Payments Dive

MARCH 1, 2024

Beyond expansion to the U.K., the BNPL provider may seek to plant a flag where its large partners such as Amazon and Shopify have a presence, said Affirm’s Chief Revenue Officer Wayne Pommen.

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BNPL 178

Fintech Finance

MARCH 1, 2024

The impending March 2025 migration deadline of FedWire to the ISO 20022 standard by all financial institutions (FIs) presents a strategic opportunity to revolutionize their payment infrastructure and services, according to a new Datos report, sponsored by Finzly , the pioneering provider of modern payments systems. According to the Datos survey of US corporate finance professionals from 1,037 midsize and large organizations, around 57% are interested in using automated payables and receivables s

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ISO 20022 ISOs FedWire Message Standards 144

Payments Dive

MARCH 1, 2024

FOBO or “fear of becoming obsolete” has long plagued workers concerned about AI replacing their jobs.

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AI 103

Finextra

MARCH 1, 2024

Fiserv is battling with Amadeus IT Group to acquire payments processor Shift4 Payments, according to Reuters.

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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

Payments Dive

MARCH 1, 2024

The bureau seeks “to ensure that digital advertisements for financial products are not disguised as unbiased and objective advice,” CFPB Director Rohit Chopra said.

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CFPB Credit Cards Product 103

Bank Automation

MARCH 1, 2024

Citizens Bank’s virtual assistant, Digital Butler, was granted a patent this week for its “high degree of personalization,” Jo Wyper, executive vice president and head of operations at Citizens Commercial Bank, told Bank Automation News. Whereas retail solutions have personalized capabilities, commercial solutions often do not.

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Bank Automation

MARCH 1, 2024

JPMorgan is exploring the use of synthetic data to streamline its anti-money laundering and software engineering processes.

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AML Money Laundering Origination Process 81

The Fintech Times

MARCH 1, 2024

In late December 2023, STICPAY , the global e-wallet service provider and payment gateway introduced new local payment methods for money-in across various countries. Expanding its digital footprint in the payments space, specifically in the Asia region, STICPAY has announced various new partnerships with local payments providers. Previously, STICPAY had enhanced the user payment experience in Australia, Hong Kong, the Philippines, Singapore, Indonesia, Vietnam, Thailand, Colombia, India, Malaysi

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APACS Payments Payment Gateways Gateways 64

Finextra

MARCH 1, 2024

OTP Bank, a listed retail and corporate bank based in Budapest, Hungary, has selected Iliad Solutions as its payment testing provider in a new multi-year deal.

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Payments 64

The Fintech Times

MARCH 1, 2024

Welcome to The Fintech Times Bi-Weekly News Roundup on Friday 1 March 2024 bringing you the latest updates from across the world. Partnerships Payments provider allpay has forged a partnership with Voicescape, an engagement automation expert within the social housing sector. This collaboration is set to deliver solutions for social landlords, offering a management software that utilises digital technology, behavioural insights and data science combined with a payments solutions.

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FinTech Point-of-Sale (POS) Consulting Embedded Finance 64

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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

The Paypers

MARCH 1, 2024

US-based Datos , supported by payments systems provider Finzly , has published a report that analyses the readiness of banks for the FedWire migration to the ISO 20022 standards.

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ISOs ISO 20022 FedWire Payments 67

The Fintech Times

MARCH 1, 2024

Travellers have sometimes struggled with protecting their valuables like smartphones, tablets and laptops due to poor insurance clarity on how to make a claim and if they are entitled to coverage. A new partnership between insurtech bolt and WorldTrips , the travel insurance plan and assistance service provider, is looking to solve this pain point. Covered travellers will have access to fully digital 24/7 online claims process provided by bolt, allowing them to file a claim easily at any time an

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Consumer Addressing Service Provider FinTech 64

Fintech Finance

MARCH 1, 2024

allpay cards , a pioneering entity in card manufacturing, proudly announces its collaboration with SPICA, an industry leader in the production of high-performance recycled and virgin PVC material. As the only card manufacturers in the UK with this set-up, this partnership marks a significant stride toward fostering sustainable practices within the card production industry.

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Product Posting Finance FinTech 59

The Fintech Times

MARCH 1, 2024

Payments giant Mastercard has launched its new ‘Open Banking for Account Opening’ programme for select US debit and prepaid products, hoping to streamline and secure account opening. The move will see Mastercard provide a foundational set of open banking products as a new core benefit to Mastercard consumers, small business debit issuers, as well as consumer prepaid issuers in the US.

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Card Issuer Issuers Visa Online and Mobile Banking 64

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

The Paypers

MARCH 1, 2024

NPCI International Payments Limited has signed an MoU with the Greek-based Eurobank in order to optimise cross-border payments using a UPI platform.

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Cross-Border Payments Cross-Border International Payments Payments 73

The Fintech Times

MARCH 1, 2024

Buy now pay later (BNPL) offering easy account review, security and reasonableness of terms are among the top reasons for customer satisfaction finds J.D. Power ‘2024 U.S Satisfaction Study’ BNPL has had a myth follow it since its inception that it is a gateway to debt. While there are examples of poor user mismanagement and unclear merchant fees which have led to debt, BNPL satisfaction rating has improved.

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BNPL Security Card Issuer Debit Card 64

Finovate

MARCH 1, 2024

Microsoft has launched a public preview of Copilot for Finance, an AI-powered, role-based workflow automation tool. Copilot for Finance can help finance professionals automate time-consuming aspects of their jobs, such as data entry and review. Microsoft’s Copilot for Finance is part of the company’s Copilot Studio, which also includes a sales tool as well as a tool for contact centers.

