How to speed up FedNow adoption
Payments Dive
JULY 26, 2024
“Interfaces need to be standardized to ensure a consistent and reliable payment experience for businesses and consumers,” writes one payments software executive.
Payments Dive
JULY 26, 2024
“Interfaces need to be standardized to ensure a consistent and reliable payment experience for businesses and consumers,” writes one payments software executive.
Bank Automation
JULY 26, 2024
Chicago-based Alliant Credit Union has selected Jamie Warder as its chief information officer and head of business strategy, effective July 8. In his new role, Warder is responsible for the technology and business strategy at the $20 billion credit union, according to a company release.
National Processing
JULY 26, 2024
National Processing Check 21 vs ACH: Key Differences and Which One Fits Your Business A merchant or business trying to decide the best electronic payment processing system may be interested in the differences between Check 21 and ACH. And while there are strong arguments for either, many believe that Check 21works more in favor of businesses where ACH tends to favor consumers.
Payments Dive
JULY 26, 2024
PayPal’s chairman of nine years left that post this week, and was replaced by one of the board’s newer members.
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
Fintech Finance
JULY 26, 2024
Mamo , a UAE-based fintech startup on a mission to help small and medium-sized businesses consolidate their payment collection, corporate cards and expense management needs, has announced the successful completion of a $3.4 million funding round. Additional funds will help Mamo expand its product offerings and extend its market presence. The funding round was completed by an existing investor 4DX Ventures and the Dubai Future District Fund.
Bank Automation
JULY 26, 2024
NatWest is interested in investing in technologies that it may have use for, such as payments solutions provider Icon Solutions. “That’s how the conversation started around [NatWest’s] investment,” Tom Kelleher, founder and commercial director at Icon Solutions, told Bank Automation News.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
The Fintech Times
JULY 26, 2024
Vibrant , a Stellar network-based digital wallet enabling customers to send, receive, and withdraw funds with USDC, has reported extremely positive annual growth metrics, driven by areas with high inflation rates. The Stellar Development Foundation (SDF), a nonprofit organisation supporting the development and growth of the Stellar network, reported this growth, revealing that between Q2 2023 and Q2 2024 Vibrant saw a 282 per cent increase in monthly active users.
Finextra
JULY 26, 2024
US banking regulators have issued a warning on the potential risks associated with third-party deposit arrangements and made a call for more information on the relationships between lenders and fintechs.
The Fintech Times
JULY 26, 2024
The UK’s Current Account Switch Service has revealed that it facilitated over 1.4 million in the past 12 months, up 10 per cent from the previous year, with the latest stats offering a positive outlook for the market. The Current Account Switch Service explained that the continued upward switching trend highlights that finding the right bank or building society is still a priority for UK consumers.
Fintech Finance
JULY 26, 2024
Checkout.com, a leading global digital payments provider, today announces the results of its commissioned 2024 Total Economic Impact (TEI) study conducted by Forrester Consulting. The independent study outlines a three-year, risk-adjusted present value and ROI for a composite organization comprised of interviewees with significant experience working with Checkout.com.
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.
The Fintech Times
JULY 26, 2024
eToro , the trading and investing platform, has over 33 million customers worldwide, with a tenth residing in the UK. To improve the trading experience for this segment, eToro is adding more than 1,000 UK stocks to its platform after enhancing its access to London Stock Exchange market data. 3.8 million registered UK eToro users will now be able to trade smaller stocks alongside the 400-plus UK companies they already have access to.
Finextra
JULY 26, 2024
The Federal Reserve Board on Friday announced the termination of an enforcement action with Silvergate Bank and its holding company, Silvergate Capital Corporation, both of La Jolla, California.
The Fintech Times
JULY 26, 2024
Fintech lender Plenti is now enabling its customers to utilise the National Australia Bank ’s Pay by Bank solution, to make loan repayments. The National Australia Bank (NAB) Pay by Bank solution enables PayTo transactions and was developed in partnership with global fintech Banked , with an aim to ensure faster and more secure payments directly from a user’s bank account.
Finextra
JULY 26, 2024
Revolut, the global fintech with over 9 million UK customers and 45 million globally, has today announced the launch of cash deposits for all UK customers. This follows the recent news that it has received a UK banking license.
