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

26 Jul 13 @ 01:34

First Data Corporation, a global leader in electronic commerce and payment processing, has today announced the extension of its contract with Raiffeisen Polbank, one of its five largest customers in... read more

26 Jul 13 @ 01:32

SIA has acquired 51% of the share capital of Emmecom, an Italian company in the sector of fixed, mobile and satellite telecommunications networks, with the right to exercise the option for... read more

26 Jul 13 @ 01:30

Barclaycard announces that it has partnered with Sysnet Global Solutions to provide PCI DSS compliance validation services to its UK based merchant customers.  In the accompanying press release Internal Market... read more

26 Jul 13 @ 00:00

The European Commission (EC) published the long awaited proposal for a revised Payment Services Directive (PSD2), and a proposal for the regulation of Multilateral Interchange Fees (MIF), on 24 July... read more

24 Jul 13 @ 01:39

The European Union’s executive body proposed a strict cap on credit and debit card fees on Wednesday, in a move it said could save consumers billions of euros. The proposal,... read more

24 Jul 13 @ 01:38

The Securities and Exchange Commission is suing a Texas man for allegedly running a Ponzi scheme he promoted through a Bitcoin-denominated investment strategy and issued a warning to investors about falling for... read more

24 Jul 13 @ 01:36

Wind and BNL BNP Paribas Group, in collaboration with SIA and MasterCard, have started an NFC technology (Near Field Communication), which allows users to make purchases in contactless mode via... read more