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The European Central Bank has warned companies that are stalling on updating their systems that the SEPA deadline is fast approaching and that big-bang upgrades will cause significant problems to payments in the region. Small and medium sized businesses are stalling on updating their payment systems in preparation for the Single Euro Payments Area (SEPA) [...]

The post Disruption to payments systems as SEPA deadline looms appeared first on Payments Cards & Mobile.

HID Global announced that its ActivID Authentication Appliance has been selected by the European Banking Forum (EBF) organisation as the winner of the Most Innovative Security Product in the 2013 Retail Banking Awards. Judges included key experts in the banking sector across Europe. The award recognises and champions excellence as a celebration of success and innovation [...]

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TransferWise, the international money transfer platform started by the first employee of Skype, has launched the world’s first peer-to-peer mobile money transfer app. The free app, which is compatible with iPhone, iPad, and iPod touch, enables users to bypass banks and their ‘hidden fees’ in order to transfer money abroad cost effectively and at the touch of [...]

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Dwolla has taken its first step to move beyond support for cash with the launch of Dwolla Credit. The service is being launched in partnership with Alliance Data Systems (ADS), a provider of branded credit card programs, but Dwolla expects there to be other partners of a similar nature in the future. ADS’s Retail Services [...]

The post Dwolla stakes claim with launch of Dwolla Credit appeared first on Payments Cards & Mobile.

To support financial institutions (FIs) in developing and deploying secure mobile banking applications (apps), e-security solutions provider, Cryptomathic has released a white paper ‘Secure Mobile Transactions – Fact or Fiction?’. The paper not only details the countermeasures that can be applied against current security threats on mobile devices, but also provides clear direction to FIs [...]

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