German payment card issuers are facing a major threat. They largely depend on Multilateral Interchange Fees – but currently, proposed interchange fee changes in the EU could shake up the nation’s financial ecosystem. In a recent podcast, Tom Stankiewicz, Director of Business Development at TSYS...
Regulations for the providers of financial-transaction infrastructure aren’t going to return to pre-financial-crisis levels — in fact, they’re likely to be an ever-increasing burden for everyone involved in a transaction. But regulators could make that burden easier to handle by providing more guidance on what...
A new very sophisticated set of attacks on European ATMs—using malware that has now spread to U.S. ATMs—involves knowing the time of day when the ATM malware is expecting instructions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The details are continuing to leak out from the massive Chase attack this summer, with the New York Times now reporting that a dozen other financial institution were attacked, including Fidelity Investments and E*Trade, which were “victimized in some way by the attacks.” Get the...
Global financial-messaging network SWIFT will not unplug either Russia or Israel from the system unless the European Union officially adopts appropriate sanctions, the organization said on Monday (Oct. 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Currently, banks are still processing about 85 percent of all international payments. At the same time, for many organizations looking to gain a global presence, international payments are often too complicated, and banks’ pricing isn’t transparent, says Mike Laven, CEO of Currency Cloud. In a...
Against the backdrop of global political tensions and tit-for-tat diplomatic and economic sanctions involving Russia and the United Nations, Russia is publicly rethinking how it wants to handle payments. Partly, this is so that Russia can try and isolate and protect itself from external economic...
Economist, and “What’s Next in B2B Payments?” keynote speaker, Nouriel Roubini correctly identified the financial crisis of 2008 well before it was a frightening reality. Now, seven years later, global markets have rebounded and are more buoyant than ever; and according to Professor Roubini they...
Remittances to developing countries are expected to reach $435 billion this year, representing a 5 percent increase over 2013. Remittances also grew faster this year–in 2013, the annual growth rate was around 3.4 percent. The main drivers for growth were Asia and South America. Get...
