Visa is opening the door of its payments network to developers in a bid to leverage new innovations and keep pace with how consumer and businesses want to interact with money. The firm is launching Visa Developer, an open platform that it’s describing as a global ‘playground’ for developers. read more ..
From security to user experience, one surprising piece of tech could help payment providers address 2016’s biggest bugbears. read more ..
Momentum continues to build in the blockchain space with news that Blockstream just secured $55m in fresh funding to help accelerate the deployment and exploration of blockchain and bitcoin technology across different industries. read more ..
Apple hasn't exactly had a great start to the year, but could the introduction of smartphone-compatible ATMs kickstart its lagging mobile payment service?
Many Canadians are moving towards modern payment methods such as credit and debit cards and leaving cash behind, according to a new survey from marketing company GfK, which found that the amount of cash transactions has decreased in 2015 compared to the previous year.
New research highlights Visa Europe's dominance over the contactless market in Europe, but with MasterCard not too far behind and growing countries adopting the tech, that dominance may very well change in the next five years.
The UK is the fourth most digital-ready country according to the latest research from Citigroup and Imperial College London. Finland was top for the third year running whilst Singapore and the US came second and third respectively.
Value-added service, mPOS, contactless ecosystems – what are the payment predictions for 2016? (Infographic)
In the first month, PaymentEye has explored several key payment trends. We have covered Big Data being a game changer in the world of mobile payments, contactless technology going from strength to strength, particularly in the world of transport, and cash having too many benefits to disappear. But what about the other, more left-field trends such as unattended payment solutions? This infographic breaks down Ingenico's predictions for 2016.
Transport for London has released detailed figures about people's usage of contactless technology including findings such as there being 25,000 new contactless cards being used on the network every single day and mobile payments accounting for 3.5 per cent of all contactless journeys.
It's been quite the ride for Barclays and Apple Pay. After initially not signing up for the tech giant's payment service, on the day of its launch the bank performed a glorious U-turn by announcing that it would work with the mobile payment service in the near future. A short six months later, we finally have indication that Barclays will work on Apple Pay in March or April.
PaymentEye recently caught up with CEO and founder of Credits, Nick Williamson. His company is a hybrid framework that provides interoperable, built-to-purpose blockchains. We spoke about the misconceptions surrounding the technology, its association with Bitcoin and actual practical applications.
In this guest post Tom Davies, Head of Strategic Partnerships at BCSG, explores how banks can rebuild their relationships with SMEs.
The FinTech Innovation Awards are now in their second year, and the judging panel is only getting more illustrious. Meet a few of the FinTech wonders selecting this year’s winners.
In just three months since the introduction of the higher spending limit, we jumped from spending £634m to £1.02 billion in a single month, according to new data from The UK Cards Association. By contrast, in January 2015, contactless spending amounted to just £287 million.
Payments is a massively, confusingly and unsustainably fragmented industry right now. So it’s no surprise that 47 per cent of global fintech M&A deals tracked by Pivotl last year were payments companies getting snapped up.
The shift to EMV is adding complexity and cost for card issuers and it’s only going to tackle part of the problem around payments fraud. That’s according to Render Dahiya, CEO of Arroweye Solutions at least. In an interview in the Finetics™ Studio by The Bancorp at Money 20/20 in Las Vegas he talks about the impact of EMV migration on issuers and why it’s just a “stop gap” measure on fighting fraud.
Bringing the VC perspective to The Bancorp’s Finetics™ Studio during Money 20/20, is Dan Rosen, founding partner at Commerce Ventures based in San Francisco. Here, he talks about Commerce Ventures’ model and investing in the future of fraud prevention.
Speaking during an interview in the Finetics™ Studio by The Bancorp at Money 20/20 in Las Vegas, The Bancorp’s SVP of payment acceptance, Charles Crawford, talked about the challenges, limitations and unintended consequences of the shift to EMV.