Payments Dive

SEPTEMBER 24, 2024

The card network may soon be sued by the Department of Justice over its debit card practices, according to multiple news reports citing anonymous sources.

Debit Card 166

Debit Card 166

Fintech Finance

SEPTEMBER 24, 2024

Finastra has announced that First Pacific Bank , a Southern California-based community bank that offers custom financial solutions for individuals and businesses, has selected Finastra Payments To Go to modernize its payments infrastructure. The cloud-based, SaaS payments hub solution will help the bank to deliver FedNow send and receive services 24/7, support ISO 20022 compliance, and enable its projected growth.

ISO 20022 132

ISO 20022 Instant Payments FedNow ISOs 132

Payments Dive

SEPTEMBER 24, 2024

The company, which offers payments processing software, has kept its plans close to the vest, but industry insiders say they’ve seen clues.

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Process Payments 158

Finextra

SEPTEMBER 24, 2024

The US Justice Department has sued Visa, accusing the payments giant of illegally monopolising debit network markets.

Debit Card 119

Debit Card Debit Network Payments 119

Speaker: Becky Parisotto

Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever

Product

Finezza

SEPTEMBER 24, 2024

The launch of UPI in 2016 has transformed the financial landscape in India. However, there remained a gap in how the credit was accessed. India’s credit access and repayment system is a lengthy and cumbersome process that feels like a trap more than a solution. The introduction of CLOU (Credit Line on UPI) is set […] The post Revolutionising EMIs: How CLOU (Credit Line on UPI) is Redefining India’s Credit Landscape appeared first on Finezza Blog.

Process 111

Process Posting FinTech 111

The Fintech Times

SEPTEMBER 24, 2024

2024 is proving another standout year for the regulatory space, finding itself under the spotlight, for better and worse reasons. This month, The Fintech Times will look at some of the biggest issues regarding compliance and financial rules, as well as the solutions hoping to ease the compliance journey for firms and make the fintech world fairer and safer.

Privacy 107

Privacy Compliance PCI DSS Rules 107

Fintech Review

SEPTEMBER 24, 2024

By Rishabh Singh Jain from Byldd. Deciding how to build your product is one of the most critical choices you’ll make as a fintech founder. It’s not just about getting a working product out there. It’s about creating a secure, scalable, and compliant solution that meets the complex demands of the financial sector. The Challenge of Finding the Right Team: Co-founder, Freelancers, or Interns?

Product 105

Product FinTech PCI DSS Payment APIs and Integration 105

Fintech News

SEPTEMBER 24, 2024

audax, a digital banking technology solutions provider backed by Standard Chartered, and global consultancy Synpulse have partnered to modernise banking infrastructure for financial institutions. The collaboration focuses on integrating advanced digital banking technology with Synpulse’s expertise to enable banks to upgrade existing systems and transition to cloud-based platforms without disrupting operations.

Financial Inclusion 104

Financial Inclusion Embedded Finance APACS Underserved 104

Finextra

SEPTEMBER 24, 2024

Digital Asset, a leading provider of blockchain solutions, in collaboration with The Depository Trust & Clearing Corporation (DTCC), today announced the results of the U.S. Treasury (UST) Collateral Network Pilot, an initiative focused on leveraging DLT applications to support market connectivity across the collateral management lifecycle to enhance mobility, liquidity and transactional efficiency of tokenized assets.

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Treasury Blockchain Transactions 98

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

Payments

Fintech Finance

SEPTEMBER 24, 2024

Klarna , the AI-powered global payments network and shopping assistant, is working with global small business platform Xero , to help small businesses accept payments from consumers wanting a ‘buy now, pay later’ option. For Xero’s customers*, offering Klarna’s alternatives to traditional credit means they can get paid up front while their customers don’t have to worry about high interest rates and hidden fees.

