The European Payments Council has confirmed a November 2017 launch date for a pan-European instant credit transfer scheme that will bring real-time money transfers across the Single Euro Payments Area (Sepa).
MasterCard is adding artificial intelligence as a core component to its network in an effort to provide better risk scoring across all transactions and cut the number of false declines.
BNP Paribas is participating in a EUR1.3 million funding round for PayCar, a fintech startup for purchasing second-hand cars that emerged from the French bank's accelerator and incubation unit L'Atelier.
Vegetarians and vegans are up in arms after the Bank of England confirmed that its new plastic £5 note contains traces of animal fat.
Blackmailers are threatening to release the account details of a Liechtenstein-based bank's customers unless the victims pay a ransom of a percentage of their savings in Bitcoin, according to media reports.
Undeterred by the departure of some its top banking members, blockchain consortium R3 continues to press ahead with new initiatives, partnering with Calypso Technology to develop a multi-party trade confirmation system running on the Corda distributed ledger-based smart contract platform
The Royal Mint, a 1000-year-old institution owned by HM Treasury, is partnering with CME Group to create a digital gold product that will be stored and recorded on a blockchain.
Giving Brits greater control over how they manage their day-to-day finances and taking on fraud are at the centre of a new regulator-backed strategy that promises to make payments fit for the 21st century.
Australian banks are set to lose their bitter struggle to win collective bargaining rights over NFC access to iPhones as the country's anti-trust regulator issues a draft determination in favour of Apple.
ING is to discontinue its P2P mobile payments app Twyp in the Netherlands after it failed to gain traction with customers.
© Finextra Research 2016