Fintech News

JANUARY 7, 2024

The stolen assets are then transferred to wallets under their control, often converted to cryptocurrencies like USDT or Tron, and then exchanged for hard currency using high-volume OTC brokers. Moreover, the DPRK has been continually evolving its money laundering tactics to evade international law enforcement.

OFAC 113

OFAC Law Enforcement Money Laundering Cryptocurrency 113

Clearly Payments

NOVEMBER 6, 2024

The payment processing market in the United States has demonstrated robust growth, driven by rising consumer demand for digital payments, advancements in financial technology, and the expansion of e-commerce. Total Transaction Volume : The U.S. Credit Card Transaction Volume : Credit card payments specifically accounted for around $5.6

Process 99

Process ISOs Credit Cards Online and Mobile Banking 99

Fintech News

JULY 24, 2024

billion in client assets, experienced two-fold increase in crypto spot trading volumes and a 500% rise in crypto derivatives trading, as well as a significant rise in loan volumes, exceeding 360% year-to-date. The company, which manages approximately US$4.5 said Martin Burgherr, Sygnum’s Chief Clients Officer.

Volume 106

Volume Regulations Settlement Bitcoin 106

Fintech Finance

AUGUST 29, 2024

Trulioo , an industry-leading identity platform with proven global coverage for person and business verification, today announced a 142% year-over-year increase in remittance-related transaction volume through its platform. We are proud to hold the trust of leading remittance brands in a rapidly expanding global industry.”

Cross-Border Payments 95

Cross-Border Payments Cross-Border Transactions Verification 95

The Payments Association

DECEMBER 19, 2024

The Payments Association sat down with Trust Payments Group CEO Laurence to gain his insight into why its time for payment providers to think broader, embrace innovation, and help businesses meet the demands of an increasingly dynamic and connected world.

Payments 88

Payments Fraud Prevention On-Demand Service Provider 88

The Payments Association

OCTOBER 28, 2024

Complementing their technology advantage, fintech companies have also adopted agile development methodologies that prioritise rapid prototyping, continuous integration, and frequent customer feedback. The demands of modern payments have created challenges for outdated systems.

Process 100

Process Payment APIs and Integration Processors Payments 100

Fintech News

JUNE 25, 2024

However, as the company’s user base skyrocketed and transaction volumes soared, it became evident that a robust and scalable technological foundation was crucial to sustain this meteoric rise. Zikry revealed that their initial setup using MySQL-like databases struggled to cope with the escalating transaction volumes during peak events.

Database 125

Database Volume On-Demand Disaster Recovery 125

Fintech News

MARCH 3, 2024

The move follows a period of major growth for Airwallex in the Americas as the company reported a 460 percent increase in revenue and over a 1,000 percent surge in transaction volume year-over-year. Jack Zhang “We kicked off 2024 with continued confidence and a commitment to growing the Airwallex business in the Americas. said Zhang.

On-Demand 94

On-Demand Volume Continuity Economy 94

Fintech News

JULY 7, 2024

As Southeast Asia’s digital economy continues to surge, businesses are seeking robust technological solutions to support their growth. Evan Yang For example, OceanBase’s capabilities in supporting high-volume transactions have been well proven — every year during the annual 11.11 OceanBase brings high performance with lower cost.

Database 122

Database Economy On-Demand Innovation 122

Fintech Finance

AUGUST 21, 2024

After processing $58 billion in transaction value globally and achieving 79 percent year-over-year growth in Total Payments Volume (TPV) in 2023, Trustly looks to reinforce its product team by bringing on D’arcy to lead several upcoming product expansions for Open Banking Payments. Trustly, Inc., I’ve known Adam for years.

Payments 96

Payments On-Demand Product Finance 96

Fintech News

DECEMBER 4, 2023

Adrian Przelozny Adrian Przelozny, Group CEO of Independent Reserve said, “As crypto becomes more mainstream in Australia and across the globe, we’re seeing increasing demand from businesses and consumers to use digital currencies to buy and sell goods and services. Bitcoin and stablecoin volumes outpaced both Mastercard and Paypal last year.

Digital Currency 107

Digital Currency Cryptocurrency Stablecoins Bitcoin 107

PYMNTS

OCTOBER 30, 2020

In an interview with Karen Webster, Khaled Naim , co-founder and CEO of Onfleet , which provides last-mile delivery management software to merchants, said year-over-year delivery volume has been surging amid the pandemic, with triple-digit increases in some segments, double-digit increases in others — and no signs of stopping.

