Fri.Oct 25, 2024

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19% consumer and retail fraud increase in England and Wales reports ONS

Finextra

The Office of National Statistics (ONS) has reported there were approximately 3.6 million consumer and retail fraud incidents in 2024, a 19% rise for the same period in 2023.

Consumer 115
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Capital One spends $63M on integration of Discover

Bank Automation

Capital One invested heavily in integrating Discover Financial Services in the third quarter as it prepares to acquire the company, providing the transaction is approved by the Federal Reserve. The deal is expected to be finalized in early 2025 if it lands regulatory and shareholder approval, Richard Fairbank, chairman and chief executive at Capital One, […] The post Capital One spends $63M on integration of Discover appeared first on Bank Automation News.

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Mastercard is Expanding Its US Installments Program to Provide More Payment Flexibility at Checkout

Fintech Finance

Mastercard is expanding its US Installments experience at checkout to provide consumers with more choice in how they pay through Mastercard Installment Payment Services. Through a single and streamlined platform, players across the ecosystem – merchants, financial service providers, payments processors, digital wallets – will be able to present installment offers for consumers to any eligible credit card from participating issuers.

Visa 94
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Illinois should abandon interchange law

Payments Dive

“Illinois has made a hasty decision that, if implemented, would have government change our payments system that functions so well that we barely notice it,” writes a trade group CEO.

Laws 88
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The Evolving Retailers Fulfillment Strategy: Meeting Demands with Agility

Speaker: Becky Parisotto

Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever

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Report: Challenger processors grow four times faster than the overall card processing market

The Payments Association

BPC , a global leader in payment solutions, has released a comprehensive report in collaboration with Arkwright Consulting, detailing the evolution of the card processing market, the ecosystem involved in facilitating and managing card-based transactions, such as credit, debit, and prepaid card payments “ Next-Generation Card Processing ” highlights the trends reshaping the card processing industry and the rapid rise of challenger processors.

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Bluefin and Sycurio Announce Partnership to Elevate Payment Security, Customer, and Agent Experience

Fintech Finance

Bluefin , a leader in PCI-validated encryption and tokenization technologies that protect payments and sensitive data, today announced a strategic partnership with Sycurio , the global innovator in securing frictionless multi-channel payments and enabling seamless transitions between voice and digital payment methods. This collaboration will deliver enhanced payment security, offering customers secure, compliant, and seamless experiences across all channels, while simplifying interactions for bo

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Getnet by Santander Launches Getnet SEP, a Solution for E-commerce Payments in Brazil, Argentina, Mexico and Chile Through a Single Integration

Fintech Finance

Getnet , Santander’s leading global provider of payment solutions for merchants, announces today the launch of Getnet SEP, its new regional e-commerce solution that will work as a single entry point (SEP) for payments in Brazil, Argentina, Chile and Mexico. Through this pioneer payment solution, merchants operating in these countries will have access to Getnet’s payment services through one unique, direct integration.

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Capital One-Discover deal draws NY scrutiny

Payments Dive

New York Attorney General Letitia James is probing the proposed acquisition’s effects on competition, arguing “often vulnerable New Yorkers with subprime credit scores” could be negatively impacted.

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foodpanda teams with Fiserv to facilitate secure ecommerce payments

The Paypers

Fiserv , a worldwide provider of payments and financial services technology solutions, has revealed a strategic partnership with foodpanda.

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Finix eyes competition with rivals like Stripe

Payments Dive

The payment processor said Thursday that it raised $75 million and is seeking to grab a bigger slice of a payments market dominated by larger rivals.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

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

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What is Credit? Understanding Types, Credit Scores, and Importance

Paystand

Table of Contents What is a Simple Definition of Credit? What is Credit in Finance? How Does Credit Work? What’s Included in a Credit Report? What is a Credit Score? What are the Different Types of Credit? Why is Credit Important? Key Takeaways Credit Basics : Credit allows individuals to borrow money or access services now, with payment promised for later.

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UK leads European crypto economy with USD 217 bln on-chain

The Paypers

Recent data from the blockchain analysis firm Chainalysis highlights that the UK holds the largest cryptocurrency economy in Central, Northern, and Western Europe (CNWE).

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European Financial Institutions Fall Behind US Counterparts in Embedded Finance Race

The Fintech Times

European banks and financial services players have fallen significantly behind those in the US in the embedded finance race, according to new research by payment consultancies PSE Consulting and The Strawhecker Group (TSG). While 33 per cent of small and medium-sized businesses (SMBs) in the US already use embedded finance solutions via Software-as-a-Service (SaaS) platforms, compared to just 11 per cent in the UK, and six per cent in Germany and France.

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Prelim integrates with Q2's digital banking platform

The Paypers

Prelim has announced its integration with Q2 ’s Digital Banking Platform via the Q2 Partner Accelerator Program.

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15 Modern Use Cases for Enterprise Business Intelligence

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?

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Core providers can help FIs prepare for open banking

Bank Automation

Banks should look to their core providers to ensure they have the API frameworks to be compliant with this week’s Consumer Financial Protection Bureau ruling on open banking. The Section 1033 ruling or open banking rule, published Oct. 23, states that “banks and credit card companies have to provide an API for data sharing in […] The post Core providers can help FIs prepare for open banking appeared first on Bank Automation News.

