Wed.Apr 24, 2024

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Visa debit card volume growth keeps sliding

Payments Dive

The card network behemoth’s latest earnings report showed a contraction in card volume growth during the first three months of the year, and into April.

Volume 154
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UK Banks Urged to Act Now Ahead of New Cross-Border Payments Legislation ISO 20022 to Prevent Exclusion from International Payment Networks

Fintech Finance

With just over 18 months to go until the ISO 20022 compliance deadline, leading Quality Engineering company, Roq , is urging UK financial institutions to take the necessary measures now to finalise their plans and focus on the execution of a programme that is, by all published metrics, some way behind the curve. Failure to meet the date has major ramifications for individual organisations and perhaps the UK’s financial services sector in part or whole.

ISO 20022 144
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Walmart offers a new BNPL option: report

Payments Dive

The fintech One now offers buy now, pay later financing at the store chain, presenting competition for Affirm, which has partnered with the retail giant since 2019.

BNPL 148
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Resource Guide: Earn Continuing Professional Education Credits Through the Council

PCI Security Standards

The PCI Security Standards Council (PCI SSC) has published a resource guide with information on how to earn Continuing Professional Education (CPE) credits through the Council.

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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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Stripe, doubling down on embedded finance, de-couples payments from the rest of its stack

TechCrunch Fintech

Stripe continues to hold the title of being the biggest financial technology business still in private hands, with a current valuation of about $65 billion and a whopping $1 trillion in total processed payment volume last year alone. But fintech is fragmented and a fast-moving target, and with competitors chipping away at its place, Stripe is […] © 2024 TechCrunch.

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Emirates NBD carries out PoC for digitally native trade documents

Finextra

Emirates NBD has teamed with a trade finance platform and two fintechs on a proof-of-concept for a transaction involving digitally native trade documents with the application of participants' digital identity.

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Thailand’s T2P Taps Wise Platform to Offer Global Money Transfers for DeepPocket Users

Fintech News

T2P Co., Ltd., a payment solution provider in Thailand, has announced a new partnership with Wise Platform, which provides infrastructure for banks and financial services. According to Wise , this alliance marks T2P as the first fintech in Thailand to offer international money transfers without exchange rate mark-ups or hidden fees through its e-wallet app – DeepPocket.

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PAY360 unpacked: Key survey findings shaping the future of payments

The Payments Association

The PAY360 survey reveals critical insights on AI, real-time payments, and regulatory challenges, guiding stakeholders in adapting to evolving industry demands.

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KASIKORNBANK, J.P. Morgan Set to Reduce Cross-Border Payment Times to Minutes

Fintech News

Thailand’s KASIKORNBANK , in partnership with J.P. Morgan, has introduced Project Carina, a new initiative aimed at accelerating cross-border payments through blockchain technology, according to RYT9. Announced at Money20/20 Asia in Bangkok, the project integrates KASIKORNBANK’s Quarix blockchain with J.P. Morgan’s Onyx platform to significantly enhance the efficiency of international transactions.

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RBI bars Kotak Mahindra from digitally onboarding new customers

Finextra

The Reserve Bank of India has ordered Kotak Mahindra Bank to stop onboarding new customers via digital channels and to pause issuing new credit cards because of failures with the lender's IT systems.

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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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22 Insights for Building a Resilient High-Risk Business

National Processing

A resilient business is a business that is built to last and has the best chance to scale. With that in mind, we want to provide you as many ways as possible to help you strengthen your business because that helps relieve some financial pressures of high-risk payment processing. Here is some of […] The post 22 Insights for Building a Resilient High-Risk Business appeared first on National Processing.

Risk 88
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FCA’s supervisory decision on EPayPro UK Limited: A lesson in fairness and transparency

The Payments Association

The UK Financial Conduct Authority issued a supervisory notice to EPayPro UK Limited, stressing the need for fairness and transparency in fee introductions, following EPayPro's non-compliant rollout of a new compliance fee.

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Igloo Expands Insurance Access in Vietnam Through New Partnerships

Fintech News

Igloo, a Singapore-based insurtech firm, has announced new partnerships with Zalopay, Lotte Finance, FE Credit, and digital insurer OPES to broaden insurance access in Vietnam, particularly for underinsured communities. These collaborations aim to introduce tailored insurance products that cater to the specific needs of modern Vietnamese consumers. Through its partnership with Zalopay , Vietnam’s second-largest e-wallet network, Igloo will offer Phone Screen Protection.

Finance 112
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Is 2024 the Year of Change? Disability, Inclusion and Awareness with Project Nemo

The Fintech Times

Sat around a kitchen table of an Airbnb in Vienna in October 2023, an unlikely trio united by a fiery passion to put right the inequalities in the world found themselves discussing inclusion and accessibility within fintech. Former payments CEO Joanne Dewar , disability advocate Kris Foster and graduate Ella Manley together realised that there was a major gap in awareness and understanding about disability inclusion across the board.

FinTech 105
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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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Mastercard harnesses AI to take on scammers

Finextra

Mastercard is tackling the growing threat of scams through the launch of an AI-based product suite and several cross-industry partnerships.

