11 Apr 24 @ 15:32

Yesterday we reported on the efficacy of the UKs Confirmation of Payee (CoP) program reaching 2 billion check. Now EBA CLEARING has announced it will provide its CoP service at... read more

10 Apr 24 @ 16:08

In the past manual reconciliation processes have sufficed but placing heavy reliance on such can lead to inefficiency. Currently, 84% of UK and US payment firms rely heavily on manual... read more

10 Apr 24 @ 15:57

Pay.UK, the operator of the UK’s national retail payments system, announced that Confirmation of Payee (CoP), has reached 2 billion checks. This is a significant milestone and the volume of... read more

10 Apr 24 @ 15:26

ACI Worldwide has revealed striking new data proving instant payments will boost the financial prospects of young adults in the EU. New research from the Centre for Economics and Business... read more

09 Apr 24 @ 15:53

BANCOMAT and Nexi have signed a contract for the creation of a new centralised technological infrastructure that will allow BANCOMAT to autonomously manage and optimise the offer of innovative and... read more

09 Apr 24 @ 15:13

Ant Group, along with 11 overseas payment partners of Alipay+ and major international card organizations, is set to launch a nationwide program to build International Consumer Friendly Zones across major Chinese... read more

09 Apr 24 @ 15:01

The Saudi Central Bank (SAMA) announced that the share of retail consumer electronic payments – one of the Financial Sector Development Program’s KPIs – reached 70% of total retail payments... read more

08 Apr 24 @ 14:04

Online transactions account for a growing proportion of the global economy. While this gives consumers access to a much wider range of goods and services, it also brings an increase... read more

05 Apr 24 @ 12:14

There’s something about talking about internet safety that makes people a little, well, uneasy. One of the major reasons behind it is the fact that it is so easy to... read more

03 Apr 24 @ 09:30

Nuvei Corporation has announced that it has entered into a definitive arrangement agreement to be taken private by Advent International, one of the world’s largest and most experienced global private... read more

02 Apr 24 @ 13:02

A new study has found that by 2028, embedded finance revenue will increase 148%; from $92 billion in 2024 to $228 billion in 2028. This growth is driven by increasing... read more

28 Mar 24 @ 18:21

Over 2,000 suspected copycat banking websites masquerading as real banks such as Barclays or HSBC were reported in 2023 as scammers try to part unsuspecting consumers from their money. The... read more

28 Mar 24 @ 11:53

Boku has released a global research report entitled 2024 Global E-commerce Report: The Changing World of Payments – an in-depth analysis of payment preferences and purchasing behaviours of consumers across the globe. The... read more

27 Mar 24 @ 19:12

New research from RedCompass Labs, reveals that 58% of European banks that do not currently offer instant payments believe the timelines set out by the EU in the new SEPA Instant payments... read more

26 Mar 24 @ 15:51

Visa and Mastercard have agreed to cut their US interchange fees in what the two companies hope will be a landmark settlement that merchants say will save them $30 billion... read more

26 Mar 24 @ 15:30

According to the FICO UK Credit Card Market Report for January 2024, consumer credit behaviour followed typical start-of-year patterns. Spending fell by 8.6% post-Christmas, while consumers increased their payments to balance... read more

25 Mar 24 @ 17:18

Visa has released the Spring 2024 Edition of its Biannual Threats Report, which outlines the top scams impacting consumers and businesses around the world. The report points to increasingly organized,... read more

25 Mar 24 @ 16:53

Mastercard has continued to expand its cross-border remittance reach with a new connection to Alipay, China’s leading digital wallet, making it one of the fastest-growing cross-border payment offering. The move... read more

25 Mar 24 @ 10:41

The 2024 edition of The Global Payments Report from Worldpay shows digital wallets continuing their lead as the world’s fastest-growing payment method. Last year, wallets accounted for 50% of global... read more

22 Mar 24 @ 17:06

As funding dries up for neo-banks and questions arise over their capacity to secure account balances from the many customers who have opened digital-only accounts in recent years, it looks... read more