The Payments Association

OCTOBER 14, 2024

Traditionally, consumers stuck with familiar banks, but there’s now a growing trend of current account switching. According to data from Pay.UK, the Current Account Switch Service (CASS) has completed 10.9 million switches since its launch and successfully redirected 152.7 million payments, with motivations for switching including higher interest rates, lower account fees and fewer charges.

Accounts 88

Accounts Consumer Online and Mobile Banking Multi-Currency 88

Finextra

OCTOBER 14, 2024

Russia is pushing for the creation of a new cross-border payment system for Brics countries as part of a scheme that would help the country to evade financial sanctions and reduce its reliance on the US dollar.

Cross-Border 98

Cross-Border Cross-Border Payments SWIFT Payments 98

PCI Security Standards

OCTOBER 8, 2024

The excitement is building as we get closer to this year’s Asia-Pacific Community Meeting ! To add to the anticipation, we’re giving you a sneak peek of some of the amazing sessions that will be featured in Hanoi, 20-21 November.

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Participant 191

Payments Dive

OCTOBER 9, 2024

The digital restaurant payments provider raised processing fees for some restaurant clients. Separately, it’s aiding clients in adding surcharges on their customers’ orders.

Process 174

Process Payments 174

Speaker: Jennifer Wright and Nick Barron

2025 is right around the corner, and with it comes a new wave of consumer expectations, competitive pressures, and operational challenges. Success lies in finding the balance between operational flexibility and creating experiences that keep customers coming back. The future of retail belongs to those who can stay ahead of shifting customer preferences and marketing trends. 🔮 In this session, we’ll dive deep into what it takes to keep customers engaged and your operations nimble, no matt

Best Practices

Fintech News

OCTOBER 10, 2024

The banking landscape in India has undergone a major transformation, driven by significant investments in digital infrastructure and innovations by both incumbents banks and new fintech entrants, a new analysis by the Digital Fifth, a fintech consulting and advisory firm in India, says. This dynamic ecosystem is supported by regulatory advancements and collaborative partnerships, which are expected to continue fostering innovation and growth in the sector.

Payment APIs and Integration 118

Payment APIs and Integration Innovation API Push-to-Card 118

Fintech Finance

OCTOBER 8, 2024

WadzChain Network, a global leader in innovative blockchain technology, announced today the launch of one of the world’s first hybrid blockchains intending to transform global payments for businesses. WadzChain’s user-friendly interface and a highly scalable platform offers the ideal solution for businesses looking for secure, scalable, fast and cost-effective transactions locally or across the globe over encrypted blockchain networks.

Global Payments 124

Global Payments Blockchain TPS Interoperability 124

Bank Automation

OCTOBER 11, 2024

JPMorgan Chase expects AI and other new tech to increase employee productivity but remains wary of AI tech companies’ inflated valuations. “Tech valuations, or any valuations, won’t stand these very inflated values,” Chief Executive Jamie Dimon said during the bank’s third-quarter earnings call today. The bank has a significant cash surplus “sitting in the store” […] The post JPMorgan Chase warns of inflated AI tech valuations appeared first on Bank Automation News.

AI 105

AI Automation Posting Product 105

Fintech News

OCTOBER 10, 2024

Fintech Alliance.PH announced that it will be joining the Singapore Fintech Festival 2024 to showcase its digital finance innovations. The event, one of the largest fintech gatherings globally, will be held from 6 to 8 November 2024, at the Singapore EXPO. Last year, Singapore Fintech Festival gathered 66,000 participants from 150 countries, and an even larger audience is expected this year.

FinTech 115

FinTech Central Bank Agreements Finance 115

Fintech Finance

OCTOBER 9, 2024

Revolut , the global fintech with over 45 million retail customers and hundreds of thousands of business customers globally, is now giving Revolut Business merchants in the UK the option to accept American Express Cards as a payment method for ecommerce, including through Revolut Gateway, Payment Links, and Tap to Pay on iPhone payments – with more in-person payment solutions to come later this year.

Payments 119

Payments Gateways Payment Solutions Acquirers 119

Finextra

OCTOBER 14, 2024

Mastercard is to pilot launch a new service that gives issuers the ability to verify more detailed personal information about cardholders, eliminating the need to upload documents like photo ID, proof of residency or passport.

