NFC World

Nets and Klarna have entered a partnership that will bring Klarna’s payment methods to Nets’ Nordic merchant customers. Nets to offer Klarna payment methods Klarna’s payment options will be integrated into the Nets checkout for e-commerce merchants in Sweden, Norway, and Denmark. This will further solidify Nets’ position as a leading payments gateway provider in the […]

The Payment Systems Regulator (PSR) has released its provisional findings into its “Market review of card scheme and processing fees” interim report, finding that the cards schemes do not face effective competition in the supply of scheme and processing services to acquirers. Card schemes do not face effective competition The regulator’s interim report suggests the supply

The latest figures released by UK Finance highlight that fraud fell in the first six months of 2023 with a total of £580 million being stolen by criminals. This is a decrease of 2% compared with the same period in 2022. The advanced security systems used by banks also prevented £651 million from being stolen.

The European payments landscape is undergoing a significant transformation, with Visa and Mastercard losing their dominant online payment positions in several markets.         Online payment methods in Europe This shift indicates a substantial change in consumer preferences and the rise of local payment methods across the continent – according to David Rintel,

The European Central Bank (ECB) is urging European banks with operations in Russia to withdraw as quickly as they can for two reasons: 1) they could be hit by US sanction measures and 2) Russia has begun to seize assets. ECB urges banks to leave Russia as assets seized The ECB has written to lenders

The purpose of online casino websites is player entertainment. They’ll have nice offers and tournaments, but players are there for the games. Table games and slots will entertain the majority of players, but live casino titles will also have a cult following. The vital role of payment in online gambling In other words, there will always be a group

Amidst the not so friendly rumblings within the Spanish banking sector, Iberpay and Santander have signed up to become the inaugural participants in the One-Leg Out (OLO) Instant Credit Transfer (OCT Inst) scheme. Iberpay and Santander sign up to OCT Inst Scheme Iberpay will act as a Clearing and Settlement Mechanism (CSM) for OCT Inst

The current interest in generative artificial intelligence (AI) has caused some to conclude that we may see a new wave of AI-enabled fraud. AI will make chargeback fraud easier However, the payments industry shouldn’t overestimate the abilities of large language models (LLM) or underestimate the power of existing anti-fraud systems, says Chargebacks911. AI has played

The global economy is rebalancing towards Asia. As this happens, acquirers and merchants in Europe and North America would be wise to think about how Asian consumers want to pay for goods and services. Acquirers should focus on Asia Exclusive data provided to Payments Cards & Mobile by PPRO reveals exactly how Asian consumers like

The U.S. Faster Payments Council (FPC) has published a report titled, Navigating Instant Recurring Payments: Consumer, Business, and Financial Institution Perspectives. Instant Recurring Payments This comprehensive needs assessment offers strategic insights into the implementation of instant recurring payments, focusing on the unique perspectives of consumers, businesses and financial institutions. Spearheaded by the FPC Real-Time Recurring