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Why P2P payments remain prone to social engineering fraud

The rising use of peer-to-peer transfers continues to attract scammers due to the transactions' speed and finality. If the banking industry can't solve the problem, regulators or judges are likely to step in. ....

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New GoCardless president, a Mastercard vet, eyes global expansion

Paul Stoddart joins the U.K. company at a crucial time. A specialist in account-to-account transfers, GoCardless sees an opportunity to capitalize on friction over interchange rates. ....

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Banks gearing up to test real-time payments across borders

About two dozen banks in the U.S. and Europe, including ABN Amro and Bank of America, are working with The Clearing House and EBA Clearing, using technology from SWIFT, to make instant international transactions ubiquitous for business and e-commerce sales. ....

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The Growth of Real-time and Faster Payments Is Driving Consumer Demand

Boston, MA (PRWEB) March 03, 2022 2021 was an important build-out year for real-time and faster payments in the U.S., as explored in Mercator Advisory ....

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How Visa and Mastercard's ban could disrupt Russian payments

The card brands have blocked large Russian banks from their networks in response to the Ukraine invasion, a move that may dramatically curtail retail transactions, ATMs and e-commerce. ....

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