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As multiple aspects of daily life migrate towards the virtual space, traditionalists still try to cling to the notion that love can be found by happenstance meeting or while out and about in public. We in the digital banking space know the truth to be something quite different from this.

The rise of the Internet and the spread of smartphones is, together, perhaps the single most powerful force of economic change ever at any point in history.

Fraud prevention in business is often priority number one for merchants operating in the online marketplace. But fraud detection is often about more than being wary of all of those potential threats that lurk on the horizon while online. In fact, sometimes a crippling security compromise can emerge within your very team itself, whether on purpose or by accident.

Despite the industry’s growing consumption and acceptance in the 21st century, it’s still notoriously known for excessive amounts of fraud and chargebacks. As a result, traditional processors such as banks tend to avoid merchants in the adult industry.

A PYMNTS.com interview: As eCommerce and B2B payments expand across borders, time zones and currencies, virtual international bank account numbers (IBANS) can pave the way for firms to capture online sales efficiently — and bypass the frictions of traditional banking relationships. A virtual IBAN is a reference number issued by…

One of the fastest-growing segments of the financial services industry is the movement of retail banking customers from traditional banking solutions to new digital banking service providers. To be fair, some of these “new” digital banks are actually just the traditional banks with a new shape and format, and sometimes even a different name.

Extract from a PYMNTS.com interview: In Europe, the great digital shift is spurring traditional banks to play a bit of catch-up. Lilia Metodieva, managing director at Monneo, told PYMNTS platforms that link solution providers, partners, banks and merchants together can help speed that pivot toward eCommerce with agility as consumer buying…

One of the fastest-growing segments of the financial services industry is the movement of retail banking customers from traditional banking solutions to new digital banking service providers. To be fair, some of these “new” digital banks are actually just the traditional banks with a new shape and format, and sometimes even a different name.

Digital banking is not only expected to ultimately displace traditional banking when it comes to most retail aspects of finance management.

Agile businesses adapt to the times, providing the market with needed services as they arise as well as new opportunities. This second aspect, helping clients realize new opportunities, is increasingly displacing the traditional model of banking facilitated capital allocation.

It’s amazing how many efficiencies online services bring to daily life. It’s especially bewildering when you consider how, culturally, many of the things we take for granted today were largely unheard of just decades ago.

The news that German payments and digital banking firm Wirecard was insolvent sent shockwaves through much of the industry but, as with any corporate scandal, the contours of this one are already quite well known. Compared to entities like Enron and Worldcom, it would seem that Wirecard had engaged in…