Mon.Jan 15, 2024

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William Moroney Takes the Helm as President International at Temenos

Fintech News

Banking software company Temenos has promoted William Moroney as President International and appointed him to the executive committee. He is joined by the President Americas Philip Barnett who also joins the committee to drive the company’s growth. Moroney and Barnett both report to Temenos’ CEO Andreas Andreades. William Moroney, previously the Managing Director for Middle East & Africa at Temenos, is set to take on a broader role.

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Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

Stax

Are you struggling with resource constraints caused by soaring credit card processing costs? Is your business experiencing an increase in complaints from customers about hidden fees or unexpected charges? No surprise there. Swipe fees have doubled in a decade and increased by 20% since 2022. Credit card surcharging can help offset these expenses, but it can be tricky.

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Airwallex Plans for IPO in 2026, Tackles Compliance and Culture Challenges

Fintech News

Airwallex, an Australian-born global payments firm, is preparing for an initial public offering (IPO) within the next two years, according to its billionaire founder and CEO, Jack Zhang. The Australian Financial Review reports that the company, valued at US$5.6 billion, anticipates annual recurring revenue of US$350 million in 2023. In October 2022, Airwallex had closed its Series E2 financing round with an additional US$100 million, bringing its total funds raised to more than US$900 million.

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XRP Healthcare Becomes XRPL Validator to Ensure a ‘Secure and Transparent Healthcare Ecosystem’

The Fintech Times

XRP Healthcare , a pharma and healthcare platform built on the XRP Ledger, has become one of the select worldwide validator nodes on the XRP Ledger (XRPL) network. XRP explained that the move underscores XRP Healthcare’s dedication to transparency and solidifies its position as a trailblazer in the dynamic realm of blockchain technology. The concept of validator nodes on the XRP Ledger dates back to the foundation of Ripple Labs , the entity behind the development of the XRPL.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

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

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5 Things to Know About SGQR+, Singapore’s Unified Payments QR

Fintech News

In Singapore, micro and small merchants (MSMEs) are responding to the ever-increasing consumer demand for cashless options, and are swiftly embracing QR payment solutions. Looking ahead, the Monetary Authority of Singapore (MAS) has introduced the SGQR+, an innovative concept aimed at revamping Singapore’s QR payments infrastructure for the future. Building upon SGQR, SGQR+ represents the next generation of interoperable payments for merchants., designed to align with the country’s vision

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Athens to run multimodal mobility-as-a-service pilot

NFCW

ATHENS: Tourists won’t have to buy and validate tickets, and will benefit from the optimum fares for their day’s travel Transport for Athens (OASA), the company that operates metro, tram, trolleybus and bus services in the Greek capital, is to upgrade its automated fare collection system to allow boarding with bank cards and mobile devices and to support multi-modal mobility-as-a-service ticketing.

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Shaping a Brighter Future: The Transformative Role of UK Fintech

The Fintech Times

UK fintechs are gradually changing the face of finance. They have helped to boost the economy, are drastically improving financial inclusion and doing their part in increasing financial security. But with much still to improve, they cannot afford to slow their approach. Graham Cressey is the director of Accenture ‘s FinTech Innovation Lab’ in London.

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Validus Raises US$10 Million in Debt Funding from Lendable

Fintech News

Southeast Asian SME financing platform Validus has secured US$10 million in debt financing from debt finance provider Lendable. According to Lendable, the investment was made as it “recognises Validus’s potential in fulfilling the region’s SME financing needs through its innovative approach” This latest announcement comes on the heels of Validus’ recent S$20 million investment from growth-stage private equity firm 01Fintech.

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Despite Plans to Reach Net Zero, 53% of Fintechs Could be Unintentionally Greenwashing

The Fintech Times

In the last five years, the push for a green-first attitude has become extremely prevalent in the fintech sphere. However, some firms are going too far, reveals Ivalua , the cloud-based spend management software provider, and unintentionally greenwashing. Greenwashing, the practice of exaggerating a company’s or product’s green credentials, thereby misleading consumers and hindering meaningful climate action, has become a mainstream thing that many firms wish to avoid.

