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Cryptocurrency exchange Zaif loses $60 million to hackers

20 Sep 18 @ 14:11

In yet another blow to the burgeoning cryptocurrency market, it has been reported that Zaif, a Japanese digital currency exchange, has had $60 million stolen. Tech Bureau, the operator of Zaif... read more

SoftBank launch PoC for cross-carrier blockchain-based mobile payments service

12 Sep 18 @ 14:52

SoftBank, Synchronoss and TBCASoft have announced that they have partnered on a Proof of Concept (PoC) for a new cross-carrier mobile payments service based on the Rich Communications Service (RCS) global messaging standard... read more

Mobile payments driving retail e-commerce sales worldwide

11 Sep 18 @ 11:53

In 2017, retail e-commerce sales worldwide reached $2.304 trillion, a 24.8% increase over the previous year. Mobile payments were a key factor, as m-commerce sales totalled $1.357 trillion, making up... read more

Deploying AI in the payments sector – The key risks and issues

31 Aug 18 @ 15:11

Deploying AI in the payments sector – With the global volume of online payments set to increase by almost 11% a year between 2015 and 2020 (and by as much... read more

Silk Way Bank launch Payments.iQ for payment terminals in azerbaijan

27 Aug 18 @ 09:00

Silk Way Bank launched a new successful project in Azerbaijan, based on Payments.iQ, within the framework of the program to improve customer service and popularise cashless payments. SWPay is a... read more

Thai Central Bank launches Project Inthanon digital currency

24 Aug 18 @ 12:46

The Bank of Thailand has outlined a preliminary road-map for Project Inthanon, its central bank digital currency (CBDC) initiative. The Bank of Thailand (BoT), the country’s central bank, is partnering... read more

Report: Consumer adoption of retailer mobile shopping apps and wallets doubles

24 Aug 18 @ 11:59

As mobile shopping continues to grow, consumers are downloading retailer’s mobile apps at double the rate of years past and conducting more in-app purchases, according to new findings from Synchrony. As... read more

Invisible banking is in plain sight – here’s what to do about it

23 Aug 18 @ 13:59

In today’s mobile world, financial institutions are working hard to give their digital offerings an overhaul. They are under pressure from several key factors to do so: firstly, because of... read more

Growing pains: RBI orders a stop to Paytm service

15 Aug 18 @ 11:55

The growth of Paytm has been exponential as it achieved an annual run rate of 5 billion digital transactions and $ 50 billion GTV (Gross Transaction Value) in July 2018. Paytm is... read more

Crypto-coining it: How cryptocurrencies went mainstream

14 Aug 18 @ 13:51

Previously existing only on the fringes of finance or computer science, cryptocurrencies are now being discussed more widely. In the future, banks may not be the only ones making money... read more

Retail fraud volume and cost increase sharply according to 2018 True Cost of Fraud report

13 Aug 18 @ 13:56

In the new and comprehensive 2018 True Cost of Fraud report, for the retail sector, LexisNexis Risk Solutions findings show fraud is escalating at an unprecedented pace in an industry already operating... read more

PREPAID REBOOTED

09 Aug 18 @ 15:01

The benefits and functionality of prepaid are now being appreciated by all types of issuers and customers. Prepaid is increasingly becoming the infrastructure of choice for FinTech innovation. So, what... read more

CRYPTO-MANIA TO GO MAINSTREAM?

09 Aug 18 @ 14:43

ICOs: a new way to raise capital and a profound financial innovation or part of the hype around cryptocurrencies? Initial coin offerings (ICOs) are the crypto-community’s answer to an IPO. Also known... read more

RIPPLE CLAIMS POSITIVE INITIAL RESULTS FROM XRAPID PILOTS

09 Aug 18 @ 13:55

Ripple has announced aggregated and averaged results from several early xRapid pilots. xRapid is Ripple’s on-demand liquidity solution which uses the digital asset XRP for more efficient cross-border transactions between... read more

Blockchain deployments could save banks more than $27bn annually

03 Aug 18 @ 10:58

A new study has found that blockchain deployments will enable banks to realise savings on cross-border settlement transactions of more than $27 billion by the end of 2030, reducing costs by... read more

American Express files latest blockchain-based proof of payment technology patent

25 Jul 18 @ 15:17

American Express has proceeded with the latest in a series of blockchain patents that it is seeking to position the group as the leader in new blockchain enabled transaction technology.... read more

FCA approval? Are cryptocurrencies going mainstream?

17 Jul 18 @ 09:58

UK regulators are starting to give cryptocurrencies and associated crypto assets their seal of approval. This is significant, not least because it goes against the prevailing wisdom among policymakers around the world... read more

Worldline obtains its “pan-European” Third Party Provider (TPP) license

16 Jul 18 @ 08:53

Worldline has obtained two new licenses, linked to the PSD2, from the National Bank of Belgium enabling the company to become a Payment Initiation Service Provider (PISP) and an Account... read more

Blockchain and payments: Reality after the hype

14 Jul 18 @ 09:55

In 2017, blockchain moved from a fringe innovation used by a small, tech-savvy community, to a tool being developed and deployed by stock exchanges, banks, shipping companies and governments. Blockchain... read more

R3 completes KYC Blockchain Platform tests with banks and regulators

12 Jul 18 @ 10:16

The R3 Blockchain Consortium of 39 financial firms has completed more than 300 transactions via R3’s know your customer (KYC) application, according to a post on R3’s blog. R3’s KYC project involved major financial... read more

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Visa launches Intelligence Commerce Connect tool

14 Apr 26 @ 20:03

Visa is stepping up its push into agentic commerce with the launch of Intelligent Commerce Connect, a new tool intended to help businesses plug into AI-driven s... more

Revolut eyes an IPO, but the valuation story is the real headline

21 Apr 26 @ 14:35

Revolut is beginning to sound more like a future public market heavyweight than a fast-growing European fintech. Chief executive Nik Storonsky has said the com... more

American Express launches agentic commerce developer kit

16 Apr 26 @ 11:46

American Express is positioning itself early for what could become one of the next major shifts in digital payments: AI agents that do more than recommend produ... more