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.
The Fintech Times
JULY 26, 2024
The British Business Bank launched a Growth Guarantee Scheme (GGS), a new iteration of the Recovery Loan Scheme (RLS), at the beginning of July to support UK startups. Many organisations are looking at ways to participate and support the ecosystem, with Simply Asset Finance , the specialist business lending provider, being the latest to allow users to borrow under the scheme.
Finextra
JULY 26, 2024
Blackfinch Group is pleased to announce the appointment of Chris Swanepoel as Head of Alternative Investment Market (AIM) Investments. This newly created position strengthens Blackfinch’s commitment to investing in smaller companies and supporting the full lifecycle of businesses in the UK.
The Fintech Times
JULY 26, 2024
Revolut , the global fintech boasting over nine million UK customers, has officially obtained its UK banking licence from the Prudential Regulation Authority (PRA), more than three years after its initial application. After securing the UK banking licence, Revolut should be able to eventually offer a far wider range of products and services to customers, including mortgages and loans.
Finextra
JULY 26, 2024
NatWest has bought Metro Bank’s £2.4b mortgage book, while also admitting to being forced to spend £24m on cancelled “Tell Sid” campaign by the previous government.
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EBizCharge
JULY 26, 2024
Crunching numbers is pivotal in determining your business’s financial success. Therefore, it’s important to familiarize yourself with general accounting terms when calculating finances. How financial success is communicated in business hinges on the frameworks used. Thankfully, there are generally accepted accounting principles or GAAP that are the foundation of financial success.
Finextra
JULY 26, 2024
The FCA has set out a package of measures designed to help strengthen the UK’s capital markets and position as a global and vibrant financial centre.
Neopay
JULY 26, 2024
CB Payments Limited (CBPL), a subsidiary of the globally recognised cryptoasset trading platform Coinbase, has been fined £3,503,546 by the Financial Conduct Authority (FCA) for significant breaches of a voluntary requirement (VREQ) imposed on the company. This enforcement action marks the first use of the FCA’s new powers under the Electronic Money Regulations 2011, emphasising the regulator’s commitment to maintaining stringent financial crime controls within the cryptoasset indust
Finextra
JULY 26, 2024
Bake, the all-in-one crypto super-app, and OpenEden, a leader in tokenized real-world assets, today announced a partnership to enable access to on-chain yields on the Bake platform, powered by OpenEden’s $TBILLs, a digital representation of US Treasury bills.
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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.
Paystand
JULY 26, 2024
Table of Contents How Do You Effectively Manage Invoices? How Do I Make a Perfect Invoice? What Are the Three Main Steps Involved in Invoice Processing?
Finextra
JULY 26, 2024
MNT-Halan, Egypt’s largest non-bank financial institution and fintech, has acquired Tam Finans, a leading commercial finance company in Turkey with a loan book exceeding US $300 million, from Actera Group, the country’s leading private equity firm, and the European Bank for Reconstruction and Development (EBRD). Terms of the transaction were not disclosed.
The Nilson Report
JULY 26, 2024
The post Niva Emerges From Stealth With Backing From Gradient, Google’s AI Fund, to Tackle Global Business Verification appeared first on Nilson Report.
Finextra
JULY 26, 2024
Today marks the official launch of Paddock Capital, a commercial finance brokerage specialising in helping accountants and business advisers source and secure the right funding solutions for their clients.
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The Nilson Report
JULY 26, 2024
The post Ebanx and Zuora Partner in Latin America and Africa for Subscription and Recurring Payments appeared first on Nilson Report.
Finextra
JULY 26, 2024
Earlier this month, Richard Peers of ResponsibleRisk – and keynote speaker at this year’s Sustainable Finance Live conference – spoke to director of nature programmes and GFI Hive at the Green Finance Institute (GFI) on nature-related financial risks for the UK.
The Nilson Report
JULY 26, 2024
The post Inswitch Becomes Official Provider for N1co for Digital Payments in Latin America with Visa appeared first on Nilson Report.
The Paypers
JULY 26, 2024
The US House of Representatives has approved a bill aimed at forming a working group focused on addressing terrorism and illicit financing related to digital assets.
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.
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