Fintech

Around 75 per cent of Brazil’s population use Pix Pay, with 15 million companies offering the payment service as an option at checkout. It is by far and away, the most popular local payment method and as such, OpenPayd, the embedded finance infrastructure provider, is enabling its clients to send and receive payments via Pix. Since […]

Almost three-quarters of finance professionals in the UK are hoping to escape the sector, and are looking for a job elsewhere, as many say the profession has failed to keep pace with changing expectations. New research by Medius, an AP automation and global payment software provider, reveals a worrying trend for finance business leaders regarding […]

KPMG has launched a new ‘Clear on Climate’ reporting hub, which will provide insight and guidance to organisations looking to better understand how to best report on climate-related matters. As the general public becomes increasingly interested in how companies report on net-zero commitments and climate-related issues caused by climate change, regulator and stakeholder scrutiny of financial reports is […]

With Consumer Duty’s next deadline looming, new research from engagement, data and customer journey platform Moneyhub reveals just how much work firms still have to do before they realise the business and consumer benefits of the Duty. A year on from the introduction of the Financial Conduct Authority’s (FCA) Consumer Duty obligations, as many as two-fifths of customers have not noticed […]

Following a series of recent glitches affecting banks’ ability to release customer funds, the UK retail space has been hit with contactless payment issues In the UK, a nationwide issue has been reported with thousands of customers unable to make contactless or mobile payments at the nation’s leading retailers. Across social media, hundreds of morning […]

On Thursday, UK shoppers were hit by a payments outage, preventing them from making online and card payments using Visa and Mastercard. In retailing giants such as Sainsburys, ASDA, and M&S, there were hundreds of complaints of frustrated shoppers unable to buy their groceries, according to records on DownDetector. A Sainsburys spokesperson said to Sky […]

Fraud has reached epidemic levels, prompting merchants and payments companies to prioritize its reduction. Since biometric identification can help mitigate fraud costs, U.S. consumers are one step closer to scanning their face or fingerprint at the point of sale. In a new report, Are Consumers “Buying” Biometric Identification?,  Christopher Miller, Emerging Payments Lead Analyst, and James Wester, […]

The RTP Network, the instant-payments organization operated by The Clearing House, crossed a milestone by processing $1 billion in a single day for the first time on June 28. RTP, which is owned by 22 large global banks, also set quarterly records for transaction volume and value, handling 82 million transactions and totaling $55 billion. […]

Co-branded cards offer a more versatile alternative to the traditional private label store cards. Consumers can use their Amazon Chase Visa card to purchase goods from Amazon and buy groceries at their local store. Chase can adjust the rewards program to encourage everyday spending while maintaining loyalty among brand customers and offering the same options […]

Consumers increasingly want to move money with their mobile phone and see their account balances adjust immediately. Unfortunately, many financial institutions don’t have the infrastructure to provide the always-on experience their customers expect. That has left many banks and credit unions at a technological crossroads. They can retain their core systems and update them on […]