The major online shopping changes coming in for AIB customers
AIB is urging customers to update to the latest version of their mobile banking app where users will receive a message to confirm their identity when paying online
The video will auto-play soon8Cancel
Play now
Get the latest news from across Ireland straight to your inbox every single dayInvalid EmailSomething went wrong, please try again later.
Sign up!
When you subscribe we will use the information you provide to send you these newsletters. Your information will be used in accordance with ourPrivacy Notice.
Thank you for subscribingWe have more newslettersShow meSee ourprivacy notice
How E-Commerce Merchants Can Maximize Cross-Border Sales
Mike Shafro, CEO at xpate, discusses how merchants trading cross-border can optimise their payments process and maximize conversions.
There has never been a better time for cross-border commerce. In fact, the second quarter of 2020 saw double-digit growth in cross-border shipment volumes and the value of merchandise sold, according to McKinsey & Company. This is despite a less profitable start to the year as news of the pandemic and the initial lockdown temporarily halted progress.
But this pick-up in trade thankfully wasn’t short lived, as cross-border commerce continued to rocket into 2021. The UK, for example, saw a staggering 57 per cent year-on-year rise in outbound commerce and experienced a growth of 42 per cent in November alone compared to the same month in 2019. This tells us that, thanks to the urgent digitalization accelerated by events across the globe over the past 12 months, today’s consumer is just as
On 28 January 2021, the FCA published a consultation (CP21/3) on the proposed changes to its onshored Technical Standards on Strong Customer Authentication and Common and Secure Methods.
Voice of the Industry
Delegated authentication: Boost your conversion rates while complying with PSD2 SCA Thursday 29 April 2021 08:38 CET | Editor: Alex Guzu | Voice of the industry
Kurt Schmid and
Suzana Kordumova Nikolova from
Netcetera make the case for delegated authentication as a means to mitigate the hurdles of PSD2 SCA compliance
The application of PSD2 SCA standards across the EU in 2021 brought some growing pains with it for issuers, acquirers, merchants, and customers, notably added friction in the payment process. However, delegated authentication is making leaps and bounds as an alternative to traditional long-winded authentication processes. Growing trust between merchants and issuers means that there is a shift in previously rigid authentication processes, leading to faster checkout and less friction for customers. We take a look at what this could look like in the near future, with insight from Netcetera’s Kurt Schmid and Suzana Kordumova Nikolova.
External | what does this mean?
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Why open banking APIs are so different 6 hours ago
5
Open banking comes with a lot of expectations and promises, such as democratisation of Access to Account (X2A), increased competition between banks and fintechs, and provision of better control to end-customers over their financial data and payments. To facilitate the adoption of open banking, several API standards incentives were created including Open Banking UK, Berlin Group, STET in France, Polish API, CDR in Australia, and so on. Also, a process of collaboration between API groups has been initiated.