Rise is Identity Verification due to COVID-19 September 16, 2020 Innovation in the digital age has taken on many forms and Germany-based company IDnow has moved into the technological landscape by offering a necessary tool—cyber-security. Armin Bauer, CTO and Founder, provides perspective on the role IDnow plays in wake of the pandemic: “COVID-19 has really …
Does Slow Banking Mean Less Security? September 10, 2020 Perception is a hell of a thing. USwitch, a UK-based online and telephone comparison and switching service, reviewed consumer perception of slow loading websites, testing brands in banking and digital service. Included in the tests were TSB, Lloyds, Barclays, and Natewest and digital banks Monzo, Starling …
Harnessing the Power of AI to Transact September 3, 2020 Visa Inc. released news of its newest capability: Visa Smarter Stand-in Processing (Smarter STIP). The AI (artificial intelligence) platform offers financial institutions a powerful tool to “manage transaction authorizations when service disruption occurs.” Debuting this October, the technology boasts the latest in deep learning, using …
eCommerce Transactions During COVID-19 August 26,2020 The past year has changed the landscape of digital consumerism. eCommerce transactions increased 19% in July 2020 by comparison to the same month in 2019. An in-depth analysis conducted by ACI Worldwide has sifted through hundreds of millions of eCommerce transactions across the globe. The data presents very striking …
Young Consumers Drive Alternative Payment Methods August 19, 2020 A recent study conducted by PPRO illustrates the nascent rise in alternative payments’ popularity among younger generations. The study highlights a growing trend among the UK’s youth, whose adoption of alternative payment methods (APM’s) have been accelerated by the ongoing COVID-19 pandemic. Roughly 42% and 35% …
Young Consumers Drive Alternative Payment Methods Read More »
UK Finance : eCommerce Customer Authentication August 12, 2020 The UK’s Financial Conduct Authority has authorized an extension for “implementation of strong customer authentication in respect of e-commerce payments.” The decision, made in April, is accompanied by a three-phase implementation plan which aims to have SCA compliant measures in place by the September 2021 deadline. …
COVID-19 Tips for Billers August 3, 2020 The novel Coronavirus has tested all facets of modern life and impacted businesses large and small in the service sector. Billers now have to contend with offering their customers safe, convenient and affordable ways to handle funds while respecting social distancing and stay-at- home measures. As a result, …
