Fenergo released its findings on financial institution fines which shows that in December 2019 global penalties totalled $36 billion for non-compliance with Anti-Money Laundering (AML), Know your Customer (KYC) and sanctions regulations. Fines related to AML, KYC and sanctions violations increased i

As mobile shopping continues to grow, consumers are downloading retailer’s mobile apps at double the rate of previous years and conducting more in-app purchases, according to new findings from Synchrony. With the mobile channel becoming critical for retailers, more consumers are using the apps to bu

Oct. 5, 2018 Apple Pay is far and away the leader for mobile wallet transactions, according to new research from Auriemma Consulting Group. The app accounts for 77 percent of mobile wallet transactions, while competitors Samsung Pay and Google Pay account for just 17 percent and 6 percent, respectiv

Argos has become the first retailer in the UK to offer a voice commerce and search shopping services via the Google Assistant platform. While the success is yet to be seen, this should serve as a call to action for retailers that long term market success involves innovation and keeping up with the l

Source: Finextra Apple is launching its own credit card that will be tightly integrated into its mobile wallet and promises to help customers lead a "healthier financial life". Available in the US this summer, the titanium Apple Card is a built into the Apple Wallet app on iPhones and is touting a s

There is much to be shocked by in the unfolding Danske Bank money laundering scandal, such as the simple amount laundered through the Estonian branch of the Denmark-based bank — $234 billion at current count, roughly the size of the entire Danish economy — or the fallout from the event, including

When it comes to subscription services, a new report has found just how much Americans love to share their streaming, shopping, Uber and mobile subscription accounts with family, friends and even exes. The latest Country Financial Security Index , which surveyed around 1,000 US adults, revealed tha

As reported in November 2017, N26 was planning the move. At the time it said the UK was “one of the most advanced markets” in Europe in terms of digital payment methods. It said “non-cash payments and e-commerce are the accepted norm” and reckons there was a demand for a “fully-fledged mobile bankin

source: ATM Marketplace In this day and age, consumers have come to expect digital applications that are speedy, secure, personalized and, ultimately, able to facilitate their various tasks and transactions. When it comes to payments, there are myriad digital wallet options available, offered by pl

Oct. 8, 2018 Whether they’re shopping on their phones or the web, consumers want to be able to do so in a fast, easy way. So, when it comes to accessing their accounts to shop online, the way they are authenticating needs to be a footnote at best. That’s not to say consumers don’t want top-notch sec

Mobile wallet adoption in Asian markets like China, India and Taiwan is much higher than their Western counterparts such as the US, the UK and Germany. According to a new survey published in GlobalData’s 2018 Mobile Wallet Analytics, increasing popularity of smart devices has enabled rapid adoption