Showing results for 'AI' in Articles
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Stripe lands new funding with Visa

29 Jul 15 @ 10:02

Stripe has won a new round of funding from investors that include Visa, Sequoia Capital and American Express, the funding values the company at $5 billion. The actual value of the funding has not... read more

Cyber attack Open Threat Exchange sharing platform

28 Jul 15 @ 13:26

Banking bosses say that a cyber attack is among their biggest fears, with nearly 80% of chief executives of financial services firms worrying about this potential risk. But five months... read more

CEE joint venture to provide merchant payment services

27 Jul 15 @ 15:38

Erste Group Bank AG (Erste Group) has entered into an agreement with Global Payments to establish a joint venture providing merchant acquiring and payment processing services (merchant payment services) to... read more

Wind of Change for Card Acquirers – Challenges for the card acquirer service model

27 Jul 15 @ 14:54

Obviously, the consolidation within the European acquiring industry market is underway. The country profiles of the Payment Cards Statistical Yearbooks provide the individual background of the card acquirers by country,... read more

Social media to drive mobile money transfer market

27 Jul 15 @ 12:20

In a new report from Juniper Research it is projected that the number of mobile money transfers globally will increase by nearly 150% in 2015 to more than 13bn, with several social media... read more

Square files “confidential” IPO

27 Jul 15 @ 11:59

Square is rumoured to have filed an IPO, a person familiar with the matter said. Square filed its prospectus under the Jumpstart Our Business Startups Act, which permits companies with under... read more

$5.6 trillion SME international money transfer market

24 Jul 15 @ 15:04

The SME international money transfer market is large and well-established with over 100m businesses worldwide, increasing by nearly 8% annually. These businesses represent a huge FX and money transfer market, making... read more

Global smartphone shipments increase 11.6%

24 Jul 15 @ 11:34

Global smartphone shipments rose 11.6% year-on-year in the second quarter to 337.2 million, according to market researcher IDC. This is the second highest quarterly total on record, with growth sustained... read more

Visa Inc. re-ignites talks to buy Visa Europe

24 Jul 15 @ 11:16

Visa Inc. has confirmed it is in talks to reunite with former subsidiary Visa Europe in a deal that would give the global company more scale to compete with rival... read more

A quarter of Brits plan to make a mobile payment in the next 12 months

23 Jul 15 @ 10:32

Following the launch of Apple Pay in the UK last week, new MasterCard figures show that the British public are willing to embrace mobile payments despite some hesitation. 1 in... read more

Thieves target contactless payment cards

23 Jul 15 @ 10:21

Consumer group Which? has warned that data from contactless debit and credit cards is at risk of being intercepted by thieves. All 10 credit and debit cards tested revealed some... read more

European cross-border and card-not-present fraud on the rise

22 Jul 15 @ 13:44

Card fraud losses across 19 countries in Europe rose an average of 6% in 2014, according to a new report based on data from Euromonitor International. But the low overall rise... read more

Equity launches thin SIM mobile money service

22 Jul 15 @ 10:52

Equity Bank has launched its telecommunications services under Equitel, the brand name for its fully-owned subsidiary Finserve Africa. The largest lender by customer base has been issuing ordinary SIM cards at its banking... read more

Death of pocket money – parents pay digitally

22 Jul 15 @ 10:26

Traditional cash pocket money is dying out as increasing numbers of parents are paying their children’s pocket money digitally, according to new research from Intelligent Environments. However, in spite of... read more

UK businesses losing out if they do not have contactless

22 Jul 15 @ 09:08

As usage of contactless cards has trebled, just under half of consumers (47%) expect, or would prefer, businesses to offer contactless payment for low-value transactions, according to new research from... read more

Innovation in payments initiatives

21 Jul 15 @ 15:42

A global study of over 300 banking and financial services executives shows that, for the first time, innovation is ranked as important as regulation. The research also reveals that mobile... read more

First Data to IPO

21 Jul 15 @ 11:37

First Data has taken its initial step towards a multibillion-dollar listing. First Data filed its paperwork for an IPO on Monday, but gave few details on the upcoming deal. The filing said it could... read more

PayPal shares jump on eBay split – company valued at $50bn

20 Jul 15 @ 16:28

PayPal shares are up 5% in its first day as a separate and publicly traded company. The payments system company officially split with eBay on Friday, 10 months after they... read more

NCR shares surge on $9bn PE buyout rumours

20 Jul 15 @ 16:02

Thoma Bravo has been speaking to some of its largest private equity investors about putting together a bid for NCR Corp that could value the ATM maker at around $9... read more

Apple e-commerce platform based on your credit card balance

20 Jul 15 @ 10:41

Who said payments wasn’t sexy? Just weeks after applying for a new P2P payments patent and the launch of Apple Pay in the UK, it is rumoured that Apple has... 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