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

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

30 Jun 23 @ 12:18

According to a new study by IDC Financial Insights, spending on legacy payments technology is rising rapidly and damaging the growth prospects of banks around the world. Global financial institution... read more

26 Jun 23 @ 17:13

Instant payments are a relatively new type of credit transfer responding to the needs of an increasingly digitalised society. They allow funds to be transferred in a matter of seconds,... read more

23 Jun 23 @ 09:26

For years now, the challenges small and medium enterprises (SMEs) face in payments have not been getting easier. As long ago as 2019, banking infrastructure firm Banking Circle told us... read more

16 Jun 23 @ 11:45

Five years after firing the starting gun on Open Banking (OB), it looks like things are going well in the UK. However, a key question remains – especially for the... read more

06 Jun 23 @ 07:41

The 2023 version of The Global Payments Report by Worldpay, has revealed that Account to Account payments are now worth $525 billion globally – and are projected to grow at... read more

01 Jun 23 @ 15:52

Diebold Nixdorf (Company), which sells ATMs, payment terminals and other technology, has announced that it, certain of its subsidiaries and certain creditors collectively holding a significant majority of the its... read more

04 May 23 @ 09:18

According to polling company Gallup’s annual “Confidence in Institutions” survey, last year, prior to SVB, only 27% of Americans reported to have a “great deal or quite a lot” of... read more

28 Apr 23 @ 16:23

Mastercard has announced that the US Justice Department (DOJ) is conducting an antitrust investigation of its US debit program and competition with other payment networks. The company says it had... read more

20 Apr 23 @ 13:04

Mobile money is now considered a mainstream financial service in many countries During the COVID-19 pandemic, mobile money enabled millions of people in low- and middle income countries (LMICs) to... read more

18 Apr 23 @ 12:12

Apple and Goldman Sachs launched a new savings account yielding 4.15% a year, having first announced the product in October, the interest rate is more than 10 times the national... read more

12 Apr 23 @ 17:00

PayPal and Visa announced a strategic partnership in the US that will result in an improved and more seamless payment experience for Visa cardholders and offer greater choice in how... read more

29 Mar 23 @ 10:47

Apple has finally launched its much-awaited BNPL offering Apple Pay Later, in its digital wallet. The product, like conventional BNPL offerings, allows customers to pay for online purchases in instalments.... read more

22 Mar 23 @ 19:42

Checkout.com has announced it will launch Checkout.com Issuing allowing customers to create payment cards for their own customers. The company has been testing Checkout.com Issuing for a while, and millions of... read more

20 Mar 23 @ 16:38

The last three years have seen considerable change in how the UK financial services sector operates. The expectations of consumers have shifted, prompted by the pandemic and a need for... read more

17 Mar 23 @ 16:03

In a blow to the two biggest networks in payments, the $5.6 billion antitrust class-action settlement, in which more than 12 million retailers have accused Visa and Mastercard of improperly... read more

07 Mar 23 @ 17:28

The Bank for International Settlements (BIS) and the central banks of Israel, Norway and Sweden have concluded Project Icebreaker, which studied the potential benefits and challenges of using retail central... read more

21 Feb 23 @ 11:18

Complaints to the Financial Ombudsman Service against BNPL firms have jumped 36% over the last three years, highlighting the need to speed up and implement robust regulation of the Buy... read more

08 Feb 23 @ 18:34

Surpassing 1.35 billion accounts in 2021, mobile money has now established itself as the key to financial inclusion in low- and middle-income countries (LMICs). However, off these, only 26% of accounts... read more