“Data protection is becoming an ever more important compliance and business issue. The Journal of Data Protection and Privacy will examine the key issues in a detailed but practical way to enable readers to address their data protection challenges”
Rethinking the future of payments
Click the button below to access the full article.
Abstract
As more nations implement immediate payment systems, the industry has an opportunity to make payments not only faster, but safer and more useful. Tokenisation of payment credentials, credit-only transactions, imposition of robust access security, real-time anti-fraud/antimoney laundering/sanctions screening and network activity monitoring are ways to make any payment system safer. There is a continuum of choices that balance settlement risk with cost and complexity. Internet and mobile connectivity support rich, timely, flexible messaging. Combined, these factors provide an opportunity to build an unprecedented platform for payments
innovation.
Keywords:
payments improvement, immediate payments, safer payments, settlement, real-time messaging, payments innovation