frame_main_header_title
  Home / News frame_main_breadcrumb_about frame_main_breadcrumb_contact    
 
19 DECEMBER 2018
This is the site of Card & Payments World, the well respected international newsletter providing in depth information on mobile, card and online payments. Subscribe to access this daily news and resource site. Subscribers also receive 11 printed newsletters a year.

More than just a technology title. Read more

Banner
  Main story  
     
 
article thumbnail Tuesday, 18 December 2018

Cashless transactions now 45% of all Russia payments
Russians are finally relaxing their need for cash after decades of wanting the security of money under the mattress because of bank vulnerability to failure. Read more ...

 
     

Latest feature
     
 
SPECIAL REPORT: Chinese payment giants “light years ahead”

Customer loyalty chief tenet of model
Alipay acceptance at 7-Eleven
US$15.5 trillion in mobile payments in 2017

China has embraced mobile payments with such enthusiasm, the rest of the world appear to be technology deniers. Alipay and WeChat, the main protagonists, score in terms of technology, user friendliness, number of users and ubiquity. Their data analytics are central to everything they do.


Read more ...
 
     
 
Don't miss
     
 
 
     

 
 Latest news 
 
Month's news
 
   Most read  
 
     
 
article thumbnail Card & Payments World | News - Company newsWednesday, 12 December 2018

PerfectCard to streamline reconciliation by joining the circle
Employee reward company is Ireland’s first authorised eMoney institution
PerfectCard, the FinTech provider of employee reward and corporate expense solutions, has joined Banking Circle to streamline payment reconciliation. Read more ...

article thumbnail Card & Payments World | News - MobileWednesday, 12 December 2018

Ecobank, the Pan African Bank, appoints digital payment partner
The customers of Ecobank, the Pan-African Banking Group in 33 African countries, can now transact with over 170 million mobile wallets across the continent following the appointment of a digital payment partner. Read more ...

article thumbnail Card & Payments World | News - Financial ServicesTuesday, 11 December 2018

Most banks will be made irrelevant by 2030 - Gartner
Heritage firms heading for extinction
Within 12 years time, 80% of financial firms will either go out of business or be rendered irrelevant by new competition, changing customer behaviour and advancements in technology, according to forecasts by Gartner. Read more ...

article thumbnail Card & Payments World | News - MobileFriday, 07 December 2018

Shopping on mobiles now accounts for one quarter of spending
Continued e-commerce growth leaves British high street spending lowest in Europe
The UK now has the lowest proportion of high street spending in Europe – caused by the exponential growth in e-commerce shopping. Read more ...

article thumbnail Card & Payments World | News - MobileFriday, 07 December 2018

Tesco latest store to remove £30 limit on mobile transactions
Tesco is set to abolish the £30 limit on Apple Pay transactions in its stores. Read more ...

article thumbnail Card & Payments World | News - Financial ServicesFriday, 07 December 2018

Monzo reaches funding target in less than three hours
Criticism of use of overdraft facility to buy shares
Monzo proved the value of customer loyalty this month when it reached its crowdfunding target in less than three hours – by persuading customers to invest. Read more ...

article thumbnail Card & Payments World | News - MobileWednesday, 05 December 2018

Smartphone scan and pay deployed by giant electronics group
Europe’s largest consumer electronics retailer MediaMarktSaturn is deploying MishiPay’s mobile self-checkout solution in the world’s biggest electronics store in Hamburg.
Read more ...

article thumbnail Card & Payments World | News - MobileTuesday, 04 December 2018

Mobile accounts for 30% of cyber weekend sales
Smartphones driving conversions

The annual Cyber e-commerce sales event achieved US$7.9m in online sales, with a third of them made by mobile payments, according to new data from Adobe. Read more ...

article thumbnail Card & Payments World | News - Financial ServicesWednesday, 21 November 2018

Fintech M&A at record levels
Multiple challenges affecting all FS companies – but technology is the greatest

A new report from international law firm Reed Smith is showing FinTech M&A at record levels, brought about by a number of factors. Read more ...

article thumbnail Card & Payments World | News - FintechWednesday, 21 November 2018

China AI investment plummets
Technology shares everywhere are suffering a bit of a wobble currently, but the news that investment in China’s AI companies is plummeting has certainly focussed attention. Read more ...

article thumbnail Card & Payments World | News - PrepaidFriday, 16 November 2018

What do we think of the new Costa pay by cup?
Barclays bPay contactless in new unusual application - but does it tick the environmental box?

