Payments: The foreseeable future
Navigating the challenges of payments, open banking, and compliance in a changing financial landscape.
September 24, 2024
Navigating the challenges of payments, open banking, and compliance in a changing financial landscape.
Blockchain is transforming digital payments with faster, more secure, and transparent transactions, driving mainstream adoption and new applications.
There has been much discussion over the past year on the rise in APP fraud, and the potential impact of the regulations designed to combat it. The conversation often revolves
Join your fellow members at our popular networking event – establish new contacts and sales leads. The event will run between 18:00 – 21:00 GMT on Tuesday 3 December 2024
The Payments Association’s Cross-Border working group, with the support of Benefactor Payall, has launched its latest report: ‘The impact of APP fraud on cross-border payments’. The whitepaper presents the challenges
The new Reimbursement Claims Management System (RCMS) aims to simplify APP fraud claim processing, enhance PSP cooperation, and ensure adherence to updated compliance standards
UK companies must comply with SEPA Instant payments by 2027, and our guide offers key insights on the new regulations and screening practices.
New SEPA regulations in 2024 will require instant payments, fee parity, and improved fraud prevention, posing compliance challenges for financial institutions.
The UK is undergoing a ‘seismic shift’ in how people pay (Nikhil Rathi, CEO, FCA), with wallets on the rise to become the default payment type for many. This raises
The challenges financial institutions face under SEPA Instant Credit Transfer regulations and explores how advanced technologies can help overcome them.
Chargebacks911 appoints fintech veteran Mike Elliff as Chief Revenue Officer and EMEA CEO to drive global expansion and tackle rising post-transaction fraud.
The FCA’s latest guidance proposes a risk-based approach allowing payment service providers to delay outgoing payments to combat APP fraud, balancing fraud prevention with consumer protection.
As the threat of quantum computing looms, how can the payments industry safeguard against the quantum decryption capabilities that could undermine global financial security?
The Financial Crime 360 survey reveals how the industry is tackling evolving threats like AI-driven fraud, emphasising the need for collaboration, innovation, and updated regulations to effectively combat financial crime in 2024.
Trust Payments provides businesses with secure, modern payment solutions to adapt to evolving fintech trends such as digital wallets and mobile payments.
Explore the must-attend conferences and expos for card issuers and payments professionals to stay ahead of industry trends and enhance networking opportunities.
Join us as we propose changes responding to the PSR new consultation on the maximum reimbursement level for APP scams, effective from 7 October 2024. The new proposed cap is
FMPay offers UK small businesses secure, cost-effective payment solutions with no monthly fees and advanced fraud protection.
The Payments Association and We Fight Fraud have produced an impactful documentary that conveys the real impact of the PSR’s incoming rules to tackle APP fraud. It includes interviews with
In the fast-moving payments industry, trust must be replaced by a “Protection Model” focused on safeguarding compliance, technology, and risk management.
As mobile wallets rise, so do fraud risks—this BPC guide highlights top threats and essential strategies to protect your digital transactions.
PXP Financial’s new Partner Portal streamlines the merchant application process, enabling partners to focus on growth with faster, more efficient approvals.
The PAY360 State of the Industry 2024 survey reveals key trends, challenges, and opportunities in the payments sector, emphasising the need for technological investment, enhanced security, and regulatory adaptation.
PXP Financial joins Zebra’s PartnerConnect programme to enhance mobile payment capabilities, leveraging Zebra’s innovative solutions and global partner network.
Transact365 updates its global payment solutions, improving stability, success rates, and coverage in regions like China, India, Germany, and Brazil.
Payment companies are accelerating KYB with AI and APIs, enhancing onboarding speed and competitiveness while maintaining strict compliance.
Banks must quickly adapt to ISO 20022, leveraging strategic partnerships to overcome legacy system challenges and meet the March 2025 compliance deadline.
Regulatory changes in BNPL, cVRPs, and digital wallets aim to boost e-commerce innovation and competition while safeguarding consumer protection and market stability.
The shift from virgin PVC to recycled PVC (rPVC) and paperboard payment cards is revolutionising the financial industry, reducing environmental impact while offering business advantages, and positioning financial institutions as leaders in sustainability.
Toqio partners with Visa to enhance corporate liquidity and efficiency by integrating financial services directly into business networks through embedded finance solutions.
AI-driven solutions are transforming dispute management in the payments industry, enhancing efficiency, reducing costs, and improving customer satisfaction in an increasingly digital landscape.
The Bank of England has recently published a paper on its approach to innovation in money and payments (click here to view). The paper aims to understand what the industry thinks
Breakfast in the Boardroom: The Product Edition Creating a successful product requires careful planning, research, and effective decision-making. As a product owner, you must constantly adjust to the changing market
From 7 October 2024, UK financial institutions must reimburse APP fraud victims. FinCrime Dynamics’ SaaS service helps banks identify vulnerabilities, quantify losses, and improve fraud defences.
The rise in online payment fraud has led nearly 98% of industry leaders to enhance security with identity verification and facial biometrics.
A deep dive into the Financial Crime 360 survey, highlighting key challenges, prevalent fraud types, and strategic responses across various financial sectors
This event is a unique opportunity for members to debate de-banking and de-risking and understand the direction it may take within the realm of cross-border payments. Join The Payments Association,
APP fraud is surging, with UK Finance reporting £42.6 million lost in early 2023, prompting calls for stronger consumer protections.
Key findings from Cifas highlights the rising threat of identity fraud and the need for advanced, collaborative solutions.
The new APP fraud reimbursement policy mandates up to £415,000 per claim from October 2024, raising industry concerns over its implementation and impact on smaller fintech firms.
Payment businesses must leverage AI technologies to combat increasingly sophisticated fraud networks and protect digital transactions.
Adopting ISO 20022 is essential for modernising cross-border payments, enhancing fraud prevention, and ensuring seamless interoperability and efficiency in international financial transactions.
With Financial Crime 360 around the corner, Payments Review spoke to some of the leading figures working tirelessly to combat the growing issue of financial crime within the payments ecosystem.
Tony Sales, a former fraudster turned fraud prevention specialist and co-founder of WeFightFraud, shares his perspective on effective strategies and technologies businesses can use to protect against evolving threats.
Exploring the transformative impact of social commerce on consumer behaviour and the lurking risks of online scams.
Exploring Australia’s comprehensive strategy to tackle payment fraud and enhance security across the national payments system.
AI’s data analysis superpowers are revolutionising financial crime prevention, spotting fraud patterns in real-time, even for small transactions, but good data and industry collaboration are key.
From 7 October this year, all consumers who are victims of automated push payment (APP) fraud paid via faster payments must be reimbursed within 5 business days, with the cost split equally between the paying and receiving payment service providers (PSPs)
