The Payments Association
SEPTEMBER 17, 2024
With the rollout of new instant payment regulations under the SEPA Instant Credit Transfer (ICT) scheme, Europe’s cross-border payments landscape is significantly transforming. From overhauling existing systems to adjusting sanctions screening processes, firms need to navigate these complexities to stay compliant and competitive.
NFCW
SEPTEMBER 17, 2024
P2P: Tap to Cash enables users to send and receive Apple Cash by holding two iPhones together Apple Watch and iPhone users in the US can now use Apple’s Tap to Cash peer-to-peer money transfer service to transfer money to each other via NFC. The ability to use NFC to add a payment card to Apple Wallet is also being rolled out via a new Tap to Provision service.
The Payments Association
SEPTEMBER 17, 2024
Chargebacks911 has appointed fintech expert Mike Elliff as Chief Revenue Officer, CEO of EMEA, and board member. His appointment comes as the company seeks to address growing demand for advanced dispute management solutions amidst a surge in post-transaction fraud. Chargebacks911 aims to leverage Elliff's 30 years of banking and payments expertise, including success at NatWest Group and JP Morgan Chase, to drive global expansion and provide innovative, adaptable solutions to protect consumers, m
Stax
SEPTEMBER 17, 2024
A payment gateway is a must-have for online stores. In fact, research from 2023 shows that 69% of Americans said they’ve used a digital payment method in the past 3 months when making a purchase. And the best way for online businesses to start accepting payments is with a payment gateway. But hold on: If you’re wondering what a payment gateway is, and just why exactly you need one, we’ve got you covered.
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
The Payments Association
SEPTEMBER 17, 2024
The Payments Association’s consumer behaviour survey uncovers shifting payment preferences in the UK, with digital methods on the rise while cash remains vital for certain demographics.
Stax
SEPTEMBER 17, 2024
In the new, digital era of payment management and shopping, protecting customer data is a top priority. While the news may bring breaking headlines about stolen or lost data from large corporations, every business can take the steps necessary to secure sensitive data. TL;DR PCI compliance is essential because it helps prevent data breaches, ultimately cultivating customer trust.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Stax
SEPTEMBER 17, 2024
When did you last use cash or check to pay for something? If you had to scratch your head to answer this question, you’re among 9 in 10 Americans who prefer digital transactions over traditional payment methods. According to Mordor Intelligence , the electronic payments industry was valued at $7.36 trillion in 2021 and is expected to grow at a CAGR of 11.08% to hit $15.27 trillion in 2030.
Fintech News
SEPTEMBER 17, 2024
Krungsri (Bank of Ayudhya PCL) is enhancing its support for Thai businesses expanding into ASEAN through a new Memorandum of Understanding (MoU) with MUFG and three partner banks: Bank Danamon in Indonesia, VietinBank in Vietnam, and Security Bank in the Philippines. The agreement aims to streamline business growth by offering coordinated assistance for Thai companies entering new regional markets.
Finextra
SEPTEMBER 17, 2024
PIMFA WealthTech, the market network and technology platform that brings the FinTech and wealth and investment management sectors together has today (17 September 2024) launched their latest focused Tech Sprint on Cyber Security.
Fintech News
SEPTEMBER 17, 2024
dtcpay is integrating its digital payment capabilities into Visa ’s global network, giving access to over 130 million merchants across more than 200 countries and territories. The partnership’s first phase includes the launch of the dtcpay Visa Infinite card, allowing users—particularly ultra-high-net-worth (UHNW) individuals—to convert digital currencies like stablecoins into fiat at real-time rates.
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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
SEPTEMBER 17, 2024
Fraudsters are already latching on to the new APP fraud reimbursement scheme as a means to dupe consumers into handing over sensitive banking information warns consumer group Which?
NFCW
SEPTEMBER 17, 2024
GOOGLE WALLET: Support is being added for passports, more State IDs and additional transit services “Starting soon, we’ll begin beta testing a new type of digital ID in Google Wallet, giving more people in more places a way to create and store a digital ID, now with a US passport,” Jenny Cheng, Google Wallet’s VP and GM, has revealed. “People are increasingly looking for ways to digitize everyday items — with one of the top requests being a digital ID,” Cheng explai
Nanonets
SEPTEMBER 17, 2024
Introduction Large Language Models or LLMs, have been all the rage since the advent of ChatGPT in 2022. This is largely thanks to the success of the transformer architecture and availability of terabytes worth of text data over the internet. Despite their fame, LLMs are fundamentally limited to working only with texts. A VLM is worth 1000 LLMs Vision Language Models or VLMs are AI models that use both images and textual data to perform tasks that fundamentally need both of them.
Fintech News
SEPTEMBER 17, 2024
India’s digital payment landscape has seen remarkable growth over the past decade. 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. This impressive growth has been driven by various factors, the report says, including the swift expansion of digital infrastructure, the widespread popularity of the Un
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
Basis Theory
SEPTEMBER 17, 2024
Increase your security by storing credit card data within a programmable token vault. Explore credit card vaulting services with this post.
Payments Dive
SEPTEMBER 17, 2024
Two U.S. senators demanded tighter regulations on BaaS and fintech partnerships, saying they pose “a broader threat to the stability of our banking system and the economy.
