According to GlobalData, a leading data and analytics company, the UK’s click & collect market is set to increase by 45.8% within the next five years, reaching £9.8bn by 2023. Retailers plan to capitalize on this demand, with 90 percent planning to invest in this service in the next five years. Almost nine in ten retailers (87 percent) report that...
Account takeover cases in the UK are on the rise. An account takeover is a form of identity theft where criminals illegally access bank accounts, credit cards, or online e-commerce accounts with the use of bots or other techniques. Once they have access, they can illegally shop and carry out fraudulent transactions from the compromised accounts. During the first half...
The U.K. is answering the call for real-time payment reforms due to shifts, including a major increase in digital payments, competition from non-traditional lenders, and fraud, in the payments industry. In response to all of the ever-evolving industry, The Bank of England will upgrade the U.K.’s Real-Time Gross Settlement (RTGS) system. In a completely separate move, Pay.UK, the country’s payments...
