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CORVID PayGate technology gains accreditation to deliver Faster Payments

08 Nov 17 @ 09:22

Ultra Electronics’ CORVID PayGate platform has been accredited by the Faster Payments Scheme Limited (FPSL) as technically compatible with the Faster Payments Central Infrastructure (FPS CI). This assures CORVID’s ability... read more

Mastercard opens up API access to blockchain platform

30 Oct 17 @ 12:15

Mastercard says that it will open up access to its in house blockchain technology platform via an application programming interface (API) which will be made available to developers at banks... read more

Strategies for securing retail payment data

23 Oct 17 @ 11:16

Verizon recently released its annual Payment Security Report. And for retailers, the report highlighted significant areas for improvement in encrypting data, securing transmitted retail payment data, and authentication. This should serve as... read more

Spanish consortium launches blockchain based Alastria

19 Oct 17 @ 18:00

A consortium of Spanish banking, energy and teleco heavyweights have established blockchain based national network dubbed Alastria. The non-profit “world’s first regulated national network based on blockchain”, will develop distributed... read more

JP Morgan launch interbank payments platform on Quorum blockchain

17 Oct 17 @ 15:41

JPMorgan Chase is set to launch a new interbank payments platform powered by the Quorum Enterprise-ready distributed ledger and smart contract blockchain platform. With the participation of two other banks... read more

CASH STILL KING BUT CROWN PRINCE CONTACTLESS AWAITS

12 Oct 17 @ 09:53

Cash was the most frequently used payment method in the UK in 2016. However its relative importance is declining as consumers turn to alternative payment methods, such as debit and... read more

BUSINESSES FAILING ON PAYMENT SECURITY

11 Oct 17 @ 15:06

Nearly half of companies fail to effectively secure their payment systems from hackers, risking their customers’ data, brand and financial health, according to a new report from Verizon. Overall compliance... read more

ARE BANKS USING THE BEST BIOMETRIC SYSTEMS AVAILABLE?

11 Oct 17 @ 15:04

Many banks around the world, large and small, continue to experience major security failures. At this year’s Kaspersky Security Analyst Summit, analysts explained their investigation of the takeover of a... read more

UK’S LARGEST RETAILER LAUNCHES TESCO PAY+

11 Oct 17 @ 14:59

The UK’s largest retailer, Tesco, with £54.4 million in sales has announced that its current digital wallet app PayQwiq, is to be re-launched as Tesco Pay+. Launched in 2015, the... read more

Zelle claims 4 million users and mobile P2P payment app

11 Oct 17 @ 14:59

Zelle, the bank-based mobile P2P offering operated by Early Warning says more than four million people have enrolled in the mobile based payment network backed by many of the US’s... read more

NEW ANDROID MALWARE FAKEDTOKEN CAN STEAL CARD DETAILS

11 Oct 17 @ 14:59

A new piece of Android malware, dubbed Fakedtoken is able to quietly steal victims’ details when they enter them into apps, as well as spy on their texts and phone calls,... read more

WORLDWIDE RETAIL E-COMMERCE SALES REACH $1.9 TRILLION

11 Oct 17 @ 14:42

Retail e-commerce sales, which include products and services except travel, restaurant and event ticket sales, ordered via the internet over any device reached $1.915 trillion in 2016. This accounted for... read more

CLASS ACTION LAWSUITS FILED AGAINST EVO

11 Oct 17 @ 14:37

Atlanta-based law firm Webb, Klase & Lemond, LLC has filed two class action lawsuits against payment processing giants EVO Payments International and EVO Merchant Services (collectively, “EVO”) alleging they maintain... read more

Taiwanese Bank bank loses $60m in Swift malware attack

10 Oct 17 @ 13:07

Almost $60 million has been stolen from Far Eastern International Bank in Taiwan using a Swift malware attack last week, with funds being routed to accounts in Cambodia, Sri Lanka and the... read more

IMF chief gives serious backing to digital currencies going mainstream

04 Oct 17 @ 09:32

Christine Lagarde, head of the International Monetary Fund (IMF), warned central bankers that digital currencies are rising. Lagarde told them not to discount digital currencies, because they are gaining more adoption and... read more

The Toys ‘R’ Us bankruptcy cocktail: Amazon, Walmart and billions in debt

26 Sep 17 @ 16:49

When Toys “R” Us filed for bankruptcy protection, the easy culprit to blame was Amazon. But long before Amazon battered Toys “R” Us with a much deeper selection, Walmart was... read more

Mobile tipping point: How retailers are adding incremental sales in Japan

22 Sep 17 @ 11:00

In Japan, both local and global merchants, are successfully leveraging Japan’s technologically advanced economy to increase sales by up to 30%. The answer to how to make this increase may... read more

Zelle claims 4m users and mobile P2P payment app

13 Sep 17 @ 11:06

Zelle, the bank-based mobile P2P offering operated by Early Warning says more than 4 million people have enrolled in the mobile based payment network backed by many of the US’s largest... read more

EMEA retailers set to increase investment in payments

11 Sep 17 @ 16:28

55% of retailers and merchants in the EMEA region are planning to increase their investment into new payments capabilities in the next 18 to 24 months, according to the  2017... read more

UK’s largest retailer launches Tesco Pay+

06 Sep 17 @ 10:25

The UK’s largest retailer, Tesco, with £54.4m in sales has announced that its current digital wallet app PayQwiq, is to be re-launched as Tesco Pay+. Further details about Tesco Pay+... 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