A quick Google search on the global payments landscape will serve up a myriad of articles ranging from how COVID has accelerated the adoption of contactless and the rise of digital technologies, but also how financial crime is on the rise. Visa’s recent ‘Back to business study’ notes that the number one area of tech…
Read Article
More than 10,000 professionals from around the world attended HK Asia Financial Forum, held online for the first time on January 18 and 19, 2021. Presentations by government officials, regulators and executives from top investment banks explored the conference theme of reshaping the global economic landscape. The agenda’s broad mix of topics included perspectives on…
Since its inception, the payments journey has been marked by technology migrations flowing back and forth across geographic regions. As early deployers of EMV cards, Europeans modeled the way for adoption of highly secure chip-and-PIN and contactless digital payments well before the United States began migrating from mag stripe to EMV and contactless payment schemes.…
Digital commerce will increase, and so will fraud In 2020 we saw many firsts, which affected every person on the planet. ‘Lockdown’ became part of our everyday language and as we acclimatised to being home and not having access to brick-and-mortar stores, we looked for alternative channels to source the things we need. Almost as…
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…