Volume 94

Volume On-Demand B2B Continuity 94

Fintech Finance

DECEMBER 13, 2023

Specifically, Trustly’s RTP® volume grew 29% in transaction volume and 31% in payment value from Q2 2023 to Q3 2023. The rapid adoption of its RTP® service has led Trustly to now be approaching 10% of the RTP® network’s total transaction volume.

RTP 52

RTP Volume Real Time Payments Origination 52

The Fintech Times

JANUARY 18, 2024

Neo also saw cleared volume double in just under a year, reaching over €7billion in 2023 alone, highlighting the growing demand from businesses for alternative banking options. Being financially independent will help us continue to grow our success and enhance our offering as we rebuild corporate finance from the ground up.”

Multi-Currency 109

Multi-Currency Cross-Border Payments Bank Identification Code Cross-Border 109

Fintech Finance

SEPTEMBER 5, 2024

Trustly aims to scale its payment products in collaboration with Fifth Third to meet the growing demand for seamless, reliable payment experiences. Together, we’ll continue to focus on producing user-centric banking experiences and raising the standard for digital payments.”

RTP 96

RTP Innovation ACH Embedded Payments 96

Stax

DECEMBER 12, 2024

They enable secure, efficient in-store and online payment processing and offer flexible payment options that customers demand today. Merchant service accounts and how they work Merchant service providers assess your credit history, business type, and expected transaction volume during application. Mobile payment solutions.

Small Business 88

Small Business Online and Mobile Banking Volume Checks 88

Fintech News

SEPTEMBER 17, 2024

According to a recent report by PwC India, retail digital payments have surged 90-fold over the last 12 years, with transaction volumes expanding at an impressive annual rate of 40%, while the value of these transactions increased by 35% each year. India’s digital payment landscape has seen remarkable growth over the past decade.

Digital Payments 108

Digital Payments Credit Cards Payments Online and Mobile Banking 108

PYMNTS

OCTOBER 5, 2020

Many executives are overwhelmed by the sheer volume of back-office demands. Looking ahead, she said the B2B space will be marked by interchange optimization and continued modifications to cloud application programming interfaces (APIs), machine learning and customer service (via chatbots and other tools).

Process 130

Process Business Payments B2B Cross-Border 130

Fintech Finance

AUGUST 21, 2024

This collaboration will also introduce one of the few integrated payment and POS/PMS solutions in Mexico, addressing the region’s growing demand for innovative and contactless payment solutions. The post Shiji and FreedomPay Announce Partnership to Transform Mexican Hospitality Payment Solutions appeared first on FF News | Fintech Finance.

Payment Solutions 98

Payment Solutions Point-of-Sale (POS) Contactless Payments Payments 98

Fintech Finance

DECEMBER 6, 2024

Moonrise is positioned to meet the growing demand for scalable, innovative solutions. This is about meeting growing market demand from challenger banks and fintechs alike while driving meaningful transformation in the Nordic financial ecosystem.

On-Demand 85

On-Demand Payments FinTech Innovation 85

PYMNTS

FEBRUARY 14, 2020

Agility is critical in today’s supply chains, considering the high volume of exceptions that managers must address in the freight management space. These exceptions can be linked to changes in weather, customer demand, and other logistical risks that impact where and when deliveries occur. Continuous Data.

Addressing 99

Addressing On-Demand Volume Continuity 99

FICO

OCTOBER 22, 2020

The adoption of FICO’s AI-powered optimization follows a successful pilot in Russia, which delivered excellent results including significant profitability improvement on the targeted part of the loan portfolio, as well as an increase in new loan volumes. “We by FICO.

AI 96

AI Underserved Risk Management Risk 96

Fintech News

FEBRUARY 15, 2024

Despite the notable pullback, fintech continued to see traction from investors, with digital lending in particular witnessing an uptake. Among the key trends outlined in the reports, the companies note a sizable decline in tech investment volumes, adjustments in valuations and a shift towards earlier stage startups.

FinTech 99

FinTech Adjustments Volume Continuity 99

Fintech Finance

OCTOBER 28, 2024

This expansion of the facility and an increase in its maximum size just four months after the initial securitisation announcement reflects the acceleration in Zilch’s transaction and lending volumes.

On-Demand 104

On-Demand Payment Networks Volume Participant 104

Fintech Finance

SEPTEMBER 17, 2024

Elliff’s appointment comes at a pivotal time as the demand and need for next generation dispute management solutions meets unprecedented growth in the post-transaction fraud space. His track history and start-up mindset speak volumes. Globally, the issuance of chargebacks has increased more than 4x the rate of eCommerce (42%).

