Multi-award-winning issuer processor Global Processing Services, behind Revolut and Starling Bank, selects Victoria House at the heart of London’s Knowledge Quarter to base its brand-new global headquarters.
– What is Behavioral Biometric Analysis?
– What is a BionicID™?
– What makes Revelock’s BionicID™ solution unique in fraud prevention?
– How can BionicIDs™ be used to stop Impersonation and Manipulation attacks?
– What is BionicID™ analysis best suited for?
– Does BionicID™ data collection or analysis impact the User Experience (UX)?
– Introduction
– Deep fakes
– SIM swap scams
– SMS OTP fraud
– Session hijacking via RATs
– Originality is key
– Introduction
– Reducing false positives and negatives
– Know Your User
– Automating fraud response
– Conclusion
What are the top priorities, challenges, opportunities and risks for compliance and risk executives in 2022? VIXIO PaymentsCompliance is running its annual Trends and Priorities Survey to gain insight on just that.
Episode Six is transforming the buy now, pay later (BNPL) landscape, by putting control in the hands of card issuers versus the acquirer or other third parties. For the first time, issuers can implement changes at the account level in real-time. To understand why this is important, we take a look at the interest in BNPL and how it works.
As we have noted in the past, federal regulation of the digital asset/cryptocurrency/DeFi community is evolving and there are many perspectives on what direction it should take. For instance, earlier this week, the House Democratic leadership and a group of moderate House Democrats agreed to a compromise that would prevent the House of Representatives from amending the Senate-passed “Infrastructure Investment and Jobs Act” (H.R. 3684), thereby preserving the bill’s provisions expanding the definition of “broker” under the Internal Revenue Code to apply to various digital asset market participants.
The Federal Deposit Insurance Corporation (FDIC) has issued a “Request for Information and Comment on Digital Assets” (RFI) to learn more about the “novel and unique considerations related to digital assets….[g]iven that banks are increasingly exploring the emerging digital asset ecosystem.” A key theme of the RFI is the development of a framework to promote “responsible innovation.”
In the first six months of this year alone, UK fintech investment figures have soared past the total investment secured in the whole of 2020 to $24.5bn, and of that total Global Processing Services has driven 49% of it ($11.96bn) through its customers and partners.
The fast, frictionless payment transactions experienced by consumers are influencing B2B customer expectations and driving payments digitisation. Find out about the main drivers and the unexpected benefits for businesses in this new whitepaper by Accuity, a LexisNexis® Risk Solutions Company.
Ordo and Certua are integrating Ordo’s open banking payments capability with Certua’s embedded finance platform to better serve the needs of businesses and their end customers with novel financial services.
Localise, globalise and optimise your business with our unique range of payment and banking solutions. Reduce online fraud, increase conversions and drive business growth across the world.
On 22 June 2021, HM Treasury (HMT) confirmed that it will take forward legislation to introduce a gateway for the approval of financial promotions of unauthorised persons. Once the gateway is in place, only firms which have successfully applied to the FCA to approve financial promotions will be permitted to approve the financial promotions of unauthorised persons.
Compliance with regulatory requirements regarding the approval of financial promotions has been a recent supervisory concern for the FCA, especially in circumstances where the products being marketed are complex and targeted at the retail market, and the FCA has issued a number of letters and publications setting out concerns and guidance for authorised firms approving financial promotions
The distribution of this banking trojan is one of its main strengths since the use of text messages impersonating delivery services companies is a really good idea for deceiving the victims and getting them to install the malicious application.
The mandatory geolocation in banking transactions came into force in Mexico as of March 23, 2021
For e-commerce and contact centre payments, cards have been the only payment option but are costly to businesses and increasingly difficult to use for consumers. Open banking regulation and technologies has created new options for businesses
Maslife partners with Paynetics for a new AI-powered payment and wellbeing app
New partnership aims to improve financial wellbeing through a gamified app experience
Ordo wins Open Banking Expo #PoweroftheNetwork Award 2021!
This 2021 report summarises a survey taken by over 200 payments professionals across the banking, financial, fintech and corporate sectors. It provides an overview of the payments landscape, explores the key findings, and provides insight into the various elements that had an impact on failed payments throughout 2020.
– Introduction
– Poor hygiene & Persistent threats – ‘perfect storm’ of online fraud
– Customers expect Banks to Know Your User
– Fraud Fighting Collective – Fraud Fusion Centers
– Overwhelmed with Alerts, Automation is key
– Clear ‘risk calculation’ – Frictionless First
– No silver bullet – but there are best practices
– Introduction
– What is BionicID™ analysis best suited for?
– Does BionicID™ data collection or analysis impact the user experience?
– Does BionicID™ data collection/analysis comply with SCA/PSD2?
– Does BionicID™ data collection/analysis (behavioral biometric digital identity) comply with GDPR?
– Introduction
– Physical vs. Behavioral Biometrics
– What is a BionicID™
– What makes Revelock’s BionicID™ solution unique in fraud prevention?
– What makes Revelock’s BionicID™ more accurate than other behavioral biometric solutions?
BPC, the global leading payment solution provider, has announced that Diners Club Peru has selected its commerce suite as part of its innovation program. Diners Club Peru is the third acquiring network in Peru, owned by Banco Pichincha Peru, part of the Pichincha Holding Group headquartered in Ecuador.
Award-winning fintech charity, and EPA member, Pennies has joined forces with Systopia, (point of sale and payment solutions for the foodservice sector) – to help drive digital “micro-donations” for UK charities, from businesses with on-site hospitality.
Ordo is making payments right – providing Open Banking enabled solutions that mean businesses can securely and simply collect payments from their customers, instantly. No hidden fees. No hassle. No worries.
