It’s not a sci-fi, it’s here! Use your payment card securely with biometric authentication
Payment security taken to a new level
October 12, 2020
Payment security taken to a new level
A peek into Indian fintech market and effective solution for accepting payments.
This is the time that will define the thinkers, movers, and shakers who will shape the rest of this century.
Is the European Union going to be the first major global economy to embrace the digital economy advancements, all the benefits it brings forward, and all the digital banking solutions that are coming along the evolution of tech services? What will the EU Single Digital Market bring up on the business horizon?
The transition to an almost purely digital economy is speeding up with every passing year and that is in part due to the leaps and advances in technology that are changing the way we live and conduct business.
The Payments Association EU releases its seminal whitepaper on the European Payments Landscape, it offers a general overview of the current European Payment dynamics and evolutions.
Moreover, the whitepaper provides comparison elements between the different parts of the European Union while putting the European situation in perspective with other continents.
Certainly, the Payments Association EU whitepaper is an essential reading for anyone eager to have a general glimpse over the payment landscape in Europe as well as for payment professional requiring in depth information’s over specific areas.
Open banking platform Tink continues its expansion across Europe with the acquisition of the aggregation platform of OpenWrks, a leading UK-based provider of open banking applications.
Leading payments issuer processor, Global Processing Services (GPS), announces its appointment of three C-level executives: Richard Hodgson as Chief Financial Officer, Shaun Puckrin as Chief Product Officer, and Jerome Gudgeon as Chief Technology Officer.
The new hires bolster the executive leadership team of GPS, the payments processing partner for some of the most well-known and successful fintechs on the market, including Revolut, Starling Bank and Curve, as the business drives its global expansion plans forward beyond Europe and APAC. It’s also a great sign of confidence for the fintech sector.
Jem Shaw from our Patron, Choice International, attended the recent meeting on cross-border payments and international remittances at the Bank of England on behalf of the Payments Association. Download here
Many thanks to the Payments Association for last week allowing me to join the Bank of England’s recent Webinar, ‘Enhancing Cross-Border Payments – A dialogue with UK Industry’, on their
Press Release GPS to further engage the wider Payments Association community to drive innovation and collaboration in the payments industry London, UK. 6th October, 2020. The The Payments Association is delighted to announce
Press Release The new training alliance aims to provide specialist compliance and skills training For payments a fintech businesses London, UK. Monday 28th September, 2020. The The Payments Association is delighted
First UK bank to use open banking to enable credit card holders to pay their balance Tesco Bank is to become the first UK bank to introduce new technology that
Mastercard and PFS partner with the Government of Jersey on the Spend Local cards Every Jersey resident will receive a £100 Spend Local pre-paid Mastercard Innovative approach paves the way
Throughout September OpenTable and Mastercard will be celebrating Dine Local, a month-long homage to dining out, with more than 200 restaurants offering special offers to diners across the UK and
Square and Mastercard bring card payments to the Falkland Islands’ small businesses Launching today as part of London Tech Week, Square, Mastercard and the Falkland Islands Government will announce a
A look at the use cases driving investment in open banking.
Financial infrastructure provider, Banking Circle, has been named Best E-Commerce Initiative for its Banking Circle Marketplaces solution in the 2020 PayTech Awards.
As the virus closed everything down, my workload increased by 10-fold and I started to feel like a 1950’s housewife with a career on top! The volume of work sky
See above
Key findings:
– By December 2020, the total number of monthly API calls across the EEA is expected to reach between 2.8bn (5% adoption rate) and 3bn (20% adoption rate); with Germany, France, the United Kingdom, and Italy all experiencing over 300m calls per month.
– By December 2021, Germany, France and Italy will join the UK in experiencing monthly volumes in excess of 500m (even with the lowest adoption rate of 5%).
– By December 2022, with our lowest projections of a 5% adoption rate, Germany and the UK should be experiencing monthly transaction volumes in excess of 1bn. If the adoption rate is as high as 20%, Spain, France, Italy and Poland will also experience monthly volumes in excess of 1bn.
As more companies move their core operations online, the questions of data privacy and data security and how to handle them from an institutional standpoint as well become even more critical for successful business growth.
Across the world, traditional banking is transforming into something else entirely and the full outline and scope of the future of the industry, while not yet fully understood, already presents some amazing opportunities for firms looking for an edge, business innovation and revenue growth.
Agile businesses adapt to the times, providing the market with needed services as they arise as well as new opportunities. This second aspect, helping clients realize new opportunities, is increasingly displacing the traditional model of banking facilitated capital allocation.
Few people have questioned whether e-commerce was the way of the future when it came to retail and shopping, but even fewer have asked what this brave new world will look like.
After all, as everyone moves online, other factors will play critical and distinguishing roles in determining who the winners and losers are from the e-commerce online future.
