16 Apr 15 @ 16:08

ACH volume grew to almost 23 billion electronic payments, an increase of almost 5%, or 1 billion transactions, over 2013 volume, according to new statistics released by NACHA — The... read more

16 Apr 15 @ 15:23

From 2011 and 2014, 700 million people became account holders at banks, other financial institutions, or mobile money service providers, and the number of “unbanked” individuals dropped 20% to 2... read more

23 Mar 15 @ 11:30

Target is said to be preparing to settle a class-action suit over its 2013 data breach by paying $10 million to set up a fund for breach victims, who will... read more

18 Mar 15 @ 10:27

Rakuten has announced that it plans to enable customers to choose bitcoin as a payment option by integrating Bitnet’s payment processing platform on a number of its marketplaces. The Internet services giant... read more

12 Mar 15 @ 11:59

The way we pay for everything is changing, with more digital transactions than ever before. But how close are we to the tipping point? This weekend saw the end of... read more

10 Mar 15 @ 17:12

The European Parliament has voted in favour of a bill to cap credit and debit card interchange fees. The bill, which will come into force in October this year, will... read more

06 Mar 15 @ 12:24

Digital currencies represent both innovations in payment systems and a new form of currency. This article examines the economics of digital currencies and presents an initial assessment of the risks... read more

03 Mar 15 @ 15:07

The Government of Egypt, represented by the Ministry of Communications and Information Technology, and MasterCard announced the details of a recent Memorandum of Understanding (MoU) that will aim to extend financial... read more

20 Feb 15 @ 10:58

The longtime chief executive of American Express,Kenneth Chenault, refused for years to settle an antitrust case with the US government, vowing to fight even as the company’s top rivals cut deals.... read more

20 Feb 15 @ 09:25

The market for banking in sub-Saharan Africa has developed slowly. The majority of people in sub-Saharan Africa (as many as three in every four) are still unbanked, meaning that their... read more

19 Feb 15 @ 12:38

The sub-Saharan mobile money market is set to provide telcos and banks with as much as $1.5 billion in fees by 2019, according to research from the Boston Consulting Group... read more

30 Jan 15 @ 10:59

“Everything changes but change itself. You cannot step twice into the same river, for other waters and yet others go flowing ever on,” observed Heraclitus of Ephesus (circa 535 –... read more

21 Jan 15 @ 10:00

The Supreme Court handed US banks a victory as it declined to consider a challenge by a group of retailers to Federal Reserve regulations setting fees for processing debit-card transactions,... read more

15 Jan 15 @ 10:02

Big US banks are steering clear of an advanced security measure used in credit cards around the world, opting for a system that is more convenient for shoppers but may... read more

08 Jan 15 @ 10:38

2C2P, a Southeast Asian payment services provider, and Myanmar Citizens Bank have announced the launch of the Citizen Card, a reloadable prepaid card accepted by MasterCard merchants globally. It comes... read more

06 Jan 15 @ 11:35

Google is suing Visa and MasterCard over the card networks’ interchange fees, with the internet and tech giant claiming that they have violated federal antitrust law. Google has filed the... read more

11 Dec 14 @ 12:31

As we head toward the close, 2014 seemed to be the year of the dinosaur— as in the outmoded creature whose days were ended in the flash of a mighty asteroid strike.... read more

20 Nov 14 @ 09:00

New research from London-based strategic research and consulting firm RBR shows that there were 61 million EFTPOS terminals installed at 40 million merchant outlets around the world, at the end of 2013.... read more

19 Nov 14 @ 10:00

How is SEPA faring now that migration deadlines have passed, and could banks be doing more? Finally, after a 15-year wait, and a delayed 1 August migration deadline, the Single Euro... read more

11 Nov 14 @ 12:00

TSYS has released its white paper titled “How Issuers in Germany Can Replace Threatened Interchange Fees.” The paper explores the financial threat to German issuers of proposed changes to the... read more