Payments Dive

OCTOBER 2, 2024

Zelle, the popular peer-to-peer payment service, and rivals should be more upfront with consumers about the ability to ask for money back, Consumer Reports says.

Payments Tools 163

Payments Tools P2P Consumer Zelle 163

Bank Automation

OCTOBER 2, 2024

Tens of thousands of Bank of America clients reported outages of online and mobile banking services today. At 1 p.m. ET, more than 20,000 clients had reported issues with the $3.2 trillion bank, according to website Downdetector, which publishes the status of outages in real time. Many clients posted to social platform X to alert […] The post Bank of America mobile app, digital interface down appeared first on Bank Automation News.

Online and Mobile Banking 114

Online and Mobile Banking Mobile Banking Automation Posting 114

Finextra

OCTOBER 2, 2024

The Financial Conduct Authority has fined Starling Bank £29 million for failings related to its financial sanctions screening.

AML 126

AML Authorization 126

Fintech News

OCTOBER 2, 2024

Google has revealed plans to invest US$1 billion in Thailand, constructing a data center and cloud region in Bangkok and Chonburi. This move is projected to boost Thailand’s GDP by US$4 billion by 2029 and create an average of 14,000 jobs annually from 2025 to 2029. The investment aims to address the increasing demand for cloud services in Southeast Asia.

AI 113

AI On-Demand Governance Government 113

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

Finextra

OCTOBER 2, 2024

Klarna, the AI-powered global payments network and shopping assistant, has unveiled “Apple from Klarna”, a storefront in the Klarna app and Klarna.com where customers can purchase Apple products using its flexible payment options.

Payment Networks 98

Payment Networks AI Global Payments Product 98

Fintech News

OCTOBER 2, 2024

South African digital bank, TymeBank , has surpassed the milestone of 10 million users just under six years after its launch in 2019. The bank, which is the first digital bank in Africa to reach profitability, now holds close to R7 billion (US$402.5 million) in customer deposits, making it one of the fastest-growing bank in South Africa based on deposits for 2024.

Small Business 108

Small Business FinTech AI Posting 108

Fintech News

OCTOBER 2, 2024

The Monetary Authority of Singapore (MAS) will introduce two new leadership programmes in 2025 aimed at developing financial leaders. This was announced by Alvin Tan, Minister of State, Ministry of Trade and Industry, at the Asian Financial Leaders Programme (AFLP) graduation. The first programme will target senior executives at the managing director level and above, while the second will focus on high potential mid-level professionals such as senior vice presidents and directors.

Authorization 103

Authorization Posting Returns FinTech 103

Finextra

OCTOBER 2, 2024

A recently released survey has highlighted a widespread lack of awareness among UK adults when it comes to open banking.

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114

Fintech Finance

OCTOBER 2, 2024

Kazang , the prepaid value-added services (VAS) and card acquiring business within JSE-listed fintech Lesaka Technologies, has launched its Kazang Pay card acceptance solution for merchants in Zambia. Kazang Pay makes it affordable for merchants to accept card payments on the same Kazang terminal they use to sell prepaid products and services. The Kazang Pay enabled terminal in Zambia accepts VISA debit and credit cards as well as mobile wallet payments.

Acquirers 98

Acquirers Point-of-Sale (POS) Value Added Service Financial Inclusion 98

NFCW

OCTOBER 2, 2024

SEAMLESS RESALE: The NFC tag enables owners to prove provenance and resell the item via Poshmark : Owners of handbags, wallets, clothes and shoes from Coach’s sustainable Coachtopia brand can now resell these items on the Poshmark secondhand platform and have the details uploaded automatically, thanks to an NFC tag or digital ID embedded in each product.

Product 89

Product Near Real-Time Accounts Regulations 89

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Fintech Finance

OCTOBER 2, 2024

Klarna , the AI-powered global payments network and shopping assistant, has unveiled “Apple from Klarna”, a storefront in the Klarna app and Klarna.com where customers can purchase Apple products using its flexible payment options. Now an official Apple reseller, Klarna also launches a brand new, bespoke payment option for Apple products: Upgrade Financing.

Product 98

Product CHIPS Payments AI 98

Payments Dive

OCTOBER 2, 2024

The card network will acquire the Swedish business in a bid to provide consumers with a centralized hub for managing their subscriptions.

Technology 88

Technology Visa Acquirers Consumer 88

Fintech Finance

OCTOBER 2, 2024

As part of its ongoing investment in its B2B network and in enhancing buyer and supplier capabilities, American Express has announced a new offering by Boost Payment Solutions , a global leader in payments, to provide commercial virtual Card processing services to U.S. merchants who accept American. Qualified American Express merchants will now have access to Boost Intercept®, Boost’s patented Straight-Through Processing (STP) solution, at no additional cost.

Payment Solutions 98

Payment Solutions Point-of-Sale (POS) Payments Automation 98

Finextra

OCTOBER 2, 2024

There has been a "significant shift" in UK banks' attitude to AI with greater adoption and greater recognition of its benefits, according to recently published research.

AI 85

AI Research 85

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

Fintech Finance

OCTOBER 2, 2024

Woodforest Acceptance Solutions, a leader in payment processing solutions, today announced a strategic partnership with FreedomPay , a leading global commerce platform. This collaboration will empower enterprise and middle-market clients to unlock the full potential of data-driven solutions while enabling Independent Software Vendors (ISVs) with greater capabilities in payment processing and commerce enablement.

