Trending Articles

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Fed aims to make instant payments the norm

Payments Dive

“It's going to be up to us to move instant payments from being novel to being normal,” Federal Reserve Financial Services’ chief payments executive told attendees at a major industry conference last week.

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New Guidance Coming for E-commerce Security Requirements in PCI DSS v4.x

PCI Security Standards

The PCI Security Standards Council (PCI SSC) is developing guidance to help stakeholders understand and implement the new e-commerce security requirements included in PCI Data Security Standard (PCI DSS) v4.x. Stakeholders have indicated that these requirements are complex for many entities to implement (including merchants validating to Self-Assessment Questionnaire (SAQ) A).

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Gaining Control of Transaction-Based Fee Structures

Payments Next

by Jim Merchant, Senior Program Director at BHMIFacing rising costs, competition, and complexity, many companies in the payments space are continually seeking The post Gaining Control of Transaction-Based Fee Structures first appeared on Payments NEXT.

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Tencent and Visa Roll Out Palm Payment Trial in Singapore

Fintech News

Chinese tech giant Tencent and Visa announced a new partnership to bring palm recognition payments to international markets at the Singapore Fintech Festival. The pilot program will begin in Singapore, allowing Visa cardholders from participating banks like DBS, OCBC, and UOB to pay with their palms at select merchants. The first location to offer this technology is Alchemist, a café in Singapore.

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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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New Privado ID Protocol Enables Users to Verify Identity Across Multiple Blockchains

The Fintech Times

Privacy-focused digital identity platform Privado ID , has launched a multi-chain, device-agnostic identity attestation protocol that enables people to verify their credentials across multiple EVM-compatible blockchains, in a move to streamline the end-user experience in the Web3 space. The new protocol from Privado ID introduces cross-chain compatibility, enabling users to verify their identity once and use it across any supported blockchain.

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Is the FTC targeting chargeback service providers?

Payments Dive

“For better or for worse, applying pressure to payments organizations to ferret out bad-merchant actors seems to be an effective way for the FTC to make private industry police the merchant marketplace,” writes an industry lawyer.

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Alliant Credit Union saves customers $500M in 2024

Bank Automation

Alliant Credit Union is looking to create value for its customers by offering digital solutions that traditional banks don’t offer. The $20 billion digital-only financial institution is on track to deliver more than $500 million in savings this year to its members than if they were banking at a traditional financial institution, Sumeet Grover, […] The post Alliant Credit Union saves customers $500M in 2024 appeared first on Bank Automation News.

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Mastercard Launches ‘Pay Local,’ Linking Its Cards to 4 Major Asian e-Wallets

Fintech News

Payment giant Mastercard has unveiled “Pay Local,” a new service that allows travelers to use their existing credit or debit cards within popular Asian digital wallets. Announced ahead of the Singapore Fintech Festival , Pay Local allows consumers to link their Mastercard credit or debit cards to local digital wallets. This will facilitate easy and seamless payments at over 35 million participating merchants across Asia Pacific.

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UK’s Largest Independent Payments Broker Launches Tech-Enabled Cash Service to Boost SME Cash Flow

Fintech Finance

The UK’s largest independent payments broker Accept Cards has today launched an innovative cash payments solution to respond to SME demand for instant, affordable cash deposits which underpin cash flow stability. Accept Cash will utilise Smart Safe technology so that businesses can deposit into a smart safe and settle to their bank account the same day, creating the most convenient way to bank when bank branches are closing and the Post Office fight with the growing demand – helping to su

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Fiserv, Capital One, others invest $150M in Melio

Payments Dive

Some of the corporate investors are also partnering with the accounts payable and receivable company they’re backing.

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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

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CFPB fines VyStar Credit Union $1.5 million for bungled online banking roll out

Finextra

The Consumer Financial Protection Bureau has levied a $1.5 million fine on VyStar Credit Union for a botched system switch that left customers in the lurch, unable to access their money and accounts.

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Finovate Global Nigeria: A New Unicorn, Mobile Wallets, and the Pursuit of Financial Inclusion

Finovate

This week’s edition of Finovate Global features news from the fintech industry in Nigeria. Africa’s newest fintech unicorn raises $110 million African fintech Moniepoint is the continent’s latest fintech unicorn. The firm, Nigeria’s largest merchant acquirer, announced this week that it has raised $110 million in a funding round led by private equity firm Development Partners International (DPI).

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Thought Machine Powers BCA Syariah’s Digital Transformation

Fintech News

BCA Syariah, the Islamic banking arm of Bank Central Asia (BCA), has partnered with Thought Machine to modernise its services in Indonesia. Using Thought Machine’s cloud-based platform, Vault Core , BCA Syariah has launched new products like Wadiah savings accounts, e-wallet top-up, and a Hajj Fee Deposit service. The bank also plans to introduce term deposit products and gold financing in the near future.

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payabl. Appoints Marios Tsiailis as New Group Chief Financial Officer (CFO)

Fintech Finance

payabl. , one of Europe’s financial services providers, today announced that it has appointed Marios Tsiailis as its new Group CFO. With a strong track record in professional services, where he excelled in corporate finance and strategic planning, Marios steps into this role to drive initiatives aimed at optimising payabl.’s financial framework and fostering sustainable growth.

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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.

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MoneyGram cites cash-to-digital conversion opportunity

Payments Dive

A MoneyGram executive speaking at the Money 20/20 conference cooed about the trillion-dollar opportunity to lure cash users to digital options, but didn’t mention the company’s recent systemwide outage.

