Thu.Sep 26, 2024

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Moneygram faces backlog after outage

Payments Dive

The international wire transfer company has restarted some services after a cyberattack, but is battling to fulfill transactions after taking its systems offline for much of the week.

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Bank of England to form AI consortium

Finextra

The Bank of England (BoE) is calling on financial services firms to join its artificial intelligence (AI) consortium designed to oversee the use of the technology within the sector.

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Bharat Web3 Association Backs Blockchain Potential in Australia and India With New Partnerships

The Fintech Times

India-based Web3 association, Bharat Web3 Association , is expanding into Australia, after signing agreements with the Digital Economy Council of Australia (DECA), the voice for businesses and innovators utilising blockchain and distributed ledger technology (DLT), and Asosiasi Blockchain Indonesia , a non-profit organisation looking to mobilise blockchain technology in the region.

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R3 and Ownera to offer digital and financial market interoperability for Corda

Finextra

R3, the financial markets digital solutions firm and Ownera, a leading provider of tokenization interoperability routers based on the open FinP2P protocol, have partnered to enable interoperability across the largest number of live production-grade use cases and networks for digital assets and digital currencies.

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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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Dialect launches new automated back office platform

The Payments Association

Dialect is thrilled to announce the launch of its cutting-edge automated back-office platform. Tasc is a proprietary platform that seamlessly integrates directly with 3rd platforms to support automation and streamline operational heavy activities. Its platform supports organisations across: KYB / KYC Transaction monitoring PEP and sanctions fuzzy matches Dispute management Customer complaint handling Why automation matters In today’s fast-paced financial landscape, the need for aut

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Credit Card Surcharges: What Are They, and How Do They Work?

Stax

Credit card surcharges are increasingly becoming a fact of life. Industry data shows that 9 out of 10 credit card users say they don’t want to pay surcharges but do it anyway. This is good news because it means you won’t have to inflate your base prices to cover payment processing fees. That said, you can’t just decide and impose credit card surcharges overnight.

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FDX seeks to become open banking standard-setter

Payments Dive

The Consumer Financial Protection Bureau will decide whether an organization’s practices are transparent and balanced enough to set standards for open banking.

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The rise of self-checkouts and how they’ve changed retail

The Payments Association

Self-checkout has been a cornerstone of the modern shopper's experience and the value it can add to a business shouldn’t be underestimated. In this blog we tackle the importance of self-checkout, how their role in retail has evolved, and how it stands now.

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Firms struggling to find RoI for AI projects

Finextra

More than half of the companies investing in artificial intelligence (AI) projects have been unable to extract any tangible benefit, according to recently published research.

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Lucinity secures patent for federated learning AI, enabling secure data sharing

The Payments Association

Lucinity received a second US patent for its federated learning technology, enabling secure sharing of algorithmic insights across global financial systems without sharing sensitive data. This innovation enhances financial crime prevention and has potential applications in sectors like healthcare.

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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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Visa to buy UK fraud fighting tech provider Featurespace

Finextra

Visa has signed a definitive agreement to acquire British AI-powered financial fraud fighting outfit Featurespace for an undisclosed sum.

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Combatting APP fraud: How to build a best-in-class fraud prevention solution

The Payments Association

Managing fraud risk is increasingly challenging due to evolving fraudster techniques. Authorised Push Payment (APP) fraud is one of the areas seeing the most increase in recent times. This latest report in collaboration with Feedzai looks at how the new upcoming PSR rule changes will require banks to rethink their approach to fraud solutions and the technologies they adopt.

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Adyen Continues to Pioneer the In-Person Payment Space with Host of New Industry-Defining Products

Fintech Finance

Adyen , the financial technology platform of choice for leading businesses, has today announced major advancement in the in-person payments (IPP) landscape, underscoring its commitment to innovation with industry defining solutions. This comprehensive update not only enhances the payment experience for both merchants and customers but also reinforces Adyen’s position as a leading force in payment technology.

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Tasc launches new automated back office platform

The Payments Association

Tasc is an automated back-office platform that streamlines KYB/KYC, transaction monitoring, and dispute management for faster and more scalable operations.

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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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PayPal Complete Payments launches in China

Finextra

PayPal unveiled PayPal Complete Payments, a safe and efficient all-in-one platform that integrates a range of customized products and solutions to support Chinese merchants in selling globally.

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BILL Extends Leadership in Payments with New Capabilities to Deliver More Choice and Faster Speed for SMBs and Accountants

Fintech Finance

BILL (NYSE:BILL), a leading financial operations platform for small and midsize businesses (SMBs), has announced new payment offerings for SMBs and accountants to make payments faster, easier, and more secure. The new capabilities, which are part of BILL’s powerful payments engine, include a new international payment option, Local Transfer, as well as enhancements to BILL’s Instant Payment and Invoice Financing payment offerings.

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Paytently unveils its new branding at SBC Summit as Platinum Headline Sponsors

The Payments Association

Paytently unveiled its new branding at the SBC Summit, highlighting its innovation and investment in streamlining the payment process.

