July 24, 2013
EU: EC proposes sweeping new payments regulation
The European Commission announced a legislative package Wednesday that will revise the Payments Services Directive and adopt new legislation on payment card fees. The move is, in part, an effort by...
July 24, 2013
EC To Slash Interchange Fees And Regulate Internet Payment Providers
The European Commission announced a legislative package that would revise the Payments Services Directive and adopt new legislation on payment card fees. “Our proposal will promote the digital single market...
July 08, 2013
New Mobile App Allows African Money Transfers
Mukuru, an English online payment platform, announced the launch of a mobile application that allows customers to make money transfers for African subscribers, reported Humanipo. The new app was created...
July 02, 2013
Breaking Down The Payments Council Roadmap
If you were to compare the British payment system to a physical landscape, it would probably be downtown Westminster Road during rush hour. Earlier this summer, the Payments Council released...
June 28, 2013
DSB, Visa Team For P2P Payments
DBS Bank, an Asia-based financial services group and worldwide financial services provider Visa have launched Visa Personal Payments (VPP). The service allows DBS customers to send money from their bank...
June 21, 2013
Can Electronic Payments Save Struggling SMEs?
When it comes to solving the world’s economic issues, it seems there’s little on which members of every nation can agree. But one common view you’re likely to hear, whether...
June 19, 2013
MasterCard Launches Cross-Border Payments Solution
The purpose of National Small Business Week is to “recognize the critical contributions of America’s entrepreneurs and small business owners,” according to the U.S. Small Business Administration’s website. For MasterCard...
June 19, 2013
EU Agency Receives New Regulation For Cyber Security
The European Network and Information Security Agency (ENISA) received on Wednesday a new regulation that aims to tackle online fraud. The regulation is a seven- year mandate that has already...
June 19, 2013
African Banks Stop Accepting Cross-Border Checks
Commercial banks in Namibia, South Africa, Lesotho and Swaziland will cease to accept check deposits and alternative bank drafts issued outside the country where the transaction is being requested, reported...
Real-time payments in the EU are on the verge of achieving their instantaneous promise, with a new rule from the European Council requiring instant fund transfers to be available within 10 seconds. In this edition of the “Real-Time Payments World Map,” a collaboration with The Clearing House, PYMNTS explores this development along with other advancements unfolding across the global real-time payments landscape.
Digital wallets are becoming the go-to for U.S. consumers making cross-border payments, but many small businesses are holding back, citing security concerns and a lack of consistent industry standards. The latest Global Money Movement data brief, “Global Money Movement: U.S. Edition,” a collaboration with TerraPay, explores what’s driving consumer adoption, what’s slowing down SMBs, and how both can unlock the full potential of digital wallets.