Mon.Dec 11, 2023

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Mastercard ties growth to digital strategy

Payments Dive

The network is advancing technologies to let consumers and businesses more easily use its cards, after doubling the number of merchants that accept them over the past five years.

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Three best practices to boost on-time payments using personalized links

Payments Next

By Steve Kramer, VP Product, PayNearMe Though many of us manage our bill payments quite smoothly, you might be surprised to learn The post Three best practices to boost on-time payments using personalized links first appeared on Payments NEXT.

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Discover names banking exec as new CEO

Payments Dive

Michael G. Rhodes, previously the group head for Canadian personal banking at TD Bank Group, will take the helm at Discover in March.

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Swift Invites Fintech Pioneers to Join AI-Based Cross-Border Innovation Challenge

Fintech News

Swift has announced the launch of its first-ever “The Innovation Challenges” that invites participants to create AI-based solutions aimed at improving the efficiency and security of cross-border transactions. Registration is now open until 15 January 2024. The challenge arises from a Swift study highlighting the growing demand for transparency and security in low-value cross-border payments, especially among small and medium-sized enterprises (SMEs).

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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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Bridging the trust gap in open banking: The role of digital rewards

The Payments Association

Open banking — a promised financial utopia where data flows freely, consumers reign supreme, and businesses can reduce their payment processing fees — but what use is this powerful innovation if you can’t get customers to actually adopt it?

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Independent Reserve Adds PayNow Option to Ease SGD Deposits

Fintech News

Independent Reserve, a licensed crypto exchange in Singapore, announced the addition of the PayNow service to its platform, aiming to simplify and secure the process of Singapore Dollar (SGD) deposits for its users. With the integration of PayNow, users can now deposit up to S$200,000 with zero fees by scanning a PayNow QR code. This enhancement complements the existing options for SGD deposits via FAST transfers and USD deposits through SWIFT.

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Network International Joins Huawei to Consolidate the UAE’s Leading Position in E-Commerce

The Fintech Times

Network International , the digital commerce enabler across the Middle East and Africa (MEA) region, has joined forces with Huawei , the global provider of ICT infrastructure and smart devices, to provide end-to-end card processing and managed payment services for financial services customers. Network International revealed it will support customers in the market by providing omnichannel digital payment offerings, including card issuing and acquirer processing services, transaction switching cap

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Lightnet and TransferMate to Enhance International Payments for Businesses

Fintech News

Singapore-based fintech firm Lightnet has entered a global partnership with B2B global payments infrastructure-as-a-service provider TransferMate with the aim to enhance cross-border remittance and payment solutions. TransferMate, part of CluneTech, operates an extensive payments network supporting transactions in over 200 countries and 140 currencies.

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Sponsor's message: [Webinar] Consumer data privacy: Why protecting trust is essential

Finextra

How can financial institutions maintain the expectations of cardholders when it comes to data management, privacy, and transparency? Why is trust critical in the realm of digital payments?

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Singapore Outpaces Australia, US, and UK in Generative AI Trust, FIS Study Shows

Fintech News

A recent study by global payments service provider FIS found that Singaporeans exhibit significantly higher trust in generative artificial intelligence (GenAI) compared to their counterparts in major markets such as Australia, the UK, and the US. The study found that only 8% of Singaporeans expressed distrust in GenAI, a stark contrast to the higher levels of skepticism observed in the other surveyed countries.

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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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Healthcare Document Management: A Complete Guide

Nanonets

Healthcare document management systems play a crucial role in the modern healthcare landscape by streamlining and enhancing the management of patient records, administrative documents, and medical data. These systems provide a centralized and secure platform for storing, organizing, and accessing a vast array of healthcare-related information. What is Healthcare Document Management?

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Thredd Powers Virtual Card Issuance for Paytron’s Employee Expense Tool

Fintech News

Global payments platform Thredd has been selected by Paytron, an Australian workflow and spend management platform, to serve as the latter’s global issuer processing technology partner. The collaboration will enable Paytron to provide virtual card issuance as part of its new employee expense management tool, facilitating rapid expense reimbursements through a digital platform.

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Big Issue vendors accept contactless payments directly on NFC smartphones in the UK

NFCW

SOFTPOS: The refurbished NFC phones enable vendors to accept payments without a separate device Big Issue magazine is enabling its street vendors in the UK to accept contactless payments for copies of the publication directly on NFC smartphones without needing an additional card reader. Big Issue — which supports homeless and vulnerably-housed people by enabling them to earn an income from on-street sales — is distributing 250 refurbished NFC smartphones to vendors in order to “make sales smooth

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SC Ventures and G+D Complete Pilot on Different Types of CBDC Systems

Fintech News

SC Ventures, the innovation, fintech investment, and ventures arm of Standard Chartered, and Giesecke+Devrient (G+D) successfully completed a proof-of-concept (PoC) on the Universal Digital Payments Network (UDPN). This PoC involved executing real-time cross-border test transactions between various Central Bank Digital Currency (CBDC) systems. The aim of this PoC was to show how commercial banks could integrate two different types of CBDC systems into their existing banking infrastructure and pe

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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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Bank of Khyber selects BPC to enhance e-commerce security with advanced debit card technology

Fintech Finance

Bank of Khyber (BOK) , one of Pakistan’s leading banking institutions, has announced a significant partnership with BPC , a leader in financial technology solutions, to enhance e-commerce and online transaction security for its customers. Under the agreement, all Mastercard debit Cards of Bank of Khyber will be equipped with 3D Secure authentication, conforming to the latest industry standards.

