Payments Dive

NOVEMBER 6, 2024

Sunil Sachdev, Fiserv’s head of embedded finance, shed light on his company’s latest high-profile collaborations.

Embedded Finance 164

Embedded Finance Finance 164

PCI Security Standards

NOVEMBER 6, 2024

The PCI Security Standards Council (PCI SSC) is developing guidance to help stakeholders understand and implement the new e-commerce security requirements included in PCI Data Security Standard (PCI DSS) v4.x. Stakeholders have indicated that these requirements are complex for many entities to implement (including merchants validating to Self-Assessment Questionnaire (SAQ) A).

PCI DSS 124

PCI DSS Security Assessments Data Security 124

Fintech News

NOVEMBER 6, 2024

OCBC Bank has launched a new service allowing customers to send money instantly to users of WeChat Pay and Alipay in China. This makes OCBC the first bank in the Asia Pacific region to offer this capability. The service, available through the OCBC mobile banking app, uses Visa Direct to facilitate these peer-to-peer transfers, which now take mere seconds compared to the previous 2-5 days needed for traditional methods.

Cross-Border 119

Cross-Border Small Business Facilitators Mobile Banking 119

Fintech Finance

NOVEMBER 6, 2024

At the Singapore FinTech Festival 2024 , PayPay , Japan’s top QR payment operator, today announced an expanded partnership with Alipay+ , Ant International’s cross-border mobile payment and digitalisation technology solution, broadening its merchant coverage network across Japan. By working with local partners including PayPay, Alipay+ will now connect over 3 million local merchants to the global payment ecosystem, enabling local businesses and payment partners to provide global visitors s

Cross-Border 96

Cross-Border SARS eWallet Payments 96

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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?

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Fintech News

NOVEMBER 6, 2024

BCA Syariah, the Islamic banking arm of Bank Central Asia (BCA), has partnered with Thought Machine to modernise its services in Indonesia. Using Thought Machine’s cloud-based platform, Vault Core , BCA Syariah has launched new products like Wadiah savings accounts, e-wallet top-up, and a Hajj Fee Deposit service. The bank also plans to introduce term deposit products and gold financing in the near future.

SWIFT 115

SWIFT Product FinTech Finance 115

Fintech Review

NOVEMBER 6, 2024

Financial inclusion remains a global priority. Across emerging markets , millions of people lack access to essential banking services. Traditional banks, often limited by infrastructure costs, struggle to reach remote populations. In response, fintech companies are stepping up, using digital innovation to provide banking solutions to the unbanked and underbanked.

Financial Inclusion 94

Financial Inclusion FinTech Online and Mobile Banking Cross-Border Payments 94

Fintech Finance

NOVEMBER 6, 2024

XMDS Holding , renowned for its flagship company Ximedes, a pioneer in software solutions for FinTech and FareTech, proudly announces the launch of XPP. XPP becomes the umbrella organisation under which the specialised payment solutions Vayapay, Ginger Payments, KUARIO, and Pecunda operate. This strategic combination strengthens these proven solutions in their specific markets, from education and public facilities to public transport and financial services.

Embedded Payments 96

Embedded Payments Payment Solutions Payments Posting 96

Fintech News

NOVEMBER 6, 2024

Liquid Group, a digital payment solutions provider, announced the launch of roamQR, a new QR payment switch solution designed to simplify cross-border payments across the Asia Pacific region. Building on the success of the SGQR+ initiative led by the Monetary Authority of Singapore (MAS), roamQR will enable interoperability between various e-wallets, mobile payment apps, and national QR networks.

PCI DSS 97

PCI DSS Cross-Border Payments Interoperability Push-to-Card 97

Fintech Finance

NOVEMBER 6, 2024

The UK’s largest independent payments broker Accept Cards has today launched an innovative cash payments solution to respond to SME demand for instant, affordable cash deposits which underpin cash flow stability. Accept Cash will utilise Smart Safe technology so that businesses can deposit into a smart safe and settle to their bank account the same day, creating the most convenient way to bank when bank branches are closing and the Post Office fight with the growing demand – helping to su

Payments 96

Payments Settlement On-Demand Bank Closure 96

Fintech News

NOVEMBER 6, 2024

Crypto.com announced that it will soon offer banking access, credit cards, and stock trading services through its network of companies. This expansion is bolstered by its new “Level Up” rewards programme, designed to provide comprehensive benefits across its growing suite of financial services. The Level Up programme introduces a multi-tiered rewards system that enhances benefits for users of both Crypto.com ’s current offerings and its new ventures.

