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How open banking and IPR are transforming payments in regulated sectors

The Payments Association

Now, thanks to open banking and the EUs Instant Payments Regulation (IPR), regulated businesses are rethinking whats possible: real-time transactions, richer customer insight, and smoother experiences, all while staying compliant. Its the gateway to onboarding, compliance, trust, and ultimately, conversion. Its a strategic shift.

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There’s a Push to Ban Junk Fees. Does It Affect Credit Card Surcharging?

Stax

In recent years, market adoption of credit card surcharging—a practice by which merchants pass on the transaction fee for accepting a credit card to the cardholder—has increased dramatically. In 2024 alone, more than a dozen state legislatures introduced bills related to surcharging and consumer fees generally.

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The state of fraud in 2024: Key mid-year takeaways

The Payments Association

From shifts in unauthorised card fraud to the evolving nature of authorised push payment scams, there’s a lot to unpack—and a lot at stake. This has led to a noticeable uptick in card-related fraud, especially in remote purchases, where criminals use stolen card details for online transactions. What’s next?

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PSR’s Annual Report Shows a Year of Significant Milestones

Fintech Finance

The PSR Annual Report shows that the UK has made progress in regulating payments over the past year. The Payment Systems Regulator (PSR) says that it has made progress in fighting APP fraud, making faster payments more available, and making card fees more clear.

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How modern payments processing has changed: In conversation with BPC

The Payments Association

This meant that the stable environment was shaken up by newcomers who introduced new features, such as allowing consumers to manage their card parameters through an app. Card payments, or payments in general, were often not a profit centre for the banks. This marked a new era for these processes.

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Tokenisation 2.0: Are we ready for the next generation of payment security?

The Payments Association

However, with its growing role comes increasing complexity, particularly in terms of integration, regulation, and the architecture of future payment flows. Unlike static gateway or acquirer tokens, network tokens adapt in real time to changes such as card reissuance or expiry, ensuring continuity in payment flows.

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Wallet wars: How digital payments are reshaping finance

The Payments Association

According to Yaccarino, the partnership will allow for secure and instant funding to users X Wallet via Visa Direct, connecting to their debit cards and allowing for peer-to-peer payments. By replacing the need for physical cash or cards, they allow seamless payments via smartphones, tablets, or other connected devices.