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

A new white paper from Visa, Using Artificial Intelligence to Secure the Future of Payments, investigates the changing characteristics of the fraud landscape and, as the title suggests, the central role that Artificial Intelligence (AI) is coming to play in effective risk management strategies. And it explains why it’s necessary for fraud management teams to

Visa is gearing up for the 2025 launch of its A2A payments (Account-to-Account) in the UK, marking a significant advancement in its involvement in the country’s payments landscape. Visa prepares major A2A payment upgrade With the predicted explosion in A2A payments, consumers will gain greater control and protection over how they handle bank transfers, promising a

Across central and eastern Europe, the move to digital payments is an unstoppable wave – a trend that started before but accelerated during the Covid-19 pandemic. SoftPOS: A gamechanger at point of sale Governments in the region have recognised the advantages of moving payments into the digital realm, as electronic payments are faster, more cost-effective,

In a strategic move to combat fraud and ensure more secure cross-border payments, SEPAmail.eu and CBI have joined forces to offer an interoperable IBAN-Name Check solution. Interoperable IBAN Name Check This collaboration will help Payment Service Providers (PSPs) in both Italy and France comply with regulatory requirements, such as the upcoming Instant Payment Regulation, while