Payments Dive

OCTOBER 4, 2024

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

Processors 204

Processors Payments 204

The Payments Association

OCTOBER 4, 2024

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.

Cross-Border Payments 88

Cross-Border Payments Online and Mobile Banking Cross-Border Alternative Payment Methods 88

Finextra

OCTOBER 4, 2024

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.

Innovation 98

Innovation FinTech 98

Fintech Finance

OCTOBER 4, 2024

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

Financial Inclusion 103

Financial Inclusion Visa Cross-Border Security 103

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 4, 2024

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

Scams 119

Scams Treasury Payments 119

Payments Dive

OCTOBER 4, 2024

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.

Credit Cards 78

Credit Cards Product 78

Fintech Finance

OCTOBER 4, 2024

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.

Consumer 93

Consumer Credit Cards Online and Mobile Banking Economy 93

Finextra

OCTOBER 4, 2024

Is fintech losing its steam? Hardly. While some may argue that innovation in financial technology ha.

FinTech 109

FinTech AI Innovation Technology 109

Fintech Finance

OCTOBER 4, 2024

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

Cross-Border 90

Cross-Border Multi-Currency Payment APIs and Integration Cross-Border Payments 90

The Paypers

OCTOBER 4, 2024

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

Card Services 85

Card Services Payments 85

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Fintech Finance

OCTOBER 4, 2024

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.

Authorization 89

Authorization Online and Mobile Banking Payments Legal 89

Finovate

OCTOBER 4, 2024

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.

AI 64

AI Innovation Payment APIs and Integration Online and Mobile Banking 64

Fintech Finance

OCTOBER 4, 2024

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.

Instant Payments 80

Instant Payments Faster Payments FPC Corporate Credit Unions 80

The Paypers

OCTOBER 4, 2024

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

Technology 69

Technology AML Compliance AI 69

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

Finezza

OCTOBER 4, 2024

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?

Origination 52

Origination Automation Regulations Process 52

The Fintech Times

OCTOBER 4, 2024

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

Consumer 52

Consumer Online and Mobile Banking Instant Payments Financial Inclusion 52

Bank Automation

OCTOBER 4, 2024

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.

FedNow 52

FedNow Federal Reserve Credit Union Real Time Payments 52

Paystand

OCTOBER 4, 2024

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?

Payments 52

Payments ACH Automation 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

Bank Automation

OCTOBER 4, 2024

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.

AI 52

AI Automation Service Provider Posting 52

Finovate

OCTOBER 4, 2024

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.

Product 52

Product Credit Union Verification Transactions 52

The Fintech Times

OCTOBER 4, 2024

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.

B2B 52

B2B Commercial Card Payment Solutions Global Payments 52

Finextra

OCTOBER 4, 2024

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.

Accounts 52

Accounts FinTech 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 Fintech Times

OCTOBER 4, 2024

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.

Visa 52

Visa Technology Blocks Consumer 52

Finextra

OCTOBER 4, 2024

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.

Security 52

Security 52

The Fintech Times

OCTOBER 4, 2024

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.

Process 52

Process Addressing FinTech Research 52

Finextra

OCTOBER 4, 2024

BLIK Romania, registered in Bucharest, has obtained authorization for the operation of the BLIK payment system. This decision will enable the development of this system in local currency (RON) and open it to Romanian payment service providers. As a first step, the operator plans to focus on the development of payments in the e-commerce channel, thus responding to the dynamic growth of the online sector in Romania.

Authorization 52

Authorization Service Provider Payments 52

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The Fintech Times

OCTOBER 4, 2024

Despite inflation easing in the UK, three in ten (28 per cent) of people say they are the most financially unstable they’ve ever been. While many people across the UK are concerned about their financial situation, responsible lender, Creditspring , has revealed it has now provided over one million affordable loans to borrowers seeking short-term financial support.

Caps 52

Caps On-Demand Regulations FinTech 52

Finextra

OCTOBER 4, 2024

With a rich history of over 200 years in the banking industry, Erste Group, a powerhouse in Eastern Europe’s financial services, has chosen to collaborate with Salt Edge, a leading open banking solutions provider. This strategic partnership, backed by the extensive expertise of both entities, is set to revolutionise multi-banking services in the CEE region.

API 52

API 52

The Fintech Times

OCTOBER 4, 2024

Saxo Bank , the Danish investment bank focused on multi-asset trading and investment, has launched a new investment platform specifically designed for the growing community of buy-and-hold and active investors in the UK. Through its new investment platform, dubbed ‘SaxoInvestor’, Saxo Bank aims to offer one place where investors can invest into stocks, ETFs, bonds and mutual funds.

Multi-Currency 52

Multi-Currency Returns Continuity Risk 52

Finextra

OCTOBER 4, 2024

FOMO Pay, a leading Singapore-based major payment institution announced a strategic partnership today with Visa, the world’s leader in digital payments. Through this collaboration, FOMO Pay will integrate Visa’s QR into the SGQR network, enabling cardholders to scan the QR code and pay with their Visa cards.

Debit Card 52

Debit Card Payments Institute Digital Payments Payments 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