Small Business 97

Small Business BNPL Credit Cards Payment Networks 97

Finextra

SEPTEMBER 24, 2024

FOLK2FOLK, the UK's leading Peer to Peer lending company, has announced Carlos Howard as its new Head of Business Development.

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98

Fintech Finance

SEPTEMBER 24, 2024

CBI , a fintech serving as an industry utility with over 30 years of experience, that develops digital infrastructures and services for financial institutions (FIs) and payment service providers (PSPs) to enhance their transaction banking, open banking, and open finance offerings, has announced a strategic partnership with Banfico Ltd, a fintech company specializing in open banking, open finance & account verification solutions.

Payee 97

Payee Verification IBAN Regulatory Compliance 97

Segpay

SEPTEMBER 24, 2024

So much of our industry is tied to Visa and Mastercard to support consumer payments. We’re all also tied to the increased scrutiny of both brands. The bar, from a compliance perspective, keeps getting raised. It feels like we’re spending half our time making sure we are compliant versus growing our business. While I don’t blame Visa or Mastercard for putting controls in place, as they also suffer from supporting our industry.

Accounts 96

Accounts Online and Mobile Banking Payments Authentication 96

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Use Case

Fintech Finance

SEPTEMBER 24, 2024

Qist Bazaar , Pakistan’s leading Buy Now Pay Later (BNPL) fintech startup, announced today that it has secured US$3.2 million in its Series A funding round. The round was led by Indus Valley Capital, with participation from Gobi Partners, a prominent Asia-focused venture capital firm with US$1.6 billion in assets under management (AUM). Bank Alfalah, one of Pakistan’s largest commercial banks has already invested in Qist Bazaar, leading the seed round.

BNPL 97

BNPL Underserved Non-Bank Finance 97

Finextra

SEPTEMBER 24, 2024

In the final installment of this 3 Part series, FinextraTV and Nick Fleetwood, Head of Data Services, Form3, discusses how fraud prevention is all about customer experience. Consumers are accustomed to payments flowing in real-time and funds reaching their destination in seconds. However, when customer are notified about a potential fraudulent attempt, this in itself is a negative user experience.

Fraud Prevention 96

Fraud Prevention Consumer Payments 96

Fintech Finance

SEPTEMBER 24, 2024

Dgpays , a leading financial infrastructure technology provider in the EMEA region, (together in equal partnership, the “Consortium”), and Arcapita Group Holdings Limited (“Arcapita”), the global alternative investment firm, and Mashreq , one of the UAE’s leading financial institutions, jointly announced today the Consortium’s agreement to acquire a majority stake in NEOPAY , the UAE’s fast-growing payment solutions provider, while Mashreq retains a significant minority interest.

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Acquirers Payment Solutions Digital Payments Agreements 96

Finezza

SEPTEMBER 24, 2024

The launch of UPI in 2016 has transformed the financial landscape in India. However, there remained a gap in how the credit was accessed. India’s credit access and repayment system is a lengthy and cumbersome process that feels like a trap more than a solution. The introduction of CLOU (Credit Line on UPI) is set […] The post Revolutionising EMIs: How CLOU (Credit Line on UPI) is Redefining India’s Credit Landscape appeared first on Finezza Blog.

Process 96

Process Posting Origination FinTech 96

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 Finance

SEPTEMBER 24, 2024

Codat , the leading business data and insights provider for banks, has released new data that reveals a vast majority (71%) of US mid-sized businesses still use paper checks for supplier payments. Check fraud nearly doubled between 2021 and 2022, and more than $24 billion will be lost to check fraud in 20241. Despite this risk, new research commissioned by Codat of over 500 mid-sized businesses shows mid-market finance teams remain committed to checks.

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Checks Risk Alternative Payment Methods Payments 93

Fintech News

SEPTEMBER 24, 2024

Indonesia’s GoTo Group has unveiled Dira, an AI-powered voice assistant integrated into the GoPay app. Dira understands and responds to commands in Bahasa Indonesia, leveraging Google Cloud’s generative AI technologies, including Vertex AI, speech-to-text AI, and the Gemini 1.5 Flash large language model. GoPay is GoTo’s digital wallet and payment platform widely used across Indonesia.

