What's New in Payments

European Central Bank sets out case for a digital euro

European Central Bank digital euro CBDC

The introduction of a digital euro “would support Europe’s drive towards continued innovation”, “strengthen the international role of the euro” and provide consumers with “free access to a simple, universally accepted, risk-free and trusted means of payment”, according to a new report published by the European Central Bank (ECB)... More




NFC World

STMicroelectronics opens NFCW Expo showcase

NFCW EXPO: STMicroelectronics has opened a preview of its showcase in the NFCW Expo, ahead of the online trade show’s launch next week, enabling readers to access webinars and white papers exploring the latest NFC trends and learn about its NFC product range... More



What's New in Payments

Visa files central bank digital currency ecosystem patent

Visa digital currency diagram for patent

Visa has filed an application for a patent that sets out a way for a central bank to take fiat money that is currently in circulation, digitize it, remove the converted physical currency from circulation and then enable consumers and merchants to conduct transactions using a digital wallet “stored on a chip of a smartcard or a secure element of a user device”... More



What's New in Payments

Facebook scales back its digital currency plans

Facebook-backed Libra cryptocurrency project is scaled back — The New York Times — “The Libra project will now focus on creating a more traditional payment network in which coins will be tied to a local currency, somewhat like the digital dollars in a PayPal account. While Libra will also have a coin backed by multiple national currencies, which was the focus of the initial design documents, that will be less prominent.”