Cash must remain an option despite pandemic, industry bodies state
Cash is facing a steep decline as coronavirus concerns have prompted a rise in contactless payments, yet industry leaders maintain that cash ... read more
How is coronavirus affecting regulation in the payments industry?
By Paul Anning, partner, Osborne Clarke The UK’s financial services regulators, industry bodies and market participants all have a part to play ... read more
Crypto’s safe-haven status wavers amidst market crash
Perceptions that cryptocurrency performs autonomously from other markets is being questioned as bitcoin crashed by 50 percent on March 12. Market participants ... read more
Tech innovation vital for mitigating airline crisis
The airline and travel sector’s coronavirus crisis may spark tech innovation in the industry, market participants predict. Customers will look to travel ... read more
COVID-19: our action plan
Dear reader, As the coronavirus pandemic spreads, we continue to hear and read unsettling stories from around the globe. At Payment Eye, ... read more
Bank of England slashes interest rates amid coronavirus outbreak
By Aaran Fronda The Bank of England (BoE) has announced an emergency cut to the base interest rate from 0.75 percent to ... read more
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Central bankers and policy makers debate CBDC use cases
The “immediate need” for central bank digital currencies (CBDCs) is up for debate as use cases evade central bankers and policy makers. ... read more
People moves: Billtrust, LedgerX, ShapeShift and more
Billtrust appoints new CFO New Jersey-based fintech firm Billtrust announced on February 20 that they appointed Mark Shifke as its new CFO. ... read more
Payments industry must adjust to heightened VAT reporting
New VAT reporting procedures will place an unnecessary burden on the payments sector, says Elie Beyrouthy, board member of the European Payments ... read more
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Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Businesses failing to identify customers amidst synthetic ID concerns
Businesses have a “false sense of confidence” around their ability to identify and re-identify customers says David Bernard, senior vice president, global ... read more
Report: What Open Banking will change
By James Buckley, head of Finacle Europe A research report on Open Banking in the UK says that the use of APIs ... read more
People moves: OKEx, Trustly, and more
OKEx names a new COO Malta-based cryptocurrency exchange provider OKEx announced on January 7 that its chief operations officer (COO) Andy Cheung ... read more
FX markets to see less central bank involvement
Central banks will take a back seat in currency markets this year, according to Paul Robson, head of G10 FX strategy, EMEA, ... read more
UBS looks to build tech solutions in minutes
A change in UBS’ approach to software engineering could see the Swiss bank condensing solution development time from months to minutes, according ... read more
New fraud reporting fields a burden for PSPs
Collecting data necessary for two new fraud reporting fields under the second Payment Services Directive (PSD2) could prove difficult for some Payment ... read more
EPA’s Craddock: UK’s bigtech tax “anti-competitive”
Damage to the UK’s growing fintech sector will far outweigh any benefits from introducing a tax on bigtech, according to Tony Craddock, ... read more
