Payments Next
SEPTEMBER 16, 2024
By John Toman, Co-founder & Chief Product Officer, Pivot Payables Commercial virtual cards have been available for years as a payment method The post You Thought You Knew Virtual Cards…Think Again first appeared on Payments NEXT.
Finextra
SEPTEMBER 16, 2024
Citigroup is stripping chief operating officer Anand Selva of his responsibility for data compliance after the bank was hit with $136 million in fines for its failure to address long-standing deficiencies in risk management and data governance.
Payments Dive
SEPTEMBER 16, 2024
The agency says Horizon Card Services violated the Truth in Lending Act by charging fees as high as 60% of a customer’s credit limit, and all but refusing to cancel their cards.
The Payments Association
SEPTEMBER 16, 2024
The FCA's latest guidance proposes a risk-based approach allowing payment service providers to delay outgoing payments to combat APP fraud, balancing fraud prevention with consumer protection.
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
Fintech News
SEPTEMBER 16, 2024
UnionPay has partnered with payment solutions provider AXS to introduce a new bill payment service tailored for Mainland Chinese residents living in Singapore. By leveraging the UnionPay app, users can now conveniently pay various bills, including household expenses, educational fees, electricity, condo management fees, season parking, town council fees, healthcare, and home services, directly from their Mainland China-issued UnionPay cards.
Payments Dive
SEPTEMBER 16, 2024
The major card networks enabled systems that allow international travelers in China to use their cards to pay for Beijing rail transit as of last week.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Finextra
SEPTEMBER 16, 2024
Finastra, a global provider of financial services software applications, today announced an integration with Prelim, an industry-leading fintech, for its Finastra Phoenix core solution, enhancing the retail and commercial deposit account opening experience.
The Payments Association
SEPTEMBER 16, 2024
Central bank digital currencies (CBDCs) could transform cross-border payments by reducing costs, improving efficiency, and enhancing transparency.
Finextra
SEPTEMBER 16, 2024
Citigroup is stripping chief operating officer Anand Selva of his full responsibility for data compliance after the bank was hit with $136 million in fines for its failure to address long-standing deficiencies in risk management and data governance.
Fintech News
SEPTEMBER 16, 2024
DCS Card Centre has partnered with licensed digital currency payment provider Triple-A to allow customers to top up their virtual accounts using digital assets. The new feature, available through the DCS Cards app, lets users instantly convert their crypto holdings into Singapore dollars and use the funds for bill payments or other card purchases. Triple-A handles the conversion process, ensuring that DCS itself does not interact with the digital assets.
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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?
Finextra
SEPTEMBER 16, 2024
Sweden's Riksbank is threatening banks with the propect of regulation to ensure business access to cash services.
The Finance Weekly
SEPTEMBER 16, 2024
Sixty-four percent of tech companies pivot towards Artificial Intelligence (AI) to streamline operations. Tech giants like Apple, IBM, Cisco, Dell, and Intel were among the 48 companies that announced a whopping 26,024 job cuts. Over 400 tech companies have made similar announcements, affecting more than 130,000 workers, with January having the highest count of job cuts at 34,107.
Fintech Finance
SEPTEMBER 16, 2024
Ecospend , a Trustly Company and the UK leader in open banking payments, has retained the UK’s most significant open banking contract to date with HM Revenue and Customs (HMRC). Ecospend will continue to offer its Open Banking solutions to enhance parts of HMRC’s payment processes and deliver innovative data solutions for taxpayers. Such services provide a range of benefits from decreasing errors and reducing fraud to improving usability for UK taxpayers while reducing costs for HMRC itself.
Fintech News
SEPTEMBER 16, 2024
Hashstacs, previously known as STACS, has rebranded to ESGpedia , adopting the name of its flagship Environmental, Social, and Governance (ESG) platform. Headquartered in Singapore, ESGpedia provides data and technology solutions to support sustainability initiatives across Asia Pacific. The platform powers the Monetary Authority of Singapore’s (MAS) Project Greenprint ESG Registry , tracking sustainability data to address greenwashing concerns.
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 Finance
SEPTEMBER 16, 2024
Brite Payments , a leading provider of open banking-based instant payments, will host its upcoming webinar Payment Insights 2024 at 15:00 CEST (14:00 BST) on Thursday, 26 September. Drawing upon exclusive survey data and findings from the 2024 Instant Economy Payment Insights report, leading payments experts will provide businesses with essential insights into the evolving landscape of online payments across Europe, with a particular focus on the rise of Pay by Bank.
Payments Dive
SEPTEMBER 16, 2024
Explore trends reshaping the landscape of payments and how businesses can stay ahead with modern solutions.
