01 Sep 17 @ 15:49

In competition with R3 and Swifts blockchain initiative, six of the world’s biggest banks have joined a project to create a new form of digital currency that they hope to... read more

30 Aug 17 @ 13:45

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

22 Aug 17 @ 15:27

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

07 Aug 17 @ 10:42

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

02 Aug 17 @ 14:57

Retail e-commerce sales – which include products and services (barring travel, restaurant and event ticket sales) ordered via the internet over any device – reached $1.915 trillion in 2016, accounting... read more

01 Aug 17 @ 12:39

Russia (42%), Indonesia (45%), Vietnam (37%), Argentina (38%) and Israel (25%) are surprisingly included in the fastest growing e-commerce markets in terms of percentage growth compared to last year, according... read more

31 Jul 17 @ 15:18

The Bank of England has extended direct access to Real Time Gross Settlement (RTGS) accounts to non-bank payment service providers as part of a wide-ranging effort to inject more competition... read more

28 Jul 17 @ 13:57

A New EU directive coming will make it illegal to surcharge for Debit and Credit cards. In the UK the government has extended this to include American Express and PayPal. In 2010... read more

06 Jul 17 @ 14:45

Swift says that is has signed an additional 22 banks to its blockchain proof of concept (PoC). The project is designed to determine if blockchain technology can help banks reconcile... read more

26 Jun 17 @ 13:09

The Open Banking evolution continues to unfold. Banks risk disintermediation if they do not carefully 1) choose their customer-interaction business model role, and 2) use application programming interfaces (APIs), according... read more

08 Jun 17 @ 12:33

BBVA completed the first real-lifeimplementation of an international money transfer using Ripple’s new distributed ledger technology (DLT). The transaction, running on BBVA infrastructures with real money, successfully completed transfers between Spain and... read more

08 Jun 17 @ 12:30

The US Supreme Court declined to hear a bid by retailers to revive a $7.25 billion anti-trust settlement reached with Visa and Mastercard over claims that the networks fixed card... read more

08 Jun 17 @ 10:17

The news that JPMorgan Chase left the R3 Blockchain consortium speaks to the challenges ahead for any consortium whose aim is to get multiple financial institutions to agree on a... read more

08 Jun 17 @ 10:14

British business is set to waste an estimated £37 billion on failed agile IT projects over the course of the next 12 months, according to a new report. 6point6 commissioned... read more

06 Jun 17 @ 16:57

Atom bank, the UK’s first app-based bank, is reported to be delaying the launch of consumer current accounts until at least 2018. Atoms CEO blames forthcoming regulations that make the UK’s personal banking market too... read more

31 May 17 @ 11:16

A multi sector consortium of Spanish companies which are pioneers in their different industries has created the Red Lyra, the first multi sector technology platform in the world based on... read more

30 May 17 @ 10:53

Just a week after the R3 group took a record funding round, the Bank of Canada has said distributed ledger technology, a new approach for processing transactions that is being... read more

24 May 17 @ 17:04

Financial and technology companies led by Bank of America,SBI Holdings, HSBC, Intel and Temasek Holdings have invested $107 million in R3 CEV which runs a big bank consortium seeking to develop... read more

18 May 17 @ 10:24

Credit, debit, and prepaid general purpose and private label cards issued in the United States generated $5.936 trillion in payments for goods and services in 2016. Card fees, which include... read more

16 May 17 @ 13:29

Samsung Pay has launched in the UK. Visa account holders can now use their compatible Samsung smartphones for purchases worldwide. Visa’s tokenisation service enables cardholders to add their Visa credit and... read more