PCM Issue Issuing & Acquiring RSS

The total number of card payments worldwide increased by 14 percent to 310 billion in 2016, notably higher than the eight percent increase in card numbers, according to RBR’s Global Payment Cards Data and Forecasts to 2022. In all regions, consumers are increasingly choosing cards to make purchases. CARD PAYMENTS TO GROW TWICE AS QUICKLY [...]

The post CARD PAYMENTS TO HIT 500 BILLION appeared first on Payments Cards & Mobile.

With the deadlines for PSD2 and GDPR implementation approaching, 2018 is set to be the year of new legal frameworks for European merchant payments. Compliance challenges come with threats and new business opportunities. The payments ecosystem anticipates new value propositions, services and solutions from new entrants, financial institutions and FinTech companies. PSD2 opened access to [...]

The post SHOULD THE MERCHANT PAYMENTS ECOSYSTEM WORRY ABOUT GDPR AND PSD2? appeared first on Payments Cards & Mobile.

Digital payments are growing rapidly in Asia, fuelled by increasing smartphone ownership and growing access to the internet. An increasing array of solutions such as digital wallets, mobile payment apps and stored value cards are making money transfers, be it remittance or payments of goods and services, simpler and more convenient, according to a bulletin [...]

The post A FRESH LOOK AT ASIA’S PAYMENT LANDSCAPE appeared first on Payments Cards & Mobile.

JPMorgan Chase is set to launch a new interbank payments platform powered by the Quorum enterprise-ready distributed ledger and smart contract Blockchain platform. With the participation of two other banks – Australia-based ANZ and the Royal Bank of Canada (Australia) – the interbank information network (IIN) will be built on Quorum, the Ethereum-based Blockchain network first unveiled last [...]

The post JP MORGAN BLOCKCHAIN PLATFORM appeared first on Payments Cards & Mobile.

Nikolay Nikiforov, Russia’s minister of communications, has revealed that President Vladimir Putin has given the go-ahead for a new cryptocurrency dubbed the crypto-rouble, reports CoinTelegraph, claiming local news sources. The Russian form of cryptocurrency will not be as open as popular options such as Bitcoin; the state would control it. However, they will use Blockchain to enable decentralisation. There [...]

The post RUSSIA TO LAUNCH NATIONAL CRYPTOCURRENCY appeared first on Payments Cards & Mobile.