Latest Industry News RSS

At a recent parliamentary inquiry, a senior Bank of England official said the UK banking sector is still a “long way away” from addressing deficiencies in its “antiquated” bank IT systems. Sam Woods, a director in the Prudential Regulation Authority (PRA), was giving evidence to the Northern Ireland Affairs Committee at Westminster – according to Finextra. [...]

The post UK bank IT systems called into question appeared first on Payments Cards & Mobile.

PKO Bank Polski and EVO Payments International successfully completed EVO’s acquisition of a 66% interest in eService, PKO’s existing merchant acquiring business. In addition, the parties also entered into a 20 year strategic alliance under which the parties will continue to develop eService as a leading merchant acquirer in the region. Under the terms of [...]

The post PKO Bank Polski finalize sale of merchant acquiring business appeared first on Payments Cards & Mobile.

Zimbabwe has begun imposing a mobile money tax on transactions after intense lobbying from the Bankers Association of Zimbabwe (BAZ) for the Zimbabwean central bank to regulate mobile money services “to create a level playing field” in the financial services sector. The banks had been involved in a bitter dispute with Econet Wireless, the country’s [...]

The post Central Bank imposes mobile money tax after bitter dispute appeared first on Payments Cards & Mobile.

Thames Card Technology (TCT), one of the UK’s largest manufacturers of secure chip credit, debit, prepaid, gift and loyalty cards, announced growth capital investment of £3.2 million from independent UK investment firm, BGF. The equity finance deal will fortify the company with both manufacturing equipment and senior operating and business development personnel, enabling the firm [...]

The post £3.2m equity finance investment for secure chip provider Thames Card Technology appeared first on Payments Cards & Mobile.

The European Payments Council (EPC), representing the European banking industry in relation to payments, together with the Cards Stakeholders Group (CSG), today published version 7.0 of the SEPA Cards Standardisation Volume (the SCS Volume), ready for market implementation. This document defines a standard set of requirements to ensure an interoperable and scalable card and terminal [...]

The post SEPA Cards Standardisation Volume ready for market implementation appeared first on Payments Cards & Mobile.