Payments Dive

AUGUST 8, 2024

Consumer credit card debt delinquencies are also on the rise, particularly among younger consumers, according to a New York Federal Reserve report.

Credit Cards 173

Credit Cards Federal Reserve Consumer 173

NACHA

AUGUST 8, 2024

RESTON, Virginia, Aug. 8, 2024 – Today, Nacha announced Stronghold as a Preferred Partner for ACH Experience and ISO 20022. Stronghold joins a select group of innovators that Nacha recognizes for offering products and services that align with Nacha's core strategies to advance the ACH Network.

NACHA 145

NACHA ISO 20022 ACH Network ISOs 145

Bank Automation

AUGUST 8, 2024

Truist is tapping Wells Fargo CIO of Consumer Technology Steve Hagerman to fill its chief information officer role. Hagerman was the “right person at the right time for our enterprise technology team,” a Truist spokesperson told Bank Automation News, noting that selecting a new CIO was a “thorough process.

Automation 127

Automation Process Technology Consumer 127

Finextra

AUGUST 8, 2024

Australian Payments Plus (AP+) and the Australian Banking Association (ABA) have completed the design specs for a new national Confirmation of Payee service, providing another layer of protection against scammers.

Payee 124

Payee Service Provider Payments 124

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

Payments

Fintech News

AUGUST 8, 2024

In the dynamic financial landscape of the Asia-Pacific (APAC) region, private banks, asset managers, fund managers, and other capital market participants are increasingly recognising the pivotal role of Swift connectivity. This connectivity is not just a technical necessity but a strategic imperative for seamless settlement, reconciliation and post-trade operations, enhanced transparency, and operational efficiency.

ISO 20022 123

ISO 20022 APACS SWIFT ISOs 123

TechCrunch Fintech

AUGUST 8, 2024

In 1996, two companies, Patersons HR and Payroll Solutions, formed a venture called CloudPay to provide payroll and payments services to enterprise clients. CloudPay grew quietly over the next several decades, adding workflow automation features to maintain pace with upstart rivals. It’s still growing, CFO Andy Thomson assures TechCrunch. Thomson claims that CloudPay is handling […] © 2024 TechCrunch.

Payroll 121

Payroll Service Provider Automation Payments 121

FloQast

AUGUST 8, 2024

FloQast is a hard yes on furry friends. This much is known. But when I published our second-ever roundup highlighting the FloQast canine crew last year , I got some pushback. “Where the cats at!?” Several people demanded. Truth be told, Googling “International Cat Day” just didn’t occur to me. So I did, and set a reminder to remedy such a blatant omission in 2024.

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On-Demand Payroll Authentication Participant 105

Payments Dive

AUGUST 8, 2024

CEO John Caplan is eyeing accounts payable acquisitions after refocusing the cross-border payments company on the business-to-business market.

Cross-Border Payments 97

Cross-Border Payments Cross-Border Accounts Payments 97

Fintech Finance

AUGUST 8, 2024

CloudPay , the leading independent provider of global payroll and payment solutions, today announces the closing of a $120 million funding round led by Blue Owl Capital with the participation of existing shareholders Rho Capital Partners, The Olayan Group and Hollyport Capital. The funding further strengthens CloudPay’s capital base and provides flexibility for future growth opportunities.

Payroll 98

Payroll Security Payment Solutions API 98

Basis Theory

AUGUST 8, 2024

Everything a merchant needs to know about data tokenization, solutions, tools and vendors. Stay in compliance and protect your data!

Compliance 88

Compliance 88

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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?

Use Case

Fintech Finance

AUGUST 8, 2024

Thredd , a leading global payments processor, announces the successful launch of LianLian Global’s virtual card program in the APAC market. LianLian Global is a leading cross-border payments company based in China. They specialise in delivering cross-border funds settlement services with instant payouts and frictionless customer experience. LianLian Global have selected Thredd to power their Yueda virtual card product used by customers in a broad range of industries including e-commerce, interna

Cross-Border Payments 98

Cross-Border Payments Cross-Border APACS Processors 98

Bank Automation

AUGUST 8, 2024

Payments fintech Marqeta saw growth in its total processing volume during the second quarter as consumer demand for non-traditional banking and digital banking channels increased.

Volume 75

Volume Process Non-Bank Consumer 75

Fintech Finance

AUGUST 8, 2024

Telr , the award-winning online payment gateway, has announced its strategic collaboration with Mastercard to introduce its digital checkout solution, Click to Pay, across its extensive network of merchants in the UAE. Through this partnership, Telr will deploy cutting-edge payment technologies to enhance the customer experience. Click to Pay is an innovative, seamless, and secure payment method designed to enhance customer confidence and reduce cart abandonment.

Visa 98

Visa Payment Gateways Gateways Enrollments 98

Bank Automation

AUGUST 8, 2024

Standard Chartered Plc will take a stake in United Fintech Group, becoming the fourth large bank this year to invest in the London-based company as it negotiates new acquisitions to serve the capital markets industry. Standard Chartered will get board observer rights and may later receive a rotational board seat, the two companies said on Thursday.

FinTech 75

FinTech 75

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

Best Practices

Fintech Finance

AUGUST 8, 2024

Thunes , a global money movement innovator, has now enabled hundreds of merchants in Paris to accept cross-border payments from 15 international e-wallets and mobile partners via Alipay+. This collaboration leverages the Thunes Global Network, enhancing convenience for Asian tourists in France, as they enjoy a summer of sport and travel. Thanks to this partnership, Alipay+, a suite of cross-border mobile payments and digitalization technology solutions, and Thunes, one of the world’s fastest, mo

Cross-Border Payments 98

Cross-Border Payments Cross-Border SARS Alternative Payment Methods 98

Bank Automation

AUGUST 8, 2024

TD Bank is taking a conservative approach to AI for consumer-facing operations as it taps the tech for back-end efficiencies. “We are very knowledgeable about the benefits of the AI and what that might bring,” Christopher Fred, head of U.S. credit cards and unsecured lending at TD Bank, told Bank Automation News.

