Payments Dive
NOVEMBER 19, 2024
Executives from the card networks were on the defensive Tuesday when members of the Senate Judiciary Committee berated them over high fees merchants must pay to accept credit card payments.
Finextra
NOVEMBER 18, 2024
Airwallex, the Australian-founded leading financial platform for modern businesses, today announced that it is launching Airwallex for Startups in New Zealand, to help Kiwi startups to accelerate their growth.
PCI Security Standards
NOVEMBER 18, 2024
Welcome to our podcast series, Coffee with the Council. I'm Alicia Malone, Senior Manager of Public Relations for the PCI Security Standards Council. Recently, PCI SSC published a new information supplement called PCI DSS Scoping and Segmentation Guidance for Modern Network Architectures. This document was produced by the 2023 Special Interest Group, also called a SIG, who spent a year collaborating on this project, which was led by the Council's own Kandyce Young, Manager of Data Security Stand
Bank Automation
NOVEMBER 18, 2024
Banks and credit unions prioritized digital integration in 2024, with 75% saying they increased their technology spend, according to a recent survey. More than 100 bank and technology company leaders were surveyed nationwide for research company Bank Director’s 2024 Technology Survey, released in September, which showed that throughout the year, banks and credit unions made […] The post 75% of FIs increased tech spend this year appeared first on Bank Automation News.
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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?
Fintech News
NOVEMBER 17, 2024
Maritime Commercial Joint Stock Bank (MSB) has chosen Backbase ‘s Engagement Banking Platform to modernise its digital banking services. The bank will work with Backbase and its partner, SmartOSC , to implement the platform and create a unified, customer-centric experience for its 5.4 million retail and 100,000 enterprise customers. This move is part of MSB’s ongoing digital transformation strategy to streamline its offerings and enhance customer service.
Payments Dive
NOVEMBER 15, 2024
The card network has documented a spike in online fraud, and contends that numberless cards will reduce such wrongdoing.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Fintech Finance
NOVEMBER 18, 2024
Modulr , the embedded payments platform, today announces its acquisition of Nook , an innovative disruptor in accounts payable (AP) automation. Both companies share a mission to address inefficiencies, remove manual steps and enhance the security of business payments. These are significant concerns, as highlighted by Modulr’s survey of 250 accounting practices which revealed that nearly half (45%) of respondents spend over three hours per week on manual data entry.
Finextra
NOVEMBER 13, 2024
Bank-backed mobile payment operators from Italy, Spain and Portugal have pioneered interoperable money transfers, making it possible for users to conduct instant cross-border P2P transactions.
Fintech News
NOVEMBER 17, 2024
Crypto.com has acquired a brokerage and trading firm Fintek Securities regulated by the Australian Securities and Investments Commission. This acquisition will allow Crypto.com to expand its offerings for its eligible users in Australia to include deposit products, derivatives, securities, foreign exchange, and managed investment schemes. This move follows the firm’s recent acquisition of the US-based, SEC-registered firm Watchdog Capital, LLC, marking the second acquisition aimed at bolst
Payments Dive
NOVEMBER 18, 2024
In the wake of Illinois being sued over its landmark law exempting state taxes from the calculation of card interchange fees, other states are making little progress with the idea.
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
Bank Automation
NOVEMBER 13, 2024
Texas-based fintech Alkami is seeing its network of bank partners grow. “In the third quarter, we signed nine new digital banking clients, including six credit unions and three banks,” Alex Shootman, chief executive at Alkami, said during the fintech’s Q3 earnings call on Oct. 30. “We also renewed 14 clients, with several clients extending to […] The post Transactions: Alkami’s recent wins appeared first on Bank Automation News.
Fintech Finance
NOVEMBER 19, 2024
PayFuture , a leading global payment technology provider, has launched its operations in Pakistan, creating new opportunities for international businesses to engage with one of South Asia’s most dynamic ecommerce markets. With PayFuture’s advanced payments technology and deep regulatory knowledge, businesses can now navigate the complexities of this high-potential market with ease.
Finextra
NOVEMBER 19, 2024
Islamic financial services provider Hejaz has launched Australia’s first-ever halal financial app to finally provide Australia’s growing Muslim community with convenient and simple access to a broad range of Shariah-compliant financial products and services.
Fintech News
NOVEMBER 17, 2024
Banks throughout the world have accelerated down the road of technological advancement in the last decade. And for good reason: those who fail to advance, become obsolete. The pressure to stay ahead continues to mount as customers demand more immediate and user-friendly experiences. Enter fintechs, like the Philippines-based Salmon, who leverage agility, talent, and innovation to not only compete and collaborate with banks, but acquire banks and transform into full-fledged financial institutions
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 Dive
NOVEMBER 15, 2024
“Emerging currencies, digital assets, and even next-generation fiat options could be integrated thoughtfully, allowing companies to access new markets,” writes one industry chief revenue officer.
