The Payments Association

OCTOBER 16, 2024

PEXA, the world leader behind the first digital property exchange process, today announced that Metro Bank plans to collaborate with them to explore how to make the remortgaging journey for their customers faster and easier. The goal is to deliver quicker post-offer processes, faster remortgage completion times, and greater transparency for Metro Bank’s customers and brokers, all while building greater capacity for the bank.

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Payments Next

OCTOBER 16, 2024

Philip Plambeck, Senior Vice President, International, Computop For retailers, fraud is a serious issue they are actively trying to battle. And it’s The post Payments’ Role in Combating E-commerce Fraud Growth first appeared on Payments NEXT.

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Payments Posting Credit Cards AI 88

Fintech Finance

OCTOBER 16, 2024

Today, Helcim , a leading provider of payment solutions, now enables its U.S. customers to seamlessly and securely accept in-person contactless payments with Tap to Pay on iPhone. Tap to Pay on iPhone allows merchants to accept all forms of contactless payments, including contactless credit and debit cards, Apple Pay, and other digital wallets, using only an iPhone and the Helcim Point-of-Sale iOS app — no additional hardware or payment terminal is needed.

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Contactless Payments Payments Debit Card Payment Solutions 89

Payments Dive

OCTOBER 16, 2024

The card network giant has signed a new multi-year agreement with the marketing research firm Analytic Partners to deliver advertising insights to merchant clients.

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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

Fintech News

OCTOBER 16, 2024

UnionPay International (UPI) and the National Payment Corporation of Vietnam (NAPAS) will enhance their collaboration on cross-border QR code payment interoperability. The partnership will allow Vietnamese bank apps and e-wallets to use UnionPay ‘s QR payment system on each other’s networks, facilitating seamless transactions across both countries.

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Cross-Border Cross-Border Payments Interoperability ATM 86

Fintech Finance

OCTOBER 16, 2024

Swift today announced that it is rolling out new AI-enhanced fraud detection to help the global payments industry step up its defence as bad actors grow increasingly sophisticated. Available from January 2025, the service is the result of extensive collaboration with banks from around the world and a successful pilot earlier this year. The new capability builds on Swift’s existing Payment Controls Service — used by many small and medium-sized financial institutions — by drawing on pseudonymised

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Cross-Border Payments Cross-Border SWIFT AI 92

Finextra

OCTOBER 16, 2024

The Prague Stock Exchange is implementing distributed ledger technology in the settlement of securities under the EU's DLT pilot regime.

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Settlement Security Technology 90

Fintech Finance

OCTOBER 16, 2024

Fils , the global leader in enterprise-level sustainability infrastructure, has entered the African market, with a strategic partnership with eeasy , a digital payments technology company operating in Middle East & Africa with a focus on Egypt, to empower its clients in facilitating climate action, offering consumers the option to offset carbon emissions with every transaction.

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Payments Digital Payments Facilitators Transactions 82

NACHA

OCTOBER 16, 2024

RESTON, Virginia, Oct. 17, 2024 – Same Day ACH volume soared 67.5% in the third quarter of 2024, and total ACH Network payment volume rose 7.4% from a year earlier, new figures from Nacha showed. There were 355.2 million Same Day ACH payments in the third quarter; the value of those payments rose 38.8% to $844 billion. “These results are continued proof of the robust adoption of Same Day ACH.

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Fintech Finance

OCTOBER 16, 2024

Mollie , one of Europe’s fastest-growing financial service providers, today announces its integration with HubSpot , the customer platform for scaling businesses. The new integration will enable businesses across the UK to initiate and track payments directly from HubSpot in seconds, making CRM payment processing faster and saving hours of work each month.

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CRM Payments Payment Solutions Addressing 88

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

Finextra

OCTOBER 16, 2024

Banking co-operative Swift is rolling out an AI-powered anomaly detection service to help banks proactively detect and defend against potential financial crime.

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SWIFT AI Financial Crimes Crime 80

Fintech Finance

OCTOBER 16, 2024

Trovata , the pioneering force in corporate bank APIs, announces a new collaboration with Swift , the world’s leading provider of secure financial messaging services, which will extend the benefits of Swift’s tracking capabilities to more businesses through API connectivity. Connecting to Swift means Trovata can offer its multi-banked corporate customers unparalleled access to their corporate banking data and on-demand, real-time liquidity monitoring, while positioning Trovata’

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SWIFT ISO 20022 Cross-Border Payments API 73

Finextra

OCTOBER 16, 2024

With 500,000 businesses now on its books, digital challenger Monzo has launched a new subscription-based premium product plan, opening up a host of new services.

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Product 78

Fintech News

OCTOBER 16, 2024

DCS Card Centre has launched its first Visa credit card, the FLEX Card , designed for young professionals aged 21 to 35. According to DCS, it’s the first entry-level credit card in Singapore that lets users choose between rewards like miles, cash rebates, or investment credits. Cardholders can earn up to 2.4 miles per dollar spent, receive up to 8% cash rebates, or earn up to 8% in investment credits, credited to an iFast account.

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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

Finextra

OCTOBER 16, 2024

62.1% of UK consumers see mobile app fraud as a top concern, with 50% also citing hacking as a fear, according to findings from the Open Worldwide Application Security Project (OWASP) and Appdome.

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Security Consumer 69

Fintech News

OCTOBER 16, 2024

The Singapore Fintech Festival (SFF) 2024 is returning for its 9th edition from 6 to 8 November, with the Insights Forum taking place beforehand on 4 and 5 November. Building on its success in 2023, which attracted over 66,000 participants from 150 countries, SFF 2024 will feature a distinguished lineup of global central bankers, regulators, industry leaders, entrepreneurs, investors, innovators, and influencers.

