Swedes are increasingly drifting away from cash, according to a new report released by the Swedish Federation of Trade (Svensk Handel). ) with four out of five purchases in Sweden made electronically (either by debit or credit). Get the Full Story Complete the form to...
The Baltic country Estonia — about the population of Dallas, Texas — embraces a niche in the payment world with its use of national identity cards that offer capabilities to access banking services, conduct government services, among other non-traditional payment features. Get the Full Story Complete...
After initial signs that MasterCard might resist new rules, which required billions of dollars of security deposits, the card brand has now agreed to continue operating in Russia and to give in to new rules set by the Central Bank of Russia, according to a...
U.K.-based P2P trade-finance platform MarketInvoice is expanding into Europe and reaching out to retail investors, according to Global Trade Review. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
A new very sophisticated set of attacks on European ATMs—using malware that has now spread to U.S. ATMs—involves knowing the time of day when the ATM malware is expecting instructions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The details are continuing to leak out from the massive Chase attack this summer, with the New York Times now reporting that a dozen other financial institution were attacked, including Fidelity Investments and E*Trade, which were “victimized in some way by the attacks.” Get the...
Against the backdrop of global political tensions and tit-for-tat diplomatic and economic sanctions involving Russia and the United Nations, Russia is publicly rethinking how it wants to handle payments. Partly, this is so that Russia can try and isolate and protect itself from external economic...
Remittances to developing countries are expected to reach $435 billion this year, representing a 5 percent increase over 2013. Remittances also grew faster this year–in 2013, the annual growth rate was around 3.4 percent. The main drivers for growth were Asia and South America. Get...
Italian taxpayers may have been cheated out of 8.5 billion kroner ($1.4 billion) in a cap and trade scandal that saw various European nation’s trading carbon emission credits with a fake company that seemed to exist merely to harvest money from the carbon trading market....
