19 December 2014

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With the price of bitcoin continuing to crater, Silicon Valley-based crypto-mining outfit Peernova has raised $8.6 million in funding to refocus its business on blockchain-based enterprise products.

The UK's Payments Council has committed to explore options for incorporating richer data sets alongside business and consumer electronic payment transactions.

British consumers are increasingly prepared to switch banks to access mobile payments, as anticipation for new ways to pay builds, according to new research from mobile payments company Zapp.

US community banks are calling for a crackdown on merchant security protocols after reissuing nearly 7.5 million credit and debit cards at a total cost of more than $90 million as a result of the Home Depot data breach.

Royal Bank of Canada has implemented Host Card Emulation for its mobile banking app, enabling customers to pay with most Android mobile phones without worrying about being on the right mobile network or having the right SIM card.

EU building, Brussels

EU agrees interchange reforms

18 December 2014  |  12

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.

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