Thu.Dec 07, 2023

article thumbnail

Amazon drops Venmo users

Payments Dive

Jettisoning Venmo from the retail juggernaut’s marketplace is another strike against PayPal’s recent growth efforts.

Venmo 166
article thumbnail

Cash usage grow for first time in a decade

Finextra

Cash usage in the UK has grown for the first time in a decade as consumers shy away from overspending on plastic payment cards during the ongoing cost of living crisis.

Consumer 119
article thumbnail

NatWest Boxed: The Rise of BaaS – Embracing the Embedded Finance Revolution

The Fintech Times

Amid the ongoing digital revolution and shifting customer preferences, embedded finance is reshaping the financial industry. Banking has transcended its traditional confines, forging innovative partnerships that prioritise convenience and accessibility. Andrew Ellis is the CEO of NatWest Boxed , a partnership between Vodeno and NatWest offering banking-as-a-service.

article thumbnail

Amazon ditches Venmo

Finextra

Shares in PayPal fell on Thursday after Amazon said it was removing Venmo as a payment option.

Venmo 116
article thumbnail

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

article thumbnail

MAS to Beef up Protection for Insurance Policy Owners with Revised Scheme

Fintech News

The Monetary Authority of Singapore (MAS) has announced its intention to revise the Policy Owners’ Protection Scheme. This initiative, currently open for public consultation , is aimed at expanding coverage, streamlining the scheme’s design, and improving operational effectiveness. Enhancing coverage The MAS suggests broadening the scheme to include mandatory third-party liability insurance for specific mobility devices like bicycles and motorised wheelchairs under the Active Mobility Act 2017.

More Trending

article thumbnail

Where Can I Use My FSA Card?

Payment Savvy

Paying for healthcare expenses out of pocket can be a huge burden, especially if you are dealing with a chronic illness. According to various studies, medical expenses are the leading cause of bankruptcy in the United States. But if you have an FSA card, you can use it to help cover eligible health expenses. What Is an FSA Card? A flexible spending account (FSA) card is a special debit card that allows you to pay for approved healthcare expenses using the pre-tax money you’ve contributed t

Checks 105
article thumbnail

How DeFi Can Reshape Lending Sector and Government Programs

Finextra

For centuries, we have seen lending and borrowing. Before banks came into picture, people used to bo.

article thumbnail

Fiserv resurrects growth officer role for M&A focus

Payments Dive

The payments processor has hired an enterprise growth officer who will zero in on M&A, strategy and ventures for the company.

article thumbnail

Cash usage grows for first time in a decade

Finextra

Cash usage in the UK has grown for the first time in a decade as consumers shy away from overspending on plastic payment cards during the ongoing cost of living crisis.

article thumbnail

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?

article thumbnail

Stripe switches up board members: report

Payments Dive

The digital payments company replaced one director and added another, increasing the representation from Sequoia Capital entities, a trade publication reported.

article thumbnail

SPOTLIGHT: ‘A true product person is curious and pushes for challenges’

The Payments Association

Born in New Zealand, trained lawyer Cheyenne Datuin speaks to Payments Review about how she got into the payments industry and why London is an attractive city for working in fintech.

Product 88
article thumbnail

Dark clouds gather over European payments firms

Finextra

The pain faced by fintechs in the payments space is expected to continue throughout 2024, according to an analysis by Jefferies.

article thumbnail

Tackling APP fraud: An industry at a crossroads

The Payments Association

Authorised push payment (APP) fraud has been steadily climbing the charts of global payment frauds with nearly £240m lost to UK consumers and businesses in the first six months of 2023.

article thumbnail

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

article thumbnail

Goldman Sachs looks to unlock value of gen AI

Bank Automation

Goldman Sachs is looking to generative AI for developer assistance, including coding purposes, and for lead generation among client-facing operations, Chief Financial Officer Denis Coleman said during Goldman Sachs 2023 U.S. Financial Services Conference on Tuesday.

AI 78
article thumbnail

UK Big Bang 2.0: Will it happen in 2024?