Moja Ride, an Ivorian startup providing a reservation and cashless payment system for transport services in Abidjan, today announced it has partnered with O-CITY, powered by BPC for its next phase of digital innovation and future expansion.
Okay is mainly concerned about security and Strong Customer Authentication. However, that doesn’t prevent us from taking part in industry conferences or being a member of industry groups. In this blog, we take a look at a few of the hot topics that have been on the discussion table over the past year, with some insight as to where they may be headed.
In order to receive 3D Secure messages, process said messages, and authenticate card users, issuing banks must deploy Access Control Servers (ACS). To ensure that transaction integrity is never compromised, the Okay software works in parallel to prevent attacks and protect user information during confidential transactions. The process looks a little something like this:
Transact365 is more than a gateway. It is a methodology platform that has been designed to operate as a technical consultancy business, lending our years of experience and knowledge whilst building on new and exciting technology that can zero out fraud.
Monneo, virtual IBAN and eCommerce bank account provider, has unveiled an innovative new look logo and website design this week, as the brand expands across Europe and beyond.
Embedded finance is making waves in the lending industry by challenging the status quo – giving rise to a new breed of Fintech provider: the Lendtech.
While the goal of Lendtechs is not necessarily to compete directly with incumbent financial institutions on their turf, embedded finance – and subsequent embedded lending – has dented their market share. These legacy providers now have a choice: stick to what they know or embrace the opportunities embedded finance creates for their products and services by working in partnership with Lendtechs.
A major study reveals how banks and building societies are responding to the post-pandemic world.
A world where digital commerce has become the default and customers expect their services, including payment processing, to be real-time and traceable 24/7.
Multi-award-winning issuer processor Global Processing Services, behind digital banking giants Revolut and Starling Bank, ends the 2020 awards season on a high, winning Best Processing Programme at the Card and Payments Awards against Marqeta and PPS
Vista Bank Group in West Africa has chosen Radar Payments for its processing activities and to drive digital payment adoption in the region. The solution will include SmartVista’s card issuance and lifecycle management, payment switching, ATM and point-of-sales management as well as providing digital channels such as mobile banking and e-wallet; personalised to both retail and corporate clients.
Ordo now partnering with Payment Service Providers to transform #paymentsprocess with end-to-end, Open Banking Solutions that deliver the perfect alternative to card schemes, including eCommerce and QR code Point of Sale solutions.
Trust Payments is proud to announce its recognition as one of the “Best Companies to Work For” in several categories in the UK.
The payments group has received several employee-recognition awards, including one of the top 30 Financial Services firms to work for in the UK, as well as regional awards in London and Wales. It also received a 1 Star rating signifying ‘very good’ levels of workplace engagement.
Join us in this insightful webinar, with a range of experts in the mobile payments, cards and risk space, to learn how payments are changing, and how mobile applications can help strengthen authentication and improve your customer experience – all at the same time.
A KPMG Private Enterprise report on Venture Capital investment in UK scaleup businesses in the first three months of 2021
https://home.kpmg/uk/en/home/insights/2021/04/investment-in-uk-innovators-soars-to-record-level-in-first-quarter-of-2021.html
Trust Payments announced it has expanded into Ireland. The payments technology group will open an office in Dublin city centre as it seeks to benefit from local talent and rapid growth in the country’s FinTech sector.
ekko partners with Paynetics UK to power fintech arm of new app that is turning the tide on climate change
Paynetics’ sister company phos, the fintech behind the leading software point of sale (POS), has partnered with Nordics fintech innovator maxaa to give merchants access to a complete and affordable digital payments solution.
Join our cybersecurity and regulatory panel on Thursday 29th April, where we’ll discuss with experts from fscom about the top 10 questions that you as a senior leader in a financial institution should be asking your Chief Information Security Officer (CISO). 𝗥𝗲𝗴𝗶𝘀𝘁𝗲𝗿 𝗼𝗻 𝘁𝗵𝗲 𝗳𝗼𝗹𝗹𝗼𝘄𝗶𝗻𝗴 𝗹𝗶𝗻𝗸 >
https://attendee.gotowebinar.com/register/1363508082161590542?source=UK-Sales-EPA
One of the more vexing problems of the modern age when it comes to international business is that regulatory regimes often do not keep pace with technological innovation.
Nonetheless, novel solutions to B2B cross-border business have emerged in the form of virtual IBANs, financial instruments that drive the innovation economy and enable new, powerful business models.
Here we have outlined three ways that virtual IBANs are transforming the way companies do business locally and abroad:
When it comes to digital banking and compliance, robust KYC practices not only prevent fraud and financial losses but also strengthen a firm’s ability to conduct business with confidence.
This is typically because of the four key elements of strong KYC practices that make sure firms know who they’re doing business with and what to expect from that relationship.
We’ve identified the four essential elements of effective compliance in KYC practices for digital banking in order to show you how they help improve the competitiveness of businesses of any size or scale:
The year 2020 saw many of the innovations and prognostications of analysts come true as contactless payments and digital banking solutions drove the field of Fintech innovations. Looking ahead, however, 2021 could be the year that consolidates much of this growth and prepares the economy for the next stage of digitization.
We at Monneo have identified five major trends that we think are driving the Fintech innovations in digital banking, in 2021 and beyond:
The digital banking era is upending traditional payment solutions and transforming the global financial industry in the process. And this is on both the corporate and consumer level with changes in payments solutions reaching into every facet of the international economy.
These innovations in digital banking are not only enabling increased efficiencies and expediting capital flows at a rate previously unthinkable but also are leading the way in changing the dynamic and level of depth of the business-customer relationship.
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