 18:41

Bitcoin wallet service Coinbase has created an SMS interface, which enables users to send and receive bitcoins via text message. Any Coinbase customer, regardless of the network they are on and whether... read more

20 Aug 13 @ 18:39

Facebook is entering the mobile payment market with a new PayPal-like product. The on-the-go purchasing system would allow shoppers to input their Facebook login details to bypass the hassle of... read more

20 Aug 13 @ 18:38

Visa Europe announced the appointment of Nicolas Huss as its next President and CEO. Huss (48) will join Visa Europe from Apollo Group, where he is Chief Executive, Avant Spain... read more

20 Aug 13 @ 18:37

Square has been hit with a $507,000 fine by the Florida Office of Financial Regulation for operating in the state without a money transmitter license. In an order dated 24... read more

20 Aug 13 @ 17:35

American payments start-up Stripe has officially launched in the UK and is now setting its sights on mainland Europe. Stripe provides merchants with an API that they can embed into... read more

20 Aug 13 @ 16:32

UK consumers have made 51 million contactless purchases in the last 12 months, according to figures released today from Visa Europe. The monthly contactless spend has also increased five fold... read more

20 Aug 13 @ 15:31

According to the a new report by Timetric, rising competition from domestic payment card networks is set to significantly alter the current operational model of international card networks.  The ability... read more

05 Aug 13 @ 11:27

Telcos France Telecom-Orange, SFR, along with Bouygues Telecom, and banks BNP Paribas and Crédit Mutuel-CIC plan to move their NFC projects from a few local deployments to the national stage... read more

05 Aug 13 @ 10:43

A U.S. judge ruled on Wednesday that the Federal Reserve ignored the intent of Congress regarding a controversial cap on debit card “swipe fees” that are part of a dispute... read more

02 Aug 13 @ 20:57

Large North American financial institutions will spend $73.8 billion on IT improvements across software, hardware and professional services in 2014 as firms transition investments from “run the bank” to “change... read more

01 Aug 13 @ 21:01

The US mobile payments market will receive a major boost this year after Isis, the mobile commerce joint venture set up by Verizon Wireless, AT&T Mobility and T-Mobile US, announced plans for a nationwide... read more

01 Aug 13 @ 01:26

The Netherlands banking regulator has approved Amazon Web Services (AWS) for use by financial organizations, Amazon says This clears AWS cloud services for use across all areas of Dutch financial... read more

01 Aug 13 @ 01:25

The Bank of Thailand declared Bitcoins illegal on Monday, making it the first country to ban the virtual currency. According to an online statement by Bitcoin Co. Ltd., which facilitates the trading of the currency, the ruling came after months of meetings between the company and Thailand's central bank. Thailand's Foreign Exchange Administration and Policy Department ultimately decided on the ban "due to lack of existing applicable laws, capital controls and the fact that Bitcoin straddles multiple financial facets."

01 Aug 13 @ 01:22

The controversy surrounding virtual currencies is prompting enthusiasts to try to bolster their legitimacy and fight perceptions that they attract illicit behavior. A group of companies that are pushing virtual... read more

01 Aug 13 @ 01:16

MasterCard and Visa Inc. announced an agreement to license their respective common US debit solutions to each other to meet the industry need for a streamlined approach to route US chip debit... read more

30 Jul 13 @ 01:28

British consumers will be the first in Europe to experience MasterPass by MasterCard. Major high street and online brands, including, Argos, Boots, House of Fraser and The Hut Group, join thousands of... read more