Walmart, Fiserv team to offer real-time payments
Payments Dive
SEPTEMBER 20, 2024
The retail giant and payments processor are targeting next year for offering consumers a real-time payment option online.
Fri.Sep 20, 2024
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Finovate Global Uzbekistan: Fintech Innovation and Banking Breakthroughs in Central Asia
Finovate
SEPTEMBER 20, 2024
You never know where Finovate Global will take you on any given week. In our last edition, we spent time in Spain with wealthtech GPTadvisor. Before that, we were talking about Ireland’s Central Bank and its search for top fintech talent, new investment in mobile payments in the Philippines , and the pace of digital transformation in India’s financial services sector.
Amazon adds PayPal option to Buy with Prime
Payments Dive
SEPTEMBER 20, 2024
The e-commerce platform will also let consumers connect their PayPal and Prime accounts next year, and access free shipping via Buy with Prime on some merchants’ sites.
APP fraud and the launch of the RCMS platform: What PSPs need to do
The Payments Association
SEPTEMBER 20, 2024
The new Reimbursement Claims Management System (RCMS) aims to simplify APP fraud claim processing, enhance PSP cooperation, and ensure adherence to updated compliance standards Read more
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
Insurance Claims Handlers Wary of AI Being Used to Alter Documents Reveals Sprout.ai
The Fintech Times
SEPTEMBER 20, 2024
Since the cost of living crisis hit, the number of insurance claims has gone up. While many of these are valid, 65 per cent of insurance claims handlers have noticed an increase in fraudulent cases according to research from claims automation company, Sprout.ai. Two hundred insurance claims handlers were surveyed by Censuswide as part of the study and were asked how many cases they thought were fraudulent or manipulated by AI.
Unlocking the power of open banking data for business innovation
The Payments Association
SEPTEMBER 20, 2024
How open banking can reshape finance, enabling personalised services, streamlined verification, and improved fraud detection.
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DailyPay Creates New Savings Feature For Its DailyPay Visa® Prepaid Card To Promote Financial Wellness and Security
Fintech Finance
SEPTEMBER 20, 2024
DailyPay continues to innovate its award-winning worktech platform with a new feature that will help users on their path to financial stability. The new Savings feature will be added to the newly branded DailyPay Visa® Prepaid Card and provide users with an opportunity to create savings goals and set aside money as they earn it. DailyPay Visa Card is a general purpose reloadable card that allows DailyPay users instant earned wage access for no fee* if they update their direct deposit to the card
Big tech pulls back on in-house financial services innovation
Bank Automation
SEPTEMBER 20, 2024
Tech giants are bailing out on in-house financial services innovation as they look to embed their offerings into third-party vendor platforms. “After nearly a decade or more of big tech companies venturing into launching their own financial products, many of the major players have now pulled back,” Laura Kennedy, principal analyst at think tank CBInsights, […] The post Big tech pulls back on in-house financial services innovation appeared first on Bank Automation News.
Flutterwave Named Company of the Year at IPR, London
Fintech Finance
SEPTEMBER 20, 2024
Flutterwave , Africa’s leading payment technology company, has been named Company of the Year at the prestigious Innovation in Payments and Remittances (IPR) 2024 Awards held in London on September 17th, 2024. This recognition underscores Flutterwave’s unwavering commitment to excellence, innovation, and facilitating seamless cross-border payments for all individuals and businesses.
Grasshopper reduces manual reviews with Alloy risk solution
Bank Automation
SEPTEMBER 20, 2024
Grasshopper Bank has reduced manual reviews in its onboarding process by 57% through fintech Alloy’s risk-management solution. The bank implemented Alloy’s Identity Risk Solution in March 2022. At the time, 20% of its applications were reviewed manually to monitor for fraud, Lauren McCollom, head of embedded finance at Grasshopper, told Bank Automation News.
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.
