logo
The Key Impact of Open Finance & Security on Instant Payments

The Key Impact of Open Finance & Security on Instant Payments

Finextra3 days ago

Joining the FinextraTV studio at NextGen Nordics, Anna-Karin Lindblom, Head of Product Management, Ericsson Mobile Financial Services, explained how instant payments have evolved and the challenges with geopolitical tensions. From analysing the ways in which awareness around security has grown to emphasising the importance of open finance to the success of instant payment, Lindblom provides an insight into an evolving moment.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Modern Banks Must Adapt to be More 'Phygital'
Modern Banks Must Adapt to be More 'Phygital'

Finextra

timea day ago

  • Finextra

Modern Banks Must Adapt to be More 'Phygital'

Describing the evolution of modern banking, Sovan Shatpathy, SVP, Product Management & Development, Oracle Financial Services joined the FinextraTV virtual studio to explain how banks can thrive. As well as contextualising the current landscape and offering insights into the way that banks are now focussing more intently on the customer journey, Shatpathy asserts that all banks cannot be physical or digital, they must be 'phygital'.

The Key Impact of Open Finance & Security on Instant Payments
The Key Impact of Open Finance & Security on Instant Payments

Finextra

time3 days ago

  • Finextra

The Key Impact of Open Finance & Security on Instant Payments

Joining the FinextraTV studio at NextGen Nordics, Anna-Karin Lindblom, Head of Product Management, Ericsson Mobile Financial Services, explained how instant payments have evolved and the challenges with geopolitical tensions. From analysing the ways in which awareness around security has grown to emphasising the importance of open finance to the success of instant payment, Lindblom provides an insight into an evolving moment.

Holidaymakers urged to consider travel money habits this summer
Holidaymakers urged to consider travel money habits this summer

Rhyl Journal

time3 days ago

  • Rhyl Journal

Holidaymakers urged to consider travel money habits this summer

Defaqto's analysis of UK travel insurance policies found that 91% of annual and 86% of single trip policies include cash cover as standard (Gareth Fuller/PA) This article is brought to you by our exclusive subscriber partnership with our sister title USA Today, and has been written by our American colleagues. It does not necessarily reflect the view of The Herald. Holidaymakers heading abroad this summer are being urged to consider how much they would be covered for if their banknotes and coins were stolen. While most travel insurance policies do provide cover for lost or stolen cash, it may not be enough to cover some people's entire holiday spend, according to financial information business Defaqto. Its analysis of UK travel insurance policies found that 91% of annual and 86% of single trip policies include cash cover as standard. Just over a third (35%) of single trip travel insurance policies cover as much as £200 to £299, while a quarter (24%) offer cover between £300 to £399, according to the analysis. The firm also said holidaymakers should make sure they understand the terms used in policies. Anna-Marie Duthie, a travel insurance expert at Defaqto, said: 'Travel insurance often distinguishes between 'money' and 'cash' and the definitions matter. Money might cover credit cards or traveller's cheques, whereas cash is notes and coins and they're often covered under separate limits.' Defaqto said that if holidaymakers are solely relying on cash while abroad, they should be aware that only 2% of policies it looked at offer emergency cash advances – which is when the insurer will provide people with emergency funds. Here are some tips from Defaqto for holiday money habits: – Keep receipts and statements for currency exchanges. – If money is lost or stolen, check whether losses are recoverable through your bank or card provider first. – Think about using banking apps that allow card freezing if you misplace yours, to stop it from being used. – Consider having a back-up card or account, just in case your primary one is lost or frozen. – Consider having cards from different providers, in case one of the systems goes down.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store