Tue.Jun 25, 2024

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Judge sways away from Visa-Mastercard settlement

Payments Dive

On Tuesday, Judge Margo Brodie denied a preliminary settlement proposal made by the card networks Visa and Mastercard, and merchants who sued them in federal court nearly two decades ago.

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De-banking in cross-border payments: Why the system needs reform

The Payments Association

Banks are de-banking payment providers, causing major disruptions in cross-border transactions and impacting financial inclusion

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BNPL to shift toward larger-ticket expenses: CEO

Payments Dive

The short-term financing option, which already costs more than cards for merchants, will eventually retreat from daily purchases, Priority CEO Tom Priore predicted.

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Podcast: Retail POS lending is an opportunity for lenders, Pagaya president says

Bank Automation

Point-of-sale financing as an alternative payment method is a growing opportunity for lenders, technology company Pagaya’s President Sanjiv Das says on this episode of “The Buzz” podcast. According to auto lender and Pagaya partner Ally Financial, POS financing is expected to reach a value of more than $81 billion by 2030.

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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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Central banks must raise game in face of AI - BIS

Finextra

Central banks should embrace artificial intelligence to sharpen their analytical tools in pursuit of financial and price stability, according to the Bank for International Settlements.

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The Hidden Catalyst to Scaling an e-Wallet that Serves 200 Million Users in Indonesia

Fintech News

DANA stands at the forefront of the rapidly evolving digital landscape of Indonesia, revolutionising the way people conduct financial transactions. Founded in 2018, DANA has swiftly become one of the nation’s leading e-wallet and payment services, boasting an impressive user base approaching 200 million in 2024. With a vision to create a cashless society in Southeast Asia’s largest economy and to empower millions with innovative financial services, as the ubiquitous digital payments service in I

Database 115

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Modern Modernisation

The Payments Association

The drive for ISO 20022 and the instant everything push is putting more and more pressure on legacy core and ancillary systems such as fraud, reconciliation & investigations by not only introducing larger, richer data sets (that will bring key customer insights for hyper-personalisation more on this another time) but increasing volume which in turn puts legacy core and key ancillary applications in a position to try and drink from a firehose.

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How Connected Payments Reduce Merchant Risk

Basis Theory

Any electronic payment comes with inherent risk: the customer might be using a fraudulent card, forgotten they’ve overspent their credit limit, or end up firing up a chargeback in an instance of friendly fraud. This is why merchants—albeit not all of them—install fraud management software to detect and siphon off fraudulent or risky transactions. Those detection systems, however, can be overzealous, or too unsophisticated to deliver a system that is properly balanced between risk and reward.

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How to Evaluate Charity Payment Solutions for Non-Profit Software Companies

Stax

Almost $500 billion dollars —that’s how much Americans donated in 2022. With 63% of donors preferring to make online payments with a debit or credit card, it’s important that nonprofits and charity organizations take a forward-thinking fundraising approach to maximize the impact they can make. While previously many nonprofits only had the option to use payment processors like PayPal, Stripe, or Square, there’s been a shift towards independent software vendors (ISVs) that offer integrated payment

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Open banking services to expand into corporate and business banking

Finextra

Join FinextraTV at the Temenos Community Forum 2024 as Kanika Hope, Chief Strategy Officer at Temenos, explores the potential of open banking in corporate and business banking. We discuss the differences between corporate and retail and what is needed from open banking services, specifically Open APIs, to navigate the complexity of corporate banking and make the sector more dynamic, and highlight how the role of SMEs in the banking ecosystem has evolved with the rise in fintechs.

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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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Solana Foundation Simplifies Blockchain Transactions with New Tools

The Fintech Times

The Solana Foundation has introduced two new developer tools, Solana Actions and blockchain links (blinks), to make blockchain transactions more accessible and seamlessly integrated into everyday digital platforms. Solana is a blockchain built for mass adoption, utilised for a range of use cases including finance, NFTs, payments, and gaming. Solana Actions enables users to execute onchain transactions across various platforms, such as websites, social media, and even physical QR codes.

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Global Payments and the Rise of Instant Transactions

Finextra

Join FinextraTV as Jon Levine, Head of Institutional Banking at Banking Circle, delves into the pivotal role of payment providers in the globalisation of e-commerce. Discover how businesses are meeting the challenge of instant payments, the steps being taken to overcome infrastructure and technology investment barriers, and the progress being made in breaking down obstacles in cross-border payments.

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2C2P and MineSec Launch Android App for Merchants to Accept Card, QR Payments

Fintech News

2C2P, a full-suite payments platform, and MineSec have launched a new cloud-based Point of Sale (POS) payment app for Android devices in Singapore. This collaboration introduces a versatile solution enabling businesses to accept Tap-to-Pay and QR payments directly on NFC-enabled Android devices. This is touted to be the first of its kind in Singapore.

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Generative AI platform for investment managers BlueFlame raises $5 million

Finextra

BlueFlame AI (BlueFlame), the generative AI platform for alternative investment managers, today announced the successful completion of its Series A funding round.

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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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Blockchain Technology Beyond Crypto: Fintech Innovations and Applications

Fintech Review

Blockchain technology, initially synonymous with cryptocurrencies like Bitcoin , has evolved beyond its origins. In the realm of fintech, its applications are transforming traditional financial processes. This article delves into the diverse ways blockchain is reshaping fintech, focusing on smart contracts, cross-border transactions, and enhancing transparency and security.