AI 72

AI Consumer Credit Cards Automation 72

Fintech Finance

AUGUST 8, 2024

Intix , a leader in transaction data management, is delighted to announce the appointment of Karthik Jagannathan as the company’s Head of Payments Advisory. Karthik brings over two decades of experience in the financial services sector, having led business and technology teams at major banks and technology firms. His expertise in shaping innovative strategies for payment infrastructure solutions will be instrumental as Intix continues to revolutionise transaction data management solutions.

Payments 95

Payments Payments Data Compliance Transactions 95

The Fintech Times

AUGUST 8, 2024

The Fintech Times Bi-Weekly News Roundup takes a look at the latest fintech stories from around the world on Thursday 8 August 2024. Appointments Torpago , a commercial credit card and spend management provider for banks, hires Chris Boncimino , as head of business operations. In his role, Boncimino will lead operations with a focus on growth and product development for Torpago’s ‘Powered By’ program management service.

FinTech 69

FinTech Cross-Border Cross-Border Payments Credit Cards 69

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.

Payments

Fintech Finance

AUGUST 8, 2024

AccessPay , the leading bank integration provider, today announced two senior director appointments, underscoring the company’s commitment to innovation, strategic growth, and industry leadership. AccessPay veteran Graham Morgan takes on the new role of Product Director, and Jim Conning joins as Director of Banking & Alliances, both reporting directly to CEO Anish Kapoor.

Innovation 93

Innovation Cash Management Product FinTech 93

Finovate

AUGUST 8, 2024

For the first time, Finovate will offer a dedicated wealthtech/wealth management track at FinovateFall. Featuring keynote addresses, power panels, and more, our new wealthtech track will cover topics ranging from the rise of alternative assets to the role of technology and digitization in helping meet the needs of a new generation of investors. “I’m really excited about the new Wealthtech track we’re offering at FinovateFall this year,” said Greg Palmer, host of Finovate.

Blockchain 64

Blockchain AI On-Demand Technology 64

Fintech Finance

AUGUST 8, 2024

Checkout.com , a leading global digital payments provider, today announced it is the first payment provider to partner with Google Pay to bring its biometric-based secure payment authentication service to merchants. Checkout.com, which offers authentication to merchants such as Remitly, will offer Google Pay’s biometric authentication to brands that seek to increase their digital payments performance and speed up their authentication for customers.

Authentication 93

Authentication Process Security Payments 93

Finextra

AUGUST 8, 2024

US personal finance outfit NerdWallet is reducing the size of its 730-strong full-time workforce by about 15% as part of a restructuring plan to slash operating expenses.

Finance 64

Finance 64

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.

Continuity

Fintech Finance

AUGUST 8, 2024

Montonio , the European payment and ecommerce solutions provider, today announces the appointment of Johan Nord as its new Chief Executive Officer. Johan was hired in March 2024 as Montonio’s Chief Revenue Officer , bringing on board significant experience from his eight year tenure in commercial leadership at global open banking firm Trustly. This leadership change comes at a time when the Montonio product suite and the value it delivers to e-commerce merchants is expanding rapidly.

BNPL 90

BNPL Product Finance Payments 90

Finextra

AUGUST 8, 2024

Taishin Bank, one of the largest commercial banks in Taiwan, has partnered with OneDegree Global, a leader in cybersecurity and risk management solutions, for a Proof of Concept.

Cybersecurity 59

Cybersecurity Risk Management AI Risk 59

The Paypers

AUGUST 8, 2024

Australian banks, led by AP+ and ABA , have announced the launch of Confirmation of Payee service by 2025, enhancing security by verifying payee details before payments.

Payee 69

Payee Scams Security Payments 69

Finextra

AUGUST 8, 2024

NICE Actimize, a NICE (NASDAQ: NICE) business, today announced the introduction of SURVEIL-X Behavior, the newest AI-powered solution in its market-leading SURVEIL-X Holistic Employee Conduct Surveillance suite.

Risk 59

Risk AI 59

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AI

The Fintech Times

AUGUST 8, 2024

Ziina , a UAE-based financial platform supporting consumers and entrepreneurs, has secured the Stored Value Facility (SVF) licence from the UAE Central Bank , enabling it to expand its range of financial services. With the SVF licence, Ziina can provide comprehensive financial services, including business and consumer accounts, peer-to-peer payments, bill pay, external payment link issuance, QR codes for remote point-of-sale transactions, and prepaid card services.

Central Bank 59

Central Bank Security Financial Inclusion Economy 59

Finextra

AUGUST 8, 2024

Thunes, a global money movement innovator, has now enabled hundreds of merchants in Paris to accept cross-border payments from 15 international e-wallets and mobile partners via Alipay+.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Innovation Payments 59

The Fintech Times

AUGUST 8, 2024

Australian Payments Plus (AP+) and the Australian Banking Association (ABA) have completed the design of the new Confirmation of Payee (CoP) service which will enable people paying to an account with a name, BSB and Account number to confirm the account name of the payee before the payment is made. While most UK-based consumers have been accustomed to Confirmation of Payee since 2020, with over 100 UK organisations having already implemented the service, Australia Payments Plus hopes to enable A

Payee 59

Payee SWIFT Scams Payment APIs and Integration 59

Finextra

AUGUST 8, 2024

In today’s rapidly evolving financial landscape, cloud migration and the integration of advanced dig.

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78

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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.

Payments