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As the limit on contacless payments in the UK rises to £30 per transaction, so too has spending on contactless cards, according to data published by The UK Cards Association, which suggests that contactless transactions have more than trebled over the last year to reach a record £2.32 billion in 2014. The new figures reveal [...]

The post UK contactless usage surges appeared first on Payments Cards & Mobile.

Little know, Singapore state-owned investment fund, Temasek Holdings, is reportedly showing interest in core banking supplier Misys, which has been put up for sale by current owner Vista Equity Partners, according to Sky News. Temasek, which counts a stake in Markit among its fintech investments, is one of several potential bidders, alongside Canadian pension funds, claims Sky. Vista [...]

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First Data and Capgemini have formed a global alliance to develop next generation payment technology software using First Data’s VisionPLUS and AccessPLUS solutions. The collaboration will leverage Capgemini’s global vertical industry and payments expertise and First Data’s market-leading suite of payments solutions, assisting clients in numerous sectors, including Financial Services, Retail, Public Sector, Telecommunications and Media, in growing [...]

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It will be increasingly difficult for banks to simply invest in doing the banking business digitally.Up to half of the world’s banks will disappear due to the digital disruption of the industry, forecasts BBVA chairman and CEO Francisco Gonzalez. Speaking to the press as the bank reported a 25% uplift in profits to €2.62 billion, Gonzalez said [...]

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A new study published by Experian reveals that a third of the UK population (33%) believes credit and debit cards will no longer be the preferred method of payment in 2020, as paying with a smartphone will take over. The Banking Moving Forward study provides a valuable insight into what expectations individuals have of lenders and [...]

The post UK adults believe that smartphone payments will outpace credit and debit cards by 2020 appeared first on Payments Cards & Mobile.