December 14, 2012
Overcoming The Challenges Of Cross-Border Commerce
What could a partnership between a major issuer like MasterCard and a cross-border comments player like FiftyOne offer to the average consumer? Mario Shiliashki, senior vice president of emerging payments...
December 11, 2012
Earthport Expands Payments Service To Turkey
Earthport has announced the expansion of its cross-border payments service to Turkey. The new payment route comes in response to the growing client demand for cost-efficient, low value payments into...
December 10, 2012
How Can National Card Schemes Remain Competitive? Five Tips
Commentary by John Chaplin, director at Anthemis Group In my 18 years at Visa and 5 years at First Data, I acquired an in-depth knowledge of card payments, card schemes...
November 29, 2012
Cross Border Service Payments under EU Fair Competition and SEPA...
Posted by D. Daniel Sokol Anca Daniela Chirita (Durham Law School) discusses Cross Border Service Payments under EU Fair Competition and SEPA Rules ABSTRACT: EU rules on the functioning of...
November 25, 2012
World Bank Calls For Payments Deregulation
The World Bank has announced that remittance flows to developing countries are expected to exceed the earlier estimates by the bank and will amount to $406 billion, a 6.5 percent...
November 22, 2012
Cyber Criminals Target SEPA
Anti-malware specialists McAfee have reported that Operation High Roller – a wire transaction fraud scam – has targeted the Single Euro Payments Area (SEPA) payments network. The criminals have moved...
November 20, 2012
European Parliament Wants Common Interchange Fees Across EU
Future EU rules for card payments should be modelled on those for cross-border bank transfers, so as to make paying cheap, easy and safe, say MEPs in a resolution adopted...
November 07, 2012
Cross Border Service Payments Under EU Fair Competition and SEPA...
Posted by D. Daniel Sokol Anca Daniela Chirita (Durham University – Department of Law) addresses Cross Border Service Payments Under EU Fair Competition and SEPA Rules ABSTRACT: EU rules on...
November 06, 2012
OTB Bank Russia Chooses Tieto For P2P Payments
OTP Bank of Russia has chosen Tieto for their P2P payment solution. The Card Suite Person to Person Transfer Service will allow customers to transfer funds from one card to...
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.
In Saudi Arabia, digital wallet adoption is surging for cross-border payments, especially among younger consumers. Small and medium-sized businesses, however, face hurdles with security and cost, making addressing these concerns crucial for wider adoption. The latest data brief, “Global Money Movement: U.S. Edition,” a collaboration with TerraPay, explores the landscape of digital wallet usage in the Middle Eastern country, highlighting the generational and business-size divides in this rapidly evolving market.