Daily news

17 Feb 23 @ 18:15

The EU’s second payment services directive (PSD2) included revolutionary concepts – but also accusations of adding friction for consumers. With the European Commission having closed its public consultation on PSD3,... read more

17 Feb 23 @ 18:04

Quantum computers have the potential to break cryptographic schemes, such as Rivest–Shamir–Adleman (RSA) and Elliptic Curve Cryptography (ECC); these are used in EMV card payment systems for offline authentication to... read more

16 Feb 23 @ 16:31

Here’s some good news: fraud is going down. Or at least, the number of companies affected by fraud has decreased slightly since 2018, according to a new PwC study. However,... read more

16 Feb 23 @ 16:18

A new study has found the number of virtual card transactions, randomly generated card numbers linked to a payment account, will exceed 121 billion globally by 2027; increasing from 28... read more

15 Feb 23 @ 17:54

In the last six months we have seen some of the biggest names in payments, especially in the last few weeks announce, “strategic reviews of their businesses”. It seems to... read more

15 Feb 23 @ 17:01

BNPL has, to date, managed to escape regulations aimed at other interest-bearing loans. In the UK, where the BNPL market was worth £5.7 billion in 2021, as with regulators in... read more

14 Feb 23 @ 18:56

The European Payments Initiative (EPI), launched to some fanfare in 2020, was supposed to offer a payments solution “catering and corresponding to European needs.” But as the EPI’s scope changes... read more

14 Feb 23 @ 17:09

The last year saw substantial change for consumer payments. BNPL (Buy Now, Pay Later), mobile payments and SoftPOS entered the mainstream, while CBDCs took another major step forward. But what’s... read more

13 Feb 23 @ 18:27

A new study has found that global Open Banking payments transaction values will exceed $330 billion globally by 2027; up from $57 billion in 2023. The report predicts that the... read more

13 Feb 23 @ 12:00

Currently, traditional methods, such as cash, bank transfers and payment cards, dominate the payment landscape; however, crypto payments are gaining significant traction. According to Visa, Cryptocurrency transactions worth $2.5 billon... read more

10 Feb 23 @ 13:29

The BNPL payment industry in UK has recorded strong growth over the last four quarters, supported by increased e-commerce penetration. BNPL payments are expected to grow by 20.1% on an... read more

10 Feb 23 @ 11:11

For decades, banks have acted as the trusted custodians of customers’ personal data, with strong Know Your Customer (KYC) procedures, strict regulation, high customer engagement, and best in class security... read more