Costa is rolling out a re-useable coffee cup with a contactless chip in the bottom for payment. Read more ...

article thumbnail Card & Payments World | News - Financial ServicesFriday, 09 November 2018

Gartner says 80% of heritage companies will fail to survive
Traditional companies will struggle for relevance past 2030

We don’t want to depress you, but if you are working for what are now being called “heritage” firms, Gartner says you have an 80% change of going out of business by 2030. Read more ...

article thumbnail Card & Payments World | News - Loyalty/MarketingThursday, 08 November 2018

Mastercard enables payment with rewards worldwide
Questions raised on the effect for the loyalty business case

Mastercard has thrown the proverbial cat among the pigeons with its announcement this week that it would be enabling customers to pay with loyalty reward points at any merchant on its network, worldwide. Read more ...

Card & Payments World | News - MobileMonday, 05 November 2018

Carrefour Italia chooses mobile payments provider

Carrefour Italia’s iper -  market and express stores – payment by smartphone direct from a current account.   Read more ...

Card & Payments World | News - Company newsMonday, 05 November 2018

Commercial Bank of Ethiopia to modernise retail payments Read more ...

Card & Payments World | News - Company news
NCR steps into payments
Thursday, 25 October 2018

Card & Payments World | News - Financial Services
Fintech M&A at record levels
Wednesday, 21 November 2018

Card & Payments World | News - Fintech
China AI investment plummets
Wednesday, 21 November 2018

article thumbnail Card & Payments World | News - Company newsWednesday, 12 December 2018

PerfectCard to streamline reconciliation by joining the circle
Employee reward company is Ireland’s first authorised eMoney institution
PerfectCard, the FinTech provider of employee reward and corporate expense solutions, has joined Banking Circle to streamline payment reconciliation. Read more ...

article thumbnail Card & Payments World | News - MobileWednesday, 12 December 2018

Ecobank, the Pan African Bank, appoints digital payment partner
The customers of Ecobank, the Pan-African Banking Group in 33 African countries, can now transact with over 170 million mobile wallets across the continent following the appointment of a digital payment partner. Read more ...

article thumbnail Card & Payments World | News - Financial ServicesTuesday, 11 December 2018

Most banks will be made irrelevant by 2030 - Gartner
Heritage firms heading for extinction
Within 12 years time, 80% of financial firms will either go out of business or be rendered irrelevant by new competition, changing customer behaviour and advancements in technology, according to forecasts by Gartner. Read more ...

article thumbnail Card & Payments World | News - MobileFriday, 07 December 2018

Shopping on mobiles now accounts for one quarter of spending
Continued e-commerce growth leaves British high street spending lowest in Europe
The UK now has the lowest proportion of high street spending in Europe – caused by the exponential growth in e-commerce shopping. Read more ...

article thumbnail Card & Payments World | News - MobileFriday, 07 December 2018

Tesco latest store to remove £30 limit on mobile transactions
Tesco is set to abolish the £30 limit on Apple Pay transactions in its stores. Read more ...

article thumbnail Card & Payments World | News - Financial ServicesFriday, 07 December 2018

Monzo reaches funding target in less than three hours
Criticism of use of overdraft facility to buy shares
Monzo proved the value of customer loyalty this month when it reached its crowdfunding target in less than three hours – by persuading customers to invest. Read more ...

article thumbnail Card & Payments World | News - MobileWednesday, 05 December 2018

Smartphone scan and pay deployed by giant electronics group
Europe’s largest consumer electronics retailer MediaMarktSaturn is deploying MishiPay’s mobile self-checkout solution in the world’s biggest electronics store in Hamburg.
Read more ...

article thumbnail Card & Payments World | News - MobileTuesday, 04 December 2018

Mobile accounts for 30% of cyber weekend sales
Smartphones driving conversions

The annual Cyber e-commerce sales event achieved US$7.9m in online sales, with a third of them made by mobile payments, according to new data from Adobe. Read more ...

article thumbnail Card & Payments World | News - Financial ServicesWednesday, 21 November 2018

Fintech M&A at record levels
Multiple challenges affecting all FS companies – but technology is the greatest

A new report from international law firm Reed Smith is showing FinTech M&A at record levels, brought about by a number of factors. Read more ...

article thumbnail Card & Payments World | News - FintechWednesday, 21 November 2018

China AI investment plummets
Technology shares everywhere are suffering a bit of a wobble currently, but the news that investment in China’s AI companies is plummeting has certainly focussed attention. Read more ...

article thumbnail Card & Payments World | News - PrepaidFriday, 16 November 2018

What do we think of the new Costa pay by cup?
Barclays bPay contactless in new unusual application - but does it tick the environmental box?

