FedNow boosts send option to $1M
Payments Dive
FEBRUARY 27, 2025
Starting this summer, the Federal Reserve’s real-time payments system will let banks send payments up to $1 million, twice the amount of the existing limit.
Trending Articles
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Collaboration and Culture: The Keys to Success in U.S. Open Banking
Open Banking Excellence
MARCH 4, 2025
The U.S. new Open Banking rules are an exciting development for the worlds largest market for financial services, but theres a strong argument that it also has profound global implications. This has two parts. Firstly, as a catalyst to drive companies outside of the U.S. to launch in America. Secondly, to activate a more globalised Open Banking ecosystem for large banks and fintechs driven by international collaboration.
PayPal partners Verifone for in-person payments push
Finextra
FEBRUARY 25, 2025
PayPal is bidding to boost its in-person payments presence through a global partnership with Verifone.
Flutterwave 2024 report highlights record growth, expansion, and innovation
The Payments Association
FEBRUARY 27, 2025
Founded in 2016, Flutterwave has become a leader in African enterprise payments, processing over 890 million transactions valued at $34 billion to date. The companys 2024 report highlights the companys strides in broadening its global presence, advancing its technological capabilities, and delivering exceptional value to multinationals expanding into or across Africa.
Future-Proofing Enterprise Commerce: Why Extensibility Wins with Shopify
Speaker: Benjamin Woll and Tiffany Spizzo
Enterprise commerce is evolving fast, and brands relying on rigid, one-size-fits-all solutions risk losing agility. But modernization doesn’t have to mean disruption. In this webinar, we’ll explore how an extensible, modular approach empowers brands to integrate new capabilities, enhance performance, and scale efficiently—all while leveraging Shopify’s strengths.
Citizens on pace for 100% cloud migration by Q3
Bank Automation
FEBRUARY 27, 2025
Citizens Bank aims to complete cloud migration by the third quarter as part of its effort to accelerate digitalization and product development. The $217.5 billion Citizens began cloud migration in 2019, Ajay Punia, head of fraud risk and transmissions engineering, told Bank Automation News, adding that more than 80% [of the banks apps] are already […] The post Citizens on pace for 100% cloud migration by Q3 appeared first on Bank Automation News.
Durbin to reintroduce credit card competition bill
Payments Dive
FEBRUARY 25, 2025
The senate minority whip from Illinois plans to reintroduce the Credit Card Competition Act proposal in a bid to increase competition for Visa and Mastercard.
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Network International appointed as Payment Processing Partner by MTN Group Fintech
Fintech Finance
FEBRUARY 26, 2025
Network International (Network) ( www.Network.ae ), a leading enabler of digital commerce across the Middle East and Africa (MEA), has been appointed as a Payment Processor – Issuing partner for MTN Group Fintech, Africa’s leading mobile financial services provider. This partnership marks a significant extension of Network’s portfolio of issuer processing collaborations throughout the African continent.
Atome Taps Ant Group’s OceanBase to Power Its Database Modernisation
Fintech News
MARCH 4, 2025
Atome, a buy-now-pay-later provider, has partnered with OceanBase , a distributed relational database developed by Ant Group, to upgrade its database infrastructure. The move aims to improve performance, scalability, and security as Atome expands its digital financial services. To manage its increasing transaction volume, Atome will integrate OceanBase’s distributed database system.
Taktile helps fintechs build automated decision-making workflows
TechCrunch Fintech
FEBRUARY 27, 2025
The automated logic behind many financial decisions for example, decisions that determine whether a client is approved for a credit line is hard-coded. Often, it’s not easily changed. If a head of credit at a bank wanted to adjust the bank’s lending criteria, for example, they’d likely have to raise a ticket with […] 2024 TechCrunch.
Flywire cuts 10% of workforce, undertakes strategic review
Payments Dive
FEBRUARY 28, 2025
The payments software company is paring its workforce after a drop in demand in its education vertical. It's also undertaking a comprehensive review of operations.
