European policymakers are fighting over how financial messaging information from the SWIFT network can be used to fight terrorism, and who gets to use it, EU Observer reported. On Thursday (Jan. 8), members of the European Parliament debated what to do about an agreement under...
BMW has tapped MasterCard for a contactless credit card that will let users of the DriveNow car-sharing service pay for, unlock and operate a DriveNow car, according to Finextra. The deal was announced this week at the Consumer Electronics Show in Las Vegas, but no...
Think online shopping is the perfect way to get around restrictions on when brick-and-mortar stores are allowed to be open? Think again — this week the Hungarian government said that e-commerce deliveries can’t be made when shops can’t stay open, according to Hungarian business publication...
More than a million people in the U.K. will see the cost of their borrowing fall now that new price caps on payday loans have taken effect, the Guardian reported. Interest and fees on all high-cost short-term credit loans are now capped at 0.8 percent...
European tech startups struggle to raise investment money compared with companies based in Silicon Valley and New York, The New York Times reported. Silicon Valley dominates the flow of venture money, with tech companies there getting $22 billion in 2014. In New York, where startups...
The U.K.’s Payments Council is exploring options for providing more information with business and consumer electronic payment transactions, Finextra reported. The organization, a group of financial institutions that sets strategy for payments in the U.K., says it is in discussions with several government departments, including...
PYMNTS.com Bitcoin Price and Volatility index. This week’s bitcoin trivia: How much value has bitcoin lost over the last 12 months? Answer. 51 percent. This time last year, the price of bitcoin was 629.18. Today it is 310.15. The bitcoin world awaited word from...
America’s greatest musical treasure Elvis Presley once sang that what he needed was “a little less conversation, a little more action,” a motto that the team at Mozido seems to have taken to heart. In a year-ending surprise, the Austin-based cloud platform mobile payments and...
Under an EU deal struck Wednesday (Dec. 17) between lawmakers and the EU Council, payment-card interchange fees will be capped at 0.2 percent for debit and 0.3 percent for credit transactions, Reuters reported. The deal, which largely matches a revised version of the Payments Services...