Tue.Apr 23, 2024

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Payment leaders’ new strategy to cut carbon

The Payments Association

A look inside the innovative work of the ESG working group, as it creates the first greenhouse gas emissions standard designed specifically for the payments industry Read more

Payments 100
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FCA confirms anti-greenwashing guidance

Finextra

Ahead of the anti-greenwashing rule coming into force on 31 May, the Financial Conduct Authority (FCA) is supporting industry with guidance to help them meet the standard.

Rules 111
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Walking the compliance tightrope: Staying agile in the age of instant payments

The Payments Association

As real-time payment adoption grows, 50% of European firms are already involved, with another 42% planning to join, highlighting the balance of challenges and benefits in managing financial crime.

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Subscription Payment Processing: What Merchants Should Know

Basis Theory

The subscription economy is having its moment in the sun, with many everyday services moving to a subscription model: meal kits, streaming services, book clubs, and more. The Zuora Subscription Economy Index conducted in 2022 found that subscription businesses grew 4.6x in the decade between 2012 and 2022, significantly outperforming the S&P.

Process 88
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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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Consumer Duty examined: The gains and gaps

The Payments Association

Initial assessments of the FCA's Consumer Duty show that while financial firms have made positive strides in improving practices for consumer outcomes, further improvements and deeper integrations are necessary.

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What is an ACH Deposit and How Does It Work?

Stax

ACH payments are a convenient way for business owners, individuals, and employers to use intuitive automated banking throughout their daily lives. Most small business owners and employers are turning to ACH payments instead paper check payments because of the ease and instant access the ACH network provides. ACH transactions provide a quick and easy way to pay employees, submit and retrieve tax returns, and automatically control your finances within 1-2 business days.

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More Trending

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Thunes Acquires Tilia to Offer Wider Payment Solutions in the U.S.

Fintech News

Global payments company Thunes has entered into a definitive agreement to acquire Tilia LLC , a U.S.-based payment platform specialised in online games and virtual transactions. The financial terms of the deal were not disclosed, but the acquisition is pending regulatory approval. The acquisition aims to bolster Thunes’ growth and presence in the rapidly growing online gaming market across the United States.

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Engineering secure and scalable open banking with AWS

The Payments Association

Open banking is helping to revolutionise financial services access via APIs, enabling secure data sharing and fostering innovation in the banking industry Read more

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Singapore's Qashier awarded in-principle approval for a Major Payment Institution Licence

Finextra

Singapore-based fintech startup Qashier announced today that the company has been awarded in-principle approval by the Monetary Authority of Singapore (MAS) for a major payment institution (MPI) licence to offer merchant acquisition services, and domestic and cross-border money transfer services.

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Ramp may target US startups this year: report

Payments Dive

After successfully raising $150 million in funding, the finance automation platform will have its choice of acquisition targets, according to research firm CB Insights.

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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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Nium signs MoU with Indonesian payments operator Artajasa

Finextra

Nium, the global leader in real-time cross-border payments, today announced it will sign a partnership Memorandum of Understanding (MOU) with Artajasa, one of Indonesia’s leading payment infrastructure companies.

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Standard Chartered Joins Visa B2B Connect for Streamlined Payments

Fintech News

Standard Chartered has announced a new collaboration with Visa through the Visa B2B Connect network to streamline cross-border payments for its corporate clients. This initiative, starting in Singapore, aims to expedite and reduce the cost of business-to-business transactions internationally. The integration between Standard Chartered and Visa B2B Connect will be achieved via an application programming interface (API), which facilitates direct transaction routing to Visa, bypassing numerous inte

B2B 101
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NextGen Nordics 2024: The current state of play of cross-border payments

Finextra

Moderating the second panel of the day, Niamh Curran, senior reporter at Finextra, discussed real-time cross border payments with Patrik Havander, head of B2B Connect Europe at Visa, Christian Schwarz, director payments Europe at Finastra, Dr Hubertus von Poser, member of the management board at PPI, Colin Williams, global lead for clearing transformation at J.P.

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SGeBIZ and Funding Societies Team Up to Offer BNPL Payment Option for SMEs

Fintech News

Southeast Asia’s SME digital finance platform Funding Societies has partnered with SGeBIZ, a provider of digital procurement, payment, and sourcing solutions, to introduce embedded finance solutions for SMEs in Singapore. This collaboration aims to integrate Funding Societies’ financing capabilities into SGeBIZ’s EzyProcure platform through a “Buy Now, Pay Later” (BNPL) feature.

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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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Our biggest product updates from Sessions 2024

Stripe

We announced AI-powered payments, our biggest-ever upgrades to Stripe Connect, new support for usage-based billing, increased interoperability, and a lot more.

Product 94
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Nium, Thredd Deepen Partnership for Virtual Card Solutions in APAC Travel Sector

Fintech News

Nium, a major player in real-time cross-border payments, has announced an expansion of its partnership with Thredd , a global payments processor. The collaboration will focus on issuing virtual cards within the Asia Pacific (APAC) region, aimed at facilitating payments for travel intermediaries such as hotels and airlines. The move is in response to growing transaction volumes in the global B2B travel market, which are expected to hit US$1.7 trillion by 2027.

