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As Europe consolidates instant payments, could VRP disrupt the party?

27 Feb 24 @ 18:22

News that the European Payments Initiative (EPI) purchased the Netherlands’ successful domestic instant payment player iDEAL – as well as Belgium’s equally successful Payconiq – came at the same time... read more

Banks plan to maintain or increase technology investment in 2024

27 Feb 24 @ 16:35

Over 100 bank executives have been interviewed to gain insights into their bank’s biggest challenges, spending initiatives and tech preferences for 2024. The State of Banking survey shows that bank... read more

American Express launch BNPL service Plan It

27 Feb 24 @ 16:11

American Express is set to launch a BNPL product dubbed ‘Plan It’ for the UK market. Plan It, as per other BNPL products, allows credit cardholders to pay off purchases, or... read more

Country Report: Indonesia – Asia’s next growth story

26 Feb 24 @ 17:37

With the largest Asian population outside China, a swiftly-liberalising economy plus a banking sector that’s growing in dynamism, it’s no wonder international players want to get into Indonesia. Once associated... read more

One in three transactions will be instant payments by 2029

26 Feb 24 @ 10:47

Growth in Instant Payments has been stratospheric over the last decade, hitting 29.1% year-on-year. Data Bridge Research predict[1] instant payments will account for one in three of all consumer transactions... read more

Can carrier billing live up to its true potential?

26 Feb 24 @ 10:09

Carrier billing (CB) has many of the attributes of the ideal payment solution – after all, with more mobile phones in the world than there are people, the reach is... read more

Report: $159 billion lost to fraud and scams

23 Feb 24 @ 16:59

The rise of fraud in the United States continues apace, costing the US $159 billion in one year alone, according to new research. The 2023 State of Scams report by Feedzai in partnership... read more

Capital One acquisition of Discover already in DOJ focus

23 Feb 24 @ 14:38

Earlier this week Payments Cards & Mobile reported on the first mega deal of 2024 with Capital One announcing an acquisition of Discover for $35 billion. It was always clear... read more

How Click to Pay cuts cardholder abandonment

23 Feb 24 @ 14:14

High transaction drop-out and cardholder abandonment rates hit all parties in the transaction process, leading to lower card usage, revenues and profitability. One German retailer estimates[1] they lost more than... read more

Capital One to acquire Discover Financial for $35 billion

20 Feb 24 @ 11:20

Capital One has announced it will acquire its long term rival Discover Financial for $35.3 billion. The acquisition of Discover values the smaller rival’s stock 27% above last weeks closing... read more

The digital euro: Debunking fears about bank deposits

20 Feb 24 @ 10:43

Many banks are worrying their customers might withdraw deposits to hold digital euro instead. These fears are misplaced, argue ECB Executive Board member Piero Cipollone, Ulrich Bindseil and Jürgen Schaaf,... read more

Payment orchestration platform market to reach $4.83 billion by 2032

20 Feb 24 @ 10:20

The Payment Orchestration Platform Market is set to grow from its current market value of more than $848.6 million to over $4.83 Billion by 2032. The surge in digital payments... read more

Deepfake data: AI to raise cyber risk in 2024

16 Feb 24 @ 17:10

As we turn our attention to 2024, James Wood says the advent of generative AI is going to create major security headaches for payments companies – amid other problems. In... read more

Digital wallets: The pursuit of a profitable business model

16 Feb 24 @ 14:12

In recent years, digital wallets have shot from the niche to the mainstream. Their use has taken off in every region of the world, the growth trajectory remains strong, and... read more

Temenos fight back after Hindenburg Research massacre

16 Feb 24 @ 10:36

Embattled core banking provider Temenos has hit out at Hindenburg Research’s claims that there are “major accounting irregularities, failed products and an illusive turnaround” at the firm. The research note,... read more

European banks start fight back against competition

15 Feb 24 @ 12:28

New research from Economist Impact finds that European banks are fighting back against competition from platform players, neobanks and payment providers. According to the study, “Challenging the challengers: Europe’s banks... read more

Revolut delivers AI scam protection product to users

15 Feb 24 @ 11:57

Just days after Revolut released research that indicated Meta platform were the leading platforms for the origination of scams, the fintech has release a new AI scam protection platform for... read more

ACH Network surpasses 3 billion payments in 2023

15 Feb 24 @ 11:40

Led by strong growth in Same Day ACH and business-to-business (B2B) payments, the ACH Network securely handled 31.5 billion payments valued at $80.1 trillion in 2023. Payment volume for the... read more

Trending

Wero expands into Austria as Europe’s payments ambitions gather momentum

23 Jun 26 @ 18:52

The European Payments Initiative (EPI) has secured a significant boost to its ambitions of creating a pan-European payments network, with Austria’s largest ba... more

Major UK Banks unite to develop digital verification service

30 Jun 26 @ 07:05

Barclays, HSBC, Lloyds Banking Group, Nationwide Building Society, NatWest Group and Santander UK are working with UK Finance in the development of a voluntary ... more

Legacy infrastructure leaves Banks unprepared for real-time

06 Jul 26 @ 20:34

European banks risk falling behind in the race towards real-time payments and faster securities settlement unless they accelerate investment in automation and m... more