02 July 2015

All cards news

UK payments regulator calls for 'pipes and wires' innovation

29 June 2015  | 6 comments | 25 tweets | 17 linkedin

The managing director of Britain's new Payments Systems Regulator has bemoaned a lack of innovation in the back-end infrastructure of payments, and warned that she will step in if industry does not up its game.

Western Union is to suspend its money transfer operations in Greece as the crisis-wracked country reels from an overnight Government decision to shut all banks and the stock market for six business days and impose restrictions on cash machine withdrawals.

Barclays takes on Apple with wearable payments

29 June 2015  | 1 comments | 38 tweets | 32 linkedin

Barclaycard is rolling out three new wearable payments devices - a wristband, fob and sticker - that can be used to make ‘touch and go’ contactless payments across the UK.

$55m ATM heist suspect extradited to US

26 June 2015  | 0 comments | 3 linkedin

A Turkish man accused of masterminding a series of ATM cyberheists that netted his gang $55 million, has been extradited to the US.

One hundred startups in 100 days: the Visa Europe Collab story

24 June 2015  | 1 comments | 14 tweets | 13 linkedin

Visa Europe's investment in the booming fintech startup scene is beginning to take shape, with the card scheme claiming to have established relationships with 100 entrepreneurs with fresh ideas for transforming payments in its first 100 days.

The Indian Government has put forward proposals to reduce the tax burden on electronic payments in an effort to reduce the use of cash and bring more people into the formal economy.

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