Banking

Banking

EPI new EU payment system
Banking Payments Trends

Will that be Visa, Mastercard, or EPI?

Not only will Americans be banned from travel to Europe, the big US payment companies may soon face competition by a new credit card system in development by 16 European banks. The new pan-European payments system is called the European Payments Initiative (EPI) and will ...
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Postbank fraud $3.35 M
Banking Credit Card & Online Fraud Cybersecurity

Out of Africa: Postbank scam hits 12 million South Africa bank customers

“Bank heist! How insiders stole millions and threatened the cybersecurity of more than 12 million South African bank customers.” It’s got all the makings of a made for the movies bank robbery. This was a criminal plot to steal the 36-digit code and “master key” ...
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plastic ocean waste
Banking Payments Technology

Recycled plastic payment cards reduce ocean waste

A new partnership of CPI Card Group (CPI) and Visa is another step forward in reducing ocean waste by using recycled plastic to create attractive new debit, credit, and other plastic payment cards. CPI’s Second Wave ™ card is recovered from ocean-bound plastic waste, recycled, ...
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agile financial business planning
Banking

4 Best practices for agile business planning

By Darrell Cox, CFO at Vena Solutions For companies today, being ready to pivot is—simply put—pivotal. Business conditions are ever-evolving, and change will continue to be constant. And as organizations look to navigate the road ahead, it’s strategic finance teams that are leading the way, ...
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Skrill global money transfers from US
Banking Payments Technology

Skrill launches free international money transfer service in US

Global payments platform Paysafe launched the Skrill Money Transfer service which allows customers to transfer money for free to friends and family in Mexico, India, and 16 other Asian and European countries. First launched in October 2018 in Europe, Skrill Money Transfer was designed to ...
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global payments news
Banking Payments Trends

June 5 Global news roundup:

Happy Friday and welcome to our weekly global payments news roundup. Lots of insight and business intelligence including what consumers are thinking, which retailers have had e-commerce success during the pandemic, new research reports, COVID-19 updates, fintech news, and much more news you can use. ...
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branchless banking future
Banking Cybersecurity

The biggest danger to branchless banking?

With a third of the global population on lockdown and scores of bank branches closed, many are convinced that branch banking is dead, and the future is branchless. Is this really true? Branchless alternatives like Revolut, N26, Monzo, and NuBank let customers achieve the same ...
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UK fintechs have lessons for US digital banks
Banking Disruptive Technologies Fintech

Fintech in America: Lessons from across the pond

By Giffard Hogge, Product Manager, Somo The UK and the United States share culture, history, and language. But it is only after moving from the UK to live in the US that I have become more acutely aware of the more subtle differences between our ...
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May 22 global payments news
Banking E-commerce Fintech

May 22 Global payments news roundup: PayPal QR codes, vendor payments, US bank loans relax, Amazon/JCPenney, trust in banks, Alibaba growth, more…

Welcome to our Friday payments, fintech, and e-commerce news roundup with the business intelligence to keep you ahead of your competition. It was a busy week with much research on post-COVID-19 projections and possibilities and lots of new product announcements that caught our attention. PayPal ...
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pandemic leads to banking turbulence
Banking Fintech

Remaking banking services after the pandemic

The fast-changing habits and needs of consumers, partly shaped by the coronavirus pandemic, will require banking and financial service leaders to adjust their services and their way of thinking if they want to build resilient organizations that thrive in the near future. In an intriguing ...
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