NFC World

As part of the design phase for a digital pound, the Bank of England (the Bank) is conducting experiments and proofs of concept (PoC) in collaboration with private-sector innovators and a range of stakeholders. Digital pound at POS – no new infrastructure These aim to assess the technical feasibility and technology and policy implications of […]

Billions worth of currency travels around the world every second. And many of those billions come from individuals — not just from the trading of stocks from brokers in capital cities or businesses sending funds over country lines. While remittances are a lifeline for millions of migrant workers and their families, Visa’s annual “Money Travels:

Following hot on the footsteps of Credit Agricole and Worldline, BNP Paribas and BPCE have negotiated a major new step for the French payments market by jointly acquiring new technology for processing payments for card holders and merchants. The processor will handle all card payments from BNP Paribas and Groupe BPCE in Europe, accounting for

According to new LexisNexis Risk Solutions data, there are almost 3 million synthetic identities, known as Frankenstein identities, in circulation in the UK, preparing to strike. Synthetic identities pose billion-pound fraud threat Synthetic identities exploit stolen and faked personal information to spoof credit checks and commit high-value fraud against banks and credit providers. According to

Eastnets is launching an Instant Payments Access as a Service for SEPA Credit Transfers Instant (SCT Inst) as part of its long-standing, global SWIFT service bureau offering. SEPA Instant Payments Access-as-a-Service The service, hosted in partner data centres located in Luxembourg, complies with the SWIFT Shared Infrastructure Programme and the European regulations for the financial sector.

A new white paper from local payment specialists, Boku adds to an emerging consensus that, across the world, consumers are beginning to turn their backs on card-based payments and card-linked wallets. As outlined in the paper, “What 19th century economic thinking can teach us about 21st century payments – and how e-commerce players ought to

Interchange fee litigation in the UK is nothing new: the Courts have seen cases brought by individual merchants, and a collective consumer action, against Mastercard and Visa. Collective interchange fee claims to proceed What is new is that – subject to revised publicity notices – Collective Merchant proceedings are now clear to proceed. Mastercard and Visa now face claims in the UK on

Across every industry, generative artificial intelligence (GenAI) has burst into the spotlight, catapulting the potential for AI solutions to new heights. According to recent market reports, 92% of Fortune 100 companies are actively using OpenAI’s generative AI technology and 84% believe AI will have a significant impact on their operations in the short term –

Reports coming out of Germany suggest that the German banks have lost patience with Giropay and its holding company Paydirekt GmbH. If the shareholders of Giropay are currently voting on the future of the payment system, the end is likely to be near. This is suggested by the fact that Giropay has recently continued to

Mastercard says it has a vision for 100% e-commerce tokenization in Europe by the end of the decade. This supports a global commitment to phase out manual card entry and make e-commerce safer and more accessible for everyone. As payments become more intricate, Mastercard, alongside Visa which announced its 10 billionth token issued last week,