21 July 2017
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Latest payments news

Consumer uptake of fintech services surges - EY

Consumer uptake of fintech services surges - EY

26 June 2017  |  7413 views  |  1 comments | 17 tweets | 19 linkedin

Consumer uptake of innovative fintech products is set to be embraced by the mainstream as adoption levels surge among digitally-savvy consumers, according to a study by Ernst & Young.

European savings and co-operative banks join screen-scraping row

European savings and co-operative banks join screen-scraping row

26 June 2017  |  7931 views  |  1 comments | 11 tweets | 11 linkedin

Trade groups representing over 5000 European savings and co-operative banks have called on the European Banking Authority to reject Commission amendments to the revised Payment Services Directive which would require banks to provide a fall-back interface to screen-scraping technology for third party access to consumer bank data.

Mastercard eyes opportunities to profit from sharing economy

Mastercard eyes opportunities to profit from sharing economy

26 June 2017  |  13038 views  |  0 comments | 9 tweets | 6 linkedin

Seeking to profit from a booming sharing economy, Mastercard has identified trust, experience and regulation as vital to unlocking the potential of the new commerce models that are emerging.

ABN Amro tests wearable tech for contactless payments

ABN Amro tests wearable tech for contactless payments

23 June 2017  |  11219 views  |  0 comments | 11 tweets | 10 linkedin

ABN Amro is undertaking tests of wearable technology to make contactless payments, with the aim of rolling out its first card-free tap-and-pay product to customers by the end of the year.

In-app payment messaging startup PayKey raises $6 million

In-app payment messaging startup PayKey raises $6 million

23 June 2017  |  8118 views  |  0 comments | 11 tweets | 4 linkedin

Fresh from a stint at the Fintech Pavillion at this year's EBAday in Dublin, social payments startup PayKey reports that it has secured more than half of its second- round funding target of $10 million.

ECB preps eurozone-wide instant payments service

ECB preps eurozone-wide instant payments service

22 June 2017  |  10376 views  |  0 comments | 20 tweets | 38 linkedin

The European Central Bank has outlined plans to build an instant payment settlement system that will let people and businesses send money anywhere in the euro area within seconds.

Danish m-payments scheme adds lock-screen payments and Touch ID

Danish m-payments scheme adds lock-screen payments and Touch ID

22 June 2017  |  6081 views  |  0 comments

Users of the Dankort app and mobile wallets from more than 60 Danish banks can now tap-and-go for low value payments with their phones.

Asia still top dog for payments innovation but Europe gaining ground

Asia still top dog for payments innovation but Europe gaining ground

22 June 2017  |  8529 views  |  0 comments | 10 tweets | 9 linkedin

Asia remains home to most payments innovation but Europe is making a charge, leapfrogging Africa, North America and Latin America, according to a survey of industry execs which also calls out distributed ledger technology as over-hyped.

EBA Clearing preps revamp of Euro1 high-value payment system

EBA Clearing preps revamp of Euro1 high-value payment system

21 June 2017  |  6793 views  |  0 comments | 4 tweets | 5 linkedin

With its new real-time payment platform set to go live in the next few months, EBA Clearing is turning its attention to Euro1, kicking off an investigation into how the flagship single euro payment system should be positioned in the rapidly-evolving landscape.

Visa launches $100,000 fintech challenge for Middle East and North Africa

Visa launches $100,000 fintech challenge for Middle East and North Africa

21 June 2017  |  5493 views  |  0 comments | 8 tweets | 2 linkedin

Visa has announced that its Everywhere Initiative, an innovation program designed to encourage the development of the “next big thing” in payments, will expand into the Middle East and North Africa (MENA) region.

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