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Mobile Payments: Will They Dominate The Market?

The idea of a comprehensive digital ID looks like the solution, but there’s much work to do in regards to implementing it. Such as which organization will have the responsibility of implementing such a thing, the extent to which consumers will feel comfortable using it, and the biggest one: are consumers ready to digitize their identity and put it on the internet.

All of these are possibilities and questions worth pondering, as technology advances, there are some compromises both organizations and consumers must make to keep new technologies from crashing and burning.

Report: Cross-Border Payments Are Projected to Grow Rapidly Over the Coming Year

Experience amongst the population with all of these remittance options has been mixed. 32% of consumer respondents and 37% of small businesses have experienced a failed or late payment. 47% of these businesses say the experience made them more wary of using cross-border payments, and as a result they choose to go with domestic suppliers, despite the higher costs.

European Union and Parliament Reached an Agreement on New Instant Payment Rules

European Union and Parliament Reached an Agreement on New Instant Payment Rules November 15, 2023 An agreement on the instant payments proposal has been reached between the Council of the European Union (EU) and the European Parliament. The proposal hopes to Improve the “Availability of instant payment options in euros to consumers and businesses in …

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Nordic Countries Set Example When it Comes to Adopting Contactless Payments

Nordic Countries Set Example When it Comes to Adopting Contactless Payments November 8, 2023 For many industries, Nordic countries seem to be the most adaptable – especially when it comes to improving quality of life while also reducing the environmental impact, so it comes as no surprise that these countries are still on the lead …

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Tackling ‘Friendly Fraud’: Introducing Mastercard’s New Program

Tackling ‘Friendly Fraud’: Introducing Mastercard’s New Program October 25, 2023 Mastercard recently launched a program that makes use of artificial intelligence (AI) and risk modeling, aimed at reducing “friendly fraud”, a type of fraud that involves customers challenging purchases mistakenly or intentionally. In a news release, Ajay Bhalla, president of Cyber & intelligence at Mastercard, …

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Chargeback Fraud Is On The Rise

Chargeback Fraud Is On The Rise October 17, 2023 The last few years have brought dizzying changes to many things, amongst these, technology and consumer shopping behavior have made unprecedented progress, especially after the COVID  pandemic. When the pandemic was at its worst, e-commerce saw a boom! As consumers relied on online shopping to acquire …

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UK Leaders Look to Artificial Intelligence to Mitigate Risk

UK Leaders Look to Artificial Intelligence to Mitigate Risk October 11, 2023 Amid uncertainty in the financial forecast, FIS conducted a study that takes a look at how this very problem influences innovation across industries.  The study, titled Global Innovation Report, interviewed 2,000 c-Suite and senior executives in both financial and non-financial industries across the …

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New Study Finds UK shoppers Are Willing to Spend More on Trusted Sites

New Study Finds UK Shoppers Are Willing to Spend More on Trusted Sites October 4, 2023 Forter, a fraud prevention technology provider, recently launched its first annual ‘Consumer Trust Premium Report‘, hoping to shed some light into the experience shoppers have, their habits, and brand trust ahead of one of the most important holidays for …

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