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Worldpay marks the PoC for VR payments

worldpay

Researchers at Worldpay are investigating how shoppers can pay using a credit or debit card while remaining within a virtual environment. As part of its real ambitions, the payments firm has created a proof of concept (PoC), with the aim to provide the “same levels of convenience, and security” that shoppers have in-store and online, […]

Payments UK predicts debit cards to overtake cash in 2018

uk flag

Rapid growth in the use of contactless cards means cash will be overtaken as Britain’s most frequently used payment method by the end of 2018, according to trade association Payments UK (soon to become UK Finance). Despite this surge, its latest forecast still does not herald the demise of cash – even in ten years’ […]

CFPB structure hangs in the balance

US prepaid consumers not happy

Oral arguments in PHH Corp. et al v. CFPB (the US Consumer Financial Protection Bureau) were held yesterday (24 May) in front of all active judges from the Federal Court of Appeals for the Washington DC Circuit, following the CFPB’s successful appeal for an en banc hearing. At stake: the conditions under which the president may […]

Quebec Bill would ban expiration of loyalty points

The fleur-de-lis of Quebec

Canadian Minister of Justice Stéphanie Vallée has introduced legislation (Bill 134) to update Quebec’s Consumer Protection Act (CPA). Among the legislation’s stipulations, companies would be prohibited from allowing consumers’ loyalty points to expire on a set date or by a certain time period. Banking Technology‘s sister publication Paybefore reports that companies would also have to provide consumers’ details […]

Bank for International Settlements unveils code for special FX

Bank for International Settlements HQ, Basel. Image source: Taxiarchos228, Wikimedia Commons

The Bank for International Settlements (BIS) has unveiled its FX Global Code, a set of global principles promoting good practice in the foreign exchange (FX) market. The code has been developed by a partnership of central banks and market participants from 16 jurisdictions for “integrity and effective functioning”. Many organisations are welcoming the code, such […]

Amsterdam Trade Bank revamps tech with Misys and Sentia

Michel Hofman, ATB

Amsterdam Trade Bank (ATB) is undergoing a major technology overhaul with Misys as a key partner. The bank is implementing Misys’ solutions from the Fusionbanking and Fusioncapital portfolios to modernise its corporate banking, treasury and capital management (TCM) and trade finance operations.

Europe strives to standardise cybersecurity

land area in Europe the night

The EU Network and Information Security Agency (ENISA) has joined forces with the semiconductor industry in a bid to improve the continent’s cybersecurity, reports Telecoms.com (Banking Technology‘s sister publication). As ever region-wide initiatives such as this tend to be glacial affairs, but this announcement comes at a time when both cyber and physical security are […]

Nasdaq looking cool with Chile CSD tech revamp

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Chile’s central securities depository (CSD), Depósito Central de Valores (DCV), has chosen Nasdaq to revamp its technological infrastructure. Under the agreement, Nasdaq’s CSD solution will include trade and instruction management, settlement, custody, corporate event management and registry capabilities; and full coverage for all types of securities and multi-currencies. In addition, it will support settlement with […]

Gemalto bus-ts a move with GDPR double decker delight

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Should you hear a vehicle trundling down your litter-strewn UK street don’t all rush out assuming it’s an ice cream van. Calm yourself and your desires for a gigantic calorie-drenched concoction, and instead prepare for Gemalto’s GDPR Clinic. Before you ask WTF? (i.e. what the fintech) – this is payments firm Gemalto and its double […]

Dubai regulator unveils fintech innovation licence to thrill

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The Dubai Financial Services Authority (DFSA) will allow firms to apply for a financial services licence as it seeks to boost innovation in the region. As reported in March, DFSA issued a new consultation paper and proposed its licence plans. The licence, known as an Innovation Testing Licence (ITL), will allow qualifying firms to develop […]

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