Payments Dive

DECEMBER 13, 2023

The tech giant has linked with the buy now, pay later companies to develop installment payment options to be offered next year.

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BNPL Payments 210

Finextra

DECEMBER 13, 2023

Japanese card issuer JCB is moving to Phase 2 of a pilot to trial offline P2P payments for a central bank digital currency (CBDC).

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CBDC Card Issuer Central Bank Digital Currency 137

Payments Dive

DECEMBER 13, 2023

The number of banks participating in The Clearing House’s real-time payments network surged this year after the launch of the rival FedNow system.

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FedNow RTP Real Time Payments Payment Networks 130

The Fintech Times

DECEMBER 13, 2023

Over a quarter of British small and medium-sized businesses admit to being owed between £5,000 and £20,000 in unpaid invoices, according to a survey by Payit , a payment solution by NatWest, in partnership with Censuswide. SMEs account for nearly two thirds (61 per cent) of UK employment. Late payments have taken a toll across the country, with SMEs also reporting that over a third (36 per cent) of payments in an average month arrive late.

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Near Real-Time Small Business Payments Accounts 115

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

Bank Automation

DECEMBER 13, 2023

Financial institutions are looking to generative AI for software development, chatbots and operational efficiencies, and more AI applications are expected to surface in 2024. Gen AI for software development, for one, is expected to be “transformational” in the financial services industry, according to Mastercard’s “Generative AI: The transformation of banking” report, released Dec. 4.

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AI Visa 114

Fintech News

DECEMBER 13, 2023

Singaporean payment institution FOMO Pay and United Arab Emirates’ digital bank Zand have partnered to improve cross-border payment efficiency between Asia and the Middle East and North Africa (MENA) region. This collaboration seeks to streamline B2B transactions and enhance the speed and cost-effectiveness of international remittances. The partnership between FOMO Pay and Zand Bank is expected to benefit businesses by offering more competitive rates and improved efficiency in handling pay

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Cross-Border Payments Cross-Border Gateways Central Bank 113

Fintech News

DECEMBER 13, 2023

Pave Bank , a digital bank with programmable money and regulated digital assets, announced that it has officially launched following a US$5.2 million seed funding round. The fundraise was led by 468 Capital with participation from Quona Capital, FT Partners, BR Capital, w3.fund, Daedalus and angel investors. The founding team comprises Salim Dhanani (CEO), who previously co-founded BigPay ; Simon Vans-Colina (CTO), with a background at Citibank, Vocalink, Starling Bank before he co-founded Monzo

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Multi-Currency IBAN Treasury Management Stablecoins 108

Payments Dive

DECEMBER 13, 2023

The jury verdict in favor of Epic Games challenges the Google Play app store model that forces payments through its system, with fees up to 30% on sales.

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Payments 103

The Payments Association

DECEMBER 13, 2023

The article explores the growing threat of financial fraud in instant payment systems. It underscores the complexity of combating cybercrime in the digital age, discussing different approaches from proactive fraud prevention measures, multi-layered defenses, and enhanced customer education.

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Fraud Prevention Transactions Instant Payments Payments 88

Stax

DECEMBER 13, 2023

Did you know that in 2021, merchants ended up paying a whopping $105 billion in credit card processing fees? Even though they’re one of the most popular payment options today, accepting credit cards at your business can turn out to be a significant expense. Fortunately, credit card surcharging is a good way to offset some—if not all—of the cost of accepting credit card payments.

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Credit Cards Debit Card Laws Rules 88

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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 Payments Association

DECEMBER 13, 2023

This article explores the imperative shift in the financial sector's card management systems towards digital transformation. Fueled by security concerns, changing consumer expectations, and environmental sustainability, the evolution encompasses encryption, biometrics, instant issuance, contactless transactions, operational efficiency, data analytics, and reduced environmental footprint.

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Encryption Security Transactions Consumer 88

Basis Theory

DECEMBER 13, 2023

Frictionless payments offer the least amount of effort to get a transaction closed. There is no universally accepted definition of a frictionless payment, it is more of a design principle than anything else: place as few barriers between the consumer and their purchase as is humanly possible. As e-commerce has grown and evolved, the options available to reduce the strain on the consumer have multiplied and grown, from storing credit card details to implementing new payment methods to integrating

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Payments Credit Cards Transactions Consumer 88

The Payments Association

DECEMBER 13, 2023

Going back in time, during the Ethereum period, when we first embraced the smart-contract blockchains, all the operations that go into mining and validating a transaction, like data availability, consensus, execution […] Read more

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Blockchain Transactions Digital Currency 88

Finextra

DECEMBER 13, 2023

Fintech is a fast-changing ecosystem where there are few certainties. As 2023 comes to an end, it’s.

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FinTech 138

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

Nanonets

DECEMBER 13, 2023

A survey by Accenture on underwriting employees found that up to 40% of underwriters’ time is spent on non-core and administrative activities. They estimate that this represents an industry-wide efficiency loss of up to $160 billion over the next five years. Integrating AI and automation into the underwriting workflow presents a significant opportunity to minimize the time allocated to administrative tasks, manual processes, and repetitive data entries.

