Payment Security
Banks must embrace fintech-fuelled payments revolution - BNY Mellon
October 9, 2015 - Banks must embrace fintech companies or risk being left behind as the payments landscape undergoes a radical technological overhaul, according to a new report from BNY Mellon.
US gears up for EMV switch deadline
October 1, 2015 - Despite the fact that the majority of Americans still do not have EMV payment cards ahead of today's deadline for a switch from magstripe, an industry taskforce insists that the migration is "on track".
IFX Forum and Nexo deliver ISO 20022 specification
September 1, 2015 - The Interactive Financial eXchange (IFX) Forum and nexo announced today that the Registration Authority of ISO 20022 has released on its official website the first set of messages related to the processing and management of Automated Teller Machines (ATM).
Many small businesses not ready for EMV chip cards - Wells Fargo
August 6, 2015 - A majority of small business owners are unaware of the impending EMV1 liability shift coming in October, according to the latest Wells Fargo/Gallup Small Business Index conducted July 6-10.
Ireland creates fintech and payments body
September 17, 2015 - A new trade association intended to provide a single voice for the emerging fintech and payments ecosystem in Ireland has launched, with the aim of establishing the Republic as a leading international financial services hub.
E payments top priority for global companies - Bank of America Merrill Lynch
August 18, 2015 - While companies around the world are taking note of the growing emergence of mobile and digital payment applications, many treasury departments still grapple with the continued existence and enormous cost of paper payments.
US bears the brunt of global card fraud losses
August 5, 2015 - The importance of an EMV-compliant infrastructure to stem losses from card fraud has been demonstrated by new figures from The Nilson Report, which show that the US accounted for 48.2% or $7.86 billion of gross losses worldwide on plastic cards last year while generating only 21.4% or $6.187 trillion of total volume.
Canadian Payments Association sets out modernisation vision
September 17, 2015 - As part of its initiative to modernize Canada's core national clearing and settlement framework and infrastructure, the CPA is creating a shared vision for the future of payments in Canada based on research, a global perspective, and industry views.
Canada to overhaul national payments infrastructure
August 11, 2015 - The Canadian Payments Association has hired global consulting firm McKinsey to draw up plans to modernise the nation's core payments infrastructure.
Mobile banking users set to double over next four years - KPMG
August 3, 2015 - The number of mobile banking users globally is forecast to double to 1.8bn over the next four years, encompassing over 25% of the world's population, according to research by KPMG and UBS.
Retailers lose 94% more revenue to fraud than 2014- LexisNexis
September 16, 2015 - The LexisNexis True Cost of FraudSM study reveals merchants are overwhelmed by increasing revenue losses to fraud.
Carphone Warehouse hackers steal 2.4 million bank details
August 10, 2015 - UK mobile phone chain Carphone Warehouse says it has suffered a serious data breach that may have seen the banking details of 2.4 million customers stolen by hackers.
FCA: Firms making good progress in handling unauthorised transactions
July 28, 2015 - Research into how claims are handled for unauthorised transactions (when a payment is made from a consumer's account without their consent) found that firms are making good efforts to deliver fair outcomes for consumers.