Credit Cards 97

Credit Cards Push-to-Card Returns Compliance 97

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

TechCrunch Fintech

NOVEMBER 6, 2024

The Federal Trade Commission (FTC) announced on Tuesday it will be taking action against the online cash app and neobank Dave, which it says used “misleading marketing to deceive consumers.” At issue is how Dave marketed $500 cash advances to consumers that it rarely offered, and the “Express Fee” it charged if customers wanted their […] © 2024 TechCrunch.

FTC 92

FTC Federal Trade Commission Consumer Government 92

Fintech News

NOVEMBER 6, 2024

Ant International is employing advanced artificial intelligence (AI) technologies to streamline and secure cross-border transactions for nearly 100 million SMEs across over 200 markets. One of its key innovations is an AI-powered foreign exchange (FX) model capable of predicting currency exchange rates hourly. This enhanced precision helps reduce transaction costs for merchants, offering them greater financial flexibility.

Cross-Border 107

Cross-Border AI Deepfake Transactions 107

Fintech Finance

NOVEMBER 6, 2024

Checkout.com , a leading global digital payments provider, today announced a new partnership with insurance technology leader, Sure , to improve the digital experience for consumers accessing insurance products, by boosting payments performance. The move is set to transform Sure’s digital payments strategy and support its Fortune 500 partners, enabling them to grow in the digital economy.

Fraud Detection 90

Fraud Detection Payments Debit Card Digital Payments 90

Fintech News

NOVEMBER 6, 2024

ASEAN’s fintech sector has seen remarkable growth, with funding rising more than tenfold since 2015, according to the Fintech in ASEAN 2024 report launched today by UOB , PwC Singapore, and the Singapore Fintech Association. This growth, largely seen in payments and alternative lending, is set to advance further with the integration of Generative AI and quantum computing.

FinTech 96

FinTech Federal Reserve Cross-Border Innovation 96

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

Clearly Payments

NOVEMBER 6, 2024

The payment processing market in the United States has demonstrated robust growth, driven by rising consumer demand for digital payments, advancements in financial technology, and the expansion of e-commerce. This report provides a comprehensive analysis of the U.S. payment processing landscape, covering market size, merchant demographics, transaction volumes, major players, and key trends shaping the industry.

Process 81

Process ISOs Credit Cards Online and Mobile Banking 81

Fintech News

NOVEMBER 6, 2024

Jeel, the digital innovation arm of Riyad Bank, and audax Financial Technology , backed by Standard Chartered, have announced a strategic partnership to modernise Saudi Arabia’s banking sector. This collaboration combines Jeel’s technological expertise with audax’s digital banking solutions, aiming to enable digital transformation for financial institutions that operate in Saudi.

Non-Bank 95

Non-Bank Underwriting Real Time Payments Facilitators 95

Finextra

NOVEMBER 6, 2024

NatWest has partnered with Capco, the global management and technology consultancy, to ensure a smooth transition for its systems and clients as the financial industry moves to adopt ISO 20022 for payments and reporting.

ISO 20022 80

ISO 20022 ISOs Consulting Technology 80

Fintech News

NOVEMBER 6, 2024

Global payments infrastructure provider Nium has expanded its partnership with Kinexys by J.P. Morgan (formerly Onyx) to enhance cross-border payment accuracy in Malaysia, Thailand, and Hong Kong, This makes Nium the first fintech to provide data for validating bank account details in these markets. Nium Verify, a service offering insights into account beneficiaries, now integrates with Confirm, Kinexys’ global account validation platform.

Cross-Border Payments 106

Cross-Border Payments Cross-Border Account Validation Credit Union 106

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

Fintech Finance

NOVEMBER 6, 2024

NatWest has partnered with Capco , the global management and technology consultancy, to ensure a smooth transition for its systems and clients as the financial industry moves to adopt ISO 20022 for payments and reporting. The collaboration facilitates customer, operational and infrastructure opportunities through the development of Bankline Direct Digital, the new strategic ISO 20022 compliant cloud-based architecture behind Bankline Direct.

ISO 20022 85

ISO 20022 ISOs Online and Mobile Banking Payments 85

Fintech News

NOVEMBER 6, 2024

Taiwan is showcasing its fintech capabilities at the Singapore Fintech Festival 2024 for the sixth year running. FintechSpace, Taiwan’s premier fintech accelerator backed by the Financial Supervisory Commission and the Taiwan Financial Services Roundtable, has brought a delegation of innovative companies to the global event. This year’s delegation features 11 fintech companies and 11 financial institutions, showcasing Taiwan’s growing strength in the field.