FinTech 64
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MAS Encourages Use of Recycled Notes and E-Hong Baos for Chinese New Year

Fintech News

The Monetary Authority of Singapore (MAS) is encouraging the use of previously circulated, high-quality currency notes, termed as “Fit-for-Gifting” notes or digital red packets also known as e-hong baos for the upcoming Lunar New Year (LNY). This initiative, starting on 17 January 2024, aims to lessen environmental impact and is part of a broader, multi-year effort towards a greener future.

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15 Modern Use Cases for Enterprise Business Intelligence

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?

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Forter launches Abuse Prevention solution

The Paypers

US-based Forter has announced the launch of its Abuse Prevention solution that aims to allow merchants to identify and eliminate abuse through policies and simulations.

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Jabil Teams with Fintech Leader Revolut to Scale Development and Production of Innovative Mobile Payment mPOS Solution

Fintech Finance

Jabil Inc. (NYSE: JBL) today announced ongoing innovation between its payment solutions business unit and Revolut , a digital banking pioneer and global financial super app provider, to support the neobank’s rapid growth trajectory and global expansion in merchant acquiring. Jabil’s custom, pre-certified Point-of-Sale (POS) hardware platform, as well as other retail automation technologies transforming digital commerce, will be on display at NRF’24 (Booth 4375).

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The Three Largest Surprises in PSD3: Vulnerable Customers Left Vulnerable

BioCatch

In the first two blogs in this series, I examined the missed opportunities in PSD3 around the fraud liability policies and the inconsistencies and far too limited scope for the exchange of fraud-related data. In this third and final blog, I will take a closer look at what the European Commission (EC) is proposing related to vulnerable customers. One would expect politicians to pay special attention to the vulnerable as they need extra care and protection.

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Mastercard Unveils Small Business AI to Offer Unbiased Advice to ‘Diverse Entrepreneurial Needs’

The Fintech Times

As much as 88 per cent of small business owners acknowledge the value of having a mentor, but many don’t have the expertise or employees to turn to. Mastercard is launching a new AI-powered tool to help solve these problems. Mastercard Small Business AI is a tool that harnesses the ability of artificial intelligence to deliver customised assistance for small business owners across the globe.

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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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ipaymy Debuts ‘Fetch’ for Streamlined Invoicing, Crypto Payments for SMEs

Fintech News

ipaymy, a fintech company specialising in B2B payments, has unveiled its latest offering, Fetch , an invoicing platform aimed at enhancing the payment processes for SMEs in Singapore, Hong Kong SAR, Malaysia, and Australia. Fetch is designed to streamline the accounts receivable process for SMEs by introducing a simplified and automated management system.

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Payhawk Collaborates with Astrid & Miyu for New Podcast Series UNBOXED

The Fintech Times

Payhawk , a spend management platform specialising in serving scale-up businesses, has sponsored Astrid & Miyu ‘s latest podcast series, UNBOXED, extending their year-long partnership. The official launch event for UNBOXED is scheduled for Monday 15 January, with Payhawk’s sponsorship underscoring its commitment to supporting startup and scale-up growth.

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Worldline and Google Announce Strategic Partnership to Enhance Digital Payments Experiences with Cloud-Based Innovation

Fintech Finance

Worldline (Euronext: WLN), a global leader in payment services, and Google announced today a strategic partnership designed to leverage cutting-edge cloud-based technologies from Google Cloud to take Worldline’s digital transformation further. As part of the partnership, Google will also work with Worldline to facilitate seamless online payments for Google’s customers in Europe.

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Understanding and preparing for the upcoming changes in APP fraud regulations

Neopay

In the ever-evolving landscape of digital transactions, staying ahead of fraudulent activities is crucial for financial institutions and payment service providers (PSPs). One of the imminent challenges on the horizon is the anticipated changes to regulations concerning Authorised Push Payment (APP) fraud. The UK’s Payment Services Regulator (PSR) is in the process of finalising new regulations that will significantly impact PSPs using the Faster Payments Service (FPS).