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Will Generative AI Fundamentally Reshape Banking?

Fintech News

A technology revolution is underway that stands to transform the banking industry fundamentally. Generative AI, which burst onto the scene in early 2023, leverages advanced natural language models to automate a vast range of cognitive tasks. As this versatile innovation proliferates across industries, banking leaders are moving swiftly to harness its potential.

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Airbnb launches Pay Over Time with Klarna in UK to offer more flexible payments for guests

Fintech Finance

Airbnb and Klarna have joined forces to launch Pay Over Time with Klarna, a new way for guests in the UK to spread the cost of their reservation. The launch is part of a phased global roll-out which will see Klarna and Airbnb offering an alternative way to pay in for guests across three continents by early 2024. First launched in North America as part of Airbnb’s 2023 Summer Release, Pay Over Time with Klarna allows guests in the UK to apply to pay for their next stay in three interest-free inst

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Cambodia Advances Tourism Sector with Blockchain-Based Digital Currency Payments

Fintech News

Cambodia is implementing new initiatives to expand payment options for tourists by cementing blockchain-based central bank digital currency (CBDC) partnerships. This effort is part of the country’s broader strategy to update its tourism sector, reflecting the significance of tourism as one of the four main pillars of Cambodia’s economy. The first nine months of 2023 saw a notable increase in international tourist arrivals in Cambodia, with the numbers nearly quadrupling compared to t

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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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How sustainable is payment by cash?

Finextra

The environmental footprint of a person’s yearly use of euro banknotes is equivalent to driving 8 km by car, or 0.01% of an individual's total carbon consumption, according to a study by European financial authorities.

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European Parliament, Council reach EU AI Act deal

Bank Automation

The European Parliament and European Council reached a deal Friday on AI regulation to protect consumers from high-risk uses of the technology while promoting innovation in a controlled environment. The deal could become the international benchmark on AI.

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All In On AI? An New EY Study Reveals Eagerness Among Leaders in Financial Services

Finovate

“Fired up and ready to go” is not just for political campaigns any more. According to a new survey from Ernst & Young , that sentiment aptly describes the attitude of a growing number of leaders in financial services when it comes to their eagerness to deploy artificial intelligence (AI), particularly generative AI (GenAI). How eager?

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As payments evolve, enterprises turn to Stripe

Stripe

Startups have always prized Stripe’s speed and agility. Today, growth-minded enterprises are asking for it, too. We’ve built the payment capabilities they require to harness Stripe’s pace of innovation.

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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.

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Neobank Dave launches DaveGPT chatbot

Bank Automation

Challenger bank Dave launched its generative AI-driven chatbot last week and is exploring multiple uses of the technology.

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4 ways to “Break the Cycle” and leave manual reimbursements in the past

Payments Dive

Manual travel reimbursements cost companies time and money yet remain common in corporate policies.

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RippleNet becomes Ripple Payments

Finextra

Ripple, the leader in enterprise blockchain and crypto solutions, debuted today the evolution of its crypto-enabled cross-border payments solution, Ripple Payments, formerly known as RippleNet.

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London-Based Fintech and e& Enterprise Launch Sustainability Exchange Platform

The Fintech Times

World Wide Generation (WWG), a London-based sustainability fintech firm has joined forces with digital transformation support provider e& enterprise , to launch a new global sustainability exchange platform. Powered by WWG’s G17Eco platform, e& enterprise’s ‘Sustainability as a Service’ hopes to transform how organisations access, interpret, and act on sustainability data, offering insights, solutions, and support across various sectors.

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Deliver Mission Critical Insights in Real Time with Data & Analytics

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.

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Hong Kong allocated USD 25.6 bln in its fintech and AI

The Paypers

The Hong Kong government has assigned USD 25.6 billion and has made significant investments to establish Hong Kong as a fintech hub through innovation and technology.

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FCA Commits £317Million to Change Programme as Crypto Skills Shortage Causes Significant Delays

The Fintech Times

In a new report, the National Audit Office has revealed that the Financial Conduct Authority (FCA) has been experiencing significant delays between when it identifies an issue and the following required action. Depending on the circumstances, a range of barriers have proved to slow the FCA down when it comes to taking action. The UK regulator sometimes requires Parliament to step in and approve legislation before it can impose conduct standards; for example, on Buy Now, Pay Later credit provid

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Intesa Sanpaolo rolls out contactless payment ring

Finextra

Intesa Sanpaolo is launching a wearable payment ring for customers to tap and pay at the checkout.

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Icon Solutions Lands New Investment from Citi

Finovate

Icon Solutions received a strategic investment from Citi Treasury and Trade Solutions. The amount of the recent investment, as well as the amount of the company’s 2020 funding round, are undisclosed. Citi Treasury and Trade Solutions also announced it will expand its use of Icon Solutions’ Icon Payments Framework (IPF) to enhance its ecosystem.

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Secure SaaS Success: Embedded Finance as a Competitive Advantage

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.