Fri.Aug 02, 2024

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Outdated tech could slow instant payment adoption: survey

Payments Dive

Financial institutions expect business clients to be a driver of instant payment revenue, but adopting the technology comes with hurdles, the results of a recent survey showed.

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TreviPay’s Joel Campbell Named ‘CFO of the Year’ by Kansas City Business Journal

Fintech Finance

TreviPay’s Joel Campbell has been named as the 2024 CFO of the Year by the Kansas City Business Journal. The annual CFO of the Year award program recognizes financial professionals in the Kansas City region for outstanding performance in their roles as corporate financial stewards. The winners will be honored during an awards event today at Loews Kansas City Hotel.

Audit 111
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Credit Card Competition proposal should become law

Payments Dive

“In the aftermath of the CrowdStrike outage, Congress and state lawmakers should look for opportunities to build backups and redundancies into critical online systems,” writes a payments consultant.

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SME Finance Taskforce announces plan boost UK economic growth

Finextra

The SME Finance Taskforce has released its cation plan to boost the UK economy by speeding up lending and access to finance for 5.5 million SMEs.

Finance 103
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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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SME Neobank Ampere Announces Partnership With Mastercard to Streamline Financial Solutions

Fintech Finance

Ampere , the neobank providing all-in-one financial services for SMEs, has today announced its partnership with Mastercard to expand its services and transfers offering, marking a milestone in its mission to streamline financial solutions for SMEs. Ampere is now at the forefront of the Neobanking industry enabling its customers access to card-to-card payments, which converts over 60 different currencies at a faster and cheaper rate than traditional banking systems.

Visa 98
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U.S. Bank readies AI-driven cash forecasting tool

Bank Automation

U.S. Bank is developing AI-driven solutions for its business clients, with its latest efforts targeting the launch of an AI-driven cash-forecasting tool. Major financial institutions like Bank of America, Citizens Bank and PNC Bank have already deployed cash-forecasting solutions.

AI 78

More Trending

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Inside Cambridge Savings Bank’s 3-year digital roadmap

Bank Automation

Cambridge Savings Bank is executing a three-year digital roadmap with automation, client experience and modern platforms at the forefront of the effort. “Our mandate is digitize everything right now as much as we can,” Chief Operating Officer Kevin McGuire told Bank Automation News. As the Cambridge, Mass.

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Trust Payments Accelerates Past £1bn+ Milestone in Monthly Processing Volumes Thanks to Diversified Portfolio

Fintech Finance

Trust Payments , a global leader in customer commerce solutions, has surpassed the £1bn+ milestone in monthly processing volumes for the first time in its five-year history. The company reached over £1bn+ volume in July 2024 driven by the company’s diversified technology portfolio spanning payments, commerce and data. Daniel Holden, CEO Of Trust Payments, said: “Accelerating past the £1bn+ milestone is a huge testament to our compelling proposition in the market, driven by a hyper focus on

Volume 102
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PSR Reveals Huge Disparity in How Banks Approach to APP Fraud Claims

The Fintech Times

In 2023, Authorised Push Payment (APP) scams totalled just shy of £341million in the UK, with new research highlighting that reimbursement varies significantly depending on who consumers bank with. These findings come from the latest performance report by the Payment Systems Regulator (PSR), tracking the performance of payment firms in tackling APP scams and reimbursing victims in 2023.

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ComplyTek Introduces Advanced Transaction Screening for Instant Payments

Fintech Finance

ComplyTek introduces an advanced transaction screening solution for instant payments , designed to ensure compliance and mitigate fraud within the critical 10-second processing window. Leveraging machine learning and AI, the platform offers comprehensive monitoring and fraud detection capabilities. ComplyTek’s advancements in AI have significantly contributed to its recent industry recognition.

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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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Access PaySuite Survey Paints a Mixed Picture for Pay-by-Bank Adoption

The Fintech Times

Open banking payments adoption rates are increasing, according to the latest report from Access PaySuite , the payments solutions provider. Since its launch in 2018, the adoption of open banking payments has also grown. A number of businesses have already listed it on their websites including lenders (42 per cent), building societies (17 per cent), and credit unions (11 per cent).

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People's Clearinghouse partners with Interledger Foundation

The Paypers

People’s Clearinghouse has announced its partnership with the Interledger Foundation in order to launch a digital cross-border payment infrastructure project.

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Flutterwave’s Expansion into Ghana Bolstered by New Payment Service Licence

The Fintech Times

Flutterwave has secured a payment service provider licence from the Bank of Ghana , marking an expansion of its operations in Africa. This licence lets the company offer a range of payment services directly within and through Ghana. Ghana’s tech-savvy youth population and high mobile internet penetration ideally position the country for digital growth.

