Payments Next
JUNE 27, 2024
By Kate Knudsen, Senior Program Director at BHMIAs the payments space changes rapidly, banks, merchants, and processors are updating front-end platforms to The post Unlocking profit potential in the payments back-office first appeared on Payments NEXT.
VISTA InfoSec
JUNE 27, 2024
In a recent development that has raised concerns across the education sector, Los Angeles Unified School District (LAUSD) has confirmed a significant data breach involving student information. The breach, linked to a hack of the district’s Snowflake account, has exposed sensitive data pertaining to students and employees enrolled in the sprawling district.
Payments Dive
JUNE 27, 2024
Spending by travelers and tourists is often done in cash or by debit card, even if most travelers would prefer to pay another way.
Open Banking Excellence
JUNE 27, 2024
As Australia develops its own unique use cases with CDR, here is more details about UK’s unique use case. An article by Helen Child, Founder and CEO of Open Banking Excellence (OBE) Location, location, location! The well-known phrase, emphasises the importance of getting the fundamentals in place when building or buying a house. I’ve learned that thriving open banking & finance ecosystems are built on the foundations of use case, use case, use case!
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
Finextra
JUNE 27, 2024
Norm Ai, a US RegTech that has built an AI platform for converting regulations into computer code, has raised $27 million in Series A funding from a host of financial institutions.
The Fintech Times
JUNE 27, 2024
FinTechSpace, backed by Taiwan’s Financial Supervisory Commission and co-funded by the Taiwan Financial Service Roundtable, has partnered with Bahrain FinTech Bay (BFB) to kick off a new era of fintech collaboration. The partnership aims to leverage Bahrain’s advanced digital infrastructure and regulatory frameworks to enhance fintech innovation and cooperation.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
National Processing
JUNE 27, 2024
Most business owners want to know how a virtual terminal compares to a traditional point-of-sale system. However, we’re betting you would like to see a list of benefits virtual terminals have first. Great! We will start there, then do a comparison of POS systems and virtual terminals. After that, we are going to comb […] The post Virtual Terminals: What Do Business Owners Need to Know appeared first on National Processing.
The Payments Association
JUNE 27, 2024
Thames Technology - as one of the first card manufacturers - introduces Mastercard-approved pre-paid paperboard cards. Designed exclusively for magnetic stripe only MasterCard-badged prepaid cards with limited use, Thames Technology's financial board cards meet the rising demand for sustainable financial card solutions. They are ideal for any business using compensation or event cards or as open loop gift cards.
Stax
JUNE 27, 2024
As a business owner, you engage in many daily transactions, from receiving customer payments to paying your bills and suppliers. But cash and checks are rapidly declining as preferred modes of payment. According to a 2023 study by Forrester , 69% of online adults in the US said they’d used electronic payments at least once in the past three months.
Payments Dive
JUNE 27, 2024
Community banks partnered with Alloy Labs and Payrailz a few years ago on a project called Chuck, in a bid to rival Zelle, but that effort has been subsumed by a stealthy successor.
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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?
Fintech News
JUNE 27, 2024
OceanBase, a distributed relational database developed by Ant Group, announced that its range of cloud database products and services is now available on the Google Cloud Marketplace. This expansion enhances OceanBase ‘s multi-cloud deployment capabilities, allowing for greater flexibility and scalability across 80 availability zones worldwide.
Finextra
JUNE 27, 2024
Demand for tokenised real-world assets could reach $30.1 trillion by 2034, with trade finance assets making up a significant part of the market, predicts a paper from Standard Chartered and Synpulse.
Basis Theory
JUNE 27, 2024
Tokenization of credit card data converts card information into a unique sequence of numbers, called a "token." We explain more in the blog!
Fintech Finance
JUNE 27, 2024
Driffle , a digital goods marketplace specialising in gaming products, has announced a new partnership with Mangopay , a modular and flexible payment infrastructure provider, to transform the user experience. Mangopay will provide a customised end-to-end payment flow, including pay-in, e-wallet management, seller payout, and KYC/KYB. This will enable Driffle to offer a seamless, safe, and compliant experience for its users.
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 Fintech Times
JUNE 27, 2024
With identity fraud losses reaching nearly $23billion in 2023, organisations need to improve identity checks. For the most effective results, this background check must be integrated seamlessly into the onboarding process to ensure consumers don’t have a bad experience and in turn loss their business. Looking to tackle this challenge, Trustfull , the digital risk intelligence company has launched its Silent Onboarding solution.
