14 Oct 19 @ 08:31

JP Morgan Chase has announced it will follow other major banks’ lead and shut down its mobile wallet app, Chase Pay. This represents the bank’s third reversal on its digital... read more

08 Apr 19 @ 14:29

Visa and MasterCard are reported to be planning to increase interchange fees as well as fees that card networks charge financial institutions for processing card payments for merchants. Though merchants... read more

08 Apr 19 @ 13:18

A late 2017 McKinsey study warned payments firms should be more worried about “Big Tech” than fintechs as a threat to their businesses. Since then, Facebook, Apple, Google and Amazon... read more

06 Feb 19 @ 05:57

Visa and Mastercard have offered to cut merchant interchange fees for non-EU credit and debit cards by at least 40 percent to end an EU antitrust investigation, part of a... read more

06 Feb 19 @ 05:18

Driven by contactless card payments and by increased card usage, in 2017 the number of card payments continued to grow across the 33 countries covered by our Yearbook. POS payments... read more

27 Nov 18 @ 11:39

The major card networks dominate the modern payments landscape, and have been a driver of global commerce over the last fifty years. The last few years’ statistics confirm this dominance... read more

27 Nov 18 @ 06:41

There is no doubt that lack of trust in the payment system remains a fundamental obstacle to a cashless society. Research shows that consumers are now more concerned than ever... read more

03 Oct 18 @ 12:52

In June 2018, Indian police in Mumbai, the country’s financial capital, broke the back of a card fraud and cloning racket that involved waiters at bars and restaurants across the... read more

03 Oct 18 @ 12:41

The UK’s Payments Systems Regulator (PSR) has launched an investigation into card acquiring services and whether Britain’s big banks and payments specialists such as Worldpay and Wirecard have taken advantage... read more

09 Aug 18 @ 15:01

The benefits and functionality of prepaid are now being appreciated by all types of issuers and customers. Prepaid is increasingly becoming the infrastructure of choice for FinTech innovation. So, what... read more

09 Aug 18 @ 14:39

Visa and Mastercard are reported to be close to settling a 13-year-old legal challenge over interchange fees, according to people familiar with the agreement. The two companies and banks including JPMorgan Chase, Citigroup... read more

09 Aug 18 @ 14:37

A “very rare partial failure” of a hardware switch caused a Visa Europe processing outage at the beginning of June. The disruption lasted ten hours and affected five million transactions,... read more

09 Apr 18 @ 13:45

We examine payments in Europe’s most prosperous economy. How do Germans pay today? And considering the fragmented banking landscape, love of cash and internet-connected, tech-savvy population, what does the future... read more

09 Apr 18 @ 13:39

The UK ATM network operator, LINK, is planning a phased 20 percent reduction in interchange fees over the next four years. This will start with a five percent cut to... read more

09 Apr 18 @ 13:24

Chinese mobile payment transactions reached a record 81 trillion yuan ($12.8 trillion) between January and October 2017, driven by huge number of consumers and merchants who have looked to more convenient... read more

01 Feb 18 @ 11:33

Cards and card payment at the point of sale and online showed solid growth rates in most European countries in 2016. This was supported by the rollout of contactless technologies,... read more

01 Feb 18 @ 11:15

November 2017 saw the launch of instant payment systems in the US and Europe. PCM looks at the barriers and enablers to real-time payments, and how organisations can position themselves... read more

24 Nov 17 @ 14:12

Global non-cash transaction volumes grew 11 percent to reach 433 billion during 2014-15, the highest growth in a decade, according to the Capgemini World Payments Report 2017. Two regions fuelled... read more

12 Oct 17 @ 14:46

From Brixton in the UK to Nantes in France and Mombassa in Kenya, local currency schemes are growing. In the face of the financial crisis and changing technology, PCM investigates... read more

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