The UK's Payment Strategy Forum has delivered a blueprint for the future of the nation's payment system, setting out design and implementation approaches for the construction of a new 'National Payments Architecture'.
Cards have overtaken cash as the primary method for consumer payments in Australia, according to data released by the country's central bank.
Visa has made a strategic investment in Marqeta as part of a wider multi-year global partnership with the open API card issuing and processing platform.
Italy's UniCredit says personal financial data of some 400,000 customers who took out loans through the bank have been hijacked by unauthorised third parties.
China's Ant Financial is making a move on the Malaysian market, forming a mobile wallet joint venture with a subsidiary of local bank CIMB.
European payments processor Worldline is to make its second acquisition in as many weeks, taking over 100% of the share capital of First Data Baltics for EUR73 million in cash.
The European Commission is planning a crackdown on the high costs associated with cross-border currency transfers in and out of the euro.
UniCredit is preparing for the roll out of instant payment services to customers in Italy and Germany as it commences testing of EBA Clearing's RT1 real-time platform.
An American company is inviting employees to get RFID chips that can be used to buy food in the office break room implanted in their hands.
In a bid to encourage tardy students to pay their tuition fees on time, Dutch institution Groningen University is set to start sending payments requests over ABN Amro's Tikkie app.
© Finextra Research 2017