The New Battlefield in Banking: Defending Against Phishing Scams
In a decisive move, the Monetary Authority of Singapore has mandated banks to adopt a suite of stringent security protocols, underscoring a proactive stance in safeguarding digital banking...
View ArticleVisa and HSBC Partner for Multi-Currency Transaction Platform
Visa and HSBC have teamed up to launch the Zing app, a platform that allows users to hold, send, and transact in multiple currencies. In a statement issued today (Tuesday), both companies said this...
View ArticleFinseta Sees 42% Revenue Jump as Forex Platform Gains Traction
Finseta plc (AIM: FIN), a foreign exchange and payments solutions provider, announced financial results for the first half of 2024, with revenue soaring approximately 42% to £5.1 million compared to...
View ArticleN26 Launches Stocks, ETFs Trading and Investment Management in Ireland
Today (Wednesday), N26 announced the introduction of its Stocks and ETFs trading product in Ireland. This new offering allows customers to manage their investment portfolio directly through the N26...
View ArticleGerman Regulator Reveals €52.7 Billion Hit from Financial Sector IT Incidents
Germany's Federal Financial Supervisory Authority (BaFin) reported a significant increase in IT incidents affecting payment services in 2023, highlighting growing operational risks in the financial...
View ArticleTackling APP Scams: The UK's Bold Steps to Protect Consumers from Fraud
In the UK, Authorized Push Payment (APP) scams have become a growing threat, luring unsuspecting individuals into transferring their money directly to fraudsters. This alarming rise in sophisticated...
View ArticleBIS Survey Reveals Central Banks’ Shift to Digital Currencies and Stablecoins
According to a comprehensive survey by the Bank for International Settlements (BIS) in 2023, 86 central banks worldwide are deeply engaged in CBDC development. This burgeoning interest signals a...
View ArticleNuvei Partners with Mastercard: Crypto-to-Fiat Transfers and Global Use
Nuvei Corporation, a Canadian fintech company, announced a partnership with Mastercard today. This partnership will launch a new off-ramping solution in Europe. The solution allows consumers to convert...
View ArticleReal-Time Payments: US Sees $1 Billion Daily on RTP Network
On June 28, 2024, the RTP® network achieved a significant milestone with over $1 billion in instant payments processed in a single day, setting a new benchmark for the largest instant payments system...
View ArticleEx-Instinet Executive Joins Liquidnet to Boost Cross-Border Trading
Liquidnet has announced the appointment of Jeffrey Crane as Head of International in the Americas. This move strengthens the company's cross-border trading capabilities, which currently span 57 global...
View ArticleMastercard's Palm Payments and a New Era of Contactless Transactions
Mastercard's recent announcement about the adoption of palm payments signifies a notable shift in contactless payment technology. This innovative approach, which allows consumers to make payments using...
View ArticleHow Did the E-remittance Exchange Pilot Succeed?
The Business Payments Coalition’s E-remittance Exchange Pilot, running from September 2023 to June 2024, demonstrated that electronic remittance information could be exchanged automatically between...
View ArticleOpenPayd Integrates PIX for Real-Time Payments in Brazil
OpenPayd has launched a new service integrating with Brazil's PIX payment system, enabling real-time payments across the country. This move marks a significant enhancement in OpenPayd's service...
View ArticleApple to Integrate Rival Platforms into Apple Pay after EU Deal
In a significant development, Apple has reached an agreement with the European Union to open its mobile payment system, Apple Pay, to rival payment platforms. This move marks a pivotal shift in the...
View ArticleFrom Cards to Instant Transfers: Latin America's Payment Evolution
Latin America's digital payments sector is on the brink of a significant transformation, propelled by Inswitch's strategic partnership with N1CO to deploy Visa cards and the revolutionary impact of...
View ArticleVisa Expands Partnership with Wirex to Boost Web 3 Payments in Europe
Payment card giant Visa is expanding its collaboration with Wirex towards the adoption of Web 3 payments across the UK and the European Economic Area (EEA). By integrating Visa cards and reducing...
View ArticleUK's Digital Wallet Surge: PSR and FCA Examine Consumer and Business Effects
The Payments Systems Regulator (PSR) and Financial Conduct Authority (FCA) are seeking views on the benefits and risks digital wallets bring to people and businesses. As digital wallets gain popularity...
View ArticleBofA Unveils Intelligent Transaction Search on CashPro
Bank of America has recently unveiled an intelligent transaction search tool with integrated investigation capabilities on its CashPro platform. This innovative feature is designed to simplify and...
View ArticlePoland Fines PayPal $27.3M over Ambiguous User Agreements: Report
Poland's antitrust watchdog has fined PayPal Europe $27.3 million for failing to clearly define the activities that could lead to penalties under its user agreements, Reuters reported. The alleged lack...
View ArticleBNP Paribas and Ant International Forge Transformative Payments Partnership
BNP Paribas has entered into a strategic payments partnership with Ant International, signaling a significant development in the global financial landscape. This deal aims to leverage Ant...
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