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Bank monetisation of APIs represents “billions-per-year” opportunity
13Nov
Bank monetisation of APIs represents “billions-per-year” opportunity
Rather than viewing the development of APIs as a regulatory cost burden, banks should strive to realise the considerable monetisation opportunites afforded by the trend, according to a new report from the Mobey Forum's Open Banking Expert Group.
Worldline to buy Banco Desio merchant acquiring activities
13Nov
Worldline to buy Banco Desio merchant acquiring activities
French payments giant Worldline is boosting its presence in Italy through the acquisition of Banco Desio’s merchant acquiring activities for around EUR100 million.
NatWest releases payment APIs for corporate customers
13Nov
NatWest releases payment APIs for corporate customers
NatWest has released three new APIs to support corporate, commercial, and institutional customer demand for real time payments and automated reconciliation, including BACs payments.
Spanish banks to road test digital euro
13Nov
Spanish banks to road test digital euro
The Spanish banking sector has set up a working group and proof-of-concept to assess the impact of the implementation of a digital euro by the European Central Bank.
FTX files for US bankruptcy protection; Bankman-Fried quits
12Nov
FTX files for US bankruptcy protection; Bankman-Fried quits
Cryptocurrency exchange FTX says it has started the process of for Chapter 11 bankruptcy in the US, and that founder Sam Bankman-Fried is stepping down as CEO.
New York Fed and MAS test wCBDC for cross border payments
12Nov
New York Fed and MAS test wCBDC for cross border payments
The Monetary Authority of Singapore and the Federal Reserve Bank of New York are teaming up to explore the use of wholesale CBDCs for cross-border payments.
FTX Europe to have licence suspended – Bloomberg
12Nov
FTX Europe to have licence suspended – Bloomberg
Embattled FTX is facing the suspension of its licence by the Cyprus Securities and Exchange Commission, revoking its ability to continue trading within the European Economic Area.
Isle of Man launches Fintech Innovation Challenge
12Nov
Isle of Man launches Fintech Innovation Challenge
Digital Isle of Man (an executive branch of the Isle’s government) has announced the launch of the Fintech Innovation Challenge, an opportunity to engage with international stakeholders and industries in their digital ecosystem.
Saudi Arabia unveils open banking framework
12Nov
Saudi Arabia unveils open banking framework
Saudi Arabia's central bank has published an open banking framework, setting out legislation, regulatory guidelines and technical standards.
JP Morgan and Mastercard unveil Pay-by-Bank service
12Nov
JP Morgan and Mastercard unveil Pay-by-Bank service
JP Morgan is teaming up with Mastercard on a service that uses open banking to let customers make payments using their bank account information instead of a card.
ClearSale: Data Breaches and Identity Theft Are Fuelling E-Commerce Fraud
14Oct
ClearSale: Data Breaches and Identity Theft Are Fuelling E-Commerce Fraud
The pandemic birthed a new era for e-commerce fraud, and the risks and vulnerabilities have never been greater. Data breaches and credential phishing alone exposed more than 1.1 billion personal records last year.
Real-Time Payment Markets to Watch For 2022
14Oct
Real-Time Payment Markets to Watch For 2022
ACI Worldwide, a global leader in mission-critical, real-time payments software, recently released its latest Prime Time for Real-Time Report. It features 53 global markets with insights and expertise on the trends, technologies and initiatives driving real-time success.
The Metaverse: The next growth engine for financial services
4Oct
The Metaverse: The next growth engine for financial services
In 2021, internet users spent an average of 1 hour and 15 minutes daily on social media. Four years from now, 1 in 4 active internet users may spend at least 1 hour a day in the metaverse for work, shopping, social media or education. That’s how big this boom is.
Global CNP fraud hits 13% with costs to merchants rising fast
29Sep
Global CNP fraud hits 13% with costs to merchants rising fast
In Q2 2020, when online sales jumped with the onset of the pandemic, the percentage of CNP fraud dropped to 12% of transactions, compared with 13% in Q1 2020. Unfortunately, the average fraudulent transaction rose 10% from $126 to $139 per transaction in Q2 2020.
Cross-border payments critical to growth if done right
28Sep
Cross-border payments critical to growth if done right
With the accelerated digital transformation over the past few years, businesses of all kinds have expanded their global reach – a historically unlikely capability.
Bill Pay Experiences Lagging for Young Adults
19Sep
Bill Pay Experiences Lagging for Young Adults
Innovation in the payments industry has made bill payment more convenient than ever, with mobile-first consumers able to pay from anywhere, using all types of payment, at any time.
How can merchants get the upside – with no downside – of cross-border payments?
4Sep
How can merchants get the upside – with no downside – of cross-border payments?
Global retail e-commerce sales are on track to reach $7.4 trillion by 2025, with consumer payments driving sales at checkout. Moreover, the COVID-19 pandemic has only accelerated online shopping habits, with 51% of global consumers saying they plan to make more cross-border purchases.
Critical pandemic lessons in mobile payment fraud prevention
18Jul
Critical pandemic lessons in mobile payment fraud prevention
For many retailers, adding apps was a must to survive the restrictions on brick-and-mortar shopping. However, in a rush to get apps to market, many were built without security features to prevent fraudsters from copying the apps, altering them, and turning them into phishing apps that impersonate the retailer’s brand.
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