The Fintech Times
NOVEMBER 13, 2024
Both seasoned users and newcomers to the crypto scene will be able to transact and explore the web3 space using the Avara Family Wallet, the new non-custodial crypto wallet with built-in messaging. Avara, the parent company behind Aave Labs and Lens , has launched this new Ethereum wallet to ensure users remain in full control of their assets, private keys and sensitive data.
Fintech Finance
NOVEMBER 19, 2024
International payments app Zing, and global digital payments provider, Checkout.com , today announced a partnership to support the launch of a new suite of alternative payment methods integrated into Zing’s app. Zing members can now use multiple top-up tools , including mobile wallets, Apple Pay, and Google Pay, made possible by Checkout.com’s global digital payment integration.
Finextra
NOVEMBER 18, 2024
The Spanish banking community has become the first EU market to enable instant cross-currency payments under the European Payment Council's OCT Inst (One-Leg Out (OLO) Instant Credit Transfer scheme.
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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.
Fintech News
NOVEMBER 19, 2024
Prudential has officially launched its global AI Lab in Singapore, aiming to integrate artificial intelligence (AI), generative AI, and machine learning across its operations. The lab, launched in partnership with Google Cloud, will focus on developing AI solutions to improve customer experience, enhance business efficiency, and strengthen advisory capabilities.
Payments Dive
NOVEMBER 19, 2024
Users of the Google Pay digital wallet now have access to Afterpay’s BNPL services, and the tech titan is expected to add rival services from Klarna next year as well.
The Fintech Times
NOVEMBER 19, 2024
The UK public is largely unaware of new regulations forcing UK banks to reimburse victims of payment scams, weeks after coming into effect, anti-fraud fintech Tunic Pay has revealed. On 7 October, the Payment Systems Regulator (PSR) mandated that all UK banks must repay customers who are victims of payment scams up to £85,000 per case. However, a Tunic Pay survey of 2,000 UK adults, conducted by independent market research consultancy Opinium , reveals that less than three in ten (29 per cent)
Fintech Finance
NOVEMBER 19, 2024
Klarna , the AI powered global payments network and shopping assistant, will soon be available on Google Pay. Starting next year, Google Pay users in the U.S. can choose Klarna’s interest-free payment options at checkout. Sebastian Siemiatkowski, CEO of Klarna, said , “We’re thrilled to bring our fair, flexible, and interest-free payment options directly to Google Pay users.
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.
Finextra
NOVEMBER 15, 2024
The UK Government has published its National Payments Vision (NPV), vowing to cut through the "regulatory congestion" facing the sector to deliver a world-leading ecosystem.
Fintech News
NOVEMBER 13, 2024
Canadian payments firm Nuvei Corporation announced that it has received all necessary regulatory approvals for its plan to go private. The move is part of an arrangement with Neon Maple Purchaser Inc., an entity formed by Advent International, in collaboration with Nuvei CEO Philip Fayer, Novacap Management Inc., and CDPQ. The transaction, valued at approximately US$6.3 billion, is expected to close on or around 15 November 2024, pending the satisfaction of remaining closing conditions.
Basis Theory
NOVEMBER 19, 2024
The right payment gateway, processor, and orchestrator matters. Understand the differences to choose well.
Finovate
NOVEMBER 18, 2024
Revolut has received FCA approval to offer U.K. and E.U.-listed stock and ETF trading. The new service is expected to roll out in 2025 for its nine million U.K. customers. Revolut’s U.K. stock trading offering will allow it to compete with established platforms like Trading 212, Freetrade, Hargreaves Lansdown, and AJ Bell. Global challenger bank Revolut announced today that the U.K.
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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.
Fintech Finance
NOVEMBER 19, 2024
Cardstream , a leading Fintech business, has appointed a new CFO. Gurinder Sumra has joined Cardstream as CFO, with a remit to think the ‘art of the possible’ as the business continues its growth trajectory. A chartered accountant for over thirty years, Gurinder, 57, has had a stellar career in the payments sector, including Elavon and FIS as the CFO of the European business divisions.
Finextra
NOVEMBER 13, 2024
Finextra spoke to co-founder Charles O’Neil and CMO Dan Walsh, of new financial literacy app, Sunshine+Kittens, which is set to launch early next year.
Fintech News
NOVEMBER 13, 2024
Cake by VPBank, a Vietnamese digital bank, has collaborated with Visa to launch a cloud-based card management system (CMS). The system, built on Google Cloud infrastructure and using Visa Cloud Connect, integrates with Visa’s global payment network. The CMS aims to enhance payment processing in Vietnam by leveraging cloud infrastructure, allowing for secure and streamlined operations.
The Fintech Times
NOVEMBER 18, 2024
Cross-border payments in the MENA region have faced challenges such as high costs, slow processing times and limited transparency. To address these issues, Mastercard has joined Buna, the cross-border payment system operated by the Arab Regional Payments Clearing and Settlement Organisation (ARPCSO), owned by the Arab Monetary Fund (AMF). Buna enables financial institutions and central banks in the Arab region and beyond to send and receive payments in local and key international currencies in a
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.
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