NFC World

News from the NFC World journal

EuroPA launch cross-border instant payments in Southern Europe

A landmark stride in European payments infrastructure has been achieved as Italy’s Bancomat, Spain’s Bizum, and Portugal’s MB WAY initiate cross-border mobile transfers under the EuroPA (European Payments Alliance) umbrella. EuroPA launch cross-border instant payments This marks a pivotal moment for interoperability across domestic mobile payment systems in Europe, enabling instant peer-to-peer transactions between users […]

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How to solve banks’ legacy systems challenges while controlling risk

A new white paper from global payments technology provider RS2 explains how banks can finally overcome their legacy systems, tech challenges and deliver modern, efficient systems – plus the smooth, fast and secure experiences customers expect.        How to solve banks’ legacy systems RS2’s new study notes that banks have held on to

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BCG: Strategic priorities in a slowing global payments market

The global payments industry finds itself at an inflection point. Once a perennial outperformer, the sector is now facing the reality of slower growth, investor impatience, and mounting operational complexity. Boston Consulting Group’s 2024 Global Payments Report, titled “Fortune Favours the Bold,” offers a sobering assessment — and a call to arms for those aiming

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CFPB rolls back BNPL oversight as legal pressure mounts

The regulatory future of the Consumer Financial Protection Bureau (CFPB) remains in flux, but recent developments suggest a retreat from its more assertive stance on Buy Now, Pay Later (BNPL) oversight. CFPB rolls back BNPL oversight Following sustained industry pushback and ongoing legal challenges, the CFPB has signalled its intention to rescind an interpretive rule

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SentBe bets on FX infrastructure to stay competitive

While global e-commerce continues its rapid expansion — projected to hit $32.9 trillion by 2031, according to recent industry estimates — the international payments and settlement sector is facing a markedly slower growth trajectory. SentBe bets on FX infrastructure Forecast to increase at just 5% annually, the sector is contending with rising regulatory costs, legacy

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How to build an acquiring system fit for the future

In a new report, BPC explain the market dynamics that are leading to wholesale changes in acquiring. Next-generation acquiring From regulation and a huge increase in merchants accepting electronic payments through to the growing diversity of consumer payment options available, BPC outline why the acquiring segment is going to have to change dramatically to adapt and survive. In

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Interchange fees reform could risk worsening debanking

The debate around “debanking” — the practice of financial institutions denying or withdrawing banking services from certain individuals — has surged to the forefront of policy discussions in the US, but has been bubbling under in other European markets. Interchange fees reform risks debanking While the conversation is often dominated by political narratives, the economic

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Should AI be the future of personalised payment solutions?

Recent technology developments have changed customer expectations, causing a fast transition of the payments business. AI: the future of personalised payment solutions? The integration of artificial intelligence (AI) is one of the most important advancements in the field. Payment system operations might be completely transformed by AI, which will provide more individualised customer experiences, safer

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Project Nemo: Building an accessible future for payments

As the payments industry races to innovate, one critical factor is being left behind: accessibility. In this Q&A, Project Nemo co-founders Kris Foster and Joanne Dewar share how their mission is driving real change by putting disability inclusion at the heart of the payments conversation. What’s the story behind Project Nemo? What inspired its launch?

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