News from the IoT World

In a significant legal move, Google has filed a lawsuit against the Consumer Financial Protection Bureau (CFPB), challenging the agency’s decision to supervise Google Pay. Google challenges supervision of Google Pay The case, filed in the US District Court in Washington, DC, raises questions about the scope of the CFPB’s regulatory authority over nonbank financial […]

Digital payments in Hungary have just become easier, cheaper and faster with the ‘qvik’ instant payment service, which was launched by the central bank in September 2024. Hungarian instant payments with qvik Consumers are now able to pay via QR codes, near-field communication (NFC) technology, mobile app links and payment request approvals for online payments

When digital merchants are planning their future investments, few of them will look back to the mid-20th century for inspiration. But, when it comes to their payment capabilities, a new white paper from local payment specialist Boku suggests they should read up on the work of Buckminster Fuller – a mid-century American architect-come-futurist who invented

The fintech sector continues to evolve, with 2024 shaping up as a pivotal year marked by shifting investment dynamics, regulatory pressures and burgeoning innovation. Insights from the State of Fintech Investment 2024 report provide a roadmap for understanding the sector’s trajectory as it navigates economic challenges and technological advancements. Navigating the Valuation Reset The “Great

Across Europe, numerous financial institutions are embracing Software-as-a-Service (SaaS) solutions as essential tools for achieving cost savings, efficiency and scalability. Whether in France, the UK, Spain or Germany, banks and financial service providers are looking to SaaS as a future-proof way to handle growing pressure arising from various factors including operational cost increases, the growing

Mastercard has reached an agreement in principle to settle a £200 million legal claim brought on behalf of 46 million UK consumers over allegations of unfairly high card transaction interchange fees. Mastercard agrees UK interchange fees settlement The settlement marks a pivotal moment in the UK’s competition law landscape and a significant milestone for collective

The traditional Black Friday weekend is rapidly being replaced by ‘Black November,’ as retailers embrace month-long discount strategies to cater to changing consumer habits. Black November – month-long sales event This shift in consumer behaviour is redefining the retail calendar, offering extended opportunities to capture consumer attention and increase revenue. Insights from Visualsoft’s data highlight

Bitcoin has shattered the $100,000 mark for the first time, riding a wave of investor optimism fuelled by anticipated regulatory and political support under the leadership of US President-elect Donald Trump. Bitcoin surges past $100,000 This milestone highlights the cryptocurrency’s dramatic resurgence after years of turbulence and signals a potential new era of mainstream acceptance

The Centre for Finance, Innovation and Technology (CFIT) is spearheading a transformative initiative to combat economic crime and enhance financial security across the United Kingdom. Combatting economic crime with digital ID With support from over 70 organisations, including prominent financial institutions and regulators, CFIT is developing a digital company ID that promises to streamline business

The European Central Bank (ECB) has released its second progress report on the development of a digital euro, exploring the potential for issuing a central bank digital currency (CBDC) for the euro area. The report highlights significant strides made in establishing the digital euro’s foundational framework, signalling its role as a potential game-changer in the