In 2024, ransomware continues to be the most prevalent form of cyber-attack, affecting three out of four organisations, according to Veeam. The increasing frequency and sophistication of these attacks are driven by easy access to ransomware kits on the dark web and the significant profits cybercriminals generate through extortion schemes.

In the UK, authorised push payment (APP) fraud losses amounted to £459.7m in 2023. In reality, the cost is higher. Beyond the victim’s losses, there are the costs to the company in chargebacks, administration, mitigation, brand reputation and future sales.

With over 833.70 million cryptocurrency users worldwide as of 2024, the integration of digital currencies into mainstream financial and e-commerce systems is just a matter of time.

dLocal, the leading cross-border payment platform specializing in emerging markets, today announced its strategic partnership with USI Money, a prominent foreign exchange provider and money transfer operator.

Trustly, the global leader in Open Banking Payments, is on track towards processing $100 billion in Total Payments Value (TPV) in 2024, underscoring a substantial shift in the payments industry as merchants worldwide continue to explore card alternatives. To date, over 112 million consumers have used Trustly’s products globally, showcasing the appeal of Pay by Bank options at checkout.

The demand for real time data and transaction processing is driving a record number of Bank of America business clients to adopt Application Programming Interfaces (APIs). Over the last 12 months, Bank of America has seen a 51% increase [1] in clients using APIs, with growth driven by innovations that have simplified onboarding and accelerated speed to transact.

Entrust, a global leader in delivering identity-centric security solutions, today announced that The Huntington National Bank has selected the Entrust Digital Card Solution to enable digital wallet capabilities, with instant provisioning to third-party digital wallets from its mobile banking app.

Q2 Holdings Inc.  a leading provider of digital transformation solutions for financial services, today announced an expanded strategic partnership with Amazon Web Services, Inc. (AWS), an Amazon.com, Inc.

PayQuicker, the leader in global payouts orchestration, today announced the launch of its Common Bank Application, an innovative solution designed to modernize the bank approval process for clients. By eliminating the friction and complexity of managing multiple banking relationships, PayQuicker's new process centralizes approvals into a single, streamlined application, reducing onboarding time by half and driving operational efficiency for businesses worldwide.