Fintech News

SEPTEMBER 11, 2024

Swift, the global financial messaging network, is actively working to incorporate regulated digital assets and currencies onto its platform. Building on a series of successful experiments, Swift is advancing efforts to create practical solutions that will enable its members to transact seamlessly with digital assets. A key focus of these developments is testing multi-ledger Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) transactions.

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Finextra

SEPTEMBER 11, 2024

The number of card transactions in Europe is set to plummet by more than a third over the next three years, driven by the rise of account-to-account payments as ventures such as the EPI's new Wero wallet gain traction, claims a Capgemini report.

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Fintech News

SEPTEMBER 11, 2024

Singapore’s cryptocurrency market has seen a notable increase in crypto payments , with merchant services receiving nearly US$1 billion in crypto during the second quarter of 2024. This surge reflects growing adoption of digital assets as a payment method across various industries, including services offered by local startups like dtcpay and the super-app Grab.

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The Fintech Times

SEPTEMBER 11, 2024

Central bank digital currencies (CBDCs) have a lot of potential to uproot the cross-border payments market. The latest move by the National Bank of Ras Al Khaimah (RAKBANK) highlights this. RAKBANK has successfully exchanged a remittance using China’s digital Yuan (eCNY) in exchange for the Digital Dirham, the UAE’s CBDC. The cross-border payment was completed using the Central Bank of the UAE’s (CBUAE) mBridge platform and marks a significant step forward in the international

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Speaker: Jennifer Wright and Nick Barron

Navigating the complexities of e-commerce requires more than just the right technology - It demands a holistic strategy that aligns platform capabilities with customer- centric design and marketing. This webinar will provide a roadmap for building a robust e-commerce strategy, guiding you through key decisions from platform selection to creating user experiences that convert, and leverage digital marketing to reach and retail customers.

On-Demand

TechCrunch Fintech

SEPTEMBER 11, 2024

Paymob has evolved into an omnichannel gateway offering over 50 methods for offline and online payments to more than 350,000+ merchants. © 2024 TechCrunch. All rights reserved. For personal use only.

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Finextra

SEPTEMBER 11, 2024

The Church of England has completed a three-year project to roll out contactless giving devices to more than 2200 churches, which have raised almost £4 million in donation so far.

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Finextra

SEPTEMBER 11, 2024

NatWest has become the latest of the UK's big mortgage lenders to join the Open Property Data Association (OPDA), backing efforts to bring a standardised approach to sharing digital data in the home buying process.

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Fintech Finance

SEPTEMBER 11, 2024

The Capgemini Research Institute’s World Payments Report 2025 , published today, reveals an industry set to be reimagined with account-to-account and instant payments. Now celebrating its 20th anniversary edition, the report predicts instant payments will account for 22% of all non-cash transaction volumes by 2028 globally. Since the inaugural World Payments Report in 2004, the payments industry has undergone a dramatic transformation over the past two decades.

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Finextra

SEPTEMBER 11, 2024

Global banking co-operative Swift is moving forward with plans to offer member banks access to emerging digital asset classes and currencies over its network, covering a range of use cases in payments, securities, FX, trade and beyond

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Fintech Finance

SEPTEMBER 11, 2024

Silverflow , the innovative cloud-native payment processing company, has struck a new partnership with Chesapeake Bank , a community bank renowned for its commitment to embracing innovation in payments. This collaboration aims to provide Chesapeake Bank’s ISO clients with a modern, high-performance, and robust payment processing solution. By leveraging Silverflow’s state-of-the-art processing platform, Chesapeake Bank, through its division, Chesapeake Payment Systems, will significantly en

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Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms

Join Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms for an informational webinar about how to select the ideal payments provider for your platform! This session highlights the 7 key criteria for assessing payments partners and maximizing the value of your investment. From evaluating technology and business development programs to understanding support and compliance, this webinar will equip you with a comprehensive evaluation framework and strategy for

Payments

Payments Dive

SEPTEMBER 11, 2024

The payments technology company is getting a remake with job cuts, an acquisition and potential divestitures a year after Cameron Bready ascended to the CEO post.

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Fintech Finance

SEPTEMBER 11, 2024

Jeeves , the leading all-in-one expense management platform, is pleased to announce the appointment of Gustavo Gorenstein, “Guga,” as the new General Manager for Brazil. This significant appointment underlines Jeeves’ commitment to the Brazilian market, which has rapidly become a key focus area for the company’s growth strategy.

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NFCW

SEPTEMBER 11, 2024

“As of September 3, riders have tapped a contactless card, phone, or watch over a million times to pay their fares since we launched our contactless payment system on August 1,” the Massachusetts Bay Transit Authority (MBTA) reports. Public transportation users in the Greater Boston area are able to use contactless payments to pay for their fares on buses, Green Line trolleys, Mattapan Line trolleys, and at all gated subway stations.

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Fintech Finance

SEPTEMBER 11, 2024

Paymob , MENA’s leading financial services enabler, announces a $22 million Series B extension round – taking the Company’s total Series B funding to $72 million. The funding was led by EBRD Venture Capital with participation from Endeavor Catalyst. Existing investors PayPal Ventures, BII, FMO, A15, Nclude and Helios Digital Ventures participated in the round, reaffirming their endorsement of Paymob’s business model, strategy and leadership in the regional fintech sector.

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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

Payments Dive

SEPTEMBER 11, 2024

Fidelity National Information Services this week continued an annual program backing young fintechs that are striving to disrupt the financial services landscape.

