Saturday, July 11, 2020
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Generation Z ready for biometric security

16 to 24 year old consumers in the UK have the greatest appetite for biometric security measures and the greatest need to use them in place of traditional authentication such as passwords. Research from...

Citibank launches paperless mobile payment system

Citibank India announced a new paperless mobile payment system for its credit and debit card customers that would do away with the charge slips and be implemented for the entire global network of its...
Nordea sacks Nets and teams with Danske on payment app

Nordea sacks Nets and teams with Danske on payment app

Newly IPO'd Nets shares took a bashing as Nordea Bank dropped the electronic payment system it was developing with Danish banks and instead teamed up with its main rival in Scandinavia, Danske Bank, to...

Secure mobile, digital identity

CardLogix and charismathics have announced that they have formalized their partnership. charismathics is now a Smart Partner, supporting its solutions with CardLogix SIMs and smart cards. Together, these products form an ideal solution for securing...
The Zapp app

Barclays shuns Apple Pay and sign Zapp

Barclays has signed a deal with the digital payments service Zapp, enabling customers to make online transactions through the “pay by bank” application on mobile devices. The tie-up comes a week before the launch of...
Open access, Open banking and Open APIs

UK’s Open Banking initiative goes live after managed roll out

The Open Banking initiative in the UK has finished a three-month managed roll out programme, leaving regulated companies free to start offering Open Banking related services. Since mid-January, the Open Banking Implementation Entity has carried...
Mobile-Banking-Functionality-Use-by-Age

Mobile banking and its use as a payments channel

58% of US smartphone users have downloaded a mobile banking app for their primary checking account, and 50% of US smartphone users (including 68% of those under 35 and 31% of those 55 and...

Lloyds TSB launches ‘Balance on Demand’ service

Lloyds TSB has become the first bank in the UK to launch 'on demand' text message balance updates for its customers. The new 'Balance on Demand' service means that customers can request an up to...

The future of banking: Digital super stores

By 2025 leading banks will be operating as digital financial superstores that blur the line between technology companies and banks, according to a new report from Greenwich Associates. The Future of Banking: 2025 traces the...
Vipps, BankAxept, BankID

Norwegian banks to combine payment units Vipps, BankAxept, BankID

DNB, banking group Eika, Sparebank 1 Gruppen and other Norwegian banks said on Friday that they agree to combine their various payment units Vipps, BankAxept and BankID Norge to improve product offering and prepare for...

Latest News

Payment industry history with first AES DUKPT key management implementation

Verifone says it has implemented AES DUKPT with its end-to-end encryption solution, VeriShield Total Protect, its Engage family of payment devices, and Carbon 8 & 10. Co-designed by Verifone, AES DUKPT...
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