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The global e-commerce market is projected to grow significantly over the next few years, with a market value expected to reach an impressive $11.4 trillion by 2029 but e-commerce fraud is also rising rapidly. E-commerce fraud to hit $107 billion This marks a 63% increase from $7 trillion in 2024, driven largely by the rising […]

The Financial Conduct Authority (FCA) is moving forward with significant changes to the safeguarding regime for Payment and E-Money Firms. FCA proposes major changes to safeguarding On 25 September 2024, the FCA published a detailed consultation paper outlining its plans to strengthen consumer protections and improve compliance with the existing statutory safeguarding regime. These proposals

Visa is under increasing legal scrutiny as a new antitrust lawsuit filed by US merchants joins a wave of legal challenges facing the payment card giant. Visa faces new merchant class lawsuit The latest lawsuit, filed by All Wrapped Up Signs and Graphix, an advertising and marketing company based in Florida, comes on the heels

For merchants, their service providers and as a result the consumer at large, Embedded Finance (EF) is way more than mere payment acceptance. Embedded Finance represents a rich, evolving world in which merchant businesses can, and are becoming, central to consumers’ digital lifestyles – according to a new white paper from Visa. Increasingly, there are

As Czechia strides towards 2025, its payments landscape is marked by significant shifts and advancements. The convergence of traditional banking systems with innovative digital solutions is driving a new era of convenience and security for consumers and businesses alike. Market Overview The Czech payments market has seen a robust increase in the use of card

The US Faster Payments Council (FPC), a membership organisation for advancing safe, easy-to-use faster payments in the US, has released the 2024 US Instant Payments Adoption Quantitative Study. This first-of-its-kind survey, conducted between July and August 2024, involved third-party enablers – such as payment processors, gateways, and digital vendors – who collectively serve over 90%

The gaming industry is experiencing a rapid transformation, with digital wallets playing a pivotal role in driving payment change. Digital wallets are changing gaming As more gamers demand seamless, quick, and secure payment options, the adoption of digital wallets has surged, significantly influencing how payments are processed, especially in the online casino world. These wallets

The European Commission’s payments landscape is evolving once again with the introduction of PSD3 (Payments Services Directive 3) and the new Payments Services Regulation (PSR). PSD3 and PSR: The future payments landscape Building on the foundation of PSD2, these initiatives aim to foster innovation, enhance security, and provide more opportunities for non-bank players in the

Meta has announced the expansion of its Fraud Intelligence Reciprocal Exchange (FIRE), a collaborative information-sharing initiative designed to combat fraud. Meta expands FIRE fraud partnership Through this program, banks can share intelligence directly with Meta, which the tech giant can then use to identify and take down scam accounts on its platforms. This initiative marks

I can remember, some years ago, watching a YouTube video that a guy had recorded while he was playing World of Warcraft, the massively multiplayer online role playing (MMORG). Fraud is out of control As the game progressed, he gradually began to realise that he was the only human player and that all of the