Showing results for 'AI' in Articles
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Irish banks form alliance for faster payments app Synch

18 Jan 21 @ 09:00

Four of Irelands largest banks are joining forces to launch an instant payments digital payment app, dubbed Synch, that they intent to promote to help fend off the threat posed... read more

Banking regulation needs a reset to remove Big Tech’s advantages

15 Jan 21 @ 16:50

As the new year begins, and we try to rebuild our economies, we need to rethink the way we regulate finance. That is because the challenges posed by the COVID-19... read more

2021 is change is on the horizon: The future of the ATM

15 Jan 21 @ 16:01

Since the COVID-19 pandemic changed the world’s behaviour, ATM usage has seen a rapid decline in most geographies. This has been powered by a combination of lack of movement and... read more

New Year, New Habits: Contactless payments and e-commerce are here to stay

14 Jan 21 @ 10:48

As the one-year mark of the COVID-19 pandemic approaches and digital payments play a larger role in daily life around the world, there will be no reverse gear on consumer... read more

Bitcoin free wheeling days on the road direct it to further regulatory scrutiny

14 Jan 21 @ 09:35

After a sensation 2020 and a manic January 2021, regulators have finally had enough and are sharpening their focus on bitcoin and its use in the international financial system. It... read more

Three years since PSD2 marked the start of Open Banking – where is the UK today?

13 Jan 21 @ 11:36

Today marks the third year since open banking became a regulatory requirement. The aim of this regulation was to increase competition and choice for consumers and small businesses. The UK’s... read more

Unlocking the value of digital identity in payments

12 Jan 21 @ 17:16

In ever more challenging times, the payments industry needs to maintain trust by finding a way to protect consumers from the constant threat of payment fraud and theft. Consumer’s wishing... read more

Future of fraud forecast reveals threats facing businesses in 2021

12 Jan 21 @ 17:02

With the growing threat of fraud fuelled by the digital acceleration that took place in 2020, the 2021 Future of Fraud Forecast reveals five emerging fraud threats facing businesses. The... read more

HPS continues expansion and completes acquisition of IPRC

12 Jan 21 @ 09:11

HPS Group has announced the completion of the acquisition of IPRC, announced on July 9th. Following the lifting of the last suspensive conditions related to administrative authorizations as dictated by... read more

QR Code payment users to reach 2.2 billion globally by 2025

11 Jan 21 @ 17:52

A new study from Juniper Research has found that the total number of QR code payment users will exceed 2.2 billion in 2025, up from 1.5 billion in 2020; equating to... read more

Revolut sets its sights on UK banking license

11 Jan 21 @ 17:34

Revolut has applied to the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA), the UK regulators, for a full banking license to fuel expansion beyond its FinTech roots.... read more

Mastercard launches its first pilot of Cloud POS acceptance technology

11 Jan 21 @ 17:12

Mastercard has partnered with NMI and Global Payments to launch its first live Cloud POS on Phone pilot with Computer Engineering Group (CEG). In Q3 2020, contactless penetration represented 41%... read more

NCR increases offer to seal ATM operator Cardtronics deal

11 Jan 21 @ 12:26

NCR has upped its offered to buy Cardtronics to more than $1.7 billion, beating an former bid in late 2020 for the ATM operator by Apollo Global Management. NCR, proposed a... read more

Major gaps in UK online banking security systems exposed

07 Jan 21 @ 18:21

A new report says that major safety gaps in the online banking security systems of some of the UK’s biggest banks have been exposed by a new investigation by consumer... read more

E-commerce in Africa: can the promise of the continent be fulfilled?

06 Jan 21 @ 16:58

In a recent issue, PCM’s lead feature examined the potential and risks associated with African payments. Now research from global payments firm PPRO claims to show that Africa and the... read more

Domestic Schemes matter: acquirers and merchants should not overlook them

05 Jan 21 @ 19:54

Amidst all the hype about new payments methods and channels, it’s easy to ignore smaller, single-market players – but to do so would be a mistake. Domestic payment schemes accounted... read more

Brexit is done – what are the impacts on the payments industry?

05 Jan 21 @ 17:53

Brexit is done, and its done with a trade deal. We look at what this means for payments in the short to medium term, from passporting rights to staffing, interchange... read more

US Banks may use stablecoins for payment activities

05 Jan 21 @ 16:59

The Office of the Comptroller of the Currency (OCC) has published a letter clarifying national banks’ and federal savings associations’ authority to participate in independent node verification networks (INVN) and... read more

A regulator with no teeth? Ant Group forced to break up by PBoC

04 Jan 21 @ 17:39

China’s central banking regulator, the People’s Bank of China, is reported to be accelerating plans to bring Ant Group closely under its control as part of a “rectification” drive that... read more

The global state of Neobanks

04 Jan 21 @ 17:04

In 2018, there were 60 worldwide digital challenger banks, the so called Neobanks, that had launched up to that date. Now, only three years later, that number has increased by... read more

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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

Starling Builds UK-Sovereign AI Model With Nvidia and Civo

15 Oct 26 @ 19:41

Starling is developing a transactional foundation model with Nvidia that will be trained and hosted entirely within a UK sovereign cloud, as the digital bank lo... 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