"ValidiFI, Inc.announced a strategic technology integration with PDI Technologies, a leader in the convenience retail and petroleum wholesale ecosystem, to offer real-time bank account validation within its consumer enrollment process for the PDI Payments solutions....
Unwrapping 2024 Canadian Holiday Shopping Trends
"This holiday season, from November 1 to December 24, Canadian total retail sales are expected to increase 2.2% year-over-year (YoY), according to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment. In-store shopping...
Papa Johns UK Rolls Out Network Tokens for Payments
"Papa Johns UK has seen a six per hike in card transaction acceptance rates after rolling out a new payment system that uses network tokens. The company, which has teamed up with Checkout.com, has turned card credentials into encrypted tokens that are used for payment...
Beacon Launches Digital Wallet for Immigrants Starting New Lives in Canada
"Toronto’s Beacon has unveiled Beacon Money, a digital wallet designed to empower immigrants as they transition to life in Canada. This addition to the MyBeacon Super App aims to simplify financial integration for newcomers, enabling them to confidently prepare for...
Gulf-To-Egypt Money Transfers to Be Enabled via Instapay Within Two Months
"Egypt - Money transfers from Saudi Arabia and the Gulf to Egypt will be available in two months through the country’s instant payment network, Instapay. Customers outside Egypt will be able to transfer money instantly from their bank accounts or electronic wallets to...
Central Banking of Egypt to Launch Card Tokenization System in Q1 2025
"The Central Bank of Egypt (CBE) plans to roll out its card tokenization system in the first quarter of 2025, according to Ehab Nasr, assistant sub-governor for payment systems and services. Nasr confirmed that all banks and companies have finalized the licensing...
‘Big Four’ Banks Test New AI-Based Fraud Tech [Australia]
"Executives from some of Australia’s largest banks say social media and telecommunications companies are not doing enough to fight scams and fraud on their platforms, as the country’s financial giants reveal they are testing a new layer of security billed as a...
Project Spectrum: Using Generative AI to Enhance Inflation Nowcasting
"The Bank for International Settlements (BIS) is launching Project Spectrum to explore how generative artificial intelligence (AI) can be used to automatically categorise billions of individual product descriptions and price observations to improve inflation...
ACI Worldwide Scamscope Projects APP Scam Losses to Hit $7.6 Billion by 2028
"Authorized push payment (APP) scam losses are on the rise, expected to climb to $7.6 billion by 2028 across six leading real-time payment markets (U.S., U.K., India, Brazil, Australia and UAE), according to the latest Scamscope report from ACI Worldwide in...
Why Bank Cards Are Changing in France
"Bank cards in France are set to change with the card number, expiry date and security code no longer set to be visible, in new measures designed to fight fraud and scams. With the new style of card, you will not have to enter any numbers to confirm purchases....