02 Oct 14 @ 15:13

Australia’s ANZ Bank says that its goMoney mobile-to-mobile payments app has reached A$100 billion in transactions since its launch in late 2010. GoMoney enables users to send funds to anyone... read more

02 Oct 14 @ 15:12

A top executive at American Express has acknowledged that the firm’s efforts to engage consumers with mobile payments have so far been a failure – however, as PCM notes, they... read more

02 Oct 14 @ 15:10

MasterCard has lost a court challenge to a European Union (EU) antitrust lawsuit on cross-border interchange fees. The EU’s Court of Justice ruled that the fees set by MasterCard had... read more

02 Oct 14 @ 15:08

UK retailers have welcomed the historic court ruling to cap interchange fees retailers pay banks to process card payments. The judgment by the European Court of Justice comprehensively and decisively... read more

02 Oct 14 @ 15:07

The global market for smart cards  will see steady growth due to the increasing emphasis on the Europay, MasterCard and Visa (EMV) standard in the payment and banking vertical. In... read more

02 Oct 14 @ 15:02

Joe Oliver, the Canadian Finance Minister, is said to be pressing credit card companies and banks to accept lower credit card fees paid by retailers, which the government claims are... read more

02 Oct 14 @ 15:01

The recent card scheme cross-border acquiring (CBA) concessions have created a new model for cross-border acquiring. By default they have become the European Commission’s ‘Plan A’ as a result of... read more

02 Oct 14 @ 14:56

The 100th anniversary of the credit card industry’s birth is a good reason to look back at some of the key events in the history of one of the most... read more

02 Oct 14 @ 14:51

The global payments and transaction-banking businesses continue to represent vital elements of the banking industry and the global financial services landscape. The importance of these businesses both as critical sources... read more

02 Oct 14 @ 14:46

Federal Reserve banks in the US are moving ahead with plans to implement a faster payments system. The Federal Reserve banks are planning to publish a roadmap in the coming... read more

02 Oct 14 @ 14:45

Governments should step up efforts to boost the use of digital payments in developing countries to increase financial inclusion, empower women and spur economic growth, according to a World Bank... read more

02 Oct 14 @ 11:02

MyBank, the pan-European online banking initiative from the European Banking Authority, is making steady progress just 18 months after its official launch. The service enables consumers and businesses to use... read more

02 Oct 14 @ 10:53

As mobile money transfer services like Pingit and Paym gain traction, how will mobile remittances help drive mobile commerce? by Victoria Conroy With all the focus on mobile payments and... read more

02 Oct 14 @ 10:39

How is SEPA faring now that migration deadlines have passed, and could banks be doing more? by Victoria Conroy Finally, after a 15-year wait, and a delayed 1 August migration deadline,... read more

02 Oct 14 @ 10:34

Creating merchant loyalty – location–based offers, discounts and targeted messaging are helping to place merchants at the centre of consumer engagement. by Victoria Conroy According to research by IDC, 1.5... read more

29 Jul 14 @ 22:43

OpenWay and SBC Technologies have announced certification of the first mPOS chip and PIN solution in Russia for compliance with OpenWay technical requirements for EMV support and compatibility with the... read more

29 Jul 14 @ 22:42

Award-winning, high-performance and high-availability card management solutions provider RS2 has signed a five-year licence deal with a major global processor. RS2 Software, the company behind the comprehensive, high-performance and high-availability... read more

29 Jul 14 @ 22:41

UK-based digital commerce specialist Powa Technologies has acquired Hong Kong-based MPayMe in an all-share deal worth $75 million. Powa has paid 3% of its stock, which would give a value... read more

29 Jul 14 @ 22:38

US businesses say that B2B e-commerce raises revenues by increasing sales volumes, according to a survey commissioned by the provider of online commerce technology EPIServer for the consultancy firm Forrester... read more

29 Jul 14 @ 22:35

Spurred by major data breaches at Target and other stores, the US banking and retail sectors are turning to more secure EMV payment cards, causing US shipments of these cards... read more