23 Nov 16 @ 06:41

Despite all the marketing money spent on promoting electronic payments over many decades, cash still accounts for around 80 percent of consumer payments worldwide. So, is a cashless society a... read more

28 Sep 16 @ 06:47

AS THE SHARE of digital payments in Europe keeps on growing to reach 38 percent of payments by 2020, the continued transformation of Mastercard is driven by the rapid growth... read more

28 Sep 16 @ 06:39

AS THE ONE year anniversary of the US EMV migration shift to chip approaches, new data has been released con rming the positive impact the technology is having on issuing... read more

28 Sep 16 @ 06:34

FOR THE FIRST time in the Russian market, MDM Bank, one of the largest private banks in Russia, has launched single-tap Mastercard contactless mobile payments with no additional passwords. Using... read more

28 Sep 16 @ 06:26

THERE HAS BEEN much written about the Australian banks pushing Apple Pay to loosen its grip on the technology that enables mobile payments. The result could bode well for US... read more

28 Sep 16 @ 06:21

GOOGLE IS RUMOURED to be launching the Android Pay, digital payment service, using smartphones in Japan as early as autumn, in cooperation with Mitsubishi UFJ Financial Group, sources close to... read more

27 Sep 16 @ 13:40

Innovation is one of the few ways to sustain competitive advantage over time. But can incumbent banks and payment companies truly innovate any more? PCM examines how incumbents are innovating... read more

03 Aug 16 @ 07:28

CHARGEBACKS HAVE BEEN part of card scheme dispute resolution rules for decades and reflect consumer protection regulations in many countries. However they are also the ultimate un-virtuous circle where almost... read more

03 Aug 16 @ 07:02

Following Britain’s momentous decision to leave the European Union, thoughts must inevitably turn to the potential impact on UK consumer payments. Chris Jones, director, PSE Consulting, provides some early thoughts... read more

02 Aug 16 @ 16:19

Identification and verification (ID&V) has always been at the heart of banking and payments, particularly in the digital age. After all, “on the internet, nobody knows you’re a dog” read... read more

24 May 16 @ 15:44

THE MARKET FOR mobile payments in China is hotting up with no fewer than three new ‘Pay’ launches in as many months. Apple Pay launched with China Union Pay and... read more

24 May 16 @ 15:25

A CONSISTENT STANDARD for the implementation of payment account references (PAR) is now available, following an update to the EMV payment tokenisation specification. Acquirers, merchants and payment processors can use... read more

05 Apr 16 @ 15:13

The value of card payments in Asia Pacific grew by 25 percent in 2014 to reach $9.0 trillion, accounting for just under half of the global total card expenditure. The... read more

02 Feb 16 @ 10:44

Cards and card payment at the point of sale (POS) and online showed solid growth rates in most European countries in 2014, supported by the roll-out of contactless technology. The... read more

02 Feb 16 @ 10:18

Tim Cook, CEO of Apple, said that 2015 would be the year of Apple Pay. As it turned out, 2015 was the year of mobile payments initiatives generally as technology... read more

02 Feb 16 @ 10:14

Russia has launched its own domestic payment system, aiming to boost its financial independence and compete with international payment systems, such as Visa and MasterCard. The Bank of Russia and... read more

09 Nov 15 @ 14:49

“It takes 20 years to build a reputation and 5 minutes to ruin it.  If you think about that you’ll do things differently,” said US investor Warren Buffet.  We look... read more

01 Oct 15 @ 08:42

Bookmaker William Hill has launched a re-loadable prepaid card, which allows customers to access their winnings immediately after bets are settled. The Priority Access card, co-branded with MasterCard, solves the... read more

01 Oct 15 @ 08:35

The class action against Target brought by several banks over the retailer’s massive data breach in 2013 has been certified by a US judge. District Judge Paul Magnuson said the... read more

01 Oct 15 @ 08:30

Google finally rolled out Android Pay, its one-touch payment app on Android devices, in more than 1 million contactless-enabled merchants in the US on 10 September. Android Pay supports credit... read more