NFC World

The UK employment rate stood at 75% in November 2023 to January 2024, while the unemployment rate was estimated at 3.9% for the same period. This is what job hunting is like for UK workers right now That out-of-work figure is a little higher than predicted, according to the Office of National Statistics in its […]

Kearney has released the sixteenth edition of its annual European Retail Banking Radar, which tracks the performance of close to 90 retail banks across 21 European markets. The study found that higher interest rates fuelled a record year for retail banks. However, it also warned that banks should be leveraging their current financial position to

For decades now, vendors and analysts have been heralding the death of legacy payments ecosystems, but still, they remain in use. Modernising your legacy payments ecosystem Over the past 20 years, FIs have been threatened with obsolescence and plummeting market share for failing to embrace the power and flexibility of modern technology platforms with their

New research from Lloyds Bank highlights the importance of UK businesses investing in new payment technology. Two-thirds (59%) of UK Retail, Food & Beverage (F&B) and Hospitality companies were found to already put payments at the heart of their customer experience strategy, reflecting the growing importance of payment options to customers. For retail-focused businesses, 59%

In mid-February of this year Payments Cards & Mobile reported on a major bust up between Hindenburg Research, a prominent investor in Temenos. Temenos hits back at Hindenburg Report At the time, Temenos hit out at Hindenburg Research’s claims that there are “major accounting irregularities, failed products and an illusive turnaround” at the firm, but

Giesecke+Devrient (G+D) and Banque Centrale de Mauritanie have signed an agreement during the Spring Meetings of the International Monetary Fund and the World Bank Group to jointly explore the development of a CBDC of the national currency Ouguiya. Central Bank of Mauritania commissions G+D for CBDC The aim is to further advance the digital transformation

Boku has released a global research report entitled 2024 Global E-commerce Report: The Changing World of Payments. The report reveals the increasing preference for local payment methods and the continued decline in the market share of traditional card payments. The report surveyed 10,500 consumers and analysed data from 37 major markets across the globe to identify global,

Synthetic identity fraud is most commonly associated with fraud in banking or against credit unions but is often mistakenly overlooked in digital commerce. Increasing sophistication of synthetic identity fraud With fraudsters becoming more clever about how they use synthetic identities, it’s a tactic that fraud fighters need to watch out for and guard against –

In January of this year Payments Cards & Mobile brought you the breaking news that the EU regulator was aggressively pursuing Apple, and in particular, singled out its restricted access to the Apple Pay NFC chip for payments. EU regulator to approve Apple Pay 3rd party access Under intense pressure from the EU regulator and

UK Finance, in association with law firm Addleshaw Goddard, has published a report on the use of model clauses to support the development of the Variable Recurring Payments (VRPs) for commercial applications in the UK. Facilitating commercial Variable Recurring Payments VRPs are a form of payments instruction that allows customers to authorise registered payment service