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Monneo - Virtual IBAN -Ecommerce
15 May 2020

How will the COVID-19 Crisis Impact the eCommerce Industry?

COVID-19 has a far-reaching effect on the global economy. It’s a fact. Companies are struggling to understand the full impact on businesses and how best to react to the new reality. ECommerce is one of the few areas currently showing signs of growth despite the overall economic breakdown. However, it…

Monneo Virtual IBAN B2B Payments
15 May 2020

The Future of B2B eCommerce

What are the Top 2020 Trends? B2B eCommerce is projected to be the area of the largest eCommerce growth from 2020 to 2025. In 2020 the global revenue in B2B eCommerce is anticipated to be two times bigger than the one from B2C sales. 1.      The gap between B2C and B2C…

How Covid-19 Is Accelerating E-Commerce Infographic Featured Image
03 Apr 2020

How COVID-19 is accelerating e-commerce?

COVID-19 has changed the world and many businesses are suffering as a result of the pandemic. Whilst some industries are negatively impacted by the restrictions and lock down, others seem to be increasing sales. Will this be an ongoing trend? Find out more in our latest info-graphic below.

GDPR two years on – should you still care?
01 Apr 2020

GDPR two years on – should you still care?

General Data Privacy Regulation (GDPR) became law in May 2018. It introduced specific requirements regarding how online merchants and all other types of organisation capture and store personal data relating to European citizens. At the time of its implementation, there was some confusion around the steps organisations need to take…

Monneo SCA cliff edge
20 Mar 2020

Strong Customer Authentication (SCA) – get ready for enforcement

New Strong Customer Authentication (SCA) legislation has proven to be among the most controversial change to the way online payments work in years. Some experts have described its potential consequences as a ‘cliff edge’ for online payments, confronting consumers with new demands for authentication and increasing likelihood of declined or…

Monneo Digital Banking
11 Mar 2020

UK fintechs eye new opportunity post-Brexit

The UK government has now set out its desired approach to its future trade deal with the EU post-Brexit. The recent attitude of senior UK government figures suggests that divergence from European regulations is its preferred direction. This could be just a bargaining position, but it continues to be a…

Monneo Digital Banking
05 Mar 2020

COVID-19 – the financial services impact so far

Coronavirus (COVID-19) might sound like a new payments industry acronym, but the virus is having an effect that is far from beneficial. Last month, fears raised by the continuing spread of COVID-19 wiped £200bn off the FTSE 100 in its worst week since the 2008 financial crash. In addition to…

MasterCard
26 Feb 2020

New Mastercard fraud and chargeback rules increase charges for long-term offenders

New Mastercard fraud and chargebacks rules were previewed at the G2 Risk Conference in London earlier this month. Monneo attended the conference to keep up-to-date with changes to regulations that may affect online merchants that use its virtual IBAN service. The changes will see Mastercard leverage its own Data Integrity…

Virtual IBAN
06 Feb 2020

Virtual IBAN – what is it and how can it help my eCommerce business?

Banking services have changed a great deal over recent years. Technology has given companies more choice than ever before, enabling businesses to access banking service more easily and flex them to better suit their business needs. Online merchants who need to receive money from acquirers and send funds to suppliers…

Brexit
03 Feb 2020

London to see influx of EU payments companies post-Brexit

London is likely to see an influx of EU fintechs that are keen to retain access to the huge UK market post-Brexit, according to new research. Data published following a Freedom of Information request by regulatory consultant Bovill, shows that more than a thousand payment companies, insurers, banks and asset…

Frankenstein fraud should shock cybersecurity providers into action
27 Jan 2020

Frankenstein fraud should shock cybersecurity providers into action

Fraud has moved past the concept of identity theft. As Notre Dame Federal Credit Union recently found out, financial institutions are not just fighting crime based on stolen identities. Fraud is being committed in the name of people who never existed in the first place. It’s called synthetic identity fraud…

Monneo expands multi-currency capability
20 Jan 2020

Monneo expands multi-currency capability

Merchants now have the ability to pay in 134 currencies from their Monneo virtual IBAN accounts. Research suggests that merchant demand for cross-border payments will increase 7% from 13.5 billion in 2019 to 14 billion by 2023. ‘We are pleased to be extending our international payments capabilities for merchants beyond…