NFC World

News from the NFC World journal

The French payments landscape – A detailed analysis

According to the latest Digital & Card Payment Yearbooks, the French payments landscape has undergone significant changes, driven by regulatory reforms, technological advancements, and evolving consumer behaviours. With the revised Payment Services Directive (PSD2) and the rise of digital banking, the payment ecosystem in France is more dynamic than ever. Here is a comprehensive overview […]

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The Bank of England’s strategy for innovation in payments

As the global financial landscape evolves, the Bank of England (BoE) has released a discussion paper outlining its approach to innovation in money and payments. This comprehensive strategy emphasizes the need to adapt to technological advancements while maintaining monetary and financial stability. The Bank of England’s strategy for payments The BoE recognises the transformative potential

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Evaluating the environmental impact of cash vs. digital payments

In an era where sustainability and environmental impact are crucial considerations across industries, the realm of payments is no exception. On behalf of the European Digital Payment Industry Alliance (EDPIA), Oxford Economics has conducted a study evaluating the environmental footprint of both cash and digital payment methods across Italy, Germany, and Finland. In its latest

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Commercialising Open Finance – a perspective from Visa Consulting & Analytics

In June 2024, Visa Consulting & Analytics partnered with Tink to launch a new report: Commercialising Open Finance: The state of play, the direction of travel, and best practices from around the world. Payments Cards & Mobile caught up with Claudio Di Nella Head of Visa Consulting & Analytics in Europe, for an update on

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UK workers spend a third of their day on meaningless tasks, despite surge in AI use

Artificial Intelligence was meant to liberate us from tedious tasks, but a new report illustrates that UK workers continue to grapple with mundane busy work. And this is despite a considerable uptick in AI adoption. Since January, there has been an 18% increase in AI use, while a 66% rise has occurred since September. The

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Card fraud projected to rise 21.5% as AI-linked fraud bites

2024 data from Merchantsavvy projects[1] that fraud related to payment cards will rise by 21.5% to hit $43.47 billion by 2028 as new forms of fraud such as Synthetic ID, Account takeover and others start to bite. Read more about how Netcetera’s Identity and Access Management delivers best-in-class identity and access management solutions for banks,

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Revolut strikes gold and receives UK banking licence

Revolut has announced it has finally been granted its long awaited UK banking licence, ending a three-year wait and constant arguments with regulators, delivering an undoubted boost to its expansion plans in the UK and further afield. Revolut receives UK banking licence The London-based company announced it had received the licence from the Prudential Regulation

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