Disputes 98

Disputes Multi-Currency Issuers Fraud Prevention 98

Fintech Finance

JULY 23, 2024

The following chart shows payment volumes across different payment methods from 2013 to 2023. Card volume increases were driven by several factors, with much of the trend towards an increased number of lower value payments being focussed on consumer retail card spending. Consumers made 85 per cent of the total number of payments (41.0

Contactless Payments 98

Contactless Payments Online and Mobile Banking Debit Card Payments 98

PYMNTS

SEPTEMBER 29, 2020

Throughout the year, the team has successfully balanced strong demand in our stores with surging digital volume. During that time, more than 10 million new guests shopped Target.com and demand for same-day fulfillment options quadrupled. Another contender has joined the Prime Day counterprogramming battle. On Monday (Sept.

On-Demand 104

On-Demand Adjustments Volume Continuity 104

Fintech Finance

JUNE 12, 2024

Additionally, transaction volume rose by 86% in Hong Kong, signifying continued appetite among Hong Kong businesses to operate internationally. “As Reflecting the strong customer growth, Airwallex Hong Kong also recorded a 108% YoY revenue increase for the first quarter of 2024.

Cross-Border 98

Cross-Border On-Demand Continuity Consumer 98

PYMNTS

JANUARY 26, 2021

As the digital economy continues to mushroom, we’re seeing more and more accounts embedded in third-party apps, so the proliferation of account credentials is starting to cause an increased fraud risk,” he said. We delivered the faster part, but we haven’t completely tackled the safer, smarter part.

Real Time Payments 109

Real Time Payments RTP RFP TCH 109

The Fintech Times

DECEMBER 21, 2023

“Consumers and businesses are increasingly demanding quicker payments,” she says. In 2024 I expect to see a surge in real-time transfers as more customers demand a seamless banking experience.” “As hackers continue to gain access to powerful AI tools, we can expect this trend to gain greater prominence in 2024.

Cross-Border Payments 115

Cross-Border Payments Cross-Border Online and Mobile Banking Payments 115

PYMNTS

JANUARY 8, 2021

When we saw there was demand [to increase] the original limit of $25,000, and we saw that we could raise it safely and effectively, we were happy to do that,” Whisler noted. We will definitely see that continuing to evolve,” Whisler said. First is continuing education about the payments ecosystem as an experience.

RTP 139

RTP TCH Funding Agent Continuing Education 139

PYMNTS

AUGUST 21, 2020

More recently, the executive said on Fox Business News that a return to previous travel volumes would hinge on a vaccine. I don’t think we’ll ever get back entirely to where we were in 2019 on the volume of business traffic.”. For airlines, looking toward the future leads to a longing for the past.

Returns 116

Returns Volume On-Demand Continuity 116

Fintech Review

APRIL 24, 2024

Furthermore, it is vital to ensure the technological integrity of CBDC platforms to securely manage large-scale transaction volumes. Yet, this path is fraught with obstacles that demand meticulous strategic planning and oversight. Yet, this path is fraught with obstacles that demand meticulous strategic planning and oversight.

Central Bank 91

Central Bank CBDC Cross-Border Payments Cross-Border 91

Fintech Finance

NOVEMBER 19, 2024

As more consumers embrace digital solutions, demand is rising for secure, accessible local payment options that connect them to global markets. In 2024, Pakistan’s retail payments saw remarkable growth, with transaction volumes rising from 4.7 billion to 6.4 billion in just one year.

Cross-Border Payments 98

Cross-Border Payments Regulatory Compliance Cross-Border Fraud Prevention 98

Fintech Finance

AUGUST 1, 2024

2024 continues to build on the robust foundation we established in 2023. The expansion we have seen is a testament to their resilience and the demand for new payments use cases in both B2C and rapidly growing B2B payments.” Success Story: A Growing Partnership with Zilch BNPL shows no signs of slowing.

BNPL 93

BNPL FinTech B2C Payment Networks 93

PYMNTS

AUGUST 14, 2020

Juliet Anammah , chairwoman and head of institutional affairs at Jumia, previously told PYMNTS those tailwinds have started blowing stronger during the past few months as the global public health crisis has increased the volume on demand for digital payments, eCommerce and new series of transaction experiences throughout Africa.

Volume 101

Volume On-Demand Digital Payments Addressing 101

Fintech Finance

JUNE 18, 2024

Yet, high growth emerging markets in Asia Pacific, such as mainland China, India and the Philippines remain a bright spot for continued remittance activity, driven by the pursuit to drive positive change and progress at home.

Online and Mobile Banking 98

Online and Mobile Banking Economy On-Demand Volume 98