Payments players mull new approaches to fraud
Payments Dive
FEBRUARY 18, 2025
Google, Nacha, Early Warning Services and Truist are among the companies seeking to better protect the e-commerce ecosystem from push-payment scams.
Payments Dive
FEBRUARY 18, 2025
Google, Nacha, Early Warning Services and Truist are among the companies seeking to better protect the e-commerce ecosystem from push-payment scams.
Fintech News
FEBRUARY 17, 2025
StraitsX, a Singapore-licensed stablecoin issuer and digital payment infrastructure provider, has partnered with Standard Chartered to strengthen the reserve management of its U.S. Dollar (XUSD) and Singapore Dollar (XSGD) stablecoins. Standard Chartered will provide cash management and custody services for the reserve assets backing the stablecoins, acting as one of StraitsX s banking partners.
Payments Dive
FEBRUARY 12, 2025
Discover Financial Services said it now expects the transaction to be completed by May 19, three months later than initially expected as the companies await regulatory approvals.
Fintech Weekly
FEBRUARY 12, 2025
Explore how RPA & AI are transforming the financial sectorboosting efficiency, compliance, and risk management. Learn key technologies, trends, and future insights.
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
Finextra
FEBRUARY 17, 2025
2024 was rough; why should 2025 be any different? This question lingers among community banks and cr.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Fintech News
FEBRUARY 17, 2025
Singapore authorities and banks are ramping up efforts to tackle a growing scam where fraudsters steal card details through phishing and trick victims into providing an OTP. This allows scammers to fraudulently provision stolen card credentials onto their mobile wallets for unauthorised contactless transactions. The Singapore Police Force (SPF) , Cyber Security Agency of Singapore (CSA), and Monetary Authority of Singapore (MAS) reported at least 656 cases of phished card credentials being added
The Fintech Times
FEBRUARY 17, 2025
Stablecoins have a huge impact on the financial market as we know it, but more can still be done. Looking to take stablecoin usage to the next level in Hong Kong, Standard Chartered Bank (Hong Kong) Limited (SCBHK), Animoca Brands , and HKT have announced a joint venture (JV) to issue a Hong Kong dollar-backed stablecoin. The process won’t be as simple as just launching a stablecoin though.
Fintech Finance
FEBRUARY 13, 2025
Checkout.com , a leading global digital payments company, announces its partnership with Vinted , Europes leading online marketplace for second-hand fashion. With millions of members across 20+ countries, Vinted is revolutionizing the second-hand fashion industry by empowering individuals to buy and sell pre-loved items with ease through its digital platform.
Finextra
FEBRUARY 14, 2025
HSBC Holdings Plc is set to initiate a new round of job cuts in its investment banking division, marking a continued restructuring to streamline operations and reduce costs under CEO Georges Elhedery.
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
Payments Dive
FEBRUARY 12, 2025
The fintech will shutter its Florida location in November, with layoffs starting in April. Wise will consolidate Americas teams in Austin, New York and São Paulo.
The Payments Association
FEBRUARY 13, 2025
UPI is revolutionising cross-border payments, expanding Indias digital payment influence through global integration, regulatory reforms, and strategic partnerships. The introduction of the unified payments interface (UPI) in 2016 marked a transformative shift in India’s digital payments landscape. Designed for speed, interoperability, and user-friendliness, UPI has become the backbone of India’s payment ecosystem.
Payments Next
FEBRUARY 17, 2025
By Scott Draeger, SVP, Product Marketing & Vertical Solutions, Smart Communications The potential of AI in banking is undeniable, with projections showing The post Banks are investing in AI, but are customers ready for change? first appeared on Payments NEXT.
Fintech Finance
FEBRUARY 18, 2025
Account-to-account (A2A) payment infrastructure provider, Token.io , today announces a new partnership with payment orchestrator, Fabrick , to expand the benefits and adoption of A2A payments. Fabricks B2B and B2C customers will now be able to accept and offer open banking-enabled A2A payments (also called Pay by Bank) to nearly anyone with a bank account in the United Kingdom, where 950,000 Britons tried Pay by Bank for the first time in December. [1] Token.io’s industry-leading open bank
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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?
