25-Year Financial Services Industry Expert John Durrant Named President of FIS Banking Solutions Group

Key facts: John Durrant assumes role of FIS Banking Solutions President on Sept.1. Durrant succeeds Martin Boyd who has announced plans to retire from FIS. Boyd, who joined FIS in 2015 through the acquisition of SunGard, will remain with the company until the end of the year to ensure a smooth transition. Financial technology leader

Payment Ecosystem Must Find the Commercial Carrot to Move Away From Cash

The South African payment ecosystem will need to increase cooperation if it hopes to reduce the country’s over-reliance on cash. And, while the regulator still has a big part to play in the solution, flipping the way payments are generally incentivised in favour of the consumer, as well as finding ways to better incentivise businesses

PalmPay Launches Wallet Safe Workshop to Improve Payment Security Awareness

According to the NIBSS (Nigeria Inter-Bank Settlement System), the total number of fraud attempts in Nigeria has grown by 186% from 2019 to 2020 PalmPay, a fintech innovator aims to make digital payment more accessible and flexible, announces the launch of Wallet Safe Workshop, a monthly campaign for payment security awareness training to help customers

Unlocking the Power of Hyper-Personalisation to Build More Relevant Banks

Real-time data and AI have made it possible to deliver curated content, services and products designed for individual customers, but many banks are unable or unwilling to embrace the opportunity offered by hyper-personalisation. There is no doubt that hyper-personalisation is effective. A Deloitte report on the topic points out that Amazon and Netflix have respectively

Mastercard New Payments Index 2022: Consumers in Morocco Embrace Digital Payments

75% of consumers in Morocco have used at least one emerging payment method in the last year, with usage expected to increase further Adoption of biometrics, Buy Now Pay Later (BNPL), open banking and account-to-account payments are anticipated to continue accelerating Gen Z and Millennials are leveraging more digital payment methods and are more open

Colombia Real-Time Payment Platform Replicates Latin America Success in Africa

Established Colombian fintech firm Minka has announced that it plans to repeat the success of its Latin America-based real-time payments system across Africa, accelerating and easing the movement of money across the continent and improving financial inclusion. Minka is a seamless payment network that enables organisations to move money in real-time. It simplifies the movement

Mobile is Transforming Bill Payment Habits of All Age Groups – Bi-Annual ACI Speedpay Pulse Survey

Mobile bill pay brings daily lifestyle convenience for younger generations and is prompting older generations to change lifelong habits Mobile has emerged as the catalyst for continual change, with consumers across generations rapidly switching and using this channel to pay bills, according to the bi-annual (1H) 2022 ACI Speedpay Pulse consumer survey. ACI Worldwide (NASDAQ:

National Bank of Bahrain Signs an Extended Partnership with Mastercard to Enhance Portfolio Through New Premium Offerings

Seven-year partnership will see NBB issue a range of debit, credit, prepaid cards and unique loyalty solutions to complement existing comprehensive offerings with Mastercard. Collaboration includes launch of highest tier cards targeted at UHNWI offering Priceless experiences The National Bank of Bahrain (NBB), and global technology company Mastercard have announced a strategic seven-year partnership to

One in Ten U.K. Consumers Victim of Payments Fraud – ACI Worldwide Report

Online fraud and digital wallet hacking now account for nearly 20% of U.K. fraud Individuals falling victim to confidence tricks has increased to 12.8% ACI Worldwide calls for a radical rethink of fraud fighting strategies and industry-wide collaboration More than one in ten people in the U.K. (12.1%) have fallen victim to payments fraud in

Nigeria’s Economy Reaps Benefits of Real-Time Payments and Digital Banking Transformation – US$6 Billion of Additional GDP Growth Forecast by 2026 – ACI Worldwide Report

Nigeria is Africa’s undisputed real-time payments and digital payments leader, recording 3.7 billion real-time transactions in 2021 and ranking sixth in the league table of the world’s most developed real-time payments markets, according to the third edition of ACI’s Prime Time for Real-Time report The widespread uptake of new digital and real-time payment services helped