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Finance Automation AI Reconciliation 52

The Fintech Times

MARCH 1, 2024

This March, The Fintech Times is turning its focus towards insurtech, shedding light on the innovative advancements and sustainable initiatives within the insurance sector. Through expert perspectives from industry leaders, we’ll take a journey through emerging trends, covering a range of topics that are shaping the future of insurance. We will: Look at how the insurance industry is taking proactive steps to mitigate climate-related risks and promote sustainability in its operations.

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FinTech Financial Inclusion Underserved Mitigation 64

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

Fintech Finance

MARCH 1, 2024

Oliver Wyman , a global leader in management consulting, and a business of Marsh McLennan (NYSE:MMC) today announced the completion of its acquisition of Innopay. Innopay complements Oliver Wyman’s existing payments consulting capabilities. Innopay delivers strategy, scheme development, and execution in the domain of digital payments, open finance, digital identity, and data sharing.

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Consulting Finance Digital Payments Transactions 52

The Fintech Times

MARCH 1, 2024

Softpay , the tap-to-phone solution has become the first firm of its kind to accept BankAxept , the leading card scheme in Norway, as part of its advanced payment solutions – to ensure fast and secure transactions for both merchants and customers. During the pilot phase, through successful partnerships with Plantasjen , Kristiansand Dyrepark among others, the integration of the Softpay technology with the payment scheme from BankAxept demonstrated high effectiveness.

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On-Demand Transactions Facilitators Security 64

Finextra

MARCH 1, 2024

Oliver Wyman, a global leader in management consulting, and a business of Marsh McLennan (NYSE:MMC) today announced the completion of its acquisition of Innopay. Innopay complements Oliver Wyman’s existing payments consulting capabilities.

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Consulting Payments 52

The Fintech Times

MARCH 1, 2024

Finnovex North Africa 2024 will open its doors in less than a week, bringing together leading experts from across the financial services industry to drive the future of finance in North Africa. The conference, which will be held at the Four Seasons Cairo at the First Residence in Cairo, Egypt on 5 and 6 March, revolves around the theme ‘Seizing the Fintech Boom: Innovations Reshaping the Financial Landscape’ Attendees will also delve into the potential of technology in transforming t

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Finance Innovation FinTech Technology 59

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

FloQast

MARCH 1, 2024

In the early 2000s, financial fraud at several large and seemingly successful companies, including Enron, Tyco, and WorldCom, shook the economy and undermined public confidence in corporate financial statements. The Sarbanes-Oxley Act of 2002 , commonly referred to as SOX, reflected a bipartisan congressional effort to address the root causes of those financial scandals.

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Audit Compliance Assessments Procedures 52

The Fintech Times

MARCH 1, 2024

FinTech Wales , the independent membership association and champion of the fintech and financial services industry in Wales, officially opened the trading market this morning at the London Stock Exchange Group ‘s headquarters. Joined by fintechs from Wales’ burgeoning ecosystem, the Welsh Secretary of State, Starling Bank , LexisNexis and Mastercard , Sarah Williams-Gardener , chair at FinTech Wales, launched the London Stock Exchange market — kicking off not only the day’s trading

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FinTech Volume Continuity Visa 59

BioCatch

MARCH 1, 2024

There is so much excitement about Generative AI and how it will change business, finance, medicine, education, and more. It has been less than 18 months since the announcement of OpenAI ChatGPT, Anthropic and other new solutions. Those in the fraud prevention community – both practitioners and vendors – anticipate seeing the benefits of Gen AI at work.

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AI Fraud Prevention Checks Finance 52

The Fintech Times

MARCH 1, 2024

Open finance has huge potential if organisations can fully utilise it. Gaining access to better data-sharing can provide access to credit for companies and swifter, more effective financial advice for consumers. Exploring how this can best be achieved, the Centre for Finance, Innovation and Technology (CFIT) published its latest report. Open banking and open finance can deliver direct benefits for everyone in the transaction cycle, from merchant to consumer.

Finance 59

Finance Non-Bank Use Case Innovation 59

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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

Fintech Finance

MARCH 1, 2024

Softpay is excited to share that it now accepts BankAxept, the leading card scheme in Norway, as part of its advanced payment solutions. Softpay is the first company to offer a tap-to-phone solution that accepts BankAxept, ensuring fast and secure transactions for both merchants and customers. During the pilot phase, through successful partnerships with Plantasjen, Kristiansand Dyrepark, among others, the integration of Softpay’s technology with BankAxept’s payment scheme demonstrated high effec

Payments 52

Payments Contactless Payments On-Demand Security 52

Fraud.net

MARCH 1, 2024

Understand the mechanics of account takeover fraud and discover effective prevention strategies to safeguard against ATO attacks.

Account Takeovers 52

Account Takeovers Fraud Prevention Accounts Identity Theft 52

Fintech Finance

MARCH 1, 2024

In a groundbreaking move,  Viva.com  has announced CB , the leading card and mobile payment and withdrawal system in the French market, can be used with Tap to Pay on iPhone with the viva.com | Terminal app – allowing businesses to take contactless payments from a potential pool of nearly 76 million card or mobile holders with the CB scheme, with just an iPhone and the viva.com | Terminal app.

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Acquirers Contactless Payments Privacy Mobile Payments 52

The Paypers

MARCH 1, 2024

IDEX Biometrics has partnered with Accomplish Financial to introduce a new biometric programme designed for visually and memory impaired users.

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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