Visa 84

Visa Verification Issuers 84

Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms

In this webinar, Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms, will dive into the 7 must-have criteria for evaluating payments partners, helping you maximize both efficiency and the long-term value of your investment. From assessing technology capabilities to leveraging business development opportunities, this session will give you a clear, actionable strategy to select the right partner for scaling your business.

Payments

Payments Dive

OCTOBER 11, 2024

The payments software provider announced a slew of new partnerships on Wednesday, also with Amazon and AMC Networks.

Payments 158

Payments 158

Fintech Review

OCTOBER 8, 2024

Green Bonds have rapidly become a crucial financial tool for promoting environmental sustainability. They allow investors to achieve financial returns while supporting eco-friendly initiatives. Organisations and governments use these bonds to raise capital specifically for environmentally sustainable projects. We look into the rapid growth of the Green Bond market and its role in encouraging sustainable corporate behaviour.

Finance 98

Finance Governance Government Returns 98

Fintech News

OCTOBER 10, 2024

Vietnam’s digital economy is rapidly expanding, reaching a value of US$30 billion in 2023 and projected to increase by 20% to hit US$43 billion by 2025. T his growth is fueled by technology adoption across businesses, the rise of key sectors including fintech, as well as rising middle-class incomes, a new report by Acclime Vietnam, a professional services provider from Ho Chi Minh City, says.

Economy 105

Economy Online and Mobile Banking Government Governance 105

Fintech Finance

OCTOBER 11, 2024

Klarna , the AI-powered global payments network and shopping assistant, has released data on its launch of cashback. In the six weeks since launch: 506,378 Klarna shoppers have earned $2.7m dollars in cashback. Klarna merchants have given cashback on $98.4m worth of sales. Over 1,000 cashback promotions have been launched. Klarna launched cashback in 12 countries simultaneously on 15 August, to reward consumers who shop in the Klarna app.

Global Payments 105

Global Payments Payment Networks Participant AI 105

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The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.

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Finextra

OCTOBER 13, 2024

Citi's Token Services for Cash has gone live, enabling institutional clients to move money between branches around the world 24/7.

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Payments Dive

OCTOBER 11, 2024

The department’s undersecretary for domestic finance, Nellie Liang, suggested state oversight of money transmitters was outdated in an era of electronic payments.

Treasury 88

Treasury Finance Payments 88

Clearly Payments

OCTOBER 10, 2024

Loyalty programs have become an integral part of shopping, offering businesses a way to build stronger customer relationships, increase retention, and drive sales. Loyalty programs can boost overall revenue for merchants by 5 to 10%. In payment processing, loyalty programs also play an important role, enhancing the transaction experience for both merchants and consumers.

Processors 88

Processors Payments Credit Cards Point-of-Sale (POS) 88

Fintech News

OCTOBER 9, 2024

Kitabisa, an Indonesian donation and crowdfunding platform, has officially entered the insurance market with the launch of Kitabisa Insurance. According to DealStreetAsia , this new sharia-compliant subsidiary aims to tackle the low insurance penetration in Indonesia, which currently lags behind neighboring countries. Kitabisa Insurance emphasizes transparency and technology, allowing members to track funds, beneficiary information, and claims in real-time.

Facilitators 113

Facilitators Participant Acquirers Finance 113

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Build a sustainable merchant services portfolio with practical strategies to ensure long-term success. Diversify across industries to spread risk and stabilize income, balancing high-risk and low-risk clients for a robust mix. Combine large and small merchants to create a resilient payment portfolio, leveraging each type's strengths. Foster long-term relationships through exceptional service and personalized support.

Payments

Fintech Finance

OCTOBER 8, 2024

Trustly , the global leader in open banking payments, is excited to announce the appointment of Adam Miller as its new Group Chief Financial Officer (CFO). Based in Stockholm, Adam joins Trustly from Deliveroo, where he served as CFO for over two years, successfully leading the company through its 2021 London Stock Exchange listing and navigating significant growth during the pandemic.

