Worldpay is conducting extended trials of a software-based mobile points of sale system which helps cash-only mobile and micro retailers to accept card and phone payments on their NFC devices.
The number of purchases using debit and credit cards has more than doubled in the past 10 years, as contactless payments and online retail have driven a change in the way consumers pay, a new report from The UK Cards Association shows.
The UK's banks will have to change one million customer sort codes under new ring-fencing rules set to be introduced in 2019.
The transformation of mobile account provider Monese into a full-service bank has moved a step closer with the introduction of direct debits and Faster Payments.
American International Group, IBM and Standard Chartered Bank have converted a multinational, controlled master policy written in the UK, and three local policies in the US, Singapore and Kenya, into a 'smart contract' that provides a shared view of policy data and documentation in real-time.
European police have dismantled an international criminal network of payment card fraudsters, arresting 31 suspects accused of stealing EUR500,000 from approximately 3000 citizens.
The man who invented an early form of text messaging for fixed line networks while working at BT believes that in the future people will use words and gestures to pay for transactions, ditching payment cards altogether.
Interbank co-operative Swift is to launch an instant payment gateway to connect member banks to multiple market operators across Europe.
Welcome to Finextra's live coverage of the Swift Business Forum in New York. This event will focus on the key issues affecting the financial industry, including banking, payments, and securities. Cyber security will also be a hot topic, in light of the announcement of Swift's Customer Security Programme.
Payments processor EastNets is to apply machine learning technology to detect fraudulent payments transactions passing over the Swift network.
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