Fintech News

NOVEMBER 12, 2024

Gan Kim Yong He clarified that bank accounts for minors can only be opened by parents, either as joint accounts or accounts solely in the child’s name. Such accounts aim to instill financial management skills in children while providing a controlled environment.

Accounts 102

Accounts Financial Literacy Transaction Limits Scams 102

Fintech Finance

DECEMBER 12, 2024

bank accounts will be available within 1 minute or less starting in April 2025. Consumers, businesses, and governments can use Visa Direct to deposit funds to bank accounts linked to eligible debit cards in real-time1. Cardholders Bank Accounts in One Minute or Less appeared first on FF News | Fintech Finance.

Funds Availability 87

Funds Availability FPC Accounts Debit Card 87

Fintech Finance

NOVEMBER 7, 2024

The cloud accounting software company, which is an existing GoCardless customer, will now become one of its 350+ partners by integrating GoCardless’ payment capabilities into its platform. In addition to helping accountants and SMEs reduce late payments and bad debt, this will also free up time so they can focus on client-facing activities.

Accounts 97

Accounts Payments Transactions Finance 97

Fintech Finance

OCTOBER 30, 2024

Tuum , a next-generation core banking provider, is pleased to announce the appointment of David Abbott as Vice President, Payments Business Unit and Strategic Accounts. The post Tuum Appoints David Abbott as VP, Payments Business Unit and Strategic Accounts appeared first on FF News | Fintech Finance.

Accounts 96

Accounts Cross-Border Payments Cross-Border Payments 96

FloQast

NOVEMBER 20, 2024

Efficient account reconciliations is a cornerstone of modern accounting practices, demanding precision and speed to keep pace with today’s financial landscape. Designed with the specific needs of accountants in mind, FloQast AI Transaction Matching automates many tedious tasks associated with transaction reconciliation.

Reconciliation 94

Reconciliation AI Transactions Accounts 94

Fintech Finance

OCTOBER 29, 2024

The partnership brings Airwallex’s global payments and financial operating capabilities into the Viably ecommerce financial platform, allowing businesses to simplify cross-border transactions and management of multiple currencies in a single account.

Multi-Currency 97

Multi-Currency Cross-Border Transactions Accounts 97

Fintech Finance

NOVEMBER 13, 2024

Viamericas , a leading licensed money transmitter known for its international money transfer, bill payment, check processing, and top-up services, is proud to announce the launch of its rapid cash-to-account transfer service in the United States.

Accounts 98

Accounts FedNow RTP Enrollments 98

Fintech Finance

OCTOBER 30, 2024

By integrating with the Visa Direct network, Coinbase customers will be able to deposit funds into their Coinbase account in real-time1 using eligible Visa debit cards. The post Coinbase to Integrate Visa Direct to Deliver Real-Time Account Funding for Customers appeared first on FF News | Fintech Finance.

Debit Card 94

Debit Card Accounts Funds Availability Finance 94

Fintech Finance

DECEMBER 5, 2024

TreviPay , the most-trusted B2B payments and invoicing network, today announced it has been named a Major Player in the IDC MarketScape: Worldwide Accounts Receivable Automation Applications for the Enterprise 2024 Vendor Assessment 1. Traditional accounts receivable processes are ripe for disruption.

Automation 98

Automation Payment APIs and Integration Accounts Assessments 98

VISTA InfoSec

JANUARY 18, 2024

Changing Defaults and Removing Unnecessary Accounts Before installing a system on the network, it’s crucial to change all vendor-supplied defaults and disable or remove any unnecessary default accounts. Vendor manuals and online sources can be used to find vendor-supplied accounts and passwords. PCI DSS v3.2.1 PCI DSS v4.0

PCI DSS 288

PCI DSS Procedures Encryption Security 288

Fintech Finance

NOVEMBER 4, 2024

Fast and convenient withdrawals: Wise customers in the Philippines moving funds from their Wise account to their local banks or e-wallets will see the money arriving in under 20 seconds.