Rules 64
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Nigeria drops money-laundering case against Binance executive

The Paypers

Nigeria’s Economic and Financial Crimes Commission ( EFCC ) has dismissed a money-laundering case against Tigran Gambaryan, a senior executive at Binance.

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India’s Rise in Fintech: How Digital Payment Infrastructure is Shaping Economic Growth

The Fintech Times

With a population of over 1.4 billion, India – the world’s most populous country – has immense potential to set benchmarks in fintech as part of its broader economic development. The country’s journey from a cash-dominated economy to a digital leader began to take shape in 2016, a pivotal year for India’s financial arena. In 2016, two key events changed India’s approach to digital finance.

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Beyond 2024: The Critical Pivot to Proactive Cybersecurity in an Age of Constant Threat

Finextra

Why Outsourcing Cybersecurity Will Define Your Resilience Against Tomorrow’s Threats. As we inch c.

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eCommerce in 2025: How Customer Experience Drives Online Retail Success

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

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Ripple and IBM Partner With Garanti BBVA Kripto to Boost Development of Turkey’s Crypto Asset Market

The Fintech Times

Crypto asset service provider, Garanti BBVA Kripto , is forging a partnership with digital asset infrastructure Ripple and global tech firm IBM to provide a secure environment for its crypto asset trading platform. Following a successful pilot in 2023, Garanti BBVA Kripto is now rolling out the service to its entire customer base, leveraging technology collaborations to continue to deliver the highest standards of performance, security, and customer trust.

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Bitstamp gains MiFID MTF Licence

Finextra

Bitstamp, the world’s longest-running cryptocurrency exchange, has achieved a significant milestone after being awarded a MiFID Multilateral Trading Facility (MTF) licence

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UK Financial Firms Delay Investment Plans Amidst Uncertainty Surrounding Upcoming Autumn Budget

The Fintech Times

New research reveals that nearly all financial leaders (90 per cent) in the UK have been impacted by economic uncertainty in 2024, with over two-thirds (70 per cent) choosing to delay or cancel planned investments as they await clarity from the upcoming Autumn Budget. The research, commissioned by payments solutions provider Equals Money , which surveyed 400 UK financial decision makers, highlighted a clear focus on increasing investment in technology, with 63 per cent of businesses prioritising

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Getnet launches e-commerce payments solution in Brazil, Argentina, Mexico and Chile

Finextra

Getnet, Santander’s leading global provider of payment solutions for merchants, announces today the launch of Getnet SEP, its new regional e-commerce solution that will work as a single entry point (SEP) for payments in Brazil, Argentina, Chile and Mexico. Through this pioneer payment solution, merchants operating in these countries will have access to Getnet’s payment services through one unique, direct integration.

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7 Essential Criteria for Choosing the Right Payments Partner

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.

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Merchants ‘Ready’ to Embrace Commercial VRPs But Lack of Bank Support is Holding Back Implementation

The Fintech Times

Although merchants, payment service providers (PSPs) and third-party providers (TPPs) recognise the potential of commercial Variable Recurring Payments (VRPs) to deliver better payment experiences, more choice, and lower processing costs, a lack of bank support is impeding their delivery, according to a new report. According to a new survey published by account-to-account (A2A) payment infrastructure provider, Token.io , and Open Banking Expo , there is substantial market appetite for both prov

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Who is “Chief AI Officer” and do companies need this role?

Finextra

As the digital age matures, organisations across the globe are embracing artificial intelligence (AI.

AI 52
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Is Your Loan Management System Meeting Regulatory Compliance Standards?

Finezza

The rapid advances in fintechs and their adoption have led regulatory bodies such as the Reserve Bank of India (RBI) to scrutinise the digital lending guidelines closely to limit compliance breaches. For example, In October 2024, four Non-Banking Financial Companies (NBFCs) were barred from sanctioning and disbursing loans due to regulatory violations.

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Remote vs. In-Office Work in Finance: Adapting for Success

Paystand

Table of Contents What does remote work look like in finance?

Finance 52
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Loyalty 101: How To Turn Browsers Into Buyers For Lasting Engagement

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.

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First Carolina Bank to buy BM Technologies

Finextra

BM Technologies, Inc. (NYSE American:BMTX) ("the Company" or "BMTX"), one of the largest digital banking platforms, today announced it has entered into a definitive agreement to be acquired by First Carolina Bank ("FCB" or "First Carolina") pursuant to which First Carolina will purchase all outstanding BMTX shares of common stock for $5.00 per share in an all-cash transaction with an equity value of approximately $67 million.

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Fido Alliance Publishes New Specifications to Promote User Choice and Enhanced UX for Passkeys

The Nilson Report

The post Fido Alliance Publishes New Specifications to Promote User Choice and Enhanced UX for Passkeys appeared first on Nilson Report.

Posting 52
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Fidelity Payment Services and Cardknox rebrand as Sola

Finextra

Fidelity Payment Services and its proprietary payment gateway, Cardknox, today announced a consolidated brand identity and company name – Sola.

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J.P. Morgan Taps Quest Payment Systems for In-Store Merchant Capabilities

The Nilson Report

The post J.P. Morgan Taps Quest Payment Systems for In-Store Merchant Capabilities appeared first on Nilson Report.

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Enhance Customer Value: Unleash Your Data’s Potential

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.