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Open access, Open banking and Open APIs – Are banks Open for business?
With all the talk about open access, open banking and open APIs, it’s open season on ‘open’ in financial services at the moment. The PSD2 is driving the ‘open’ agenda for banks in Europe, yet the trend is global. Banks worldwide are also plotting their own routes towards a more open ecosystem. I thought it [...]
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FCA crackdown on contactless card fraud security flaw
The UK’s FCA has set out measures to tackle contactless card fraud on contactless cards which have been reported lost or stolen. In a letter to the Treasury select committee, the Financial Conduct Authority (FCA) said consumer losses on contactless payments were relatively small but in some circumstances cards could be used by a fraudster several [...]
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US e-commerce fraud rates spike 33% in 2016 – EMV shift to blame
Last year Experian reported that 2016 e-commerce fraud attack rates were on pace to surpass the 2015 totals. At the time, the fraud attack rates for the first half of 2016 appeared to be at least 15% higher than the 2015 total. That percentage turned out to be much higher as e-commerce fraud increased to 33% in 2016 [...]
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76% of merchants experienced complete payments outages within the last year
A new study commissioned by SafeCharge has revealed that payment outages and downtime are causing frequent disruption to merchants bottom line and growth abilities. The research ‘Payments, Interrupted’, conducted by WBR Digital, surveyed 200+ CFO, VP Finance, Payment Managers and Payments Controllers at large multinational retailers across Europe. The research assesses the current performance and [...]
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Russian e-commerce market hits new highs to reach €16 billion
The Russian e-commerce was worth €14.85 billion in 2016, an increase of 20% when compared to 2015, and is expected to rise rapidly to reach €16.14 billion at the end of 2017. These findings come from a study conducted by the Association of Online Retail Companies (AKIT), which shows that Russian consumers increasingly prefer foreign [...]
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