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ACI Worldwide and RS2 Launch One-Stop Solution for Acquirers and Issuers in Brazil

Fintech Finance

ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, and RS2 , a global payments processor and technology provider, have joined forces to offer a one-stop solution for acquirers and issuers in Brazil. The new offering combines the best of ACI’s and RS2’s acquiring and issuing capabilities, supporting financial institutions, integrated software vendors, payment facilitators, independent sales organizations and payment processors on their digital transfor

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GXS Bank Raises Additional S$229.5M from Grab and Singtel as Losses Grow

Fintech News

GXS Bank, a digital bank in Singapore, has received an additional S$229.5 million (approximately US$169.4 million) funding from its parent companies Southeast Asian superapp Grab and telecom conglomerate Singtel , according to regulatory filings reported by DealStreetAsia. Grab led the round, injecting around US$141.5 million through its subsidiary A5-DB Holdings Pte Ltd.

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Wearable Paytech Provider MuchBetter Launches Contactless Payment Ring for Free in Italy

Fintech Finance

MuchBetter , the wearable payments tech pioneer, has today launched a free contactless ceramic payments ring in Italy giving consumers more convenient, stylish and enjoyable ways to pay by removing initial cost barriers to wearable tech. In a disruptive move, the ring is available for free, provided customers load it with €100 through the MuchBetter digital wallet app to spend as and when they wish, challenging companies currently selling the same product for upwards of €100.

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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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Inside look: Nvidia’s AI factories

Bank Automation

Nvidia is spearheading the AI industry’s growth with its latest data centers focused on developing and deploying models for the financial services industry.

AI 89
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Reem Finance Signs With Network International to Accelerate Digital Transformation

Fintech Finance

Network International (Network) , the leading enabler of digital commerce in the Middle East and Africa, has announced the signing of a strategic partnership with Reem Finance , the leading financial services provider in the UAE. The strategic alliance aims to leverage Network’s expertise to provide a fully-fledged payments processing solution to support the digital transition.

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Payabli is building payment management tools for software startups

TechCrunch Fintech

Payabli builds the infrastructure that allows companies, specifically software companies, to embed and facilitate payments through APIs. © 2024 TechCrunch. All rights reserved. For personal use only.

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Computop Makes Wero Available for Merchants

Fintech Finance

Wero , the new European payment solution developed by the European Payment Initiative (EPI) will be available to Computop customers from the moment it launches e-commerce payment in mid-2025. Computop , the leading payment service provider, will integrate the payment method, which is based on real-time credit transfers (SEPA Instant Payments), in Q4 2024.

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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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The Rise of ESG in Fintech: Ethical Finance's Impact on Fintech Companies

Finextra

The fintech sector is undergoing significant changes as it embraces sustainability and ethical princ.

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Thredd Appoints Matt Swann as Non-Executive Director

Fintech Finance

Thredd , the leading ‘next-gen’ payments platform, today announces the hire of Matt Swann as Non-Executive Director (NED). Matt Swann, a seasoned technology executive with over 20 years of experience in product and technology transformation across e-commerce and fintech. Matt’s roles at disruptive companies in the payments sector such as Nubank , Booking.com, and Amazon.com have equipped him with a deep understanding of innovative product development and strategic technology leadership.

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Apple brings Tap to Pay on iPhone to Germany

NFCW

Apple’s Tap to Pay on iPhone softPOS technology is now live in Germany, Apple has announced , enabling merchants across the country to accept contactless payments on their mobile phone with no additional hardware required. “Stores can now seamlessly and securely accept payments with contactless credit and debit cards, Apple Pay and other digital wallets — just with an iPhone and an iOS app supported by the payment partner,” Apple says. “Adyen, Commerz Globalpay, myPOS, Ne

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Nexi Extends Tap to Pay on iPhone to Merchant Customers in Germany

Fintech Finance

Nexi , the European PayTech, now enables merchants in Germany to accept in-person contactless payments seamlessly and securely with Tap to Pay on iPhone, and will continue to expand the availability of Tap to Pay on iPhone to its customers in Europe where the service is available. This follows the launch of the same functionality from Apple for merchants in Italy at the end of May.

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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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ACI Worldwide and RS2 join forces in Brazil

Finextra

ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, and RS2, a global payments processor and technology provider, have joined forces to offer a one-stop solution for acquirers and issuers in Brazil.

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Gr4vy Expands Partnership with Trustly in Europe

Fintech Finance

Gr4vy , a leading cloud-native payment orchestration platform (POP), is extending its partnership with Trustly, the global leader in open banking payments, to launch in Europe. The European launch follows the successful rollout of the partnership in the United States in June 2023. The partnership allows Gr4vy’s online merchants to include Trustly as a payment option, offering greater flexibility and convenience to customers.

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Computop calls on retailers to join EPI pilot trials

Finextra

EU payment gateway Computop is calling on merchants to join pilot trials of the bank-backed European Payments Initiative's wero wallet scheme.

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myPOS Unveils Tap to Pay on iPhone for Merchants in Germany

Fintech Finance

UK-based payments company, myPOS , is introducing Tap to Pay on iPhone for businesses in Germany. Tap to Pay is available within the myPOS Glass app and allows merchants to accept contactless payments directly on their iPhone, with no additional hardware needed. Tap to Pay on iPhone enables merchants to accept all forms of contactless payments, including contactless credit and debit cards, Apple Pay, and other digital wallets.

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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.