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In 2017, U.S. online retail experienced the largest year to year growth since 2011, and ecommerce represented 13 percent of total retail sales. Clearly, consumers like shopping online, and that trend...
Travel and tourism now accounts for a staggering 10.2 percent of global GDP . And, where there is money, criminals will follow. Add to that the specific nature of travel transactions – high value one...
Digital commerce has crossed its chasm of adoption and it is now part of the strategy for all major financial institutions to create an omni-channel environment for their end-customers. As the entry-b...
Which? has issued a report that claims the Big 5 Banks in the UK are closing their branches at the rate of 60 a month. If this is true, it will not be the run-rate of closures for long. Barclays,HSBC,...
A continuous strive towards making payment faster and easier is embracing technology innovation, like never before, which at the same time is creating newer risk exposures for frauds and money launder...
It stands to reason that 27% of my blogs at finextra are about core systems, only 5.6% are about payments, even though payments is relatively new, but core is 50+ yrs old. Core is the whole enchil...
I find myself sitting in Schiphol Airport, trying to switch off. But I can’t. As with everyone that went to Money 20/20 Europe, I’m exhausted. But I leave the show excited by the progress the payments...
Corporate payment processing is complex. It includes many steps and multiple parties and participants. This creates a number of operational challenges (and costs) for banks, but, more importantly, slo...
As banks examine their readiness to deliver on the potential of new real-time payment schemes and meeting customer expectations for an ‘always-on’ service, it’s an ideal time to consider not only real...
This letter is now public on the www.parliament.uk website, under /documents/commons-committees/treasury/Correspondence/2017-19/ This file name is visa-charlotte-hogg-040618.pdf Some tough questions t...
We have issued another call to Wolfsberg Group, this time to make major changes to the section in their Payment Transparency Standards 2017 on “On behalf of” payments, and the related Virtual Accounts...
The age-old art of hiding money from governments truly took flight in the online era. The good news for us (and bad news for cyber criminals) is that regulators are starting to use technology to catch...