Showing results for 'AI' in Articles
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Visa prepares major A2A payment upgrade with UK launch

10 Oct 24 @ 10:05

Visa is gearing up for the 2025 launch of its A2A payments (Account-to-Account) in the UK, marking a significant advancement in its involvement in the country’s payments landscape. With the predicted... read more

A2A payments set for explosive growth by 2029

09 Oct 24 @ 16:35

A new study has revealed that A2A payments (Account-to-Account) are poised for rapid global growth, with transaction volumes expected to rise from 60 billion in 2024 to an astounding 186 billion... read more

Report: Instant payments to herald a second digital finance revolution

09 Oct 24 @ 15:51

A new report from FIS argues that the current shift to instant payments – set to total more than one in three transactions by 2030 – represents the start of a... read more

Crypto.com counters SEC with lawsuit over regulatory overreach

09 Oct 24 @ 13:09

Crypto.com has filed a lawsuit against the US Securities and Exchange Commission (SEC), accusing the regulator of overstepping its authority in pursuing the cryptocurrency exchange for the alleged sale of... read more

PayPal completes first B2B payment with PYUSD stablecoin

08 Oct 24 @ 15:45

PayPal has taken a significant step in demonstrating the practicality of digital currencies for business transactions by completing its first business-to-business (B2B) payment using its proprietary stablecoin, PYUSD. I have... read more

The dawn of Open Finance: Revolutionising financial services

08 Oct 24 @ 10:05

The financial services sector is at the forefront of a major transformation – one that moves beyond the already disruptive wave of Open Banking and into the broader ecosystem of... read more

Visa faces new merchant class lawsuit as legal pressures mount

07 Oct 24 @ 16:32

Visa is under increasing legal scrutiny as a new antitrust lawsuit filed by US merchants joins a wave of legal challenges facing the payment card giant. The latest lawsuit, filed... read more

FCA proposes major changes to safeguarding regime

07 Oct 24 @ 16:06

The Financial Conduct Authority (FCA) is moving forward with significant changes to the safeguarding regime for Payment and E-Money Firms. On 25 September 2024, the FCA published a detailed consultation... read more

E-commerce fraud to hit $107 billion by 2029

07 Oct 24 @ 15:51

The global e-commerce market is projected to grow significantly over the next few years, with a market value expected to reach an impressive $11.4 trillion by 2029 but e-commerce fraud... read more

How embedded finance presents opportunities for merchants

07 Oct 24 @ 10:00

For merchants, their service providers and as a result the consumer at large, Embedded Finance (EF) is way more than mere payment acceptance. Embedded Finance represents a rich, evolving world... read more

US instant payments set for major growth by 2028

04 Oct 24 @ 11:02

The US Faster Payments Council (FPC), a membership organisation for advancing safe, easy-to-use faster payments in the US, has released the 2024 US Instant Payments Adoption Quantitative Study. This first-of-its-kind... read more

How digital wallets are driving payments change in gaming

04 Oct 24 @ 08:34

The gaming industry is experiencing a rapid transformation, with digital wallets playing a pivotal role in driving payment change. As more gamers demand seamless, quick, and secure payment options, the... read more

Meta expands FIRE fraud partnership – critics say more needed

03 Oct 24 @ 16:07

Meta has announced the expansion of its Fraud Intelligence Reciprocal Exchange (FIRE), a collaborative information-sharing initiative designed to combat fraud. Through this program, banks can share intelligence directly with Meta,... read more

PSD3 and PSR: The future payments landscape in Europe

03 Oct 24 @ 15:47

The European Commission’s payments landscape is evolving once again with the introduction of PSD3 (Payments Services Directive 3) and the new Payments Services Regulation (PSR). Building on the foundation of... read more

Fraud is out of control: Payments industry needs to collaborate

03 Oct 24 @ 08:59

I can remember, some years ago, watching a YouTube video that a guy had recorded while he was playing World of Warcraft, the massively multiplayer online role playing (MMORG). As... read more

MoneyGram and Post Office split after cybersecurity incident

02 Oct 24 @ 16:19

In a surprising turn of events, MoneyGram services have been abruptly discontinued across thousands of UK Post Office branches, following a failed contract renewal negotiation. The decision comes on the... read more

Revolut introduces crypto payment cards

02 Oct 24 @ 15:56

Revolut is introducing dedicated crypto payment cards. These virtual cards allow users to spend their cryptocurrency on everything from large purchases to everyday essentials, like coffee or a daily commute,... read more

Brazil’s central bank advances Drex CBDC journey

02 Oct 24 @ 15:32

The Banco Central do Brasil (BCB) is on the brink of revolutionising its financial landscape with the anticipated launch of its own central bank digital currency (CBDC), Drex. Designed to... read more

Responsible cloud migration – The data security challenge

01 Oct 24 @ 19:59

Since the world went digital the value of data has been unprecedented, and as businesses race to adopt the latest tech to optimise and monetise their data it is set... read more

Fiserv and Wells Fargo walk away from acquiring JV

01 Oct 24 @ 19:32

In a significant shift within the payments industry, Fiserv and Wells Fargo are preparing to conclude their long-standing acquiring joint venture, Wells Fargo Merchant Services (WFMS). Initiated in 2019 following... read more

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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

Starling Builds UK-Sovereign AI Model With Nvidia and Civo

15 Oct 26 @ 19:41

Starling is developing a transactional foundation model with Nvidia that will be trained and hosted entirely within a UK sovereign cloud, as the digital bank lo... more

UK Moves to Open iPhone Contactless Payments to Apple Pay Rivals

22 Oct 26 @ 18:16

The UK’s competition regulator has set out proposals that could significantly widen access to contactless payments on Apple’s iPhone, potentially lowering b... more