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FinancePaying in Latin America: Where Digital Growth Meets Alternative Payment Methods
Streamlining the Path to Sca Compliance
Date: July 1, 2022
By George Ralchev, Head of Risk at emerchantpay Payments technology is evolving fast. With contactless payments, digital solutions and alternative payment methods growing in popularity among consumers, the types and quantity of data merchants receive is rising. This influx of data is both a help and a hindrance. On the positive side, these extra insights...
Banking-as-a-Service Is Changing the Future of FinTech
Date: June 28, 2022
By Ion Fratiloiu, Head of Commercial, Yobota The Financial Services (FS) industry continues to undergo rapid change. Recently, there has been an influx of new financial products into the market. As consumers are faced with more choice than ever before, the rise of Buy Now, Pay Later (BNPL) products provides a shining example of an...
The Plastic Card Payment Pollution Problem: What It Is and How to Solve It
Date: June 28, 2022
By Jørgen Christian Juul, CEO, Cardlay. It wasn’t that long ago that we carried around cash to pay for everything, whether it was for getting on the bus, paying for our weekly food shop or buying a company meal. Despite credit cards being around since the 1950s, neither they nor debit cards became popular until...
How Consumers Are Taking Control of Their Finances Through New Payment Options
Date: June 21, 2022
By Günther Vogelpoel, CEO of Recharge.com explains The cost of living is looming over consumers as inflation rises to its highest level in 30 years, outpacing wage and benefit increases and further exacerbated by tax rises. Such economic uncertainty is shifting how consumers manage their budgets, with retail spending in Europe decreasing at a sharper...
UK Watchdog to Review post-Brexit Visa and Mastercard Fees
Date: June 21, 2022
By Huw Jones LONDON (Reuters) -Britain’s payment systems regulator (PSR) will conduct two market reviews of card fees charged by Visa and Mastercard, the U.S. companies that account for 99% of debit and credit card payments in the UK. The PSR’s announcement on Tuesday follows heavy pressure from lawmakers to launch full market reviews to...
Britain Plans to Regulate ‘buy Now, Pay Later’ Lenders
Date: June 20, 2022
By Elizabeth Piper and Huw Jones LONDON (Reuters) – Britain plans to make “buy now, pay later” (BNPL) companies carry out affordability checks, gain approval by the Financial Conduct Authority (FCA) and ensure adverts are fair and clear, the government said on Monday, in measures to regulate the sector. BNPL businesses, which are unregulated, typically...