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NBK Unveils Payment Verification Service on Its Mobile Banking App

Fintech Finance

In keeping with its constant dedication to providing cutting-edge services to its customers, National Bank of Kuwait (NBK) announced introducing a new service that allows customers to confirm payment transactions online through the NBK Mobile Banking App, making itself as the first provider of this service in Kuwait.

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Nearly One in Five Consumers Struck by Online Identity Fraud, According to ACI Worldwide Speedpay Pulse Report

Fintech Finance

More than three-quarters of Americans now prefer to pay their bills digitally, especially Gen Z and Millennials, who show a significant inclination toward mobile payments. However, this increase in digital payments also brings about heightened risks – almost one in five consumers surveyed has fallen prey to online identity theft.

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New Report: SMS-Based Outreach Helps Merchants Authenticate Consumers, Boost Online Sales

PYMNTS

Businesses and financial institutions (FIs) are constantly examining ways to make their customers’ accounts more secure, especially as more consumers go online to make purchases and transact during the ongoing COVID-19 pandemic. Developments From The Digital Consumer Onboarding Space. It also found that just 16 percent of U.S.

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European Payments Initiative to Work With Belgian Banks to Roll Out A2A Payments

The Fintech Times

European Payments Initiative (EPI), the unified digital payment service committed to offering a sovereign digital payment alternative to European consumers, has welcomed five new members in Belgium. “It fits perfectly with our digital strategy to offer smooth and accessible payments for consumers and professional customers alike.”

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The New Nuke From Orbit UK Campaign Aiming to Empower Consumers in Fight Against Smartphone Theft

The Fintech Times

With smartphone theft on the rise across the UK, fintech and mobile security platform, Nuke From Orbit , is launching a nationwide campaign to combat this growing crisis. More people are using mobile phones for their money management, which means convenience and, in some cases, improved financial responsibility. million Android users.

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Five Belgian Banks Join EPI to Bring Wero to Even More European Customers

Fintech Finance

Five big banks in Belgium have joined the European Payments Initiative (EPI) to help spread the word about its Wero digital wallet across Europe. With the Belgian banks EPI Wero collaboration, gives the initiative more energy to provide more European customers with safe and unified payment options.

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NEW DATA: Relevance Test: Majority Of Consumers Find Bank Web Content Lacking

PYMNTS

Since the onset of the pandemic, banking activities like opening new accounts and applying for loans are now being done virtually to socially distance and help curb the spread of the virus. This means consumers are turning more to digital tools, but unlocking and embracing the potential benefits of these tools has not been easy.