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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

ECB urges banks to leave Russia as assets are seized

20 May 24 @ 14:10

The European Central Bank (ECB) is urging European banks with operations in Russia to withdraw as quickly as they can for two reasons: 1) they could be hit by US... read more

The essential games to live casino sections

20 May 24 @ 08:52

The purpose of online casino websites is player entertainment. They’ll have nice offers and tournaments, but players are there for the games. Table games and slots will entertain the majority of players, but live... read more

PCM exclusive: acquiring transactions from Asia

17 May 24 @ 16:25

The global economy is rebalancing towards Asia. As this happens, acquirers and merchants in Europe and North America would be wise to think about how Asian consumers want to pay... read more

AI will make chargeback fraud easier

17 May 24 @ 16:06

The current interest in generative artificial intelligence (AI) has caused some to conclude that we may see a new wave of AI-enabled fraud. However, the payments industry shouldn’t overestimate the... read more

Iberpay and Santander sign up to OCT Inst Scheme

17 May 24 @ 15:55

Amidst the not so friendly rumblings within the Spanish banking sector, Iberpay and Santander have signed up to become the inaugural participants in the One-Leg Out (OLO) Instant Credit Transfer... read more

U.S. Faster Payments Council on Instant Recurring Payments

16 May 24 @ 16:59

The U.S. Faster Payments Council (FPC) has published a report titled, Navigating Instant Recurring Payments: Consumer, Business, and Financial Institution Perspectives. This comprehensive needs assessment offers strategic insights into the... read more

Cost of living crisis drives 118% increase in prepaid card use

16 May 24 @ 16:20

Despite Britain announcing last week that it is officially out of recession, consumers continue to be wary and are increasingly turning to prepaid cards and adjusting their spending habits to... read more

A2A payments: thriving through government support

16 May 24 @ 13:24

New data from The Global Payments Report 2024 from Worldpay shows Account-to-Account (A2A) payments thriving in emerging markets – as well as some developed markets. Around the world, A2A payments are... read more

Tokenization opens new frontiers for value creation

15 May 24 @ 16:57

Payment providers are considering tokenization and blockchain-based decentralized finance systems to enhance transaction transparency, auditability and exploring various other use cases. Financial institutions and intermediaries are increasingly embracing the adoption... read more

Trending

ECB brings Central Bank money to tokenised market

23 Sep 26 @ 14:34

The European Central Bank has taken a significant step towards integrating distributed ledger technology with Europe’s core financial infrastructure, launchin... more

European E-commerce Hits €911bn as Payments Reshape Online Retail

21 Sep 26 @ 19:41

European e-commerce has broken through the €900bn barrier, underlining the growing importance of digital retail to the continent's economy while intensifying ... more

Inside A7: How Russia built a parallel cross-border payments network

24 Sep 26 @ 16:29

Russia’s attempts to circumvent Western financial sanctions have developed into a sophisticated parallel payments architecture combining traditional banking, ... more