The importance of an EMV-compliant infrastructure to stem losses from card fraud has been demonstrated by new figures from The Nilson Report, which show that the US accounted for 48.2% or $7.86 billion of gross losses worldwide on plastic cards last year while generating only 21.4% or $6.187 trillion of total volume.
Samsung is to equip its television sets with a new way for viewers to pay for goods and services from the comfort of their armchair.
As industry experts debate the future of the bank branch, RBS is shutting the doors on one site in Leicester city centre because it has a measly 17 customers.
In a bad day in court for the card firms, a federal appeals court has revived ATM access fee litigation against Visa and MasterCard, while in a separate case a judge has rejected American Express's interchange fee class action settlement.
The Open University has teamed up with UK fintech trade body Innovate Finance to launch the world's first introductory course to financial technology.
The Australian Senate says that digital currency transactions should be treated in the same way as fiat for the purposes of taxation, overturning a previous judgement from the country's Taxation Office that labelled bitcoin holdings as 'intangible assets'.
Israel's Bank Leumi is looking to save millions of dollars a year in IT maintenance costs by overhauling and replacing its legacy core banking system with new kit from Swiss vendor Temenos.
Innovations in Big Data analytics, payments, risk management, security, and P2P lending are to the fore among the ten startups selected to participate in the inaugural DBS Accelerator programme in Hong Kong.
M&S Bank cancelled the credit card, direct debits and standing orders of a customer after mistakenly marking her dead.
Pizza Express is facing a series of demonstrations outside its restaurants by wait staff angry that the firm skims eight per cent of tips paid by card.
© Finextra Research 2015