Mobile tap-and-pay spending is accelerating on the high street, spurred by the growing popularity of contactless payments at the point-of-sale, according to new data from Worldpay.
Walter Merricks, the man spearheading a £14 billion class action lawsuit against Mastercard for overcharging customers, has lodged an appeal against a tribunal's decision to dismiss the claim.
The numbers of people using cash to pay for everyday purchases in the UK declined by 11% over the past year as growth in contactless card use accelerated.
Barclays has appointed Citi digital payments exec Barry Rodrigues chief executive officer of its Barclaycard International unit.
The European Commission has taken another step in its long-running tussle with Visa over interchange fees, turning its attention to the fees merchants in the EU must pay on transactions involving cards issued outside of the region.
Shares in payments upstart Square have surged after the company pushed revenues above expectations on the basis of more sales to larger retailers.
NatWest is celebrating the 50th anniversary of its first ATM by doling out £171 to randomly selected customers, the cash equivalent of what £10 would have been worth back in 1967.
With the tenth anniversary of the introduction of contactless cards in the UK fast approaching, Barclaycard is forecasting that tap and pay spending will soar by more than 300% over the next four years as seven-in-ten Brits begin to use the technology more frequently for everyday purchases.
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.
© Finextra Research 2017