News in Brief
The Federal Reserve has started a publicity campaign for its FedCash E-Manifest Service.
News - September 26, 2023 midnight Read MoreNews in Brief
The Federal Reserve has started a publicity campaign for its FedCash E-Manifest Service.
News - September 26, 2023 midnight Read MorePayment News
New Jersey, in the US, has made a law limiting surcharges applied by merchants on consumers who prefer to pay by card rather than by cash.
News - September 26, 2023 midnight Read MoreNews in Brief
Austria is looking at including the right to use cash in its constitution. A task force is looking at putting the right to pay with physical money and to guarantee access to ATMs.
News - August 30, 2023 midnight Read MorePayment News
Safaricom has increased both the account and daily transaction limits on its M-Pesa mobile money service from KSh 300,000 to KSh 500,000, approximately $3,477. The limit for an individual transaction remains at Ksh 150,000.
News - August 30, 2023 midnight Read MoreNews in Brief
Planning for the third euro series is underway. The Theme Advisory Group has issued a shortlist of six themes following an internal voting procedure.
News - July 31, 2023 midnight Read MorePayment News
Australia’s Commonwealth Bank is to scrap over-the-counter cash withdrawals at new cashless bank branches. Cash will still be available at ATMs.
News - July 31, 2023 midnight Read MoreNews in Brief
The Dutch Finance Minister has proposed legislation to ensure the provision of cash facilities, at least to a basic level. The legislation builds on the results of a PwC study on the future structure of the system for banknote and coin deposits and withdrawals for consumers and retailers.
News - June 26, 2023 midnight Read MorePayments News
Visa carried out a Consumer Payment Attitudes study in Singapore in October 2022. It found that nearly 90% of Singaporean consumers regard cashless payments and mobile banking to be the most eco-friendly option.
News - June 26, 2023 midnight Read MorePayment News
The latest Federal Reserve Payments Study shows an annual 6.2% increase in the number of card payments between 2018 and 2021. Behind that figure there are fluctuations, a fall in 2020 being offset by a rise in 2021, for example.
News - June 12, 2023 midnight Read MoreEPI Refreshed and With New Impetus
The European Payments Initiative (EPI) was established to build a unified pan-European payment system to rival Mastercard and Visa. Consumers and merchants would be able to use a card, digital wallet and make person-to-person payments. The idea was backed by the European Central Bank (ECB) and 31 banks joined the EPI.
News - May 12, 2023 midnight Read More