The new Payments Systems regulator has vowed to revolutionise the £75 trillion payments industry to force a higher level of transparency and competition once it comes into power in April 2015.

Oberthur Technologies is partnering with Mobeewave to launch a solution able to turn any properly equipped NFC device into a payment terminal.

MasterCard and Visa are working together to replace their unpopular security systems, MasterCard SecureCode and Verified by Visa, with a simpler solution using far fewer prompts for passwords and supporting a range of biometric technologies.

Bitcoin startup Xapo is launching its wallet app on iOS to double as an interface for the company’s bitcoin vault service.

Security experts have discovered a number of bugs in NFC payment technology that allow hackers to take over a mobile phone, accessing all of its data.

Andrew Vorster, technology foresight consultant and former vice-president of technology research at Visa Europe, has joined the FinTech Innovation Awards independent judging panel.

View the latest nominee case study for the FinTech Innovation Awards 2015.

View the latest nominee case study for the FinTech Innovation Awards 2015.