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Next phase of digital euro project gets green light

18 Oct 23 @ 17:24

The Governing Council of the European Central Bank (ECB) decided today to move to the next phase of the digital euro project: the preparation phase. This decision follows the completion of... read more

UAE relaunch RTP initiative and launch new domestic card scheme

18 Oct 23 @ 16:32

Al Etihad Payments (AEP) a subsidiary of the Central Bank of the UAE (CBUAE) has announced it will launch a 24/7 instant payments system and domestic card scheme. The central... read more

The burgeoning growth of chargebacks

16 Oct 23 @ 17:17

Around the world we’ve experienced rapidly changing dynamics over the last few years. There’s been large-scale transformation to the workforce and global supply chains, along with the emergence of new... read more

Latin America – an emerging e-commerce powerhouse

16 Oct 23 @ 16:51

A new report,  LatAm E-Commerce Report 2023, explores e-commerce in Latin America where it observes a remarkable 2.8X increase in sales value. Additionally, the overall number of transactions in the... read more

MoneyGram plans to launch non-custodial digital wallet

16 Oct 23 @ 16:48

MoneyGram has announced plans to launch its own non-custodial digital wallet which will officially debut in Q1 2024. The wallet will enable consumers around the world to leverage stablecoin technology... read more

In focus: European merchant acquiring market 2022

13 Oct 23 @ 09:54

Jeffries recently made a deep-dive analysis of the Nilson Report’s annual Top Merchant Acquiring ranking to compare top players, annual changes and track evolution of payments companies vs. banks. Post... read more

Cyberattacks on European financial services more than doubled in 2023

13 Oct 23 @ 09:37

A new State of the Internet report that explores existing and emerging cyberattacks against the financial services industry, finds that financial services is the third-most attacked vector in the Europe,... read more

NatWest enrols card holders onto Mastercard Click to Pay

13 Oct 23 @ 09:06

This is actually more interesting than you might initially think! NatWest has become the first UK bank to enable Click to Pay for all its customers with a Mastercard debit... read more

Mastercard trial interoperable CBDC for trusted Web3 commerce

12 Oct 23 @ 16:36

Mastercard says it has successfully demonstrated capabilities of a new solution that enables a CBDC to be tokenised (or “wrapped”) onto different blockchains, providing consumers with a new option to... read more

NAKA self-custodial payment card/scheme for global POS network

12 Oct 23 @ 08:28

NAKA has developed a new technology that bridges the gap between the traditional payment industry and the blockchain world. It encompasses a payment scheme running fully on smart contracts and... read more

High rates of false declines and the negative impact on online shopping

11 Oct 23 @ 10:01

A new report explores the relationship between consumer shopping habits and brand trust, and found alarming rates of false declines, cart abandonment, and trust issues in online shopping users. Abandoned... read more

Spanish banks explore digital euro via existing infrastructure

10 Oct 23 @ 18:21

As the European Central Bank (ECB) progresses towards a final decision on its digital euro retail CBDC, the Spanish banking sector has put together use cases that would see the... read more

Payments industry performance – Revenues remain resilient

10 Oct 23 @ 17:23

The payments industry’s 2022 performance, in terms of revenues and valuations, shows ongoing change with opportunities for growth and margin improvement across geographies and products. A close look at revenues... read more

74% of UK payments leaders believe AI will mitigate risk

09 Oct 23 @ 17:10

While financial forecasters continue to signal near-term economic downturns across the globe, FIS has conducted new research to understand how corporate executives across industries are innovating amid uncertainty. FIS’ Global Innovation... read more

American Express to pilot biometric recognition in SafeKey

09 Oct 23 @ 16:55

American Express is adding biometric, via facial and fingerprint recognition, to SafeKey to help prevent fraud and create a simple and intuitive online checkout process. The company is the first... read more

Global card purchase volume hits $42.7 trillion

06 Oct 23 @ 14:08

A new report reveals that growth in card purchase volume in 2022 was driven by increasing financial inclusion, digitisation and the easing of lockdowns. Global Cards and Payments shows that... read more

What do the PSD3 and PSR mean for the payments sector?

06 Oct 23 @ 13:44

On June 28, 2023, the European Commission (EC) published a set of new legislative proposals, notably for a Third Payment Services Directive (PSD3) and a Payment Services Regulation (PSR). It... read more

Class-action lawsuit accuses PayPal of anticompetitive pricing

06 Oct 23 @ 11:49

Consumers have filed a class-action lawsuit against Venmo and PayPal, alleging it enacts illegally anticompetitive policies through its anti-steering rules that ultimately lead to millions of consumers paying excess charges annually,... read more

Trending

Mastercard and BVNK Launch Platform Linking Fiat and Stablecoin Payments

20 Oct 26 @ 09:06

Mastercard has launched a new platform with BVNK that brings fiat currencies and stablecoins together through a single API, marking the first major integration ... more

Visa Builds Agentic Commerce Infrastructure as Credentials Reach 5.2 Billion

29 Oct 26 @ 19:39

Visa is expanding its payments infrastructure around agentic commerce, stablecoins and tokenisation as its global credential base reaches 5.2 billion and ... more

UK Moves to Open iPhone Contactless Payments to Apple Pay Rivals

22 Oct 26 @ 18:16

The UK’s competition regulator has set out proposals that could significantly widen access to contactless payments on Apple’s iPhone, potentially lowering b... more