ISVS 98

ISVS Payment Solutions Payments Process 98

The Fintech Times

OCTOBER 2, 2024

Ripple Global Payments & Financial Solutions for Businesses , the provider of digital asset infrastructure, has expanded its global footprint as a regulated entity as it secures in-principle approval from the Dubai Financial Services Authority (DFSA) to expand its services from the Dubai International Financial Centre (DIFC). The in-principle licence approval from the DFSA underscores Ripple ’s strategy to expand its presence in the Middle East, following the establishment of its regional he

Cross-Border Payments 74

Cross-Border Payments Cross-Border Blockchain Payments 74

Fintech Finance

OCTOBER 2, 2024

Cardlay , a pioneering Danish fintech company, and Visa , a global leader in digital payments, are excited to announce a collaboration aimed at setting new standards for fast and efficient spend management for commercial cards issuers and their clients. Cardlay and Visa’s referral relationship leverages Cardlay’s innovative white label spend management platform with Visa’s market position, extensive payment network and data capabilities to offer fully embedded commercial cards and expense manage

Commercial Card 97

Commercial Card Card Issuer Issuers Embedded Finance 97

The Fintech Times

OCTOBER 2, 2024

The UAE has ambitions for economic growth by enabling businesses across the country to access faster credit. In doing so it hopes to help firms grow and thrive in a competitive market. In line with this, Magnati , the payments solutions provider in the Middle East has partnered with Wio Bank PJSC , the regional bank providing embedded finance solutions through its merchant financing platform.

Embedded Finance 71

Embedded Finance Finance Point-of-Sale (POS) Underwriting 71

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

Fintech Finance

OCTOBER 2, 2024

Duck Creek Technologies , the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, today introduced its latest insurance-focused payments solution, the Duck Creek Payments Facilitator. This modern, end-to-end payment solution caters to the nuances of payments within insurance by providing carriers with access to digital payment methods for both collecting and disbursing funds.

Facilitators 97

Facilitators Payment Solutions Technology FedNow 97

Finextra

OCTOBER 2, 2024

US money transfer giant MoneyGram has responded to the UK Post Office's decision to terminate a long-term relationship between the two following a cyber security incident.

Posting 72

Posting Security 72

Fintech Finance

OCTOBER 2, 2024

Bank of America , a global leader in commercial cards, has expanded its Virtual Payables capabilities in EMEA with the launch of Virtual Payables Direct. The business-to-business (B2B) payment solution provides buyers with the usual working capital advantages of a card transaction – such as extended payment terms – in addition to a new enhancement that allows suppliers to be paid via a direct bank transfer.

B2B 93

B2B Commercial Card Payment Solutions Global Payments 93

Finextra

OCTOBER 2, 2024

Tech giant Meta says it will expand an information sharing partnership with UK banks after a pilot with NatWest and Metro helped take out thousands of scammers on its platforms.

69

69

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 Fintech Times

OCTOBER 2, 2024

Traditionally, wealth managers have provided professional financial services primarily to affluent clients, offering investment advice and financial planning. However, the emergence of fintech has disrupted this industry, leveraging robo-advisory and advanced artificial intelligence (AI) and machine learning to make wealth management more accessible.

Financial Literacy 63

Financial Literacy FinTech Financial Inclusion Underserved 63

Finextra

OCTOBER 2, 2024

Shares in Payfare plummeted by more than 75% after the Canadian earned wage access firm initiated a strategic review in response to losing its biggest client, DoorDash.

64

64

The Paypers

OCTOBER 2, 2024

The Financial Conduct Authority has imposed a GBP 29 million fine on Starling Bank as the latter did not meet financial crime systems and controls requirements.

Financial Crimes 74

Financial Crimes Crime Authorization 74

Finovate

OCTOBER 2, 2024

FIS has launched its Digital Trading Storefront, enabling banks, brokers, and fund managers to offer a customizable digital trading experience with real-time execution and enhanced personalization. The new Digital Trading Storefront is built on FIS’s Cross-Asset Trading and Risk Platform. The new tool supports both buy-side and sell-side strategies while helping firms manage trading volumes and mitigate regulatory compliance risks.

Regulatory Compliance 59

Regulatory Compliance Payment APIs and Integration Mitigation Risk 59

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AI

Bank Automation

OCTOBER 2, 2024

American Express and Boost Payment Solutions will provide commercial card processing to U.S.-based American Express merchants, the pair announced Sept. 30. Amex merchants will have access to Boost’s straight-through processing solution, Boost Intercept, allowing them to accept virtual cards while avoiding manual processes, Boost founder and Chief Executive Dean Leavitt told Bank Automation News.

Transactions 59

Transactions Commercial Card Automation Participant 59

Finovate

OCTOBER 2, 2024

Cardlay Payments Solutions has inked a partnership with Visa. The collaboration combines Cardlay’s spend management technology with Visa’s payment network, data capabilities, and market position to drive innovation in spend management for commercial card issuers and their customers. Headquartered in Denmark, Cardlay made its Finovate debut earlier this year at FinovateSpring.

Card Issuer 59

Card Issuer Commercial Card Issuers Payment Solutions 59

Bank Automation

OCTOBER 2, 2024

Financial institutions are exploring generative AI through their own center of excellence initiatives, pilot programs and internal applications. However, surrounding the technology “there are more questions than there are answers,” Kris Lazzaretti, senior vice president of data analytics at payments data solution provider Deluxe, told Bank Automation News, noting that the industry is in […] The post 25 questions financial institutions are asking about gen AI appeared first on Bank Automa

AI 59

AI Automation Payments Data Posting 59

Finextra

OCTOBER 2, 2024

In a significant milestone demonstrating the benefits of digital currency transactions, Universal Digital Payments Network (“UDPN”) partnered with The Bank of East Asia, Limited (“BEA”), a Hong Kong-based financial services group, to successfully complete a Proof-of-Concept (PoC), minting, managing, and transferring bank-issued stablecoins and tokenised deposits on the UDPN.

Stablecoins 59

Stablecoins Digital Currency Payment Networks Digital Payments 59

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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