Banking & payment certification bodies: What, why & how?

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With the global digital payments market set to be worth some $8,059.3 billion by 2023 , at a CAGR of 20%, payments are undergoing a rapid period of growth and transformation.

New payment methods, such as real-time payments, initiatives such as open banking, and technologies like as biometrics, all contribute to a constantly evolving ecosystem. The potential for innovation and optimization is clear.

But if this value is to be realized, players must first ensure the security and interoperability of new products and technologies. A robust certification process is one way to achieve this.

The Japanese payments market has long been something of a paradox. On the one hand, Japan boasts the third-largest economy in the world and is a culture synonymous with high-tech and innovation.

In this interview with The Digital Fifth, Angaj Bhandari discusses the various subjects on open banking from global and Indian perspective. He shares his view on business models, standardization and implementation of open banking. He also explains how Fime can support ecosystem players to come on board smoothly and securely.

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Built on 20 years of history, Seamless Middle East brings together every year the regional payments, banking and fintech ecosystem for two days of creative exchange, networking, inspiring talks. It is about the big ideas, market disruptors, top industry trends and technologies on which the future marketplace will operate.

After several months of research, 16 banks representing 5 European countries (Belgium, France, Germany, the Netherlands and Spain) approved the official launch of a new European payment scheme called the European Payments Initiative (EPI) on July 2nd 2020. In this series, we explore the purpose of the initiative and how it plans to achieve its ambitious goals.

SmartPesa develops payments and agency banking solutions for merchantsand banks across the globe. Using an intuitive mobile app and / or card terminal, merchants enjoy a simple unified one-stop solution for accepting smart multi-channel payments online and offline, instant access to transaction histories and automated reconciliations....

In this TV interview with BFM BUSINESS, Fime CEO Lionel Grosclaude discusses the complexities facing the global payments ecosystem & explains how Fime is supporting stakeholders to keep up with the latest technologies, standards & market needs.

In this Q&A, we speak to Pierre Aurel, Product Manager at Synthesis, to learn more about how FIME supported them to achieve the first automated Mastercard TEI accreditation for a new SoftPOS solution.

mada is the brand name for the payment scheme in Saudi Arabia. mada central payment switch processes all inter-bank automated teller machines (ATMs) transactions and directly drives all point-of-sale (POS) terminals on behalf of acquirer banks throughout the country.

As None [1] data breaches continue to rise globally, protecting the integrity of customer data (especially in the payments world) is vital. One essential security standard helping keep such data sec...

As None [1] data breaches continue to rise globally, protecting the integrity of customer data (especially in the payments world) is vital. One essential security standard helping keep such data sec...

PCI DSS has been around for a long time but, shockingly, some payments actors do not take it seriously and others do not even know if they fall under its scope.

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fluctuat nec mergitur. Ensure readiness of your terminal for payment scheme approval. * Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nulla quam velit, vulputate eu pharetra nec, mattis ac neque. Duis vulputate ...

In this Q&A, we speak to Pierre Aurel, Product Manager at Synthesis, to learn more about how FIME supported them to achieve the first automated Mastercard TEI accreditation for a new SoftPOS solution.

Check out our ‘Fintech with Fime’ podcast and listen our expert Jean Fang speaking about 3DS.

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