International

Europe
New British Regulator Taking A Close Look At Visa and MasterCard
October 15, 2014

Going forward in the U.K. Visa and Master Card will be directly overseen by the Payment Systems Regulator (PSR). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

B2B Payments
Fake Invoicing Returns To Haunt Chinese Trade Sector
October 14, 2014

What initially seemed like an accomplishment, Hong Kong overtook the U.S. as the top destination for Chinese goods and materials.  Now it seems like that particular stat may need an asterisk next to it, since the U.S. seems to still lead as a location where...

PayPal’s Irish Pot Of Gold
October 14, 2014

PayPal’s Irish expansion is paying off, according to new figures that show Paypal Europe Services Ltd pre-tax profits are up 43 percent to €11.2m over the prior year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Europe
Sweden Is Nearly Cashless
October 14, 2014

Swedes are increasingly drifting away from cash, according to a new report released by the Swedish Federation of Trade (Svensk Handel). ) with four out of five purchases in Sweden made electronically (either by debit or credit). Get the Full Story Complete the form to...

Europe
Estonian National ID Cards Embrace Electronic Payment Capabilities
October 14, 2014

The Baltic country Estonia — about the population of Dallas, Texas  — embraces a niche in the payment world with its use of national identity cards that offer capabilities to access banking services, conduct government services, among other non-traditional payment features. Get the Full Story Complete...

International
Canadians To Mobile Innovators: Bring It On!
October 14, 2014

Paying with a smartphone is fine with Canadians, but a new PayPal Canada survey suggests many of them are ready to go way beyond something like Apple Pay, Chain Store Age reported. Get the Full Story Complete the form to unlock this article and enjoy...

International
You’ll Never Guess Who’s Mining Facebook Data
October 14, 2014

MasterCard has agreed to a 2-year-contract to mine user data from Facebook Asia-Pacific, packaging it and then reselling it to banks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Europe
MasterCard Stays The Course On Russia
October 14, 2014

After initial signs that MasterCard might resist new rules, which required billions of dollars of security deposits, the card brand has now agreed to continue operating in Russia and to give in to new rules set by the Central Bank of Russia, according to a...

Alternative Finances
U.K. P2P Invoice Broker MarketInvoice To Reach Into Europe
October 10, 2014

U.K.-based P2P trade-finance platform MarketInvoice is expanding into Europe and reaching out to retail investors, according to Global Trade Review. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....