Payments

Visa card vulnerability can bypass contactless limits

5 years 10 months ago
Payments

Positive Technologies has today announced that researchers Leigh-Anne Galloway and Timur Yunusov have discovered flaws that allow hackers to bypass the payment limits on Visa contactless cards. Positive Technologies tested the attack with five major UK banks, successfully bypassing the UK contactless verification limit of £30 on all tested Visa cards, irrespective of the card terminal. The researchers also found that this attack is possible with... more

Sberbank clients get ‘personalised’ ATMs

5 years 10 months ago
Payments, ATMs

Sberbank has personalised the menu of its ATMs. Now, after a client enters their PIN code they will see a main screen that features the options they have used the most in the past, as well as relevant personal offers from the bank. In particular, the system suggests the amount the client should withdraw based on their past cash withdrawals and even wishes them a happy birthday and offers a present. This new feature is available on 44,000... more

BCB Group and Bitstamp announce partnership to enable GBP transfers

5 years 10 months ago
Cryptocurrencies

Bitstamp, Europe’s largest cryptocurrency exchange, and BCB Group, one of the world’s leading global digital asset prime brokers, today announced a new partnership that will enable investors from the UK to transfer GBP directly to and from their Bitstamp accounts. Through this partnership, Bitstamp will be able to support deposits and withdrawals directly in GBP, providing increased efficiency and reduced costs for clients. The new GBP service... more

ACI Worldwide Readies European Payments Businesses for Strong Customer Authentication

5 years 10 months ago
Payments

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced a number of tools and solution updates to ready payment service providers (PSPs), acquirers, issuers and merchants for Strong Customer Authentication (SCA) and exemptions.

Newcastle United Goes to Crypto with StormGain

5 years 10 months ago
Cryptocurrencies

StormGain, the crypto trading platform with zero commissions and user-friendly user interface and features, like the purchase of Bitcoin for 1% of its value, is now the official sponsor for Newcastle United, The English Premier League FC.

Worldline is official partner of the EU-funded project HELIOS and contributes to designing a new-generation social network

5 years 10 months ago
Payments

Worldline, the European market leader in payment and transaction services, has been selected as a partner of the European Union-funded project HELIOS. By providing its expertise in the areas of system and privacy security and rewarding functionalities, Worldline is in the core of what is expected to become a truly European social network.

SWIFT MT format: valantic FinCASE supports ISO 20022

5 years 10 months ago
Payments

In November 2021, the SWIFT migration starts with replacing SWIFT MT formats and introducing XML formats in the field of large-value payment transactions. As of November this year, banks already have to support certain processes for complaints of SEPA payments. valantic’s FinCASE is a proven solution for processing exceptions and investigations and the software already supports ISO 20022-based complaints. Up to now, SEPA, SWIFT MT as well as... more

Paysend appoints Abhishek Triphati as new Head of Global Account

5 years 10 months ago
Payments

Mastercard and SumUp announced partnership to give small businesses a boost

5 years 10 months ago
Payments

Mastercard and SumUp today announced a new partnership that will increase the number of electronic payment acceptance locations across 27 European countries. Over the next five years, Mastercard and SumUp will bring card acceptance to several million micro, small and medium-sized companies (MSMEs) across Europe.

Cheers Paytech chooses Mambu as core banking system

5 years 10 months ago
Payments, Banking, Core Banking, Cloud

Cheers Paytech, the Singapore-based fintech, has partnered with Mambu to provide the core banking technology for all wallet accounts to fuel growth. The partnership will facilitate the backend movement of funds within the Cheers Wallet Engine. Mambu’s rapid deployment capability and API-first architecture will allow the team to integrate quickly and without the need for complex coding or underlying infrastructure maintenance.

Klarna research reveals retailers struggling to retain customers as shoppers demand better experience

5 years 10 months ago
Payments

New research conducted by Klarna across 2,000 UK consumers and over 250 retail decision makers, reveals that retailers are struggling to retain their customers as consumers today increasingly have zero tolerance for a poor retail experience. 40% of shoppers say just one bad experience would stop them returning to a brand. A third (32%) say shopping isn’t as fun as it used to be, with 36% feeling that what shoppers today have gained in... more

Peak sales data reveals new pan-European sales opportunities for fast-growing merchants

5 years 10 months ago
Payments

The European online division of global payments leader, Ingenico Group, has released ecommerce transaction data insights which indicate a greater pan-European business opportunity for online merchants during highly targeted peak shopping events.

FIS Powers Payment Services for Australia’s All-Digital Volt Bank

5 years 10 months ago
Payments, Banking

Volt Bank, the first of a wave of new digital providers to be granted a banking license in Australia, has chosen technology and services from FIS (NYSE: FIS) to power its mobile and card payment services. FIS, a leader in financial services technology, will provide Volt Bank with processing services for its credit card and mobile payments products. FIS will also provide solutions for risk and compliance management as well as treasury management.

Kinesis expands to Indonesia: gold-backed currency allows citizens to make payments and generate returns

5 years 10 months ago
Blockchain, Payments

Kinesis Money – creators of a robust blockchain-based currency the value of which is tied 1:1 to underlying physical gold and silver holdings – has achieved a major step forward in its vision to offer a superior alternative to mainstream central bank-mediated fiat monetary system.