In the Payments Cards and Mobile July/August 2018 Issue
CYBERCRIME: TESTING TIMES
Cybercrime is booming. Banks and financial services companies are targets for criminals following the money and for nation-state actors and others looking to destabilise financial infrastructure. Ethical hackers, sometimes known as penetration or pen testers, are tasked with finding vulnerabilities before the bad guys. So, how bad is it out there? And what can financial services companies do to protect themselves?
The benefits and functionality of prepaid are now being appreciated by all types of issuers and customers. Prepaid is increasingly becoming the infrastructure of choice for FinTech innovation. So, what does the future hold, and what can other parts of the payments industry learn from prepaid?
CASH: DOWN, BUT NOT OUT
Cash is a capital-intensive business and nowhere more so than with ATMs. With cash usage generally declining and the fixed and unit costs of providing cash access rising, banks are looking for better, faster and cheaper ways to manage their ATM estates.
DEBIT CARDS PUSH CASH INTO SECOND PLACE IN THE UK
Debit cards have overtaken cash as the most frequently used payment method in the UK, according to UK Finance. At the end of 2017, UK consumers had made 13.2 billion debit card payments compared to 13.1 billion cash payments.
CRYPTO-MANIA TO GO MAINSTREAM?
ICOs: a new way to raise capital and a profound financial innovation or part of the hype around cryptocurrencies?
STRONG CUSTOMER AUTHENTICATION: A MATTER OF OPINION
The European Banking Authority (EBA) clarifies a number of issues in the regulatory technical standards (RTS) on strong customer authentication.