Mobile payments are a very popular trend globally. To make this payment method more secure, Fiserv wants to experiment with a new solution. The...
Finance Articles
Bulgaria holds off on adopting the Euro as a national currency
Several dozen countries are labeled as EU member states. Not all of them effectively use the Euro at this time. Bulgaria has no plans of speeding up...
ECB warns European banks to step up their compliance efforts
The European Central Bank keeps expressing its various concerns. In the latest update, the institution confirms how EU banks fail on the compliance...
Coronavirus forces DBS to evacuate 300 employees in Singapore
The coronavirus outbreak has affected many aspects of daily life. For DBS, evacuating part of its staff from the Singapore office seems absolutely...
N26 will exit the UK challenger bank space come April 2020
Banks and other financial institutions find themselves in an awkward position these days. For N26, a well-known digital bank, the Brexit will have...
Scotiabank prepares for the quantum computing era by exploring encryption alternatives
Quantum computing is destined to make a big impact on society. Scotiabank is preparing for the worst. The financial institution is taking a...
7-Eleven has high hopes for its cashierless store experiment
There are many ways in which technology can change the daily lives of consumers. 7-Eleven is now experimenting with a cashierless store concept....
UK eBay users lose over £1 million in PayPal scams during Q4 2019
Fraud and scams remain two very pressing problems in finance. Despite numerous efforts, this type of behavior will never be eroded completely. In...
WorldRemit taps Alipay for its mobile-first international payments service
The remittance industry can be disrupted in many different ways. WorldRemit is using a very interesting approach to achieve this goal. By partnering...
Bakkt thinks it can fix the broken loyalty points ecosystem
Cryptocurrency users have become accustomed to Bakkt in recent months. While the company provides exposure to bitcoin futures, it is exploring other...
German banks massively hoard cash due to negative deposit rates
Negative deposit rates threaten the financial stability of major banks. In Germany, it seems that most financial institutions are hoarding cash...
Operator of darknet marketplace Cardplanet faces up to 15 years in prison
Dark web marketplaces are on the radar of government agencies. Cardplanet, a market for stolen payment card details, is now shut down. The operator...
Lebanon may be Running out of Financial Reserves in 2020
The financial situation in Lebanon isn't well-documented. It is one of the many regions often overlooked. New reports indicate that the country is...
Karen Karniol-Tambour: “Viable Global Alternatives Will Inevitably Dethrone the US Dollar”
Virtually all of the world's economy hinges on the US Dollar. This has created a rather worrisome situation, as it seems that the strength of the...
Various Revolut Users Struggle to Access or use Their Bank Accounts
Being an active player in the financial sector is no easy feat. Even for challenger banks like Revolut, it can pose some significant problems....
Indian Payment Card Issuers to Disble Contactless and International Transactions by Default
A lot of changes are coming to India's financial ecosystem. Particularly where payment cards are concerned, the landscape will be very different...
4 Reasons to Choose Monzo Over Traditional Banks
When it comes to challenger banks in the UK, several big names are competing for traction. Monzo is one of the biggest players in this market today....
Research Into Central Bank Digital Currencies Takes Shape in the US
There have been numerous discussions regarding central bank digital currencies. China appears to be the only nation ready to really go the distance....
Turkish Banks Transfer Gold via the BiGA Digital Currency
Banks across Turkey are conducting an intriguing experiment. They are now transferring a digital currency representing physical gold bullion. It is...
Criminals Steal Credit Card Data From an Australian Bushfires Donations Site
Criminals will look for any possible weaknesses to make money. Using donation-based events to harvest credit card information is one possible...
MoneyGram Names EbixCash as its Exclusive Remittance Partner in India
Remittance companies prepare to take the next step. MoneyGram currently eyes India as a crucial market for its services. To strengthen local ties,...
Russia Eyes the African oil Market as a Crucial Investment Strategy
Oil remains one of the hottest commodities on the market. While most banks are looking at precious metals and fiat reserves, Russia has a completely...
Travelex “Attack” Forces UK Banks to Suspend Foreign Currency Services
The vast majority of UK banks tends to suffer from IT outages on a regular basis. That situation only grows worse when the Travelex serve falls...
Canadian BMO Bank Branch Puts a Child in Handcuffs Over Fraud Claims
Opening a bank account is a very common practice in the Western world. Not so for Maxwell Johnson and his granddaughter, who nearly got arrested...