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PSR addresses APP scams in new report

The Paypers

The Payment Systems Regulator (PSR) has published its latest report on the performance of payment firms in addressing Authorised Push Payment (APP) scams for the year 2023.

Scams 69
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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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EU Launches AI Act: Offenders Must be Made an Example Of Explains Industry

The Fintech Times

The European Union ‘s latest AI Act, published yesterday, reflects the forward-thinking and innovation-driven attitude of the region as it looks to regulate the way organisations develop, use and apply artificial intelligence (AI). First proposed in 2020, the regulators aim to govern the AI space in Europe by establishing the level of risk AI has on a company based on how it is used.

AI 59
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Tuum forms partnership with ComplyAdvantage,

Finextra

Tuum, a leading next-generation core banking platform, is proud to announce its partnership with ComplyAdvantage, a leader in financial crime intelligence.

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Bouncing Back

Green.Money

Life is a journey, not a straight path. Sometimes, even the most driven entrepreneurs find themselves in a period of downtime, whether due to burnout, personal reasons, or simply taking a well-deserved break after a successful run. If you’ve accumulated some wealth from past successes, stepping away might have felt like the right choice at the time.

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Iress sells UK mortgage business

Finextra

Iress (IRE: ASX) today announces it has completed the sale of its UK Mortgage Sales & Originations (“Mortgages”) business to Bain Capital Tech Opportunities LP (“Bain Capital”).

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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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The ECB and EBA report reveals EUR 4.3 billion in fraud payments

The Paypers

The European Central Bank (ECB) and the European Banking Authority (EBA) have published a collaborative report on payment fraud data.

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Pidgin and ICBA Payments partner to offer instant payments to community banks

Finextra

Pidgin, a secure, real-time payments platform built for the future of payments, has partnered with ICBA Payments, the payments subsidiary of the Independent Community Bankers of America (ICBA), to offer instant payments to the nation’s community banks.

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Paysign, Inc. Reports Second Quarter 2024 Financial Results

The Nilson Report

The post Paysign, Inc. Reports Second Quarter 2024 Financial Results appeared first on Nilson Report.

Posting 52
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Shawbrook picks nCino to help automate loan origination processes

Finextra

nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, announced that Shawbrook has chosen nCino to help automate its loan origination processes, while expanding portfolio management capabilities through nCino’s cloud-based platform.

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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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Accelerate Payment Collection: Embrace ‘Instant A2A Payments’ with GoCardless and Chargebee

Chargebee

Card payments have always incurred more processing fees than Account-to-Account (bank-based) payments. But with cards, you and your customers get the convenience of instant confirmation. You both know right away if the payment is successful, and if not, the customer can quickly try a different payment method and complete the checkout.

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Neobank Ampere inks Mastercard agreement

Finextra

Ampere, the neobank providing all-in-one financial services for SMEs, has today announced its partnership with Mastercard to expand its services and transfers offering, marking a milestone in its mission to streamline financial solutions for SMEs.

Visa 52
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Finastra partners with Tech Mahindra

The Paypers

Finastra has announced its partnership with Tech Mahindra in order to accelerate the process of digital development for corporate banks and financial institutions.

Process 41
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Mansa launches trade finance and cross-border payments for emerging markets

Finextra

Mansa, the pioneering decentralised finance (DeFi) fintech providing liquidity to multinational exports and cross-border payments for companies in emerging markets, today announced the launch of its first pool on Base.

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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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PayPoint announces Love2Shop distribution with InComm Payments

The Paypers

PayPoint has announced a new distribution partnership with InComm Payments to expand Love2shop gift card availability, further strengthening their long-standing relationship.

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Edge computing company inq. prepares for pan-African play

Finextra

In a strategic move aimed at enhancing client experience, inq., a global leader in Edge solutions, has directed its efforts on better servicing clients through South Africa, a key region with a significant presence of multinational corporations. This aligns with the new group-level strategy to leverage South Africa's robust market landscape, ensuring that its diverse client base expectations are exceeded through the concentration of efforts in the region.

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UK Law Commission calls for new legal category for digital assets

The Paypers

The UK Law Commission has released a report in which it proposes legal reforms to better protect the unique features of digital assets.

Legal 41
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BNP Paribas begins negotiations to acquire AXA Investment Managers

Finextra

The BNP Paribas Group announces today that it has entered into exclusive negotiations with AXA to acquire 100% of AXA Investment Managers (AXA IM), representing close to €850bn1 assets under management, together with an agreement for a long-term partnership to manage a large part of AXA’s assets.

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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.