Finextra

JUNE 28, 2024

Thousands of Barclays, HSBC, Nationwide and Virgin Money customers have been hit by a payments problem that has seen some people not receiving their salaries.

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Payments 144

The Payments Association

JUNE 28, 2024

New regulations will cap overdraft fees, drastically reducing them from around $30 to approximately $3, significantly impacting banks' revenue streams.

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Card Issuer Debit Card Issuers Caps 88

Finextra

JUNE 28, 2024

Point72 Ventures has fired five of their investors, three from fintech and two from their digital assets team, according to two sources with knowledge of the situation.

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FinTech 107

Open Banking

JUNE 28, 2024

Open Banking Limited (OBL) is pleased to announce the publication of the Open Banking Standard version 4.0, following approval by the Trustee. This is the first major release since 2018 and includes important mandatory updates to the security profile and widely recognised international messaging standards (ISO 20022). The release also includes optional updates to improve information flows (payment status and error messaging).

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ISO 20022 ISOs Consulting Message Standards 92

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

Payments

Finezza

JUNE 28, 2024

India, a rapidly growing economy with over 1.4 billion people, faces significant challenges in financial inclusion. Since independence, its banking sector has evolved through four distinct phases: Pre-social banking (1950-1969), Social banking (1969-1990), and two Liberalisation periods (1990-2005, 2005-present). Despite rigorous efforts to attain financial inclusion, around 11% of India’s adult population is underbanked even […] The post Unlocking Opportunities: Loan Management Systems an

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Financial Inclusion Economy Posting 86

Fintech Finance

JUNE 28, 2024

Alex Hoffmann brings three decades of experience in scaling payments and driving innovation to Edenred Pay North America, leading the growth of its market-leading Invoice-to-Pay solutions. Based in Florida, he reports to Gilles Coccoli, Chief Operating Officer of Payment Solutions & New Markets. Alex Hoffmann began his career with McKinsey in Belgium and California before joining PayPal Europe’s senior leadership team, where he launched its first-generation BNPL products and served as

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BNPL PayPal Innovation Product 95

Finextra

JUNE 28, 2024

In a dramatic move, the Court of Justice of the European Union (CJEU) has ruled that ABC Projektai can regain their banking licence after it being revoked by the Bank of Lithuania.

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Rules 72

Bank Automation

JUNE 28, 2024

Fintech funding has hit a four-year low, but venture capitalists believe that it will slowly return to a pre-pandemic normal, Carey Ransom, managing director of venture capital firm BankTech Ventures, told Bank Automation News. “Things got very frothy in 2021 and 2022 due to the liquidity in the market,” Ransom said.

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FinTech Returns Automation 64

Finextra

JUNE 28, 2024

Visa Foundation is supporting women in growing their small businesses and making them more resilient, increasing economic mobility and creating wealth for themselves.To learn more about the financial inclusion efforts made by the organisation, Finextra spoke to Najada Kumbuli, vice president and head of investments at Visa Foundation.

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Financial Inclusion Small Business 72

Bank Automation

JUNE 28, 2024

Financial institutions can look to ISO 20022 standard for payments data to identify patterns in payments and transactions to more easily flag fraud, Jenny Winther, head of payment schemes at Sweden-based Handelsbanken, said today during Volante’s “From mandates to modernization: Payment as a Service strategies for European banks” webinar.

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ISO 20022 ISOs AI Payments Data 64

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Finextra

JUNE 28, 2024

Pride month is coming to a close, with the main celebrations continuing into this weekend in London. Pride is about much more than parades, parties, and rainbows. It is about the practical process of acceptance and inclusion of LGBTQIA+ identities, even in the fintech workplace.

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FinTech Continuity Process 69

The Fintech Times

JUNE 28, 2024

This June at The Fintech Times, we’re focusing on diversity, equity and inclusion (DEI). No longer just a trending topic but an essential consideration to not only your business operations but in your offering as well, this topic feels more relevant now than ever before. The fintech industry is known for its innovative, agile reputation, and yet it still faces a significant diversity problem that threatens to halt its growth and stop that innovation moving.

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FinTech On-Demand Finance Financial Inclusion 64

Finextra

JUNE 28, 2024

ekko, a pioneering fintech dedicated to integrating sustainability into every financial transaction, has announced two major appointments as part of its ongoing expansion efforts. The company has confirmed the addition of Anthony Thomson, the founder and former chairman of Metro Bank, Australian neobank, 86 400, and Atom Bank to its board of directors.

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Transactions FinTech 59

The Fintech Times

JUNE 28, 2024

Online gaming marketplaces can be a great place for gamers to acquire rare and desired digital assets. However, it can also be dangerous with many fraudsters looking to take advantage of unsuspecting victims. Looking to bolster its defences against fraud while improving the payment experience, Driffle , the digital goods marketplace specialising in gaming products, has partnered with Mangopay , the modular and flexible payment infrastructure provider.

