Payments Dive
AUGUST 16, 2024
JD Power’s annual credit card survey found that more than half of U.S. credit card users don’t pay their balances in full every month, and less than half are considered financially healthy.
Faster Payments Council
AUGUST 16, 2024
Join us for an upcoming FPC webinar, sponsored by Finzly, on Wednesday, September 18 from 12:00pm-1:00pmET. Is your financial institution fully harnessing the potential of RTP® and FedNow® to drive growth? While 'receive-only' instant payments is a significant step forward, the true transformative power lies in actively sending payments. In a recent joint survey from the FPC and Finzly, it unveiled that corporate customers drive nearly 78% of instant payments revenue.
Payments Dive
AUGUST 16, 2024
The Federal Reserve is still seeking to allay financial institutions' concerns that faster payments allowed by the new instant payments system could lead to faster fraud.
The Payments Association
AUGUST 16, 2024
SMEs are, globally, the lifeblood of economies but perennially underserved and overlooked by the payments industry. This must change and, with the UK leading the charge, it is clear where to start.
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
Stax
AUGUST 16, 2024
The SaaS market has witnessed rapid growth in recent times. From $412 billion in 2021 to $591 billion in 2023, the industry has expanded by more than 140%. However, it now stands at a pivotal juncture. After years of unbridled growth, SaaS companies are moving away from a “growth at all costs” mindset to “responsible growth.” The industry is looking towards building resilience to changes and disruptions.
The Payments Association
AUGUST 16, 2024
Outsourcing customer support allows companies to focus on growth while ensuring high-quality service through experienced partners who personalise solutions, maintain brand consistency, and leverage advanced technology.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
The Payments Association
AUGUST 16, 2024
When consumers encounter an unrecognized charge on their account, their first instinct is often to dispute the transaction with their bank, although it doesn't always indicate fraud. Unrecognized transactions are the leading cause of disputes, with Chargebacks911’s Cardholder Dispute Index revealing that 58% of cardholders find transaction descriptions on statements confusing.
Fintech Finance
AUGUST 16, 2024
allpay , a leading payment services provider in the UK, is delighted to announce the appointment of Matt Marskell as Sales and Marketing Director (Non-Board) to its leadership team. Joining the company in July, Matt brings over a decade of multifaceted expertise in sales, marketing, and business growth within the SaaS, fintech, and payment services industries.
Bank Automation
AUGUST 16, 2024
Revolut Ltd. said a secondary share sale that allowed the company to give employees liquidity for their stakes valued the company at $45 billion. The round was led by investors Coatue, D1 Capital Partners and Tiger Global, according to a statement. Morgan Stanley served as sole placement agent on the deal.
The Fintech Times
AUGUST 16, 2024
Gopher , the on-demand marketplace connecting users with qualified workers for various services , is enhancing its identity verification following a collaboration with iDenfy , the Lithuanian-based regtech. This will see the regtech help with Gopher’s new TrustShield programme, marking a significant step forward in securing the platform’s services with transparent identities for both users and service providers.
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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?
Bank Automation
AUGUST 16, 2024
Open banking regulation is quickly approaching but financial institutions are asking the Consumer Financial Protection Bureau to extend the timeline for implementation. FIs are expected to have an open banking framework in place within six months, according to the CFPB’s proposal.
Payments Dive
AUGUST 16, 2024
The British fintech has completed a secondary share sale with new and existing investors to provide liquidity to employees.
Bank Automation
AUGUST 16, 2024
Armed Forces Bank is investing in its digital banking channels to ensure that its military-focused client base has 24/7, global access to banking capabilities.
The Paypers
AUGUST 16, 2024
Credibanco and Sensedia have introduced a new solution that centralises financial information from various industry participants, enabling a secure and efficient exchange of data.
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
Finovate
AUGUST 16, 2024
This week’s edition of Finovate Global highlights recent fintech headlines from Ireland. Dublin-based regtech Fenergo has inked a partnership with Caribbean-based PROVEN Bank. The financial institution will leverage Fenergo’s transaction monitoring solution to enhance and streamline its anti-money laundering (AML) compliance operations. PROVEN Bank Deputy Chief Executive Officer Nikita Kissoon underscored increasing regulatory pressure on financial institutions as one of the reasons
The Fintech Times
AUGUST 16, 2024
Global payments platform, Adyen , is actioning expansion plans into India, following the grant of authorisation from the Reserve Bank of India to operate as an Online Payment Aggregator in India for domestic and cross-border payments. As part of its commitment to accelerating payment innovation in India, Adyen also plans to launch a technology hub in Bangalore, known as the centre of India’s high-tech industry, as well as launching local payment processing capabilities.
