Payments Dive

JANUARY 10, 2024

“I would be surprised if it takes longer than the middle of [2024] to roll out payments,” X owner Elon Musk said during a conversation last month with Ark Invest CEO Cathie Wood.

Payments 179

Payments 179

PCI Security Standards

JANUARY 10, 2024

Collaboration is at the heart of the PCI Security Standards Council’s mission to help secure payment data globally. As a global forum, the Council brings together payments industry stakeholders to develop and drive implementation of data security standards and resources for safe payments worldwide. We seek involvement from all sectors of the payment card industry - merchants, service providers, banks, processors, hardware and software developers, point-of-sale vendors, etc. - to help secure paym

Participant 109

Participant Processors Data Security Payments Data 109

Payments Dive

JANUARY 10, 2024

The buy now, pay later provider catering to gun sellers didn’t inform consumers of potential convenience fees, the state agency said.

Consumer 154

Consumer 154

The Fintech Times

JANUARY 10, 2024

Over half of financial organisations (55 per cent) have prioritised cybersecurity above all else for the coming year, according to new research from IT infrastructure provider Softcat. Softcat has released its annual Business Tech Priorities Report , exploring the top tech investments the financial sector is prioritising in the year ahead. The findings form part of a report based on the views of more than 4,000 customers from 2,900 organisations in the UK and Ireland, across 27 industries in bot

Cybersecurity 120

Cybersecurity AI Risk End User 120

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

Payments Dive

JANUARY 10, 2024

As the card network behemoth ventures into the Web3 experience, some firms are scaling back there.

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178

Fintech News

JANUARY 10, 2024

Indian payment firm Paytm ‘s parent company One97 Communications Limited (OCL) announced that it will invest Rs 100 crore (US$ 12 million) in Gujarat International Finance Tec-City (GIFT City). The investment, which will be made over a certain period, is still pending necessary approvals. Prime Minister Narendra Modi shared last year that India intends to expand the role of GIFT City to make it a new age financial services and technology nerve center.

Cross-Border 112

Cross-Border AI Real Time Payments Settlement 112

Basis Theory

JANUARY 10, 2024

Payments become delinquent when they are not made according to a pre-agreed schedule. Almost by definition, then, they are almost always associated with recurring payments: loan payments, periodic payments toward subscriptions, and so forth. While payments for one-off purchases either complete successfully or don’t, payments for ongoing commitments can easily become delinquent under a range of circumstances.

Addressing 88

Addressing Payments Risk 88

Fintech News

JANUARY 10, 2024

Effective digital identity solutions for banks are essential to prevent fraud and spoofing. This becomes intertwined with Anti-Money Laundering (AML) and behavior analysis in recent times. As we navigate this evolving landscape, staying up to date with trends becomes important. The rise of Artificial Intelligence presents a significant opportunity for innovative solutions in various sectors, including financial services.

AML 115

AML Money Laundering Authentication Procedures 115

FloQast

JANUARY 10, 2024

It might be almost four years later, but the events of 2020 should still be fresh in everyone’s minds. Yes, there was the mass shift to working from home, quarantining, etc…but it was also an incredibly tumultuous time for businesses, as well. Many struggled; some failed. But at the same time, a ton of companies — anticipating and preparing for the worst — found themselves moving in the opposite direction.

Accounts 94

Accounts Reconciliation Compliance Close Processes 94

Fintech News

JANUARY 10, 2024

Oona Insurance, a digital general insurance platform in Southeast Asia set up by Warburg Pincus , announced the appointment of Vincent C. Soegianto as the new CEO for its operations in Indonesia. A veteran in the financial services industry, Soegianto, is currently undergoing a Fit and Proper Fest (FPT) process at Indonesia’s Financial Services Authority (OJK).

