Payments Dive
SEPTEMBER 5, 2024
“The CFPB’s plan to reclassify EWA as a loan could accidentally backfire on the agency by driving people right back to the payday lending industry,” writes one tech trade group professional.
The Payments Association
SEPTEMBER 5, 2024
This article highlights how PostFinance significantly improved its dispute management process using Rivero’s Amiko tool, increasing efficiency by 500%. It offers insights into how innovative solutions can streamline financial operations, reduce fraud losses, and enhance customer experience. Readers will learn how adopting the right technology can transform business processes and drive greater customer-centricity.
Fintech Finance
SEPTEMBER 5, 2024
PayPal (NASDAQ: PYPL) today ushered in a new era for customers, making it easier and more rewarding than ever to shop and pay with PayPal anywhere, anytime – both in stores and online. Now, customers have access to rich rewards, stackable cashback offers in the PayPal app, and more personalized ways to manage their spending – all with the safety and security PayPal is known for and the peace of mind they’re getting more money back in their pockets.
Payments Dive
SEPTEMBER 5, 2024
Diane Offereins is suing the card network over roughly $7 million in clawed-back equity, claiming she was a “convenient scapegoat” for Discover’s card misclassification issue.
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
Basis Theory
SEPTEMBER 5, 2024
If reducing decline rates while also paying lower processor fees appeals, you need localized payment processing. Find out more here.
Fintech Finance
SEPTEMBER 5, 2024
American Express (NYSE: AXP) and Knot , an Amex Ventures portfolio company, have teamed up to launch a new pilot feature that simplifies adding payment information at select merchants. The feature rolled out as a limited pilot for select American Express customers to enable them to seamlessly add their payment information for some of their favorite merchants, including Bloomingdale’s, Hilton and Macy’s, to enjoy a continued smooth checkout experience.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Fintech Finance
SEPTEMBER 5, 2024
Checkout.com, a leading global digital payment solutions provider, has helped Holiday Extras streamline and increase the performance of their payment processes through the use of virtual cards, resulting in increased automation, improved operational efficiency, and positive financial outcomes. Holiday Extras, the market leader in holiday extras, is used by more than 11 million travelers every year to book airport parking, airport hotels, airport lounges, travel insurance, car hire, airport trans
Bank Automation
SEPTEMBER 5, 2024
Regional and community banks are investing in AI for new business opportunities, revenue growth and efficiency gains. “Financial institutions are quite bullish when it comes to AI,” Allison Cerra, chief marketing officer at fintech Alkami, told Bank Automation News. “They’re looking at this as kind of a broader catch-all of business opportunities, not necessarily […] The post 78% of regional FIs say AI can help find new business appeared first on Bank Automation News.
Fintech Finance
SEPTEMBER 5, 2024
Fidesmo is happy to announce that the company has officially signed an agreement and launched with Swatch , the renowned Swiss watchmaker, to become the global payment provider for SwatchPAY! Fidesmo will focus its efforts on delivering the payment tokenization platform as well as expanding the payment ecosystem by bringing more connected schemes and banks into Fidesmo Pay.
Bank Automation
SEPTEMBER 5, 2024
Toronto-Dominion Bank employees need to take more accountability and act with more urgency on risks, Chief Executive Officer Bharat Masrani said, after the Canadian bank was rocked by sweeping money-laundering investigations in its US business. “The big lesson is you can’t take anything for granted,” Masrani said Wednesday at a financial-industry conference hosted by Bank […] The post TD chief says probes show need for better staff accountability appeared first on Bank Automation News.
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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 Finance
SEPTEMBER 5, 2024
Ume , a payment network and merchant services platform for small- and mid-sized businesses (SMBs) on Pix, has announced it has raised $ 15 million in Series A equity funding. The round was led by PayPal Ventures, with participation from NFX, Globo Ventures, Clocktower Ventures, Big Bets, FJ Labs, Endeavor and Norte Ventures. Ume has also raised a USD $20 million FIDC debt facility from Verde, Wersten Asset, Itaú, Credit Saison and Milenio.
Bank Automation
SEPTEMBER 5, 2024
American Express’ credit and fraud models completely use machine learning and AI. “In fact, the first time American Express used machine learning in the company was back in 2010 in our fraud models,” Anna Mars, group president of global commercial services and credit and fraud risk at the financial giant, said Sept. 4 during the […] The post 100% of Amex fraud models tap AI, ML appeared first on Bank Automation News.
Fintech Finance
SEPTEMBER 5, 2024
Satispay , the leading independent mobile payment network in Italy, today announced a strategic partnership with Stripe , a financial infrastructure platform for businesses, in order to eliminate the barriers in online digital shopping experience for Italian merchants and consumers. Satispay, which is adopted by a growing 4,8 million users in Italy, Luxembourg and France, provides a seamless and secure payment option for customers who can use the Satispay app to pay in physical or e-commerce sho
Payments Dive
SEPTEMBER 5, 2024
The Berkleley, California-based company is looking to expand by building ties with established retailers, CEO Will Glaser said.
