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“Shimming” versus “Skimming”: ATM service operators must take action

30 May 24 @ 14:25

In the last six months, two reports from Europol[1] and from the European Association for Secure Transactions (EAST)[2] reveal that the threat against ATM services is rising, especially when it... read more

PayPal to build new advertising platform

29 May 24 @ 17:41

PayPal will drive the creation of a new advertising platform with the intent to strengthen the company’s consumer value proposition. Mark Grether will join as SVP, General Manager, PayPal Ads, and John... read more

Pay.UK’s fraud detection pilot exceeds expectations

29 May 24 @ 14:24

Pay.UK, the operator of the UK’s national retail payments system including Faster Payments, Bacs and Direct Debit, has announced the results of its pioneering fraud detection and prevention pilot in... read more

Software attacks on ATMs are rising – here’s how to stop them

28 May 24 @ 12:46

As losses from software attacks rise, ATM operators should seek wide-ranging protection. In banking and payments, conventional wisdom says cash use is decreasing and ATM services are losing relevance. While... read more

US moves to regulate BNPL the same as credit cards

24 May 24 @ 09:07

The U.S. Consumer Financial Protection Bureau (CFPB) issued a new interpretation under the existing Truth in Lending Act. It states that BNPL (buy now, pay later) companies must provide the same... read more

Credit card payments market worth $1.22 trillion in 2032

24 May 24 @ 08:54

The credit card payments industry is undergoing substantial expansion propelled by technological advancements and the growing acceptance of digital transactions. The sector holds importance in the world economy as credit... read more

Mastercard hits dark web fraudsters with Gen AI

23 May 24 @ 16:21

As fraudsters seek new ways to exploit technology, Mastercard is using Gen AI to double the speed at which it can detect potentially compromised cards, further protecting cardholders and securing... read more

Google Pay pushes BNPL and drops CVV for biometrics

23 May 24 @ 15:56

Google has introduced three new Google Pay features that they say have been developed listening to direct customer feedback. According to their website, Shoppers tell them the three things they care... read more

Shoppers spending 10% more with new Trustly technology

23 May 24 @ 15:00

Trustly says that its proprietary data engine, Azura, has changed consumer payment behaviour across European markets. Such changes include increased frequency and value of payments, faster transactions, and an increase... read more

Annual fraud report: £1 billion is stolen in 2023

22 May 24 @ 10:35

UK Finance has releases its 2024 annual fraud report, detailing the amount its members reported as stolen through payment fraud and scams in 2023. “Nearly £1.2 billion was stolen from... read more

Fighting deepfakes has become a billion pound industry in the UK alone

22 May 24 @ 08:54

ID Crypt Global says that to combat the rapid rise in deepfake technology interfering with life in the real world, the Fraud Detection Software sector has grown by almost 200%... read more

UK market: Facilitating commercial Variable Recurring Payments

22 May 24 @ 08:45

UK Finance, in association with law firm Addleshaw Goddard, has published a report on the use of model clauses to support the development of the Variable Recurring Payments (VRPs) for... read more

Why Casino fans go for online slots?

22 May 24 @ 08:00

There are many titles available in a casino gaming section. Some of them are classic table games, while others are live titles and specialty games. However, most casino fans go... read more

The next steps for B2B embedded finance – A $55 billion market

21 May 24 @ 15:49

B2B SaaS product managers are now forced to look for ways to create more value for their customers, in order to increase retention and ARPU (average revenue per user). While... read more

Card schemes do not face effective competition in UK

21 May 24 @ 13:11

The Payment Systems Regulator (PSR) has released its provisional findings into its “Market review of card scheme and processing fees” interim report, finding that the cards schemes do not face effective... read more

Nets to offer Klarna payment methods in the Nordics

21 May 24 @ 12:43

Nets and Klarna have entered a partnership that will bring Klarna’s payment methods to Nets’ Nordic merchant customers. Klarna’s payment options will be integrated into the Nets checkout for e-commerce merchants... read more

Mobile banking fraud soars – as do mobile phone thefts

20 May 24 @ 16:54

The latest figures released by UK Finance highlight that fraud fell in the first six months of 2023 with a total of £580 million being stolen by criminals. This is... read more

The changing landscape of online payment methods in Europe

20 May 24 @ 16:32

The European payments landscape is undergoing a significant transformation, with Visa and Mastercard losing their dominant online payment positions in several markets. This shift indicates a substantial change in consumer... read more

Trending

Revolut eyes an IPO, but the valuation story is the real headline

21 Apr 26 @ 14:35

Revolut is beginning to sound more like a future public market heavyweight than a fast-growing European fintech. Chief executive Nik Storonsky has said the com... more

American Express launches agentic commerce developer kit

16 Apr 26 @ 11:46

American Express is positioning itself early for what could become one of the next major shifts in digital payments: AI agents that do more than recommend produ... more

Banks to reinforce cyber defences as AI changes the threat model

22 Apr 26 @ 19:36

Banks are hardening their cyber defences as artificial intelligence begins to alter the economics of digital attacks. For financial institutions, the challenge ... more