Walmart pitches Fiserv’s Clover to business clients
Payments Dive
OCTOBER 17, 2024
The retailer is offering the mega-processor’s Clover equipment and account services to its business clients at a discount through next January.
Trending Articles
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Increase Revenue by as Much as 93%: Introducing Stax Connect Plus
Stax
OCTOBER 17, 2024
Navigating the world of payments can be complicated, especially when you’re running a software business with many moving parts. Embedding payments is a great first step, but encouraging merchants to adopt payments and onboarding them is another hurdle many ISV/SaaS businesses run into. If only there was a team that would work strategically with you to deliver a seamless payment experience in all areas including sales, support, activation, onboarding, product, and marketing… Oh, wait, now there i
Payments’ Role in Combating E-commerce Fraud Growth
Payments Next
OCTOBER 16, 2024
Philip Plambeck, Senior Vice President, International, Computop For retailers, fraud is a serious issue they are actively trying to battle. And it’s The post Payments’ Role in Combating E-commerce Fraud Growth first appeared on Payments NEXT.
Insurtech Firm Qoala Cuts Losses by 36% as Revenue More Than Doubles in 2023
Fintech News
OCTOBER 13, 2024
Southeast Asian insurtech platform Qoala reported a 36% reduction in net losses for 2023, according to its latest regulatory filings accessed by DealStreetAsia. The Indonesia-based company recorded a net loss of US$14.3 million for the year ending 31 December 2023. Qoala, which provides various insurance products, including health, life, and travel coverage, saw its revenue more than double in 2023, increasing by 144.5% to reach nearly US$18 million.
eCommerce in 2025: How Customer Experience Drives Online Retail Success
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
Concourse is building AI to automate financial tasks
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.
More authentication leads to fewer approvals
Payments Dive
OCTOBER 15, 2024
Research from payments software firm Stripe shows credit and debit card transactions using an advanced security tool are less likely to be approved.
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Alzheimer’s Society Partners With PayPoint to Revolutionise Cash Donations
Fintech Finance
OCTOBER 15, 2024
Alzheimer’s Society and PayPoint today announce a new partnership to simplify and enhance cash donations and transactions. The collaboration addresses the growing challenges for charities when it comes to handling cash, particularly as high street banks and Post Office branches become less accessible. With nearly 30% of all charity donations still made in cash, the partnership provides a timely solution to prevent any unnecessary decline or delay in donations received due to logistical cha
India’s Digital Banking Revolution Fueled by Innovation, Regulatory Support and Advanced Digital Infrastructure
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.
JPMorgan Chase warns of inflated AI tech valuations
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.
New York Governor signs gun code law
Payments Dive
OCTOBER 10, 2024
Gov. Kathy Hochul signed a new law Wednesday requiring merchants to use a gun code, saying it could help prevent mass shootings.
7 Essential Criteria for Choosing the Right Payments Partner
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.
Can Financial Institutions Keep Up with the $33 Billion Fraud Surge?
Finextra
OCTOBER 15, 2024
Reflecting on insights from last month’s Visa Payments Forum, Tareq Muhmood, SVP, Value Added Services, Europe, Visa, addresses the dramatic rise in global fraud—from $800 million in the early '90s to $33 billion in 2023. As financial institutions grapple with the increasing complexity of fraud in the digital age, the need for adopting advanced technologies like AI and real-time data analysis becomes clear.
Helcim Now Offers Tap to Pay on iPhone for Merchants to Accept Contactless Payments
Fintech Finance
OCTOBER 16, 2024
Today, Helcim , a leading provider of payment solutions, now enables its U.S. customers to seamlessly and securely accept in-person contactless payments with Tap to Pay on iPhone. Tap to Pay on iPhone allows merchants to accept all forms of contactless payments, including contactless credit and debit cards, Apple Pay, and other digital wallets, using only an iPhone and the Helcim Point-of-Sale iOS app — no additional hardware or payment terminal is needed.
PasarPolis and Gojek Partner to Expand Insurance Access in Indonesia
Fintech News
OCTOBER 13, 2024
Indonesian insurtech company PasarPolis has expanded its strategic partnership with superapp Gojek , aiming to make insurance more accessible to millions of Indonesians. This collaboration leverages Gojek’s extensive digital ecosystem to integrate affordable insurance solutions into everyday services, including mobility, delivery, and logistics. The partnership offers a variety of insurance products such as SafeTrip for users traveling with Gojek’s mobility services, package delivery insurance f
Same Day ACH Volume Rose 67.5% in the Third Quarter of 2024
NACHA
OCTOBER 16, 2024
RESTON, Virginia, Oct. 17, 2024 – Same Day ACH volume soared 67.5% in the third quarter of 2024, and total ACH Network payment volume rose 7.4% from a year earlier, new figures from Nacha showed. There were 355.2 million Same Day ACH payments in the third quarter; the value of those payments rose 38.8% to $844 billion. “These results are continued proof of the robust adoption of Same Day ACH.
