20 April 2018
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Major card schemes are rallying around the the new EMVCo Secure Remote Commerce (SRC) framework in a bid to create a ubiquitous online shopping technology standard backed by token-only storage of payment details.

Financial inclusion is on the rise globally, accelerated by mobile phones and the internet, but gains have been uneven across countries and men remain more likely than women to have an account, according to a new World Bank report.

Many banks are not doing enough to verify the validity and accuracy of their data, leaving them vulnerable to false insights that could lead to bad decisions, according to Accenture.

Alipay has set its sights on China's public transport networks, vowing to bring its QR code-based mobile payments to around 50 new cities over the next year.

Chevy and Shell team on in-car fuel payments
Retail banking

Chevy and Shell team on in-car fuel payments

14 hours ago  | 2 comments | 4 tweets | 8 linkedin

Car manufacturer Chevrolet and oil giant Shell are rolling out a system that lets drivers pay for their gas through the touchscreen in their vehicle without using a card or mobile device.

Deutsche Bank IT overseer Hammonds departs
Retail banking

Deutsche Bank IT overseer Hammonds departs

16 hours ago  | 0 comments | 3 tweets | 1 linkedin

The reverberations from the ousting of Deutsche Bank chief John Cryan are sending aftershocks through the lender's top management, with chief operating officer Kim Hammonds the latest to take her leave from the German bank.

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Batavia, a blokchain-based trade finance platform developed by a consortium of international banks and IBM, has passed its first live pilot transactions with corporate clients.

Capital markets data analytics company Mosaic Smart Data is exploring the potential for applying machine-learning models developed and used by the European Space Agency to financial markets.

Swedish mPOS outfit iZettle has launched an e-commerce marketplace for small business owners to sell their wares online.

Two thirds of large banks have already deployed artificial intelligence and machine learning, according to a survey carried out by Tabb Group, yet the vast majority are still unaware of how to apply the technology to solve business problems.

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