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Paym mobile payments service launches in UK

04 Apr 14 @ 10:09

P2P mobile payments service Paym will be rolled out by Britain’s banks at the end of this month. Customers of participating banks and building societies can register their mobile numbers,... read more

European Parliament driving down fees of card payments

03 Apr 14 @ 13:05

The European Parliament is to support the cap on costs of all credit and debit cards at reasonable levels across Europe but is allowing member states to set even lower... read more

Mobile remote deposit capture – once consumers use it they love it

03 Apr 14 @ 09:53

Financial institutions will need to aggressively promote the benefits of mobile remote deposit capture service in their marketing communications in order to grow its usage, according to a recent survey... read more

Getting to grips with ISO20022

02 Apr 14 @ 11:27

ISO20022 is becoming the de facto standard for financial services messaging. This is undoubtedly a good thing – increasing globalisation is driving cross-border payments volumes so any harmonisation is welcome.... read more

Mobile banking transactions in UK double

02 Apr 14 @ 10:45

Brits have now downloaded more than 12.4 million mobile banking apps while the number of transactions made using them has nearly doubled in a year, hitting 18.6 million a week... read more

Steep rise in detected and prevented fraud attempts for financial services

02 Apr 14 @ 09:35

Experian has revealed a significant rise in detected and prevented fraud attempts in H2 2013 as financial services providers push forward in the fight against credit application fraud. According to... read more

Spire Payments acquires Altius Plus for R&D and strategic positioning within Central Eastern European market

01 Apr 14 @ 13:35

Spire Payments has acquired Altius Plus, experts in the development of payment applications, terminal management systems, loyalty schemes, ticketing solutions and client server-based architectures within the payments industry. With a client... read more

Vodafone launch M-pesa in Europe

01 Apr 14 @ 12:35

M-pesa has arrived in Europe as Vodafone seeks to spread the popular digital currency outside emerging markets. Vodafone has acquired an e-money licence to operate financial services in Europe, with... read more

Regulators review bank IT systems

01 Apr 14 @ 11:38

In an awesome piece of news for banking tech vendors, bank IT systems are set to come under the regulatory microscope in 2013/2014 as the UK’s Financial Conduct Authority identifies technology... read more

TSYS signs agreement with Virgin Money

31 Mar 14 @ 10:43

TSYS announced that it has reached a long-term agreement to provide consumer credit processing services along with value- added capabilities for Virgin Money customers within the United Kingdom. Virgin Money... read more

SIA sign agreement with orange for mPOS in Europe

31 Mar 14 @ 10:38

SIA and Orange Business Services have signed a collaboration agreement that will enable European and extra-EU banks and merchants to manage payments via mPOS (mobile point of sale) terminals. More... read more

Mobile is key driver for changes in payments technology

31 Mar 14 @ 10:30

According to the recent IMRG Capgemini Quarterly Benchmarking Study, a third (32%) of all online sales were made over mobile devices between November 2013 and January 2014 – and this... read more

86% of customers shun brands following a data breach

28 Mar 14 @ 10:56

New research commissioned by Semafone has revealed that the overwhelming majority of people would not do business with a company that had failed to protect its customers’ card data in the... read more

BlackBerry strengthens mobile money plans for BBM

27 Mar 14 @ 14:37

BlackBerry expects to use BBM as the vehicle for offering more mobile money services across a greater number of countries this year, according to Re/code. David Proulx, senior director of BBM... read more

Wal-Mart renews Visa suit over interchange fees

27 Mar 14 @ 10:42

Embattled Wal-Mart Stores has filed suit against Visa this week in U.S. District Court (Fayetteville) claiming the defendant conspired with large banks to fix interchange fees charged to merchants between Jan... read more

Trustwave accused in Target data breach suit

26 Mar 14 @ 13:18

Trustwave, the PCI security vendor, has been accused of failing to detect vulnerabilities in Target’s handling of credit card data ahead of last year’s data breach, according to a law suit... read more

New Zealand launches new standards for mobile payments

26 Mar 14 @ 12:03

New options for making payments by mobile phone are expected to appear later this year in New Zealand. Payments NZ has launched new Mobile Device Rules and Standards that will... read more

Brazil’s Bradesco teams with Claro for contactless payment deployment

26 Mar 14 @ 11:42

Starting in H1 2014 Brazilians will be able to use their smartphones to carry out contactless payment transactions when shopping. In the first commercial project of its kind in Latin... read more

eBay urges shareholders to reject PayPal spin off

25 Mar 14 @ 15:21

eBay has suggested that its shareholders and customers are best served by keeping payment processor PayPal and the company together. Further, the e-commerce giant said it does not support activist... read more

Australia’s mobile wallet tipping point

25 Mar 14 @ 14:37

As the popularity of contactless card and smartphone payments increases, new research from CommBank reveals mobile wallets are expected to replace physical wallets in Australia by 2021. According to the... 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