Payments Dive

JULY 25, 2024

Forcing banks to reimburse authorized payments could encourage bad behavior and would not deter scammers, bank executives said in a Senate hearing.

Zelle 179

Zelle Scams Authorization Payments 179

Bank Automation

JULY 25, 2024

BNP Paribas is investing in AI, cloud infrastructure and cyber security as part of its modernization efforts. “The second quarter marked the continuation of our ambitious but disciplined development within AI,” Chief Financial Officer Lars Machenil said during the bank’s earnings call on July 24.

Use Case 128

Use Case AI Automation Continuity 128

Payments Dive

JULY 25, 2024

Open finance is transforming payments – here’s what financial institutions need to know.

Finance 148

Finance Payments 148

Bank Automation

JULY 25, 2024

Lloyds Bank is looking to modernize its platform through AI and beefing up its tech team. “By digitizing end to end and modernizing our technology estate, we’re increasing efficiency benefits as we scale,” Chief Executive Charlie Nunn said during the bank’s second-quarter earnings call today.

AI 124

AI Technology 124

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 News

JULY 25, 2024

The use of cash in Singapore is expected to decline significantly by 2027, according to the 2024 Global Payments Report by payment processing company Worldpay. The report projects cash use in Singapore will decrease from 15% (S$23 billion) of point-of-sale transaction value in 2023 to 7% (S$11.4 billion) by 2027. In Singapore, digital wallets such as Apple Pay, GrabPay, and DBS PayLah!

Transactions 118

Transactions Credit Cards Global Payments Accounts 118

Basis Theory

JULY 25, 2024

A key way in which merchants—especially those with subscription services—build their revenue is by using stored credit cardholder data to submit follow-on transactions that fund subscription payments. By the same token, one of the trickiest puzzles to solve for those merchants relying upon a regular stream of income from existing customers is managing failed or declined payments.

Stop Payment 88

Stop Payment Payments Transactions 88

Fintech Finance

JULY 25, 2024

Bank of America has seen the adoption and use of its CashPro App for corporate payment approvals accelerate significantly over the last couple of years. Corporate payment approvals completed via the CashPro App surpassed a record $500 billion as of the middle of this year – up nearly 40% compared to the middle of last year – and are on pace to reach a trillion dollars by the end of 2024.

Online and Mobile Banking 105

Online and Mobile Banking Payment APIs and Integration Payments Volume 105

Payments Dive

JULY 25, 2024

Nico Simko supports the Consumer Financial Protection Bureau’s recent rule proposal, and it may be a competitive advantage for him.

Rules 103

Rules CFPB Consumer 103

Fintech Finance

JULY 25, 2024

Kasheesh , the first digital payment platform that allows anyone to split payment for online purchases anyway they want across multiple credit cards, today announces the launch of the Multi Use Card. Kasheesh’s Multi Use Card offers one, reusable card that can split purchases across up to five debit, credit cards, and gift cards by choosing a percentage for each.

Debit Card 108

Debit Card Credit Cards Payments Credit Limit 108

Fintech News

JULY 25, 2024

Allianz’s plans to acquire 51% stake in Income Insurance for S$2.2 billion is a strategic move aimed at bolstering the latter’s competitive edge in Singapore’s life insurance market, where it currently holds less than a 10% market share. The partnership with Allianz, a global leader in insurance and asset management, is expected to help Income Insurance compete more effectively in a market dominated by regional and global competitors.

Underserved 107

Underserved Participant Continuity Acquirers 107

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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?

Use Case

Finextra

JULY 25, 2024

Bank of America has seen the adoption and use of its CashPro App for corporate payment approvals accelerate significantly over the last couple of years.

Payments 98

Payments 98

Fintech Finance

JULY 25, 2024

Snowdrop Solutions , a leading provider of advanced transaction data enrichment solutions, today announced a partnership with Kroo , a prominent award-winning digital bank renowned for its innovative approach to financial services. This strategic collaboration brings enhanced user experience to the forefront of Kroo’s mobile banking app. Leveraging Snowdrop’s industry-leading transaction enrichment API, also known as the MRS API, Kroo will be able to provide customers with even more

API 97

API Transactions Mobile Banking Finance 97

Payments Dive

JULY 25, 2024

The fintech investigates each fraud claim independently of other cases, and takes such claims “incredibly seriously,” a spokesperson for the company said.

FinTech 78

FinTech 78

Fintech Finance

JULY 25, 2024

Alipay+ , the cross-border mobile payment and digitalization solutions operated by Ant International, continued its global summer campaign, which was kicked off by UEFA EURO 2024, in preparation for the travel industry’s full rebound by the end of 2024. Alipay+ is the Official Payment Partner of the UEFA EURO 2024 , and connects leading e-wallets and bank apps, including European partners like Bluecode and Tinaba, to 400,000 merchants across Europe.

Cross-Border 96

Cross-Border Tax Refunds eWallet SARS 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

Finextra

JULY 25, 2024

Revolut's long-term quest to gain a UK banking licence is over, with the Prudential Regulatory Authority granting the licence with restrictions.

Authorization 85

Authorization 85

Fintech Finance

JULY 25, 2024

Sage , the leader in accounting, financial, HR, and payroll technology for small and mid-sized businesses (SMBs), today announced an expansion of its partnership with Stripe , a financial infrastructure platform for businesses, to help improve cashflow management and payment processing for SMBs. Trusted by millions of businesses around the world, ranging from startups to enterprises, the partnership with Stripe provides Sage customers with more options to pay and get paid quickly.