Enhance Customer Value: Unleash Your Data’s Potential
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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.
Stripe partners with Nvidia, Pepsi and Rivian
Payments Dive
OCTOBER 11, 2024
The payments software provider announced a slew of new partnerships on Wednesday, also with Amazon and AMC Networks.
Russia urges Brics countries to develop cross-border alternative to Swift
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.
Mastercard and Visa Are Partnering With the Swedish Fintech Company Findity to Streamline Business Expenses
Fintech Finance
OCTOBER 15, 2024
Findity, the leader in expense management technology, is excited to announce the launch of its innovative Real Time Card functionality. This groundbreaking feature, allows users to connect any Mastercard or Visa with their expense management platform, simplifying the process of tracking and managing expenses in real time. Findity’s integration with the world’s leading card schemes, Mastercard and Visa, enables users to seamlessly connect their preferred payment methods for easy reconciliation an
Philippines Set to Showcase at Singapore Fintech Festival 2024
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.
Top Strategies to Future-Proof & Sustain Your Merchant Services Portfolio
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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.
3 Signs Your Custom OMS has Turned into a Franken-System
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.
Discover discloses SEC accounting criticism
Payments Dive
OCTOBER 17, 2024
The federal agency disagrees with the way the card network is allocating card misclassification charges, Discover said in its third-quarter earnings report.
Prague Stock Exchange debuts DLT-based settlement system
Finextra
OCTOBER 16, 2024
The Prague Stock Exchange is implementing distributed ledger technology in the settlement of securities under the EU's DLT pilot regime.
Klarna Cashback Drives $100M-Worth of Sales in Just Six Weeks
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.
Secrets of a Successful Sale: Optimizing Your Checkout Process
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.
Vietnam’s Digital Economy Soars with Tech Adoption and Rising Incomes
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.
How Loyalty Programs Work with Payment Processors
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.
Citi reduces costs, invests in tech
Bank Automation
OCTOBER 15, 2024
Citi posted cost reductions in the third quarter as it benefits from ongoing simplification efforts. The $1.7 trillion bank’s total operating expenses clocked in at $13.3 billion, down 2% year over year, according to the bank’s Q3 2024 earnings supplement. The bank’s technology spend, however, increased 1% YoY to $2.3 billion. The savings were driven […] The post Citi reduces costs, invests in tech appeared first on Bank Automation News.
Ripple readies for stablecoin launch
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.
Loyalty 101: How To Turn Browsers Into Buyers For Lasting Engagement
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.
Alexandra Chiaramonti Appointed Managing Director, International at GoCardless
Fintech Finance
OCTOBER 15, 2024
Bank payment company GoCardless has named Alexandra Chiaramonti the Managing Director of its international business. With this appointment, Chiaramonti also joins the GoCardless executive team. In her role, Chiaramonti is responsible for scaling the fintech’s growth outside of the UK and Ireland, with a focus on Europe and Asia Pacific. Chiaramonti joined GoCardless in 2021 as VP and General Manager, EMEA.
HashKey Global Cuts KYC Time to as Low as 20 Seconds with Sumsub
Fintech News
OCTOBER 15, 2024
HashKey Global, a licensed digital asset exchange, has teamed up with Sumsub , a global verification platform, to improve its Know Your Customer (KYC) and Anti-Money Laundering (AML) processes. The partnership aims to reduce onboarding times and enhance compliance with evolving cryptocurrency regulations. Over the last three months, Sumsub’s technology has helped HashKey address onboarding delays by automating its verification procedures for its 600,000 registered users.
TD Bank agrees to pay USD 3 billion in money laundering settlement
The Paypers
OCTOBER 14, 2024
Canada-based financial institution TD Bank has announced its agreement to pay over USD 3 billion, pleading guilty to criminal charges related to money laundering in the US.
U.S. Bank invests in branch modernization in Q3
Bank Automation
OCTOBER 16, 2024
U.S. Bank increased its technology spend in the third quarter to further digitalize capabilities within its branch network. “Our strategy focus is to create density in the highest growth areas within our current footprint, rather than use branches to expand out of our footprint,” U.S. Bank President Gunjan Kedia said during today’s Q3 earnings call. […] The post U.S.
Secure SaaS Success: Embedded Finance as a Competitive Advantage
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.
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