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Visa to buy cybersecurity firm Featurespace

Payments Dive

The cybersecurity acquisition is the latest move in a race by card networks to meet their clients’ needs in keeping up with fraud threats.

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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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Justt and Ravelin Partner to Strengthen AI-Powered Fraud Prevention and Chargeback Management Across Key Sectors

Fintech Finance

Justt , a leader in AI-powered chargeback mitigation, today announced a strategic partnership with Ravelin , a global provider of AI-native fraud detection and prevention solutions. This collaboration will significantly enhance fraud prevention and chargeback management for merchants operating in high-risk industries such as Food Delivery, Transportation, and Event Ticketing.

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Why Card Tokenization Failure Hurts Your Business

Basis Theory

Understand the causes of, and cures for, card tokenization failure so you can close all your customer deals - today and tomorrow.

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Visa to Acquire Featurespace

Fintech Finance

Visa (NYSE: V) today announced it has signed a definitive agreement to acquire Featurespace , a developer of real-time artificial intelligence (AI) payments protection technology that prevents and mitigates payments fraud and financial crime risks. The acquisition of Featurespace will complement and strengthen Visa’s portfolio of fraud detection and risk-scoring solutions used by clients around the world to grow and protect their businesses.

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What is Friendly Fraud in Payments?

Clearly Payments

In payments, fraud impacts both businesses and consumers. It can be painful. Among the various types of fraud , “friendly fraud” is rather challenging. Despite its seemingly innocuous name, friendly fraud has financial implications for businesses. This article gives an overview of friendly fraud, explains its causes, and provides insights into how businesses can protect themselves.

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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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Hilton Launches the World’s First Hotel Loyalty Debit Cards

Fintech Finance

Building on its legacy of innovation, Hilton has unveiled the world’s first hotel debit cards in the UK: Hilton Honors Debit Card and Hilton Honors Plus Debit Card, in partnership with travel debit card platform Currensea. Cardholders will earn Hilton Honors Points on all eligible* everyday spending to redeem on hotel stays or exclusive experiences.

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BofA launches account to help parents teach kids money lessons

Finextra

Bank of America has launched an account designed to help parents teach their children how to manage money.

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EIB Provides €220 Million to Nexi to Back Digital Payment Innovation in Europe

Fintech Finance

The European Investment Bank (EIB) is providing €220 million in financing to Nexi Group , Europe’s largest PayTech company, to support innovation in the digital payments sector. The agreement was announced today in Milano by EIB Vice-President Gelsomina Vigliotti and Nexi Group CFO Bernardo Mingrone. Nexi will use the EIB funds to develop and manage projects aimed at modernising digital payments in Europe, and to finance specific initiatives that leverage the expertise of Nexi Digital, a Eur

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Xero Merchants Can Offer BNPL Payment Option Following Klarna Partnership

The Fintech Times

Hidden fees and limited payment options have often been a large hurdle which has hindered the amount of credit payments being made to small businesses. Firms using the business platform, Xero can now add ‘buy now pay later’ (BNPL) to their offering as it partners with Klarna , the AI-powered global payments network. Xero’s customers will now be able to offer alternative payment methods to traditional credit using Klarna.

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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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Commerce Bank Selects FIS to Unlock Advanced Loyalty Solutions for Customers

Fintech Finance

FIS ® (NYSE: FIS), a global leader in financial technology, today announced it will be providing a completely end-to-end loyalty program management platform for Commerce Bank , a Midwest regional bank with over $30 billion in assets and nearly 160 years of history. By collaborating with FIS on this strategic initiative, Commerce Bank seeks to offer faster, more flexible innovation for its loyalty program, including enabling customers to redeem loyalty points at the point of sale.

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Movers and Shakers: Exec changes at TD

Bank Automation

TD Bank announced a flurry of executive changes, including the retirement of its chief executive and the CEO of TD Securities. Riaz Ahmed, group head of wholesale banking and president and Chief Executive of TD Securities, will retire in January after three decades at the bank, a Sept. 19 release stated. “Riaz has helped define […] The post Movers and Shakers: Exec changes at TD appeared first on Bank Automation News.

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Klarna Launches on Adyen In-Store Terminals Across Europe, North America and Australia

Fintech Finance

Klarna , the AI-powered global payments network and shopping assistant, will launch its flexible payment methods on Adyen ’s physical payment terminals across Europe, North America and Australia. Adyen, the financial technology platform of choice for leading businesses, is the first global PSP to launch Klarna simultaneously on all physical payment terminals worldwide.

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Q&A with Jack Henry’s Jonathan Baltzell on efficiency gains

Bank Automation

Financial institutions are investing in tech to drive efficiency among market pressures to increase deposits. According to Jack Henry’s 2024 Strategy Benchmark report, increasing operational efficiency is a top strategic priority for banks and credit unions over the next two years. The survey was conducted in January and February and included responses from 127 bank […] The post Q&A with Jack Henry’s Jonathan Baltzell on efficiency gains appeared first on Bank Automation News.

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Top Strategies to Future-Proof & Sustain Your Merchant Services Portfolio

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.