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Contactless 30 Mar 2015 Payments Cards and Mobile

UK is the global leader in contactless payments

According to a new research from Timetric, contactless payments have become a major tool for migrating consumer payments from cash to cards, particularly debit cards. “Contactless cards have gained popularity in…

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Contactless 30 Mar 2015 Payments Cards and Mobile

Vodafone wallet to accept contactless card payments

Vodafone customers will soon be able to add bank cards to their Vodafone Wallet and use smartphones to pay for goods and services at contactless terminals. Following new agreements with…

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Contactless 27 Mar 2015 Payments Cards and Mobile

Apple Pay simplicity raises fraud concerns

A recent rise in fraudulent Apple Pay transactions raises concerns among security analysts that the service's simplicity may be a major weakness. Users only have to open the app on smartphones…

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Contactless 27 Mar 2015 Payments Cards and Mobile

Differing forecasts for mobile wallet

Research and opinion on mobile payment trends contain conflicting predictions and conclusions, partly as a result of banks commissioning fewer market studies, leaving researchers to find a new starting point…

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Daily News 27 Mar 2015 Payments Cards and Mobile

PayPal fined £5.2m over failure to block malicious users

In an embarrassing moment, PayPal has been forced to pay a £5.2 million ($7.7 million) settlement over alleged sanctions violations including allegations that it processed payments for a man involved in…

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Daily News 26 Mar 2015 Payments Cards and Mobile

Middle aged men most likely fraud victims

Recorded fraud victims increased by 25% last year, according to the latest report from the UK fraud prevention service, Cifas, published today. In total there were 276,993 frauds recorded in…

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Contactless 26 Mar 2015 Payments Cards and Mobile

ANZ bank integrate HCE wallet

ANZ has announced it will release an HCE mobile wallet application later this year as an upgrade to its popular goMoney app in New Zealand. Available to around 120,000 customers at launch, the…

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Contactless 26 Mar 2015 Payments Cards and Mobile

Türk Ekonomi Bankası launches mobile payment app using Visa’s HCE…

Türk Ekonomi Bankası (TEB) has announced it will launch a mobile contactless payment application, powered by Visa Europe’s HCE (Host Card Emulation) technology. The application will use the HCE functionality that…

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Daily News 25 Mar 2015 Payments Cards and Mobile

Google's 'Pony Express' Gmail bill payment

Google is reportedly developing a new Gmail feature, Pony Express, that will allow users to receive and pay bills directly from their email inbox. According to Recode, the new project is…

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Contracts 25 Mar 2015 Payments Cards and Mobile

Global Payments acquires Realex payments

Realex Payments, one of Europe’s largest and fastest growing payment gateways, has been acquired by Global Payments, a leading worldwide provider of payment technology services. “We are thrilled to be joining…

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Daily News 25 Mar 2015 Payments Cards and Mobile

Payment Systems Regulator begins £75 trillion UK payment industry oversight

On April 1st,, in what will be a landmark date for UK financial regulation, The Payment Systems Regulator (PSR), the new economic regulator for payment systems, has confirmed how it will regulate…

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Daily News 25 Mar 2015 Payments Cards and Mobile

Monitise rejects sale, Lukies ejected

Former mobile banking darling Monitise has decided not to sell itself, but a strategic review of its "options" has led to its founder and co-CEO Alistair Lukies stepping down from the…

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Daily News 24 Mar 2015 Payments Cards and Mobile

Mobile money transfers double

New research from remittance specialist Azimo, demonstrates that the percentage of money transfers sent from mobile phones has more than doubled in the 12 months to January 2015. Azimo’s research found that almost…

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Daily News 24 Mar 2015 Payments Cards and Mobile

Digital tipping point: Banks must focus on innovation to harness…

A major new report sets out key recommendations for the banking industry and urges regulators to give consumers certainty that their money is equally well-protected wherever they choose to bank. Banks…

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Contracts 23 Mar 2015 Payments Cards and Mobile

Optimal Payments to acquire Skrill

Optimal Payments a global provider of online and mobile payment processing services, has entered into an agreement to acquire Skrill Group from CVC Funds and other shareholders, for an enterprise…

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Daily News 23 Mar 2015 Payments Cards and Mobile

Card Fraud Report – 2015

Card Fraud is the driver of major industry initiatives such as EMV implementation to combat the use of lost, stolen and counterfeit cards, while 3D-Secure authentication protects against the fraudulent use…

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Daily News 23 Mar 2015 Payments Cards and Mobile

Target settles data breach for $10 Million

Target is said to be preparing to settle a class-action suit over its 2013 data breach by paying $10 million to set up a fund for breach victims, who will…

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Daily News 23 Mar 2015 Payments Cards and Mobile

