American Express is to appeal a US Federal Court ruling that its exclusivity conditions constitute an unlawful restraint of trade, contending that the judgment would harm competition by further entrenching the two dominant payment networks, Visa and MasterCard.
Digital payments upstart Stripe has added support for bitcoin, enabling merchants to accept the crypto-currency through just a single line of code.
Despite the rise of online and mobile banking, there has been only a modest decline in the number of branches in the US over the last few years, according to research from the Federal Deposit Insurance Corporation (FDIC).
A Russian national has appeared in federal court in Newark after being extradited from the Netherlands to face charges that he conspired in the largest international hacking and data breach scheme ever prosecuted in the United States.
The Financial Conduct Authority (FCA) is to launch its first wholesale market study into investment and corporate banking to assess whether competition in the sector is working properly.
Pay.gov, the US Government's Web portal for collecting payments for federal agencies, has opened up to digital wallets from PayPal and Dwolla, as part of an ongoing effort to move away from paper-based processes to more efficient and secure electronic transactions.
The sub-Saharan mobile money revolution is set to net providers such as telcos and banks as much as $1.5 billion in fees by 2019, according to research from the Boston Consulting Group (BCG).
Over 100 developers from 15 teams crammed into a co-working space at Fishburners in Sydney for the launch of MasterCard's first-ever global hackathon series, exceeding the card scheme's aspirations for the event.
Samsung has agreed a deal to buy mobile wallet outfit LoopPay, giving the electronics giant a new weapon in its brewing battle with Apple for the m-payments market. Financial terms have not been disclosed.
The United States Marshals Service is preparing to auction another 50,000 bitcions - worth around $11.7 million at current prices - seized in connection with the Silk Road dark web marketplace.
© Finextra Research 2015