Industry news

Bank customers will be able to use their complete transaction histories from July 1 next year to get a better deal on savings accounts and credit cards in a gradual introduction of the open banking regime, which challengers say will put downward pressure on borrowing costs. The government has accepted…

Deutsche Bank announced on Monday it would launch a joint project with airline industry association, International Air Transport Association (IATA), to test a disruptive new payment model. The new system for web-based ticket sales to passengers was scheduled to be rolled out across Europe from the end of 2018. The German…

Amazon.com Inc. is offering to pass along the discounts it gets on credit-card fees to other retailers if they use its online payments service, according to people with knowledge of the matter, in a new threat to PayPal Holdings Inc. and card-issuing banks. The move shows Amazon is willing to…