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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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Paycorp and Triple-A Partner to Enable CryptoExpress App Users to Withdraw Cash at Over 3000 ATMs across South Africa

Fintech Finance

Leading global payment company, Paycorp , has partnered with Triple-A , the digital currency payment institution, to allow users of the Paycorp-powered CryptoExpress app, to use their digital currencies to make cash withdrawals at over 3,000 ATMs in South Africa. By offering digital currency holders a simple and practical way to convert their digital currencies and withdraw them in South African Rands, this partnership heralds a new era in integrating digital assets into day-to-day transactions

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The ultimate guide to OCR to spreadsheet conversion

Nanonets

Have you ever needed to extract data from a PDF or scanned document into a spreadsheet? OCR can be a real timesaver. Simply scan your documents and convert the images into editable, searchable text. OCR makes data extraction easy, whether working with PDFs, photos, or scanned pages. This guide will walk you through the OCR to spreadsheet process — from scanning to improving accuracy.

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Tulip Announces Tulip Pay, a Payment Integration Powered by Stripe

Fintech Finance

Tulip , a leading provider of retail customer engagement solutions, today announced the launch of Tulip Pay to support in-person retail transactions. Tulip Pay is a payment integration powered by Stripe, a financial infrastructure platform for businesses. Tulip Pay is a full-featured payment system that’s simple and quick to deploy, easy to maintain, and fully supported by Tulip.

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Yonder Goes Live with GoCardless for Variable Recurring Payments

The Nilson Report

The post Yonder Goes Live with GoCardless for Variable Recurring Payments appeared first on Nilson Report.

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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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Corpay Cross-Border Named the Official FX Partner for Cricket Ireland

Fintech Finance

Corpay , a FLEETCOR® (NYSE: FLT) brand and global leader in business payments, is pleased to announce that Corpay’s Cross-Border business has entered into an agreement with Cricket Ireland to become their Official Foreign Exchange (FX) Partner. Through this partnership, Cricket Ireland, along with their broader ecosystem of corporate business partners* will be able to gain access to and utilise Corpay’s innovative solutions to help mitigate their foreign exchange exposure.

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Detected gets USD 2.5M to build category-defining technology

The Paypers

UK and US-based fintech Detected has announced a new funding round of USD 2.5 million from existing investors Thomson Reuters Ventures , Love Ventures , and investment angels.

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Capital on Tap Introduces Revolutionary Preloading Feature to Extend SME Spending Power

Fintech Finance

Capital on Tap, a global FinTech providing an all-in-one business credit card and spend management platform, today introduced Preloading. This first-of-its-kind functionality allows customers to extend their spending capabilities beyond their existing credit limit. Preloading works by allowing customers to top up their Capital on Tap credit balance with their own funds.

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Flagright, MUWE enhance digital payment security in LATAM

The Paypers

AI-powered AML compliance solutions provider Flagright has announced its collaboration with MUWE , aiming to improve digital payment security in LATAM.

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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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NCR Voyix Delivers Flexible, Future-Forward Next Generation Self-Checkout Solution

Fintech Finance

NCR Voyix Corporation (NYSE: VYX), a leading global platform and provider of digital commerce solutions for the retail, restaurant and banking industries, and the world’s largest self-checkout vendor, today announced the launch of its Next Generation Self-Checkout Solution powered by NCR Voyix Commerce Platform. The NCR Voyix Next Generation Self-Checkout Solution is a significant evolution in the checkout experience for retailers and shoppers alike.

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MagicCube partners with Shift4 for i-Accept Tap-to-Pay solution

The Paypers

US-based IoT security platform MagicCube has teamed up with payment processor Shift4 to offer the i-Accept Tap-to-Pay solution to US merchants.

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WSPN Forges Strategic Alliance with Fireblocks to Advance Digital Payments Ecosystem

Fintech Finance

WSPN , a leading global digital payments company, proudly announces a strategic collaboration with Fireblocks , an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain, to expand global digitals payment adoption and propel financial inclusion. This collaboration marks a significant step forward for WSPN in its commitment to reshape the future of digital payments worldwide.

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CreditLadder offers rent reporting for Digital ID Connect's user base

The Paypers

UK-based rental data reporter CreditLadder has enabled digital identity app Digital ID Connect ’s users to report their rental payments to credit agencies.

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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.