Visa is planning to launch the Visa ID Intelligence platform that allows issuers, acquirers, and merchants to quickly adopt various authentication technologies and create more secure ways for consumers to shop, pay, and bank on their connected devices. In Canada, the Government is a pioneer in testing the World Economic Forum’s Known Traveller Digital Identity System. The system leverages biometrics, cryptography, and DLT to give cross-border travelers control over, and the ability to share, their information with authorities in advance of travel for expedited clearance at immigration control points.

Mastercard is committed to make tap and go cards standard over the next five years. The company is upgrading some card and terminals in Europe, Latin America, Asia Pacific, Africa, and the Middle East.

Dubai is implementing contactless and blockchain technologies. The U.A.E. city’s Blockchain Strategy is aimed to ensure all payment activities and transactions will be performed digitally by 2020, by which time it is estimated that 100% of Dubai’s public authority transactions will be based on blockchain.

In the U.K., the FCA issued a Call for Inputs on how artificial intelligence (AI) can be leveraged for regulatory reporting. The call ended on 20 June 2018.

Digital-world consumers expect banks to securely step up their technology game


Traditional banks must evaluate their place within the payments ecosystem and be open to partnering with FinTechs and third-party developers to drive value collaboratively.

Collaborative Payments Ecosystem Boosts Customer Centricity


Structural changes are spurring payments industry participants to evaluate the future of the business as well as their role in the months and years ahead.

New payments ecosystem key enablers


The Payment Services Directive 2 or PSD2 has been in full force for more than six months, and its impact is being felt not just in the European Union, but across the globe – with several markets, such as Singapore, Australia, and Nigeria, as well as Hong Kong announcing open banking initiatives inspired by the PSD2


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