NFC World

European Central Bank president Christine Lagarde has reportedly personally intervened to derail Binance’s attempt to secure an EU-wide crypto licence through Greece, according to the Wall Street Journal, raising fresh questions about the relationship between cryptocurrency regulation, stablecoins and Europe’s payments sovereignty agenda. lntervention in Binance MiCA bid raises questions Binance had applied to Greece’s

Britain’s payments overhaul is moving from policy to execution, with the new UK Payments Delivery Company launching an equity raise to finance the development of the country’s next-generation retail payments infrastructure. UK Banks back push for payments infrastructure UK PDC is inviting eligible banks, payment providers and other regulated organisations to become shareholders in the

European e-commerce has broken through the €900bn barrier, underlining the growing importance of digital retail to the continent’s economy while intensifying debate over payments innovation and competition from overseas sellers. European E-commerce Hits €911bn B2C e-commerce turnover across Europe reached €911bn in 2025, according to the 2026 European E-commerce Report from Ecommerce Europe and EuroCommerce,

Nearly 1,000 US merchants have urged a federal judge to reject the latest proposed settlement in the long-running battle over Visa and Mastercard interchange fees, arguing that the agreement offers temporary concessions while preserving the structure they blame for high card acceptance costs. US Merchants mount fresh challenge A filing backed by 978 merchants and

Hackers claiming responsibility for Revolut’s recent data breach say they deliberately targeted 680 customers with significant cryptocurrency holdings, adding a troubling new dimension to an incident already under investigation by regulators. Revolut Hackers claim 680 ‘Crypto Whales’ targeted The group told the Financial Times that it used blockchain analysis to identify high-value crypto customers before

Artificial intelligence is transforming online fraud from a collection of individual scams into something resembling an industrialised criminal supply chain, allowing attackers to operate at unprecedented speed and scale. AI is industrialising E-Commerce Fraud New research from Signifyd finds overall E-Commerce fraud pressure increased 33% year on year during the first four months of 2026,

Revolut has disclosed sensitive information belonging to a small number of customers after fraudsters used a legitimate government agency email domain to submit apparently authentic requests for customer data. Revolut data breach exposes weakness in security The fintech said an unauthorised third party carried out a sophisticated impersonation attack that resulted in information being released

The European Central Bank is inviting online and mobile merchants to participate in its forthcoming digital euro pilot, moving the project another step closer to testing how a central bank digital currency could operate within Europe’s everyday payments ecosystem. ECB recruits Merchants for Digital Euro pilot The 12-month pilot is scheduled to begin in the

Artificial intelligence is already embedded across European banking. More than 85 per cent of banks supervised by European authorities now use AI, according to the European Central Bank. The next challenge, however, is considerably more complicated: what happens when those systems are given authority to act? When AI Moves Money, Banks Face a New Challenge

The World Bank Group is putting its balance sheet behind a $700mn initiative designed to help banks and fintechs in emerging markets overcome one of the less visible barriers to participating in the global payments system: settlement risk. World Bank backs $700mn initiative to boost access The International Finance Corporation (IFC), the World Bank Group’s