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THE GLOBAL WALLET WAR: WHO WILL OWN THE CUSTOMER?

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Initial legal opinion on PSD3 and Payment Services Regulation (PSR)

13 Jul 23 @ 09:57

After much anticipation, the European Commission (EC) has published its proposed revisions to EU payment services legislation, as well as a proposal on Open Finance/data access in the financial services... read more

Results of the 2022 BIS survey on central bank digital currencies

13 Jul 23 @ 09:37

A new report from BIS presents the results of a survey of 86 central banks conducted in late 2022 about their involvement in central bank digital currencies work, as well... read more

Chargeback surge in UK mirrors US trend

11 Jul 23 @ 12:16

 Justt has released findings from a new study pinpointing a worrying trend in consumer chargeback behaviours impacting merchants in the United Kingdom and the United States. The research shows that... read more

Synch Payments delayed further by EU regulatory requirement

11 Jul 23 @ 10:29

A year after announcing that it had selected Nexi as its technology partner for the rollout of Synch Payments, the Irish Bank alliance has run into further regulator road bumps... read more

FTC files amended money transfer scam complaint against Walmart

10 Jul 23 @ 16:13

As reported by Payments Cards & Mobile back in June 2022, the Federal Trade Commission (FTC) sued Walmart for allowing its money transfer services to be used by fraudsters, who... read more

Revolut problems continue as thieves steal $20 million

10 Jul 23 @ 12:41

Amid mounting problems for Revolut which include accounting errors and the very slow acceptance of its highly anticipated banking licence in the UK, a flaw in its US payment system... read more

FedNow Vs Real-Time Payments (RTP) – Whats the difference?

07 Jul 23 @ 13:25

With all the noise around the impending opening up of the newest payment rails in the US, we ask “What is the difference between the Federal Reserve’s new instant payments... read more

FIS to sell majority stake in Worldpay for $18.5 billion

06 Jul 23 @ 15:28

FIS has agreed to sell a majority stake in its merchant payments arm Worldpay to private equity firm GTCR for up to $18.5 billion – one of the largest corporate... read more

Debit card security takes spotlight as POS payment options grow

06 Jul 23 @ 09:49

“Debit card or credit?” Not too long ago, the question was a ubiquitous refrain from store clerks nationwide. If asked today, the question would be more complicated. That’s because US... read more

The fraud epidemic isn’t going away – let’s act

05 Jul 23 @ 16:45

Recent weeks have seen a slew of bad news about the ongoing scandal of rising payments fraud – especially in the online environment. According to LexisNexis Risk Solutions and Oxford... read more

Majority of global FIs unable to respond to financial crime

05 Jul 23 @ 11:58

Banking leaders are struggling to balance experience, compliance, and security goals says BioCatch which has released the findings of a new study conducted by Forrester Consulting, that reveals the reality... read more

Tooling up: can data analytics make a difference?

04 Jul 23 @ 16:17

In our ongoing quest to get behind the hype, we consider Data Analytics and how much of a benefit this gives banks, service providers and retailers when it comes to... read more

BIS promises “game-changing” blueprint for future financial system

04 Jul 23 @ 12:50

Today, the monetary system stands at the cusp of another major leap. Following dematerialisation and digitalisation, the key development is tokenisation – the process of representing claims digitally on a programmable platform. This can... read more

Checkout.com launches Intelligent Acceptance – AI-powered optimisation engine

04 Jul 23 @ 12:00

Checkout.com has launched Intelligent Acceptance, its latest product to help merchants optimise acceptance rates and grow revenues. Intelligent Acceptance is an AI-powered optimisation engine, trained on billions of transactional data... read more

Worldpay up for sale for $15 billion

03 Jul 23 @ 17:12

FIS is considering the sale of Worldpay at a valuation of $15 billion to a group of private equity companies in what would be one of the largest corporate carve-outs... read more

Digital identity rollout critical for digital wallet confidence and growth

03 Jul 23 @ 16:18

UK organisations and consumers are ready to embrace a new era of digital identity according to a new report from Curity. The term digital identity is not new, it is... read more

Is Paze ready to fight Apple and PayPal

03 Jul 23 @ 13:11

Early Warning, the bank-owned operator of the peer-to-peer payments platform, Zelle, officially entered the digital payments gold rush earlier this year when it announced plans to create a new digital wallet... read more

Going, going, gone? Why banks must move to modern retail card payments platforms

03 Jul 23 @ 11:43

As a new report says almost two-thirds of banks are looking to migrate to more secure and flexible modern card payments platforms, Tietoevry’s Valdis Janovs says banks should be thinking... 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