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FinTech Cross-Border Payments AI Innovation 64

Finextra

OCTOBER 16, 2024

Klarna is to offload its UK loans book to hedge fund Elliot Advisors in an effort to free up £30 billion to fund its growth plans.

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Advisors 75

Payments Dive

OCTOBER 16, 2024

The Fed’s recent interest rate cut could spur even more deal-making in the remaining months of the year and into 2025. Mastercard, Global Payments and Payoneer are among the companies that have bought businesses this year.

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Bank Automation

OCTOBER 16, 2024

U.S. Bank increased its technology spend in the third quarter to further digitalize capabilities within its branch network. “Our strategy focus is to create density in the highest growth areas within our current footprint, rather than use branches to expand out of our footprint,” U.S. Bank President Gunjan Kedia said during today’s Q3 earnings call. […] The post U.S.

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Fintech Finance

OCTOBER 16, 2024

Macro Global , a leading global FinTech company, today announced a strategic partnership with Trust Payments , a leader in payments powering truly innovative customer-centric commerce solutions worldwide, which will make it simpler for cardholders to send money anywhere. This collaboration brings together Macro Global’s expertise in cross-border payments technology with Trust Payments’ cutting-edge acquiring solution and the TRU Connect Payment Gateway , delivering a superior customer experience

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Cross-Border Payments Cross-Border Payments Settlement 72

Bank Automation

OCTOBER 16, 2024

Bank Automation News is pleased to announce Koren Picariello, an executive director at Morgan Stanley and head of generative AI strategy and execution for Morgan Stanley Wealth Management, will be featured in a fireside chat at Bank Automation Summit U.S. 2025 on Monday, March 3, at 10 a.m. CT. The summit takes place March 3-4 […] The post Morgan Stanley gen AI exec Picariello to be fireside speaker at Bank Automation Summit U.S. 2025 appeared first on Bank Automation News.

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Fintech News

OCTOBER 16, 2024

Parliament has granted new powers to the Monetary Authority of Singapore (MAS) to block deals involving insurers tied to cooperatives. This move follows Allianz Europe’s bid to become the majority shareholder of Income Insurance where concerns were raised over the structure of the transaction and its potential impact on the latter’s social mission.

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Blocks Authorization Governance Government 60

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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

Finovate

OCTOBER 16, 2024

FedNow, the U.S. Federal Reserve’s instant payment service went live in July of 2023. Now, 15 months later, adoption rates have been unpredictably slow, especially when it comes to banks that are able to send FedNow payments. Before considering the challenges behind sending and receiving FedNow payments, here’s a look at some of the data behind adoption rates: Only around 900 financial institutions have connected to the FedNow network, a fraction of the 8,000 firms the Fed stated as

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Fintech News

OCTOBER 16, 2024

Swift, the global financial messaging network, is launching a new AI-powered service to help banks fight financial crime. The service, which will be available in January 2025, uses artificial intelligence to analyse pseudonymised data from billions of transactions and flag suspicious activity in real time. This new capability builds on Swift ‘s existing Payment Controls Service and was developed in collaboration with banks around the world.

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Fraud Detection SWIFT AI Financial Crimes 60

Finovate

OCTOBER 16, 2024

Payments credit union service organization (CUSO) Velera has turned to Arroweye Solutions for its dual interface debit and credit card portfolio. The multi-year partnership will provide faster speed to market and change orders, as well as zero inventory to avoid having to manage stores of pre-printed cards. Headquartered in Nevada, Arroweye made its Finovate debut at FinovateSpring 2011.

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Finextra

OCTOBER 16, 2024

Apex Fintech Solutions Inc. (“Apex”), a leader in enabling innovation and the future of digital wealth management, announced today that it has entered into an acquisition agreement with FinTron, a cutting-edge financial technology and design agency that specializes in creating high-end digital experiences for investors and advisors globally, subject to FINRA approval.

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FinTech Acquirers Advisors Agreements 59

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Bank Automation

OCTOBER 16, 2024

London-based Revolut Business is accepting American Express cards to boost revenue. Revolut clients can accept American Express card payments via channels including Tap to Pay, Revolut Gateway and Payments Link, according to an Oct. 9 release from the digital bank. Revolut Gateway provides customers with a unified payment experience for in-store or online payments to […] The post Revolut Business, Amex team up for payments acceptance appeared first on Bank Automation News.

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Gateways Payments Automation Posting 59

Fintech Finance

OCTOBER 16, 2024

Currys , the UK retailer that helps everyone enjoy amazing technology, has unveiled a revamped credit product to allow its customers to pay for tech at their pace. As part of its mission to not just sell electricals, but help customers afford, install, repair and protect amazing technology, Currys flexpay arrives as a credit product that gives customers extra flexibility when purchasing their tech.

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Product Finance Technology Credit Cards 59

Finextra

OCTOBER 16, 2024

Zopa Bank has won a deal with high street retailer John Lewis to to offer personal loans to its 23 million customers.

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Product 69

Fintech Finance

OCTOBER 16, 2024

Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) is paving the way to a significant reduction of plastic waste and CO 2 emissions in the payment card industry. The company today announced the launch of SECORA Pay Green which enables card designs allowing production of the world’s first fully recyclable contactless (dual-interface) payment card bodies based on environmentally friendly and locally sourced materials.

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Contactless Payments Technology Wire Wires 59

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.

Embedded Finance