Payments Dive

JULY 22, 2024

Still, cardholders may have been affected, particularly in Europe, as some bank card issuers were hit by the cybersecurity company’s update snafu.

Card Issuer 158

Card Issuer Cybersecurity Visa Issuers 158

The Payments Association

JULY 22, 2024

In 2024, the payments industry is being transformed by several key trends. Artificial Intelligence (AI) is enhancing payment accuracy and efficiency, while blockchain technology is revolutionizing cross-border transactions, expected to facilitate $4.4 trillion this year. Tokenization is improving security by replacing sensitive card details with secure tokens, with its usage anticipated to significantly grow by 2026.

Cross-Border 88

Cross-Border Payments Facilitators Blockchain 88

Payments Dive

JULY 22, 2024

Embracing secondary-credit offers enables retailers to offer credit to customers who have less-than-perfect credit, otherwise known as nonprime consumers.

Finance 148

Finance Consumer 148

The Payments Association

JULY 22, 2024

The evolving digital economy brings powerful advantages for online payments businesses – and new opportunities for fraudsters. Discover how biometrics-based authentication tools are helping fraud professionals fight the rising tide of online fraud.

Authentication 88

Authentication Economy Payments Financial Crimes 88

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

National Processing

JULY 22, 2024

To understand how a POS system works, we need to first lay out in simple terms what a POS system is. After giving you that simplified breakdown below, we are going to give you guidance on: POS components and features Industry-specific examples of how POS systems work Getting the most out of your POS system’s functionality […] The post How Does a POS System Work?

Process 88

Process Posting Small Business Payments 88

The Payments Association

JULY 22, 2024

About Giesecke+Devrient Giesecke+Devrient (G+D) is a global SecurityTech company headquartered in Munich, Germany. G+D makes the lives of billions of people more secure. The company shapes trust in the digital age, with built-in security technology in three segments: Digital Security, Financial Platforms and Currency Technology. G+D was founded in 1852 and today has a workforce of more than 14,000 employees.

Innovation 88

Innovation Government Governance Security 88

The Payments Association

JULY 22, 2024

About Giesecke+Devrient Giesecke+Devrient (G+D) is a global SecurityTech company headquartered in Munich. G+D makes the lives of billions of people safer. The company creates trust in the digital age with integrated security technologies in three business areas: Digital Security, Financial Platforms and Currency Technology. G+D was founded in 1852 and today employs more than 14,000 people.

Security 88

Security Payments Technology 88

Fintech News

JULY 22, 2024

Singapore-based multi-currency e-wallet YouTrip now allows users to transfer funds back to their bank accounts and link their accounts for top-ups. These features aim to enhance user flexibility and control. The new functionalities will be available to all users gradually over the next few days. Users can now withdraw funds to their bank accounts using their mobile number or NRIC linked to their YouTrip account.

Accounts 107

Accounts Multi-Currency Account Takeovers On-Demand 107

DeckCommerce

JULY 22, 2024

In retail, inventory accuracy is the name of the game. It's not just about knowing what's on your shelves; it's about ensuring what's in your system matches what's in your storeroom.

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Fintech Finance

JULY 22, 2024

Australian stablecoin payment startup, Stables , announced its expansion into Europe today with their stablecoin virtual card, in partnership with Mastercard. The move comes after a successful collaboration in April 2023 with Mastercard in Australia, where Stables pioneered as the first stablecoin wallet in the APAC region to offer seamless payments from a single stablecoin balance.

Stablecoins 98

Stablecoins Visa Payment Networks APACS 98

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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

The Fintech Times

JULY 22, 2024

Now encapsulating a focus on societal impact and the environment, the term ‘fintech for good’ has evolved from its initial meaning of charity. But it doesn’t stop there. This July, we are on the hunt to find out how the fintech industry is doing ‘good’ for local communities and the world, revealing current and future plans to make change. When thinking about a financial service doing ‘good’, one of the first things that comes to mind is accessibility.

Adjustments 94

Adjustments Online and Mobile Banking Financial Inclusion FinTech 94

FloQast

JULY 22, 2024

AI. Two letters that, when combined, elicit a weird combination of panic and hope. For years, we’ve been talking about the talent crunch facing the accounting profession. Accountants leaving in droves, fewer majors at universities, and growing expectations have created a vicious cycle in which accountants are busier — and more stressed — than ever before.

AI 98

AI Accounts Continuity Automation 98

Fintech Finance

JULY 22, 2024

Klarna , the AI-powered global payment network and shopping assistant, today announced the integration of Sofortüberweisung into the Klarna environment. With this, Klarna consolidates two well-known services: The Sofortüberweisung function will from now on be available as part of the Klarna Pay Now product range. The aim is to increase the security of the checkout process for both consumers and merchants and to optimize user-friendliness.

Payments 97

Payments Authentication Process Security 97

The Payments Association

JULY 22, 2024

Swift's updated CSP and IAF are essential for ensuring robust cybersecurity and compliance across the global banking community.

APACS 88

APACS SWIFT Cybersecurity Security 88

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 News

JULY 22, 2024

Ingenico, a payment acceptance and services provider, has appointed Anushka Weeratunga as its Regional Managing Director for the APAC region and a member of its Executive Committee. Anushka Weeratunga Anushka Weeratunga, previously the Country Business Leader for the Pacific, has significantly contributed to Ingenico ‘s growth in the Pacific over the past three years.

APACS 93

APACS Service Provider Innovation FinTech 93

Bank Automation

JULY 22, 2024

CrowdStrike continues to manage the fallout from its IT outage July 19 as it works on remediation plans with the banks, airlines and stock exchanges that were brought to a halt by the tech meltdown.

