16 Sep 16 @ 13:41

Monthly consumer adoption of mobile wallets (including those offered by merchants, card issuers, and the “Pays”) has nearly doubled in three years from 11% to 21%. However, monthly frequency of... read more

13 Sep 16 @ 13:49

The US Court of Appeals overturned the landmark antitrust interchange settlement between retailers and Visa and Mastercard on June 30, 2016, reigniting more than 10 years of legal battles over... read more

12 Sep 16 @ 13:15

First Annapolis has been closely monitoring the product offerings of the top issuers in several European markets in order to gauge issuers’ reactions to the interchange decreases that went into... read more

12 Sep 16 @ 12:55

In the past, hackers have most often gone after specific merchants when seeking cardholder information. Recent malware attacks on point-of-sale (POS) vendors, however, may signal a drastic shift in how... read more

09 Sep 16 @ 09:56

On the 25 June 2015, a new package of EU Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) legislation came into effect with the adoption of the Fourth Money Laundering Directive... read more

09 Sep 16 @ 09:18

A £14 billion legal claim has been filed against Mastercard on behalf of UK consumers seeking damages for anti-competitive card fees. In 2014, the European Court of Justice ruled that... read more

07 Sep 16 @ 11:58

Over the past few years, the payment landscape in India has mirrored developments occurring in the global payments arena, albeit with a time lag. Although digital payments in India is... read more

06 Sep 16 @ 11:37

First Annapolis recently completed the third edition of its semi-annual Study of Mobile Banking & Payments tracking consumer adoption and use of mobile banking and payments products. Given the energy... read more

06 Sep 16 @ 10:20

The problem for most online e-commerce stores is that cart abandonment is on the rise. The data has shown a continuing upward trend, with a near 15% rise in online... read more

02 Sep 16 @ 14:47

The move from apps to bots has been hailed as the new paradigm shift and the next big technological disruption. Messenger platforms and chat bots are being seen as the... read more

01 Sep 16 @ 09:44

High-risk acquiring often means high rewards for acquirers and payment service providers. However, balancing risk with reward in the e-commerce channel can be fraught with hazards for the unwary. The... read more

01 Sep 16 @ 09:31

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

01 Sep 16 @ 09:12

Consumer-merchant engagement is fundamentally changing, becoming more digital and more open. Shoppers from all age groups increasingly purchase goods and services at home, at work, or on the go, via... read more

31 Aug 16 @ 13:47

Only 5% of banks and other financial institutions are aware that the EU Payment Services Directive (PSD2) will require open access to customer accounts, according to a UK law firm... read more

30 Aug 16 @ 13:15

Financial technology groups from more than 20 cities across the world plan to form a federation of ‘FinTech’ hubs this year in what would be the first attempt to coordinate innovation... read more

16 Aug 16 @ 17:07

The use of zero-day exploits and advanced persistent threats to hack into organisations make for great news headlines. However the reality is much more mundane and low-tech. Cybercriminals are continuing to... read more

15 Aug 16 @ 13:13

The PCI Security standards council (PCI SSC) has published an update to its global data security standard. Version 3.2 replaces version 3.1 to address growing threats to customer payment information. “We’ve... read more

15 Aug 16 @ 13:07

Investment in the financial technology (FinTech) sector worldwide grew by 75%, or $9.6 billion, in 2015 according to a recent report by Accenture. The growth was driven primarily by a 445%... read more

15 Aug 16 @ 11:53

Even though studies are showing that an increasing number of users are giving the mobile wallet technology a try, only a few are reported to be using it on a continuous... read more

12 Aug 16 @ 11:14

In an Opinion issued yesterday, the EBA welcomed the Commission’s proposal to bring virtual currency exchange platforms and custodian wallet providers within the scope of the 4th Anti-Money Laundering Directive.... read more