25 Jun 18 @ 16:42

After the disappointment of US regulators blocking its purchase of MoneyGram, Ant Financial has taken a step towards dramatically lowering the cost of remitting money overseas in a move that... read more

11 Jun 18 @ 16:50

USAA is suing Wells Fargo Bank, accusing it of infringing on its Remote Deposit Capture (RDC) patented technology that allows users to deposit cheques using mobile devices. It’s the first... read more

07 Jun 18 @ 10:10

Mastercard says it will launch Mastercard Send in the UK. Mastercard Send is a payment service that allows financial institutions, FinTechs, digital customers and other businesses to send real-time payments... read more

05 Jun 18 @ 18:53

Mastercard says it has developed a new suite of services to underpin Open Banking transformations taking place in the industry as partners ready themselves to take advantage of Europe’s PSD2... read more

24 May 18 @ 12:45

Chargebacks were a $31 billion problem in 2017 — a burden that extends far beyond the liability for disputed transactions. Complying with complex and arcane rules that vary across networks... read more

02 May 18 @ 15:53

Blockchain technology is probably one of the most impactful discoveries in the recent history. After all, it has a massive potential to change how we handle online transactions. Despite some... read more

26 Apr 18 @ 09:38

A 27-member Governance Framework Formation Team (GFFT) has spent eight months working on a draft governance framework for a new US Faster Payments Council (FPC). The draft for the new... read more

18 Apr 18 @ 11:38

Almost half (45%) of corporates see a bank’s B2B payables and cross-border payments offering as being a very or extremely important factor in the bank selection process. In its 2017... read more

13 Apr 18 @ 09:44

Acquiring gambling merchants is high risk. Or at least this always used to be the case. But in a regulated industry quick to adopt new technology, where the house always... read more

03 Apr 18 @ 18:05

Walmart like Amazon is moving itself further into traditional financial services provider territory, by expanding its money transfer operation to 200 countries Through the new money transfer operation, people will... read more

03 Apr 18 @ 10:26

The European Commission has announced what the industry sees as a long overdue proposal to make cross-border payments in euro cheaper across the entire EU. Consumers and businesses in the... read more

28 Mar 18 @ 10:46

The latest cards research, Global Payment Cards Data and Forecasts to 2022, reveals that the number of card-accepting merchant outlets rose by an impressive 7 million in 2016 to 61... read more

13 Mar 18 @ 15:27

PayPal has reportedly filed a patent to speed up cryptocurrency transaction times by eliminating the verification time of the payment, however, some experts argue that this is already made possible... read more

06 Mar 18 @ 11:47

Amazon is reported to be discussing a potential partnership to offer its customers bank accounts via JPMorgan Chase, in a deal that would marry America’s biggest e-commerce platform with the... read more

26 Feb 18 @ 10:38

The Venezuelan government says it raised $735m in the first day of the pre-sale of its cryptocurrency, the petro. President Nicolás Maduro tweeted late on Tuesday that the cryptocurrency reaffirmed the... read more

19 Feb 18 @ 17:23

In a speech by Yves Mersch, Member of the Executive Board of the ECB, at the 4th Bargeldsymposium of the Deutsche Bundesbank last week he defied the growing convention that Europe... read more

15 Feb 18 @ 13:26

It has been  reported that both Visa and Mastercard were planning to change the policies they have in place when it comes to purchasing of cryptocurrency. The reports add that... read more

07 Feb 18 @ 17:55

Following on from Visa CEO’s statement on cryptocurrencies in January , it turns out that Visa  and Mastercard have reclassified the way Bitcoin and other cryptocurrency purchases are processed on... read more

25 Jan 18 @ 11:55

The Taiwanese government has planned to promote adoption of mobile payments by subsidising transaction fees to make in-store mobile payments more attractive to consumers. Government departments can help promote mobile... read more

17 Jan 18 @ 10:11

European retail organisations have called on authorities to expand the scope of interchange fee controls to tackle other “stupendous” charges imposed by card schemes, as new rules banning merchants from... read more