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Fraud Prevention Payments Facilitators Acquirers 64

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

Finextra

JUNE 28, 2024

At EBAday 2024, Roland Brandli, Strategy Director, SmartStream and Zennon Kapron, Founder/Director, Kapronasia, explore their recently released report where findings revealed that in 2023 there were 266 billion real-time payments made around the world, which is a 43% increase from the year before, and represents a 27% of all payments. This surge in instant payments brings with it many complications, for example delays in managing exceptions can lead to additional costs and customer dissatisfacti

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Real Time Payments Instant Payments Payments Continuity 59

Nanonets

JUNE 28, 2024

Have you ever found yourself staring at a scanned document or PDF, wishing you could edit the text as a Word document? You're not alone. Whether you need to update a contract, extract text from an invoice, or digitize a handwritten note, converting them to editable text can be frustrating. That's where OCR (Optical Character Recognition) comes in.

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AI Privacy Adjustments Volume 52

Finextra

JUNE 28, 2024

The Bank of America has moved to support Simply Asset Finance, a fintech that focuses on lending to SMEs, with a loan facility worth up to $120 million.

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Finance FinTech 64

Clearly Payments

JUNE 28, 2024

Embedded payments is about integrating payment processing capabilities directly into software applications, websites, and services to provide a seamless and customizable user experience. As a comparison, the opposite of embedded payments would be a user experience where a user is redirected to a completely different app or website to conduct a payment.

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Embedded Payments Embedded Finance Payments Process 52

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

EBizCharge

JUNE 28, 2024

When it comes to accepting payments, businesses often grapple with the costs of credit card processing fees. The question “Is it legal to charge a credit card fee?” is a legitimate inquiry for merchants seeking ways to offset these expenses. This article will explore the legality of charging such fees as well as the pros and cons associated with them.

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Credit Cards Legal Debit Card Disputes 52

Finextra

JUNE 28, 2024

At EBAday 2024, Akshat Saharia, Head of European Financial Institutions Product and Propositions, Global Payments Solutions, HSBC discusses the biggest changes to occur across the cross-border payments landscape in the next five years. While 90% of cross-border transactions complete in 30 mins, the other 10% can be delayed, resulting in frustration and a lack of transparency.

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Real Time Payments Cross-Border Payments API Cross-Border 52

The Nilson Report

JUNE 28, 2024

The post Corpay Cross-Border Continues Global Expansion with Launch of New Office in New Zealand appeared first on Nilson Report.

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Cross-Border Continuity Posting 52

Finextra

JUNE 28, 2024

Join FinextraTV at the Temenos Community Forum 2024 as Rodrigo Silva, Executive Vice President, Americas, Temenos, and Charles Kim, EVP & CFO, Commerce Bank, explore the path towards digital transformation and the challenges that both organisations had to overcome. The duo delve deep into the journey undertaken to update 30+ year old core banking systems across the business because they no longer met the bank's needs, due to their inflexibility.

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Underwriting Compliance Process 52

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

The Nilson Report

JUNE 28, 2024

The post Santander’s Zinia Becomes Provider of Consumer Finance Services for Apple in Germany appeared first on Nilson Report.

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Finance Consumer Posting 52

Finextra

JUNE 28, 2024

The Board of the insurtech company Lumera has appointed Jonas Alfredson CEO. He is currently Lumera’s Chief Financial Officer (CFO) and has been acting CEO since February 2024. He will assume the position on July 1.

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Continuity 52

The Nilson Report

JUNE 28, 2024

The post Marqeta Expands Partnership with Lydia to Support New European Digital Bank Sumeria appeared first on Nilson Report.

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Posting 52

Finextra

JUNE 28, 2024

Following the 149th Annual General Meeting of the Chartered Banker Institute, we are delighted to announce the election of Paul Denton as our new President and Chair, and the appointments of a new Vice-President, Billy MacLeod and a new Board Trustee, Eunice Chan Chun Hei.

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52

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Accertify

JUNE 28, 2024

ITASCA, IL, June 28, 2024 – Accertify, Inc., a leading fraud prevention provider, today announced that Stuart Mann, Director of Global Fraud & Account Protection Product Management, has been re-elected to the Global Board of Directors of the Merchant Risk Council (MRC). The MRC is a global non-profit membership association that brings together eCommerce payments and fraud prevention professionals from merchants, solution providers, and law enforcement agencies to share strategies for making

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Fraud Prevention Risk Law Enforcement Payment Gateways 45

Finextra

JUNE 28, 2024

Standard Chartered (the Bank) affirmed its commitment to building an inclusive digital society in Singapore by pledging to help senior citizens keep pace with technology and live confidently in their golden years.

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Technology 52

The Nilson Report

JUNE 28, 2024

The post ConnexPay Announces Intelligent PayOuts, Proprietary Payment Technology appeared first on Nilson Report.

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Technology Payments Posting AI 52

Finextra

JUNE 28, 2024

BME joins REDI, the Business Network for LGTBI Diversity and Inclusion, which has more than 260 associated organizations, including large companies, SMEs, institutions, individuals and expert consultants.

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Consulting 52

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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