Mon.Dec 23, 2024

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Klarna to Be Automatically Enabled for All New Customers Under New WooCommerce Distribution Agreement

Fintech Finance

Klarna , the AI-powered global payments network and shopping assistant has expanded their partnership with Woo , the flexible, open-source ecommerce solution built on WordPress, by making Klarna a default payment option for merchants using WooPayments. Under the expanded partnership Klarna will become a network of choice, offered as a default payment method to WooPayments merchants globally, alongside traditional card payments.

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EPC issues RFP for API Test Toolbox for verification of payee

Finextra

The European Payments Council has issued a request for proposal (RFP) for an API Test Toolbox for the Verification of Payee scheme.

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Fiserv to Enhance its Embedded Finance Capability with Acquisition of Payfare Inc.

Fintech Finance

Fiserv , Inc. (NYSE: FI), a leading global provider of payments and financial services technology, today announced it has entered into a definitive agreement to acquire Payfare Inc. (TSX:PAY), a provider of program management solutions with a particular focus on new economy workforces. The transaction is subject to obtaining shareholder and court approvals and other customary closing conditions and is expected to close in the first half of 2025.

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Fiserv boosts embedded finance offering with Payfare acquisition

Finextra

Fiserv is boosting its embedded finance capabilities with the acquisition of Payfare, a provider of workforce payments for gig economy companies.

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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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Varo Bank Introduces Zero Fee Cash Deposits at Participating CVS Locations

Fintech Finance

Varo Bank , the first all-digital nationally chartered bank in the U.S., has announced a collaboration with Green Dot Corporation (NYSE: GDOT) and CVS Health (NYSE: CVS) to enable deposits for no fee for millions of Varo Bank customers at over 7,500 participating CVS Pharmacy locations nationwide.1 Utilizing Green Dot’s embedded finance platform (Arc) and expansive money movement network, the “Green Dot Network,” Varo customers can now deposit cash at participating CVS Pharmacy

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Mastercard Completes Acquisition of Recorded Future in US$2.65 Billion Deal

Fintech News

Payment giant Mastercard has completed its acquisition of Recorded Future, a cybersecurity firm specialising in threat intelligence and AI-powered analytics. The acquisition, valued at US$2.65 billion, was first announced in September this year. Mastercard stated that the acquisition will bolster its cybersecurity services, which focus on assessing cyber risks, protecting the digital ecosystem, and building trust for businesses and individuals worldwide.

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Finextra's year in review

Finextra

With 2024 drawing to a close, we take a look back at our most popular news items and community engagement activities over the course of the past year.

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ACH vs. Credit Cards: Comparing Payment Methods

EBizCharge

As transactions evolve, merchants often find themselves torn between Automated Clearing House (ACH) payments and credit card processing. Understanding how these payment methods operate and the benefits and disadvantages of each can help you determine which is best for your business to significantly enhance your bottom line. ACH vs. credit card payments: A comprehensive comparison ACH and credit cards are two popular options for electronic payments.

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Sponsor's message: [Webinar] Behavioural Biometrics: Meeting the deployment challenge

Finextra

[Webinar] Behavioural Biometrics: Meeting the deployment challenge

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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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BlueSnap’s Top 10 Digital Payment Articles of 2024

BlueSnap

In 2024, businesses saw the global economy stabilize and worldwide inflation begin to ease. This has been a year of resilience for many industries, and being sure your payments are set up for success is key for the growth that many businesses are preparing for in the new year. The post BlueSnaps Top 10 Digital Payment Articles of 2024 appeared first on BlueSnap.

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USDC comes to the big screen

Finextra

US movie chain Regal is to accept USDC stablecoins through Coinbase wallet as payments for tickets at all of its big screen locations.

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Cashfree Payments Launches Affiliate Partner Program To Build a Trusted Partner Ecosystem

Fintech Finance

Cashfree Payments , Indias leading payments and API banking platform, today announced the launch of its Affiliate Partner Program. The new initiative opens up exciting opportunities for freelancers, web development agencies, marketing firms, startup accelerators, influencers, and other digital ecosystem players to collaborate with Cashfree and earn revenue by referring its cutting-edge payment gateway solutions to businesses looking to grow online.

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Klarna to become default payment option for merchants using WooPayments

Finextra

Klarna, the AI-powered global payments network and shopping assistant has expanded their partnership with Woo, the flexible, open-source ecommerce solution built on WordPress, by making Klarna a default payment option for merchants using WooPayments.

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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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Movers and Shakers: Symes to be new CFO at Checkout.com

Bank Automation

Payments service provider Checkout.com has appointed Philip Symes as its interim chief financial officer, according to a release from the company on Dec. 4. Symes previously served as CFO of Visa Europe for 10 years, responsible for pricing and treasury, he told Bank Automation News. In the short term, I want to make sure we […] The post Movers and Shakers: Symes to be new CFO at Checkout.com appeared first on Bank Automation News.

