Fri.Oct 04, 2024

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Fiserv nets special banking charter in Georgia

Payments Dive

The payments processor is only the second company to win the special bank charter since Georgia made it available.

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UK payments could be delayed up to three days to prevent fraud

Finextra

The UK Treasury will give banks new powers to delay payments by up to 72 hours to investigate suspected fraud or scams.

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Paysend Launches ‘Paysend Libre’ in Mexico Powered by Mastercard Move Bringing Financial Inclusion to Millions

Fintech Finance

Paysend and Mastercard have partnered to launch Paysend Libre in Mexico in a move to drive financial inclusion in a region where the majority of the population is still underbanked or unbanked. Based on a virtual Paysend Mastercard, Paysend Libre is a revolutionary way to receive remittances that is simple to use, convenient, and secure. The launch brings together the strengths of Mastercard and Paysend in collaboration; Mastercard with its acceptance network, and Paysend’s enormous strength in

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Paysend launches Paysend Libre in Mexico to reach underbanked population

Finextra

In a push for financial inclusion in Mexico, Paysend has launched Paysend Libre backed by Mastercard.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

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

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Africa to See Triple-Digits Growth in Consumer Spending Over the Next Decade, EBANX Shows

Fintech Finance

Rising African countries are among the fastest-growing regions in consumer spending, according to data from the World Data Lab analyzed by EBANX , a global technology company specializing in payment services for rising markets. The giant Egypt will accelerate growth by 167%, while the smaller economies, like Ethiopia, will grow by an impressive 429% in the next decade.

More Trending

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Payoneer and Tech Mahindra Collaborate to Advance Global Crowdsourcing Payments

Fintech Finance

Payoneer (NASDAQ: PAYO), the financial technology company empowering the world’s small and medium-sized businesses to transact, do business, and grow globally, has announced its collaboration with Tech Mahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions to enterprises across industries. This collaboration aims to optimize payment capabilities for Tech Mahindra’s innovative crowdsourcing platform, Populii, and revolutionize the way businesses engage wit

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AMINA Bank partners with Tenity

Finextra

AMINA Bank, a leading global crypto bank, has today announced its partnership with Tenity, a global innovation ecosystem and early-stage VC with a strong focus on fintech. Through this collaboration, AMINA will provide a combination of banking solutions and mentorship to eligible companies in Tenity’s extensive network of startups.

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BLIK Romania S.A. Obtains Authorization for the Operation of the BLIK Payment System from the National Bank of Romania

Fintech Finance

BLIK strengthens presence in the CEE region BLIK Romania was filed with the Trade Register in Romania at the beginning of December 2022, and its official launch was announced in March 2023. Since then, the company’s management has worked intensively to adapt the system to local regulatory and legal requirements, as well as to build a development strategy based on the specifics of the Romanian market.

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Challenges in the card payment industry—Navigating a rapidly changing landscape

The Payments Association

The card payment industry has transformed how consumers and businesses handle financial transactions, with credit, debit, and prepaid cards playing a central role in everyday commerce. However, as the industry evolves in a rapidly shifting financial and technological landscape, it faces numerous challenges driven by technological advancements, regulatory shifts, changing consumer expectations and demands, and emerging security threats.

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15 Modern Use Cases for Enterprise Business Intelligence

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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U.S. Faster Payments Council Releases 2024 U.S. Instant Payments Adoption Quantitative Study

Fintech Finance

The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today announced the release of the 2024 U.S. Instant Payments Adoption Quantitative Study , a first-of-its-kind survey of U.S.-based third-party enablers to financial institutions (FIs). Collectively, respondents to the study serve over 90% of U.S.

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Visa launches the Visa Commercial Solutions Hub

The Paypers

Multinational payment card services corporation Visa has announced the pilot launch of the Visa Commercial Solutions (VCS) Hub, a new commercial payment ecosystem.

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Oportun inks deal to sell credit card portfolio

Payments Dive

The deal, expected to close in November, is a push by the online lender to pursue profitability by simplifying its business and focusing on its core products.

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SEBES Technology becomes Flagright's latest customer

The Paypers

AI-powered AML compliance solutions provider Flagright has announced that SEBES Technology , a fintech company offering payment solutions, became its latest customer.

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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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Finovate Global Netherlands: Investing in Digital Banking and Innovating with AI

Finovate

This week’s edition of Finovate Global features recent fintech news and headlines from the Netherlands. Netherlands-based digital banking platform Plumery secured $3.3 million in funding this week. The investment came from of early-stage investor DN Capital and Fontes, managed by international VC firm QED Investors, and raises the company’s total funding to date to $7.8 million.

