NFC World

Kaspersky has released its annual Financial Threats Report for 2023, offering a detailed analysis of the evolving financial cyberthreat landscape. The report reveals significant increases in mobile banking malware and cryptocurrency-related phishing, signalling growing threats to digital financial assets. The previous 12 months has witnessed a substantial rise in the number of users encountering mobile […]

Experian announced the launch of Cashflow Attributes, a solution to help expand fair and affordable access to credit, particularly for thin-file and credit invisible consumers. Experian empowers Open Banking With over 900 income, cashflow and affordability attributes, Cashflow Attributes insights are available now and allow lenders to seamlessly integrate banking data into their decision-making. A

As new ways to pay come to the fore and cash takes a back seat, having a modern software infrastructure that can cope with online and mobile payments is vital to any bank’s future. Maris Zandersons from Tietoevry Banking look at what it takes to replace or upgrade your card payment systems. Making the decision

National Australia Bank (NAB) have launched a new partnership with Banked to accelerate the number of Australian merchants adopting and integrating Pay by Bank, account-to-account (A2A) payments solutions. NAB launch Pay by Bank in Australia The partnership aims to boost the use of ‘Pay by Bank’ technology – using Australian Payments Plus’ (AP+) PayTo services –

The financial services landscape is experiencing considerable political and macroeconomic turbulence, compelling clients to embrace new innovations and advancements to adapt to the evolving market. Organizations are also having to keep up with rapidly evolving customer expectations, which include demands for an increasingly personalized experience without a drop in efficiency – writes Simon Kent, Americas

There has been, as you are well aware, much debate over the value, business case and usability of CBDC’s, with some quarters pushing it hard whilst others take a more laissez-faire attitude. Central banks must embrace CBDCs However, on 6th May at the annual BIS Innovation Summit, Joachim Nagel, Bundesbank’s president, urged central banks to

EBA CLEARING says that, together with eight multinational payment service providers (PSPs), it has completed a pan-European proof of concept leveraging its R2P Service (Request to Pay). As part of this initiative, the participating institutions successfully exchanged request to pay messages via R2P in milliseconds. “Request to pay enables corporations to leverage the benefits of

Visa and J.P. Morgan Payments have announced a strategic collaboration that aims to enhance merchant experiences and drive innovation for J.P. Morgan Payments’ customers by introducing faster domestic payments in the US, through the Visa Direct network. Visa and J.P. Morgan strategic relationship With Visa Direct’s extensive reach in the US, J.P. Morgan Payments will

US businesses and consumers are rapidly adopting digital, instant payments services, according to studies released by Federal Reserve Financial Services. Digital wallet use saw especially strong growth in 2023 — efficiency-focused businesses increased their use by 31% over the prior year, and convenience-minded consumers experienced a 32% increase. These changes, particularly consumers’ use of digital

Gallant Capital Partners, through an affiliate, has acquired Fime as well as the UL Solutions payments testing business (collectively, the “Company”), combining the technical capabilities and expertise of both businesses under the Fime brand. Gallant Capital acquires Fime Stakeholders across payments, smart mobility and digital ID can now access the industry’s most complete set of