Bank Automation
SEPTEMBER 16, 2024
Ally Financial faces two class action lawsuits in the wake of a data breach earlier this year. Plaintiff Sebastian Owens, among others in the class action suit, according to court documents filed in the District Court of Western District of North Carolina on Sept. 7, are suing Ally Financial subsidiary Detroit-based Ally Bank for: […] The post Ally faces legal battle after data breach appeared first on Bank Automation News.
Finextra
SEPTEMBER 16, 2024
The UK's biggest banks have completed the experimentation phase of a Regulated Liability Network, claiming a number of benefits that the financial market infrastructure for programmable money operating on a multi-bank shared ledger could bring.
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
SEPTEMBER 16, 2024
Truist Financial is seeing increased mobile banking adoption among its customers as it prioritizes personalized experiences. “You hear people talk ‘digital first,’ [but] I would actually argue it’s ‘mobile first,’” Sherry Graziano, head of digital, client experience, and marketing at Truist, told Bank Automation News. “Three-quarters of our clients are engaging in mobile as their […] The post 75% of Truist customers’ primary access is mobile app appeared first on Bank Automation News.
Finextra
SEPTEMBER 16, 2024
Barclays is having a hard time selling off a stake in its UK merchant payments unit with potential buyers baulking at the bank's valuation of the business, according to Reuters.
Fintech Finance
SEPTEMBER 16, 2024
Tottenham Hotspur has announced a new three-year strategic partnership with Ant International , a digital payment and financial technology leader. The partnership sees Ant International, together with its business brands Alipay+, Antom and WorldFirst, become the exclusive Official Global Payment Solutions and Digital Wallet Partner of Tottenham Hotspur, and Alipay+ the first Official Training Wear Sleeve Partner for both the men’s and women’s teams.
The Paypers
SEPTEMBER 16, 2024
Global digital payments provider Club L London has partnered with Checkout.com in order to accelerate international expansion on the Shopify platform.
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.
The Fintech Times
SEPTEMBER 16, 2024
PalmPay , a financial platform boasting over 30 million users in Nigeria, has launched a USSD code, offering locals a new way to manage their finances without internet connectivity. As part of an effort to improve the accessibility of PalmPay, customers can now perform a number of banking transactions by dialling ‘*861#’ on their mobile phones.
Finovate
SEPTEMBER 16, 2024
From hyper-personalization to compliance automation to product management, the digital transformation in retail bears many similarities to the digital transformation taking place in financial services. In both instances, greater digitization and enabling technologies like AI and machine learning, are empowering businesses to better know and serve their customers, build innovative solutions and services, and secure their operations and their customers’ data against cybercrime.
Nanonets
SEPTEMBER 16, 2024
Managing and reviewing contracts throughout their lifecycle is quite a challenging task for businesses. Especially since contract data is often scattered across different systems or departments - making it hard to get a quick comprehensive view of contractual obligations. Consider the volume of contracts that businesses typically deal with, the effort required to manually review dense unstructured legal information, and the (legal) expertise required to interpret the data within contracts.
Finovate
SEPTEMBER 16, 2024
If you skipped FinovateFall last week, you missed out! Fortunately, I’ve compiled a written highlight reel to bring you up to speed. Demos With 66 demos on stage, the audience took in a variety of fintech solutions. There was one underlying, enabling technology that fueled the majority of the products and services. That enabling technology, AI, pulsed throughout not just the demos, but the entire event.
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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.
Finextra
SEPTEMBER 16, 2024
Newgen Software, a global provider of an AI-led digital transformation platform, announced its partnership with Old Second National Bank, one of the oldest banks in the US. To enhance its account management process, the bank opted for Newgen’s advanced digital account opening and maintenance solution, built on the NewgenONE low-code platform.
Finovate
SEPTEMBER 16, 2024
Fresh from FinovateFall in New York, we’ve got a raft of fintech news to share and catch up on. Be sure to check Finovate’s Fintech Rundown all week long for the latest in industry news, announcements, and headlines. Credit unions Formerly PSCU/Co-op Solutions, Velera will provide card processing solutions for BrightStar Credit Union courtesy of a new partnership.
Finextra
SEPTEMBER 16, 2024
More than 40 private sector financial firms, convened by the Institute of International Finance, will join the Bank for International Settlements and a group of leading central banks in Project Agorá to explore how tokenisation can enhance wholesale cross-border payments.
The Fintech Times
SEPTEMBER 16, 2024
Bybit , the world’s second-largest cryptocurrency exchange by trading volume, has been granted a Provisional Approval for Virtual Asset Service Provider (VASP) licence for virtual asset exchange services from Dubai’s Virtual Assets Regulatory Authority (VARA). Having secured the licence, Bybit takes a sizeable step towards securing full operational approval in Dubai.
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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.
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