Wed.Nov 13, 2024

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Visa Empowers Digital Creators with Small Business Tools and Resources

Fintech News

Payment giant Visa announced its commitment to supporting digital creators by recognising them as small businesses at the Web Summit in Lisbon. This provides creators with access to Visa’s financial tools, resources, and products, including business cards, payment controls, and programmes like Practical Business Skills, previously only available to traditional small businesses.

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Avara Launches Family Wallet to Make Web3 and Crypto More Accessible

The Fintech Times

Both seasoned users and newcomers to the crypto scene will be able to transact and explore the web3 space using the Avara Family Wallet, the new non-custodial crypto wallet with built-in messaging. Avara, the parent company behind Aave Labs and Lens , has launched this new Ethereum wallet to ensure users remain in full control of their assets, private keys and sensitive data.

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Cake by VPBank Leverages Visa for Cloud-Based Card Management

Fintech News

Cake by VPBank, a Vietnamese digital bank, has collaborated with Visa to launch a cloud-based card management system (CMS). The system, built on Google Cloud infrastructure and using Visa Cloud Connect, integrates with Visa’s global payment network. The CMS aims to enhance payment processing in Vietnam by leveraging cloud infrastructure, allowing for secure and streamlined operations.

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What is ACH Credit and ACH Debit and How Do They Work?

Stax

Understanding ACH credit payments means understanding the way in which different types of ACH payments are processed in the US banking system. ACH credit payments differ from ACH debit payments and both are distinct from credit and debit card payments. In this article, we will explore the differences between each type of payment along with their key features and benefits.

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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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Nuvei Gets Regulatory Green Light to Go Private

Fintech News

Canadian payments firm Nuvei Corporation announced that it has received all necessary regulatory approvals for its plan to go private. The move is part of an arrangement with Neon Maple Purchaser Inc., an entity formed by Advent International, in collaboration with Nuvei CEO Philip Fayer, Novacap Management Inc., and CDPQ. The transaction, valued at approximately US$6.3 billion, is expected to close on or around 15 November 2024, pending the satisfaction of remaining closing conditions.

FinTech 111
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From Why to Wow – Migration Considerations & Success Factors

The Payments Association

Is your card programme provider meeting your needs today and tomorrow? Join our From Why to Wow – Migration Considerations & Success Factors webinar where industry experts who have successfully migrated card programmes will discuss what’s essential for your card programme to succeed, and how to find a card programme partner that ensures it.

More Trending

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Sunshine+Kittens is set on revolutionising financial education for kids

Finextra

Finextra spoke to co-founder Charles O’Neil and CMO Dan Walsh, of new financial literacy app, Sunshine+Kittens, which is set to launch early next year.

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Mastercard and ASEAN Foundation Team Up on Cybersecurity

Fintech News

Mastercard and the ASEAN Foundation have announced a new programme to bolster cybersecurity across Southeast Asia. The ASEAN Foundation-Mastercard Cybersecurity Resilience Programme will focus on three key pillars: raising awareness, providing skills and training, and improving capacity through technology and intelligence. This initiative comes as the region experiences rapid digital economic growth, with a compounded annual growth rate of 27% since 2021, coupled with an alarming 82% rise in cyb

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Mastercard Reinvents Checkout With Password and Number Free Payments

Fintech Finance

Mastercard today announced its vision to transform online shopping by 2030. Imagine a future where no physical card numbers are needed for purchases. Where passwords or one-time codes are obsolete, and secure on-device biometrics allow seamless authentication across devices and websites, ensuring personal data stays on the device. This vision is already becoming a reality today in major markets and is poised to become ubiquitous within a few short years.

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Private sector merits ‘significant’ payments footprint, Waller says

Payments Dive

The Federal Reserve must consider when to make up for private sector shortcomings in payments, while keeping its role limited, board member Christopher Waller said Tuesday.

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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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Blink Payment Enters B2B Fashion Payments with Zedonk Partnership

Fintech Finance

Blink Payment , a UK paytech platform that offers businesses seamless digital payment solutions, today announces its entry into B2B fashion payments through integration with ERP Zedonk , in a move that will enable more than 1,000 leading fashion brands and showrooms to streamline their buyer payments. Zedonk currently services over 1,000 brands and showrooms across 45 countries, many of whom distribute their products to individual retailers.

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What Payment Tokenization Means to a Merchant

Basis Theory

We review the different options merchants have for payment tokenization and give our recommendation! Tokenize your payments today!

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Aryza Expands Partnership with GoCardless to Enhance Payment Solutions

Fintech Finance

Aryza Group , a leading provider of financial software solutions, has announced the expansion of its partnership with GoCardless , a global bank payment company. This collaboration transforms the existing technology relationship into a comprehensive partnership that includes an introducer agreement across all Aryza platforms globally. Since becoming a technology partner in 2022, GoCardless has played a vital role in Aryza’s payment solutions.

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Viamericas connects with FedNow for rapid cash-to-account transfer service

Finextra

Viamericas, a leading licensed money transmitter known for its international money transfer, bill payment, check processing, and top-up services, is proud to announce the launch of its rapid cash-to-account transfer service in the United States.

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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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Landbay Appoints Anna Macdonald as Non-executive Director

Fintech Finance

Award-winning buy-to-let lender Landbay has appointed Anna Macdonald to its board as an independent non-executive director. With over 20 years’ experience in institutional and wealth management, Anna is currently an investment manager at Aubrey Capital Management. She previously worked as a fund manager at Amati Global Investors and Henderson Global Investors.

