402 Results from 2024, /payments
Retired Member
Introduction In the ever-evolving landscape of cybersecurity, a new challenge looms on the horizon: quantum computing. While this technology promises revolutionary advancements in various fields, it also poses a significant threat to our current encryption methods. Enter quantum-safe cryptography, the next frontier in securing our digital world
20 August 2024 /payments /regulation Banking Strategy, Digital and Transformation
Francesco Fulcoli Chief Compliance and Risk Officer at Flagstone
The Payment Systems Regulator (PSR) is implementing a groundbreaking reimbursement policy to tackle the growing menace of authorised push payment (APP) scams. This new requirement mandates payment service providers (PSPs) to reimburse victims of APP scams, marking a significant shift in consumer protection and industry responsibility. By embedding...
19 August 2024 /payments /crime Fintech
John Bertrand MD at Tec 8 Limited
The Financial Times last week reported strong industry resistance to the incoming mandatory reimbursement to bank fraud caused by authorised push payment (APP) fraud. This is understandable as banks since 2015 have not refunded 50% of the reported amounts scammed and now are mandated to refunding 100% of the customers money. A serious recurring an...
19 August 2024 /payments /regulation The future of Payments in Europe
Sergio Barbosa CIO of Global Kinetic, and CEO of FutureBank. at Global Kinetic and FutureBank
Technology investment has continued apace and, according to Gartner, IT spending in the banking and investment services market is forecast to increase by 8.7% in 2024 and is expected to reach $1 trillion by 2028. But even with all this money being thrown at IT, many Financial Institutions (FIs) are still unable to deliver the innovation they need...
16 August 2024 /payments /retail Banking Architecture
Sergiy Fitsak Managing Director, Fintech Expert at Softjourn
Launched in July 2023, the Federal Reserve's FedNow service has been a game-changer in the U.S. payments landscape. As we mark its first year, it’s crucial to understand its impact on financial transactions, especially within the fintech sector. With over 900 financial institutions onboarded, including major players like Chase and Wells Fargo, FedN...
14 August 2024 /payments /retail Banking Strategy, Digital and Transformation
Nicholas Holt Head of Solutions and Delivery, Europe at Marqeta
As more people use smartphones and other mobile devices to conduct their daily lives, mobile payments are becoming increasingly popular, for example, research suggests that over half of US and UK consumers had used a mobile wallet in the last 90 days. Simultaneously, consumers across geographies expressed a growing comfort with the idea of a cashl...
14 August 2024 /payments
Abhinav Paliwal CEO at PayNet Systems- A Neo Banking Software Platform
Internet services or electronic devices that enable online transactions are known as electronic wallets or e-wallets. Because these payments may be made using a computer or smartphone, they offer a useful replacement for traditional payment methods. Digital wallets are only as good as their software, encryption, and authorization processes. These ...
12 August 2024 /payments /markets Fintech World
Donica Venter Marketing coordinator at Traderoot
Fintech has revolutionized the banking and payments sectors, significantly contributing to economic growth across many countries. By leveraging the internet and user-friendly smartphones, fintech firms have made financial services more accessible, delivering them directly to consumers with just a tap of a button. However, while fintech companies a...
12 August 2024 /payments /retail Banking
Dmytro Spilka Director and Founder at Solvid, Coinprompter
Research predicted that hacks and data breaches will cost the global economy over $9.5 trillion by the end of 2024. This comes as fraud attempts and phishing attacks are increasing and getting more sophisticated, mainly due to the increase in online transactions. The payment industry facilitates the exchange of money for goods and services and i...
11 August 2024 /payments
Sean Forward Business Manager - Digital Currency at ClearBank
Open Banking users just hit 10 million in the UK. Despite a slow start, adoption is steadily increasing, showing a reasonable rise in both users and transactions. But given its much-anticipated potential, shouldn’t we expect more? The cost-effective payment rails help balance out rising costs, and access to data to boost the consumer experience – ...
08 August 2024 /payments
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