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1 month ago | 
paymentscardsandmobile.com | Anna Milne
The landscape of instant payments in the US is evolving rapidly, driven by the dual forces of the Real-Time Payments (RTP) network and the Federal Reserve’s FedNow service. Despite the complexity of the US banking ecosystem – comprising a vast network of regional, national and international financial institutions – both schemes are making significant strides toward accelerating real-time transaction adoption.
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2 months ago | 
paymentscardsandmobile.com | Anna Milne
AI technologies are manifesting in many different ways, solving many different problems and creating many new opportunities in payments and financial services. There are operational applications, that serve middle to back office efficiency goals, and front office developments that create novel solutions and services for the end user.
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2 months ago | 
paymentscardsandmobile.com | Anna Milne
HomeRegulationRegulation: Collective responsibility or competitive ruthlessness?
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2 months ago | 
paymentscardsandmobile.com | Anna Milne
Commercial Variable Recurring Payments (CVRPs) are for many the true catalyst for Open Banking services and the payments industry is poised for their take-off.
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2 months ago | 
paymentscardsandmobile.com | Anna Milne
E-commerce in Europe is in an interesting state. It is both in its heyday and on a trajectory to flourish and grow well into the next decade while at the same time being challenged by hostile economic conditions, unusual competitive forces and regulation. Other factors, such as sustainability and green policies are putting it at odds with itself.
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2 months ago | 
paymentscardsandmobile.com | Anna Milne
The UK fintech industry is at a pivotal moment. Regulation, reputation, growth and investment are under the spotlight, and happily so. These are not mutually exclusive. The powers that be need to act fast to maintain the rude health of the UK’s world-renowned financial services. The UK government and the regulating authorities are looking into the state of affairs and what can be done not only to maintain the growth and resilience of the sector but also to grow it.
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Jan 23, 2025 | 
paymentscardsandmobile.com | Anna Milne
Figures vary as to the availability of crypto acceptance globally by merchants. In the sartorial style stakes, some bold moves have been made to advance the appeal and extol the virtues of digital currency. According to statista, 5,968 businesses in the US accepted crypto as an in-store method of payment, as of 2024 sources, and was the top of the list. The second highest number was 1,366 in Italy, followed by 1,133 in Slovenia.
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Jan 14, 2025 | 
paymentscardsandmobile.com | Anna Milne
In the labyrinth of news about AI, payments transformation and regulation, much of it can feel generic. When it comes to payments, where are payment providers and banks directing their investment in AI, how is it supporting developments in payments specifically? In short – can automation, machine learning help payments firms navigate large payments modernisation projects, and quite apart from this, should we be navigating a more serious discussion on energy resource and compute power?
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Jan 9, 2025 | 
paymentscardsandmobile.com | Anna Milne
In an unusual about-turn, the UK’s Payment Systems Regulator (PSR) issued a statement confirming the implementation date for the APP fraud (Authorised Push Payments) protections to come into effect, and a new cap for mandated APP fraud reimbursement. The limit being consulted is £85,000, a whopping reduction of £330,00 from the previously touted maximum reimbursement. This value had been set in line with the Financial Ombudsman maximum reimbursement limit at the time.
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Jan 8, 2025 | 
paymentscardsandmobile.com | Anna Milne
Open Banking in the UK and Europe was introduced in 2018, with regulations mandated by the EU’s Payment Services Directive 2 (PSD2). Six years later, has it caught on in America? The premise was to level out the competition playing field, allowing fintechs greater access to consumer payments and funds and dismantling the dominance of the few large banking providers- all in the interests of the consumer.