Visa 119
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Mastercard Takes On Scammers with AI-Driven Fraud Prevention Tools

The Fintech Times

Mastercard has unveiled a range of AI-powered security solutions and forged industry partnerships with Verizon, NatWest, Entersekt and Global Anti-Scam Alliance in a mission to tackle the rise of scams and impersonation fraud. By combining its identity, biometric, AI and open banking capabilities into the ‘Scam Protect’ suite of solutions, Mastercard hopes to safeguard consumers across a wide range of scams, from card-based and account-to-account payments to fraudulent account openin

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ComplyAdvantage Acquires Golden, Expanding Financial Crime Intelligence Offering

The Payments Association

ComplyAdvantage acquires Golden to enhance its AI-driven financial crime risk management solutions with advanced data integration capabilities Read more

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Splitit enables banks to offer in-checkout instalment payments

Finextra

Card-linked instalment payments platform Splitit has launched FI-PayLater for banks and card issuers.

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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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Fintech gaming startup Sanlo’s webshop tool could help developers avoid costly app store fees

TechCrunch Fintech

Sanlo, a fintech startup that helps gaming companies manage finances, announced Wednesday the closed beta launch of its webshop tool, giving select game developers and studios a plug-and-play solution that works alongside their existing tech stacks. Gaming companies can join the waitlist starting today. With Google and Apple charging a 30% fee for in-app purchases, […] © 2024 TechCrunch.

FinTech 92
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Standard Chartered Joins Forces With Visa to Enhance Cross-Border Payments

Fintech Finance

Standard Chartered today announced that it has joined Visa B2B Connect, a multilateral payment network that enables faster and frictionless account-to-account cross-border payments for its corporate clients. Launching first for clients of Standard Chartered Singapore with more entities to be added to the network in the months ahead, the solution will expand and enhance the Bank’s existing suite of payments solutions with a focus on facilitating faster and more cost-effective business-to-business

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Indonesia and Australia Partner to Improve Crypto Tax Compliance

Fintech News

The Indonesian Directorate General of Taxes (DGT) and the Australian Taxation Office (ATO) have entered into a Memorandum of Understanding for cryptocurrency information sharing. This agreement aims to bolster the detection and management of crypto assets potentially subject to taxation in both nations. By enhancing data exchange and sharing expertise, the tax authorities hope to ensure better compliance with tax obligations concerning cryptocurrency holdings.

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What are CBDCs?

Fintech Review

“CBDCs” or Central Bank Digital Currencies are gaining significant traction. They represent the digital form of a nation’s official currency, issued and regulated directly by the central bank. Distinct from decentralised cryptocurrencies such as Bitcoin , CBDCs are centralised and backed by government authorities. Fintech Review delves into the characteristics of CBDCs, examining their potential benefits, and addressing the complexities they introduce to the global financial sy

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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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The Rise of Digital Payments Banks in India influencing the Market and Revenue

Finextra

India's payments landscape has undergone a remarkable transformation in recent years, driven by the.

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Synapse signs deal with TabaPay, files for bankruptcy

Payments Dive

TabaPay set a purchase price of $9.7 million to acquire Synapse's assets — a deal that is pending bankruptcy court approval.

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No Formal Permit Application for Alipay+ to Operate in Indonesia, Says Central Bank

Fintech News

Ant Group, a Chinese financial affiliate of the Alibaba Group, has not yet formally applied for a permit to operate its Alipay+ service in Indonesia, according to Filianingsih Hendarta, Deputy Governor of Bank Indonesia. Filianingsih Hendarta According to Reuters , Hendarta clarified the status following reports that Ant Group was seeking regulatory guidance to launch its cross-border payment service in the country during a news conference on Wednesday (24 April 2024).

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Lloyds Bank’s operating costs up 11% YoY

Bank Automation

Lloyds Bank reported an increase in operating costs in the first quarter driven by higher inflation and increased investment in technology. “Cost management remains a core discipline for us as a group,” Chief Financial Officer William Chalmers said during the bank’s earnings call today.

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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.

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Klarna strikes global payment deal with Uber

Finextra

Klarna has struck a global deal with Uber, giving users the option of immediate or deferred payments across the ride hailing company's taxi and food delivery services.

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How Bank of America approaches innovation

Bank Automation

Bank of America’s innovation is never complete since its team constantly updates offerings to meet ever-changing client needs. “At Bank of America, innovation is everybody’s job,” Jorge Camargo, managing director of mobile app, online banking and Erica AI at Bank of America, told Bank Automation News.

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NextGen Nordics 2024: How will incoming regulation shape payments infrastructure?

Finextra

At NextGen Nordics 2024 in Stockholm, moderator Debi Bell Hoskings hosted an interactive panel session on new regulation on data and privacy, asking for input from the audience.

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Transactions: Navy Federal selects Zafin for core modernization

Bank Automation

Navy Federal Credit Union selected SaaS core modernization provider Zafin to update its core and move away from its legacy mainframe.

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Top Strategies to Future-Proof & Sustain Your Merchant Services Portfolio

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.