Finance 108

Finance FinTech Continuity Posting 108

Finextra

OCTOBER 10, 2024

TD Bank has agreed to pay $3 billion in penalties after pleading guilty to violating US anti-money laundering federal laws.

Money Laundering 113

Money Laundering Laws 113

Payments Dive

OCTOBER 8, 2024

Sen. Dick Durbin threw his weight behind an Illinois law that would nix interchange fees on taxes and tips, supporting the edict in a court document filed Friday.

Laws 97

Laws 97

TechCrunch Fintech

OCTOBER 15, 2024

In a typical organization, finance is one of the most important functions. Yet teams are often bogged down by manual workflows. According to a survey by Paylocity, an HR software provider, 38% of finance teams spend more than a fourth of their time on manual jobs, like reviewing invoices. Matthieu Hafemeister, an ex-fintech investor at […] © 2024 TechCrunch.

Automation 91

Automation AI Finance FinTech 91

Speaker: David Nisbet, Everett Zufelt, and Michaela Weber

Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.

Transactions

Fintech News

OCTOBER 10, 2024

HSBC is evaluating a cost-cutting strategy that could save up to US$300 million by streamlining senior management, according to a report by the Financial Times on Thursday. The plan comes as the bank explores the merger of its commercial and investment banking units, a move expected to eliminate some top management roles, the FT reported, citing unnamed sources familiar with the matter.

Adjustments 107

Adjustments FinTech Continuity Posting 107

Fintech Finance

OCTOBER 11, 2024

America First Credit Union has partnered with technology leader Diebold Nixdorf (NYSE: DBD) to modernize and improve its payment transactions and ATM offerings — including being the first credit union to implement next-generation cloud-native technology that powers enhanced member experiences. This is a part of the credit union’s long-term strategy to further modernize and future-proof how members interact with their money.

Credit Union 98

Credit Union ATM Transaction Limits Transactions 98

Finextra

OCTOBER 8, 2024

WadzChain Network, a global leader in innovative blockchain technology, announced today the launch of one of the world’s first hybrid blockchains intending to transform global payments for businesses.

Global Payments 97

Global Payments Blockchain Payments Innovation 97

Payments Dive

OCTOBER 9, 2024

The attack led to a days-long outage in September. The money transfer firm hasn’t described the nature of the incident or said how many people have been impacted.

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88

Speaker: Shaunna Bruton, Danielle Wyllie, and Kailey Holmes

Say goodbye to one-size-fits-all retail, and say hello to experiences that keep your customers coming back for more! Customer loyalty isn’t just earned - it’s cultivated through meaningful engagement with the help of data. This webinar will take you behind the scenes of how top retailers turn customer data into personalized experiences that drive engagement and retention.

Continuity

DeckCommerce

OCTOBER 14, 2024

If your in-house tech stack has turned into a monster, here are 3 indicators a dedicated order management system can be the solution.

Technology 80

Technology 80

Fintech News

OCTOBER 8, 2024

Tenity, an innovation ecosystem specialising in early-stage fintech startups, is inviting applications for the ninth batch of its accelerator programme in Singapore. The Tenity Singapore Fin/Tech Accelerator programme aims to support early-stage companies looking to grow and enter new markets. The programme offers startups pre-seed investment of SGD 70,000 in exchange for 2.5% equity, along with potential follow-on investment of up to SGD 350,000, depending on case-by-case evaluations.

FinTech 108

FinTech APACS Participant Innovation 108

Fintech Finance

OCTOBER 11, 2024

AMAN Union , the leading professional forum for commercial and non-commercial risk insurers and reinsurers in member countries of the Organization of Islamic Cooperation (OIC), has signed a Corporate Training Services Agreement with RISC Institute DMCC, a renowned training institution specializing in talent development for the insurance, risk management, personal finance sectors, based in the United Arab Emirates and operating regionally.

Agreements 95

Agreements Risk Management Professional Development Risk 95

Finextra

OCTOBER 15, 2024

Ripple is preparing to launch a US dolar denominated stablecoin, roping in a host of exchange partners and customers in the digital asset industry.

Stablecoins 98

Stablecoins 98

Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms

Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.

Embedded Finance