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Stripe gives up support for bitcoin

/E-commerce

Stripe gives up support for bitcoin

Payment processor Stripe is pulling support for bitcoin payments, saying that crazy price fluctuations and higher fees render the cryptocurrency unusable as a form of payment.

ABN Amro pulls out of Payconiq mobile app coalition

/E-commerce

ABN Amro pulls out of Payconiq mobile app coalition

As it starts piloting in the Netherlands this week, mobile payments app Payconiq has lost the backing of one of its major bank partners, ABN Amro.

Mastercard makes European biometrics push for online payments

/E-commerce

Mastercard makes European biometrics push for online payments

From next April, online shoppers across Europe will be able to use biometrics, such as fingerprints or facial recognition, to identify themselves at the checkout when they pay with Mastercard.

Europe begins Open Banking era in subdued style

/E-commerce

Europe begins Open Banking era in subdued style

The EU's second Payment Services Directive (PSD2) took effect on Saturday 13 January, bringing with it the start of Open Banking, however the prospect of a sudden revolution is likely to be thwarted by unresolved technical and regulatory issues and a lukewarm reception from consumers.

Russia bids for blockchain success with latest banking launch

/E-commerce

Russia bids for blockchain success with latest banking launch

The largest commercial bank in Russia, Alfa Bank, is developing a new digital cash service where all transactions will be transmitted and cleared via the blockchain.

Kodak announces blockchain plan, share price soars

/E-commerce

Kodak announces blockchain plan, share price soars

Photo firm Kodak has announced plans to develop its own cryptocurrency, KodakCoin, which it says will help photographers to control their image rights via a distributed ledger.

Google puts its brand behind payments

/E-commerce

Google puts its brand behind payments

Google is merging its disparate payment programmes, including Android Pay and Google Wallet, into a single brand dubbed Google Pay

See, hear, feel: Visa rolls out 'sensory branding'

/E-commerce

See, hear, feel: Visa rolls out 'sensory branding'

In an ever-expanding universe of connected, payments-enabled devices, Visa is looking to reassure consumers (and promote itself) with a "sensory branding" programme that will use sound, animation and haptic cues to signify completed transactions.

Visa claims UK interchange victory

/E-commerce

Visa claims UK interchange victory

Visa is looking to play nice with UK retailers after scoring a High Court victory in a long-running battle over interchange fees.

Norway's banks look to merge payment services

/E-commerce

Norway's banks look to merge payment services

A group of Norwegian banks are preparing to merge their payments systems in an effort to protect themselves from an expected challenge from Silicon Valley.

Barclays warns of unprecedented online fraud this Christmas

/E-commerce

Barclays warns of unprecedented online fraud this Christmas

You better watch out, you better not cry, you better not pout, I'm telling you why - cyber criminals are coming to town this Christmas, according to UK high street bank Barclays.

Amazon Cash comes to Canada

/E-commerce

Amazon Cash comes to Canada

Canadians can now top up their Amazon accounts by handing over cash or debit cards at their local post offices.

Visa rolls out real-time payments platform in Europe

/E-commerce

Visa rolls out real-time payments platform in Europe

Visa is to bring its real-time payments platform to market in Europe after experiencing strong growth in other key markets globally.

Forget fintechs, banks need to worry about Alibaba and Amazon

/E-commerce

Forget fintechs, banks need to worry about Alibaba and Amazon

Banks may have seen off the challenge from fintech startups but they now face the far bigger threat of platform giants such as Amazon and Alibaba eating into their margins, warns a new report from consultancy McKinsey.

Uber launches credit card

/E-commerce

Uber launches credit card

Ride-hailing app Uber is pushing further into the financial services sphere, teaming up with Barclaycard US to launch a rewards-heavy Visa credit card.

Former Westpac exec fights fraudsters with Da Vinci card

/E-commerce

Former Westpac exec fights fraudsters with Da Vinci card

A former senior security executive at Westpac has founded a firm that lets people put all of their cards on a single piece of plastic that generates one-time PINs for transactions.

Singapore and Thailand look to link e-payment schemes

/E-commerce

Singapore and Thailand look to link e-payment schemes

Thailand and Singapore have announced tentative plans to integrate their respective e-payment schemes in a bid to promote digital banking, according to a Bloomberg report.

Square invests $25m in event ticketing firm Eventbrite

/E-commerce

Square invests $25m in event ticketing firm Eventbrite

Square is strengthening its presence in online commerce through a deal with Eventbrite which will see Jack Dorsey's firm process payments for, and make a $25 million investment in, the event ticketing outfit.

Mastercard and Swarovski launch VR shopping app

/E-commerce

Mastercard and Swarovski launch VR shopping app

Mastercard has teamed up with crystal seller Swarovski on a virtual reality app that immerses shoppers in a "home" where they can browse and purchase items using Masterpass.

New EC rules could enable banks to increase their software spending

/E-commerce

New EC rules could enable banks to increase their software spending

European banks under siege from digital challengers and sophisticated cyber attackers could face some relief from a possible change in accounting rules that will enable them to spend more on new software.

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