Instant Payments 98

Instant Payments Settlement Accounts Cross-Border Payments 98

Finextra

NOVEMBER 13, 2024

Viamericas, a leading licensed money transmitter known for its international money transfer, bill payment, check processing, and top-up services, is proud to announce the launch of its rapid cash-to-account transfer service in the United States.

FedNow 92

FedNow Accounts Checks Process 92

VISTA InfoSec

JUNE 19, 2024

The DPH said the incident took place between February 19-20, 2024, was caused by a gang of cyber criminals who gained access to the log-in credentials of email accounts of 53 employees through a phishing email. The stolen data includes personal, medical and financial information. It, however, did not disclose when the breach was detected.

Data Breach 263

Data Breach Breach Phishing Credential 263

Fintech Finance

NOVEMBER 27, 2024

Powered by open banking technology through payments initiation and Account Information Services (AIS), Payit by NatWest provides investors with an additional digital payment method to be able to manage their investments in a safe and simple way. Transactions are completed quickly and securely and businesses receive funds immediately.

Online and Mobile Banking 98

Online and Mobile Banking Accounts Payment Initiation Payments 98

VISTA InfoSec

FEBRUARY 25, 2024

User Account Details Usernames, passwords, security questions, login timestamps, failed login attempt logs, password reset tokens, multifactor authentication details, and session IDs. And painful account recovery procedures await all users who must reset passwords across potentially dozens of breached websites.

Data Breach 266

Data Breach Breach Multifactor Authentication Cybersecurity 266

Payments Dive

MAY 28, 2024

The card network is focused on “stubborn categories” where large account-to-account payments have taken hold, such as in healthcare, education and rent, a Visa executive said.

Accounts 183

Accounts Payments 183

Stax

MAY 20, 2024

What accounting rules do subscription businesses need to abide by in order to stay compliant with global standards? Effective management of unearned revenue involves cash flow forecasting, using the right accounting software, and mitigating the risks associated with subscription churn. Learn More What is Unearned Revenue?

Accounts 167

Accounts Adjustments Legal Agreements 167

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.

Processors 167

Processors Accounts 167

Payments Dive

SEPTEMBER 30, 2024

households have a bank account, just under half use a nonbank payment service, Kansas City Federal Reserve Bank research says. While most U.S.

Federal Reserve 167

Federal Reserve Fed Digital Payments Consumer 167

VISTA InfoSec

APRIL 5, 2024

Emphasis on accountability and trust Working remotely calls for a more profound sense of accountability and trust within the business because people don’t always see each other. The setup also enables flexibility to accomplish tasks whenever and wherever, as long as they finish the job.

Best Practices 278

Best Practices Business Continuity Continuity Compromise 278

Payments Dive

MAY 1, 2024

accounting for only a 1.5% “Real-time payments are still in their infancy in the U.S., share of the total payments volume in 2023,” ACI Worldwide said.

Real Time Payments 167

Real Time Payments Volume Payments Accounts 167

Payments Dive

NOVEMBER 4, 2024

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

Accounts 160

Accounts 160

Payments Dive

OCTOBER 12, 2023

The deal will enhance NMI’s underwriting capabilities and allow ISVs and fintechs to create merchant accounts within the company’s existing platform, NMI said.

ISVS 174

ISVS Acquirers Underwriting Accounts 174

Payments Dive

OCTOBER 1, 2024

billion to a litigation escrow account as it battles a Justice Department lawsuit and ongoing legal case with merchants. The company added $1.5

Legal 156

Legal Accounts 156

Fintech News

NOVEMBER 6, 2024

Morgan (formerly Onyx) to enhance cross-border payment accuracy in Malaysia, Thailand, and Hong Kong, This makes Nium the first fintech to provide data for validating bank account details in these markets. Globally, Nium Verify operates across over 50 markets, providing real-time validation of account details.

