J.P. Morgan takes majority ownership of Volkswagen payments business
by Ben Poole
Payments developments in the auto industry point the way to the future for digital wallets and payments data.
Payments - Receipts at POS
Background
Point Of Sale (POS) payments are no longer just over the shop counter, they also includes payments from sales on the Internet, on mobile phones and on many other devices. But whatever the POS,…
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Industry roundup: 31 August
by Jack Large
Your daily news briefing featuring new ESG Water Index; fraud control; factoring in Spain; and bringing jobs back home
What corporates want from request to pay
by Ben Poole
A survey conducted by the Euro Banking Association and PPI has identified four key use cases for the payments messaging framework.
How 5G will shake up global payments and benefit businesses
by Ben Poole
Verizon Business and Mastercard are partnering to bring 5G to the global payments industry.
On the fifth day of Christmas my guru sent me advice on how to:
by Jack Large
Optimise AND integrate your payments and collections
Digital, distanced and domestically focused: Mastercard’s view on 2021
by Ben Poole
The payment giant's Economics Institute has analysed data from across its network to predict next year's key trends.
Payment cards cost way too much and it’s getting worse (up 5%-16% in 2019)
by Jack Large
The BRC and other UK trade bodies are calling for action to tackle excessive card costs
SIBOS 20: Future of money: how it affects everyone, every business
by Jack Large
Innotribe debate stirs the pot, essential viewing. Don’t miss it
Mastercard launches central bank digital currencies testing platform
by Ben Poole
The virtual platform allows central banks to evaluate use cases and test roll-out strategies for CBDCs by simulating a CBDC ecosystem.
Digital wallets to represent half of global eCommerce sales by 2023
by Ben Poole
The fifth annual Worldpay Global Payments Report suggests the global eCommerce market will increase 53% by 2023, to US$5.9 trillion.
Santander Group agrees to acquire merchant services company Elavon México
by Ben Poole
The group will provide acquiring and payment services to merchants, enabled by its global merchant platform.
Elavon acquires Sage Pay
by Ben Poole
The acquisition is part of Elavon’s strategy to help its customers become more digital.
Continued growth in China cements UnionPay as the world’s largest card scheme; Visa biggest global
by Jack Large
Government-backed financial inclusion programmes driving growth, but UnionPay only represents 1% of cards if China cards excluded
Payment Update: Frictionless e-commerce; Faster Payments still booming; retain cash = must?
by Jack Large
New schemes; new partnerships; but remember the customer
The economic realities of the global payments industry
by Jack Large
McKinsey’s Global Payments Map 2019 report reveals all
SWIFT publishes paper on the European payments landscape
by Ben Poole
As financial institutions prepare for new European payments architecture, the paper highlights the milestones for action.
U.S. Bank acquires talech to expand digital capabilities
by Ben Poole
The move is to enable the bank to further support businesses in the digital marketplace.
Progress on blockchain sandbox celebrated in Lithuania
by Ben Poole
LBChain has already had six fintechs test financial products on the blockchain platform.
Concardis launches card acceptance platform for merchants
by Ben Poole
The digital product is targeted at SMEs in the DACH region.
HSBC announces three measures to support SMEs in Hong Kong
by Ben Poole
Two of the moves relate to the government's SME loan schemes.
TSB and Square payments partnership targets UK SMEs
by Ben Poole
SMEs with a TSB Business Banking account can get free Square POS software and no processing fees on the first £1,000 worth of sales.
Mastercard and Artajasa to partner on Indonesia’s National Payment Gateway
by Ben Poole
Partnership aims to grow digital payments and drive inclusivity in Indonesia.
Danish businesses turning away from cash
by Ben Poole
Survey finds electronic payments in Denmark are increasingly popular.
Mastercard acquires Nets’ account-to-account payment business
by Ben Poole
The move is designed to meet application, service and payment needs of customers across card and account-to-account payments.