Predicting customer lifetime value (LTV) equips businesses to allocate resources efficiently, focus on high-value customers, and enhance personalised marketing strategies, thereby increasing profitability.
Edenred Payment Solutions has appointed Rehana Mitha as its new managing director to enhance offerings and strategic partnerships in the UK and Europe.
PSD3 updates PSD2 to enhance electronic payment services, merging payment and e-money institutions, regulating digital marketplaces, clarifying delegated authentication, and detailing open banking API requirements
The financial sector must modernise card issuance to meet consumer demand for instant, seamless payments, with digital platform-issued cards projected to reach 1.3 billion by 2027, driven by API-led approaches and the rise of digital wallets.
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)
Confirmation of Payee (CoP), a relatively new service in the UK banking landscape, has emerged as a powerful weapon in the fight against fraud. By verifying the name on a
In a speech in April 2024, Simon Stiell, Executive Secretary of the United Nations Framework said the next two years are “essential in saving our planet”. Steill laid out a
A survey from nearly 6,000 PAY360 pre-registrants reveal the strategic outlook, challenges, and opportunities identified by leaders in the payments industry.
PLIM Finance officially launched their Swiss Marketplace service this May, holding an exclusive event on May 23rd, at Fame Gallery, Talstrasse 9, Zurich, that showcased their European expansion within the aesthetic Fintech industry
The FCA’s final quarterly authorisations metrics for 2023-2024 reveal high efficiency and effectiveness in meeting statutory targets, though some areas require better application quality.
The Payment Systems Regulator (PSR) highlights the need for improved governance and collaboration to drive innovation and address regulatory challenges in the UK’s payments industry
The UK leads the open banking revolution, driven by the Payment Services Regulations and the revised PSD2, fostering competition, innovation, and secure data access, with significant adoption growth and benefits for businesses and consumers alike.
Unlimit and DEUNA have partnered to enhance cross-border payments for enterprises in Latin America and beyond, aiming to improve approval rates, reduce costs, and lower fraud risks.
At PAY360, video interviews with industry leaders highlighted the evolution of payment technologies, ESG integration, and digital accessibility.
Discover how programmable money could revolutionise finance with automation and efficiency, while exploring the ethical dilemmas it poses around privacy and potential misuse
On 25 April 2024, the FCA proposed significant updates to its Financial Crime Guide, aiming to enhance clarity and compliance for financial and cryptoasset firms.
Ayruu has partnered with Edenred Payment Solutions to use virtual cards for streamlined B2B payments across France and Europe, enhancing payment efficiency, security, and cash flow management
Fintech firms must leverage personalized and secure communication tools, like SMS and chat apps, to build consumer trust and enhance customer experience, as demonstrated by successful partnerships with reliable providers.
Global SMEs are shifting to fintechs for their financial needs, urging traditional banks to collaborate with fintech providers to offer flexible, innovative solutions, writes James Camilleri, CEO and co-founder of Fyorin
TerraPay and Multipass have partnered to enhance cross-border payment solutions for corporate customers, improving efficiency and cost optimisation
TerraPay and Al Ansari Exchange have partnered to enhance their remittance services by integrating TerraPay’s payment solutions with Al Ansari’s network.
Digital wallets are rapidly evolving, increasingly centralising essential personal functionalities like payments, identity verification, and data control, highlighting both immense potential and significant risks.
His Majesty’s Treasury is developing a vision and strategy for UK payments. This could herald a period of leadership of payments by the Government – if the ingredients are right.
IOSCO’s new policy recommendations aim to create a unified global framework for regulating digital assets and cryptocurrencies, enhancing market integrity and investor protection.
With the UK’s financial watchdogs set to establish a regulatory regime for stablecoins, payment service providers must brace for stringent new standards in operations, redemptions, audits, and consumer protection.
PSD2 mandated banks to share customer information with licensed third-party providers through secure application programming interfaces (APIs), contingent upon customer consent.
The UK and EU are set to implement Confirmation of Payee (CoP) and Verification of Payee (VoP) by 2025 to enhance payment security by verifying account details to reduce fraud and errors.
Veriff’s 2024 Fraud Index highlights that nearly half of consumers encountered payment fraud last year, underscoring the critical need for enhanced biometric security in online payments.
Chat GPT, nearing 200 million users, powers transformative tools like Gemini to enhance mundane tasks and overall efficiency in various industries, including fintech
ChatGPT, nearing 200 million users, uses Large Language Models to streamline tasks and improve efficiency in industries like fintech, enhancing customer support and fraud detection.
In 2023, the UK government committed £100 million and 400 new fraud officers to reduce fraud by 10% by 2025, amid increasing social media and deepfake scams, according to IDnow’s UK Fraud Awareness Report.
Payall has partnered with Latvian regtech leader Huntli to enhance fraud prevention and transaction monitoring for a broad spectrum of financial institutions, bolstering capabilities in fraud and risk mitigation.
The PAY360 survey reveals critical insights on AI, real-time payments, and regulatory challenges, guiding stakeholders in adapting to evolving industry demands.
The 2024 assessment reveals evolving financial crime trends, including AI fraud and social media exploitation, providing crucial insights for payment firms to fortify consumer trust and operational security.
The UK Financial Conduct Authority issued a supervisory notice to EPayPro UK Limited, stressing the need for fairness and transparency in fee introductions, following EPayPro’s non-compliant rollout of a new compliance fee
ComplyAdvantage acquires Golden to enhance its AI-driven financial crime risk management solutions with advanced data integration capabilities
A look inside the innovative work of the ESG working group, as it creates the first greenhouse gas emissions standard designed specifically for the payments industry
Open banking is helping to revolutionise financial services access via APIs, enabling secure data sharing and fostering innovation in the banking industry
Initial assessments of the FCA’s Consumer Duty show that while financial firms have made positive strides in improving practices for consumer outcomes, further improvements and deeper integrations are necessary.
As real-time payment adoption grows, 50% of European firms are already involved, with another 42% planning to join, highlighting the balance of challenges and benefits in managing financial crime.
Instant payments are rapidly transforming the transaction landscape, supported by a global increase in payment rails and advanced services, despite facing challenges from fraud and regulatory demands.
We’d like to invite fellow Payments Association members to join BVNK and guests including Chainalysis, FIS, Worldpay and more on 22 May for Currency LDN, as we look at how
Globally, B2B travel transaction volumes are projected to reach $1.7 trillion by 2027 with the APAC (Asia Pacific) region in the lead as the fastest-growing market expected to reach $480
About Optty Optty is at the forefront of revolutionising the global payments industry, providing seamless, innovative, and secure payment solutions to partners and merchants around the world. Leveraging a cloud-based
About Equals Money Equals Money is a multi-currency payments, cards and accounts provider which supports the payments industry to deliver on its ambitions. Transforming business through its all-in-one platform, Equals
Swift’s recent collaborative experiments with 38 global institutions demonstrated new use cases for its CBDC interlinking solution across digital trade, securities and foreign exchange.
The Payment Systems Regulator (PSR) has set 7 October 2024 to implement the new mandatory reimbursement rules for victims of authorised push payment (APP) fraud. Why it matters The proposed
VE3 has been selected as a key supplier for the Payment Acceptance 2 Agreement by Crown Commercial Services for the provision of payment consultancy services.
