10 Nov 14 @ 11:51

CurrentC, the MCX backed mobile payment system developed by a consortium of major retail chains, has made headlines lately for brazenly blocking Apple Pay transactions. The heat CurrentC faced from that poor... read more

10 Nov 14 @ 10:58

According to the term sheet, which was picked up by equity analyst at Keefe, Bruyette & Woods, Sanjay Sakhrani, Apple Pay will receive 15 basis points (0.15 percent) per credit... read more

07 Nov 14 @ 13:21

Braintree, acquired last year by PayPal for $800 million, is aiming to take its ‘One Touch’ payment technology for Paypal beyond the US market. In August the parent firm announced... read more

28 Oct 14 @ 09:16

Timothy Cook, Apple CEO, has revealed that 1 million credit cards were activated on Apple Pay in the first three days that the mobile wallet went live, the New York Times... read more

27 Oct 14 @ 12:44

If it was easy, everyone would do it…or Google Wallet would already be a roaring success. However, it isn’t, and Apple Pay is now discovering its entry into the payments... read more

07 Oct 14 @ 15:32

mPOS player Square has raised $150 million in a funding round, led by the Government of Singapore Investment Corporation. The funding round values Square at $6 billion. Existing investors Goldman... read more

30 Sep 14 @ 14:22

Non-cash payments volumes are expected to grow 9.4% to reach 366 billion transactions in 20131, fueled by strong growth in developing markets and the use of credit (up 9.9%) and... read more

26 Sep 14 @ 13:34

According to news out of the US, the Federal Reserve Board says it will leave its debit card interchange cap for large issuers unchanged despite finding that some of their important... read more

25 Sep 14 @ 12:00

Ripple’s payments network, that allows institutions to facilitate low-cost international money transfers without the intermediation of large banks, has signed its first two US banks as customers. The two banks –... read more

24 Sep 14 @ 10:58

Now that SEPA direct debits and credit transfers are firmly established in Europe, the European Central Bank (ECB) is aiming to speed up SEPA for cards. In a new report,... read more

18 Sep 14 @ 09:28

The global payments and transaction-banking businesses continue to represent vital elements of the banking industry and the global financial-services landscape. The importance of these businesses both as critical sources of... read more

17 Sep 14 @ 11:58

After hitting its £1 billion milestone and raising $25 million from Sir Richard Branson and others this year, TransferWise is now moving beyond the ‘early adopter phase’ to challenge the... read more

05 Sep 14 @ 14:53

Ahead of the launch of the iPhone 6 next week, tech giant Apple has reportedly negotiated deals with several US issuers to give Apple back a portion of card-present interchange... read more

02 Sep 14 @ 14:43

European mPOS specialist Payleven is to drop its fixed pay-as-you-go transaction fees for UK customers that process more than £2,500 per month. A new tiered pricing model will see transaction... read more

19 Aug 14 @ 15:53

UK banks are launching a ‘retry’ system that will give customers a second chance to avoid bounced payments and their associated fees. From 1 September, when a customer’s standing order,... read more

13 Aug 14 @ 14:57

In a widely anticipated move, Amazon.com has unveiled a $10 mobile point of sale device (mPOS) and mobile app for brick-and-mortar businesses, marking the latest step by the US online... read more

22 Jul 14 @ 16:12

The UK banking industry’s main lobbying group, the British Bankers Association, is considering a proposal to merge with at least two of its peers amid pressure from leading members to... read more

02 Jul 14 @ 12:48

On July 7, Judge Nicholas Garaufis of the U.S. District Court for the Easter District of New York will begin hearing arguments in the case, which the Department of Justice... read more

01 Jul 14 @ 10:08

South Africa’s telco’s have been trying for some time to unpick the mobile banking lock, but they have not been able to repeat the successes they have had in countries... read more

18 Jun 14 @ 14:13

Believing they will fare better independently, some large US retailers have withdrawn from a proposed $7.2 billion credit card fee settlement class-action over a reported conspiracy to inflate credit card fees.... read more