Keep up to date with the world

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.

With more and more customers shifting to online services the need for robust and scalable fraud prevention is in need now more than ever before. Payments fraud are not only the bane of every online retailer’s existence but also they are fraught with other dangers for consumers as well.

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.

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 patterns remain…

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.

While the Internet has certainly flattened the playing field for merchants that want to open an online storefront, it has not freed them from many of the same regulatory obligations that larger, more established firms must meet. This can only serve for optimal business development scenarios in an ever-evolving digital economy around the globe.

The decision to pursue Brexit was hardened when the British electorate re-elected Boris Johnson with an overwhelming majority. This was a turning point for the UK and led to a number of reaffirmations which however were made when no one has even thought about that months later we will be living in a world shadowed by Covid-19.

As more companies move their core operations online, the questions of data privacy and data security and how to handle them from an institutional standpoint