Treasury Management 112

Treasury Management Treasury Authorization Innovation 112

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

JANUARY 10, 2024

Digital payments has become a core foundational capability with the growth of the internet and mobile devices. People want convenience, speed, and security rolled into a simple user experience. They want to easily pay anytime, anywhere, in whatever way they want. Payments has also become a new business model and revenue stream for businesses, particularly software and SaaS businesses.

Processors 88

Processors ISOs Embedded Finance Payments 88

Fintech News

JANUARY 10, 2024

Since its introduction its in November, Singapore’s “Money Lock” feature has been activated on approximately 38,000 account holders, with over S$3.2 billion of savings set aside. This security measure allows customers to isolate a portion of their funds, making them inaccessible for digital transfers, thereby adding a crucial layer of protection against cyber fraud.

Accounts 106

Accounts Scams Phishing Payee 106

NFCW

JANUARY 10, 2024

GATWICK AIRPORT: The new contactless forecourt combines 30 EV charging bays and a ‘Just Walk Out’ powered convenience store Sustainable energy provider Gridserve has opened an electric vehicle charging station at London’s Gatwick Airport that combines thirty vehicle charging bays with a convenience store that uses Amazon’s Just Walk Out technology and a Costa Coffee outlet that allows drivers to pre-order and pay for a coffee that can then be delivered to their charging b

Contactless Payments 81

Contactless Payments Returns Technology Innovation 81

Fintech News

JANUARY 10, 2024

Lendela, a Singapore-based fintech firm specialising in loan matchmaking, announced the appointment of Bryan Tay , a former national swimmer and Olympian, as its new Singapore Country Head. Bryan Tay Tay will be responsible for managing the company’s business relationships with both bank and non-bank lenders in Singapore. This role encompasses the expansion of Lendela’s customer and partner relations.

FinTech 106

FinTech Non-Bank Participant Posting 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

Bank Automation

JANUARY 10, 2024

Grasshopper Bank is looking to AI for internal and external uses as the technology is expected to streamline manual employee tasks and improve the overall client experience. The New York-based digital bank is taking a cautious approach to AI, Grasshopper Chief Executive Mike Butler told Bank Automation News.

AI 80

AI Automation Technology Treasury 80

Fintech News

JANUARY 10, 2024

Apple Inc. has removed several major offshore crypto exchanges namely Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex from its App Store in India. According to CoinDesk , this action follows closely on the heels of compliance notices issued to these entities by India’s Financial Intelligence Unit (FIU). Notably, OKX, another offshore cryptocurrency exchange, was also removed from Apple’s India App Store, despite not receiving a compliance notice.

Money Laundering 111

Money Laundering Blocks Compliance Cryptocurrency 111

Bank Automation

JANUARY 10, 2024

Naveed Anwar, managing director and global head of digital and data platforms at Citi Treasury and Trade Solutions, will be featured in a fireside chat at Bank Automation Summit U.S. 2024 on Monday, March 18, at 2:15 p.m. CT, to discuss how AI is transforming the industry.

Automation 78

Automation Treasury AI 78

Fintech News

JANUARY 10, 2024

Data cloud company Snowflake has named Vijayant Rai as its new Managing Director for its operations in India, according to Times of India. Rai’s predecessor, Vimal Venkatram, has transitioned to a regional role within Snowflake and is now based in Singapore. Vijayant Rai In his new role, Rai’s responsibilities will encompass steering the company’s strategy, sales, and overall execution in India.

Facilitators 105

Facilitators AI Finance FinTech 105

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Bank Automation

JANUARY 10, 2024

Digital bank Arc launched a venture debt financing platform to fill a gap in the market that surfaced during the 2023 banking crisis. When Silicon Valley Bank collapsed in March, the venture debt marketplace was left underserved, which “unlocked this market opportunity for [Arc],” Chief Executive Don Muir told Bank Automation News.

