Boston Consulting Group (BCG) Global Payments Report 2023 | Key to Growth Is Creating Disruptive Solution

Posted on by Staff Reporter | 5113 Views | 22 min read

The global payments industry has come a long way over the past decade—and in a myriad of directions. Consumers and companies have shifted from cash to a burgeoning and integrated system of electronic payments solutions and value-added services. Payments have become more accessible, with innovations such as digital wallets, QR codes, and mobile money accelerating

Securing the Future of Payments: What Businesses Need to Know About Payment Security – Ecentric Payment Systems

Posted on by Staff Reporter | 11842 Views | 18 min read

By Bernard van Der Merwe, Information Security Officer at Ecentric Payment Systems The only way to combat the increasing cost of cyberattacks, and the reputational threat that comes with them, is to have solid, internationally accredited, security measures in place as well as going above and beyond these requirements, writes Bernard van Der Merwe, Information

Stanchion Taps Pierre Aurel as New Chief Product Officer

Posted on by Staff Reporter | 31908 Views | 17 min read

Stanchion Payments, a prominent global provider of payment technology, is thrilled to announce the appointment of Pierre Aurel as its new Chief Product Officer. With a remarkable track record in payment product development and innovation, Pierre brings a wealth of experience to his role in Stanchion’s dynamic and expanding team. Pierre Aurel’s achievements include spearheading

Navigating Quantum Uncertainty in the Payments Industry – Stanchion Payments

Posted on by Staff Reporter | 22008 Views | 33 min read

The need for organisations to protect themselves against quantum threats to cybersecurity is becoming increasingly important as quantum-computing technology advances. Quantum computers have the potential to break many of the encryption techniques currently used to secure data, and this poses a significant risk to organisations in the payments industry. Understanding Quantum Threats in the Payments

Visa’s Digital Authentication Framework and Mastercard’s Token Authentication Framework: Getting set for this seismic shift in the payments landscape

Posted on by Staff Reporter | 66537 Views | 22 min read

Over the past few years, the evolution of standards such as 3D Secure 2 (3DS2) and regulations such as the Strong Customer Authentication requirements in Europe’s Payment Services Directive 2 has helped to contain the growth of card-not-present (CNP) fraud. Yet with online transactions growing at a rapid rate, the payments sector can’t afford to

Standard Bank and ICBC Celebrate 15-year Partnership, Sign 5-Year Renewal to Drive Africa China Trade

Posted on by Staff Reporter | 11893 Views | 15 min read

Africa’s largest bank by assets, Standard Bank, and one of the world’s leading banks, the Industrial and Commercial Bank of China (ICBC) have renewed their strategic cooperation partnership for another five years. The partner institutions continue to lead the Africa-China trade and investment markets, jointly providing unequalled expertise and capabilities to individuals and businesses trading

Swift’s Cross-Border Payments Processing Speed Surpasses G20 Target

Posted on by Staff Reporter | 18209 Views | 12 min read

Swift today announced strong progress toward goals set by the G20 for enhancing cross-border payments, reporting that 89% of transactions processed on its network reach recipient banks within an hour. That’s already well ahead of speed targets set by the Financial Stability Board to achieve one-hour processing for 75% of international payments by 2027. The

Network International Delivers Strong H1 2023 Results Across MEA Markets

Posted on by Staff Reporter | 10216 Views | 16 min read

Network International Holdings Plc has announced its interim financial results for the half year ended 30 June 2023. The company reports good H1 2023 results with total revenue growing 19% in constant currency year-on-year (y.o.y.) demonstrating broad-based growth across all regions and business lines, with the total value of consumer payments processed with merchants across

NCR Achieves 20 Consecutive Years as Self-checkout Global Market Leader

Posted on by Staff Reporter | 16875 Views | 6 min read

NCR Corporation, a leading enterprise technology provider, has been recognized as the world’s largest self-checkout vendor in Global EPOS and Self-Checkout 2023 from RBR Data Services. NCR has proudly held this dominant position since 2003. According to the report, more than 190,000 self-checkout (SCO) units were delivered to customers globally in 2022, the second-highest year

Independent ATM Deployers Remain Resilient Thanks to New Deals with Banks

Posted on by Staff Reporter | 126866 Views | 16 min read

Non-bank ATM operators bounce back from the pandemic with acquisitions of bank terminals to expand their reach, boosting fleet numbers and increasing functionality Non-bank deployers find growth opportunities in a changing climate The latest research from RBR Data Services’ Global ATM Intelligence Service reveals continued expansion in the independent ATM deployer (IAD) sector worldwide. While