NFC World

In a strategic move to combat fraud and ensure more secure cross-border payments, SEPAmail.eu and CBI have joined forces to offer an interoperable IBAN-Name Check solution. Interoperable IBAN Name Check This collaboration will help Payment Service Providers (PSPs) in both Italy and France comply with regulatory requirements, such as the upcoming Instant Payment Regulation, while […]

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 second digital finance revolution which will see both retail and corporate customers enjoy faster, safer and more personalised financial services. In their new study, FIS

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 by 2029, marking a 209% increase. A2A transactions set for explosive growth by 2029 A2A payments, which involve direct bank-to-bank transfers without intermediaries, have gained

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 unregistered tokens. Crypto.com counters SEC with lawsuit This move comes after Crypto.com received a Wells notice, a formal warning that the company may face legal

As artificial intelligence (AI) continues to impact industries, the financial services sector faces a growing threat from AI-driven ID fraud. A recent report, “The Battle Against AI-Driven Identity Fraud“, highlights the increasing sophistication and scale of fraud attacks fuelled by AI, emphasising the urgent need for businesses to prepare for this evolving threat. With AI

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. PayPal completes first B2B payment with PYUSD I have to admit that this story initially passed my by, but I think its actually an important update. The

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 Open Finance. This next phase promises to break down the silos within the financial services industry, ushering in an era of seamless, integrated financial experiences.

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 is also rising rapidly. E-commerce fraud to hit $107 billion This marks a 63% increase from $7 trillion in 2024, driven largely by the rising

The Financial Conduct Authority (FCA) is moving forward with significant changes to the safeguarding regime for Payment and E-Money Firms. FCA proposes major changes to safeguarding On 25 September 2024, the FCA published a detailed consultation paper outlining its plans to strengthen consumer protections and improve compliance with the existing statutory safeguarding regime. These proposals

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. Visa faces new merchant class lawsuit The latest lawsuit, filed by All Wrapped Up Signs and Graphix, an advertising and marketing company based in Florida, comes on the heels