MTN Uganda clarifies mobile money fraud rumours

MTN Uganda has been forced to call a press conference, with high-ranking executives from both MTN and Stanbic. Stanbic bank’s Managing Director, Patrick Mweheire, opened by explaining that the MTN Uganda clarifies mobile money…

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Daily News 20 Mar 2015 Payments Cards and Mobile

More than half of global professionals use their mobile …

In a recent survey of over 300 global business professionals by Timetric, respondents were asked if they use mobile phones for payments and if it is set to change over…

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Daily News 20 Mar 2015 Payments Cards and Mobile

Money laundering rules for digital currency to be put in…

Setting out its approach to digital currency, the UK government has vowed to start applying anti-money laundering regulation to exchanges but also promising to put cash behind research into the potential…

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Daily News 20 Mar 2015 Payments Cards and Mobile

Xiaomi offers interest bearing mobile wallet

Chinese smartphone maker Xiaomi is the latest tech company to cross over into financial services by offering an interest bearing mobile wallet. Xiaomi began public beta testing Tuesday of an online…

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Daily News 19 Mar 2015 Payments Cards and Mobile

Multi-channeI is biggest payment challenge for UK retailers

Multi-channel retailing was named as the biggest payment challenge facing retailers by nearly half (47%) of respondents to Ingenico Group’s survey at this year’s RBTE. Ingenico has revealed the results of its…

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Daily News 19 Mar 2015 Payments Cards and Mobile

Facebook Messanger P2P payments

Facebook is bringing P2P payments to its Messenger application. The strategy will help Facebook keep users on its platform and add value while opening the door to promotion and loyalty capabilities for…

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Daily News 19 Mar 2015 Payments Cards and Mobile

Banks deploying diverse mix of technologies to transform their branches…

Faced with mounting cost pressures and the increasing popularity of digital channels, many financial institutions are undertaking wholesale re-evaluations of their branch strategy, affecting network size, shape, technology and staffing. RBR’s…

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Daily News 18 Mar 2015 Payments Cards and Mobile

Rakuten to accept Bitcoin on global marketplaces

Rakuten has announced that it plans to enable customers to choose bitcoin as a payment option by integrating Bitnet’s payment processing platform on a number of its marketplaces. The Internet services giant…

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Daily News 18 Mar 2015 Payments Cards and Mobile

Bitcoin users to approach 5 million by 2019

A new report from Juniper Research has found that the number of active Bitcoin users worldwide will reach 4.7 million by the end of 2019, up from just over 1.3…

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Daily News 18 Mar 2015 Payments Cards and Mobile

Banking app prototype for Apple Watch

Misys has unveiled what it claims to be the first banking app prototype for the Apple Watch. Developed by a team at Misys Labs, the company said the technology would enable …

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Contactless 17 Mar 2015 Victoria Conroy

TfL achieves one million contactless taps a day

Travellers on the London public transport network used their contactless payment cards to pay for more than a million journeys on a single day last week. Contactless payments on TfL Transport…

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Daily News 17 Mar 2015 Victoria Conroy

Alibaba unveils facial recognition payment tech

Chinese e-commerce player Alibaba is developing facial recognition technology enabling mobile shoppers to replace their passwords with photos of their faces. Alibaba is developing facial recognition tech According to Alibaba chairman…

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Daily News 17 Mar 2015 Victoria Conroy

mPOS player Payleven arrives in Ireland

Payleven, a European mPOS specialist, has announced the launch of its 11th market in the Irish Republic. Payleven has launched in Ireland Irish business owners can accept card payments without fixed…

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Daily News 17 Mar 2015 Victoria Conroy

TD Bank updates mobile app

Canada’s TD Bank Group has announced a redesign of its popular TD app for Android and iPhone smartphones, in order to create a more intuitive, simplified experience for customers. TD…

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Daily News 16 Mar 2015 Payments Cards and Mobile

Changing fraud trends – and how to stay ahead of…

The recent Card Fraud Report from Payments Cards & Mobile and Alaric, an NCR business, highlights the way that card fraud is always changing. In this webinar, David Divitt from Alaric…

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Daily News 16 Mar 2015 Payments Cards and Mobile

PayPal ramps up operations in Africa

PayPal says that its operation in Nigeria is its second largest market in Africa. Malvina Goldfeld, Head of business development, sub-Saharan Africa at PayPal told ITWeb Africa that South Africa remains…

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Daily News 16 Mar 2015 Payments Cards and Mobile

IBM to create blockchain-based digital payments infrastructure for central banks

IBM is rumoured to be considering adopting the underlying technology behind bitcoin, known as the blockchain, to create a digital cash and payment system for major currencies, according to a person…

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Contracts 16 Mar 2015 Payments Cards and Mobile

