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The Road Ahead for FedNow: Collaborative Efforts and Advanced Technologies in the Fight Against APP Fraud – Stanchion Payments

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

Navigating Quantum Uncertainty in the Payments Industry – Stanchion Payments

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

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

Central Banks Stay the Course as Inflation Fight Gets Tougher, BIS Says in Annual Economic Report

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

Developing ATM Markets See Strong Growth as Post-COVID Recovery Continues – RBR

Reduction in ATM deployment worldwide disguises more positive outlook in majority of markets More than half of countries see an increase in ATM installations New research from RBR’s Global ATM Intelligence Service shows that the number of ATMs installed worldwide fell by 2% in 2022 to stand at 3.0 million. The comprehensive market report and

Africa to Be Fastest Growing Fintech Region as Global Industry Grows to $1.5 Trillion by 2030 – BCG

Emerging economies will lead the way as fintech gains momentum. Asia-Pacific is poised to outpace the US, becoming the world’s largest fintech market by 2030, while Africa will be the fastest growing region, according to a new report. Africa’s fintech market – led by South Africa, Nigeria, Egypt, and Kenya – is projected to grow

APP Scams Emerge as the Top Payments Fraud Threat With Fraudsters Changing Tactics, Finds ACI Worldwide Report

According to ACI’s 2023 Prime Time for Real-Time report, the top three fraud tactics in 2022 are Authorized Push Payment (APP) scams, card fraud, and identity theft, with APP scams being the number one fraud tactic. Financial crime and fraud are perennial problems for banks and financial institutions, with the global cost of fraud predicted

Adyen and Shopify Partner to Power New Payment Capabilities For Enterprise Merchants

As a preferred enterprise payments partner for Shopify, Adyen will provide large-scale customers the agility to succeed in the fast-moving ecommerce industry Adyen, the global financial technology platform of choice for leading businesses, announces a new global partnership with Shopify, a provider of essential internet infrastructure for commerce, to strengthen ecommerce capabilities, simplify the customer

ACI Worldwide Collaborates With Red Hat To Expand Payments Cloud Offering

Collaboration will enable financial institutions and payment providers to utilize ACI solutions on Red Hat OpenShift ACI Worldwide, a global leader in mission-critical, real-time payments software, today announced a collaboration with Red Hat OpenShift, the industry’s leading enterprise Kubernetes platform, to enable financial institutions and payment providers to utilize ACI solutions on the platform. The

6 Top Payment Device Management Features

It’s fundamental for merchants accepting card-present payments to have a payment device – but more precisely, a payment device that works. Like all IT hardware, payment terminals occasionally need maintenance, updates, or other service. A payment device management solution makes it possible to keep terminals functioning in optimal condition and to troubleshoot them for quick

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