US credit card balances climb to $1.14 trillion
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.
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.
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.
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.
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.
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 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.
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.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
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.
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.
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!
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
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.
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.
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.
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 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
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.
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.
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.
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 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.
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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.
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.
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.
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.
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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.
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.
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.
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.
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.
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In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.
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
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+.
The Fintech Times
AUGUST 8, 2024
Marqeta , a modern card issuing platform enabling embedded finance solutions for the world’s innovators, has signed a five-year deal with Varo Bank , the US-based consumer digital bank, becoming its issuer processor. Varo Bank revealed that it selected Marqeta due to its ability to combine virtual, tokenised and physical card-issuing technology with faster speed-to-market which will help its customers improve their daily relationship with money.
Finextra
AUGUST 8, 2024
In today’s rapidly evolving financial landscape, cloud migration and the integration of advanced dig.
Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms
Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.
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