Payments Dive
SEPTEMBER 26, 2024
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.
Finextra
SEPTEMBER 26, 2024
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.
The Payments Association
SEPTEMBER 26, 2024
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
Finextra
SEPTEMBER 26, 2024
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.
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
The Payments Association
SEPTEMBER 26, 2024
Despite the rise of digital payments, the resurgence of cash use in the UK signals that physical money, supported by emerging cashtech innovations, remains an essential part of the financial ecosystem. Cash use has increased to 19% of all transactions in the UK, marking its highest use in over a decade. Despite what the media and some fintech evangelists may say about a ‘cashless society,’ physical money seems to be here to stay for the foreseeable future.
Stax
SEPTEMBER 26, 2024
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.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Payments Dive
SEPTEMBER 26, 2024
The Consumer Financial Protection Bureau will decide whether an organization’s practices are transparent and balanced enough to set standards for open banking.
The Payments Association
SEPTEMBER 26, 2024
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.
Finextra
SEPTEMBER 26, 2024
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.
The Payments Association
SEPTEMBER 26, 2024
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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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?
The Fintech Times
SEPTEMBER 26, 2024
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.
Finextra
SEPTEMBER 26, 2024
Visa has signed a definitive agreement to acquire British AI-powered financial fraud fighting outfit Featurespace for an undisclosed sum.
The Payments Association
SEPTEMBER 26, 2024
Tasc is an automated back-office platform that streamlines KYB/KYC, transaction monitoring, and dispute management for faster and more scalable operations.
Finextra
SEPTEMBER 26, 2024
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.
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
Fintech Finance
SEPTEMBER 26, 2024
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.
The Payments Association
SEPTEMBER 26, 2024
Paytently unveiled its new branding at the SBC Summit, highlighting its innovation and investment in streamlining the payment process.
Payments Dive
SEPTEMBER 26, 2024
The cybersecurity acquisition is the latest move in a race by card networks to meet their clients’ needs in keeping up with fraud threats.
Basis Theory
SEPTEMBER 26, 2024
Understand the causes of, and cures for, card tokenization failure so you can close all your customer deals - today and tomorrow.
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.
Fintech Finance
SEPTEMBER 26, 2024
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.
Clearly Payments
SEPTEMBER 26, 2024
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.
Fintech Finance
SEPTEMBER 26, 2024
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.
Finextra
SEPTEMBER 26, 2024
Bank of America has launched an account designed to help parents teach their children how to manage money.
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.
Fintech Finance
SEPTEMBER 26, 2024
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.
The Fintech Times
SEPTEMBER 26, 2024
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.
Fintech Finance
SEPTEMBER 26, 2024
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.
Bank Automation
SEPTEMBER 26, 2024
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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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.
Fintech Finance
SEPTEMBER 26, 2024
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
Bank Automation
SEPTEMBER 26, 2024
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.
Fintech Finance
SEPTEMBER 26, 2024
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.
Finovate
SEPTEMBER 26, 2024
Visa is acquiring fraud prevention company Featurespace to enhance its own fraud detection and risk-scoring solutions. Terms of the agreement were undisclosed and the deal is expected to close in 2025 pending regulatory approvals. The acquisition comes as Visa faces legal challenges from the U.S. DOJ over alleged monopolization in debit card markets.
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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.
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