Payments Dive
NOVEMBER 19, 2024
Executives from the card networks were on the defensive Tuesday when members of the Senate Judiciary Committee berated them over high fees merchants must pay to accept credit card payments.
Finextra
NOVEMBER 20, 2024
Moss, a leading innovator in B2B spend management solutions, has partnered with Airwallex, the leading global payments and financial platform for modern businesses, to embed global bank transfers and expand operational capabilities, supporting Moss’ international growth ambitions.
Fintech Finance
NOVEMBER 18, 2024
The current cross-border payment system imposes high costs on businesses and economies worldwide, stifling economic potential and limiting financial inclusivity. Global corporations move $23.5 trillion across countries annually—around a quarter of global GDP—at an estimated cost of $120 billion in transaction fees annually. Any improvement in the efficiency of cross-border transactions would, therefore, lead to considerable benefits for businesses and individuals globally.
Fintech News
NOVEMBER 17, 2024
Crypto.com has acquired a brokerage and trading firm Fintek Securities regulated by the Australian Securities and Investments Commission. This acquisition will allow Crypto.com to expand its offerings for its eligible users in Australia to include deposit products, derivatives, securities, foreign exchange, and managed investment schemes. This move follows the firm’s recent acquisition of the US-based, SEC-registered firm Watchdog Capital, LLC, marking the second acquisition aimed at bolst
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
Bank Automation
NOVEMBER 18, 2024
Banks and credit unions prioritized digital integration in 2024, with 75% saying they increased their technology spend, according to a recent survey. More than 100 bank and technology company leaders were surveyed nationwide for research company Bank Director’s 2024 Technology Survey, released in September, which showed that throughout the year, banks and credit unions made […] The post 75% of FIs increased tech spend this year appeared first on Bank Automation News.
Payments Dive
NOVEMBER 20, 2024
"Nonprofits and charities need every penny they can get to make effective change in times of crisis, yet big banks and credit card companies continue to take their cut," writes one policy analyst.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Fintech Finance
NOVEMBER 21, 2024
Raimac Financial Technology , a game-changer for companies looking to offer flexible payments, has today announced a strategic partnership with Cashflows , the platform that makes it easy for businesses to accept payments. This partnership positions Cashflows as one of the first companies in the UK to implement Raimac’s advanced programmatic payment technology.
Fintech News
NOVEMBER 17, 2024
Maritime Commercial Joint Stock Bank (MSB) has chosen Backbase ‘s Engagement Banking Platform to modernise its digital banking services. The bank will work with Backbase and its partner, SmartOSC , to implement the platform and create a unified, customer-centric experience for its 5.4 million retail and 100,000 enterprise customers. This move is part of MSB’s ongoing digital transformation strategy to streamline its offerings and enhance customer service.
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. With the launch of FloQast AI Transaction Matching , a vital component of the FloQast Accounting Transformation Platform , accountants now have a solution that is tailored to address their specific needs, focusing on making reconciliation processes simpler and more accurate.
Payments Dive
NOVEMBER 21, 2024
The e-commerce giant began letting needy families shop on its website with their federal benefits cards earlier this month.
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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
NOVEMBER 18, 2024
Airwallex, the Australian-founded leading financial platform for modern businesses, today announced that it is launching Airwallex for Startups in New Zealand, to help Kiwi startups to accelerate their growth.
Fintech Review
NOVEMBER 20, 2024
In this exclusive Fintech Review interview, Adam Swartzbaugh, CEO of Almond FinTech , discusses transformative cross-border payment technology. Almond’s blockchain-driven Settlement Optimization Engine (SOE) addresses critical speed, transparency, and cost challenges in cross-border payments. The SOE optimises transaction routes and provides near-instantaneous settlement for financial institutions globally.
Fintech News
NOVEMBER 19, 2024
Prudential has officially launched its global AI Lab in Singapore, aiming to integrate artificial intelligence (AI), generative AI, and machine learning across its operations. The lab, launched in partnership with Google Cloud, will focus on developing AI solutions to improve customer experience, enhance business efficiency, and strengthen advisory capabilities.
Fintech Finance
NOVEMBER 21, 2024
Network International, a leading enabler of digital commerce in the Middle East and Africa, has launched the fourth annual ‘State of Pay’ report, which provides an in-depth look at South Africa’s payment landscape and current trends. Featuring expert insight from companies like Absa and KFC, as well as extensive merchant and consumer survey data, the report highlights the convergence of commerce – an industry-defining trend that is set to deliver customer convenience and merchant efficiency.
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
Payments Dive
NOVEMBER 20, 2024
After a year as CEO of the digital payments pioneer, Alex Chriss is spearheading an expanded role in commerce for the company.