Alipay and PPRO collaborate on alternative payments for AliExpress in…

The PPRO Group, will collaborate in Europe with Alipay to offer new payment options for online shoppers of AliExpress, a global online marketplace for consumers to buy directly from Chinese…

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Contactless 13 Mar 2015 Payments Cards and Mobile

Apple Pay consumer adoption study

Auriemma Consulting Group (ACG) have launched its Apple Pay Tracker, a longitudinal study that will monitor adoption and usage of the mobile wallet throughout 2015. The study, comprising bimonthly surveys of 3,000…

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Daily News 13 Mar 2015 Payments Cards and Mobile

Relentless rise of ID fraud

Experian has revealed that fraud detection rates have increased during the past year*, with around 50 frauds now being detected per 10,000 cases during Q4 2014 - compared to 40 frauds detected…

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Contactless 12 Mar 2015 Payments Cards and Mobile

UK shuns cash as cards dominate payment market

The way we pay for everything is changing, with more digital transactions than ever before. But how close are we to the tipping point? This weekend saw the end of cash…

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Daily News 12 Mar 2015 Payments Cards and Mobile

Youth attitudes to banking and online banking services

We all instinctively know that mobile is a key channel for any number of things: from communications to gaming, on to navigation through to payments. The smartphone, heralded by the…

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Daily News 11 Mar 2015 Payments Cards and Mobile

Digital top priority for global banks

The rush to implement new digital technologies has overtaken regulatory worries as the highest priority for global bank executives, according to a new report from the Economist Intelligence Unit. The EIU…

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Daily News 11 Mar 2015 Payments Cards and Mobile

80% of global merchantsfail PCI DDS compliance test

Four out of five global retailers and other merchants failed interim tests to determine whether they are in compliance with payment card data security standards (PCI DSS), putting them at…

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Daily News 10 Mar 2015 Victoria Conroy

EU Parliament approves interchange fee caps

The European Parliament has voted in favour of a bill to cap credit and debit card interchange fees. EU Parliament approves caps on debit and credit card interchange fees The bill,…

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Daily News 10 Mar 2015 Victoria Conroy

EPC lays out framework for handling CNP transactions

The European Payments Council (EPC) has unveiled a blueprint for the establishment of an interoperable card and terminal infrastructure to process card-not-present (CNP) transactions across SEPA. EPC outlines framework for…

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Daily News 10 Mar 2015 Victoria Conroy

Digital top priority for global banks

The drive by banks to implement new digital technologies has overtaken regulatory worries as the highest priority for global banking executives, according to new research from the Economist Intelligence Unit. …

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Contactless 10 Mar 2015 Victoria Conroy

Citi, Fidelity and Mint develop apps for Apple Watch

Citi, Fidelity and Mint have developed apps designed for the new Apple Watch, which will be released next month. The new Apple Watch goes on sale next month Citi’s app enables…

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Contactless 09 Mar 2015 Payments Cards and Mobile

Samsung waives fees for Samsung Pay mobile payment service

Samsung, which is gearing up to launch its own mobile payment service, Samsung Pay, in Korea and the US this summer, has decided not to collect fees on Samsung Pay…

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Daily News 09 Mar 2015 Payments Cards and Mobile

Re-designing banking: From the bench to the branch to binary

It's hard to imagine what the Florentine market traders thought would be their impact on the world when they started the western world's first formal system of lending. One thing…

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Daily News 09 Mar 2015 Payments Cards and Mobile

EBA CLEARING working on pan-European instant payment infrastructure solution

EBA CLEARING announced today the kick-off of an Instant Payment Task Force to support the Company’s ongoing work on the creation of a pan-European solution for instant payment processing. The major…

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Contactless 09 Mar 2015 Payments Cards and Mobile

3rd annual mobile payments study

According to research, consumers have shifted their focus from questioning the security of mobile payments to now discussing the possibilities of enhanced digital experiences on devices. At Mobile World Congress, MasterCard…

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Contactless 09 Mar 2015 Payments Cards and Mobile

NFC POS terminals shipments hit 9.5 million

According to a recent research from Berg Insight, the global installed base of NFC POS terminals will grow at a compound annual growth rate of 28.4% from 21.4 million in…

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Daily News 06 Mar 2015 Payments Cards and Mobile

Bank of England: The economics of digital currencies

Digital currencies represent both innovations in payment systems and a new form of currency. This article examines the economics of digital currencies and presents an initial assessment of the risks that…

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Daily News 06 Mar 2015 Payments Cards and Mobile

PayPal sets out new plan

Dan Schulman, the new CEO of PayPal has set out his vision for turning eBay's payments arm from a button on a website into the operating system for digital commerce. Schulman,…

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Daily News 05 Mar 2015 Payments Cards and Mobile