Finextra
FEBRUARY 12, 2025
Citi is bringing buy now, pay later to Apple Pay, enabling card holders to split purchases into fixed monthly payments.
Payments Dive
FEBRUARY 13, 2025
Fidelity National Information Services has been buying up businesses as it seeks to expand, especially in providing services to chief financial officers and in the digital arena.
The Payments Association
FEBRUARY 14, 2025
Open banking has potential in e-commerce, but its success depends on finding the right fithigher-value transactions and strategic incentives could unlock its true impact. Open banking has certainly made some noise in recent years, especially in the UK, where it hit a milestone of 11.3 million users by mid-2024a figure that’s doubled since 2022, according to Open Banking Ltd.
Basis Theory
FEBRUARY 14, 2025
Improved Platform Performance In January, we launched new Search and List endpoints that provide a 10x performance gain over our existing v1 endpoints. These new endpoints have improved creating card token performance by 3x.
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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 Finance
FEBRUARY 13, 2025
Zelle has announced that in 2024 the network reached 151 million enrolled users and helped American consumers and small businesses send over $1 trillionthe most money ever sent by a person-to-person payments service in a single year. The total dollar amount sent on the platform increased 27% from 2023, while transaction volume on Zelle totaled 3.6 billion, a 25% increase from the prior year. 2024 highlights include: 151 million consumer and small business accounts are enrolled to use Zelle, an
Finextra
FEBRUARY 16, 2025
Federal Reserve Financial Services (FRFS) has pushed back the roll out of ISO 20022 for the Fedwire Funds Service from March to July.
Payments Dive
FEBRUARY 12, 2025
“The winners in this consolidation won't necessarily be the biggest players,” writes a checkout technology company CEO. “They'll be the ones who understand that consumers don't want more payment options — they want better ones.
The Payments Association
FEBRUARY 18, 2025
Legacy systems are a competitive riskfinancial institutions must modernise with AI, automation, and cloud solutions to stay agile and scalable. Legacy systems are holding financial institutions back. While fintech disruptors move at speed, many firms remain stuck with fragmented technology stacks that increase costs, expose security risks, and degrade customer experience.
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.
Basis Theory
FEBRUARY 13, 2025
By becoming a payfac, platforms or merchants can generate more profits by embedding payments. Read why and how to become a payfac!
The Fintech Times
FEBRUARY 14, 2025
User-friendly fraud-as-a-service (FaaS) kits that enable amateurs to execute complex attacks against thousands of accounts in minutes are becoming increasingly available online, AU10TIX , the identity verification and management technology provider, has revealed. In a new report on global identity fraud in 2024, AU10TIX highlights how FaaS platforms offer all of the tools, templates and automation that fraudsters need to commit widescale identity fraud, deepfakes, and cyberattacks, including: De
Finextra
FEBRUARY 17, 2025
The Bank for International Settlements has opened its seventh innovation hub in Toronto, its first in the Americas.
Payments Dive
FEBRUARY 18, 2025
Bad actors contact consumers through social media and then persuade them to send money over payment platforms, a JPMorgan Chase payments executive said during a Payments Dive virtual event.
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
The Payments Association
FEBRUARY 18, 2025
AI-driven fraud is evolving fastbanks must adopt adaptive AI models to detect and prevent scams in real-time. In the first half of 2024, criminals stole571million in the UK through unauthorised and authorised frauda stark reminder that existing fraud prevention methods are failing to keep pace. The scale and sophistication of fraud in the UK and around the world are rapidly rising, but what isnt rapidly rising is banks ability to stop criminals in their tracks.
Fintech Finance
FEBRUARY 13, 2025
As airlines progress with plans to become modern retailers, the importance of a smooth payments experience grows in importance. Yet outdated airline payments risk undermining efforts to turn airports into retailing hotspots and are the root-cause of traveler frustration, according to a newly published report. Drawing on qualitative research from business psychology firm, Innovationbubble, and a multi-market survey with travelers undertaken by market research firm, Opinium – this report, jo
The Paypers
FEBRUARY 13, 2025
Mastercard has announced the launch of TRACE, an AML service that was designed to combat financial crime in Asia Pacific.
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