Finovate
NOVEMBER 18, 2024
Qover, an insurtech based in Brussels, Belgium, has partnered with Mastercard to provide return shipping cost protection when retailers do not offer free returns. The service is available to Mastercard credit cardholders in Belgium and Luxembourg; Qover plans to expand the service to additional European countries. Qover made its Finovate debut at FinovateEurope 2018 in London.
Finextra
NOVEMBER 19, 2024
Islamic financial services provider Hejaz has launched Australia’s first-ever halal financial app to finally provide Australia’s growing Muslim community with convenient and simple access to a broad range of Shariah-compliant financial products and services.
Fintech News
NOVEMBER 20, 2024
GXS Group is set to launch its business banking services in early 2025, starting with Singapore, as part of its efforts to expand offerings and serve underserved segments across Southeast Asia. The services will initially target sole proprietorships and micro-businesses. This will include business operating accounts and unsecured credit lines with flexible features like daily interest crediting, no early repayment fees, and savings for early loan repayments.
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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.
TechCrunch Fintech
NOVEMBER 20, 2024
An incident disclosure shared with Finastra's banking and financial customers confirms a hacker stole files from a company system. © 2024 TechCrunch. All rights reserved. For personal use only.
Payments Dive
NOVEMBER 21, 2024
In finalizing the new rule to oversee digital wallet providers Thursday, the Consumer Financial Protection Bureau said it made important changes to its initial proposal.
Fintech Finance
NOVEMBER 21, 2024
Adyen , the global financial technology platform of choice for leading businesses, brings Tap to Pay on iPhone to its New Zealand retailer customers. By partnering with NewStore for the launch, businesses including Lorna Jane and R.M.Williams can now accept contactless payments using only an iPhone and the NewStore Associate iOS app. Adyen and NewStore will enable Tap to Pay on iPhone for their joint customers, which accepts all forms of contactless payments, including contactless credit and de
Finextra
NOVEMBER 21, 2024
Microsoft Brazil, 7COMm and Chainlink are to work with Banco Inter on a trade finance application as part of the second phase of the central bank's trials of its digital currency, Drex.
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.
Fintech News
NOVEMBER 20, 2024
Global technology and innovation partner Zühlke took part in the Singapore Fintech Festival (SFF) 2024, demonstrating its commitment to driving impactful change in the financial technology landscape. Zühlke offered forward-thinking perspectives on the adoption of AI, digital money, and the future of work for talents. As a Knowledge Partner of Insights Forum , the invitation-only event organised by the Global Finance & Technology Network (GFTN), Zühlke contributed through expert insights and
FloQast
NOVEMBER 18, 2024
In April 2024, the FloQast team announced our Series E to the public, raising $100M in a round led by ICONIQ Growth , with Roy Luo joining FloQast’s Board of Directors. This might sound obvious, but timing of the round was intentional. Our goal was to ramp up product development and enhancement, first and foremost, but also to improve the customer experience, fuel international expansion, and tap into a wealth of knowledge and experience possessed by our new investors (which also included BDT &#
Payments Dive
NOVEMBER 22, 2024
The regional Fed bank, which has purview for the proposed merger, demanded more information from the bank as it considers whether to approve the deal.
Fintech Finance
NOVEMBER 20, 2024
FinMont , a leading global payment orchestration platform, is pleased to announce its partnership with The Lufthansa Group, one of the world’s leading airlines. The Group works with FinMont on its innovative payment platform, enhancing B2B payment processes. This new partnership will also incorporate Camino Network’s blockchain solution built specifically for the travel industry to document all transactions.
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.
Finextra
NOVEMBER 18, 2024
The Spanish banking community has become the first EU market to enable instant cross-currency payments under the European Payment Council's OCT Inst (One-Leg Out (OLO) Instant Credit Transfer scheme.
Fintech News
NOVEMBER 20, 2024
PayPal has announced that its disbursement partners can now use PayPal USD (PYUSD) to settle cross-border money transfers via Xoom, its digital remittance platform. Xoom, a PayPal service, offers digital remittance services in over 160 countries, providing users with a convenient platform to send money, pay bills, and reload phones. This move aims to reduce the cost and increase the speed of international money transfers by leveraging blockchain technology.
The Fintech Times
NOVEMBER 19, 2024
The UK public is largely unaware of new regulations forcing UK banks to reimburse victims of payment scams, weeks after coming into effect, anti-fraud fintech Tunic Pay has revealed. On 7 October, the Payment Systems Regulator (PSR) mandated that all UK banks must repay customers who are victims of payment scams up to £85,000 per case. However, a Tunic Pay survey of 2,000 UK adults, conducted by independent market research consultancy Opinium , reveals that less than three in ten (29 per cent)
Payments Dive
NOVEMBER 22, 2024
More people are falling for real-time payment scams as the use of such speedy systems increases, a FICO survey showed.
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The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.
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