Payments News
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Risk & Fraud

Britain’s Digital Payments Have Gotten Too Fast

“Unlike debit and credit card networks, which have certain types of fraud protection , consumers have had little recourse from scams involving bank-to-bank transactions. More than £600 million ($772 million) was stolen through scams, including unauthorized card fraud, in Britain during the first six-months of the year, according to trade association UK Finance .”

On The Web

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Systems

Large Bitcoin Player Manipulated Price Sharply Higher, Study Says

“A single large player manipulated the price of bitcoin as it ran up to a peak of nearly $20,000 two years ago, a new study concludes. The study reviewed the period between March 2017 and March 2018, when the price of bitcoin soared and its total market value rose to $326 billion. About half of […]
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Systems

Andreessen Horowitz Launches Free Crypto Startup School

“With this initiative, a16z wants to democratize cryptocurrencies. Dixon and the a16z team has been involved in the cryptocurrency/blockchain space for seven years, and the firm now wants to share some of its learnings with entrepreneurs. This way, it could give a boost to the crypto community, which could create investment opportunities for a16z down […]
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Reports

U.S. FASTER PAYMENTS BAROMETER — SURVEY RESULTS

“Glenbrook and the U.S. Faster Payments Council (FPC) are pleased to present results from year one of the U.S. Faster Payments Barometer. In the inaugural survey, over 700 industry professionals with broad representation from across the ecosystem responded. Results revealed how respondents are using faster payments today, the challenges facing their organizations, and what the industry […]
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Global

Google, Walmart Help Drive India Payments Past 1 Billion Transactions

“Indian digital payments took off when the government pushed demonetization in 2016, invalidating most of the country’s high-value currency notes in a move to curb corruption and push Indians away from cash. The Unified Payments Interface or UPI has now surpassed a 100 million users three-and-a-half years after its launch, thanks to booming smartphone use […]

On The Wires

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Systems

Visa Statement on Tencent’s Intent to Support International Card Schemes Into Mobile Wallet

““Visa believes this is a great step forward, both for consumers travelling to China and the overall payments industry. In a truly global commerce environment, collaboration is essential to provide consumers with a seamless payments experience. Visa is excited to work with Tencent, one of China’s leading fintech companies, on a secure, convenient and interoperable […]
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