Instant Cross-Border Payments Gain Traction Amid Scaling Challenges
More than half of global consumers have made instant cross-border payments for goods and services, and that market is projected to grow. Approximately 63% of consumers have used instant payments systems to send funds across borders to friends and family, according to a recent report by GlobalData. The study also estimated that European cross-border payments […]
The UK Is Making Banks Reimburse Victims of APP Fraud
The UK has introduced new regulations requiring banks and other payment firms to reimburse victims of authorized push payment (APP) fraud, where individuals are deceived into sending money to criminals. The rules require banks to refund customers who are not at fault within five business days, with a reimbursement limit set at £85,000. This applies […]
Emerging Payments: Trends, Technologies, and the Future of Transactions
It’s increasingly common for consumers to pay at the point of sale using Apple Pay or Google Pay. This transaction is made possible by two emerging payments technologies: contactless payments and digital wallets. If a customer has integrated a buy now, pay later option into their digital wallet, that single transaction could include three payments […]