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Suddenly the key EU’s stakeholders (ECB/EC) are talking again about technical payments interoperability and new payments networks. Many may ask why, for they have struggled over 10 years to fully understand EU market dynamics. Surely, the regulators simplistically ask, we can make our 28 domestic networks more efficient and create a common infrastructure to enable [...]
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Interchange fees to process debit and credit card transactions are to be capped under an EU law that attempts to wrap-up a protracted battle with payment groups such as Visa Europe and MasterCard. Negotiators for EU member states and the European Parliament on Wednesday night agreed draft terms to introduce maximum fees to handle card [...]
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A new report by Allied Market Research predicts that the global ATM market will expand at a compound annual growth rate of 7.6% between 2014 and 2020, to a total of $21.9 billion. The report, “Global ATM Market — Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013-2020,” correlates the integration of wireless communicating devices (i.e., [...]
The post Global ATM market expected to hit $22 billion in 2020 appeared first on Payments Cards & Mobile.
According to local sources, Russia’s Rossiya and SMP banks, which fell under Western sanctions, are among the eight lenders that will start testing the country’s new national payment system on December 15. “The pilot project involves SMP Bank and Rossiya Bank, those for which the story is very critical and important. These are quite large [...]
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In a new report, Celent summarizes payment statistics and noncash transactions it tracks from over 120 countries, by both payment type and region. Celent estimates that there were 345.7 billion noncash transactions in 2013, and the number is expected to rise to 411.2 billion by 2017. Checks continue their downward cycle, and debit cards are [...]