The Fintech Times

MAY 30, 2024

PayPal USD (PYUSD), PayPal ‘s USD stablecoin, will now be available on the Solana blockchain. The news was announced at Consensus 2024 , the long-running cryptocurrency, blockchain and web3 event. PYUSD availability on Solana will provide users with the choice of multiple blockchains allowing for increased flexibility and control. Furthermore, the announcement builds upon Solana’s reputation for processing massive amounts of transactions at high speeds with extremely low costs.

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Stablecoins PayPal Blockchain Venmo 117

Payments Dive

MAY 30, 2024

“Putting these regulations into practice is challenging, and the success of such regulatory measures largely hinges on enforcement,” writes a Wise executive.

Junk Fees 97

Junk Fees Cross-Border CFPB Regulations 97

Finextra

MAY 30, 2024

Visa and Mastercard have agreed to pay $197 million to settle a long-running class action lawsuit accusing them of keeping ATM fees artificially high.

ATM 118

ATM Visa 118

The Payments Association

MAY 30, 2024

PSD3 updates PSD2 to enhance electronic payment services, merging payment and e-money institutions, regulating digital marketplaces, clarifying delegated authentication, and detailing open banking API requirements Read more

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Authentication API Regulations Payments 88

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

Basis Theory

MAY 30, 2024

Dynamic payment routing is an essential part of any comprehensive payment optimization strategy: getting the highest close rate at the lowest processing cost demands working with multiple payment service providers ( PSPs ). Deciding on your logic tree, however, may represent the difference between success and failure - and, indeed, landing on a range of strategies that may be able to work hand in hand with one another may be the path to the highest ROI possible.

Processing Costs 88

Processing Costs Payments On-Demand Service Provider 88

Stax

MAY 30, 2024

Bookkeeping is an essential part of managing your business and it’s something you must oversee in order to remain profitable. Finding the best accounting apps can be overwhelming and difficult, as there are so many options to choose from. Thankfully apps are constantly making it easier to track and organize important data. Here’s a list of the ten best accounting apps for your business.

Small Business 88

Small Business Accounts Online and Mobile Banking Automation 88

Stax

MAY 30, 2024

While remote work is all the rage these days, there is still very much a need for on-site services, particularly industries like construction, healthcare, utilities, and telecommunications. This is where field service management (FSM) come in. Field service is work delivered to the client on their site, instead of the company’s offices. Field service management software is a system that helps a company monitor and coordinate their employees’ activities off the company’s premises.

Payment APIs and Integration 88

Payment APIs and Integration CRM Product Automation 88

The Payments Association

MAY 30, 2024

AI-powered CoP can be a real game changer. UK's fraud fighter checks recipient names to prevent misdirected payments, and AI refines accuracy and reduces false flags, but vigilance is still key.

AI 88

AI Payee Technology Checks 88

Fintech News

MAY 30, 2024

Marketnode, a Singapore-based digital market infrastructure operator, has announced the first close of its Series A investment round, led by HSBC with additional support from existing shareholder Temasek. The investment sum was not disclosed. The funding aims to scale Marketnode ’s platforms and develop a multi-asset ecosystem in the Asia-Pacific region.

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Settlement Participant Authorization Innovation 103

The Payments Association

MAY 30, 2024

With less than five months to go before new mandatory reimbursement rules come into force for APP fraud, we take a look at what PSPs can learn from Regulatory expectations and how these can help firms prepare for the new requirements.

Rules 88

Rules Financial Crimes Crime 88

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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?

Use Case

Finextra

MAY 30, 2024

Papara's acquisition of SadaPay, marks a significant strategic expansion into the Middle East and South Asia markets, reinforcing its position as a key player in the global financial technology sector.

Acquirers 98

Acquirers Technology 98

Clearly Payments

MAY 30, 2024

In 2024, Canada has millions of businesses operating across the country. This article provides an overview of the number of businesses in Canada and various related statistics. A Sample of Statistics in This Article: Canada has approximately 1.3 million businesses in 2024. This does not include holding companies and businesses with no employees. 99.8% (1.29 million) of all businesses in Canada are small businesses There are 4,000 large corporations in Canada (>500 employees) There are 50,000

Small Business 89

Small Business Credit Cards Online and Mobile Banking Economy 89

Finextra

MAY 30, 2024

Banking co-operative Swift is working with global banks on AI pilots to tackle cross-border payments fraud.

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SWIFT Cross-Border Payments AI Cross-Border 119

Fintech News

MAY 30, 2024

The Network for Electronic Transfers (NETS) , Singapore’s payment services group, has announced a giveaway of up to 1 million complimentary NETS Motoring Cards. This initiative coincides with the ongoing installation of On-Board Units in vehicles across the city. The Land Transport Authority (LTA) will distribute the free cards to vehicle owners who install the new On-Board Units.

ATM 94

ATM Facilitators Authorization Risk 94

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

Best Practices

Bank Automation

MAY 30, 2024

Global fintech funding dropped to a four-year low in the first quarter of 2024 but the number of deals ticked up, according to data intelligence company CB Insights. Fintech funding in Q1 fell to $7.3 billion, registering a 54% drop year over year, according to an April 18 report by CB Insights.

