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Open Banking publishes Open Banking Standards version 3.0

07 Sep 18 @ 16:07

The Open Banking Implementation Entity (OBIE) has announce the publication of the Open Banking Standards, version 3. This update builds significantly on the version of the Standards that launched in... read more

The FCA: Level playing field or more enforcement?

05 Sep 18 @ 14:33

On 1 August 2018, the Financial Conduct Authority (“FCA”) published Consultation Paper 18/21 on ‘General Standards and Communication Rules for the Payment Services and E-Money Sectors’. The consultation closes on... read more

botnet activity in H1 2018: Multifunctional bots becoming more widespread

05 Sep 18 @ 14:26

Kaspersky Lab researchers have published a report on botnet activity in the first half of 2018, analysing more than 150 malware families and their modifications circulating through 600,000 botnets around... read more

MagentoCore card skimmer discovered on thousands of e-commerce sites

04 Sep 18 @ 17:03

In the last months it has been reported that 7,339 (and counting) individual e-commerce sites have been infested with the MagentoCore card skimmer malware in the last six months, making... read more

Counterfeit fraud at US EMV-enabled merchants down 75%

04 Sep 18 @ 14:00

The major payments networks set the path for the US payments industry to begin the shift to EMV chip cards in 2011. One of the leading factors was that chip... read more

The end of POS as we know it?

04 Sep 18 @ 12:53

For most consumers, the worst thing about a shopping trip is the queues. Spotting a queue at POS means consumers may well decide to go elsewhere. Waiting to pay creates... read more

China deepens cryptocurrency enforcement a year after crackdown

03 Sep 18 @ 13:03

China is further tightening its clampdown on cryptocurrency, nearly a year after the government imposed a wide-ranging ban on local exchanges and ICO’s fundraising for digital currencies. Financial officials in an eastern... read more

Alternative payments outnumber traditional payment methods in APAC e-commerce market

03 Sep 18 @ 12:16

Alternative payments methods such as mobile and digital wallets are steadily displacing traditional payment methods such as cards, bank transfers and cash/cheques in the Asia-Pacific (APAC) e-commerce market. GlobalData forecasts... read more

Deploying AI in the payments sector – The key risks and issues

31 Aug 18 @ 15:11

Deploying AI in the payments sector – With the global volume of online payments set to increase by almost 11% a year between 2015 and 2020 (and by as much... read more

The Future of Banking: PCM examines the possible futures of banking

31 Aug 18 @ 13:25

The doom-mongers have long been predicting an existential crisis in banking. Banks are being assailed on every side — by FinTech start-ups, Big Tech and regulators. They must maintain 24/7... read more

Why Synthetic identity fraud on the rise – The battle is just beginning

30 Aug 18 @ 14:53

Synthetic identity fraud is on the rise in 2018. Sophisticated crime rings have access to never-before-seen numbers of compromised records, and they know that most fraud prevention software is fooled... read more

Risk-Based Authentication: How to secure frictionless e-commerce payments

30 Aug 18 @ 14:23

In 2018, banks and retailers are dealing with a new breed of customer: one that expects a fast, seamless online payment experience. When it comes to e-commerce, however, user experience... read more

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Visa turns the card into an identity credential

12 May 26 @ 15:44

Visa has launched a new tap-based authentication technology that could reshape how banks verify customers in mobile banking environments. [caption id="atta... more

FCA probes Paypal, Mastercard and Visa competition

07 May 26 @ 16:30

The UK’s Financial Conduct Authority has opened a competition investigation into PayPal, Mastercard and Visa, examining whether commercial arrangements linked... more

Bank of England Warns DLT Complexity in Settlements

18 May 26 @ 17:07

The Bank of England has found that distributed ledger technology could improve aspects of wholesale payments and settlement, but only at the cost of significant... more