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Fintech Finance

SEPTEMBER 11, 2024

NymCard , a leading Banking-as-a-Service (BaaS) provider, has joined forces with Mastercard to offer fast global money transfers to its customers from the UAE to 47 countries through one secure connection. The collaboration will strengthen NymCard’s BaaS platform and leverage Mastercard Cross-Border Services, part of the Mastercard Move portfolio of money transfer solutions, to deliver efficient international remittance experiences to various countries including Bangladesh, Egypt, India, Nepal,

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Bank Automation

SEPTEMBER 11, 2024

NEW YORK — KeyBank is hesitant to join the Federal Reserve’s real-time payments network FedNow until the payments rail shows some growth. The $184 billion bank wants FedNow to reach 5% of demand deposit accounts (DDA) before joining the payment network. DDA’s allow deposited funds to be withdrawn at any time, Jon Briggs, head of […] The post KeyBank to hold off on FedNow until DDA reach hits 5% appeared first on Bank Automation News.

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Fintech Finance

SEPTEMBER 11, 2024

Thunes , the Smart Superhighway for money movement around the world, announces a strategic alliance with TeleMoney , the International Remittance arm of Arab National Bank (ANB). This collaboration marks a significant milestone, as TeleMoney’s membership in the Thunes Direct Global Network underscores the growing trust that Thunes has earned from established financial institutions in Saudi Arabia seeking to expand their global cross-border payment capabilities.

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Bank Automation

SEPTEMBER 11, 2024

TD Bank was ordered to pay $28 million in fines by the Consumer Financial Protection Bureau, which ruled the bank had shared inaccurate information about its customers to consumer reporting companies. Consumer reports are used by financial institutions and other lenders to determine access to credit, housing or employment. By sharing inaccurate information regarding bankruptcies […] The post CFPB fines TD Bank $28M appeared first on Bank Automation News.

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Fintech Finance

SEPTEMBER 11, 2024

Shoplazza , a leader of e-commerce solutions, announced today a new partnership with Stripe , a financial infrastructure platform for businesses, to power Shoplazza’s payment platform. This partnership, unveiled at the Stripe Tour Singapore 2024 – Asia Pacific Regional Event, represents a major advancement in Shoplazza’s e-commerce payments, aimed at enhancing both efficiency and security for merchants. “Our partnership with Stripe is a game-changer,” said Jeff Li, Found

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Finextra

SEPTEMBER 11, 2024

The UK's new Labour government is introducing a bill that will ensure that Bitcoin and other digital assets can be considered personal property, boosting legal protection for owners.

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Fintech Finance

SEPTEMBER 11, 2024

CLOWD9 , the leading provider of cloud-native payment processing solutions, proudly announces the appointment of Paul Hansford as its new Chief Technology Officer (CTO), effective immediately. Paul Hansford brings a wealth of experience from his tenure at Thredd, serving as their Head of Software Engineering and CTO, where he played a pivotal role in driving technological advancements and fostering growth in the fintech industry.

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Payments

The Fintech Times

SEPTEMBER 11, 2024

NatWest Group has joined the Open Property Data Association (OPDA) to support the digital transformation of the homebuying process by improving the sharing of property data across the mortgage market. This collaboration is part of a broader push to modernise the property market, where the average homebuying journey currently takes around 22 weeks, with less than one per cent of property information available digitally.

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Bank Automation

SEPTEMBER 11, 2024

Michelle Beyo, chief executive of consultancy firm Finavator, will be featured in the upcoming Bank Automation News webinar “The future of open banking: Payments meet data,” taking place on Tuesday, Sept. 17, at 11 a.m. ET. Register here for the webinar. The free, 45-minute webinar moderated by BAN Editor Whitney McDonald will see industry leaders […] The post Webinar on future of open banking to feature Finavator’s Beyo appeared first on Bank Automation News.

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Finextra

SEPTEMBER 11, 2024

The new Labour Government says it remains committed to taking forward the Private Intermittent Securities and Capital Exchange System (Pisces), a bespoke regulated market for private company shares.

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Bank Automation

SEPTEMBER 11, 2024

American Express and card-on-file management company Knot are launching a card-on-file payments solution to improve the payment experience at trusted retailers. “Amex has integrated with Knot’s CardSwitcher technology, which allows eligible card members to quickly and securely provide their payment information to participating merchants directly through the Amex website,” Stephanie Schultz, vice president and head […] The post Transactions: Amex, Knot launch card-on-file solution appeared

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The Paypers

SEPTEMBER 11, 2024

First Citizens Bank has announced that its business and consumer banking customers can now instantly receive payments into their savings and checking accounts through the national RTP network.

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The Fintech Times

SEPTEMBER 11, 2024

UAE digital asset users will be able to take advantage of international cross-border bank, Standard Chartered ‘s digital asset custody service as it lands in the country. The service has been given the green light to operate in the Dubai International Financial Centre (DIFC) by the regulator, Dubai Financial Services Authority (DFSA). The announcement follows the memorandum of understanding (MoU) which was signed in May 2023, which showcased the bank’s ambitions to offer digital asse

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The Paypers

SEPTEMBER 11, 2024

Embedded finance platform Liberis has partnered with fintech myPOS to enable the latter to offer revenue-based financing for SMEs in 10 European countries, starting with the UK.

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The Fintech Times

SEPTEMBER 11, 2024

Market manipulation has become extremely sophisticated in the past decade, and has led to many firms facing extremely high (often eight or nine-figure) non-compliance fines. To help financial firms spot, mitigate and remediate potential instances of market manipulation, TradingHub , the risk-based trade surveillance software provider, has expanded into Australia.

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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