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FinTech AI 80

Fintech News

MAY 30, 2024

The Monetary Authority of Singapore (MAS) has updated its Guidelines on Fair Dealing , now encompassing all financial institutions and the entire range of their products and services. This expansion aims to enhance standards of fair dealing and improve customer experiences. The revised guidelines require financial institutions to embed fair dealing principles throughout a product’s lifecycle and the services provided.

Authorization 84

Authorization Product Posting Service Provider 84

Finextra

MAY 30, 2024

The next UK government should introduce a bill that forces technology, social media and telecoms firms to contribute £40 million a year to fight fraud and scams, says UK Finance.

Scams 72

Scams Government Governance Finance 72

Finovate

MAY 30, 2024

The conversation continues with Finovate VP and host of the Finovate Podcast Greg Palmer! In recent episodes of the Finovate Podcast, Greg Palmer has discussed a number of key topics in fintech and financial services. These topics include the current state of venture capital funding, the opportunities presented by new technologies like AI and faster payments, and a look at the current challenges faced by credit unions.

Faster Payments 72

Faster Payments Credit Union Payments AI 72

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.

Payments

Finextra

MAY 30, 2024

FintechOS, a European startup promising a low-code approach to helping financial institutions quickly and painlessly go digital, has picked up $60 million in a Series B+ funding round extension.

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Payments Dive

MAY 30, 2024

Venture capital flowing to startups in the payments sphere remains reduced this year, extending a rut from last year.

Payments 78

Payments 78

Finextra

MAY 30, 2024

Mastercard has begun piloting its Crypto Credential network, enabling cross-border peer-to-peer digital asset transactions between Latin America and Europe.

Credential 78

Credential Visa Cross-Border Transactions 78

Fintech Finance

MAY 30, 2024

Swift has today announced two AI-based experiments in collaboration with its member banks, to explore how the technology could assist in combatting cross-border payments fraud and save the industry billions in fraud-related costs. In the first pilot, Swift is enhancing its existing Payment Controls service – which helps financial institutions detect anomalies that could be indicative of fraud – by using an AI model that will create a more nuanced and accurate picture of potential fraud activity,

Cross-Border Payments 64

Cross-Border Payments Cross-Border SWIFT AI 64

Speaker: Shaunna Bruton, Danielle Wyllie, and Kailey Holmes

Say goodbye to one-size-fits-all retail, and say hello to experiences that keep your customers coming back for more! Customer loyalty isn’t just earned - it’s cultivated through meaningful engagement with the help of data. This webinar will take you behind the scenes of how top retailers turn customer data into personalized experiences that drive engagement and retention.

Continuity

Finextra

MAY 30, 2024

Pay.UK says a fraud detection pilot involving Visa has exceed expectations, suggesting that it could save the country's economy over £112 million a year.

Fraud Detection 72

Fraud Detection Economy 72

The Paypers

MAY 30, 2024

Viva.com , a Greece-based company powering merchant payment acceptance, has enabled Italian merchants to accept contactless payments via the Viva.com terminal iOS app.

Contactless Payments 74

Contactless Payments Payments 74

Finextra

MAY 30, 2024

HSBC has introduced a new Payment Pre-Validation API (Application Programming Interface) to help business customers make payments with greater security, ease and confidence, by offering enhanced capabilities to verify payee details prior to initiating payments, making them faster and more reliable.

API 64

API Payee Payments Security 64

The Fintech Times

MAY 30, 2024

From the moment a cryptocurrency firm is formed, it is already facing an uphill battle. There are numerous cases which have given the crypto world a bad reputation, meaning firms must go the extra mile to ensure they can protect consumers’ investments and remain compliant. Nataly Medici , chief financial officer of neobank Keytom explores what firms can do.

Compliance 62

Compliance Security Legal Blockchain 62

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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.

AI

Finovate

MAY 30, 2024

Jio Financial Services parent Reliance Group launched its own financial super app, JioFinance. JioFinance serves as a single place where users can conduct digital payments, apply for loans, and purchase insurance. Jio Financial partnered with Blackrock last year and is expected to enter the wealth management space in the future. TechCrunch unveiled this morning that Jio Financial Services parent and multi-sector conglomerate Reliance Group launched its own financial super app, JioFinance.

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Origination Digital Payments Finance Accounts 59

Finextra

MAY 30, 2024

Moneyhub, the market-leading data and payments platform, has partnered with leading carbon measurement companies to launch its latest API ‘Recipe’, Carbon Counter, empowering businesses to deliver real-life insights to their customers into the environmental impact of their financial behaviours.

API 59

API Payments 59

Finovate

MAY 30, 2024

Payroll connectivity innovator Atomic launched its subscription management solution, PayLink Manage. The new offering for financial institutions enables users to monitor recurring payments and make real-time changes from within their banking app. Atomic most recently demoed its technology earlier this month at FinovateSpring in San Francisco. Payroll connectivity innovator Atomic unveiled its latest offering: PayLink Manage.

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Payroll Direct Deposit Facilitators Verification 59

Finextra

MAY 30, 2024

Mastercard today announced the opening of its European Cyber Resilience Centre (ECRC) at its European Headquarters reaffirming the company’s commitment to combatting cyber threats and enhancing resilience in the region.

Visa 59

Visa 59

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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.

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