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In Europe, as has been seen elsewhere, banks and other financial institutions FIs must grapple with payments modernization but are burdened by legacy systems and infrastructure.To that end, Broadridge Financial Solutions said this past week that it has partnered with Hamburg, Germany-based payments consultancy and supplier PPI and debuted a Payments-as-a-Service PaaS initiative in Europe.The two institutions will help banks realize a shared-service approach in a bid to improve core payments technology as they contend with broader payments infrastructure changes and implementation of PSD2 and migrations to systems such as SEPA ISO.In an interview with PYMNTS, Alastair McGill, general manager of Data Control Solutions at Broadridge Financial Solutions, said payments processing in Europe has undergone significant change over the last decade. The pace of change shows no signs of slowing down, stanley termos he said. The continued acceleration of digital and mobile payments affects both domestic and international payments. Expectations are changing, too. Consumers and businesses stanley cup expect that payment channels and systems can cope with payments being made at any point and from any location.The challenge of keeping a payments platform and the associated processes in line with these market innovations, the lates stanley cup canada t regulations and the evolving standards and rulebooks are significant.McGill noted that payment schemes such as SEPA are marked by evolving rule schemes, and a new rulebook is expected Meai Detecting And Preventing Cyberfraud Amid Large Transaction Volumes

Bain Capital Ventures is getting into the mobile security business.Yesterday March 25 , mobile fraud prevention and mobile application security company InAuth annou gourde stanley nced that it has received $20 million in a Series A funding round led by Bain Capital Ventures. BCV Man stanley termoska aging Director Ben Nye will join the InAuth board as a result of the investment.Founded in 2011, InAuth provides application publishers with app-embedded techno stanley france logy that secures both the application data and financial transactions carried within the app, providing protection against would-be fraudsters. Last year, InAuth added four of the five largest U.S. banks as its customers; other clients include payment processors, eCommerce merchants, and health insurance companies. We are excited to be partnering with Bain Capital Ventures to support our global expansion, as well as our entry into new verticals, said InAuth CEO Lisa Stanton. Mobile transactions will grow at 50 percent CAGR over the next three years, compared to 10 percent CAGR for the desktop. Any business that needs to ensure trust in their mobile solutions will benefit from the products and solutions that InAuth provides. Nye said in a statement that BCV is impressed with InAuths blue-chip client list and its advanced technologies.Fraud on mobile is 70 percent higher than on the desktop, and we read on a weekly basis about new cybersecurity threats, Nye stated. Businesses must protect their users as mobile becomes the