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Tag: Faster Payments

Mitigating fraud risk : effective strategies for small financial institutions

In 2023, the Canadian Anti-Fraud Centre reported a staggering $554 million in victim losses related to fraud and cybercrime — nearly 5 per cent...

BVNK Expands Operational Reach with EMI License

BVNK, a financial services provider, announced today the acquisition and activation of its Electronic Money Institution (EMI) license in Europe. The development includes the acquisition and operationalization...

Realtime Payments: A Threat to Traditional Cross Border Payments

1. Introduction It is no secret to many scholars and stakeholders in the banking industry that technology is quickly reshaping the sector. Indeed, technological advances...

Real-Time Payments and Economic Growth: A Symbiotic Relationship

The synergy between real-time payments and economic growth is reshaping the landscape of financial transactions. This intricate dance between instantaneous transfers and overall economic prosperity highlights...

Understanding consumer protection and commercial VRPs

The emergence of Variable Recurring Payments (VRPs) marks a significant milestone in the realm of open banking payments. These innovations are not only elevating...

TCS Edges Closer to Taking Over UK’s Faster Payments Service

In the UK's financial technology landscape, Tata Consultancy Services (TCS) is poised to assume control of the country's Faster Payments Service. The move positions TCS as...

Cash on Demand: The 3 Secrets of FED Now’s Financial Wizardry

In the fast-paced world of financial services, staying ahead of the curve is essential for businesses of all sizes. The introduction of the FED Now...

Faster payments + rewards | Julian Anderson, Divit

In this episode of DigFin VOX, startup founder Julian Anderson talks about how his fintech, Divit, is combining rewards systems and other services for...

Corporate Payments in 2024: APP fraud, ISO 20022-readiness and generative AI

The start of a new year is a natural time to consider what lies ahead. Here, we look at four key themes in corporate...

How Mastercard and 4thWave are Rewriting EEMEA’s B2B Payment Script

In a strategic move to bolster its commercial payments sector, Mastercard has entered into a groundbreaking partnership with 4thWave, a revolutionary Banking-as-a-Service (BaaS) digital platform provider....

Wirex Integrates ZeroFox to Combat Dark Web Threats

Wirex has incorporated ZeroFox's monitoring tools to combat the threats from dark web activities and money mule accounts. According to the company’s press release,...

Reimbursement of APP Scams: Boost for consumers/SMEs

The Payment Systems Regulator issued Specific Requirement 1 on the Faster Payments Scheme Operator (Pay.UK) to insert APP scam reimbursement into Faster Payments. The...

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