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UK Payments sector behind London being Fintech capital of Europe

02 Mar 15 @ 10:08

Accenture reported in ‘The Boom in Global Fintech Investment’ that London “has become the Fintech capital of Europe. Since 2004, the lion’s share of Europe’s Fintech deals and financing have... read more

UK m-commerce spend to grow by 77.8% to £14.95 billion in 2015

27 Feb 15 @ 11:49

The UK is set to make more than a quarter (28.6%) of all online purchases through mobile devices in 2015, according to an international study commissioned by RetailMeNot. The study, carried... read more

SIM card remains secure

25 Feb 15 @ 09:30

The SIM card is so secure that in the case revealed recently, even intelligence services preferred to steal the key rather than attack the SIM card. The secure authentication of... read more

Can we trust cryptocurrencies?

24 Feb 15 @ 16:49

It is a truth universally acknowledged, that a currency system seeking successful adoption must be in want of trust. Trust that a representation of value, such as a paper note,... read more

Sub-Saharan African mobile money market set to soar

19 Feb 15 @ 12:38

The sub-Saharan mobile money market is set to provide telcos and banks with as much as $1.5 billion in fees by 2019, according to research from the Boston Consulting Group... read more

Contactless cards have paved way for mobile payments

19 Feb 15 @ 10:42

Spending on contactless cards more than trebled over the last year to reach a record £2.32 billion in 2014, with the total spend last year more than double that of all the previous... read more

Global smartphone sales set new record

17 Feb 15 @ 14:51

Global smartphone sales set a new milestone in the fourth quarter of 2014, reaching $115 billion for the quarter, an increase of 20% year-on-year, according to data from research firm... read more

US EMV POS migration gathers pace

16 Feb 15 @ 15:33

By the end of 2015, approximately 59% of US POS locations will be EMV-enabled, according to a report from payment consultancy Aite Group. Awareness of the migration to EMV among... read more

25% of phishing attacks in 2014 targeted financial data

13 Feb 15 @ 12:29

The Kaspersky Lab study ‘Financial Cyber Threats in 2014’ reports that 28.8% of phishing attacks in 2014 were intended to steal financial data from users. While carrying out their scams,... read more

Survey on internet security: smartphone and tablet users most reckless

13 Feb 15 @ 11:30

It is surprising to see that smartphone owners of all people are taking the biggest risks with data security, considering that 74% of all interviewees regularly use their web-enabled smartphone... read more

EMV cards are no panacea for credit card security

12 Feb 15 @ 14:46

Whilst the EMV (Europay, MasterCard and Visa) bashing in the US continues to gather pace, US banks, credit card companies and retailers continue to invest heavily in the technology widely used in Europe. EMV... read more

40% of large retailers intend to accept Apple Pay by end 2015

10 Feb 15 @ 10:41

According to a survey from Boston Retail Partners, by the end of 2015, nearly 40% of large US retailers will accept Apple Pay. According to the report, Apple, CurrentC and Bitcoin... read more

UK contactless usage surges

10 Feb 15 @ 10:20

As the limit on contacless payments in the UK rises to £30 per transaction, so too has spending on contactless cards, according to data published by The UK Cards Association,... read more

Misys up for sale

10 Feb 15 @ 09:16

Little know, Singapore state-owned investment fund, Temasek Holdings, is reportedly showing interest in core banking supplier Misys, which has been put up for sale by current owner Vista Equity Partners, according to Sky... read more

UK adults believe that smartphone payments will outpace credit and debit cards by 2020

05 Feb 15 @ 15:16

A new study published by Experian reveals that a third of the UK population (33%) believes credit and debit cards will no longer be the preferred method of payment in 2020,... read more

Survey reveals the growth of the multi-channel consumer

04 Feb 15 @ 16:59

A recent survey has revealed that consumer trust in newer payment methods has declined significantly in the last year. However, despite this lack of trust, the results also demonstrate that... read more

Disagreement over US EMV implementation readiness

04 Feb 15 @ 12:09

EMV implementation is under way in the US, but only about half of the 12 million merchant payment terminals will be converted to accept more secure EMV smart credit and... read more

Nigerian electronic payments hit N35 trillion

04 Feb 15 @ 11:39

The value of electronic payments rose by 150% in two years to N35 trillion in 2014, reflecting the impact of the cashless policy. Deputy Governor, Economic Policy, Central Bank of... read more

Santander: Banking on digital innovation but reviving the branch

03 Feb 15 @ 16:39

In her first interview since taking charge at Santander and as part of the FT’s “Democratising finance” series, Ms Botín, the new head of the Eurozones biggest bank – Santander,... read more

Retailers: online security over cart abandonment

02 Feb 15 @ 16:20

A new survey has revealed that retailers are more focused on online security than online POS revenue loss. Up to 10% of international customers abandon their basket at the point of payment,... read more

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Wero expands merchant payments in France with Orange

06 Sep 26 @ 19:31

Wero is moving further beyond its origins as a peer-to-peer payment service, with Orange becoming the first merchant in France to offer subscription bill paymen... more

ECB and Brazil explore cross-border link between TIPS and Pix

06 Sep 26 @ 19:32

The European Central Bank and Banco Central do Brasil are examining whether Europe’s TIPS instant-payment infrastructure could be connected with Brazil’s hu... more

US Bank tests its own Stablecoin for Cross-Border Payments

10 Sep 26 @ 15:44

US Bank has completed a live cross-border transaction using its own dollar-backed stablecoin, becoming one of the latest major lenders to test whether blockchai... more