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On the flip side of the arguments over the benefits of cash to society, one group is arguing that electronic payment methods such as cards and mobile may in fact be fuelling financial exclusion by making it more difficult for consumers to pay with cash. A study on the impact of new payment systems and [...]

The post Are electronic payments fuelling financial exclusion? appeared first on Payments Cards & Mobile.

In a stark reminder about the costs of cash to society, a team of academics in Berlin have released the results of a study which shows that the total cost of handling physical cash in the German economy has been estimated at €12.5 billion per year. The study, conducted by the Research Centre for [...]

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The war on cash continues unabated, fuelled by payment players and other vested interests who have long cited that the cost of cash is a detriment to society as a whole. However, cash has found a somewhat surprising ally in the Dutch central bank (De Nederlandsche Bank or DNB), which has stated that it is [...]

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Figures released by Adyen show that worldwide mobile payments transactions on its platform have increased by 75% over the last 10 months, with the total percentage of mobile transactions increasing from 8.2% in June 2012 to more than 13.8% in April 2013. Europe leads the world with 15.3% of all transactions made using a mobile [...]

The post Mobile transactions growing strongly worldwide appeared first on Payments Cards & Mobile.

The latest twist in the ongoing battle over interchange between US merchants and Visa and MasterCard has seen a group of around 30 merchants, including giants such as Amazon and 7-Eleven, filing a lawsuit against the payment schemes. The move follows the settlement of a class action lawsuit in 2012 for $7.25 billion between merchants [...]

The post Visa and MasterCard face another US interchange lawsuit appeared first on Payments Cards & Mobile.