Thu.May 09, 2024

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Jack Henry, Visa see escalating FedNow volume

Payments Dive

While the Federal Reserve won’t specify payments volume on the new instant system, executives from certified service providers Visa and Jack Henry said they’re seeing an increase.

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Tenity and XDC invite applications for Web3 accelerator

Finextra

Tenity, a leading innovation ecosystem and vc-backed accelerator for early-stage startups, announced the launch of the XDC Accelerator Program and invited startups to build on the XDC Network.

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Visa Combats Enumeration Attacks With New Generative AI-Powered Anti-Fraud Tool

The Fintech Times

Enumeration attacks, where threat actors use automated scripts or botnets to repeatedly submit card-not-present (CNP) transactions using different combinations of payment values, such as a primary account number (PAN), a card’s verification value (CVV2), expiration date and postal code, cause as much as $1.1billion annually in fraud losses. Recognising the significance of this type of fraud, payments giant Visa has updated its Visa Account Attack Intelligence (VAAI) with a new tool that uses gen

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Global mobile banking malware surges 32%

Finextra

Global mobile banking trojan attacks on Android users grew by a third in 2023, while cryptocurrency-related phishing also saw a sharp increase, according to a Kaspersky report.

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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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Charting the future: Developing the UK’s national payments vision and strategy

The Payments Association

His Majesty’s Treasury is developing a vision and strategy for UK payments. This could herald a period of leadership of payments by the Government – if the ingredients are right.

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Exploring UK Fintech: Growth, Disruption, and Future Trends

Finextra

At IFGS 2024, Clare Gambardella, Chief Customer Officer at Zopa Bank, breaks down the success factors driving the UK fintech scene. From regulatory agility to consumer demand and access to funding, we discuss what sets the UK apart, major tech disruptors such as contactless payments and open banking, and the evolving needs of the next generation of consumers.

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More Trending

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Fortifying the UK's Position as a Global Fintech Hub

Finextra

Join FinextraTV at IFGS 2024 as Richard Davies, CEO of Allica Bank, sheds light on the UK's potential to become a global fintech hub. We discuss the steps the UK must take to solidify its industry leading position, including diversifying financial service providers, fostering fintech growth, nurturing global champions, and gaining insight into the role the government has in shaping the fintech ecosystem with key policy recommendations to drive innovation and scalability.

FinTech 115
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How Core Modernisation Is Paving the Way for Invisible Banking

Fintech News

In an era dominated by digital innovation, the banking sector is evolving rapidly to meet the modern consumer’s demands for seamless and integrated financial services. This movement towards “invisible banking” marks a departure from traditional banking practices, offering a glimpse into a future where banking is an invisible, yet integral, part of daily life.

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WaFd Bank signs with Fiserv for small business payments

Finextra

Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial technology, announced today that WaFd Bank has selected CashFlow Central from Fiserv to enhance their robust small business banking offerings and streamline payments.

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Trust Bank Names Veteran Banker Aditya Gupta as Chief Product Officer

Fintech News

Singapore’s digital bank Trust announced that it has appointed Aditya Gupta as its new Chief Product Officer. Aditya steps into this role succeeding Michal Bialer, who served as Chief Product Officer from 2021 to 2023 and has since been promoted to Managing Director and Chief Product and Customer Officer. He brings a rich background with over twenty years of experience in spearheading business transformations at global banks and fintech companies.

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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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Access Bank Group and Mastercard Join Forces to Expand Opportunities for Cross-Border Payments for African Businesses and Consumers

Fintech Finance

A leading multinational bank, Access Bank Group , has today launched an innovative solution in collaboration with Mastercard to expand access to cross-border payments and remittances to and from the continent, bringing Africa closer to the global economy. By leveraging the network and treasury capabilities of Mastercard Move, Access Bank, through its cutting-edge Access Africa platform, shall empower individuals and businesses to enjoy instant, traceable, seamless, and cost-effective internation

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Banks positioned for M&A wave following Q1

Bank Automation

Financial institutions that think about efficiency and growth when considering tech spend can respond quickly to merger and acquisition opportunities, Danny Baker, vice president of market strategy at technology provider Fiserv, told Bank Automation News. “Successful banks, when they think about their technology investment, they don’t think about efficiency from a penny-pinching [perspective],” he said.

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Corpay to buy Paymerang

Finextra

Corporate payments company Corpay is set to buy account payable automation outfit Paymerang. Financial terms have not been disclosed.

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Visa announces generative AI-powered fraud solution

The Paypers

Visa has launched Visa Account Attack Intelligence (VAAI) to combat card testing attacks, reducing fraud and operational losses in real-time for US issuers.

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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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The future is tokenized. You’re either on board or you get left behind.

Finextra

If you seek the trigger to lead the next leg of the crypto "bullish" market, it won't be E.

