Tareq Shaheen Director of Payment Solutions at Eastnets
With the ‘wallet wars’ being waged over recent months, there has been much talk of virtual wallets becoming a vital part of the payments system. Whether a digital wallet (which links to a payment card) or an eWallet (which uses funds deposited into it), the popularity of virtual wallets is clear. This has been captured in a report from Juniper Res...
28 December 2023 /payments
Through open banking, the European Union continues to embrace its interconnected financial ecosystem; connecting, collaborating and sharing customer data instantly. Yet, the risk of fraud looms larger than ever. Today’s criminals are relentless architects of deception, exploiting every crack in our financial systems at the touch of a button. They t...
21 December 2023
ISO 20022 is now imminent, with a go-live in just ten days. Are you ready for this essential transformational change? After the delayed November 2022 launch date for ISO 20022, the new date of this new standard in financial messages is looming. March 20, 2023, is the new go-live date for ISO 20022. There has been much noise in the banking sector ab...
10 March 2023 /payments
ISO 20022 significantly improves the quality of data across the payments ecosystem. It offers richer, structured, meaningful data and will enable new client experiences, while improving compliance and efficiency. And 2022 will be a big year for ISO 20022 adoption. As of November, SWIFT will enable ISO 20022 messages for cross-border payments and ca...
13 July 2022 /regulation
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