The Payments Association

The UK holds a strong position in the rapidly developing fintech and digital payments world, but experts are divided over whether this will lead to a major breakthrough next year.

article thumbnail

Ease the load off your finance heroes.

Chargebee

Based on a benchmark report from PwC, Finance Teams continue to spend about 30-40% of their bandwidth on data collection, quality checks, and reporting. While our customers deeply appreciate the efforts and time their finance teams invest in ensuring everything runs smoothly, we’re always looking for ways to lighten their load. That’s why today, we’re excited to showcase a few recent updates from Chargebee that will help finance teams gain greater efficiency, wrap up their work more quickly, and

Finance 75
article thumbnail

2024: A pivotal year for the global economy and finance industry

The Payments Association

In Britain, 13 years of Conservative government will come to an end. The US will face its most divisive, and potentially destabilising presidential election in decades. Markets will find out whether central banks have managed to control inflation and normalise interest rates, or whether a replay of the monetary turmoil of the 1970s and 1980s is on the horizon.

Economy 88
article thumbnail

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.

article thumbnail

UK consults on plans to regulate tech firms critical to finance

Bank Automation

The UK has started consulting on its proposals to oversee the cloud computing and data analytics services that banks depend on, a push that could see parts of firms like Amazon.com Inc., Alphabet Inc. and Microsoft Corp. come under the remit of the country’s financial regulators.

article thumbnail

What an atomic settlements boom could mean for the payments industry

The Payments Association

As the UK continues to try and place itself as a leader in the payments industry and fintech, maintaining a degree of pace, security and efficiency must remain a priority.

article thumbnail

NatWest categorizes gen AI in 4 ways

Bank Automation

NatWest’s generative AI team is looking at hundreds of applications for the technology throughout the bank, and categorizing the use cases is part of the strategy.

AI 75
article thumbnail

Ethical credit: Financing a sustainable future 

The Payments Association

Christien Ackroyd explains how the ethical grade concept works, covering best practices, benefits, and which banks are getting it right.

article thumbnail

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.

article thumbnail

OCC warns banks on BNPL lending

Finextra

The Office of the Comptroller of the Currency (OCC) has issued guidance to US banks warning them to make sure that buy now, pay later loans are offered in a "safe and sound" manner.

OCC 72
article thumbnail

Could BRICS countries introduce their own currency for international trade?

The Payments Association

While there is efforts by the BRICS countries to reduce their dependency on the US dollar as the global reserve, experts cast doubt whether the process of de-dollarisation could actually be help ease payment friction.

Process 88
article thumbnail

UK financial regulators to assume direct oversight of critical technology suppliers

Finextra

British banking regulators have proposed further checks on financial firms' reliance on third party technology companies.

article thumbnail

How the UK is shooting itself in the foot over crypto

The Payments Association

In recent years, the UK has been keen on positioning itself as a global crypto asset hub, however it’s currently facing critical obstacles which are hindering its effort.

article thumbnail

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.

article thumbnail

Behind the scenes of the Migration of the SEPA payment schemes to the 2019 version of ISO 20022 post

Finextra

Let’s start saying veterans like me haven’t been surprised that much reading the EPC bulletin on SEP.

article thumbnail

Payments regulation in 2024: A year of evolution

The Payments Association

The UK and EU payments sectors continued to draw increasing regulatory scrutiny throughout 2023. Indeed, the need to deliver compliance with new regimes, such as the consumer duty in the UK, required a great deal of firm’s attention and resources throughout the year.

article thumbnail

Where Can I Use My HSA Card? Your Comprehensive Guide To Maximizing HSA Benefits

Payment Savvy

Whether you’re a new HSA cardholder or looking to get more from your existing account, knowing where and how to use your card is key to maximizing its benefits. In this guide, we’ll clarify as to where your HSA card will be accepted — both at brick-and-mortar establishments and during online shopping. We will also talk about which expenses cannot be covered by your HSA card and offer you some helpful tips to manage your transactions.