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Western Union to pay $586m for violating US money-laundering laws

  • 06,44,20,01,2017

Western Union has agreed to pay $586m and admitted to criminal violations including willfully failing to maintain an effective anti-money laundering (AML) program and aiding and abetting wire fraud. read more

DBS Bank launches overseas payments service

  • 06,17,20,01,2017

Singapore’s DBS Bank has unveiled an overseas payments service to help customers avoid high foreign exchange (FX) and conversion fees on making overseas payments. read more

Amex Q4 net income down 8.2%

  • 00,00,20,01,2017

American Express (Amex) has reported a net income of $825m, or $0.88 per diluted share, for the fourth quarter ended 31 December 2016, a decrease of 8.2% compared to $899m, or $0.89 per diluted share, for the same period of 2015. read more

Daimler Financial Services takes over PayCash Europe

  • 11,12,19,01,2017

Daimler Financial Services has announced plans to acquire Luxembourg-based electronic payment services provider PayCash Europe for an undisclosed sum. read more

AnaCap snaps up controlling stake in Heidelpay

  • 11,05,19,01,2017

Private equity firm AnaCap Financial Partners has agreed to acquire a controlling stake in German online payment firm Heidelpay. read more

EBA Clearing kicks off testing pan-European instant payments system

  • 11,04,19,01,2017

EBA Clearing, a provider of pan-European payment infrastructure, has commenced the testing phase for its pan-European instant payment infrastructure platform, which is slated to go live in November 2017. read more

Latest Special Reports More

Cash dominance facing erosion in Canada and the US

  • 16,06,19,12,2016

Separate surveys by Payments Canada and the US Federal Reserve indicate that cash continues to be the dominant payment method in both countries. However, the dominance of cash is being challenged by growing electronic payment adoption in Canada and the US, Robin Arnfield reports read more

The Digital Banking Club: Can bots be bankers?

  • 10,56,16,12,2016

As soon as new technology appears, the banking industry wonders if it can be applied to the financial sector. The latest additions are chatbots, which are AI-enabled messaging services. However, can these be utilised successfully? And will customers consider them to be a helpful addition? Patrick Brusnahan writes read more

Digital ID verification and mobile payments- one tough nut to crack

  • 10,54,13,12,2016

So far, digital identity credentials have been the missing piece in the mobile wallet puzzle, making mobile payments vulnerable to fraud involving stolen card accounts. Robin Arnfield profiles two US fintech firms that want to fill this gap with technology to store ID documents in digital form on smartphones read more

Latest Comments More

PSD2 to spur digital ID uptake in 2017

  • 12,50,16,01,2017

Digital ID providers will become a major part of the European payments landscape in 2017 as a response to stronger EU regulatory requirements. read more

UK leads online commerce market by spending per household

  • 15,20,21,12,2016

The average UK household spent $5,900 over the year, or 9% of the average household final consumption expenditure (HFCE) for the UK in 2015 and the most on average through all online channels in 2015. Sam Murrant, Consumer Payments senior analyst, Verdict, writes read more

2017 outlook: Addressing fraud in Asia

  • 00,00,21,12,2016

The rise of payments on digital and mobile channels has led to more sophisticated fraud across the Asia-Pacific region. This is evident even in countries with mature digital payment infrastructures, writes Samantha Humphrey, senior fraud solutions consultant at ACI Worldwide read more

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