Finextra
NOVEMBER 13, 2024
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.
Fintech News
NOVEMBER 13, 2024
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.
Bank Automation
NOVEMBER 13, 2024
Texas-based fintech Alkami is seeing its network of bank partners grow. “In the third quarter, we signed nine new digital banking clients, including six credit unions and three banks,” Alex Shootman, chief executive at Alkami, said during the fintech’s Q3 earnings call on Oct. 30. “We also renewed 14 clients, with several clients extending to […] The post Transactions: Alkami’s recent wins appeared first on Bank Automation News.
Fintech News
NOVEMBER 13, 2024
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.
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
Finextra
NOVEMBER 13, 2024
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.
Fintech News
NOVEMBER 13, 2024
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.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Stax
NOVEMBER 13, 2024
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.
The Payments Association
NOVEMBER 13, 2024
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.
Fintech Finance
NOVEMBER 13, 2024
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.
Fintech News
NOVEMBER 13, 2024
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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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?
Fintech Finance
NOVEMBER 13, 2024
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.
Fintech News
NOVEMBER 13, 2024
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.
Fintech Finance
NOVEMBER 13, 2024
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.
Finextra
NOVEMBER 13, 2024
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.
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
NOVEMBER 13, 2024
PayerMax , a leading global provider of payment solutions, has been named Best Payments Solutions Provider of 2024 by MEA Finance magazine at an award ceremony hosted on November 12 in Dubai. The award is a testament of PayerMax’s success in providing exceptional financial technology services to clients in the Middle East and Africa, as well as its leadership position in payment solutions.
Payments Dive
NOVEMBER 13, 2024
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.
Fintech Finance
NOVEMBER 13, 2024
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.
Basis Theory
NOVEMBER 13, 2024
We review the different options merchants have for payment tokenization and give our recommendation! Tokenize your payments today!
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.
Fintech Finance
NOVEMBER 13, 2024
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.
Fintech News
NOVEMBER 13, 2024
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.
Fintech Finance
NOVEMBER 13, 2024
Mollie , one of Europe’s fastest-growing financial service providers, has enabled Tap to Pay on iPhone for its customers. This allows businesses of all sizes to use the Mollie app on iPhone to accept contactless payments without the need to purchase or manage additional hardware. Tap to Pay on iPhone is now available to Mollie’s 200,000 customers in The Netherlands, France and Germany, allowing them to unlock the benefits of Tap to Pay on iPhone instantly through the Mollie app.
Payments Dive
NOVEMBER 13, 2024
The buy now, pay later company announced Tuesday it had filed confidentially with the Securities and Exchange Commission for an initial public offering.
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.
Fintech Finance
NOVEMBER 13, 2024
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.
Fintech News
NOVEMBER 13, 2024
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
Fintech Finance
NOVEMBER 13, 2024
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.
Finextra
NOVEMBER 13, 2024
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.
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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.
Fintech Finance
NOVEMBER 13, 2024
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.
Finextra
NOVEMBER 13, 2024
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.
Fintech Finance
NOVEMBER 13, 2024
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.
Clearly Payments
NOVEMBER 13, 2024
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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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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