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With an increase in regulations and growing involvement from multiple players, the world of payments is undergoing a disruption across the region
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Steve Morgan Banking Industry Market Lead at Pegasystems
The contactless card payment limit will rise from £45 to £100 later this year as people are favouring contactless transactions to help curb the spread of the virus, as well as the convenience and speed. The pandemic has undoubtedly accelerated the shift to a cashless economy. March 2021 figures from LINK, the UK’s main ATM cash machine network, fou...
21 May 2021 /payments /covid-19
Retired Member
In July 2020, a group of sixteen major European banks from five Euro countries announced the launch of the European Payments Initiative (EPI) with the aim to create a unified payment solution for consumers and merchants across Europe. EPI’s stated long-term ambition is to become a new standard means of payment for all transaction types. This includ...
12 March 2021 /payments
René Hendrikse Vice President & Managing Director, EMEA & LATAM at Mitek
While the Christmas rush may be over, with 51.3m transactions recorded by the Post Office in December, the arrival of Lockdown 3.0 means online shopping will continue to be on the rise yet again. As non-essential shops remain closed, older generations, the vulnerable, working parents, and many more will turn to online spending. Retailers and busin...
28 January 2021 /security /identity
Amanda Mickleburgh Director Product - Merchant Fraud at ACI Worldwide
One of the most prominent issues keeping stakeholders in the payments industry busy at the moment is Strong Customer Authentication, or SCA, the new European security standard that intends to protect consumers and businesses from fraud by making it more difficult for a fraudster to make payments from their accounts. After several delays SCA is due...
26 November 2020 /payments /regulation
Arnaud Crouzet Vice President Security & Consulting at FIME
The newly-established European Payments Initiative promises a new vision of payments. Innovative use cases will be made available to consumers across Europe for the first time. There’s strong backing for the project already among financial institutions and the European Central Bank, making it likely to succeed. With the first phase due to start in...
11 November 2020 /payments /regulation
Sunil Jhamb Founder and CEO at WLPayments
Purchasing items on social media is a growing international trend with huge potential. During the COVID-19 crisis, 42% of people in an international Global Web Index survey reported spending a greater amount of time on the likes of Facebook and Instagram. And with social distancing continuing for months, that trend is likely to continue. Accordin...
16 July 2020 /security /payments
Laura Francis Head of Brand and Marketing at Form3
Why now is the time to move away from legacy payments infrastructure Technology is moving at a remarkable pace – by the time something has been built and launched it already feels outdated. So it may come as a surprise that many European banks are still using systems originally implemented several decades ago. The introduction of open banking (PSD2...
13 July 2020 /payments /cloud
Joris Lochy Product Manager at Intix | Co-founder at Capilever
In a time of real-time, instant payments, it is strange to see that companies providing pre-paid gift vouchers are still massively being created and continue to grow. At first sight buying such a gift voucher has only disadvantages, as it converts liquid currency to a product, with less favorable qualities (i.e. can only be consumed in certain shop...
16 June 2020 /payments
Ron Delnevo Chair at UK Cash Supply Alliance
There is much speculation about the extent of the comeback cash will make after the latest pandemic is behind us. To be fair, cash has had a bit of a tough ride. Lockdowns impacting more than half the worlds population have lured people into the clutches of internet shopping - and, as we all know, paying by cash on the internet is a bit tricky! On...
04 June 2020 /payments /inclusion
The economic scale of the SME market is substantial, contributing £2.0 trillion (52%) a year to the UK economy alone and growing. But for SMEs wanting to trade internationally, they’re met with highly complex infrastructure and a myriad of lenders, brokers, FIs, processes and systems in place that lack sufficient integration or none at all. What’s...
20 April 2020 /payments
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