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Mastercard gains regulatory approval to acquire VocaLink
Mastercard says the UK’s Competition & Markets Authority’s decision has cleared the way for the completion of the company’s planned acquisition of VocaLink. The CMA gave final approval for the proposed set of remedies that address the competition concerns the CMA identified earlier this year. The deal is now expected to close in the coming weeks. “We [...]
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Apple Pay mobile payment adoption rates poor… and slowing
When Apple launched its Apple Pay mobile payment service more than two years ago, it hoped to speed up the checkout process and, ultimately, to replace physical wallets for US consumers. Apple Pay has made significant headway, but consumer’s wariness reflects a range of factors that analysts say have caused growth to undershoot their expectations, [...]
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PSD2: Towards a platform approach — what banks need to know
Open innovation is undoubtedly one of the drivers behind PSD2. However, the trend towards open banking and APIs is a global one that goes beyond European legislation. And effects more than just technology or IT departments within banks. In the last blog Open for business? I looked at parallels between the telecoms and financial services [...]
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Apple Pay funding added to Western Union to enable mobile money transfer
Western Union says that US customers using its mobile app can now pay with Apple Pay when sending money transfers originating in the US to more than 200 countries and territories worldwide, including domestic bill payments. The capability to pay with Apple Pay for sending money transfers through the Western Union app in the UK is planned for [...]
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Security scans on 60,000 websites shows 78% of e-commerce websites at risk
Security scans performed on 60,000 Magento websites, the most popular e-commerce platform, show that 78% are missing critical security patches, while 5% are confirmed to have payment card data harvesting malware stealing their customer details. The findings follow a number of high profile breaches of customer data over the past year, involving companies including Oracle, [...]
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