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FIS: Lack of Branches, In-Person Service Keep Singaporeans Loyal to Traditional Banks

Fintech News

A recent survey by global payments service provider FIS has revealed that digital banks are making inroads in Singapore, with 43% of respondents indicating they are likely to try one in the next year. This comes in addition to the 29% who have already embraced digital banking. The survey, which polled over 1,000 retail banking customers, highlights the growing appeal of digital banks across all age groups.

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Klarna files for IPO

Payments Dive

The buy now, pay later company announced Tuesday it had filed confidentially with the Securities and Exchange Commission for an initial public offering.

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Cross-Border Payments Could Further Enable APP Fraud, Says Payments Association Study

Fintech Finance

Authorised Push Payment (APP) fraud continues to be one of the most pressing concerns for financial services, the payment industry, law enforcement and the general public – and new developments in cross-border payments may be making it easier. A new study by The Payments Association, the UK’s community and advocate for the payments industry, highlight how the speed and anonymity of cross-border payments, and the global patchwork of different regulatory regimes, is being exploited by criminals.

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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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Mastercard aims to kill passwords and manual card entry by 2030

Finextra

Mastercard has set itself the target of using tokenisation and biometrics to eliminate manual card entry, passwords and one-time codes for online purchases by 2030.

Visa 84
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Morgan Stanley Expansion Capital Makes $20 Million Investment in NovoPayment

Fintech Finance

Investment funds managed by Morgan Stanley Expansion Capital announced today an investment of $20 million in NovoPayment , a leading financial and payment infrastructure service provider specializing in delivering digital banking, payments and card solutions. The funding is expected to support NovoPayment’s continued scaling and expansion of commercial partnerships.

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Are innovations in cross-border payments enabling APP fraud?

Finextra

The Payments Association has warned that international criminals are making the most of innovations in cross-border payments to stash funds and evade detection when undertaking authorised push payment (APP) fraud.

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Viamericas Enhances Money Transfer Options With Real-Time Domestic Cash-to-Account

Fintech Finance

Viamericas , a leading licensed money transmitter known for its international money transfer, bill payment, check processing, and top-up services, is proud to announce the launch of its rapid cash-to-account transfer service in the United States. This new service revolutionizes how customers can make and receive cash transfers within the United States.

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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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What is a BIN in Payment Processing

Clearly Payments

In payment processing, one component of the payment processing tech stack involving credit or debit cards is the Bank Identification Number or BIN. Although BINs play a critical role in how payments are processed and authenticated, they often go unnoticed by the average consumer or merchant. For payment processors and financial institutions, however, understanding BINs is essential for smooth transaction processing, security, and even risk management.

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European mobile payment operators enable interoperability

Finextra

Bank-backed mobile payment operators from Italy, Spain and Portugal have pioneered interoperable money transfers, making it possible for users to conduct instant cross-border P2P transactions.

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‘Finfluencers’ Must Be Licensed When Providing Financial Advice, Says MAS

Fintech News

The Monetary Authority of Singapore (MAS) received fewer than five complaints annually over the past five years concerning online “finfluencers,” Parliament was told during a session. Most of these complaints involved remarks by individuals who did not provide financial advice and therefore did not fall under MAS regulation. MAS Board member Alvin Tan clarified that financial institutions using finfluencers for advertising must ensure information is presented clearly and in a balance

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Paymentology Announces Strategic Partnership with Zand Bank to Accelerate Fintech Growth in the UAE

Fintech Finance

Paymentology , the leading global issuer processor, has signed a referral partnership with Zand Bank , the UAE’s first fully licensed, all-digital bank. This collaboration focuses on expanding financial services for fintechs and startups, aiming to accelerate innovation and growth in the UAE. Since 2022, Zand Bank has empowered UAE and global corporate, institutional, and wealth clients to unlock new opportunities, foster sustainable growth, and drive positive impacts in the digital economy.

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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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States should fill in gaps in federal law to protect customer financial data - CFPB

Finextra

US states should assess gaps in their data privacy laws to ensure Americans are protected in an era when financial institutions are increasingly bidding to monetise their customers' data, according to the CFPB.

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FIS and Oracle Enhance Utility Billing Experience

Fintech Finance

Global financial technology leader FIS ® (NYSE: FIS) is announcing a collaboration with Oracle to bring enhanced billing and payment capabilities to Oracle’s utility customers. The FIS BillerIQ solution running on OCI will enable the roll out of electronic bill delivery and provide a seamless, end-to-end experience from meter consumption to payment.

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Mastercard to Phase Out Passwords by 2030 with Biometrics, Tokenisation

Fintech News

Mastercard announced plans to revamp online checkout procedures by 2030, aiming to eliminate manual card entry and passwords. Citing concerns about online fraud, which occurs at seven times the rate of in-store fraud, Mastercard proposes a system that relies on tokenisation and biometric authentication, such as fingerprints and facial recognition. This approach also seeks to address issues like cumbersome checkout processes, which currently lead to a 25% cart abandonment rate.

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Solidgate Partners with Nova Post to Power Its International Expansion

Fintech Finance

Solidgate , a payment processing platform that empowers businesses to scale across borders, announced its partnership with Nova Post — the Ukrainian leader in express delivery and logistics — to provide safe and seamless payment services for both businesses and individuals. Operating in 15 countries across the EU and the UK, Nova Post aims to offer a seamless and secure payment experience with the new partnership.

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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.