Mastercard Collaborates With Kenya Bankers Association to Present the 2024 Interbank Golf Tournament
Fintech Finance
SEPTEMBER 20, 2024
Mastercard is proud to announce its title sponsorship of the 2024 Interbank Golf Tournament, in collaboration with the Kenya Bankers Association (KBA). Officially titled Interbank Golf Tournament 2024 – Presented by Mastercard , the prestigious event will kick off on 20 September at the renowned Royal Nairobi Golf Club. As a key event within the broader Interbank Sports Series, this tournament will see players from Kenya’s leading financial institutions compete in a showcase of strategy an
Lending Standards Board Improves Access to Finance for Ethnic Minority-Led Businesses With New Code
The Fintech Times
SEPTEMBER 20, 2024
Following the 2023 Lending Standards Board (LSB) report, which underscored the crucial role that financial institutions can play in unlocking the untapped potential of Ethnic Minority-Led Businesses (EMBs), the non-profit organisation is developing a new inclusive Code to drive essential improvements in access to finance for these firms. In 2023, the LSB reported that ethnic minority entrepreneurs, including those from Black, Asian, and other minority groups, contribute an estimated £25billion t
Parabank Partners with Dock to Launch World’s First Credit Solution Created for People with Disabilities
Fintech Finance
SEPTEMBER 20, 2024
Comprising almost 10% of the Brazilian population, people with disabilities have a bank focused on their needs. Parabank , the world’s first digital bank focused on people with disabilities, is now launching credit and prepaid cards with a variety of benefits, including partnerships with rehabilitation clinics, a marketplace with products and services and access to investment services.
Sustainable Finance Live 2024: UK Foreign Secretary pledges to prioritise nature and climate finance
Finextra
SEPTEMBER 20, 2024
In a speech at Kew Gardens on Monday, UK Foreign Secretary David Lammy spoke on how the UK government will be realigning its priorities to commit to green initiatives and combatting climate change.
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.
KOHO and Propel Announce Exclusive Partnership to Expand Lending Access in Canada
Fintech Finance
SEPTEMBER 20, 2024
KOHO announces today their new partnership with Propel Holdings Inc. (“Propel”) (TSX: PRL). Through its Canadian brand Fora Credit, Propel will act as KOHO’s exclusive embedded lending partner. The partnership will allow qualified KOHO users to access a line of credit through Propel’s AI-powered lending platform within the KOHO app. “We’re proud to partner with Propel to further our mutual mission of empowering all Canadians to make financial progress.
Hokodo Reveals Biggest B2B E-Commerce Challenges Preventing Finance Teams From Keeping Pace
The Fintech Times
SEPTEMBER 20, 2024
With the B2B commerce industry rapidly changing, it should come as no surprise that some finance teams are struggling to keep up. However, new research by Hokodo , the provider of flexible payment terms for European merchants and marketplaces, reveals that as much as two-thirds of the industry is failing to keep pace. In the new investigative report, produced in partnership with the B2B eCommerce Association , Hokodo reveals that 66 per cent of finance leaders say their team is unable to keep pa
For the First Time, The Payments Association and We Fight Fraud Investigate APP Fraud Through the Eyes of the Victims, Criminals, and Affected Businesses
Fintech Finance
SEPTEMBER 20, 2024
The Payments Association , the most influential community in payments, and We Fight Fraud , an organisation that focuses on tackling financial crime, and supported by Cardaq , has released an investigative documentary exploring the potential impact of new authorised push payments (APP) legislation on consumers. It is also, crucially for the first time, exploring the new rules through the eyes of the criminal and how easily they will exploit them for their own ill-gotten gains. ‘ The New APP Rule
Major retail banks in Singapore to introduce SFV to mitigate phishing
The Paypers
SEPTEMBER 20, 2024
The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have announced that major retail banks are set to implement Singpass Face Verification (SFV).
Enhance Customer Value: Unleash Your Data’s Potential
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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.
Crack Down on Late Payments in Major Support Package for Small Businesses
Fintech Finance
SEPTEMBER 20, 2024
The government has unveiled new measures to support small businesses and the self-employed by tackling the scourge of late payments, which is costing small businesses £22,000 a year on average and leads to 50,000 business closures a year. The government will consult on tough new laws which will hold larger firms to account and get cash flowing back into businesses – helping deliver our mission to grow the economy.
