"The European Payment Council’s One-Leg-Out Instant Credit Transfer scheme (OCT Inst), which went live this week, enables payments to and from Europe to be processed 24 hours a day, seven days a week."
"The high cost of making cross border payments on the African continent has driven governments on the continent to seek options of settling transactions in local currencies giving birth to the Pan-African Payment and Settlement Systems scheduled to go live in 2024."
"Discover Financial Services announced that the Company’s Board of Directors has authorized Discover management to explore the sale of the Discover Student Loans portfolio and the transfer of servicing of these loans to a third-party provider as it pursues strategic...
"Asia Pacific travellers prefer using credit, debit and prepaid cards as payment method when travelling, according to the latest findings from Visa's latest Global Travel Intentions (GTI) study, underlining consumers' growing reliance on digital payment methods."
"Dynamic Yield by Mastercard today announced Shopping Muse, an advanced generative AI tool that revolutionizes how consumers search for and discover products in a retailer’s digital catalog."
"ACI Worldwide announced a partnership with financial technology company Mexipay to boost payment innovation in México."
How do Latin Americans Make Their Payments? Mastercard Reveals the Preferences Behind the Payment Methods of Choice in Latin America and the Caribbean
"Presented at the LAC Innovation Forum 2023, Mastercard's new research shows that trust in cards remains despite new digital payment methods."
"Digital bank robberies and other cyber hacks will be a key risk for countries launching digital versions of their currencies, a new report from the Bank for International Settlements has warned."
"Mastercard announced that its joint venture entity, Mastercard NUCC Information Technology (Beijing) Co., Ltd., has received formal approval from the People’s Bank of China (PBOC) and the National Administration of Financial Regulation (NAFR) to commence domestic...
In this episode, we talk with Oliver Manahan, Director of Engagement and Operations at EMVCo, to understand how EMVCo fulfills its mission, catch up on its 2023 initiatives, and try to peek over the horizon to see what might be in store next for EMVCo.