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Wink Pay Launches in Lebanon in Cooperation with Codebase Technologies and Visa International for Digital Onboarding and Instant Card Issuance

Fintech Finance

Wink Pay , a newly-launched digital payments brand in Lebanon, has collaborated with Visa , the world leader in digital payments, and Codebase Technologies to introduce the country’s first fully-digital onboarding and instant card issuance proposition for Visa prepaid virtual cards. This revolutionary service provides over 5 million Lebanese citizens with the ability to manage their payments securely and transparently for local and international purchases without needing a bank account.

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How financial services organisations can protect valuable data in the age of ransomware

Finextra

There’s no hiding from it; ransomware is once again on the rise and today’s attackers do not discrim.

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FIS Launches Embedded Finance Platform Atelio

Finovate

FIS unveiled its embedded finance platform, Atelio by FIS, this week. The platform leverages FIS’ existing technology to enable businesses to embed a variety of financial products and services into their offerings. FIS made its Finovate debut at FinovateSpring in 2013. Stephanie Ferris is CEO and President. FIS is the latest company to introduce a platform to make it easier for businesses and software developers to embed financial services and fintech solutions into their products and serv

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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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Cube RegTech rollup continues with acquisition of Reg-Room

Finextra

Regulatory intelligence firm Cube has acquired US-based Reg-Room, the latest in a planned series of acquisitions to drive consolidation in the market for regulatory technology.

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GLEIF Approves BNP Paribas as Latest Validation Agent in Global LEI System

The Fintech Times

The Global Legal Entity Identifier Foundation (GLEIF) has approved multinational bank BNP Paribas as a ‘Validation Agent’ in its Global LEI System; enabling the bank and its clients to enjoy enhanced client onboarding and lifecycle management processes. BNP Paribas becomes the latest global financial institution to be approved as a Validation Agent, with over 15 currently operating globally.

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Brazillian digital bank Nubank surpasses 100 million customers

Finextra

Eleven years after launching with a credit card product in Brazil, digital banking startup Nubank has transformed into a LatAm financial juggernaut, surpassing 100 million customers in Brazil, Mexico, and Colombia.

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Robinhood automated deposits up 100% QoQ

Bank Automation

Investing platform Robinhood added more than $3.4 billion through its automated customer account transfer service in the first quarter, up 100% quarter over quarter.

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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.

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Mastercard starts domestic payments processing in China

Finextra

US card giant Mastercard, through a joint venture, has finally begun processing domestic payments in China.

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Finovate’s Credit Union Spotlight Showcases Challenges and Opportunities for CUs

Finovate

Finovate’s Credit Union Spotlight is back! This month at FinovateSpring – May 21 through May 23 – Finovate will host a special session to give leaders and professionals working at credit unions an opportunity to meet and network with their peers as well as with fintech innovators who are building solutions specifically for credit unions. Coordinated by Finovate Vice President and Director of Fintech Strategy Greg Palmer and Sam Das, Managing Director of TruStage Ventures, the Credit Union Spotli

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This Week in Fintech: TFT Bi-Weekly News Roundup 09/05

The Fintech Times

Welcome to The Fintech Times Bi-Weekly News Roundup on Thursday 9th May 2024, bringing you the latest updates from across the world. Appointments BlueSnap , a global payment orchestration platform for B2B and B2C businesses, announced the appointment of Brian Greenfield as chief financial officer. He joins BlueSnap’s executive team to lead financial operations as the company prepares to embark on its next phase of growth.

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Canada fines Binance C$6m for AML violations

Finextra

Cryptocurrency exchange Binance has been fined C$6 million by Canadian authorities for violating money laundering and terrorist financing laws.

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Deliver Mission Critical Insights in Real Time with Data & Analytics

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.

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YES BANK and EBANX Look to Enhance Global Commerce Opportunities for Merchants Across India

The Fintech Times

YES BANK , a private sector bank in India, is partnering with EBANX , a global fintech firm providing payment solutions for emerging markets, to offer a suite of scalable payment solutions to merchants. By collaborating with EBANX, YES BANK hopes to streamline cross-border payment processing and enhance global commerce opportunities for global merchants and customers across India.

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Jack Henry to launch cloud-native solutions

Bank Automation

Jack Henry invested in automation technology, grew its client base and explored AI during its fiscal third quarter, which ended March 31. The tech provider is working on a cloud-native online deposit and loan account opening solution, Chief Operating Officer and incoming Chief Executive Gregory Adelson said during Jack Henry’s May 8 earnings call.

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Banked Partners with National Australia Bank to Accelerate A2A Payment Solution Adoption

The Fintech Times

Banked , the real-time payments provider, has joined forces with the National Australia Bank (NAB) to accelerate the number of Australian merchants adopting and integrating account-to-account (A2A) payment solutions. The NAB and Banked partnership aims to boost the use of A2A and ‘ Pay by Bank ’ technology, using Australian Payments Plus (AP+) ‘PayTo’ services – making it easier for merchants to give Australians more choice and control over how they pay.

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MoneyGram pitches AI-generated Mother's Day cards

Finextra

In advance of Mother’s Day, one of the most significant holidays for the cross-border payments industry, MoneyGram has launched “Make Your Mother’s Day,” a funny and memorable way to celebrate moms – no matter where they are in the world.

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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.