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Payment fraud prevention is an increasingly complicated and constantly evolving business. Issuers and merchants everywhere are being challenged by a growing variety of payment methods, which are fuelling the rise... more
E-commerce sales always explode at Christmas. This year, analysts predict the highest volumes ever for online shopping – and online fraud. Though the EU created SCA to combat online fraud,... more
Around the world, banks are opening up their customers’ financial data (with the customers’ consent) to third parties through application programming interfaces (APIs). The global trend of Open Banking allows... more
The post Open Banking: Consumer appetite for new banking services appeared first on Payments Cards & Mobile.
Last month, the European Banking Authority (EBA) announced an 18-month delay to the implementation of Strong Customer Authentication (SCA). However, the delay to PSD2 – which follows UK FCA’s own... more
The post 97% of merchants are already looking to leverage PSD2 appeared first on Payments Cards & Mobile.
Western Union has deployed full Open Banking application programming interface (API) access to its supporting front-end domestic and international payment applications through its Western Union Business Solutions unit. This new... more
The post Western Union delivers Open Banking API for global payments appeared first on Payments Cards & Mobile.