12 Sep 14 @ 11:16

Citigroup has claimed to be the first global bank to introduce its own branded digital wallet in the US. However, questions are being asked as to how many of Citi’s... read more

11 Sep 14 @ 10:36

UK retailers have today welcomed an historic court ruling to end card fees retailers pay banks to process card payments (known as interchange fees). Today’s judgement by the European Court... read more

10 Sep 14 @ 11:19

A nice, neat explanation of the salient points of Apple Pay: User: iTunes account with Visa or MasterCard or Amex card on file and issued by the most popular banks,... read more

01 Sep 14 @ 12:06

The UK government is to urge European Union nations to expel Russian banks from the Swift financial messaging network, amid rising tensions over the crisis in Ukraine. UK prime minister... read more

27 Aug 14 @ 11:54

BPC Banking Technologies, a global provider of open system payment solutions, has been selected by Ethiopia’s EthSwitch to power its national switching operations in Ethiopia. BPC’s SmartVista solution was selected... read more

22 Aug 14 @ 11:47

Online auction house eBay is considering selling its PayPal unit next year, according to media reports. Tech site ‘The Information’ stated that during interviews for the vacant position of president... read more

20 Aug 14 @ 15:15

Russia’s MDM Bank has partnered with Chinese payment network China UnionPay (CUP) to issue CUP-branded cards. Other Russian banks, including Alfa Bank, Gazprombank and Bank of Moscow are also preparing... read more

14 Aug 14 @ 14:31

More than 575 million US EMV payment cards will be in issue by the end of next year, according to a statement issued jointly from Visa and MasterCard on Wednesday (13/08/2014). That... read more

04 Aug 14 @ 10:34

The use of contactless cards to make contactless payments has continued to gain monthly momentum in the UK, according to figures released by Visa Europe today. Consumers made almost 20 million... read more

25 Jul 14 @ 11:59

From 16 September Transport for London (TfL) will introduce contactless payments for all pay as you go customers on the Tube, London Overground, DLR and Trams in addition to the... read more

24 Jul 14 @ 14:57

In a further round of speculation and rumour, Apple’s talks with companies in the payment industry have been heating up in recent months regarding the launch of a mobile wallet,... read more

17 Jul 14 @ 13:25

This spring, Apple CEO Tim Cook offered a vision of the company’s future – to anyone reading between the lines. “We have almost 800 million iTunes accounts and the majority... read more

11 Jul 14 @ 11:05

Throughout 2013 Visa cardholders used their contactless cards to make more than 94.3 million purchases in the UK compared to just under 25 million contactless purchases in 2012. Contactless purchases... read more

08 Jul 14 @ 16:32

Global mobile money specialist Monitise has seen its share price plummet more than 15% today after the company issued a trading update stating that its revenue growth this year would... read more

07 Jul 14 @ 19:22

NXP Semiconductors announced that it has extended its leadership in the market for secure ICs in payment cards with 48% market share in million units for 2013, growing from 32%... read more

02 Jul 14 @ 12:48

On July 7, Judge Nicholas Garaufis of the U.S. District Court for the Easter District of New York will begin hearing arguments in the case, which the Department of Justice... read more

01 Jul 14 @ 10:08

South Africa’s telco’s have been trying for some time to unpick the mobile banking lock, but they have not been able to repeat the successes they have had in countries... read more

24 Jun 14 @ 11:57

A new survey shows that the majority of high value retailers in Europe believe that draft EU rules to cap interchange fees for electronic payments should only go ahead if... read more

18 Jun 14 @ 14:13

Believing they will fare better independently, some large US retailers have withdrawn from a proposed $7.2 billion credit card fee settlement class-action over a reported conspiracy to inflate credit card fees.... read more

18 Jun 14 @ 13:59

Card networks are taking aggressive action not to lag behind the expected replacement of plastic products with new digital payment methods. For example, Discover Financial Services has signed onto the... read more