UK payments industry RSS

AISP, API, Daily News, E-Commerce, FinTech, Mobile Payments, Mobile Wallet, PISP, PSD2, UK payments, UK payments industry -

The UK Payments industry, along with the rest of Europe, is facing a raft of challenges in the near future, from the proliferation of alternative payment channels, increasingly demanding merchant end-user consumer expectations and the imminent implementation of open data regulatory standards set to unleash competition from FinTech upstarts. Mobile Four out of five UK [...]

The post The changing face of UK payments – Mobile payments and the rise of data appeared first on Payments Cards & Mobile.

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Daily News, Issuing & Acquiring, MasterCard, Mastercard closes the VocaLink deal, Processing & Systems, UK payments industry, VocaLink -

The largest UK banks are set for another windfall with the sale of the bank-owned payments company VocaLink to Mastercard for £700 million ($920 million) – but what are the ramifications for the UK payments industry? NEWS OF THE deal came in July, months after the UK payment systems regulator (PSR) recommended the divestment of [...]

The post What does the Mastercard acquisition of Vocalink mean for the UK payments industry appeared first on Payments Cards & Mobile.

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ACH, ATM, Automatic Clearing House, Contactless, Daily News, E-Commerce, E-Money, FinTech, Fraud & Security, Hannah Nixon, Issuing & Acquiring, Mobile Payments, Mobile Remittance, Mobile Wallet, Payment Systems Regulator, POS Terminals, Processing & Systems, PSR, Regulation, Remittance, UK payments industry -

The UK payments industry is about to see its biggest change in a generation according to the Payment Systems Regulator (PSR). The comments come as the Payments Strategy Forum, a body of experts set up by the PSR, published its Final Strategy for overhauling the current payment systems and putting the interests of those that [...]

The post UK payments industry going through biggest shake-up in a generation appeared first on Payments Cards & Mobile.

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Daily News, Issuing & Acquiring, payments, payments industry, Payments UK, Processing & Systems, UK payments industry, UK payments industry statistics -

An all-time record 44 billion payments will be made in 2024, up 3.4 billion over 10 years, equating to 120 million payments per day. The increase will be driven by rises in card, internet and mobile banking payments, according to new research published by Payments UK, the trade association for the payments industry. The overall [...]

The post UK set to make 120 million payments a day appeared first on Payments Cards & Mobile.

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