EU proposes first set of rules for crypto assets
The European Union has taken a major step forward in its bid to regulate the crypto assets world after its executive branch issued its most extensive proposals to date for supervising the growing sector.
GlobalPlatform applies EMVCo specs on device authentication
Source: Global Platform
GlobalPlatform, the standard for secure digital services and devices, has released a new specification to simplify and bring greater trust to the authentication of digital services on smartphones and biometric-enabled cards.
Decades old software led to Citi's $1 billion transfer headache
Citi says defective software dating from the 1990s was the cause of a $1 billion wire transfer screw up earlier this month.
Barclays reports 66% spike in scams
Barclays is reporting a 66% increase in scams for the first six month of this year, as criminals take advantage of lockdown pressures to line their pockets.
Global Payments heads to the Cloud with AWS
Source: Global Payments
Today, Global Payments Inc. (NYSE: GPN) and Amazon Web Services (AWS), an Amazon.com company (NASDAQ: AMZN), announced a new, multi-year collaboration agreement to provide a cloud-based issuer processing platform to financial institutions around the world.
Visa and Mastercard hit Wirecard with big fines a decade ago - WSJ
Visa and Mastercard both slapped eight figure fines on Wirecard years before the German payments processor's recent spectacular collapse in the face of an accounting scandal, according to the Wall Street Journal.
UK fintech Paymentology upscales Singapore presence
Source: Paymentology
Closely following the expansion of its Middle East office, UK fintech cloud-payment processor, Paymentology has announced a similar focus on Singapore, with the appointment of Matt Bruton as the General Manager for the Asia Pacific region.
Amazon joins Mastercard tokenization initiative
Source: Mastercard
More and more consumers are going online to purchase everything from groceries and food delivery to home improvement goods, apparel and entertainment; as they do, merchants are focused on providing an increasingly seamless experience.