Costa is rolling out a re-useable coffee cup with a contactless chip in the bottom for payment. Read more ...

article thumbnail Card & Payments World | News - Financial ServicesFriday, 09 November 2018

Gartner says 80% of heritage companies will fail to survive
Traditional companies will struggle for relevance past 2030

We don’t want to depress you, but if you are working for what are now being called “heritage” firms, Gartner says you have an 80% change of going out of business by 2030. Read more ...

article thumbnail Card & Payments World | News - Loyalty/MarketingThursday, 08 November 2018

Mastercard enables payment with rewards worldwide
Questions raised on the effect for the loyalty business case

Mastercard has thrown the proverbial cat among the pigeons with its announcement this week that it would be enabling customers to pay with loyalty reward points at any merchant on its network, worldwide. Read more ...

Card & Payments World | News - MobileMonday, 05 November 2018

Carrefour Italia chooses mobile payments provider

Carrefour Italia’s iper -  market and express stores – payment by smartphone direct from a current account.   Read more ...

Card & Payments World | News - Company newsMonday, 05 November 2018

Commercial Bank of Ethiopia to modernise retail payments Read more ...

article thumbnail Card & Payments World | News - Company newsMonday, 05 November 2018

Payment with currency conversion benefits

Travelling is stressful. From language barriers, to long lines at the airports, to converting money to the local currency only to lose an average of 8% - there are many frustrating pain points. Read more ...

article thumbnail Card & Payments World | News - MobileWednesday, 31 October 2018

2017 State of the Industry Report on Mobile Money
Report and infographic on global growth

A number of new trends in mobile money were established in 2017 – from the accelerated growth of bank-to-mobile interoperability, to the emergence of South Asia as the fastest growing region, and a raft of innovations designed to reach the most underserved.  Read more ...

article thumbnail Card & Payments World | News - Online paymentsWednesday, 31 October 2018

Almost all shoppers now buy online at some point
Free shipping more important than fast shipping

The extraordinary finding has emerged from a study by Pitney Bowes that 94% of all global consumers now shop online at some level. Read more ...

article thumbnail Card & Payments World | News - Online paymentsTuesday, 30 October 2018

Majority of consumers now buy goods from overseas merchants
Lack of payment choice harming long term loyalty
Domestic retailers are under increasing pressure, even if they have strong online presence, with 70% of UK consumers now buy goods from overseas merchants, compared to 53% four years ago, according to research by PPRO Group, e-payment specialists. Read more ...

article thumbnail Card & Payments World | News - Company newsTuesday, 30 October 2018

Xiamen Airlines selects Ingenico to optimise global online payments

Chinese carrier Xiamen Airlines has partnered with Ingenico to provide an online payments infrastructure for the company. Read more ...

article thumbnail Card & Payments World | News - Company newsMonday, 29 October 2018

Amazon chooses Amex for small business proposition
A deal made in loyalty heaven
If the retail industry aspires to be more Amazon, those in the payments business would dearly love to be more Amex. So the news that American Express has clinched the Amazon Small Business Card is a matchmakers dream.
This is what the marriage looks like in detail:
Read more ...

article thumbnail Card & Payments World | News - Card networksFriday, 26 October 2018

UnionPay remains the world’s largest card scheme
Market share again increases

UnionPay, the Chinese payment brand, has increased its share of the world market by another one percent, making it difficult to see how Visa and Mastercard will ever catch up again. Read more ...

article thumbnail Card & Payments World | News - Company newsThursday, 25 October 2018

NCR steps into payments
Deal to buy JetPay

NCR Corporation is normally associated with ATMs and car park payment. Now it is taking a step into the world of payments, with its US$184m purchase of JetPay, a provider of end-to-end payment processing and human capital management solutions. Read more ...

