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The landscape of instant payments in the US is evolving rapidly, driven by the dual forces of the Real-Time Payments (RTP) network and the Federal Reserve’s FedNow service. Getting up to speed with US instant payments Despite the complexity of the US banking ecosystem – comprising a vast network of regional, national and international financial […]

The US banking sector is on the verge of a major shift as Bank of America (BofA) CEO Brian Moynihan revealed that the institution is poised to enter the stablecoin market – contingent on favourable legislation from Congress. Bank of America planning stablecoin launch Moynihan’s remarks come amid growing political momentum in Washington to establish

As we know, the payments and fintech landscape is set for another transformative year, with rapid technological advancements, regulatory shifts and changing consumer expectations shaping the future of retail banking. 7 fintech and payments trends A new report highlights seven key payments trends that will significantly impact financial institutions, requiring proactive adaptation to stay ahead

The digital wallet landscape is undergoing a profound transformation, evolving far beyond its initial role as a tool for electronic payments. As technology, regulation and consumer expectations shift, digital wallets are emerging as comprehensive financial platforms that integrate payments, identity verification and asset management. The Mobey Forum’s latest report, Beyond Payments: Navigating the Next Generation

Visa says that Tap to Phone – a technology that turns a smartphone into a point-of-sale (POS) device – has experienced a 200% increase globally over the past year, supporting millions of sellers of all sizes worldwide. Tap to Phone adoption grows 320% In the UK, Tap to Phone adoption is even higher, at a

In 2012, Pew Research conducted a study to determine consumers’ perceptions of the use of mobile devices for online money transfers and other monetary transactions, including in-store and online purchases. The rise of online money transfers 65% of the respondents agreed that by 2020, most people would have embraced and fully adopted the use of

The European Central Bank (ECB) has published its latest report on non-cash payments for H1 2024, offering an incisive examination of evolving payment behaviours within the euro area. The findings underscore a continued trajectory towards digitalisation, marked by increased reliance on card payments, the proliferation of contactless transactions and a decline in cash-dependent financial activities.

Entrust has announced the launch of the NFC Issuer Wallet Solution for iOS, allowing European financial institutions to build their own wallet within their banking app, in addition to deploying the Apple Pay Wallet. NFC Issuer wallet on iOS “Mobile NFC payment, or tap-to-pay, is a preferred payment method for a lot of consumers,” explained Nicolas

Central Bank Digital Currencies (CBDCs) have emerged as a subject of both intense scrutiny and substantive economic promise. CBDC: Economic justification While concerns regarding privacy infringement, governmental overreach and financial autonomy persist, the potential economic gains that CBDCs could facilitate render them a compelling policy instrument. Designed with appropriate safeguards, these digital currencies can fortify

Last year, Apple announced that any third-party wallet can now build on Apple’s Near Field Communication (NFC) and Secure Element (SE) architecture. Apple opens up NFC As my good friend and respected commentator Tom Noyes immediately pointed out, this is no “spur of the moment announcement”. Apple must have been working on this for some