Contactless Payments 96

Contactless Payments Reconciliation Data Breach Process 96

Bank Automation

JULY 25, 2024

Revolut Ltd. said it received a British banking license from regulators, a move that allows the fintech firm to better challenge traditional banking giants such as Barclays Plc and HSBC Holdings Plc.

Authorization 78

Authorization Regulations FinTech 78

Fintech Finance

JULY 25, 2024

SWIVEL, a transaction enablement fintech that removes friction in the movement of money for financial institutions and other payment communities, announced today its Apple Pay integration that enables its credit union and community bank clients to accept loan payments from members and customers through the mobile wallet. Within financial services, there exists a requirement in which institutions will not accept certain forms of payment (such as a credit card) against a consumer loan or auto loan

Credit Union 95

Credit Union Community Banks Non-Bank Payments 95

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

Finextra

JULY 25, 2024

Financial transactions database TigerBeetle has raised $24 million in a Series A funding round led by Spark Capital.

Database 98

Database Transactions 98

Fintech Finance

JULY 25, 2024

Thredd, a leading global payments processor, has signed a U.S. processing agreement with Spendbase , a prominent software subscription management platform backed by Google. This collaboration marks Thredd’s second U.S. client and signals Spendbase’s market expansion into North America. Spendbase specialises in helping businesses optimise corporate software usage and spending.

Processors 95

Processors Debit Card Issuers Agreements 95

PayJunction

JULY 25, 2024

Welcome to PJ University, where we teach you how to use PayJunction like a pro. Our invoicing capabilities allow your customers to pay an invoice using their computer, smartphone, or tablet. This will help streamline payments, improve cash flow, and help keep sensitive cardholder information secure.

Request for Payment 105

Request for Payment Payments Security 105

Fintech Finance

JULY 25, 2024

alt.bank , whose novücard is Brazil’s only credit card with automatically increasing limits, migrated its legacy credit card infrastructure to Pismo in just five months. alt.Bank was created in 2019 by the anglo/american technology entrepreneur Brad Liebmann with the objective to bring transparent and fair lending practices to the Brazilian credit card market.

Card Issuer 89

Card Issuer Credit Cards Issuers Credit Limit 89

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

Finextra

JULY 25, 2024

HSBC, Lloyds, TSB, and AIB have been rebuked by the UK's competition watchdog for failing to meet rules on providing customers with clear and up-to-date information.

Rules 75

Rules 75

Fintech Finance

JULY 25, 2024

The financial institution that offers frictionless payments and FX to businesses, My EU Pay selects ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, to provide a range of banking services for their clients. My EU Pay will use ClearBank’s API to offer its customers real-time clearing, allowing them to access the UK Faster Payments Service and multi-currency services, which have been in demand with their customers for some time.

Multi-Currency 88

Multi-Currency Payment APIs and Integration IBAN Faster Payments 88

Finextra

JULY 25, 2024

Airwallex, a leading global payments and financial platform for modern businesses, today announced a partnership with Float, one of Canada’s fastest-growing B2B fintechs, to enable fast and cost-effective bill payments for both domestic and overseas transactions.

B2B 69

B2B Payments Global Payments Transactions 69

The Fintech Times

JULY 25, 2024

China’s B2B cross-border trade payment platform, XTransfer , is strategically partnering with EBANX , the payment platform connecting global companies with customers in Latin America, Africa, and Asia, to streamline B2B trade payments in Latin America (LatAm). Through this collaboration, XTransfer and EBANX will look to empower XTransfer’s clients, small and medium-sized enterprises (SMEs) working with imports and exports, to navigate LatAm’s digital economy with greater ease a

Payment Solutions 63

Payment Solutions Cross-Border Alternative Payment Methods Multi-Currency 63

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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.

AI

Finextra

JULY 25, 2024

UK-based pensions fintech Jarvis has raised £1.8 million in seed funding in a round co-led by Ascension VC and Cornerstone VC, with participation from Tokio Marine Future Fund.

FinTech 64

FinTech Participant 64

The Fintech Times

JULY 25, 2024

STICPAY , a global e-wallet service provider and payment gateway, has launched a new cashback service specifically aimed at customers trading with Forex and CFD brokers; ‘STIC Cashback’ The new STICPAY service enables customers to receive cashback when they engage with a broker partner through STIC Cashback, with the amount of cashback depending on the customer’s trading volume.

Payment Gateways 63

Payment Gateways Gateways Volume Service Provider 63

Finextra

JULY 25, 2024

The Financial Conduct Authority has fined a Coinbase unit £3.5 million for enabling crypto trading services for high-risk customers.

Risk 72

Risk Authorization 72

The Fintech Times

JULY 25, 2024

Binance , the global cryptocurrency exchange, has released findings in its report on how Latin Americans are perceiving and using cryptocurrencies and the web3 ecosystem. For this first edition of the survey, Binance collected responses from 10,000 users, addressing questions ranging from investment behaviour to market expectations, pricing and adoption.

Law Enforcement 58

Law Enforcement Cryptocurrency Laws Blockchain 58

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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.

Payments