Thu.Mar 21, 2024

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Digital wallets play key role in US lawsuit against Apple

Finextra

The US has filed a lawsuit against Apple, accusing the firm of monopolising the smartphone market through a host of actions, including the blocking of third-party apps from offering contactless payments.

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KeyBank 2-3 years from gen AI features for customers

Bank Automation

Both KeyBank and PNC Bank are exercising caution in how they roll out generative AI to their customers. The models need to be refined for accuracy before consumers can be the “prompters,” or questioners, for gen AI-driven features, Dominic Cugini, chief transformation officer at $185 billion KeyBank, said at Bank Automation Summit U.S.

AI 124
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UK fintech to be elevated to 'ubiquitech' with Smart Data Roadmap, new report reveals

Finextra

Chair of the Ubiquitech Group Dr. Ruth Wandhöfer has released a report offering practical recommendations for bolstering a digital economy that builds trust, provides access to sustainable infrastructure and secure data highways, and accelerates digital inclusion and education.

Economy 122
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Ethiopian Remittances Market Bolstered Under New M-PESA Safaricom and Onafriq Partnership

The Fintech Times

Looking to make financial services more accessible, M-PESA Safaricom has signed an International Money Transfer Agreement with Onafriq , the African digital payments network, to enable Ethiopian users to receive remittances from different parts of the world through M-PESA. Individuals do not need a bank account, something which has historically been challenging for some to acquire in Ethiopia, to send remittances.

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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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Thunes and Visa expand collaboration

Finextra

Thunes, a cross-border payments company, today announced its deepened strategic collaboration with Visa, a world leader in digital payments, aimed at enabling new endpoints in key markets across Asia and Africa.

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Airwallex Report: Singaporean Shoppers Demand More Payment Flexibility and Transparency

Fintech News

While concerns of volatile macroeconomic conditions persist into 2024, there are signs that point to continued growth in global cross-border e-commerce, including for consumers and merchants in Singapore. In a recent global study conducted by global payments and financial platform Airwallex and strategy consulting firm Edgar, Dunn & Company, 62% of consumers in Singapore plan to ramp up their international online shopping over the next 6 to 12 months, surpassing the global average, which sta

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Instant Financial Launches New Mobile App to Support Employees With Faster Access to Earned Wages

The Fintech Times

Instant Financial , a responsible earned wage access (EWA), electronic tips, and paycard solution provider, has released its new mobile app and enhanced mobile wallet functionality, providing employees with a faster, more secure app experience, and offering more flexibility in how they receive their pay. Understanding that over 50 per cent of Americans would likely avoid major financial pitfalls if they could instantly access a portion of their pay after every day’s work, the new Instant mobile

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Fintechs should target women customers in emerging markets - report

Finextra

Fintech firms could do more to intentionally target women customers in emerging markets, boosting both their own prospects and financial inclusion, says a report from the World Bank's International Finance Corporation (IFC).

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ABA, U.S. Postal Services jointly combat check fraud

Payments Dive

American Bankers Association and the U.S. Postal Inspection Service are working together to educate postal and banking employees as well as consumers on the rising form of fraud.

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'Pig-butchering' tops payment scam threats

Finextra

Pig-butchering, an investment scam involving fake crypto companies, has emerged as one of the top payment threats facing consumers.

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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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PayPal’s new CEO takes the Venmo challenge

Payments Dive

PayPal has been striving for more than a decade to better connect Venmo to merchants and make it pay off. Now, a new CEO has inherited the challenge.

Venmo 78
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BlackRock claims tokenisation first

Finextra

BlackRock, the world's largest asset manager, has taken its first step into the world of tokenisation.

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DOJ sues Apple over antitrust violations

Payments Dive

The tech giant called the suit a threat to its identity and principles, vowing to "vigorously defend against it.

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BuildMyCreditScore users see credit scores surge in months

Finextra

UK open banking-powered startup BuildMyCreditScore says users have seen an average 52 increase in their credit scores in the first three months.

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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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Unbundling Your Payments Stack To Improve Efficiency and ROI

Basis Theory

For centuries, payments have been “bundled”. Large multinational institutions have led the way in banking, money, payments, investments, and more, becoming large financial conglomerates offering all-in-one financial services.

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Northern Trust bolsters enterprise client team

Finextra

Northern Trust (NASDAQ: NTRS) today announced it has appointed Gary Paulin to the newly created role of Head of International Enterprise Client Solutions.

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Multifactor authentication critical for banks, IBM says

Bank Automation

Financial institutions must prioritize multifactor authentication as hackers take advantage of a lack of identity protection. In 2023, cyberattacks using valid credentials to gain access to user accounts increased 71% from 2022, according to IBM’s 2024 X-Force Threat Intelligence Index.

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Achievements in World of Crypto Celebrated by Bitget With New Trading Campaign

The Fintech Times

Bitget , the cryptocurrency exchange and Web3 company, has launched a zero-fee trading campaign for BTC/USDT and ETH/USDT spot trading pairs. The campaign will last two months, in which, both makers and takers for BTC/USDT and ETH/USDT spot trading pairs will enjoy zero fees. Additionally, this Bitget zero-fee trading extends to various trading activities, including spot trading, trading bots, and spot copy trading.

