Fintechs and financial service organizations petitioned the Federal Reserve in hopes of participating in its FedNow pilot, which went live Jan. 25, 2021. Designed to make payments faster, safer and more convenient, the initiative and its pilot program will support development, testing and adoption of the FedNow Service, FedNow program managers stated. Esther George, president…
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During COVID-19, demand for digital goods and services has drastically increased as customers have been forced to shop safely from home and businesses have entered into the online space, some for the very first time. As a result, new demographics and geographies have warmed to this digital way of doing things – such as older…
According to the European Central Bank, 79% of all card fraud in 2018 occurred online from Card Not Present (CNP) transactions. In cash terms, this equates to €1.43bn in fraud losses and represents a whopping 17% increase on the previous year.[1] Against this backdrop you’d be forgiven for thinking that, for merchants, PSD2’s Secure Customer…
The Quick Service Restaurant (QSR) industry has been witnessing significant changes over the years. Increased competition, rapidly advancing technologies, consumer expectations, concerns over environmental sustainability and changing preferences towards healthy food are only some of the factors which have driven growth, adding a modern twist to the traditional dining experience. With the COVID-19 pandemic accelerating…
Merchants are having to up their game and redesign and restructure every aspect of the customer journey as the world around them is rapidly shifting to digital channels due to both consumer demand and the global pandemic. Part of this is payments which has remained relatively unchanged for years. But it has meant that brands…