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Garanti BBVA enhances investment options on its mobile app

Finextra

Garanti BBVA recently revamped Garanti BBVA Mobile, making it faster and easier for investors to monitor and manage their investment portfolios directly on the app.

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CFPB sues Walmart, fintech partner for illegal account openings

Bank Automation

Walmart Inc. and one of its financial technology partners allegedly opened expensive bank accounts for delivery drivers without their consent, a US consumer protection agency said on Monday. The Consumer Financial Protection Bureau claimed that Walmart and Branch Messenger Inc. required the delivery drivers to be paid through costly accounts. The agency sued the two […] The post CFPB sues Walmart, fintech partner for illegal account openings appeared first on Bank Automation News.

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SEC fines Deutsche Bank $4 million for late filing of suspicious activity reports

Finextra

The Securities and Exchange Commission today charged registered broker-dealer Deutsche Bank Securities Inc., a subsidiary of Deutsche Bank AG, for failing to file certain Suspicious Activity Reports (SARs) in a timely manner.

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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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Mastercard Finalizes Acquisition of Recorded Future

Fintech Finance

Mastercard (NYSE: MA) has completed its acquisition of Recorded Future. As the world becomes more digitized, there’s an increased focus on securing every interaction and transaction against evolving cyber threats, said Johan Gerber, executive vice president, Security Solutions at Mastercard. Adding Recorded Futures AI-driven threat intelligence capabilities to our cybersecurity services, identity solutions and real-time fraud scoring will enable us to better support our customers in these

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Mastercard completes acquisition of Recorded Future

Finextra

Mastercard (NYSE: MA) has completed its acquisition of Recorded Future.

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QuickFest 2025 to Focus on AI, Automation, and the Future of Accounting

Fintech News

QuickFest, the virtual conference tailored for accounting professionals, bookkeepers, and consultants, will return on 14-15 January 2025. Organised by Intuit, the two-day event brings together global participants to explore advancements in accounting practices and technologies. After drawing over 15,000 attendees from more than 200 countries in 2024, QuickFest 2025 aims to provide actionable strategies for navigating the rapidly evolving accounting landscape.

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Siraj Finance PJSC to implement iMAL core

Finextra

Siraj Finance PJSC, a leading Islamic Finance Company in the UAE, has signed an agreement with Azentio, a pioneer in the core banking technology service provider.

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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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Fintech Rundown: A Rapid Review of Weekly News

Finovate

It’s a holiday-shortened week here at the Fintech Rundown. But rest assured that we’ll have you covered on the the top fintech news headlines as 2024 moves toward a close. We’re starting off with a series of stories in the embedded finance front, including an acquisition, a new launch, and a major fundraising. Digital banking Data-driven statement provider HC3 forges strategic partnership with digital banking solutions company Apiture.

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UAE fintech lending startup CredibleX raises $55 million in equity and debt

Finextra

CredibleX announced raising its seed round lead by Further Ventures.

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Year End Message to Our Readers – Offline From 24th December to 5th January

Fintech News

Fintech News Singapore would like to take this opportunity to wish all our readers a Merry Christmas and a very Happy New Year. We will be taking a break from the 24th of December 2024 to the 5th of January 2025. Until then take a walk down memory lane with the most important stories in Singapore’s fintech scene this year. 5 Stories That Shaped Singapores Fintech Scene in 2025 Or take a deep dive into everything you need to know about Singapores fintech landscape through our Singapore Fint

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How to Prepare for the Year-End Audit

FloQast

A interesting year is coming to an end and its time to take some deep breaths and enjoy a cocktail or two…if thats your thing. Oh, wait, theres one more thing: Dont forget to prepare for the year-end audit. Although the audit process may sound scary, dont worry. All the hard work youve done to close the year will go a long way in your annual audit as well.

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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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CFPB sues Walmart, fintech for illegally opening accounts

Bank Automation

Walmart Inc. and one of its financial technology partners allegedly opened expensive bank accounts for delivery drivers of the worlds largest retailer without their consent, a US consumer protection agency said on Monday. The Consumer Financial Protection Bureau sued Walmart and Branch Messenger Inc., claiming they required those in the Spark Driver program to be […] The post CFPB sues Walmart, fintech for illegally opening accounts appeared first on Bank Automation News.

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Finovate Alums Raised More Than $132 Million in Q4; More Than $553 Million in 2024

Finovate

Seven Finovate alums raised more than $132 million in the fourth quarter of 2024, and more than $553 million for the full year. The figures trail those from 2023, in which 11 alums raised more than $307 million in Q4 and approximately $1.2 billion for the year. This data also reflects the ongoing funding challenges faced by fintech companies at a time of high interest rates and industry consolidation.

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Capital One, Discover deal approved by Delaware bank regulator

Bank Automation

Capital One Financial Corp. said it received state regulatory approval to buy Discover Financial Services, overcoming one of several more hurdles needed before it can complete one of the biggest mergers announced this year. The Delaware State Bank Commissioner approval represents an important step toward the completion of the merger, Capital One said in a […] The post Capital One, Discover deal approved by Delaware bank regulator appeared first on Bank Automation News.