From Start to Scale: Driving Growth Through Seamless Payments Implementation
Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting
Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical
Protected: Redefining electronic money: Navigating the EBA’s new ruling and Its implications for fintechs
The Payments Association
MARCH 4, 2025
The EBAs redefinition of e-money challenges traditional models, raising regulatory uncertainties and requiring compliance reassessment.
Credit Card Payment Integration: How to Integrate Payments into Your Website and Point of Sale
Stax
MARCH 4, 2025
Customers are increasingly curating their shopping experience based on their own terms. Up to 42% of shoppers in the US abandon their cart if their favorite payment method isnt available. Meanwhile, retailers that provide at least three of the most popular payment methods in any market increase their conversions by up to 30%. As an independent software vendor (ISV) or eCommerce platform, these statistics mean that you should focus on function when developing products for your clients.
BofA CEO says bank prepared to launch own stablecoin
Finextra
MARCH 3, 2025
Bank of America will look to launch its own dollar-backed stablecoin if US lawmakers make it legal to do so, says CEO Brian Moynihan.
Ramp, a 6-year-old fintech startup, has more than doubled its annualized revenue to $700M
TechCrunch Fintech
MARCH 3, 2025
Fintech startup Ramp has crossed $700 million in annualized revenue as of January of this year, according to a source familiar with the companys internal operations. The company had crossed $100 million in annualized revenue before its third birthday in March 2022, passed $300 million by August 2023, and now effectively more than doubled that […] 2024 TechCrunch.
15 Modern Use Cases for Enterprise Business Intelligence
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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?
Visa lays out blueprint for global growth
Payments Dive
MARCH 3, 2025
As if to push back against slowing card business growth in the U.S., the network’s top executives have staked out areas targeted for expansion.
HSBC Reshuffles Leadership in Asia to Streamline Operations
Fintech News
FEBRUARY 26, 2025
HSBC Holdings has assigned additional responsibilities to country heads in some smaller Asian markets as part of its efforts to streamline operations and eliminate management layers. According to an internal memo seen by Bloomberg News, Peter Kim will take on the role of head of banking alongside his position as chief executive officer in Korea, effective March 1.
Ecommpay Charity Auction Raises Over €7,000 for Street Child
Fintech Finance
FEBRUARY 27, 2025
Ecommpay , the truly inclusive global payments platform, recently held a charity auction like no other. Employees from the UK, Latvia, Kazakhstan and Cyprus offices came together to raise funds for Street Child, a charity dedicated to working with local organisations around the world to ensure every child has access to an education. Employee bids raised more than €2400 which was then trebled by the company to give Street Child €7395.
Central bank says Revolut needs licence to do business in Ukraine
Finextra
FEBRUARY 28, 2025
Ukraine's central bank says that Revolut does not have a licence to operate in the country despite the London-based fintech's announcement earlier this month that residents can now open accounts.
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.
Alkami is buying fintech Mantl for $400 million
TechCrunch Fintech
FEBRUARY 28, 2025
Digital banking services provider Alkami Technology is acquiring Mantl, which has been described as the Shopify of account opening, for $400 million. Mantl, founded in 2016 by Nathaniel Harley and Benjamin Conant, developed software to make it easier for people to open accounts digitally at community banks and credit unions. The end goal is that […] 2024 TechCrunch.
NCR Voyix links with Worldpay, reports revenue drop
Payments Dive
FEBRUARY 28, 2025
The e-commerce payments company narrowed its losses last year, even as revenue declined. Now, it’s wooing restaurants and retailers through the new tie.
