Finextra
OCTOBER 25, 2024
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.
Bank Automation
OCTOBER 25, 2024
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.
The Payments Association
OCTOBER 25, 2024
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.
Payments Dive
OCTOBER 25, 2024
“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.
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
OCTOBER 25, 2024
PXP Financial , experts in global acquiring, payment, fraud, and data analysis services, announces its partnership with Phos by Ingenico , the global leader in software point-of-sale (SoftPoS) orchestration for businesses. The two companies introduce an innovative SoftPoS solution that enables merchants to accept contactless payments directly on Android devices, thus eliminating the need for additional agnostic hardware.
Fintech Finance
OCTOBER 25, 2024
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.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Fintech Finance
OCTOBER 25, 2024
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
Payments Dive
OCTOBER 25, 2024
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.
Fintech Finance
OCTOBER 25, 2024
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.
The Fintech Times
OCTOBER 25, 2024
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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Bank Automation
OCTOBER 25, 2024
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.
The Fintech Times
OCTOBER 25, 2024
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.
Finextra
OCTOBER 25, 2024
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.
The Fintech Times
OCTOBER 25, 2024
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.
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
Finextra
OCTOBER 25, 2024
Bitstamp, the world’s longest-running cryptocurrency exchange, has achieved a significant milestone after being awarded a MiFID Multilateral Trading Facility (MTF) licence
The Fintech Times
OCTOBER 25, 2024
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
The Paypers
OCTOBER 25, 2024
Fiserv , a worldwide provider of payments and financial services technology solutions, has revealed a strategic partnership with foodpanda.
The Fintech Times
OCTOBER 25, 2024
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
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 Paypers
OCTOBER 25, 2024
Nigeria’s Economic and Financial Crimes Commission ( EFCC ) has dismissed a money-laundering case against Tigran Gambaryan, a senior executive at Binance.
Finezza
OCTOBER 25, 2024
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.
Finextra
OCTOBER 25, 2024
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.
Clearly Payments
OCTOBER 25, 2024
When running a business, accepting payments is a must, but for some industries, it isn’t as simple as swiping a card. Some businesses are labeled as “high-risk” by payment processors and banks, which complicates things. In this article, we’ll break down what high-risk payment processing is, how it works, and how businesses in this category can manage it.
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.
Finextra
OCTOBER 25, 2024
IT consultancy services company 7N and Polaris Private Equity have entered a partnership with the aim of evolving 7N into a premium leader in its field with Polaris as the company’s majority shareholder. As an expert driven, flexible IT consultancy, 7N has a strong track record of serving as a trusted partner for the most critical IT projects by leveraging the experience and expertise of more than 7,300 vetted, top-tier consultants globally.
The Paypers
OCTOBER 25, 2024
Recent data from the blockchain analysis firm Chainalysis highlights that the UK holds the largest cryptocurrency economy in Central, Northern, and Western Europe (CNWE).
Finextra
OCTOBER 25, 2024
Mastercard is expanding its US Installments experience at checkout to provide consumers with more choice in how they pay through Mastercard Installment Payment Services.
The Paypers
OCTOBER 25, 2024
Prelim has announced its integration with Q2 ’s Digital Banking Platform via the Q2 Partner Accelerator Program.
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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.
Finextra
OCTOBER 25, 2024
The Financial Conduct Authority (FCA) found that the amount of workplace complaints have increased between 2021 and 2023, in its non-financial misconduct survey.
The Nilson Report
OCTOBER 25, 2024
The post Worldline Launches New Account-to-Account Payment Method “Bank Transfer by Worldline” in 14 European Countries appeared first on Nilson Report.
Finextra
OCTOBER 25, 2024
The Financial Ombudsman Service (FOS) has reported that they received 40% more complaints in the first half of 2024 than in the same period in 2023.
The Nilson Report
OCTOBER 25, 2024
The post Fido Alliance Publishes New Specifications to Promote User Choice and Enhanced UX for Passkeys appeared first on Nilson Report.
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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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