payments

Consumer cross-border payments are exploding, but banks and fintechs are missing a trick – Go Health Pro

by
Consumer cross-border payments are exploding, but banks and fintechs are missing a trick – Go Health Pro

I just got an interesting report from Visa produced in late 2024. It is focused upon consumers, and their approach to cross-border payments. The research shows that the cross-border payment market is experiencing explosive growth, fuelled by a surge in international travel, ecommerce, and remittances. Consumers are spending more regularly cross-border than ever before and … Read more

Facial Recognition Use To Secure Payments To Grow 120% – Go Health Pro

by
Facial Recognition Use To Secure Payments To Grow 120% – Go Health Pro

The number of users of software-based facial recognition to secure mobile payments will exceed 1.4 billion globally by 2025, from just 671 million in 2020 – a rapid growth of 120%. This is based on a new study from Juniper Research which shows how widespread facial recognition has become; fuelled by its low barriers to … Read more

Cat bond market made ~$440m of recovery payments to sponsors in 2024: Swiss Re – Go Health Pro

by
Cat bond market made ~0m of recovery payments to sponsors in 2024: Swiss Re – Go Health Pro

Over the course of 2024 there were a number of recoveries made under catastrophe bonds, however these were primarily driven by cat losses that occurred in prior years, in particular both hurricane’s Ian and Otis, according to Swiss Re Capital Markets, the investment banking and insurance-linked securities (ILS) division of reinsurance giant Swiss Re.In a … Read more

VAT and Data Payments · European Law Blog – Go Health Pro

by
VAT and Data Payments · European Law Blog – Go Health Pro

The enormous VAT bill that Italian tax authorities have presented to Meta, based on the estimated value of the data that they have received from users in return for their services, has recently been in the news. Tax on personal data has the potential to deal quite a blow to the business model of online … Read more

Ransomware payments drop 35% in 2024, first decrease since 2022 – Go Health Pro

by
Ransomware payments drop 35% in 2024, first decrease since 2022 – Go Health Pro

In a rare bit of good news on the cybercrime front, ransomware payouts are down on the year. Researchers with security consultancy Chainalysis report that, thanks to stepped up efforts from law enforcement and victim response, the second half of 2024 saw a whopping 35% decrease in payouts to ransomware attackers. This marks the first … Read more

x