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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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VCs double down on fintech Coast, which aims to be the Brex for ‘real-world’ industries

TechCrunch Fintech

The expense management arena is a crowded one, with well-funded players such as Brex, Ramp and Navan all clamoring for market share. Those companies are generally focused on tech startups and large corporations. But a four-year-old contender, Coast, is pursuing a different type of customer — businesses with so-called “real-world” field personnel and fleets to […] © 2024 TechCrunch.

FinTech 74
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Galileo Expands BNPL Offering to Help Banks and Fintechs ‘Deepen Customer Relationships’

The Fintech Times

Galileo Financial Technologies , a fintech firm owned by SoFi Technologies , is expanding its Buy Now, Pay Later (BNPL) offering that enables banks and fintechs to offer cardholders new post-purchase instalment payment options via their existing debit or credit card account. In addition to its Galileo BNPL pre-purchase offering, the new API-enabled BNPL post-purchase offering is built for banks and fintechs looking to seamlessly deliver their customers a more flexible financing opportunity.

BNPL 69
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5 Signs Your Veterinary Practice Needs Integrated Payments

PayJunction

How Integrated Payments Help Your Vet Clinic Reach Its Full Pawtential Recent advances in medicine, diagnostic technology, treatments and therapies have helped veterinary practitioners stay on top of their number one goal: managing the health and well-being of their patients. However, when managing administrative tasks to run the business, staff often rely on outdated technology and paper-based processes.

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Digital Wallets Are Popular in the UK While Demand for A2A Payments to Be Desired Finds WorldPay

The Fintech Times

Worldpay , the global paytech, has published the findings from its Global Payments Report 2024, revealing that digital wallets are expected to comprise half of all e-commerce spending in the UK, worth £203.5billion, by 2027. The report , analysing payment landscapes across 40 countries, also found that usage of digital wallets will likely more than double at UK point-of-sale (POS).

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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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Avalanche powers Alipay+ D-store's Web3 voucher programme

The Paypers

Singapore-based smart contracts platform Avalanche has enabled Alipay+ D-store and its partnered e-wallets to introduce a Web3-enabled voucher programme.

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ANNA Acquires Australian Business Spend Management Platform GetCape

Finovate

Business banking account ANNA has acquired enterprise spend management platform GetCape. Terms were not disclosed. The acquisition is ANNA’s first and marks the U.K.-based fintech’s entry into the Australian market. ANNA made its Finovate debut at FinovateEurope 2020 in Berlin, Germany. Business banking account ANNA has acquired GetCape, a business spend management platform based in Sydney, Australia.

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Stripe hits the golden $1 trillion payment volume benchmark

Tearsheet

Shout out to our sponsor This article is brought to you by StrawberryFrog. Join Scott Goodson, CEO, StrawberryFrog, Chip Walker, Head of Strategy at StrawberryFrog and Zack Miller, Tearsheet’s editor as they dive into the dynamic world of financial marketing and transformation. As leaders in innovative marketing, they’ve collaborated with iconic brands like Morgan Stanley, Truist, Bank of America, and more.

Volume 59
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Investment in Digital Transformation is Critical to Secure Business Growth; Reveals Conferma

The Fintech Times

Investment in digital transformation and new payment solutions is set to power business growth and will enable international expansion, according to the latest report from Conferma , a UK-based payments provider. The Conferma findings, presented in the ‘ Growth Ignition Index ‘ report, come from a survey of over 400 financial decision-makers from the UK, USA, Canada, Singapore, Australia, Brazil and UAE, looking to understand more about what businesses think will ignite growth and wh

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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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Volopa partners ClearBank to expand service offering for SMEs

Finextra

Volopa, the transaction, payments, and expenses company, has partnered with ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, to allow it to significantly expand the services it can offer its growing portfolio of SME clients.

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‘One can’t just live in the deposit and debit space, Gen Z will need access to credit at some point in their lives’: Mastercard’s Bunita Sawhney on Gen Z’s debit-to-credit transition

Tearsheet

Shout out to our sponsor This article is brought to you by StrawberryFrog. Join Scott Goodson, CEO, StrawberryFrog, Chip Walker, Head of Strategy at StrawberryFrog, and Zack Miller, Tearsheet’s editor as they dive into the dynamic world of financial marketing and transformation. As leaders in innovative marketing, they’ve collaborated with iconic brands like Morgan Stanley, Truist, Bank of America, and more.

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ING and Mastercard smooth online shopping experience

Finextra

ING and Mastercard partner to make payments easier and safer for consumers when shopping online through Click to Play, a simple and intuitive way of paying. Click to Pay is now available on ING´s app and website in Spain and will be rolled out in other European countries later this year.

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How AI and Automation are Changing the Banking Landscape

Bank Automation

The banking sector is a significant component of the global economy, and it is currently undergoing a major transformation powered by the integration of Artificial Intelligence (AI) and automation technologies. These advancements are not only enhancing operational efficiency but are also fundamentally changing the landscape of financial services.

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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.