Bank of Khyber (BOK), one of Pakistan's leading banking institutions, has announced a significant partnership with BPC, a leader in financial technology solutions, to enhance e-commerce and online transaction security for its customers. Under the agreement, all Mastercard debit Cards of Bank of Khyber will be equipped with 3D Secure authentication, conforming to the latest industry standards.

Selecting and installing a new payment system is a daunting task. Besides the financial investment, there is the disruption and impact on customer experience (CX) to consider. Yet get it right, and a new payment system can liberate retailers, laying the foundations for long-term success and growth. 

To help you make the right decision on your next payment system, here are seven often-overlooked steps you must consider:

2023 kicked off the beginning of some major changes set to impact the fraud landscape, both from the regulators and industry in terms of approaches to fraud prevention itself, and I expect them to gather speed in the coming year.

A holistic approach to APP fraud prevention

Much has happened since scams, or authorised push payment (APP) fraud, hit our radar back in 2020.

Thredd, a rapidly expanding next-generation global payments platform, announced its selection by Paytron, a full-suite workflow and spend management platform, as their global issuer processing technology partner.

SumUp, the leading global financial services company, today announced it raised €285 million in funding led by Sixth Street Growth with further participation by Bain Capital Tech Opportunities, Fin Capital, and Liquidity Group.

Lucinity, a cutting-edge provider of advanced financial crime prevention solutions, has agreed with Trustly, the innovative online payment solutions company.

Moneyhub, the award winning top 100 global fintech, has been granted permission to provide Credit Information Services by the Financial Conduct Authority (FCA).

CaixaBank has put together a multi-disciplinary task force of more than 100 people to exclusively analyse and deploy generative Artificial Intelligence in specific areas of internal and customer-related processes. The objective is to analyse the potential of this new technology and develop use cases in which AI contributes to driving digital innovation and improving processes in all of the bank's lines of activity, to improve its customers' satisfaction and its employees' user experience.

The festive period is meant to be one of cheer and happiness, but for two in five Brits it is one full of dread due to the extra financial pressure on them. During this time of the year, there is much expectation placed on people to buy gifts for family, friends and partners amongst other extra expenses.

The feeling of dread is one that is particularly felt by the younger demographic, with over half (53%) of 18-34-year-olds surveyed saying they dread the extra financial burden.