Trending Articles

article thumbnail

Killing the CFPB would create a vacuum, former insider says

Payments Dive

Payment players and large banks might enjoy lighter regulation if the agency disappears, but should be careful what they wish for, a former CFPB executive says.

CFPB 135
article thumbnail

Tackling Fraud and Compliance Burdens: CFIT Publishes Digital Company ID Blueprint

The Fintech Times

Dealing with fraud is an extremely costly reality organisations need to face, and it can result in billions of pounds being lost every year. To help organisations ensure they are not losing revenue and improving their efficiency, security and trust, The Centre for Financial, Innovation and Technology (CFIT) has published its blueprint for fighting economic crime through its Digital Company ID.

article thumbnail

Senate votes to overturn CFPB big tech rule

Payments Dive

The Senate backed a resolution to overturn a Consumer Financial Protection Bureau rule that gave the agency oversight of big tech companies offering payment tools.

Rules 156
article thumbnail

BofA CEO says bank prepared to launch own stablecoin

Finextra

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.

article thumbnail

Future-Proofing Enterprise Commerce: Why Extensibility Wins with Shopify

Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón

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.

article thumbnail

GXS Group Taps Thoughtworks to Bolster Tech Infrastructure for Its 3 Digital Banks

Fintech News

GXS Group has partnered with technology consultancy Thoughtworks to support the launch of its digital banking platforms in Singapore and Malaysia. The group operates as GXS Bank in Singapore and GXBank in Malaysia and works closely with Indonesias Superbank, which shares the same parent companies, Grab and Singtel. The three banks utilise a common core banking system, data architecture, and product infrastructure.

article thumbnail

Call for Speakers: Share Your Expertise at the 2025 PCI Security Standards Council Community Meetings

PCI Security Standards

The PCI Security Standards Council is calling on experts in the payments industry to apply to speak at the 2025 North America and/or Europe Community Meetings. This is your chance to contribute to global discussions surrounding the protection of payment data.

Security 105

More Trending

article thumbnail

Ramp, a 6-year-old fintech startup, has more than doubled its annualized revenue to $700M

TechCrunch Fintech

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.

FinTech 90
article thumbnail

LSEG Risk Intelligence Deploys Account Verification to Tackle Payment Fraud

Fintech News

LSEG Risk Intelligence has launched its Global Account Verification (GAV) service in Asia-Pacific and Europe, the Middle East, and Africa, expanding efforts to enhance security in cross-border payments. Originally introduced in the United States in October 2024, GAV verifies whether payee and account details match before transactions are processed, helping businesses and individuals prevent fraudulent transfers.

article thumbnail

Welcome Our Newest Associate Participating Organizations

PCI Security Standards

We are pleased to welcome the newest organizations that have joined as Associate Participating Organizations of the PCI Security Standards Council (PCI SSC). These organizations play a crucial role in supporting the evolution of the PCI security standards and programs and promoting the implementation of PCI security standards worldwide to protect payment data.

article thumbnail

Flywire cuts 10% of workforce, undertakes strategic review

Payments Dive

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.

Payments 145
article thumbnail

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

article thumbnail

Airtel Payments Bank Expands Women Business Correspondents Network to 100,000, Advancing Financial Inclusion and Empowerment

Fintech Finance

Airtel Payments Bank is committed to empowering India with accessible and inclusive banking. With women at the heart of this mission, the Bank ensures that women are central to driving financial inclusion across the nation. This International Women’s Day, Airtel Payments Bank recognises the pivotal role women play in expanding financial access, particularly through the remarkable work of women business correspondents (BCs) who are bridging the gap between banking and underserved communitie

article thumbnail

Credit Card Payment Integration: How to Integrate Payments into Your Website and Point of Sale

Stax

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.

article thumbnail

DBS CEO Gupta’s 2024 Pay Rises to S$17.58 Million, Up 14% Amid Profit Surge

Fintech News

Outgoing DBS CEO Piyush Guptas total pay for 2024 increased to S$17.58 million, according to the banks annual report published on 6 March, as reported by The Straits Times. This rise follows DBSs record financial performance, with full-year net profit surging 11 percent to S$11.4 billion and return on equity reaching 18 percent. The bank attributed Guptas higher pay to its strong overall performance and enhanced technological resilience, which led to an improved scorecard assessment by the board

Returns 95
article thumbnail

Alkami is buying fintech Mantl for $400 million

TechCrunch Fintech

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.

article thumbnail

15 Modern Use Cases for Enterprise Business Intelligence

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?

article thumbnail

Visa lays out blueprint for global growth

Payments Dive

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.

article thumbnail

FreeAgent and Mimo Team Up to Help Small Businesses Manage Global Payments and Finances