APACS 97
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Goldman ditches robo-investing for masses in sale to Betterment

Bank Automation

Goldman Sachs Group Inc. is closing down its automated-investing business for the masses after clinching a deal with Betterment. The bank has struck an agreement to transfer clients and their assets from the unit known as Marcus Invest to Betterment, a $45 billion digital investment-advisory firm.

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Former Mambu Exec Will Dale to Lead 10x Banking’s APAC Operations

Fintech News

Cloud-native core banking platform 10x Banking has announced the appointment of Will Dale as Regional Vice President for the APAC region. Dale, previously a Regional VP at Mambu, brings over 17 years of experience in the banking technology sector to his new role. He will be based in Singapore, where he will oversee the expansion of 10x Banking’s operations across APAC.

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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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Klarna expands reach with Uber partnership

Payments Dive

The Swedish BNPL pioneer said it has formed new partnerships with the ride-share company, as well as the travel firm Expedia Group.

BNPL 78
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Flexible by Design: What Differentiates a Successful Payment Software Platform

Fintech News

In the ever-evolving landscape of payments, it is crucial to choose a payment platform from a vendor that can anticipate and support future growth through innovative functionality. This choice is key for staying ahead of your competitors. To illustrate the importance of choosing the right payment platform, consider the following scenarios. Imagine you’re expanding from debit/prepaid cards to credit cards and exploring becoming an acquirer or launching a digital wallet.

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Fiserv deploys AI for productivity

Bank Automation

Financial services technology provider Fiserv is deploying AI to drive productivity and sees growth opportunities in the point-of-sale and real-time payments segments.

Product 75
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Atome Financial Reports Profitability in Q1 2024

Fintech News

Atome Financial, a key player in Southeast Asia’s digital financial services, announced that it has achieved profitability in the first quarter of 2024 and reported a substantial increase in operating income for 2023. The company’s operating income soared to US$170 million, nearly double from the previous year’s US$88 million. Atome operates the buy-now-pay-later service Atome and Kredit Pintar, an Indonesian digital lending platforms.

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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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NextGen Nordics 2024: Nordics can look outwards for new instant payments approaches

Finextra

In the first panel of NextGen Nordics 2024, Finextra’s head of content Madhvi Mavadiya moderated the session: ‘Instant payments – how to prepare for RIX-INST on TIPS and the benefits of starting with Swish’.

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Jean-Pierre Brulard Steps in as Temenos CEO Following Hindenburg Allegations

Fintech News

Banking software company Temenos announced that Jean-Pierre Brulard will become its new CEO starting 1 May 2024. He will be based in Switzerland. The appointment follows the retirement of Andreas Andreades, who has served Temenos in various capacities over the past 25 years, most recently as CEO. Brulard comes to Temenos with a robust background in sales and commercial leadership across the technology sector.

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Goldman Sachs offloads Marcus robo-advisor customers to Betterment

Finextra

Goldman Sachs continues its retreat from consumer banking, striking a deal to sell its Marcus Invest digital investing accounts to Betterment.

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Movers and Shakers: Ex-Wells leader Ellington new adviser at Uplinq

Bank Automation

Uplinq, a credit decisioning support platform for small business lenders, named former Wells Fargo leader Derek Ellington as its strategic adviser.

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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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Temenos appoints CEO; says sales hit by Hindenburg report

Finextra

Temenos says allegations of mismanagement made by short seller Hindenburg Research led to a temporary "lengthening of sales cycles" in the first quarter. Meanwhile, the core banking vendor has appointed former VMWare executive Jean-Pierre Brulard as CEO.

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TSB, Co-operative Bank and Lloyds Should ‘Urgently Address’ Security Concerns, Suggests Which?

The Fintech Times

As mobile banking apps continue to accrue a seemingly ever-growing user base, criminals may sense an opportunity to access people’s finances by exploiting weaknesses in some banks’ security, consumer champions Which? has found. In its latest bank security investigation, researches tested banking website and app security across four key criteria – login procedures, security best practice, account management and navigation and logout, which were amalgamated to give a total score

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Episode Six and DCS Enables Fintechs to Launch Credit Cards in Weeks

Fintech News

Episode Six (E6), a payments and banking infrastructure provider, has teamed up with Singapore-based DCS Card Centre (DCS) has rolled out Credit Card-as-a-Service targeting fintechs in Singapore. This collaboration enables fintech companies to issue their own branded credit cards directly from their customer interfaces. Utilising E6’s advanced technology, the time required to launch a new credit card is significantly reduced from the typical duration of four to six months to just a few wee

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Em Conversa: Renewable Energy in Colombia Using Blockchain With Unergy

The Fintech Times

As of April 2023, there were 1,000 active fintechs in Latin America (LatAm) with a vast majority focusing on financial inclusion, tackling the issue of 70 per cent of the population not having access to formal financial services. Em conversa looks to uncover what the future of fintech could look like in the region, following a $2.1billion valuation in 2022.

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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.