JPMorgan to Facilitate Real-Time USD Payments in India
JPMorgan’s recently rebranded digital assets unit, Kinexys, will enable commercial clients of India’s Axis Bank to send and receive USD transfers in real-time both domestically and cross-border. According to Reuters, this will be the first time organizations in India will have access this functionality. Two key benefits of this feature include greater flexibility and increased […]
Fraud Concerns May be Slowing Real-Time Payments Adoption in the UK
Although real-time payments have been available in the UK for some time, adoption has been slower compared to many other parts of the world, likely due to security concerns. A study conducted by FICO found that while 79% of UK consumers surveyed have used real-time payments, this lags behind the 14-country average of 91%. Additionally, […]
Why Risk Management Should be Top of Mind for Credit Card Issuers
Credit card issuers are navigating a landscape filled with macroeconomic challenges, regulatory uncertainty, and financially strained consumers. Unfortunately, the road ahead remains uncertain, making it critical for issuers to take proactive measures to protect themselves as charge-offs and delinquencies mount. In the Credit Card Databook, Part 2: Balancing Risk and Reward in a Resilient Economy […]