FAQ Clarifies New SAQ A Eligibility Criteria for E-Commerce Merchants
PCI Security Standards
FEBRUARY 28, 2025
The PCI Security Standards Council (PCI SSC) is pleased to announce the release of a Frequently Asked Question (FAQ), developed in direct response to industry requests for greater clarity on the new eligibility criteria for the recently revised Self-Assessment Questionnaire (SAQ) A. This update reflects our commitment to supporting the e-commerce community by providing clear, actionable guidance to help businesses meet new requirements under PCI DSS v4.0.1, which take effect on 1 April 2025.
dtcpay Powers Stablecoin Payments at Metro Departmental Store
Fintech Finance
FEBRUARY 28, 2025
dtcpay , a leading stablecoin payments solution in Singapore, is thrilled to announce a groundbreaking partnership with Metro, one of Singapores most iconic and trusted department stores. This collaboration marks a bold step into the future of retail, empowering Metro customers to shop seamlessly using stablecoins. As the retail landscape continues to evolve, Metro is pioneering the integration of cutting-edge payment technology, ensuring it remains at the forefront of innovation.
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.
Everchanging chargeback prevention landscape: How avoided.Io safeguards revenue with real-time fraud detection
The Payments Association
FEBRUARY 27, 2025
Avoided.io was founded with a mission to eliminate the financial and operational burdens caused by chargebacks and fraud. In an era where digital transactions are booming, merchants face escalating chargeback rates, revenue losses, and reputational damage. Traditional fraud prevention tools are slow, reactive, and often ineffective. We saw a need for a proactive, real-time solution that prevents disputes before they become chargebacks.
Fintech startup Ramp nearly doubles valuation to $13B in secondary share sale
TechCrunch Fintech
MARCH 3, 2025
Expense management startup Ramp has nearly doubled its valuation to $13 billion after a $150 million secondary share sale, the company announced Monday morning. New and existing backers including VC Stripes, GIC, Avenir Growth, Thrive Capital, Khosla Ventures, General Catalyst, Lux Capital, 137 Ventures and Definition Capital bought the secondaries from employees and early investors. […] 2024 TechCrunch.
Marqeta replaces CEO, makes acquisition
Payments Dive
FEBRUARY 27, 2025
The embedded payments and digital card company agreed to buy European electronic payments provider TransactPay for about $47 million and swapped out its CEO for a Visa alum.
As Credit Card Concerns Rise, Banks Look to ‘Sweeten the Pot’ for Debit Card Users
Payments Next
FEBRUARY 25, 2025
By Shawn Conahan, CRO, Wildfire Systems The direction of interest rates in 2025 remains uncertain, but one trend is becoming increasingly clear: The post As Credit Card Concerns Rise, Banks Look to Sweeten the Pot for Debit Card Users first appeared on Payments NEXT.
The Evolving Retailers Fulfillment Strategy: Meeting Demands with Agility
Speaker: Becky Parisotto and John Vurdelja
Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever
Ondo Finance Joins the Mastercard Multi-Token Network (MTN) as the First Real-World Asset (RWA) Provider
Fintech Finance
FEBRUARY 28, 2025
Ondo Finance announced today that it will be the first provider to bring real-world assets (RWA) to the Mastercard Multi-Token Network (MTN), a digital network connecting financial institutions with businesses to improve cross-border payment experiences. As the first tokenized RWA integrated into the MTN, Ondo’s Short-Term US Government Treasuries Fund (OUSG) will allow participating businesses to earn daily yield via tokenized assets with 24/7 subscriptions and redemptions, without the ne
Optimus poised for growth in the payments sector
The Payments Association
FEBRUARY 27, 2025
Optimus, a leading regulated technology company specialising in payment solutions, is set for significant growth in 2025. With a revamped commercial strategy and an unwavering commitment to customer-centric solutions, Optimus is primed to solidify its position as a key player in the payments industry. The company’s planned expansion into the European market later this year will mark a significant milestone in its growth trajectory.
Vanar Chain and Worldpay team on Web3 payments
Finextra
FEBRUARY 27, 2025
Vanar Chain, the pioneering Layer 1 blockchain, is proud to announce a strategic partnership with Worldpay, a global leader in payments technology, to drive innovation in Web3 payment solutions.
Digital gift card provider Raise closes $63M round
Payments Dive
FEBRUARY 26, 2025
Cryptocurrency-focused investment firms and organizations poured capital into the gift card company that says it focuses on “blockchain-powered payments.
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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