Payment Security
Chase for Business survey reveals tech inspiration driving SMEs
Source: Chase
Leading financial services provider for small businesses, Chase for Business survey revealed it’s findings indicating continued optimism among small business owners and their growing willingness to invest in digital solutions.
Bank of England Urges Payment Firms to Enhance Operational Resilience
Payment companies have received a warning from the Bank of England regarding the necessity to enhance their readiness for upcoming 'operational resilience' standards set to be implemented next year.
Cashfree Payments launches ‘RiskShield
Source: Cashfree Payments
Cashfree Payments, India's leading payments and API banking company, announced the launch of ‘RiskShield’, India’s first real-time risk management solution for payment gateways. It aims at reducing fraudulent activities upto 40%.
CFPB Proposes Regulatory Expansion to Include Tech Giants in Oversight of Digital Payment Apps
The Consumer Financial Protection Bureau (CFPB) is aiming to extend regulatory oversight to tech giants like Apple and Google, which provide digital payment apps and wallets.
Revolut releases Financial Crime and Consumer Security Report
Source: Revolut
Revolut, the global financial app with more than 40 million customers worldwide, has today announced the release of its first Financial Crime and Consumer Security Report, containing exclusive scam and fraud insights.
E& enterprise and Fils to introduce carbon offset platform for payments
Source: e& enterprise
e& enterprise today announced its strategic partnership with Fils, a groundbreaking fintech platform, establishing a new standard in the digital payments sector by promoting sustainability.
Lloyd's of London Warns of $3.5 Trillion Global Economic Impact from Cyber Attack
Lloyd's of London, the insurance marketplace, has issued a cautionary statement, suggesting that a major cyber attack on a systemic payments system could result in a staggering $3.5 trillion economic impact on the world.
Central Banks Explore Tokenization for Cross-Border Payments in Project Agorá
A consortium of seven central banks has partnered with the Bank for International Settlements (BIS) to delve into the potential of tokenization for facilitating cross-border payments.
Payment Systems Regulator appoints Dan Moore as head ffo strategy and intelligence
Source: Payment Systems Regulator
The Payment Systems Regulator (PSR) has appointed Dan Moore as its new Head of Strategy and Intelligence.
UK, Singapore, Switzerland, and Japan Collaborate on Fund and Asset Tokenization Project
Financial regulatory authorities from the United Kingdom, Singapore, Switzerland, and Japan have initiated a collaborative effort to explore potential applications of fund and asset tokenization as well as decentralized finance (DeFi).
FIS taps accelerator alumnus Stratyfy to boost card fraud detection with AI
Source: FIS
Global financial technology leader FIS (NYSE: FIS) has today announced that its SecurLOCK card fraud management solution is poised to deliver an increase in accurately identified and prevented fraudulent card transactions utilizing a new collaboration with FIS Fintech Accelerator alumnus Stratyfy.
APP scam losses across six major economies expected to hit $6.8 billion by 2027
Source: ACI Worldwide
Authorized Push Payment (APP) scam losses are on the rise and expected to climb to $6.8 billion — a combined compound annual growth rate (CAGR) of 11% — by 2027 across six leading real-time payment markets (U.S., U.K., India, Brazil, Australia and Saudi Arabia) according to Scamscope, a new report by global payments software company ACI Worldwide and GlobalData, a leading global analytics firm.
Top Fintech Companies Call for Review of Hidden Bank Fees in International Payments
London's Leading Fintech Companies Unite to Demand Urgent Review of Hidden Bank Fees for International Payments.