$16 billion stolen from 12.7 million identity fraud victims in…

Javelin Strategy & Research have published its 2015 Identity Fraud Study. 2014 was a mixed year in the fight against identity fraud, with some advances and some setbacks. The study found that…

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Daily News 05 Mar 2015 Payments Cards and Mobile

Visa motors ahead with in car commerce

Visa Inc., Pizza Hut and Accenture announced they are working together to develop a proof-of-concept connected car to test mobile and online purchases on the go. The connected car is expected…

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Contactless 05 Mar 2015 Payments Cards and Mobile

Visa ready for mobile payments after Apple Pay work

Speaking at this morning’s Mobile World Congress (MWC) keynote on digital transactions and social interactions, Ryan Mclnerney, global president of Visa Inc, expressed the huge effort involved in helping Apple Pay get…

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Daily News 04 Mar 2015 Payments Cards and Mobile

ECB: Digital currencies unstable

The European Central Bank has published a new report on digital currencies, describing ECB: Digital currencies unstable them as “inherently unstable” whilst remaining upbeat about the potentially transformative benefits they may offer in payments. The ECB…

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Daily News 04 Mar 2015 Payments Cards and Mobile

Mobile money for the unbanked - an industry report

The GSMA Mobile Money for the Unbanked (MMU) programme has releases its 2014 State of the Industry Report on mobile financial services. Published annually, the report provides industry practitioners with insights…

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Daily News 04 Mar 2015 Payments Cards and Mobile

Evaluation of mobile banking at the top Latin American banks

Celent has explored mobile technology and the breakthrough of mobile banking apps in the retail banking industry in Latin America, focusing on the top 10 institutions. The next logical move is…

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Daily News 04 Mar 2015 Payments Cards and Mobile

Apple Pay experiencing high fraud exposure

Apple Pay has gained momentum quickly, in typical Apple fashion, with 2,000 financial institutions committed to support it, millions of cardholders actively enrolled, and two-thirds of all contactless transactions in…

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Daily News 04 Mar 2015 Payments Cards and Mobile

EMV Liability Shift – 212 Days to Go

October 2015 marks a major milestone in the US payment industry’s migration to EMV as the liability shift comes into effect. After the liability shift, the party on a card…

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Daily News 03 Mar 2015 Payments Cards and Mobile

Egyptian Government and MasterCard collaborate to extend financial inclusion

The Government of Egypt, represented by the Ministry of Communications and Information Technology, and MasterCard announced the details of a recent Memorandum of Understanding (MoU) that will aim to extend financial…

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Contracts 03 Mar 2015 Payments Cards and Mobile

PayPal acquires mobile payments firm Paydiant

PayPal has agreed to buy Paydiant. In an announcement on the PayPal website, Dan Schulman, PayPal President and CEO, said: "Today, I am excited to announce that we agreed to acquire…

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Daily News 03 Mar 2015 Payments Cards and Mobile

Ingenico introduces mPOS

Ingenico has launched the RP170c, an audio jack-based mPOS dongle that can accept Ingenico mPOS Solution RP170c payments made by mobile phone. The RP170c offers support for both NFC/contactless and mag-stripe payments via a 3.5mm…

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Contactless 02 Mar 2015 Payments Cards and Mobile

Samsung unveils Galaxy S6 and Samsung Pay

Samsung has launched its latest flagship devices at Mobile World Congress, with its Galaxy S6 joined by Galaxy S6 edge – a smartphone with a curved display on both sides. While remaining…

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Daily News 02 Mar 2015 Payments Cards and Mobile

SIA continues strong European growth

The Board of SIA, meeting under the chairmanship of Giuliano Asperti, has approved the Financial Statement at 31 December 2014. The results achieved by SIA show a further improvement after that…

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Daily News 02 Mar 2015 Payments Cards and Mobile

UK Payments sector behind London being Fintech capital of Europe

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 taken…

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Contactless 02 Mar 2015 Payments Cards and Mobile

Proxama and Aconite team on mobile proximity commerce

Proxama has unveiled details of its new end-to-end mobile proximity marketing and payments proposition following the acquisition of Aconite Technology last year. Proxama’s new Digital Payments Division will be led by the…

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Contracts 02 Mar 2015 Payments Cards and Mobile

ValidSoft and FICO partnership scores win

ValidSoft with its partner FICO, has launched the ValidSoft Device Trust solution with another major UK retail bank. The new client, unnamed for security reasons, represents the largest UK deployment of …

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Daily News 27 Feb 2015 Payments Cards and Mobile

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

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 out…

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Contactless 27 Feb 2015 Payments Cards and Mobile

Google preparing Android Pay API

Google is rumoured to be launching a payments API that will enable third party developers to embed in-store and in-app payments within their apps, according to press reports. Citing a source, Ars…

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Payments Cards and Mobile