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UK: businesses’ compliance capabilities are worryingly below par

UK: businesses’ compliance capabilities are worryingly below par March 22, 2023 Quod Orbis, leaders in Continuous Controls Monitoring (CCM) and cyber security services, recently released a report analyzing the compliance capabilities of UK businesses. This report looked at senior IT decision-makers at businesses of more than 1,000 employees in a wide variety of sectors, and …

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American SMBs redirect $225Billion to third-party providers

American SMBs redirect $225Billion to third-party providers March 15, 2023 A recently published whitepaper from BankiFi and RedCompass Labs unveiled American small and medium businesses (SMBs) who used to be reliant on traditional financial institutions for their payment services needs, are ditching them in favor of third-party providers. Annually, American SMBs spend roughly $225Billion on …

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Financial Organizations in the UK Spend £22k per Hour in the Fight Against Fraud.

Financial Organizations in the UK Spend £22k per Hour in the Fight Against Fraud. March 7, 2023 In your daily life, have you ever wondered just how much money it costs to fight fraud? I hadn’t until today, and the answer to that, at least in the UK, is a whopping £22k per hour. The …

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Research: What Has Become Of Traditional Cash?

Research: What Has Become Of Traditional Cash? March 01, 2023 As we have previously stated in past blogs, the popularity of cashless continues to grow. The ‘why’ is no mystery; this is truly a digital age, and our phones have quickly become a true ‘Swiss army knife’ for all aspects of life: among them, payments …

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The Importance Of Digital Identity In Today’s Payments Landscape

The Importance Of Digital Identity In Today’s Payments Landscape February 22, 2023 In a recent article by PYMNTS, the importance of digital identity was discussed with the vice president of strategy at Prove, Steve Durney. According to Durney, while digital identity was previously thought to be “tick-the-boxes” technology, there is a way for companies to …

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Projection: EU and UK announce a new timeframe for digital euro and digital pound

Projection: EU and UK announce a new timeframe for digital euro and digital pound February 15, 2023 The last decade has seen unprecedented changes in the payments landscape, including the rise of digital currency. As a result, governments are now looking to launch their own digital currencies as a way of anticipating any private sectors …

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RDR: Visa Verifi’s Rapid Dispute Resolution product explained

RDR: Visa Verifi’s Rapid Dispute Resolution product explained February 08, 2023 In recent years, e-commerce has rapidly grown, and with it the demand for technological advancement to process digital payments. With the steady rise of online sales, disputes and chargebacks have run rampant, leading to many sellers having to take mitigation measures in order to …

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Fraud: Prilex Can Now Target Contactless Payments

Fraud: Prilex Can Now Target Contactless Payments February 1, 2023 As technology advances and humans find new ways of making life more convenient/safe, so do criminals and their ability to catch up. That being said, recently, three new variants of Prilex malware have been uncovered. Prilex is a notorious threat actor that gradually evolved from …

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ACI Worldwide Launches ACI Wallet Hub

ACI Worldwide Launches ACI Wallet Hub January 25, 2023 In the past few weeks, we have extensively taken a look at the benefits of digital wallets, and how versatile they can be even in countries where war rages on like Ukraine. Today, as said digital wallets’ global engagement continues its growth, ACI worldwide announced the …

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How Digital Payments Have Helped SMBs Stay Afloat In Difficult Markets

How Digital Payments Have Helped SMBs Stay Afloat In Difficult Markets January 18, 2023 In recent years the world has faced tough economic challenges. Not only are recession and inflation creeping up on the global economy, but war as well. In a recent article by PYMNTS in collaboration with Payoneer, it was revealed exactly how …

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