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Account takeover fraud is growing fast – There’s a better way to stop it

10 May 20 @ 12:31

Account takeover (ATO) is a major issue for any business looking to protect customer data in the digital environment – and these days, that means pretty much everyone. Adam Lee,... read more

IBM, R3, Mastercard join digital identity consortium Trust over IP (ToIP)

06 May 20 @ 15:47

The Linux Foundation has launched the Trust over IP (ToIP) Foundation with the aim of creating digital identity standards to enable parties to share data with trust. Aiming to ensure interoperability... read more

FCA delays Strong Customer Authentication – EBA under pressure to follow

06 May 20 @ 12:20

The UK’s Financial Conduct Authority (FCA) has delayed the implementation of Strong Customer Authentication (SCA). This is the second delay is has authorised. Last year, the FCA extended the deadline... read more

The World Bank predicts global remittances will fall by 20% this year

06 May 20 @ 11:18

Remittances have played an increasingly important role in the economies of many low-income countries as migrants around the world have been sending an increasing amount of money home in recent... read more

Visa and Mastercard hit quarterly revenue estimates despite COVID-19

04 May 20 @ 15:18

Despite tough trade winds, both Visa and Mastercard have been able to post good quarterly results. Shares of Mastercard rose after it posted Q1 earnings that exceeded expectations. Adjusted earnings... read more

Instant Payment Card: Initiating a SEPA Credit Transfer at the POS

04 May 20 @ 14:51

Smart Payment Association (SPA), the global trade body of the smart payments industry, has published proposals for an Instant Payment Card that would extend SEPA instant Credit Transfer functionality to... read more

Traditional Bank apps surge but Challenger bank app downloads slump

01 May 20 @ 14:06

New research from Nucoro reveals that between 14th March and 14th April, because of the COVID-19 lockdown, around 12% of the adult population in the UK – some 6 million... read more

Finablr uncovers further $1.3 billion in hidden debt as scandal widens

01 May 20 @ 10:48

Embattled foreign-exchange business owner Finablr, has uncovered about $1 billion of debt hidden from its board that may have been used for purposes outside of the company, compounding a scandal that... read more

EPIF calls for delay to Strong Customer Authentication due to COVID-19

01 May 20 @ 09:47

The European Payment Institutions Federation (EPIF) has called for a delay to the implementation of Strong Customer Authentication (SCA) of at least six months in a letter dated 24 April 2020,... read more

China starts trial of Central Bank Digital Currency

01 May 20 @ 09:33

China will begin trialling payments of its new Central Bank Digital Currency in four major cities, according to domestic media. In recent months, China’s central bank has stepped up its... read more

Report: Artificial Intelligence & machine learning in financial services

30 Apr 20 @ 10:25

There aren’t many technologies that have captured the imagination of futurists in the financial services quite like Artificial Intelligence (AI). While images of autonomous cars, robot servants, and Skynet-like uprisings... read more

2020 vision in COVID-19 – the crisis that changed payments

30 Apr 20 @ 09:17

2020 so far has not been quite what anyone expected. There are no flying cars, no hoverboards, no teleportation – and thankfully we haven’t been forced to survive on fried... read more

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Global Banks set ground rules for Agentic Commerce as Fraud and Liability risks rise

27 Sep 26 @ 18:53

Six major banks have joined forces to establish principles for trusted agentic commerce, warning that the rapid adoption of AI shopping agents could outpace exi... more

Mastercard and BVNK Launch Platform Linking Fiat and Stablecoin Payments

20 Oct 26 @ 09:06

Mastercard has launched a new platform with BVNK that brings fiat currencies and stablecoins together through a single API, marking the first major integration ... more

UK Banks complete first live transactions using Tokenised Deposits

27 Sep 26 @ 18:52

Seven major UK financial institutions have completed the first live customer transactions using tokenised sterling deposits, marking an important step in Britai... more