C-level executives – who have access to a company’s most sensitive information, are now the major focus for social engineering attacks, alerts the Verizon 2019 Data Breach Investigations Report. Senior executives are 12x more likely to be the target of social incidents, and 9x more likely to be the target of social breaches than in previous years – and financial motivation remains the key driver.

All the hype about digital transformation in financial services risks eclipsing something really important: that this ‘new dawn’ of open banking extends only as far as the connectivity layer that enables payments to be authorised. It doesn’t touch the back-end systems that actually move the money.

For many, this doesn’t matter. For a whole host of payment use cases like e-commerce transactions, domestic account transfers and credit card payments, the fact that the customer’s bank simply adjusts their balance when a payment is authorised is more than enough.

TransferGo, one of the world’s fastest growing money transfer companies, today announced that its global customer base has surpassed one million and continues to grow by more than 2,000 new users each day. This landmark follows a $3.4 million investment from Seventure Partners, one of the European leaders in venture capital.

Commenting on new online payment rules coming into force in September 2019, Keith McGill, Head of ID and Fraud at Equifax, explains how retailers can maximise the opportunity to make payments more safe and convenient:

With fraud increasing, and younger generations who love to shop online particularly vulnerable, it’s vital businesses put stronger payment processes in place. The challenge is to strike the right balance between customer convenience and security.

Flywire and UnionPay International today announced that they are re-launching a promotional program that provides Chinese students and patients with discounted foreign exchange rates on cross-border tuition and healthcare payments.

Tryzens, a leading digital commerce consultancy, recorded an impressive 68% revenue growth in 2018, boosting top line revenue to £11.9 million and generating a profit of £0.9 million reflecting the tremendous focus around digital growth and transformation in retail.

Two of the biggest names in payments — Klarna and Stripe — have today announced their latest partnership offering Klarna’s Pay in 3 for music lovers heading to Hideout Festival this summer through ticketing platform, Kaboodle.

Hideout, the leading annual electronic music festival, is entering its 9th year on the famous Zrce Beach in Croatia, and the option to pay with Klarna will be available for accommodation, flight and coach packages with the possibility to include tickets.

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced the release of a new white paper that explores the current structure of the U.S. Treasury securities market, highlighting potential risk and resiliency issues, and describing initiatives that could promote greater use of central clearing.

FSS (Financial Software and Systems) the global digital payment and financial technology company, has been recognised at the 2019 edition of the prestigious Golden Globe Tigers Award held in Malaysia for excellence and leadership in cards and payments. 

The company received top honours for its Prepaid Card Management Suite, Payment Gateway and eFInclusiv in the categories ‘Best Prepaid Card Product,’ ‘Best Online Payment Solution‘ and  ‘Best Alternative Payment Solution.‘  

Kofax®, a leading supplier of Intelligent Automation software to automate and digitally transform end-to-end business operations, today announced the closing of its acquisition of  Top Image Systems™ Ltd. (NASDAQ:TISA) (TIS), a global innovator of on-premise and cloud-based applications that optimize content-driven business processes.