Payments Next
SEPTEMBER 16, 2024
By John Toman, Co-founder & Chief Product Officer, Pivot Payables Commercial virtual cards have been available for years as a payment method The post You Thought You Knew Virtual Cards…Think Again first appeared on Payments NEXT.
Payments Dive
SEPTEMBER 18, 2024
The Federal Reserve’s proposal to extend the operating hours of two interbank payments systems has been welcomed by large banks, but panned by many small financial institutions.
Finextra
SEPTEMBER 16, 2024
Citigroup is stripping chief operating officer Anand Selva of his responsibility for data compliance after the bank was hit with $136 million in fines for its failure to address long-standing deficiencies in risk management and data governance.
The Payments Association
SEPTEMBER 18, 2024
Struggling with rising fraud cases and outdated banking systems? Discover how cutting-edge AI-powered solutions like Rivero’s Amiko Virtual Agent are transforming dispute management, slashing costs, and boosting fraud recovery efficiency—all while improving the customer experience. Ready to future-proof your fraud strategy? Dive in to learn more!
Speaker: Jennifer Wright and Nick Barron
Navigating the complexities of e-commerce requires more than just the right technology - It demands a holistic strategy that aligns platform capabilities with customer- centric design and marketing. This webinar will provide a roadmap for building a robust e-commerce strategy, guiding you through key decisions from platform selection to creating user experiences that convert, and leverage digital marketing to reach and retail customers.
Stax
SEPTEMBER 17, 2024
In the new, digital era of payment management and shopping, protecting customer data is a top priority. While the news may bring breaking headlines about stolen or lost data from large corporations, every business can take the steps necessary to secure sensitive data. TL;DR PCI compliance is essential because it helps prevent data breaches, ultimately cultivating customer trust.
Fintech News
SEPTEMBER 16, 2024
Payments giant Mastercard has announced plans to acquire global threat intelligence company Recorded Future for US$2.65 billion. Mastercard aims to strengthen its cybersecurity capabilities with this acquisition as cybercrime costs are projected to reach US$9.2 trillion by 2024. Recorded Future specializes in real-time threat detection, using AI and data analysis to provide actionable insights to clients, including governments and Fortune 100 companies.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
The Payments Association
SEPTEMBER 17, 2024
The Payments Association’s consumer behaviour survey uncovers shifting payment preferences in the UK, with digital methods on the rise while cash remains vital for certain demographics.
Fintech Finance
SEPTEMBER 18, 2024
In the fight against the growing problem of financial scams, global analytics software leader FICO has collaborated with Jersey Telecom (JT) to develop a powerful solution that enables direct, near real-time intervention to protect customers. FICO and JT worked with leading UK banks to identify the most relevant telephony signals that indicate an active scam.
Fintech News
SEPTEMBER 17, 2024
dtcpay is integrating its digital payment capabilities into Visa ’s global network, giving access to over 130 million merchants across more than 200 countries and territories. The partnership’s first phase includes the launch of the dtcpay Visa Infinite card, allowing users—particularly ultra-high-net-worth (UHNW) individuals—to convert digital currencies like stablecoins into fiat at real-time rates.
Payments Dive
SEPTEMBER 18, 2024
Regulators should assume, as a default, that customers have not agreed to coverage and fees unless banks can provide signed agreements or recorded conversations, the agency said in a policy reminder.
Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms
Join Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms for an informational webinar about how to select the ideal payments provider for your platform! This session highlights the 7 key criteria for assessing payments partners and maximizing the value of your investment. From evaluating technology and business development programs to understanding support and compliance, this webinar will equip you with a comprehensive evaluation framework and strategy for
Finextra
SEPTEMBER 16, 2024
The UK's biggest banks have completed the experimentation phase of a Regulated Liability Network, claiming a number of benefits that the financial market infrastructure for programmable money operating on a multi-bank shared ledger could bring.
Fintech Finance
SEPTEMBER 18, 2024
Mangopay , a modular and flexible payment infrastructure provider for platforms which was acquired by Advent International in 2022, today announces the appointment of fintech industry leader Sergi Herrero as Chief Executive Officer. Sergi succeeds Romain Mazeries who is stepping down from his role. Throughout his career, Sergi has earned a strong reputation as a results-focused leader who brings both payments domain expertise and proven CEO capabilities.
Fintech News
SEPTEMBER 18, 2024
OCBC Bank announced an investment of S$500 million in Punggol Digital District (PDD). This investment includes a new 430,000 square-foot innovation hub, OCBC Punggol, and a multi-million-dollar strategic partnership with the Singapore Institute of Technology (SIT). OCBC Punggol, slated for completion in the first quarter of 2027, will house up to 4,000 employees, primarily from the bank’s technology workforce, focusing on emerging technologies like quantum computing and mixed reality.
Payments Dive
SEPTEMBER 17, 2024
Two U.S. senators demanded tighter regulations on BaaS and fintech partnerships, saying they pose “a broader threat to the stability of our banking system and the economy.
