Banks are on the verge of their "Uber moment" as technological advancements are on course to forcing financial institutions around the world to close their branches and possibly firing half of their workforces, said Anthony Jenkins, the former chief executive of Barclays Bank.
Here are the five payment startups participating in MasterCard's 'Masters of Code' global hackathon. The event, held in San Francisco at the beginning of December, will see one winner receive $100,000 and dedicated resources to develop and commercialize their innovation.
With two months having passed since the US market implemented payment security upgrades in the form of the EMV standard, it is time to check back in and see whether the October 1st deadline was realistic or optimistic.
This year's Black Friday looks to be the biggest yet, according to multiple sources, with online transactions driving the bulk of transactions.
Bitwalking has launched a phone application that will turn users' footsteps into Bitwalking dollars (BW$), real money that can be used to buy products in Bitwalking’s in-app marketplace, trade BW$ with other users, and make purchases with third-party partners.
The UK is the world’s third most popular shopping destination for international online shoppers, according to new research from PayPal.
A recent blog post in the Financial Times, closely examined the progress of Mpesa, the digital money system launched in Kenya by Vodafone-owned Safaricom, and used it to trace out a larger picture of the mobile money systems.
BBVA, Spain's second-largest bank, has invested £45m in Atom Bank, UK's first digital-only financial institution, to become the Durham-based lender's biggest shareholder.
US ATM manufacturer Diebold is in talks to acquire its European peer, Wincorf Nixdorf, for $1.8 billion in a move that will see the creation of a company that will be the world's largest maker of cash machines, overtaking NCR.
Bitcoin is set to get a mainstream boost as Coinbase, one of the largest bitcoin wallet firms in the US, has partnered with Shift Payments to release a Bitcoin Visa debit card.