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Revolut calls on Meta to share fraud reimbursement responsibility

The Paypers

UK-based fintech Revolut has urged Meta to share responsibility for reimbursing users who fall victim to fraudulent activities.

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Sustainable Finance Live 2024: 4 days to go!

Finextra

Finextra’s annual Sustainable Finance Live conference will be held at Events@No6 in London next week.

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What are the Key Features to Look for in Loan Origination Software?

Finezza

Lending is a dynamic industry. To succeed, lenders must adapt to evolving regulations, industry practices, and customer expectations. In this context, embracing automation and digitisation can help them streamline their operations and adapt to changing needs. The loan origination software(LOS) can be a useful instrument, allowing lenders to make the loan application and disbursal processes […] The post What are the Key Features to Look for in Loan Origination Software?

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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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Providers must ensure they are on top of sustainability requirements as the crypto sector grows

Finextra

With regulation ramping up for providers around the world, the crypto sector will need to keep a ver.

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India, LatAM and Africa Countries Set for Accelerated Growth in Consumer Spending

The Fintech Times

India is set to outperform global powerhouses, such as the US, regarding impending increases in consumer spending – which is set to surpass $5.4trillion by 2034, up from a current figure of $1.8trillion, according to data from the World Data Lab analysed by EBANX , the tech firm focused on payment services for emerging markets. With India looking set to experience a growth of around 12 per cent per year in consumer spending, it looks likely to significantly beat the growth of the US at fou

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Small FIs onboard FedNow for growth, efficiency

Bank Automation

As real-time payments become integral to growth strategies, small financial institutions are increasingly signing on with instant payment rail FedNow to boost transaction volume and improve efficiency. Of the 990 financial institutions FedNow has onboarded since its July 2023 launch, 80% are community banks and credit unions, according to data from the Federal Reserve updated […] The post Small FIs onboard FedNow for growth, efficiency appeared first on Bank Automation News.

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What Is a Bank Transfer? Benefits, Types, and How It Works

Paystand

Table of Contents What is a bank transfer? What is the difference between payment and transfer in banking? How does a bank transfer work? Accepting bank transfers as a business Is a bank transfer safe?

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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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Gen AI to boost customer loyalty, Forrester says

Bank Automation

Financial services providers are exploring generative AI uses for coding, customer service and document automation and FIs are looking to the evolving tech to increase customer loyalty. Banks can use gen AI to provide personalized services and data-driven offerings to deepen customer relationships, Alyson Clarke, principal analyst at think tank Forrester, told Bank Automation News. […] The post Gen AI to boost customer loyalty, Forrester says appeared first on Bank Automation News.

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Tyfone Teams Up with FinGoal to Help Banks Personalize their Products

Finovate

Tyfone has partnered with FinGoal to deliver personalized banking solutions. Tyfone will leverage FinGoal’s Insight Platform to help its clients transform transaction data into detailed personas and next-best actions for users. FinGoal’s Next Best Actions has already been adopted by a portion of Tyfone’s clients, and more plan to join soon.

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Latest Bank of America Virtual Payables Launch Enables Suppliers to Receive Direct Bank Transfers

The Fintech Times

Bank of America , the commercial cards provider, has expanded its virtual payables capabilities in EMEA by launching a new business-to-business (B2B) payment solution ‘Virtual Payables Direct’ Through the new solution, Bank of America provides buyers with the usual working capital advantages of a card transaction (such as extended payment terms), alongside a new enhancement that enables payment to suppliers via a direct bank transfer.

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Broadridge appoints Djamila Cosme-Bayoud as premier account leader and senior country officer in Fra

Finextra

Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE: BR), today announced the appointment of Djamila Cosme-Bayoud as Premier Account Leader and Senior Country Officer for France.

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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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Mastercard Integrates Minna Technologies to Make Subscription Management More Accessible

The Fintech Times

A new partnership has been announced between payments giant Mastercard and Minna Technologies , the subscription management platform, to cater to the growing demand for subscription services. According to Juniper Research , there are currently 6.8 billion subscriptions globally, but this number is expected to jump to 9.3 billion by 2028. This is because subscription services offer a flexible payment option for customers wanting to save time and money.

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TrueLayer secures $50m funding round

Finextra

London (UK). TrueLayer, Europe’s leading pay-by-bank network, today announces the successful close of its latest funding round, raising $50 million in an extension of its $130m Series E.

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Standard Life Partners With Raindrop to Improve Pension Monitoring and Tracing Possibilities

The Fintech Times

Standard Life , the brand looking after peoples’ life savings for nearly 200 years and a part of the Phoenix Group , has launched a new pension tool powered by pension-finding platform Raindrop , as it reveals UK consumers are struggling to keep track of their pension pots. The research found that 19 per cent of users have lost track of their pension pots, despite the benefits of consolidating them.

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