VASCO Data Security’s Wim Abraham spoke to PaymentEye at this year’s PayExpo about the challenges of tackling systematic cyber fraud on a global scale and how biometric technology is improving mobile user experience.

MasterCard is set to test a new form of facial recognition software that will allow customers to pay for items by taking a selfie on their smartphone.

Nordea, the Swedish financial services provider, is launching a new accelerator programme this autumn in partnership with Finnish innovation agency Nestholma to nurture Nordic FinTech start-ups.

The UK’s FinTech companies have seen record-breaking VC investments being made with $1.5 billion raised in the first half of the year, with London-based companies securing more than 80 per cent of the total funding.

Greece’s financial meltdown is affecting some of the world’s largest technology companies, with credit control laws banning citizens from making online card payments to international firms, including PayPal and Apple.

The latest figures from Visa Europe highlight the rapid rise of contactless adoption, particularly in the UK, which tops the European league table in terms of contactless cards issued.