While online retailers roll their Black Friday bargains over to Cyber Monday, research shows that an increasing amount of online sales are being made via smartphones and tablets, and this trend is continuing – but this does not mean smaller crowds, as consumers are also switching to ‘click & collect’ services.
Skrill Group, a global provider of online payment technologies to merchants and consumers, has added significant reach to its online payment voucher provider paysafecard with the acquisition of Ukash.
Holiday shopping over the Thanksgiving weekend was slightly lower than the previous year, according to a survey by the National Retail Federation.
UGO Wallet, an NFC mobile wallet developed by UGO Mobile Solutions and Canadian banks President’s Choice Financial and TD Bank Group, launched last week and is available to customers of Canada’s three largest wireless carriers.
Is it a surprise to anyone in the payments industry that the word “contactless” was a finalist this year as Oxford Dictionaries’ Word of the Year?
Barclays has launched a new video banking service on smartphone, tablet and computer, which it says will allow customers to have face to face conversations with the bank anytime, anywhere, without having to visit a branch.
A pan-African vision has inspired the African Stock Exchange, which has ambitious plans to tap the potential of the continent using hosted technology and a secure base in Mauritius.
Despite tensions between Russia and NATO over the situation in east Ukraine, the underlying internationalisation and reform agenda in Moscow has not changed, according to Russian broker BCS.
Monitise plans to raise £49.2 million through extensions of its relationships with Santander, Telefónica and MasterCard. The money raised will be used to ‘support the development and accelerated roll-out of its global platform capabilities’.
The European Payments Council has set out new requirements under the Single Euro Payment Area Credit Transfer and Direct Debit schemes, including changes to the time cycle, business to business rulebooks and the process for SDD collection, following SEPA implementation in August.
Payments industry participants are getting a taste of what compliance might be like under its new regulator the Payment Systems Regulator (PSR).
Gift card exchange Cardpool is partnering with LevelUp to make the most coveted gift—the gift card—more valuable by enabling LevelUp users to exchange unused and partially used gift cards for LevelUp credits at more than 14,000 participating merchants.
The recent launch of the Apple Pay wallet app on the latest iterations of iPhone handsets has created a flurry of activity among m-payments providers trying to attract as many consumers as they can to their solutions.
Despite the G20 plans put in place since the financial crisis, CCPs are still vulnerable to unforeseen risks and could put the whole financial system in jeopardy in the event of a catastrophic default, according to senior financial services executives speaking in London today.
CARD.com, a mobile-focused financial product provider, has hired David Wolfe as senior vice president of technology.
Card marketing and production service provider Arroweye Solutions has been selected by American Banker as one of the Top 100 worldwide technology providers to the financial services industry.
Consumer Reports recently published a Naughty and Nice List based on company practices and policies. Discover made the Nice list by becoming the first major credit-card issuer to provide free FICO scores from TransUnion on monthly statements of qualifying cardholders.
Fiserv Inc., a Brookfield, Wis.-based financial services technology provider, has named Kevin Schultz group president.
Robert P. Zinn, partner and a firm-wide leader of K&L Gates’ global corporate and transactional practice, has been named one of Global M&A Network’s Top 50 North American M&A Lawyers, part of the Top 50 Americas Dealmakers List.
The Members Group, a Des Moines, Iowa-based payments processor, has added four client business executives, Mark Landry, Yvonne Stelpflug, Ryan Talley and Julie Willse, to its client development team.
Online payment voucher provider and member of the international Skrill Group paysafecard has appointed Berny Sagmeister vice president of new business.
Mooresville, N.C.-based SightSpan Inc., which advises organizations on risk-management and AML programs, announced that the company and CEO John Walsh were honored recently with a citation from the government of North Carolina.
SIMalliance, a London-based nonprofit trade association supporting the creation, deployment and management of secure mobile services and applications, has elected Hervé Pierre to serve a one-year term as the organization’s chairman of the board.
The board of directors of VendorSafe, a provider of cloud-managed IT security services, has named Kevin Watson CEO.
YapStone, a global provider of Web and mobile payment solutions, has been named to the Deloitte 2014 Technology Fast 500, an annual ranking of the 500 fastest-growing North American companies in the technology, media, telecommunications, life sciences and clean technology sectors.
In a new study, the Federal Reserve Bank of Kansas City is providing some much-needed data to the long-standing debate over whether prepaid cards should be permitted to offer an overdraft feature.
Virtual Piggy Inc. has unveiled a new prepaid card targeted for use by teens, who can use the card to shop at brick-and-mortar stores within limits set and managed by their parents.
Payment card issuers looking to use Visa Inc.’s tokenization service will be able to do so with no fee until at least the end of 2015—and maybe further, according to the payment network’s CEO.
The CFPB expanded its budget, number of employees and its complaint volume in fiscal year 2014, according to its annual report.
India’s Bombay Stock Exchange has ramped up its network application and monitoring speeds and opened a new investor service centre in New Delhi, as it seeks to attract latency-sensitive traders.
FIX Trading Community has combined all its high performance trading and market data initiatives into a single working group, emphasising the importance that high performance has in the FIX family of standards. The next generation of the FIX Protocol will fully support high performance on all levels (application, presentation, session) to offer an open standard that can replace today’s proprietary interfaces for high performance trading and market data.
At a gala event in London last night, industry luminaries gathered for an evening of entertainment and excitement as the winners of the 2014 Banking Technology Awards and Readers’ Choice Awards were announced.
Lost among last week’s excitement of the issuance of the long-awaited NPRM on prepaid was another CFPB publication that’s a must read—“Study of Prepaid Account Agreements.”
Simultaneously with the release of its 870-page prepaid account proposal last week, the CFPB issued a “Study of Prepaid Account Agreements.”
Prepaid industry leaders, which included representatives from InComm, Blackhawk Network and Green Dot, met with members of the U.S. Senate Special Committee on Aging during a hearing yesterday to outline how they’re working to prevent fraudsters from using prepaid debit cards to swindle consumers, particularly phone scams perpetrated against the elderly.
Apple Pay has generated significant buzz since it launched on Oct. 21—and more than 1 million credit cards were registered in the payment app within 72 hours—but Leon Majors, president of the payments practice at Phoenix Marketing International, presented research in Chicago last week at BAI Retail Delivery 2014 that suggests Apple may have some of the same difficulties that have plagued other mobile wallets, including low acceptance.
With active payroll cards and load amounts on the rise in the U.S., Paybefore-award winning ALINE Card by ADP has added a feature that could prove popular with service industries where employees receive tips as part of their pay.
Market participants are worried about data and are deeply concerned about their ability to monitor transactions following a string of major fines to global financial institutions, according to a new report by NICE Actimize.
As Europe and the US seek to reform the non-equity asset classes under the MiFID II, EMIR and Dodd Frank regulations, significant challenges remain to ensure harmonisation and transparency for investors.
A bug-eyed puppet in the shape of a POS device might be just what Softcard needs to get consumers thinking about tapping their phones more often to pay at the POS.