FinTech 104

FinTech Fraud Prevention On-Demand Facilitators 104

Fintech Finance

NOVEMBER 6, 2024

Visa , a global leader in digital payments, today announced collaborations with QR payment providers to allow consumers to use their digital wallets to scan and pay at point-of-sale QR when they travel abroad. The pilot program will begin in Singapore, with more to be rolled out across the region in the coming year. Utilising its network expertise, Visa will enable consumers to use their everyday payment apps to scan and pay at QR merchants whether at home or abroad.

Cross-Border Payments 81

Cross-Border Payments Cross-Border Payments Financial Inclusion 81

Fintech News

NOVEMBER 6, 2024

Network for Electronic Transfers ( NETS ) has announced the islandwide rollout of SGQR+, an enhanced version of Singapore’s national QR code standard. Following a successful proof of concept (POC) conducted in November 2023 during the Singapore Fintech Festival , SGQR+ simplifies digital payments by enabling businesses to accept multiple payment schemes through a single QR code.

Interoperability 103

Interoperability Cross-Border Payments Reconciliation Participant 103

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Fintech Finance

NOVEMBER 6, 2024

A new nationwide survey conducted by research firm Insight Intelligence in partnership with Trustly , Adyen , Swedbank , and PostNord Strålfors , reveals significant changes in the payment habits of Swedes over the past decade. The survey highlights that more than 98% of Swedes now rely on direct payment solutions from the three leading brands in the space.

Payments Trends 80

Payments Trends Payments Payment Solutions Continuity 80

Fintech News

NOVEMBER 6, 2024

Deutsche Bank’s multi-chain asset servicing pilot, Project DAMA 2, has taken a huge step forward with technical contributions from Memento Blockchain and Interop Labs. This initiative, part of the Monetary Authority of Singapore’s (MAS) Project Guardian , aims to advance operating models for digital asset management, fund distribution, and servicing through blockchain technology.

Interoperability 87

Interoperability Blockchain AML Audit 87

Fintech Finance

NOVEMBER 6, 2024

As payments become more intricate, Mastercard today announced the latest enhancement to its new Mastercard Payment Passkey Service which enables secure, on-device biometric authentication through facial scans or fingerprints, the same way consumers unlock their phones every day. By combining the fraud-busting powers of tokenization, convenience of payment passkeys, and the addition of streamlined guest checkout capability courtesy of Click to Pay, consumers can now enjoy seamless, one-click chec

Visa 80

Visa APACS Transactions Authentication 80

Fintech News

NOVEMBER 6, 2024

The Global Finance & Technology Network ( GFTN ) has announced a partnership with Ecosystm to develop its global research, learning, and advisory platform. This marks Ecosystm as GFTN’s first structural partner in its goal to strengthen financial services in emerging markets. Over the past eight months, GFTN has collaborated with Ecosystm’s Amit Gupta and Ullrich Loeffler to address key challenges in the financial sector.

Research 90

Research Addressing FinTech Innovation 90

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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

Finovate

NOVEMBER 6, 2024

API platform Speakeasy has secured $15 million in Series A funding. The company will use the capital to expand its product offerings, accelerate its roadmap, and hire additional talent. Headquartered in San Francisco, California. Speakeasy made its Finovate debut at FinovateFall in New York this year, In a round led by FPV Ventures, API platform Speakeasy has raised $15 million in Series A funding.

API 69

API Best Practices Automation Facilitators 69

Fintech News

NOVEMBER 6, 2024

Ant International is teaming up with industry partners to create a new tool to help small businesses in Asia become more sustainable. Called the “MSME Sustainability Impact Scorecard” (MSME S-Card), this digital solution will make it easier for these businesses to track their environmental and social impact. The scorecard is part of Ant International ‘s broader Programme Sirius initiative, which focuses on helping MSMEs adopt sustainability practices in line with global standar

Small Business 69

Small Business Credential Addressing Automation 69

Finextra

NOVEMBER 6, 2024

JP Morgan has rebranded its Onyx blockchain unit as Kinexys by JP Morgan as the banking giant prepares to bring the technology into mainstream financial services.

Blockchain 69

Blockchain Technology 69

Fintech News

NOVEMBER 6, 2024

Singapore-headquartered payment institution FOMO Pay has partnered with global financial services provider BNY to enhance USD payment services for corporate clients. The agreement allows FOMO Pay to streamline USD payments by leveraging BNY’s direct clearing capabilities, global reach, and expertise to improve the speed and efficiency of cross-border transactions.

Multi-Currency 86

Multi-Currency Cross-Border APACS Financial Inclusion 86

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