Cybersecurity 83

Cybersecurity Addressing Security Continuity 83

Fintech News

JULY 22, 2024

OCBC has introduced OCBC GENesis, a regional programme aimed at the children of OCBC Premier Private Client (PPC) customers. This initiative follows the success of similar programmes by OCBC ‘s private banking arm, Bank of Singapore, and is designed to strengthen relationships with existing clients while engaging the next generation. OCBC GENesis is an invitation-only programme that builds on the legacy of Bank of Singapore’s next-generation programme, which has been running since 20

Participant 89

Participant Assessments Visa Product 89

Fintech Finance

JULY 22, 2024

The partnership between leading international financial service provider ACE Money Transfer and Trustly , the global open banking payments leader, has provided customers with a smoother and more cost-effective personalised remittance experience through competitive exchange rates, low transfer costs, and enhanced security on remittances. Since the partnership began in 2021, ACE Money Transfer and Trustly have fueled a staggering 40% growth in remittance volume by enabling expats to send money hom

Risk Mitigation 92

Risk Mitigation Funds Transfer Mitigation Security 92

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

The Fintech Times

JULY 22, 2024

Mercuryo , the payments infrastructure platform, has launched fiat-to-crypto on-ramp services for four major banks and payment providers in Indonesia, enabling consumers to convert local currency into 40 different digital tokens. By launching on-ramp services, known as alternative payment methods (APMs), Mercuryo is enabling Indonesians to convert the Indonesian Rupiah (IDR) into the likes of Bitcoin , Ethereum and Tether tokens.

Financial Literacy 78

Financial Literacy Alternative Payment Methods Cross-Border Cryptocurrency 78

Fintech Finance

JULY 22, 2024

BBMSL , a leading payment solutions provider in Hong Kong, announced a strategic collaboration with PayMe by HSBC today, becoming a payment acquirer for one of the territory’s most popular digital wallet. This partnership allows BBMSL’s merchants to provide PayMe as a secure and convenient payment option for their customers. Expanding Payment Options and Strengthening Support for SMEs With over 3.2 million users and a network of over 67,000 merchants, PayMe has become an essential pa

Acquirers 91

Acquirers Payments Payment Solutions On-Demand 91

Bank Automation

JULY 22, 2024

Truist’s investment in digital capabilities helped the bank keep up with growing client demand for mobile and digital channels in the second quarter. “We continue to show strong and steady growth in our digital capabilities as client mobile app users grew,” Chief Executive Bill Rogers said during the bank’s Q2 earnings call today.

Continuity 78

Continuity 78

Fintech Finance

JULY 22, 2024

Ingenico , the global leader in payment acceptance and services, is pleased to announce the appointment of Anushka Weeratunga as its Regional Managing Director in APAC and a member of the Executive Committee, effective immediately. Anushka, who served as Country Business Leader for the Pacific, has been a driving force of Ingenico’s business growth in the Pacific region over the past three years.

APACS 88

APACS Finance Innovation FinTech 88

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

Finextra

JULY 22, 2024

The UK's Financial Ombudsman has fielded a 35% surge in customer complaints about requests for reimbursement over scam thefts being denied by Revolut.

Scams 78

Scams 78

Fintech Finance

JULY 22, 2024

Alex Reddish, Managing Director, Tribe Payments : “We are now in a period where we have seen large institutional payment rails fail more frequently than we have ever seen before. I cannot imagine a time when technology oversight was more important. Today’s outage has affected brands like Microsoft and Morrisons, with consumers unable to make payments or operate as normal.

Payments 84

Payments Caps Processors Regulations 84

Finextra

JULY 22, 2024

BBVA is opening a global cybersecurity centre in Mexico as part of an alliance with IT services company Telefónica Tech aimed at boosting the bank's defences against a rising tide of security-related threats.

Cybersecurity 69

Cybersecurity Security 69

The Fintech Times

JULY 22, 2024

Financial service provider ACE Money Transfer has revealed a high level of growth and success, thanks to its partnership with Trustly , the global open banking payments firm. Since the partnership began in 2021, ACE Money Transfer and Trustly have supported a 40 per cent growth in remittance volume by enabling expats to send money home seamlessly. Both entities expect this upward trend in remittances to continue, solidifying both companies as leaders in the secure and efficient transferring of h

Risk Mitigation 67

Risk Mitigation Funds Transfer Mitigation Security 67

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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.

AI

Finextra

JULY 22, 2024

Australian stablecoin payment startup Stables has launched in Europe with a Mastercard virtual card.

Stablecoins 91

Stablecoins Visa Payments 91

Finovate

JULY 22, 2024

The week begins as banks, fintechs, and financial services companies alike work to recover from Friday’s historic IT outage. Be sure to check back throughout the week as we continue to track the latest in fintech news and announcements. Cybersecurity BBVA inks agreement with Telefónica Tech; opens international cybersecurity center in Mexico. Identity verification IDenfy launches automated bill verification tool for utilities.

FinTech 64

FinTech Credit Union Cybersecurity Verification 64

Finextra

JULY 22, 2024

The FCA is preparing to lift restrictions on the onboarding of new customers at UK fintech firm Modulr subject to advance notification.

FinTech 78

FinTech 78

The Fintech Times

JULY 22, 2024

Telegram is a free, multi-platform messenger that houses apps and bots for various functions including games and entertainment, and financial management. With 800 million monthly active users on Telegram, Altery , the UK fintech startup, has integrated its payments bot into the messaging platform, improving the payments experience for the growing user base.

Embedded Finance 62

Embedded Finance Bots Finance Multi-Currency 62

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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