New insights from Experian today reveal the rise of ‘synthetic fraud’ in the UK.

Analysis of confirmed fraudulent and potentially fraudulent credit applications shows that there was an increase of 60% in false identity cases in 2024 when compared to 2023, with the cases now making up nearly a third (29%) of all identity fraud cases.

An historic milestone will be achieved, where payment executives from around the globe have gathered to witness the world’s first online card-present payment. This groundbreaking advancement brings tap and PIN—the globally familiar, simple, and universally trusted way to pay—into the online world for the first time, marking a pivotal moment in the evolution of payment technologies.

Guavapay, a leading provider of end-to-end payment solutions headquartered in London, UK, announced the appointment of Guy Noble as its new Chief Executive Officer (CEO)- Guavapay UK. With an extensive background in the financial services and fintech sectors across the globe, Guy will lead the company into its next phase of global expansion, product innovation and market leadership.

Jack Henry™ announced today an extended collaboration with Mastercard to offer Mastercard Move, Mastercard’s portfolio of money transfer solutions, through Jack Henry Rapid Transfers™, a cloud-native service that will enable near-real time* money movement. This includes account funding and a variety of payment use cases in the United States via the Mastercard network.

OakNorth, the leading commercial digital bank for entrepreneurs by entrepreneurs, today announces that it has agreed to purchase Community Unity Bank (CUB), the home-grown, FDIC-insured community bank based in Birmingham, Michigan, in a stock for stock transaction. The acquisition, which is subject to regulatory approval, follows authorization which OakNorth received in August 2024 from the Federal Reserve and the New York State Department of Financial Services for a Representative Office in New York.

Starting this week, eligible Cash App customers will begin to have access to Afterpay’s leading pay over time products when shopping online at partner merchant sites. In recognition of this change, Cash App and Afterpay, part of Block, Inc., have debuted an evolved brand, Cash App Afterpay, with a new logo for their checkout to expand access to a seamless Pay Over Time experience from one of the most preferred and trusted brands in the market and connecting with hundreds of thousands of merchants.

Viamericas, a leading provider of remittance and international money transfer services, is proud to announce the opening of its new office in the Philippines. This expansion underscores Viamericas’ commitment to the Filipino market and also serves as a pivotal step in its broader strategy for growth across Asia and Asia-Pacific (APAC) regions.

Committed to a holistic approach to diversity and inclusivity, global payments platform, Ecommpay, has announced plans to run neurodiversity awareness training for all employees, partners and clients as it marks 

Visa, a world leader in digital payments, and MISA, a provider of digital transformation solutions for finance, accounting, and enterprise management, announced a strategic collaboration to empower Vietnamese businesses through comprehensive digital payment solutions. This collaboration marks a significant step towards accelerating digital transformation within Vietnam's business community, fostering greater financial inclusion and operational efficiency for enterprises of all sizes.