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NFCW
SEPTEMBER 17, 2024
P2P: Tap to Cash enables users to send and receive Apple Cash by holding two iPhones together Apple Watch and iPhone users in the US can now use Apple’s Tap to Cash peer-to-peer money transfer service to transfer money to each other via NFC. The ability to use NFC to add a payment card to Apple Wallet is also being rolled out via a new Tap to Provision service.
Fintech Finance
SEPTEMBER 16, 2024
Brite Payments , a leading provider of open banking-based instant payments, will host its upcoming webinar Payment Insights 2024 at 15:00 CEST (14:00 BST) on Thursday, 26 September. Drawing upon exclusive survey data and findings from the 2024 Instant Economy Payment Insights report, leading payments experts will provide businesses with essential insights into the evolving landscape of online payments across Europe, with a particular focus on the rise of Pay by Bank.
Fintech News
SEPTEMBER 15, 2024
Wise’s Asia Pacific (APAC) operations have become the company’s second-largest revenue contributor, with a 33.7% year-over-year increase in FY24. The Wise platform currently serves 12.8 million users globally, processing £118.5 billion (S$203 billion) in transactions. In FY24, customers saved £1.8 billion (around S$2.7 billion) in fees. Singapore is a central location for Wise’s APAC operations, with over 500 employees.
Payments Dive
SEPTEMBER 17, 2024
Block will move several longtime executives into different positions and create a new role to address customer safety, the company said Monday.
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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.
Clearly Payments
SEPTEMBER 18, 2024
If your business accepts credit cards, chargebacks are a part of doing business. Chargebacks can impact your business’s revenue, reputation, and customer relationships. With rising fraud and online shopping, efficiently managing a chargeback team can be a big differentiator for your business. This guide provides an overall approach to managing a chargeback team, covering everything from key roles and responsibilities to leveraging technology, monitoring performance, and incorporating data-
Fintech Finance
SEPTEMBER 18, 2024
Checkout.com , a leading global digital payments provider, and Slope , a B2B financing platform for enterprise companies, today announced the beginning of a strategic partnership to boost payment performance for US enterprise merchants. Slope’s innovative payment platform offers two key payment solutions for B2B customers: “Pay Later” (Net Terms or Installments) and “Pay Now” (ACH and credit card acceptance).
Fintech News
SEPTEMBER 15, 2024
GXS Bank, a digital bank backed by Grab Holdings and Singtel, has launched Boost Pocket. This is a new addition to its GXS Savings Account that offers customers the opportunity to earn higher interest rates on their savings. Launched on 12 September 2024, Boost Pocket combines the benefits of a term deposit with the flexibility of the bank’s existing savings products.
Payments Dive
SEPTEMBER 16, 2024
The major card networks enabled systems that allow international travelers in China to use their cards to pay for Beijing rail transit as of last week.
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.
Finextra
SEPTEMBER 18, 2024
South East Asia's second-largest bank, OCBC, is to invest $500 million in Punggol Digital District (PDD), with the set-up of a new 430,000 sq ft innovation hub and a multi-million dollar strategic partnership with Singapore Institute of Technology (SIT).
Fintech Finance
SEPTEMBER 18, 2024
Paynetics , a leading provider of embedded finance services, partners tell.money to implement the Confirmation of Payee (CoP) service. The collaboration ensures that Paynetics takes advantage of tell.money’s CoP service, allowing partners to embed financial services while staying fully covered with minimal effort. Paynetics will benefit from the CoP service provided by tell.money, gaining enhanced security and compliance capabilities that enable them to offer top-notch compliant and precis
Fintech News
SEPTEMBER 17, 2024
India’s digital payment landscape has seen remarkable growth over the past decade. According to a recent report by PwC India, retail digital payments have surged 90-fold over the last 12 years, with transaction volumes expanding at an impressive annual rate of 40%, while the value of these transactions increased by 35% each year. This impressive growth has been driven by various factors, the report says, including the swift expansion of digital infrastructure, the widespread popularity of the Un
Payments Dive
SEPTEMBER 18, 2024
Decisions on medical disclosures can be challenging for companies. Mastercard’s approach drew high marks from some corporate governance experts.
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.
Bank Automation
SEPTEMBER 18, 2024
Open banking regulation should promote secure data sharing while eliminating the need for screen scraping. In the United States and Canada, screen scraping is still a common practice, Michelle Beyo, chief executive at consulting firm Finavator, said during this week’s Bank Automation News’ webinar, “The future of open banking – Payments meet data.
Finextra
SEPTEMBER 17, 2024
Commonwealth Bank of Australia has teamed up with Amazon Web Services to launch an inhouse 'AI Factory' with the aim of accelerating the adoption of Generative AI.
Fintech News
SEPTEMBER 15, 2024
Helicap, a Singapore-based fintech platform, has closed its largest credit facility to date, securing US$ 50 million in collaboration with XenCapital, the lending arm of Xendit. Xendit, a fintech company operating across Southeast Asia, has raised US$ 515 million in venture capital funding. This partnership aims to provide capital to businesses in Southeast Asia, where digital lending has been a rapidly growing fintech sector.
Payments Dive
SEPTEMBER 18, 2024
The earned wage access provider will now be able to offer its services to more employers through the human resources software firm’s systems.
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