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AI Process Fraud Detection Compliance 102

Fintech News

DECEMBER 13, 2023

In recent years, the world has witnessed a rapid rise in the popularity and adoption of cryptocurrencies. As this digital revolution continues to reshape the financial landscape, it is crucial to examine the future of the monetary system and address the challenges the crypto industry faces. In an exclusive interview with Fintech News Singapore , Marc Temple, Global Development Director at LexisNexis Risk Solutions, delved into the increasing demands and scrutiny of multi-jurisdictional regulator

Financial Crimes 101

Financial Crimes Money Laundering Crime Compliance 101

Paystand

DECEMBER 13, 2023

Maintaining a healthy cash flow is crucial to survival and growth in business management. Imagine peering into your company's financial crystal ball, foreseeing cash flow, and heading toward prosperity. The magic lies in the art of cash flow forecasting.

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Fintech News

DECEMBER 13, 2023

Southeast Asian SME financing platform Validus has secured a US$20 million investment from growth-stage private equity firm 01Fintech. Validus will use the fresh funds to accelerate its expansion plans in fast-growing markets like Indonesia as well as enhance its technology innovation. Operating in Indonesia, Singapore, Thailand, and Vietnam, Validus utilises proprietary data and AI to provide financing solutions to underserved SMEs.

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Due Diligence Underserved Finance Small Business 99

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 Payments Association

DECEMBER 13, 2023

Blockchains have created a narrative that they are an underlying technology that powers cryptocurrencies that challenge the traditional financial system.

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Blockchain Cryptocurrency Technology Digital Currency 88

Fintech News

DECEMBER 13, 2023

DBS Bank has entered into an agreement with Belgium-based clearinghouse Euroclear to integrate all of its investment funds onto the latter’s funds platform. Euroclear’s platform will offer a comprehensive solution for the trading, custody, and distribution services of DBS Bank ‘s fund assets. This integration provides DBS Bank a streamlined solution for fund distribution and execution, utilising Euroclear’s extensive network.

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Agreements Risk Innovation Continuity 99

NFCW

DECEMBER 13, 2023

WEARABLES: Wallet Express makes it easier for banks to add support for contactless wearable devices Mastercard has launched a program that allows banks and card issuers across Europe to offer cardholders a wider range of digital wallet options for use on their smartphone or wearable device by streamlining the process of enabling support for multiple digital wallets simultaneously.

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Visa Card Issuer Issuers Consumer 98

Fintech News

DECEMBER 13, 2023

The accelerated energy transition amidst pressing climate concerns has compelled industry players to contribute actionable solutions in driving positive change and sustainable development. Rising up to the challenge, Petronas, a global energy corporation, has significantly expanded its scope beyond traditional oil and gas operations, delving into the realms of technology, sustainability and innovative digitalisation through its initiative, Petronas FutureTech.

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SDN Innovation Participant Technology 98

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

NFCW

DECEMBER 13, 2023

PILOT: Passengers will be able to view their ride history and fare-cap savings in Google Wallet Bus operator Brighton & Hove Buses is to be the first in the UK to pilot a feature that enables passengers with Android devices to access their journey history, track their spending and check their progress towards daily or weekly fare caps directly in Google Wallet.

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Caps Contactless Payments Origination Mobile Payments 92

Fintech News

DECEMBER 13, 2023

Sumsub, a global full-cycle verification platform, announced that it has officially become a member of the Singapore Fintech Association (SFA). The firm had set up its regional headquarters in Singapore in July this year. According to Sumsub , this is in line with its commitment to “driving innovation, fostering key industry connections, and contributing to the vibrant fintech landscape in Singapore, as well as the wider APAC market” The SFA, a non-profit initiative encompassing vari

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Web 3.0 FinTech APACS Participant 92

The Fintech Times

DECEMBER 13, 2023

Despite a notable $30billion funding decline as well as instances of slow growth, there was still strong confidence in fintech’s future from investors at this year’s Money20/20 USA in Las Vegas, as underpinned by findings from global payment company Discover® Global Network ’s 2023 Fintech State of the Union study. The research study, conducted by Discover Global Network with 451 Research , a part of S&P Global Market Intelligence , is known as the most comprehensive of its kind in the

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FinTech Payment Networks Research Payments Strategy 75

Fintech News

DECEMBER 13, 2023

Global payments firm Airwallex has partnered with Woo, an open-source ecommerce platform on WordPress, to offer a new payment option for the latter’s merchants. This partnership aims to simplify cross-border commerce for global merchants without the high foreign exchange conversion fees. This integration with Airwallex equips Woo merchants with the capability to seamlessly accept cross-border payments.

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Cross-Border Payments Cross-Border Payments Addressing 91

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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

Bank Automation

DECEMBER 13, 2023

Citi Treasury and Trade Solutions invested in payments fintech Icon Solutions last week to modernize its core payments capabilities and expand its payments offerings. Citi TTS, the global banking arm of the $1.

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Transactions Wires Wire Treasury 72

Fintech News

DECEMBER 13, 2023

There has been a significant drop in crypto hacks in 2023, with a more than 50% decrease compared to the previous year, according to research conducted by blockchain intelligence company TRM Labs. While the number of hacking incidents remained relatively steady at 160, the total amount stolen by cybercriminals through November 2023 amounted to US$ 1.7 billion, less than half of the nearly US$ 4 billion lost to crypto hacks in 2022.

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Volume Law Enforcement Breach Cryptocurrency 77

Finextra

DECEMBER 13, 2023

Google is teaming up with Zip and Affirm to offer buy now pay later options for US consumers shopping with Google Pay.

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BNPL Consumer 85

The Paypers

DECEMBER 13, 2023

Omnichannel payments provider Pavilion Payments has announced its partnership with ClutchBet in order to integrate instant payments to the latter’s customers.

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Instant Payments Payments 78

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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