Finextra
AUGUST 16, 2024
Texas Comptroller Glenn Hegar has added NatWest to its list of financial institutions that they will not be doing business with according to a new Texas law.
The Fintech Times
AUGUST 16, 2024
Revolut ’s announcement of a major secondary share sale reinforces its $45billion valuation and enables employees to share in the company’s rapid rise. This development highlights Revolut’s financial success and strategic achievements, while also suggesting that the company is reaching a pivotal stage where its next steps – such as a potential IPO – are becoming increasingly important.
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.
Finextra
AUGUST 16, 2024
Revolut has secured a $45 billion valuation in a secondary share sale with new and existing investors.
The Fintech Times
AUGUST 16, 2024
As consumers become increasingly price-conscious and expect greater payment choices, over 56 per cent have also changed their spending habits from this time last year, payment processor and digital wallet provider Paysafe has revealed. The latest Paysafe report, ‘ Inside the Wallet: How consumers are spending and saving in 2024 ’ , reveals that 43 per cent of consumers have abandoned their online shopping cart if a business didn’t offer their payment method of choice.
Finextra
AUGUST 16, 2024
allpay, a leading payment services provider in the UK, is delighted to announce the appointment of Matt Marskell as Sales and Marketing Director (Non-Board) to its leadership team.
The Fintech Times
AUGUST 16, 2024
Mastercard has partnered with Scale , an issuer orchestration partner, to streamline the deployment of payment programmes for fintechs across Africa and the Middle East. The collaboration aims to overcome technical and commercial barriers, enabling fintechs and other ecosystem players to focus on core business functions while launching new products efficiently.
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.
Nanonets
AUGUST 16, 2024
Tedious paperwork and long wait times are every person's worst insurance nightmare. But insurance claim automation is paving the way for faster, more accurate, and more customer-friendly experiences. The drive to enhance claims processing through new technologies has intensified, especially since every dollar saved directly impacts profitability.
The Fintech Times
AUGUST 16, 2024
There is a stark gap between the perception and reality of cashflow control among owners according to research from online banking and money management platform, Relay and independent research company, RKI. The report, titled Cash Flow Compass , indicates that 42 per cent of small business owners are overconfident in their money management. Examining over 750 small and medium businesses (SMBs), the report revealed that 62 per cent of owners admit cashflow issues have had negative impacts on thei
Tribe Payments
AUGUST 16, 2024
It’s not uncommon for businesses experiencing rapid growth to find that their current service providers can no longer meet their evolving needs. The challenges of scaling often reveal the limitations of incumbent providers, particularly when it comes to flexibility and adaptability. Despite recognising these shortcomings, many businesses hesitate to make a change, largely due to the perceived complexity and risks associated with migration.
The Fintech Times
AUGUST 16, 2024
Customers of Ireland-based bank PTSB can now access additional services from global paytech firm Worldpay , including e-commerce and ePOS, as the two entities have now extended their existing partnership. PTSB will also gain access to Worldpay DCC, a Dynamic Currency Conversion solution that provides cardholders the choice to pay in their preferred currency.
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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.
Fi911
AUGUST 16, 2024
American Express chargeback reason codes are a collection of identifiers used to classify different chargeback situations, reflecting the disputes raised by cardholders against sellers. These codes are vital for organizing disputes and determining the necessary next steps. Each chargeback is assigned a unique 3-digit alphanumeric code by Amex, pinpointing the reason for the dispute.
Accertify
AUGUST 16, 2024
It sometimes felt like 2023 was the year of the chargeback. We’ll have to wait a while for definitive figures, but it’s been estimated that the cost of chargebacks to the payments industry is likely to have topped $1 billion in 2023 1. The growth of these damaging transaction disputes is driven by the rocketing popularity of online commerce. Global e-commerce sales were expected to hit $6.3 trillion in 2023 2 , fuelling an unprecedented rise in cancelled payments.
EBizCharge
AUGUST 16, 2024
Electronic invoicing has emerged as a transformative solution that streamlines the invoicing process while minimizing human errors. As companies increasingly shift toward digital solutions, understanding digital invoicing becomes essential for maintaining a competitive advantage. This article will explore how electronic invoicing works and the advantages it offers to businesses of all sizes.
Finextra
AUGUST 16, 2024
Nomentia, a European leader in treasury and cash management solutions, is becoming one of the first vendors to provide Swift‘s Business Connect service to its current and future clients.
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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.
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