article thumbnail Card & Payments World | News - RegulationWednesday, 24 October 2018

Will consumers make use of Open Banking?
Survey finds lack of awareness a first major stumbling block
Nine months before the deadline for Open Banking, the vast majority of UK citizens who were questioned had no idea what it was. Read more ...

article thumbnail Card & Payments World | News - AcquiringWednesday, 17 October 2018

Contactless beating chip & PIN at the till
Worldpay soon to lose co-CEO
The popularity of contactless is growing to such an extent in the UK, that it is now used more often than chip & PIN. According to data from processor Worldpay, June analysis shows 51% of payment transactions were contactless, rising to 52% in July. This is the first time contactless has overtaken chip & PIN. Read more ...

article thumbnail Card & Payments World | News - Financial ServicesTuesday, 16 October 2018

Payments growth to continue – but not as we know it
Regulatory complexity causing problems for technology innovation
Digital payments are experiencing a boom, driven by developing markets, and this growth is expected to continue, according to the 2018 World Payments Report, but regulatory complexity is hampering innovation. Read more ...

article thumbnail Card & Payments World | News - Company newsFriday, 12 October 2018

Why the Hyperledger Ethereum deal is important
Major blockchains announce alliance

The coming together of Hyperledger and the Enterprise Ethereum Alliance (EEA) to enable them to become members of each other's projects is hugely important to the future of blockchain because it is about standards. Read more ...

article thumbnail Card & Payments World | News - AcquiringFriday, 12 October 2018

Retro cash deal raises eyebrows
Walmart, considered to be the world’s biggest retailer has teamed up with Paypal for a rather retro deal. Read more ...

Card & Payments World | News - Corporate cardsMonday, 08 October 2018

Brex raises US$125m Series C funding
Startup corporate credit fard provider plans rewards programme Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityFriday, 05 October 2018

Crypto currencies used to launder US$88.6m, says report
Criminals becoming "early adopters" of new technology
Various stages of cybercrime explained
A Wall Street Journal investigation has uncovered that $88.6 million in illicit funds have been transacted through 46 cryptocurrency exchanges. The WSJ reported that $9 million of the suspect funds went through crypto exchange ShapeShift. Read more ...

article thumbnail Card & Payments World | News - Company newsFriday, 05 October 2018

Stripe raises US$245 million for next step
Investment to be used for international expansion
Stripe, the startup whose seven lines of code enable online payments for millions of businesses, raised $245 million in an investment round led by Tiger Global Management. Read more ...

article thumbnail Card & Payments World | News - AcquiringThursday, 04 October 2018

Fave and Grab combine to grow
Fave and Grab, two of the leading online to offline (o2o) platforms in Southeast Asia, have announced a strategic partnership to accelerate growth for both platforms across the region. The partnership combines the strengths of Fave’s broad merchant network as well as its FaveDeals platform, with Grab’s large user base and growing ecosystem.  Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityWednesday, 03 October 2018

Tesco Bank suffers first FCA cyber-crime fine
Reputation damage to group inevitable

Tesco bank has been fined £16.4 million penalty for cyber hacking that occurred two years ago. This is the first cyber fine issued by the FCA in the UK. For Tesco, it is a massive hit for its reputation as a trusted retailer and will have implications for the whole organisation and even its loyalty programme membership. Read more ...

article thumbnail Card & Payments World | News - Financial ServicesMonday, 01 October 2018

GPS appoints card services and global strategy VP
Former allpay exec joins issuer processor
Read more ...

Card & Payments World | News - Customer InsightWednesday, 26 September 2018

Real-time payment system growth 'surges' worldwide
40 programmes now live Read more ...

article thumbnail Card & Payments World | News - Card networksWednesday, 19 September 2018

Visa at 60 – but Diners came first
"Fresno drop" leads to first widespread card fraud

Visa is celebrating its 60th birthday today, but it is worth remembering that this was not the start of the payment card story. Read more ...

article thumbnail Card & Payments World | News - InterchangeTuesday, 18 September 2018

Visa, Mastercard finally settle Walmart case for $6.2bn – 13 years on
Largest ever all-cash antitrust settlement ever
It was 2005 that a group of merchants, led by Wal-Mart, first went to court to argue that card payment fees were unfair. Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityTuesday, 18 September 2018

