News from the IoT World

EU antitrust regulators are scrutinising Visa and Mastercard’s Scheme Fee structures as they investigate whether these charges pose an undue burden on European retailers. EC opens new Scheme Fee investigation With a detailed set of questionnaires distributed to retailers and payment service providers, the European Commission’s goal is to assess if the fees imposed by […]

Ingenico and Crypto.com have announced a significant partnership aimed at expanding the global use of cryptocurrency in retail payments. Ingenico and Crypto.com partner This collaboration introduces a crypto payment solution designed for millions of Ingenico merchants, integrating cryptocurrency payments into their systems without any currency risk. Through Ingenico’s AXIUM Android terminals, merchants can now accept

UBS has made significant strides in transforming cross-border payments through its latest innovation, UBS Digital Cash. This blockchain-based payment solution aims to increase efficiency, transparency, and the programmability of corporate and institutional financial transactions. In a successful pilot program, UBS tested the solution across various currencies and locations, targeting improvements in payment processing speed and

Visa has announced new collaborations with QR payment providers across the Asia Pacific region, marking a significant move toward enhancing integrated, cross-border digital payments. Visa integrates network of QR providers Through these partnerships, Visa will enable consumers to use their digital wallets for QR-based transactions when traveling abroad. This pilot program will begin in Singapore,

A new study from FIS outlines why instant payments will herald a second revolution in digital finance. In the report, FIS explain how banks can best modernise their payment systems to cope with huge increases in transaction volumes, new products and growing regulation… In a recent article, we explained how adopting a step-by-step approach to digital

Spending rashly to cheer ourselves up is nothing new but it’s recently escalated among millennials and Gen Zs. As negative political and economic news escalates on both sides of the Pond, Doom Spending is on the rise among UK and US consumers in particular. Doom Spending – A reckless spiral Many people on both sides

A lot has been happening in the realm of Buy Now Pay Later (BNPL) and depending who you ask, latest developments are either sure fire affirmation or total disaster. Those that are Pro say that the shopping phenomenon is here to stay, putting down roots and settling nicely into its upwardly mobile family of lending

Swift, UBS Asset Management, and Chainlink have successfully completed a pilot for settling tokenized fund subscriptions and redemptions using the Swift network. Successful pilot to bridge tokenized assets Project Guardian, demonstrates how financial institutions can leverage existing Swift infrastructure to facilitate off-chain cash settlements for tokenized funds. This initiative enables digital assets transactions to settle

The era of quantum computing is rapidly approaching, and its impact on the payments industry is poised to be transformative. Protecting payments in the quantum computing era As quantum technology advances, it offers unparalleled computational power, introducing new efficiencies in data processing, fraud detection, and cross-border transactions. However, this technological leap also presents significant cybersecurity

A new report from Ecommpay and IMRG, has revealed the key e-commerce checkout changes that could boost conversion rates. While the average conversion rate stands at 58%, there is a significant distance between rates for single-page (61%) and multi-page checkouts (56%) as well as between guest shoppers (52%) and registered customers (64%). With 59% of