Cross-Border Payments 114

Cross-Border Payments Cross-Border Account Validation Credit Union 114

Finextra

JULY 2, 2024

The European Payments Initiative (EPI) has launched its mobile-first wallet and instant account-to-account payments system in Germany, with other counties set to follow in the coming months.

Payment Initiation 128

Payment Initiation Accounts Payments 128

Payments Dive

SEPTEMBER 4, 2024

Now, some users have holds on their accounts. Some customers deposited bad checks and immediately withdrew funds before the checks bounced in a glitch that went viral on TikTok.

Checks 147

Checks Accounts 147

Fintech Finance

OCTOBER 24, 2024

based account-to-account (A2A) payment solution provider, today announced an expanded partnership with Plaid , a data network powering the digital financial ecosystem. Extensive Bank Coverage: Dwolla’s scalable solution with Plaid connects to financial accounts at over 12,000 institutions in the United States.

Risk Assessment 109

Risk Assessment Payment APIs and Integration Verification Assessments 109

Finextra

SEPTEMBER 11, 2024

The number of card transactions in Europe is set to plummet by more than a third over the next three years, driven by the rise of account-to-account payments as ventures such as the EPI's new Wero wallet gain traction, claims a Capgemini report.

Transactions 126

Transactions Payments Accounts 126

Fintech News

OCTOBER 21, 2024

According to the 2021 Financial Inclusion Survey by the Bangko Sentral ng Pilipinas (BSP), formal account ownership stood at 56% in 2021, a remarkable rise from 29% in 2019, 23% in 2017 and 17% in 2015. In 2021, e-money accounts surpassed bank accounts as the most commonly held financial accounts in the country.

Financial Inclusion 143

Financial Inclusion Embedded Finance Payments Push-to-Card 143

Finextra

SEPTEMBER 19, 2024

Walmart is teaming up with Fiserv to let online shoppers pay directly, and instantly, from their bank accounts.

Payments 138

Payments Accounts 138

Finextra

NOVEMBER 28, 2024

Hackers have breached the Central Bank of Uganda's firewalls and stolen $17 million from Treasury accounts.

Central Bank 119

Central Bank Treasury Breach Accounts 119

VISTA InfoSec

OCTOBER 21, 2024

Starting by ensuring that every account you have has a unique and strong password. Whenever possible, make sure to enable two-factor authentication, as this will add another layer of protection to your accounts. Finally, keep an eye on your account for any unusual activity such as logins from devices that don’t belong to you.

Cybersecurity 199

Cybersecurity Encryption Scams Cryptocurrency 199

Fintech Finance

NOVEMBER 1, 2024

Melio , a leading accounts payable and receivable platform for small and medium businesses, has announced it has raised an additional $150 million in a strategic funding round led by Fiserv, Inc. NYSE: FI), a leading global provider of payments and financial services technology solutions.

B2B 105

B2B Payments Participant Accounts 105

Fintech News

DECEMBER 17, 2024

Visa has invested US$11 billion over the past five years in technology to combat fraud, including the development of tools such as the Visa Account Attack Intelligence Score. This solution, launched earlier this year, leverages generative AI to help prevent account takeovers and other types of fraud across shopping platforms.

Fraud Prevention 108

Fraud Prevention AI Account Takeovers Blocks 108

Fintech News

SEPTEMBER 15, 2024

This is a new addition to its GXS Savings Account that offers customers the opportunity to earn higher interest rates on their savings. They can also sign up for the GXS Savings Account via the Grab and Singtel Dash apps. Each GXS Savings Account has a deposit limit of S$75,000.

Accounts 114

Accounts FinTech Posting Product 114

Finextra

NOVEMBER 19, 2024

South African fintech Mama Money Financial Services has launched a new bank card that enables cardholders to manage their account and money through WhatsApp.

Bank Card 125

Bank Card Accounts FinTech 125