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AI Economy Innovation Technology 91

Fintech Finance

SEPTEMBER 24, 2024

Societe Generale is pleased to announce the appointment of Benoite Armand-Pieyre as Global Head of Payments and Cash Management and John Sacco as Head of Global Transaction Banking for the UK. Benoite Armand-Pieyre will continue to develop the Bank’s Payments and Cash Management businesses for corporates and financial institutions, strengthening product offering and improving the client experience in coordination with all Global Transaction Banking activities.

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Transactions Cash Management Payments Treasury 93

Payments Dive

SEPTEMBER 24, 2024

The company threatens merchants with high fees, and "makes its potential rivals business partners to thwart competition in debit card processing," the DOJ says.

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Debit Card Payments Process 89

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

Fintech Finance

SEPTEMBER 24, 2024

Flutterwave , Africa’s leading payments technology company, today announced the expansion of its Send App service across 49 U.S. states through a partnership with MainStreet Bank , a subsidiary of MainStreet Bancshares Inc. (Nasdaq: MNSB and MNSBP). Send App by Flutterwave facilitates faster, easier, and more affordable money transfers from Africans in the diaspora to their families and friends back home.

Community Banks 90

Community Banks Risk Management Compliance Payment Solutions 90

Payments Dive

SEPTEMBER 24, 2024

The company, which offers payments processing software, has kept its plans close to the vest, but industry insiders say they’ve seen clues.

Process 88

Process Payments 88

Fintech Finance

SEPTEMBER 24, 2024

Worldline [Euronext: WLN], a global leader in payment services, has signed a contract with Anadolubank Nederland N.V. for its cloud-based instant payments solution. This partnership will enable Anadolubank to seamlessly comply with the new EU Instant Payments regulation. The five-year agreement signifies a potential path forward for other mid-size banks, aiming to stay compliant while accelerating their digital transformation.

Instant Payments 90

Instant Payments Regulatory Compliance Compliance Payment APIs and Integration 90

The Payments Association

SEPTEMBER 24, 2024

The rules relating to contracted out R&D have fundamentally changed. To ensure you continue to benefit from R&D tax credits for contracted out R&D, contemporaneous evidence is required that clearly sets out the intentions of each party to the contract. The IT department as well as procurement and finance / tax teams should be aware of the new rules.

Rules 88

Rules Finance Continuity Compliance 88

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

Fintech Finance

SEPTEMBER 24, 2024

Newton Property Management has expanded its existing relationship with bank payment company GoCardless by adding Instant Bank Pay, its open banking-powered payment feature, to the Direct Debit functionality it uses already. Through GoCardless’ unique combination of Direct Debit and open banking payments, Newton can now collect both recurring and one-off payments within the same platform.

Payments 90

Payments Blocks Finance Acquirers 90

The Payments Association

SEPTEMBER 24, 2024

The social housing sector is experiencing a significant rise in maintenance and repair costs, with an increase of 15% reported from 2023 to 2024. This surge is primarily attributed to a prioritisation of damp and mould remediation work, among other factors. Understanding the reasons behind these rising costs and exploring effective strategies for managing them is crucial for housing associations, local authorities, and policymakers.

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Authorization Addressing Consumer Payments 88

Fintech Finance

SEPTEMBER 24, 2024

Mastercard today updated its Consumer Fraud Risk (CFR) solution to increase the ways it helps protect consumers from Real Time Payment scams. The AI-powered insights give more UK banks greater visibility into potentially fraudulent transactions so they can stop scams before they take place. These scams, known as Authorised Push Payment (APP) fraud – usually sparked by a fictitious website, email, text message or phone call – saw UK consumers defrauded out of £460m ($607m) in 2023.

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Scams Visa AI Consumer 90