Finally a bank prepared to prove their own identity
Barclays commitment to beating scammers
Well done for Barclays for being the first bank taking responsibility for proving their identity.  Read more ...

article thumbnail Card & Payments World | News - Company newsFriday, 14 September 2018

Patent claims could cost UK payments industry millions
Patents cover entire architrecture and operating system and are device agnostic

An entrepreneur who filed patents ten years ago covering EPOS with screens has begun action to determine his ownership of this intellectual property. If he is successful, the UK card payments industry could face claims for many millions of pounds. Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityWednesday, 12 September 2018

Report into Equifax breach highlights key areas of concern
145.5 million US and 15.2 million UK records were compromised - official
Failures in detection, segmentation and data governance have all been blamed for the massive 2017 Equifax breach. Read more ...

article thumbnail Card & Payments World | News - InterchangeTuesday, 11 September 2018

Cost of card acceptance leaps by 39%
BRC calls on UK government and regulator to step in
Cash use fell a further 1% last year and now accounts for just 22% of purchases
The British Retail Consortium says its members are suffering from the trend towards card payments and away from cash. Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityFriday, 07 September 2018

Lloyds glitch shows up faults in disaster recovery
Lack of customer communication with social media lethargy hampers response
New report highlights poor communication amongst banks
Can lessons be learnt from other sectors?
Read more ...

article thumbnail Card & Payments World | News - Loyalty/MarketingThursday, 06 September 2018

All Visa Australia cardholders to be offered rewards link-up
Visa has announced a partnership  to roll out an instant rewards loyalty scheme including cashback, to all Visa cardholders across Australia. Read more ...

article thumbnail Card & Payments World | News - Online paymentsMonday, 03 September 2018

Google in Mastercard deal to access offline spending
Companies insist data is anonymised
Google has apparently bought Mastercard credit card data in the US to help it track users' offline spending in stores. It highlights the issue of consumers choosing to use recent privacy regulation to go “dark” and refuse to share their data. Read more ...

article thumbnail Card & Payments World | News - Online paymentsThursday, 30 August 2018

Alternative payment methods outnumbering traditional in most markets
Data from APAC, Global
Full list of alternative payment methods


Alternative payment methods such as mobile and digital wallets are steadily displacing traditional payment methods such as cards, bank transfers and cash/cheques in the Asia-Pacific (APAC) e-commerce market, finds leading data and analytics company GlobalData. Read more ...

article thumbnail Card & Payments World | News - FintechThursday, 23 August 2018

Special Report:
Blockchain continues to gain ground in payments

Union Bank, Liechtenstein announcement
Crypo from Thailand Central Bank
Cryptocurrency cashback from Revolut
North Korean hack exchange with “first” MacOS Malware Read more ...

article thumbnail Card & Payments World | News - RegulationMonday, 20 August 2018

EU agrees Strong Customer Authentication rules
Uncertainties remain
One in four transactions will be affected

The European Union has finally has new requirements for strong customer authentication which will apply across the region from September 14, 2019. Read more ...

article thumbnail Card & Payments World | News - RegulationWednesday, 15 August 2018

New FCA rules makes it easier for consumers to compare
How likely is it that a bank be recommended by users?

From today (15 August 2018), banks must publish information on how likely people would be to recommend their bank – as well as its online and mobile banking, branch and overdraft services – to friends, relatives or other businesses.  Read more ...

article thumbnail Card & Payments World | News - ATMsTuesday, 14 August 2018

FBI warns of global ATM cyber crime spree
Criminals gaining access via bank systems
The FBI is warning banks that cyber criminals are planning a highly-coordinated attack on cash machines around the world that could see millions of dollars withdrawn from customer bank accounts. Read more ...

article thumbnail Card & Payments World | News - Financial ServicesTuesday, 14 August 2018

China fines third party payment providers
Tightening regulation hits digital financial services
Non financial companies investing in banks also reigned in
China’s central bank fined Alipay, Gopay and Union Mobile Financial Technology (UMF) for violating financial service rules as it continues to clamp down on the activities of third-party payment providers, according to media provider Xinhua. Read more ...

 
     
We get access to the inside stories on payments that you won't find anywhere else. Original research, data, analysis and briefings. To read them:

Banner