The head of Facebook’s controversial cryptocurrency project has said “intense” regulatory pressure prompted Visa and Mastercard to withdraw from the Libra Association, on the eve of its inaugural...
Payment service providers are on the front line of the European Commission’s probe into whether Facebook’s cryptocurrency project poses a risk to fair competition in the continent’s financial...
Stripe is being targeted by anti-racism campaigners for continuing to process payments for far-right extremists in the United States and Europe, highlighting the reputational risk to payment...
Facebook has finally pulled back the curtain on the worst-kept secret in Silicon Valley: a global peer-to-peer and retail payment system that seeks to plant the use of cryptocurrencies firmly in...
A lack of industry readiness means incoming strong authentication reforms are now expected to cost businesses across the EU a total of €57bn, new research has claimed.
UK-based payments firms seeking to bolster their defences against a looming Brexit crash-landing have helped create a burgeoning fintech scene in Ireland, whose central bank is granting...
France's terrorism bill faces its final hurdle; TransferWise rapped by ad watchdog again; Thailand moves away from magnetic stripe cards; Automated Clearing Settlement System in Canada will be...
American card networks and issuing banks have been accused of bungling the switch to the EMV card standard last October, putting consumers and merchants at greater risk of fraud.
U.S. industry experts have denied there is a link between soaring ATM fraud and wider in-store use of chip-enabled cards, instead blaming changing criminal tactics for a fivefold increase since 2014.
Payment processors aiming to take Vantiv’s place serving the billion dollar daily fantasy sports (DFS) market have been warned they face a “high risk, volatile and uncertain” legal environment.
The consolidation of the transaction processing sector is set to gather pace after it emerged US firm Global Payments is in talks to buy smaller rival Heartland Payment Systems.
Some of the top players in mobile payments are urging Congress to hold off on slapping the budding sector with new rules and regulations even as concerns over consumer safety and privacy mount.
South Korea’s regulator has announced it is to impose cuts on credit and debit card interchange fees for smaller businesses despite heavy criticism from the card industry.
Executives from Facebook, PayPal and Vantiv have said they believe blockchain technology will irrevocably transform the world of payments, despite distancing themselves from immediate adoption.
On a landmark day for the U.S. payment industry, the implementation of tougher card security begins in earnest today as experts believe federal legislation to enforce the transition is highly...
Four years ago Coinbase was a handful of dreamers sat elbow-to-elbow in a cramped California room, using a roof terrace to conduct conference calls about buying and selling bitcoins. Today it...

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