Fintech Finance
JUNE 27, 2024
Medius , a leading provider of AI-driven solutions for Accounts Payable (AP) automation, today announces the launch of two innovative products: Medius Copilot for Accounts Payable Automation (APA) and Medius Supplier Conversations. These cutting-edge tools are designed to streamline and enhance the efficiency of AP processes, marking a significant milestone in the realization of the Medius Agent project.
Payments Dive
JUNE 27, 2024
Abra agreed to repay customers some $82 million in crypto. CEO Bill Barhydt said all but $2 million, yet to be claimed, has been repaid.
Fintech Finance
JUNE 27, 2024
Nium , the global leader in real-time cross-border payments, today announced the appointment of Spencer Hanlon to the role of Chief Operating Officer (COO). Previously, Hanlon served as Nium’s Global Head of Travel, spearheading one of the company’s fastest-growing business units. Hanlon joined Nium in 2021 via the acquisition of Ixaris Group Ltd., where he served as Chairman.
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.
NFCW
JUNE 27, 2024
SANS CONTACT PLUS: The service lets users exceed the standard contactless limit by using their PIN French domestic card payments network Cartes Bancaires (CB) has begun the rollout of Sans Contact Plus , a new service that lets consumers make contactless card payments for amounts over the standard €50 transaction limit by entering their PIN at the point-of-sale.
Fintech Finance
JUNE 27, 2024
BVNK , global stablecoin payment provider, announces the launch of a new product, Layer1. This self-hosted, self-custody digital asset infrastructure helps businesses launch stablecoin payments quickly and securely, while keeping full control and privacy over their digital assets. Layer1 is designed to eliminate the complexities and infrastructure challenges associated with developing in-house blockchain payment systems, by providing automated core features like the wallet creation, reconciliati
The Paypers
JUNE 27, 2024
The Algorand Foundation, Archax , abrdn , and Quantoz Payments have announced the launch of the first tokenised money market fund on Algorand.
Fintech Finance
JUNE 27, 2024
TerraPay , a global leader in money movement, is pleased to announce the appointment of Juan Loraschi as Vice President – Head of North America Business. This strategic addition underscores TerraPay’s commitment to deepening its presence in the growing remittances market across the Americas. Juan joins TerraPay with a distinguished career in the Financial Services and Consumer Products industries.
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.
Bank Automation
JUNE 27, 2024
London-based B2B core banking platform XYB named Derek Joyce as its chief executive on May 30. Joyce previously worked at American Express, Klarna, Bread and Alloy and brings 20 years of experience to XYB, according to a company release.
Fintech Finance
JUNE 27, 2024
The Payments Canada Board of Directors today announced the appointment of Susan Hawkins to President and CEO of Payments Canada, effective August 12, 2024. “We are thrilled to appoint Susan Hawkins to lead Payments Canada as President and CEO,” said Garry Foster, Chair of the Payments Canada Board of Directors. “Susan is an expert in the industry and her experience spans domestic and international retail and commercial payment leadership.
The Fintech Times
JUNE 27, 2024
Introduced in 2020 by the Central Bank of Brazil , the Pix digital payment system has become one of the most used payment methods in the country with over 164 million users. While other countries around the world are looking to emulate the service’s success, PagBrasil , the Brazilian payment processor, is now making Pix accessible to e-commerce businesses around the globe.
Fintech Finance
JUNE 27, 2024
Fingerprint Cards AB (Fingerprints) and Valid , the global payment technology provider and integrator of secure solutions for identification, mobile and payment ecosystems, have partnered in developing a biometric payment card for the Brazilian market. The card, which features Fingerprints’ proven biometric technology, will offer new levels of contactless security, convenience and hygiene.
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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.
Bank Automation
JUNE 27, 2024
The financial services industry has worked for years to create frictionless payments. Now it may be necessary to add friction back into the mix to combat fraud.
Finextra
JUNE 27, 2024
British AgTech bank Oxbury has reported a pre-tax profit of £3 million and is on target to reach £1 billion in lending in the coming months.
Finovate
JUNE 27, 2024
Chime plans to acquire Salt Labs, an employee savings and rewards program to help companies motivate their workforces. Along with the acquisition, Chime is launching Chime Enterprise , a new business unit that will help Chime grow users via the employer channel. Salt Labs Founder and CEO Jason Lee will lead Chime Enterprise. Challenger bank Chime made an acquisition today that will help it expand into the enterprise arena.
Bank Automation
JUNE 27, 2024
Evolve Bank & Trust confirmed it was the victim of a cyber attack and that customer data had been posted on the dark web, less than two weeks after the Arkansas-based lender was ordered by regulators to improve its risk management and get approval before entering into any new partnerships. The Russian-linked hacker group LockBit 3.
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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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