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Broadridge appoints David Fellah as VP of AI trading solutions

Finextra

Global Fintech leader, Broadridge Financial Solutions, Inc., (NYSE: BR), today announced the appointment of David Fellah as Vice President of AI Trading Solutions at Broadridge, effective October 16, 2024.

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Financial inclusion boosted by AI, open banking, education

Bank Automation

Financial education, accessibility and overall inclusion has improved as technology has advanced in the past decade but many consumers remain unbanked or underbanked. The term “unbanked” refers to people who don’t use any financial institution; “underbanked” refers to those with insufficient access to financial services, according to Merriam-Webster.

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MAS-Developed Gprnt Unveils Disclosure and Marketplace Tools for ESG Reporting

Fintech News

Gprnt , a digital platform for ESG reporting and data developed by MAS, has launched its inaugural Disclosure and Marketplace offerings. These tools aim to simplify sustainability reporting for businesses and connect them with resources to support their decarbonisation efforts. The Disclosure tool, which integrates with government databases and private sector solutions, offers a user-friendly, generative AI-powered solution for businesses to measure their Scope 1 and 2 emissions.

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Top Strategies to Future-Proof & Sustain Your Merchant Services Portfolio

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.

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Klarna Now Available at John Lewis & Partners

Fintech Finance

Klarna , the AI powered global payments network and shopping assistant, and John Lewis & Partners have partnered to bring Klarna to JohnLewis.com and in the John Lewis app. John Lewis’ customers can now choose to check out with Klarna’s interest-free Pay in 3 product allowing shoppers to spread the cost of their purchases over 60 days. The first payment is made at the time of purchase, followed by two subsequent payments at 30-day intervals.

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DOJ’s Visa suit is unfounded

Payments Dive

The government acknowledges payment volumes are rising, in part because of fintech growth. This competition wouldn’t be happening if a single entity, like Visa, controlled the ecosystem.

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SEC charges JP Morgan affiliates $151 million

Finextra

The US Securities and Exchange Commission (SEC) has charged JP Morgan Securities and JP Morgan Investment Management Inc. (JPMIM) in five separate actions.

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What is Zelle Real-Time Payments in the USA?

Clearly Payments

Zelle is a fast, convenient way for people in the United States to send and receive money almost instantly, known as a real-time payment service (a category of payment methods). It is considered a Launched in 2017 by Early Warning Services (a company owned by major banks), Zelle has become one of the most popular ways to send money between friends, family, and small businesses in the U.S.

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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.

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OCBC and Land Transport Authority Pilot Blockchain Payments for Construction

Fintech News

OCBC Bank has partnered with the Land Transport Authority of Singapore (LTA) to pilot a new blockchain payments solution for construction projects. This innovative system aims to streamline the disbursement of mobilisation advance payments to contractors, enhancing efficiency and transparency. These payments, often amounting to millions, help defray heavy upfront capital outlays for contractors at the start of projects.

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Swift, UBS Asset Management, and Chainlink Successfully Complete Innovative Pilot to Bridge Tokenized Assets With Existing Payment Systems

Fintech Finance

Swift , UBS Asset Management , and Chainlink have successfully completed a pilot for settling tokenized fund subscriptions and redemptions using the Swift network. This initiative would enable digital assets transactions to settle with fiat payment systems across more than 11,500 financial institutions, across over 200 countries and territories. Traditional fund operations often face inefficiencies in subscription and redemption processes, including manual interventions, delayed settlements, and

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Fiserv exec opens up on Walmart, DoorDash partnerships

Payments Dive

Sunil Sachdev, Fiserv’s head of embedded finance, shed light on his company’s latest high-profile collaborations.

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ECB invites call for interest on the role of conditional payments in digital euro project

Finextra

The European Central bank has launched a call for expressions of interest in innovation partnerships for the digital euro.

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Enhance Customer Value: Unleash Your Data’s Potential

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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CFPB fines VyStar Credit Union $1.5M for ‘bungled’ platform rollout

Bank Automation

The Consumer Financial Protection Bureau fined VyStar Credit Union $1.5 million today for the botched rollout of a new online banking system, which left clients unable to access basic online banking services. The Jacksonville, Fla.-based, $14.75 billion VyStar tried to transition to a new online banking platform in May 2022, but the platform failed leaving […] The post CFPB fines VyStar Credit Union $1.5M for ‘bungled’ platform rollout appeared first on Bank Automation News.

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Project Nexus Preps for Live Launch with New Singapore Managing Entity

Fintech News

The five central banks collaborating on Project Nexus will set up a managing entity called the Nexus Scheme Organisation (NSO). Based in Singapore, the NSO will oversee the project as it moves towards live implementation stages. Project Nexus is designed to enhance cross-border payment efficiency by linking various domestic instant payment systems on a global scale.

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Plumery Partners with Payment Components to Modernise Global Financial Institutions

Fintech Finance

Plumery , a digital banking experience platform for true customer-centric banking, today announced a new partnership with Payment Components , a leader in payments and open banking solutions. By decoupling digital experience and payment processes from legacy systems, institutions can now innovate more flexibly and efficiently, streamlining operations while maintaining their existing core banking frameworks.

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Sheetz accepting crypto at all locations

Payments Dive

After a limited trial run, customers can now use several popular digital currencies to buy items at all of the East Coast retailer’s 750-plus locations.

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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.