Finance 78

Finance Underserved Transactions Automation 78

Fintech News

JANUARY 10, 2024

The Singapore Police Force (SPF) has received over 670 reports concerning funds remitted to China that were subsequently frozen, as of 15 December 2023. In response to these incidents, the Monetary Authority of Singapore (MAS) and SPF are actively seeking information from Chinese authorities to understand the underlying reasons and concerns that have led to the freezing of these recipient bank accounts in China.

Authorization 111

Authorization Business Day Adjustments Breach 111

NFCW

JANUARY 10, 2024

PAYMENTS: The system allows drivers to tap the pump with an NFC phone to start the billing process without needing a data connection More than 12,000 Exxon and Mobil gas stations across the US are to begin accepting contactless in-vehicle fuel payments via Car IQ , a fleet payment platform that “eliminates the hassle of fleet credit cards, and instead authorizes merchants to accept payments directly from vehicles.” Car IQ Pay provides “an easier way to pay for fuel, by connecti

Credit Cards 74

Credit Cards Disputes Reconciliation Mitigation 74

Finextra

JANUARY 10, 2024

Nubank customers in Mexico can now receive money from the United States via WhatsApp thanks to a partnership between the digital banking giant and Felix Pago

Payments 78

Payments 78

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Payments

The Fintech Times

JANUARY 10, 2024

Latin America (LatAm) has established itself as one of the best regions when it comes to fintech innovation, with many other countries and regions looking to emulate its success. Although the number of innovators and innovations continues to grow, there is not enough capital to accelerate all of their developments – this is where corporate venture capital (CVC) from abroad can become a lifeline.

Financial Inclusion 72

Financial Inclusion Economy Innovation Debit Card 72

Finextra

JANUARY 10, 2024

Social media platform X, formerly known as Twitter, says it will introduce peer-to-peer payments this year.

P2P 96

P2P Payments 96

Payments Dive

JANUARY 10, 2024

The cross-border payments company has boosted marketing to build up its remittance clientele.

Cross-Border Payments 88

Cross-Border Payments Cross-Border Payments 88

CoinRemitter

JANUARY 10, 2024

A popular and much-awaited approval of a spot Bitcoin ETF has grabbed headlines. The U.S. Securities and Exchange Commission (SEC) has officially approved a Spot Bitcoin Exchange-Traded Fund (ETF). Spot Bitcoin ETF: A Brief Introduction A spot Bitcoin ETF is traded on stock exchanges. It holds Bitcoin as a primary asset. It is a way of investing in Bitcoin without actually owning it.

Bitcoin 75

Bitcoin Cryptocurrency On-Demand Volume 75

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Finextra

JANUARY 10, 2024

VoPay, a leading provider of embedded financial technology solutions, has launched VoPay Verify, an Instant Bank Account Verification solution via microtransactions – pioneering the first-of-its-kind service in Canada and the United States.

Microtransactions 69

Microtransactions Verification Accounts Transactions 69

The Paypers

JANUARY 10, 2024

The social media platform X has announced plans to launch peer-to-peer payment business, aiming to allow more user utility and new opportunities for commerce.

Payments 78

Payments 78

Finovate

JANUARY 10, 2024

We are only three days into this week, and we’ve already seen a huge wave of fintech funding announcements come in. In fact, there have been not one, not three, not five, but 10 fintech companies that have secured substantial funding rounds this week. This surge signals a promising comeback, hinting at a possible resurgence of venture funding in the fintech sector for 2024.

FinTech 64

FinTech Cross-Border BNPL Payment Networks 64

The Fintech Times

JANUARY 10, 2024

Shortly after HM Revenue and Customs (HMRC) set out to clamp down on tax avoidance by forcing online sellers to file a self-assessment tax return at the end of the financial year, national accounting firm UHY Hacker Young warns that those holding and selling crypto assets could also be affected. HMRC has already sent out 8,329 ‘nudge’ letters to individuals suspected of owing Capital Gains Tax on their cryptocurrency assets; according to UHY Hacker Young.

Cryptocurrency 64

Cryptocurrency Rules Authorization Assessments 64

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.

Embedded Finance