Driving Efficiency and Trust in the Digital Age: Holon’s Vision for Blockchain and Data Custodianship
The Fintech Times
SEPTEMBER 20, 2024
In a wide-ranging discussion, Heath Behncke, managing director of Holon , shared his insights on how developments in technology, energy efficiency and the role of blockchain is enabling more transparent and trustworthy data management. Behncke began by highlighting the growing importance of energy efficiency across various technological applications, from Bitcoin mining to cloud computing. “The whole theme these days is about the sheer volume of energy and space required for everything, wh
NMI Partners With INIT to Revolutionize the San Diego Transit System With ‘Tap-On/Tap-Off’ Contactless Payments
Fintech Finance
SEPTEMBER 20, 2024
NMI ®, a global leader in embedded payments, has partnered with INIT , a leading supplier of public transit ticketing solutions, to implement a cutting-edge payment processing solution for the San Diego Metropolitan Transit System (MTS). This collaboration showcases a new “Tap-on/Tap-off” model that enhances both convenience and security for daily commuters on MTS buses and trolleys.
CoinMENA and Mesh Partner to Make Crypto Management Easier for Users Across Multiple Platforms
The Fintech Times
SEPTEMBER 20, 2024
Crypto transactions will become more seamless and secure following a new partnership between Mesh , a modern connectivity layer for crypto that makes transfers and account aggregation more seamless, and CoinMENA FZE , a digital assets trading platform in the Middle East. This collaboration aims to enhance digital asset transfer services by allowing the CoinMENA platform to be embedded into Mesh’s product suite.
Top Strategies to Future-Proof & Sustain Your Merchant Services Portfolio
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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.
Safaricom and Mastercard Partner to Expand Remittances and Payment Acceptance to Over 636,000 Merchants in Kenya
Fintech Finance
SEPTEMBER 20, 2024
Safaricom and Mastercard have signed a partnership to accelerate the adoption of payment acceptance and cross-border remittance services in Kenya. This collaboration is set to benefit over 636,000 merchants using M-PESA, Safaricom’s leading mobile money service. Kenya’s payment acceptance market continues to grow, with mobile wallet payments driven by M-PESA showing a 12.7% CAGR between 2020 and 2024.
RBA and Treasury Reveal the Role of CBDCs in Australia as Public Lacks Interest
The Fintech Times
SEPTEMBER 20, 2024
One of the biggest challenges central bank digital currencies (CBDCs) have faced in their development is who will actually use them. After all, if a country’s general public is happy with its current payment methods, why would they change? A new report from the Reserve Bank of Australia (RBA) supports this as it reveals public interest in a retail CBDC has yet to emerge in the country.
Astra Tech introduces Send Now, Pay Later service in the UAE
The Paypers
SEPTEMBER 20, 2024
Astra Tech , a consumer technology holding company, has launched a service in the UAE called ‘Send Now, Pay Later’ (SNPL) through its Botim Ultra App.
Slope Selects Checkout.com to Tackle Cash Flow Management Issues in US B2B Market
The Fintech Times
SEPTEMBER 20, 2024
Having raised $65million in a strategic round with support from JP Morgan in July 2024, bringing its total funding to $252million, Slope has announced its next major achievement as it partners with Checkout.com to enhance its payment performance for US enterprise merchants. B2B financing platform Slope, was born out of a need to solve the cash flow problem many firms experienced during the COVID-19 pandemic.
Deliver Mission Critical Insights in Real Time with Data & Analytics
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In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.
Privado ID and Disco merge to advance chain-agnostic digital identity
The Paypers
SEPTEMBER 20, 2024
Privado ID , formerly known as Polygon ID, has announced its merger with Disco , a company focused on multichain verifiable data and reputation management.
Project Nemo Launches Film and Podcast Series to Drive Disability Inclusion in Fintech
The Fintech Times
SEPTEMBER 20, 2024
Project Nemo, a not-for-profit initiative focused on accelerating disability inclusion in fintech, has launched a new film series and podcast aimed at raising awareness and driving change. The film series, titled Disability Inclusion Stories, features personal stories from the disability community, shining a light on the everyday barriers disabled people face when interacting with digital financial services.
UK government takes aim at late payments laws
Finextra
SEPTEMBER 20, 2024
A new Fair Payment Code has been announced by the UK government to manage late payments that cost SMEs.
MSB and TerraPay simplify cross-border money transfers
The Paypers
SEPTEMBER 20, 2024
Vietnam Maritime Commercial Joint Stock Bank (MSB) has partnered with TerraPay to enhance digital payment solutions by improving efficiency and reducing transaction costs.
Secure SaaS Success: Embedded Finance as a Competitive Advantage
Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms
Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.
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