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In a move that signals the future of cross-border payments security, Swift is set to launch an AI-driven anomaly detection service to combat financial crime more effectively. Swift introduces AI-powered fraud detection Beginning in January 2025, the service will help banks worldwide proactively detect suspicious transactions in real-time, building on Swift’s Payment Controls Service, already […]

Card payments dominate the Nordic payment landscape, with 90% of shoppers using them for contactless payments either daily or once a week, according to new research conducted on by Nets. Preference for mobile payments continues to increase: in Denmark, Apple Pay is now more popular than Mobilepay, and in Sweden it is almost on par

In recent years, Latin America has experienced a remarkable transformation in the way people make payments. Debit cards, credit cards, and mobile payments are quickly becoming the preferred methods of payment, displacing cash in the region. This shift is opening up new avenues for financial-services companies looking to tap into a growing and increasingly digital

In 2020, the UK Gambling Commission (UKGC) introduced a significant regulation: the ban on using credit cards for online gambling transactions. Mastercard’s role in UKGC-licensed casinos This move aimed to address concerns over gambling-related harm, but it left many players wondering about their payment options. Despite the ban, Mastercard remains a popular payment option in

Consumers made more than 1.4 billion contactless payments to the value of €24.8 billion in shops, restaurants and other retail outlets in the 12 months to the end of June 2024 according to the latest payments analysis published in Banking & Payments Federation Ireland’s (BPFI) Payments Monitor. The report shows that smartphones are increasingly becoming

Forter has released findings from its 2024 Consumer Trust Premium Report, which explores the evolving relationship between consumer shopping habits and brand trust, based on 2,000 survey respondents in the US and UK. Coined the “Trust Premium,” the report reveals UK consumers surveyed are now willing to spend 48% more, on average, with retailers they

A new white paper from Boston Consulting Group outlines the significant strides Apple has made in the payments industry, including its decision to discontinue Apple Pay Later and focus on new instalment payments in Apple Wallet. The paper, Apple in Payments – Winning by Influencing, also explores Apple’s collaboration with major banks and buy-now-pay-later (BNPL)

Citi and Mastercard have announced a partnership to offer faster, more efficient cross-border payments using Mastercard debit cards across 14 global markets, with plans for expansion. Citi and Mastercard partner on debit payments Through Citi’s WorldLink Payment Services and Mastercard Move, businesses in sectors like e-commerce, financial institutions, and corporates can make near-instant, full-value payments

Alipay+, Ant International’s cross-border mobile payment venture, has revealed three trends shaping the future of tourism to the benefit of global merchants and the industry. Alipay+ transactions triple in 2024 “Tourism’s importance to economic growth makes it essential for the industry to pursue innovation and new partnerships so that more people can benefit,” said Douglas

Payment gateways are an integral part of the digital commerce landscape, and as financial transactions are increasingly borderless and consumers demand seamless, secure payment experiences. Optimising payment gateways Payment gateways have become more than just transaction processors – they are now complex and multifaceted platforms that underpin global commerce. Payment declines, particularly false declines, present