Welcome to Finextra. We use cookies to help us to deliver our services. We'll assume you're ok with this, but you may change your preferences at our Cookie Centre. Please read our Privacy Policy.
You don’t need to be an actuary to notice the correlation between the growth of ecommerce and the evolution of online merchant-based payment fraud. This is due two main factors: The first is the proli...
When sending an important parcel through a courier, you wouldn’t want it to get lost or end-up with the wrong individual. Think about the last time you’ve sent a birthday present through a courier. Yo...
Brave New World Would you believe, we still rely on fifteen-year-old technology for today's internet payment security? So much has changed in that time, the exciting news is we’re about to make a big...
The term “cashless society” is bandied around a lot. While there’s little chance of physical currency becoming obsolete any time soon, there’s no doubt that the rapid adoption of digital payment metho...
We were talking in the office recently about the pressure CEOs face when things go wrong. If a payment system falls over, and it hits the headlines, it can have a devastating impact on the business. A...
I was asked recently why Bitcoin is becoming popular with millennials. To answer, I have three points. First, Bitcoin works. As the Bitcoin evangelist, Andreas Antonopoulos pointed out in a tweet rece...
Criminal activity, including fraud, is ancient. But there is a type of merchant-based, online fraud relatively new to the payments industry. Known as Transaction Laundering (TL), this form of fraud is...
The Nigeria Inter-Bank Settlement System (NIBSS), along with numerous banks, have launched mCash as an alternative payment system in the populous country in Africa. mCash rides on USSD and anyone can ...
A staggering 109.3 million payments were processed in just one day in late September by Bacs Payment Schemes Limited (Bacs), the organisation behind Direct Debit and Bacs Direct Credit in the UK. Th...
Posted this in 2008 - edited now Had a discussion last week with a representative of a consumer organization at a conference in Brussels. It did strike me - again - how little interest these organizat...
Simplicity and flexibility. In the many conversations our teams have with corporate treasurers working in multinational organisations around the world, these are the two words we find constantly repea...
If you have transferred money to an overseas bank account lately, chances are it was processed by SWIFT. The Society for Worldwide Interbank Financial Telecommunications’ FIN messaging standard has al...