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Initial perspective on post Brexit payments market
British voters’ decision to Brexit and leave the European Union on June 23 shocked markets around the world. It might also have significant implications on the development of the payments marketplace and its participants. European payments stakeholders are now searching for guidance on what ‘Brexit’ entails for strategic and operational planning. Acknowledging that a great [...]
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Issuers confront card fraud and account takeover in a post-EMV US
Card fraud is a multibillion-dollar moving target that continues to become ever more complicated for issuers due to the introduction of new channels and products. In fact, over the last year the rate of fraudulent new account openings increased 113%, according to Javelin’s 2016 Identity Fraud report. Confronted with the implications of the US EMV [...]
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Visa and MasterCard’s $7.25 billion settlement rejected
A federal appeals court on Thursday threw out a $7.25 billion antitrust settlement among Visa,MasterCard and millions of retailers over credit card fees. The 2nd US Circuit Court of Appeals in New York said some of the retailers were inadequately represented in the litigation, which began in 2005. It also decertified the case as a [...]
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UK debit cards reach 100 million for first time
There are now more than 100 million debit cards in circulation in the UK for the first time.The milestone was passed in April, the latest figures from The UK Cards Association show. The number of debit cards in the UK has grown by 2.7% in the past year, up from 97.6 million to 100.3 million [...]
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60 Danish banks launch NFC mobile wallet
Nets has been selected by Danish banking collective, the BOKIS partnership, to launch a new NFC mobile wallet solution powered by its HCE and tokenisation platform. The BOKIS partnership includes 62 banks that form the small to mid-sized banks segment of the Association of Local Banks, Savings Banks and Cooperative Banks in Denmark, together with [...]
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