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
Fintech Finance
SEPTEMBER 5, 2024
CleverCards , a leading global digital payments platform, has today announced the appointment of Ray Brash as its new Chief Operating Officer (COO). This key hire comes on the back of CleverCards’ recent €8 million funding round, marking another significant milestone in the company’s ambitious growth and expansion strategy. Brash is an award-winning fintech leader with over 30 years of experience, bringing a wealth of expertise in the payments and financial services sector to CleverCards.
Finextra
SEPTEMBER 5, 2024
Ant Group today announced the number of international visitors who have used its mobile payment services in China quadrupled over the past six months, following the launch of the International Consumer Friendly Zones program in March that has now expanded to 70 Chinese cities.
Fintech Finance
SEPTEMBER 5, 2024
Fifth Third Bank is pleased to announce a collaborative agreement between Newline by Fifth Third , a leading embedded payments platform, and Trustly , the global leader in Open Banking Payments. Working together, Trustly and Newline will drive innovation across the money movement landscape, including payments via the Automated Clearing House (ACH) and Real Time Payments (RTP) networks, and Trustly’s pay-by-bank ecosystem.
Finextra
SEPTEMBER 5, 2024
Ant Group has launched a new 'life assistant' app, Zhixiaobao, connecting users to a multitude of AI-agents trained for shopping, fitness and language learning.
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.
The Fintech Times
SEPTEMBER 5, 2024
Day two of the 24 Fintech event in Riyadh, Saudi Arabia, saw key discussions on the evolving fintech landscape, emphasizing the country’s growing role as a global hub. The day was marked by engaging talks, critical partnerships, and expert insights from international leaders. Following a successful first day at 24 Fintech , I returned to explore everything else the inaugural industry event had to offer.
Finextra
SEPTEMBER 5, 2024
Siemens has issued its second digital bond on blockchain rails in support of European Central Bank and Deutsche Bundesbank digital ledger trials.
The Fintech Times
SEPTEMBER 5, 2024
One year after being founded, Saudi Arabian fintech, barq , has achieved a significant milestone as it enlists 1.6 million wallet users and account holders after its first full month of operation. In January 2024, barq received its e-wallet licence from the Central Bank of Saudi Arabia (SAMA). Since then, the Saudi fintech has announced new partnerships , like its collaboration with Thunes , in preparation for its launch.
The Paypers
SEPTEMBER 5, 2024
Multinational payment card services corporation Visa has announced its plans to apply its infrastructure, technology, and features to A2A payments and provide consumers with more control and safety.
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.
The Fintech Times
SEPTEMBER 5, 2024
New York-based fintech firm Broadridge Financial Solutions has launched a new data platform, dubbed ‘Tradeverse’, to help trading firms eliminate data silos, unleash the potential of their data across the enterprise and better manage costs, reconciliation, and the data quality and lineage challenges of firms typical complex platform ecosystems.
Finovate
SEPTEMBER 5, 2024
Low code platform 3forge received funding from Morgan Stanley. The amount of the round, which marked 3forge’s first external investment since it was founded in 2011, was undisclosed. 3forge will use the funds to fuel its global go-to-market strategy and expand its development community. Low code platform 3forge has landed its first external investment round since it was founded in 2011.
The Fintech Times
SEPTEMBER 5, 2024
What has the CrowdStrike incident, which caused a global IT outage affecting millions of devices, taught us, and what steps need to be taken to ensure a secure payment landscape?” Sarah Koch , director of marketing and communications at Aevi, a platform provider for in-person payment orchestration, delves into the vulnerabilities exposed by this global IT failure.
Finextra
SEPTEMBER 5, 2024
XTCC, a firm specialising in tradable financial instruments tied to high integrity carbon credits, today announces a strategic partnership with Finmaal, a premier e-marketplace service provider focused on fintech and insurtech solutions, headquartered in Dubai, UAE.
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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.
The Paypers
SEPTEMBER 5, 2024
Trace Finance , a fintech company specialising in payment facilitation and cross-border financial solutions, has launched Non-Resident Accounts (NRA) in Brazil.
Finextra
SEPTEMBER 5, 2024
Three former Wirecard executives, including CEO Markus Braun, have been order to pay €140 million plus interest to the former administrator of the bankrupt payments group.
The Fintech Times
SEPTEMBER 5, 2024
In early 2024, Zambian fintech, Union54 announced the official launch of ChitChat, its messaging app with an integrated payment wallet. Building on this success, the fintech has now partnered with Paymentology , the global issuer processor, to introduce a USD virtual Mastercard debit card to the platform. Founded in 2021 by entrepreneurs Perseus Mlambo and Alessandra Martini , Union54 has quickly gained prominence in Africa’s fintech sector.
Finextra
SEPTEMBER 5, 2024
Blue-blooded wealth management house Quilter has acquired fintech firm NuWealth to boost its advisory service for novice investors.
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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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