Anti-Money Laundering (AML) is a critical aspect of financial measures and regulations designed to prevent the illegal generation of income and the conversion of illicit funds into legitimate assets. Money laundering is a global issue that often involves complex networks and schemes that transcend borders, making it difficult to combat effectively. “The impact of money
The US Federal Reserve launched the FedNow real-time payment service in July, creating a centralised system it hopes will enable faster cash flow for individuals and businesses in the US. As exciting as the launch of this frictionless new payment rail is, fraudsters will find new ways to exploit merchants and customers. Authorised push payment
Stanchion Payments, a prominent global provider of payment technology, is proud to announce the appointment of seasoned payments professional Shaun Hulley, who will use his wealth of international industry experience to head up the leading paytech solution provider’s skilled and dynamic sales engineering team as Director of Global Sales Engineering Hulley returns to Australia after
CR2, a global digital banking and payments platform has been named a Technology Leader in Quadrant report on Card Management Systems (CMS) 2023. A significant achievement as CMS platforms continues to develop and offer an extensive array of advanced features for numerous use cases. This includes support for multi-product, multi-language, multi-currency, multi-scheme, and a wide
CR2 announces continued expansion across MEA with the addition of two new customer signatures – Arab International Bank (AIB) in Egypt and Unity Bank in Nigeria. This announcement builds on the continued growth of the past year. CR2 empowers banks to deliver on the potential of digital banking and payment solutions for both consumers and
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
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
Infor offers People365 Payroll and Time Management solutions to customers along with Infor ERP and Human Capital Management solutions to enable automated and streamlined payroll functions while ensuring compliance with the region’s rules and regulations Infor®, the industry cloud company, recently announced it is expanding its offering in the Middle East and Africa with advanced
Central banks are determined to conquer inflation, even if the last mile to price stability may be the most challenging. There is a material risk of further financial stress as the financial system adjusts to the end of low-for-long interest rates. To safeguard stability and trust, monetary and fiscal policy must operate within a “region
By Quintin van der Linde, Senior New Business Developer at Ecentric Payment Systems Africa is projected to have more than half a billion e-commerce users by 2025. In part, this can be attributed to the growing adoption of alternative payment methods in the wake of the pandemic. With 45% of the population in Sub-Saharan Africa
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