Fintech Finance
SEPTEMBER 17, 2024
Kani Payments , the disruptive global data reconciliation and reporting pioneer, today announces it is ready to support the ISO 20022 global messaging standard ahead of the November 2025 implementation date. The move comes as part of its offering to simplify reconciliation and enhance data standardisation for its global payments client base. ISO 20022 is the global messaging standard for financial messages, designed to enable interoperability between financial institutions and other market playe
Fintech News
SEPTEMBER 17, 2024
A new report by CMSPI, an American payment consultancy, produced in collaboration with Amazon, explores payment trends and regulations in Asia-Pacific (APAC), focusing on the impact of rising card fees on merchants and the regulatory responses to these challenges. The report highlights the role of regulatory , such as interchange fee caps and the promotion of pay-by-bank alternatives, in reducing merchant costs and interventions enhancing competition within the payment market.
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.
Fintech Finance
SEPTEMBER 17, 2024
Leading disputes technology platform Chargebacks911 announced today the appointment of fintech heavyweight Mike Elliff as Chief Revenue Officer, CEO of Europe, Middle East and Africa (EMEA), and board member. With over 30 years of banking and payments experience, Elliff has a strong track record of innovating and building intrapreneurial ventures and high-growth businesses while at NatWest Group and JP Morgan Chase.
Payments Dive
SEPTEMBER 17, 2024
Block will move several longtime executives into different positions and create a new role to address customer safety, the company said Monday.
TechCrunch Fintech
SEPTEMBER 17, 2024
Billing might not be something that the average person thinks about on a regular basis. But for companies — particularly those in the business of selling software — it’s massively important. They rely on billing systems to ensure that customers pay on time and have a range of ways to pay. The trouble is, configuring […] © 2024 TechCrunch.
Fintech News
SEPTEMBER 17, 2024
Major retail banks in Singapore will progressively implement Singpass Face Verification (SFV) over the next three months in a concerted effort to bolster security against phishing scams. This move, announced by the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) , aims to enhance the digital token (DT) setup process for retail banking customers.
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.
Fintech Finance
SEPTEMBER 17, 2024
Since April 2024, UK Finance has been working with eleven of its members (Barclays, Citi UK, HSBC UK, Lloyds Banking Group, Mastercard, NatWest, Nationwide, Santander UK, Standard Chartered, Virgin Money and Visa) and a number of other partners (EY, Linklaters and a technology team of R3, Quant, DXC Technology and Coadjute) on a new UK Regulated Liability Network (RLN) Experimentation Phase.
Fintech News
SEPTEMBER 17, 2024
Global neobank Revolut is preparing to enter the Indian market next year, setting its sights on affluent consumers in what is expected to be a major step in its global growth strategy, according to a report by the Financial Times. Recently, Abu Dhabi’s sovereign wealth fund, Mubadala, invested in Revolut, as part of a transaction that valued the company at $45 billion.
Fintech Finance
SEPTEMBER 17, 2024
Uzum , the leading fintech and e-commerce ecosystem in Uzbekistan, has partnered with Mastercard on an education project to improve financial literacy in Central Asia’s most populous country. Uzum and Mastercard have launched two free online courses to help Uzbek consumers understand how to conveniently and safely use debit and credit cards. This is one of the first initiatives aimed at increasing the popularity of digital payments and fintech in the region.
Bank Automation
SEPTEMBER 17, 2024
JPMorgan Chase & Co. is in discussions with Apple Inc. about taking over a credit card portfolio that rival Goldman Sachs Group Inc. has been trying to ditch. The biggest US bank is among a slew of credit-card issuers that have explored taking over the Apple card, according to a person familiar with the matter. […] The post JPMorgan explores taking over Apple card that Goldman wants to ditch appeared first on Bank Automation News.
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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.
Fintech Finance
SEPTEMBER 17, 2024
Capchase , an innovative provider of revenue acceleration solutions for SaaS, is announcing a strategic partnership with Stripe, a financial infrastructure platform for businesses. This partnership makes Capchase’s buy-now-pay-later (BNPL) solution available within Stripe. This marks Stripe’s first-ever B2B BNPL payment method offering in the U.S. market.
Bank Automation
SEPTEMBER 17, 2024
Citizens Bank is investing in its API infrastructure, migrating operations to the cloud and teaming up with vendors to ready its operations for impending open banking regulations expected to be finalized in the United States in the fall. “We have been investing in this for over three years,” Michael Ruttledge, chief information officer and head […] The post How Citizens is prepping for open banking appeared first on Bank Automation News.
Fintech Finance
SEPTEMBER 17, 2024
Neonomics a leading open banking provider, have been selected by Oblinor , a Norwegian digital investment platform that gives investors the opportunity to invest in real estate projects. Seeking a way to streamline and enhance the investor experience, Oblinor has integrated Neonomics checkout offering to make it faster, more secure, and user-friendly for users to deposit funds for investments.
Fintech News
SEPTEMBER 17, 2024
Climate Impact X (CIX), a global carbon market solutions provider, has announced the appointment of Oi-Yee Choo as its new CEO, effective 21 October 2024. Choo, a seasoned business leader with 25 years of experience in financial markets, will take over from interim CEO Mark Glossoti. Glossoti served as the interim CEO since July 2024 and will return to his position as Chief Operating Officer.
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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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