A series of new regulations aimed at “ending the cycle of debt,” could push as many as one quarter of U.K. payday lenders out of business. The Financial Conduct Authority (FCA), which became the regulator of consumer credit starting today, said the measures are designed...
In the wake of U.S. sanctions in response to Russia’s annexation of Crimea, Russian President Vladimir Putin has called for the creation of the country’s own payment system to rival Visa and MasterCard. Both American credit card companies stopped processing transactions for customers of Bank...
Requiring faster response to market change, the 186 banks owning Nordic processor Nets decided to pursue an owner with better expertise and commitment. It also sought a buyer with the capital necessary to appropriately fund Nets’ IT and technology needs. In the end, it chose...
For years, there have been efforts to do away with the use of paper cash and checks and replace them with more efficient electronic means of transferring value. And over time, one might think we’d get to an entirely electronic system. Not likely, or at...
The European Central Bank (ECB) has approved a guide for payments security assessments being conducted within in the eurozone. The guide helps those planning to tighten point-of-sale security, shore up authentication technologies and provide additional security measures for stored consumer data, according to a Feb....
Ingenico is combining its European business, or Euro-SEPA, and its Transaction business under a new entity managed by Pierre Antoine Vacheron. The initiative builds off Ingenico’s acquisition and integration of Ogone. The new payment service will focus on both offline and online transactions. “Recent business...
Ovidio Egido, who has served as MasterCard’s senior business leader for Spain, has been appointed the company’s country manager for Spain. Egido has worked for MasterCard since 2012. He previously served as an independent contractor for Telefonica, 3V Transactional Services and Payment System Europe. “We...
04 March 2014 Approximately one-third of online sales in the United Kingdom originated from mobile devices, meaning mobile now accounts for a fast-growing share of the UK’s online sales. In the fourth quarter of 2013, more than 35 percent of all retail sales originated from...
04 MArch 201a Use of retail apps and websites in Italy jumped sharply last year, according to comScore’s latest Mobile Advisor Study. Traffic to online retail platforms from mobile devices soared 74.8 percent, comScore announced March 3. Retail traffic accounted for 23.8 percent of all...
