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Irish banks pull plug on Synch mobile payment app

15 Nov 23 @ 17:57

In January 2021 four of Irelands largest banks joined forces to launch a mobile payment app, dubbed Synch, that they intended to promote to help fend off the threat posed... read more

Future revenue growth: Instant payments and digital wallets rise

15 Nov 23 @ 12:56

Globally, payments revenues have proved remarkably resilient, overcoming a variety of regional headwinds to grow at rates well above the established long-term trend. Payments revenues grew at 11% in 2022—a... read more

Czech Banking Association launches Contact Payments

15 Nov 23 @ 09:54

Six banks have announced the launch of Contact Payments (Platby na kontakt), an initiative developed and supported by the Czech Banking Association, which hopes it will make it easier to... read more

The potential financial impact of a digital Euro on banks

14 Nov 23 @ 16:55

Central bank digital currencies like the digital euro still spark enthusiasm, at least among some central bankers, not least of all the European Central Bank. After two years of studying... read more

Five trends shaping the payments infrastructure revolution

14 Nov 23 @ 10:53

The payments industry is under construction. From rails to regulation to currencies, nearly every element of the global payments infrastructure and ecosystem is undergoing a rebuild. This period gives infrastructure... read more

What is the outlook for instant payments in Europe?

13 Nov 23 @ 18:04

The SEPA Instant Credit Transfer scheme (SCT Inst), which operationalised euro-based Instant Payments, first went live in late 2017. Several years later, Instant Payments have not seen widespread adoption across... read more

Global Issuer revenues set to decline after period of rapid growth

13 Nov 23 @ 16:34

The growth wave that issuers have long been riding is breaking, and catching the next one will require repositioning. However, companies that refine their practices can fend off disruption and... read more

Can FedNow beat the Nordic success story – or will it be another Interac?

10 Nov 23 @ 14:43

Amid the glare of red rockets and much other fanfare, the US finally announced the launch of FedNow on July 2023. 57 US banks (out of some 14,000 with licenses... read more

Cross-border payments projected to accelerate over next 12 months

10 Nov 23 @ 14:16

As a growing number of people move overseas for jobs that allow them to better support their families, remittances and cross-border payments play a key role of getting their money... read more

Discover 4 top European locations for tech jobs

10 Nov 23 @ 09:20

Fancy a move further afield in 2024? If you’re considering moving country, there are many factors that come into play: how easy or difficult it is to secure a good... read more

How can banks make money out of Open Banking?

09 Nov 23 @ 18:02

As Open Banking services approach take-off in some European markets and the US fires up its regulatory engine, we ask: how can banks make money out of Open Banking? It’s... read more

Big Tech greatest competitive threat to Banks as they turn to fintechs

09 Nov 23 @ 13:24

In the last iteration of Economist Impact’s global banking survey, conducted in 2021, banks were facing a perfect storm as the pandemic accelerated consumer use of online banking, hastening the... read more

Instant payments: EU Council and Parliament reach agreement

09 Nov 23 @ 12:15

The Council and the European Parliament have reached a political agreement on the instant payments proposal, which will improve the availability of instant payment options in euro to consumers and businesses in the EU... read more

Integrated payments are big business – acquirers need to respond

08 Nov 23 @ 17:48

A new white paper from leading global payments platform RS2 says acquirers, independent sales organizations and payment facilitators need to rethink their growth strategies in response to the recent enormous... read more

CFPB proposes oversight of Big Tech digital wallets and payment apps

08 Nov 23 @ 11:06

The Consumer Financial Protection Bureau (CFPB) is proposing to supervise larger nonbank companies that offer services like digital wallets and payment apps. Driven largely by Big Tech and other large... read more

Chargebacks911 resolves dispute with FTC

08 Nov 23 @ 09:58

Back in April Payments Cards & Mobile reported that Chargebacks911 had attracted the ire of the Federal Trade Commission (FTC) which filed a suit against Chargebacks911 for unfairly thwarting consumers... read more

PSD3 is well intentioned, but can it work?

07 Nov 23 @ 12:31

On 28 June, the European Commission published plans for its third payment services directive (PSD3), the successor to 2018’s PSD2. While these plans seem sound enough, questions remain over both... read more

Pix transactions surge – what are the implications for FedNow

07 Nov 23 @ 11:35

The latest Pix by the Numbers report covers data through Q3 2023, and shows Pix volume continuing to surge. The report also offers key insights for US financial institutions (FIs)... read more

Trending

Visa launches Intelligence Commerce Connect tool

14 Apr 26 @ 20:03

Visa is stepping up its push into agentic commerce with the launch of Intelligent Commerce Connect, a new tool intended to help businesses plug into AI-driven s... more

Revolut eyes an IPO, but the valuation story is the real headline

21 Apr 26 @ 14:35

Revolut is beginning to sound more like a future public market heavyweight than a fast-growing European fintech. Chief executive Nik Storonsky has said the com... more

American Express launches agentic commerce developer kit

16 Apr 26 @ 11:46

American Express is positioning itself early for what could become one of the next major shifts in digital payments: AI agents that do more than recommend produ... more