Grab your morning coffee and join us as we reveal insight from our flagship research of 2020. You’ll be joined by peers in the payments community as we uncover the latest opportunities and use-cases in the industry.
Date 1st October 2020 Time 09:30 – 10:30
Book your place → https://landing.modulrfinance.com/cost-of-hidden-inefficiencies-epa
Netcetera is Mastercard’s exclusive 3-D Secure testing partner to help retailers and other businesses ensure they are ready to comply with PSD2. Mastercard and Netcetera, the market leader for 3DS and EMVCo associate, are supporting merchants to improve their transactions and conversion rates. This is the first time that merchants are able to run tests in their live online shops.
Have you registered for our Tomorrow’s Transactions events?
Join Dave Birch and colleagues from Consult Hyperion for our weekly webinars and fireside chats, to discuss transaction technologies and the issues our industry is facing. Every Thursday at 4 PM BST/11 AM EDT.
Strategic thinking for post-pandemic payments
Accomplished CFO and COO, Suraj Badlani, joins the international technology platform to lead corporate development and finance
Kompli-Global, the leading RegTech AML specialist, has announced today that it that it is ensuring corporate entities do not fall victim to potential fraud and money laundering, as it unveils Kompli-Reveal™, a screening solution harnessing augmented intelligence (AI) and human expertise, to provide the most up-to-date information on their client bases.
Luc Gueriane, Moorwand CCO, discusses: If the move to cashlessness is hurting so many, who is responsible for making sure innovation doesn’t come at the cost of inclusion?
Radius Bank, the best online US bank of 2020*, and Currencycloud, the leader in providing B2B embedded cross-border solutions, have partnered to offer Radius clients the ability to send money to more than 180 countries.
Following increased customer demand for international wire transfers for both their own clients and their Banking-as-a-Service partners, Radius sought to find a solution that could be quickly integrated. Using Currencycloud’s APIs means Radius Bank can send outgoing payments to international destinations they were unable to reach before on behalf of their clients.
Join us on online at 9.30 on 15th September for a demo of our new Confirmation of Payee product followed by a live Q&A session with our payments experts. Register now. https://landing.modulrfinance.com/coffeemorning_confirmation_of_payee
Modulr is the first non-bank or building society to join the Confirmation of Payee service.
Confirmation of Payee allows users to check if the payment details they’ve entered for a person or business match the details held by the recipient’s bank.
This provides reassurance that payments are being sent to the right recipient and protects Modulr customers from certain types of payment fraud.
UK-based end-to-end accounts and payments solutions provider Contis has forged a partnership with global payments platform Currencycloud.
Through this partnership, Contis can now offer foreign exchange and international money transfer services to its clients and account holders.
– Banking in Latin America
– Effect of Covid-19 on Latin American banking
– Key risks of bancarization in Latin America
EML and Laybuy are working together on Buy Now Pay Later (BNPL).
– Challenges facing the industry in stopping online banking fraud
– Decision criteria utilized to determine a winner across technology attributes and future business value drivers
– Reasons Buguroo was selected as the clear winner across all determining criteria
– How does SIM swapping work?
– SIM swappers struck – what next?
– The role of the bank in stopping SIM swapping fraud
– Behavioral biometrics analysis overcomes the failings of two-factor authentication
– Profiling cybercriminals, one simjacker at a time
– How unauthorized fraudsters use compromised customer data and phishing techniques to attack online banking platforms
– Leverage behavioral biometrics and AI to make real-time decisions
– Assess the risk of entities holistically, not only relying on PII
Financial infrastructure provider, Banking Circle, is tackling the compliance and reconciliation issues often faced in global B2B payments with its new Payments on Behalf of (POBO) and Collections on Behalf of (COBO) solutions.
EQ (“Equiniti Group plc”), an international technology-led services and payments specialist, is delighted to announce that its business payment platform has a new name, EQPay.
This guide offers an insight into how the insurance method of safeguarding can provide payment service providers with economic benefits, help to alleviate some of the regulatory risks and allow
PRESS RELEASE A top fintech has ‘done the double’ at the Payments Association Awards securing two nominations in the same category for a charity that began at home and another
Ben Agnew brings a wealth of B2B events experience to lead the team at the UK’s premier payments industry member body London, UK. 1st September, 2020. The The Payments Association
PRESS RELEASE COPENHAGEN, 27 August 2020 – Coinify, Sygnum Bank and Galaxus announce the world’s first e-commerce transaction using a bank-issued stablecoin. The Sygnum Digital Swiss Franc (DCHF), pegged 1:1
Relying on a single provider for essential banking services can be catastrophic for your fintech. So how can you ensure to keep the payment tap on and payments flowing in the times of crucial failure of your banking provider