Fintech Finance

Innovative accounting software firm FreeAgent and global payment solutions company Mimo have announced a new partnership that will enable small businesses to manage their payments, cash flow & financing more effectively. Under the partnership, FreeAgent’s award-winning software will be directly integrated with the Mimo platform, saving small business customers valuable time and money by providing them with a single tool to manage global payments, cash flow & financing.

article thumbnail

All You Need to Know About Internet Credit Card Payment Processing

Stax

Fact: modern consumers are increasingly gravitating towards eCommerce businesses. While brick-and-mortar retail isnt going away, todays customers value the convenience of shopping online. That means selling your products and services online allows you to better serve your customers (and reach new ones!) all while increasing revenue. Payment processors undeniably play a critical role in the success of your online store; all shoppers wont be able to make purchases through your website without a ro

article thumbnail

Atome Taps Ant Group’s OceanBase to Power Its Database Modernisation

Fintech News

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.

article thumbnail

Top Strategies to Future-Proof & Sustain Your Merchant Services Portfolio

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.

article thumbnail

Mastercard and Thought Machine accelerate core banking capabilities, providing seamless payment experiences

The Payments Association

Mastercard and Thought Machine, a cloud-native banking technology company, are advancing their partnership to deliver high-quality payments and core banking (critical back-end technology for product and account management and the customer ledger) capabilities to financial institutions looking to modernise their technology stack. Mastercards global network and innovative digital solutions, paired with Thought Machines next-generation core banking and payments platform, can enable financial instit

Visa 88
article thumbnail

Checkout.com opens San Francisco office

Payments Dive

The British digital payments company is expanding its U.S. presence after seeing revenue surge last year.

article thumbnail

Prommt, Chargebacks911 Partner to Revolutionize Transaction Protection

Fintech Finance

Chargebacks911 , a global pioneer in chargeback prevention and management solutions, announced their official partnership with Prommt , a leading innovator in cloud-based, remote payment solutions, providing large enterprises with a comprehensive, end-to-end solution that helps to protect against chargeback fraud and misuse. Prommts innovative card and open banking payment solution has been pivotal in empowering merchants to secure remote customer payments efficiently and securely.

article thumbnail

The Most Common Types of Contactless Payment Methods and How They Work

Stax

The desire for frictionless payments skyrocketed contactless transactions to 8.1 billion during the COVID-19 pandemic. That figure more than doubled to 17.9 billion by 2023and its still on the upswing. Customers now prefer to skip the slow, fraud-prone process of swiping or inserting magnetic stripe cards. They simply tap their credit card , mobile device, or smartwatch to pay.

article thumbnail

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.

article thumbnail

Top 6 Fintech Events in Singapore in 2025

Fintech News

Fintech is all about keeping up in a fast-moving industry. In Singapore, where cutting-edge financial innovation meets smart regulations, the fintech scene is buzzing with competition and collaboration. Whether you’re a startup founder, an investor or an executive navigating digital transformation, one thing is clear: being in the right room with the right people can make all the difference.

FinTech 90
article thumbnail

Fintech startup Ramp nearly doubles valuation to $13B in secondary share sale

TechCrunch Fintech

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.

FinTech 99
article thumbnail

Fiserv investors count on next CEO’s well-rounded resume

Payments Dive

The payment processor’s CEO designate, Mike Lyons, has won over analysts and investors with his experience at bank clients and payment peers. He’s expected to take over from Frank Bisignano later this year.

article thumbnail

FreeAgent and Mimo Team Up to Help Small Businesses Manage Global Payments and Finances

Fintech Finance

Innovative accounting software firm FreeAgent and global payment solutions company Mimo have announced a new partnership that will enable small businesses to manage their payments, cash flow & financing more effectively. Under the partnership, FreeAgent’s award-winning software will be directly integrated with the Mimo platform, saving small business customers valuable time and money by providing them with a single tool to manage global payments, cash flow & financing.

article thumbnail

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

article thumbnail

Central bank says Revolut needs licence to do business in Ukraine

Finextra

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.

article thumbnail

Bitdefender Partners With AWS to Expand Cloud Security Access

Fintech News

Bitdefender, a global cybersecurity company, has joined the AWS Independent Software Vendor (ISV) Accelerate Program, a co-sell initiative for AWS partners with solutions available through AWS Marketplace. The partnership connects Bitdefender with AWS sales teams, expanding its market reach and streamlining the integration of its endpoint and cloud security solutions into AWS environments.

ISVS 89
article thumbnail

FAQ Clarifies New SAQ A Eligibility Criteria for E-Commerce Merchants

PCI Security Standards

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.

PCI DSS 109
article thumbnail

NCR Voyix links with Worldpay, reports revenue drop

Payments Dive

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.

Payments 114
article thumbnail

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.