18 December 2014

All retail banking news

EU building, Brussels

EU agrees interchange reforms

56 minutes ago  |  1

The fees that banks charge retailers to process shoppers’ payments should be capped under uniform rules across the EU following a deal struck by Economic and Monetary Affairs Committee and EU Council negotiators.

Apple claims that banks representing up to 90% of credit purchase volume in the US are now signed up to its Apple Pay product.

credit card chip

Toronto subway gets card payment option

17 December 2014  |  0

From next month, Toronto's commuters will finally be able to pay for subway journeys with their debit and credit cards, although contactless payments on the city's antiquated public transport network are still some way off.

MBNA is to be the UK’s first card issuer to offer a MasterPass powered digital wallet to its customers for online shopping.

barclays contactless gloves

Barclaycard to trial contactless gloves

16 December 2014  |  2

Barclaycard has taken an innovative approach to the wearable payments market with the trial of 'tap and pay' woollen gloves that allow people to pay contactlessly for their Christmas shopping.

Founded by self-proclaimed bitcoin enthusiast, Darwin Ramon, the startup, YesToBitcoins.com now allows users to settle payments on all Canadian credit cards.

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