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Believing they will fare better independently, some large US retailers have withdrawn from a proposed $7.2 billion credit card fee settlement class-action over a reported conspiracy to inflate credit card fees....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

09 Jun 14 @ 15:35

Barclays has announced plans to tap into demand for wearable devices, with the launch of a trial of its bPay contactless payments wristband. Around 7,000 consumers will be able to... read more

08 May 14 @ 10:11

As Russia begins to ramp up its own counter sanctions to the West, it has been revealed that Visa and MasterCard will have to pay nearly $4 billion in deposits... read more

29 Apr 14 @ 13:06

Following the near completion of the migration of the first two payment instruments, credit transfers (CTs) and direct debits (DDs), to the Single Euro Payments Area (SEPA), the Eurosystem is... read more

03 Apr 14 @ 13:05

The European Parliament is to support the cap on costs of all credit and debit cards at reasonable levels across Europe but is allowing member states to set even lower... read more

10 Mar 14 @ 12:52

Visa and MasterCard have launched a cross-industry EMV acceptance group to improve security for card transactions and press US retailers and banks to meet a 2015 deadline to adopt technology that would make it safer... read more

21 Feb 14 @ 15:47

The card payment fees that banks charge retailers for processing shoppers’ payments should be capped, Economic and Monetary Affairs Committee MEPs decided in a vote on Thursday. The cap would apply... read more

21 Feb 14 @ 15:25

ACI Worldwide  an international provider of electronic payment and banking systems,  has announced strengthened support for UnionPay, the largest card network in the world. ACI’s clearing solution, ACI Interchange, opens... read more

19 Feb 14 @ 14:22

US banks could follow JP Morgan’s lead and get out of the US pre-paid market if proposed new regulatory oversight materialises, leaving the way open for the likes of American... read more

03 Feb 14 @ 16:56

US payments industry deployment of EMV technology accelerated in 2013 to help combat rising card fraud, but widespread industry adoption of US EMV still faces multiple obstacles. Merchants remain suspect... read more

28 Jan 14 @ 11:07

Recent payment regulation, interchange proposals in Europe and the revision of the Payment Services Directive will have a significant impact on business strategies for all stakeholders going forward – reports... read more

16 Jan 14 @ 11:47

The number of ATMs installed worldwide increased by more than 180,000 during 2012 so the global ATM market reached 2.6 million at the end of the year. This is one... read more

15 Jan 14 @ 10:25

There has been much made of Europe securing a third debit scheme for processing card transactions and creating a viable competitor to break the duopoly of Visa and MasterCard. However,... read more

13 Dec 13 @ 09:00

In an unsurprising reaction, the draft European Parliament report on the proposed Regulation on banking interchange fees (MIF) would water down the Commission proposal so that the majority of the... read more

19 Nov 13 @ 19:00

The European Payment Users Alliance is a group of European payment users who have come together to call for more transparency and competition in the payment market. We welcome the... read more

14 Nov 13 @ 17:45

Seamless has continued its rapid rise in the mobile wallet space with its SEQR. A collaboration with bpost bank in Belgium has been announced that will enable consumers to connect... read more

01 Oct 13 @ 13:25

The founders of the Occupy Money Cooperative, an off shoot of the  Occupy Wall Street group say they intend to launch a prepaid Visa card that will carry a small monthly fee. The... read more

26 Jul 13 @ 01:34

First Data Corporation, a global leader in electronic commerce and payment processing, has today announced the extension of its contract with Raiffeisen Polbank, one of its five largest customers in... read more

26 Jul 13 @ 01:30

Barclaycard announces that it has partnered with Sysnet Global Solutions to provide PCI DSS compliance validation services to its UK based merchant customers.  In the accompanying press release Internal Market... read more

26 Jul 13 @ 00:00

The European Commission (EC) published the long awaited proposal for a revised Payment Services Directive (PSD2), and a proposal for the regulation of Multilateral Interchange Fees (MIF), on 24 July... read more