Payments Dive
OCTOBER 29, 2024
The Consumer Financial Protection Bureau released its final open banking rule this month, leading the payments and financial services industries to begin preparing for a new era in data-sharing.
Finextra
OCTOBER 29, 2024
Deutsche Bank subsidiary Postbank is preparing to roll out a service that enables consumers to generate a barcode on their phone to withdraw or deposit around €1,000 per day at 12,500 retail locations in Germany
Bank Automation
OCTOBER 29, 2024
Bank of America has secured nearly 1,100 AI and machine learning patents since 2022 as it continues to invest in innovation. The bank posted a 94% increase in AI and machine learning patents since 2022, driven by customer demand for innovation and simplifying tasks, according to the bank’s latest patent report, released this month. “Our […] The post Bank of America granted 1,100 AI patents since 2022 appeared first on Bank Automation News.
Fintech Finance
OCTOBER 29, 2024
Dragons’ Den stars Sara Davies and Deborah Meaden have joined forces with Our Dementia Choir founder and Line of Duty star Vicky McClure, to back Sibstar ’s Safe Spending For All Campaign. Sibstar, the UK’s leading debit card and app for people living with dementia, is today calling for banks and governments to work closer together to ensure safer spending for financially vulnerable people.
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
The Payments Association
OCTOBER 29, 2024
The economic rollercoaster of the early 2020s has finally started to slow. However, with global growth projected to hover at just under 3%, the question remains: Will 2025 be the year the world economy finds its balance, or are we still bracing for the next curve? Convera’s ‘ Are You Ready for 2025? ‘ report explores key trends, risks, and opportunities for businesses, including: The potential for global expansion despite economic pressures.
Payments Next
OCTOBER 29, 2024
By Douglas Hall, Publisher, PaymentsNEXT Discover’s 2024 Payments State of the Union highlights risks and opportunities In today’s fast-paced digital economy, slow The post Unlocking Growth Amid Payment Delays and Fraud Risks first appeared on Payments NEXT.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Finovate
OCTOBER 29, 2024
Array , an embedded consumer products platform, has agreed to acquire embedded debt guidance solutions provider Payitoff. Terms of the transaction were not disclosed. The deal will build on Array’s position in the intelligent debt management solutions industry, and further equip the company to help financial institutions, fintechs, and digital brands accelerate growth, create new revenue streams, and enhance the consumer experience. “Financial institutions and other providers of fina
Finextra
OCTOBER 29, 2024
Entrepreneurs build and innovate at warp speed, but traditional banks haven’t kept up. In 2024, banks tightened lending requirements for small businesses—with some increasing the cost of borrowing. And 40% of entrepreneurs cite financial risk as a barrier for starting a business.
Fintech Finance
OCTOBER 29, 2024
Mutual Trust Bank PLC (MTB), one of the top-performing banks in Bangladesh, has successfully migrated its e-commerce acquiring services to a state-of-the-art payment gateway from Compass Plus Technologies. Driven by a commitment to enhance customer and merchant experiences, MTB embarked on a strategic journey to adopt a mobile-first payment gateway with the flexibility to quickly adapt to consumer preferences.
Fintech News
OCTOBER 29, 2024
Crypto exchange Gemini has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This approval allows Gemini to provide cross-border money transfer and digital payment token services in Singapore. Gemini shared in a statement, “Singapore has long been the heart of our operations in APAC.
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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?
Fintech Finance
OCTOBER 29, 2024
To promote financial inclusion and accessibility, TerraPay , a leading global money movement company, has partnered with Yape , the superapp of Peru. This collaboration will enable all participant partners in TerraPay Global network to send seamless international money transfers directly to Yape users, allowing them to instantly access their funds and take advantage of a wide array of financial services within the app.
Finextra
OCTOBER 29, 2024
Visa (NYSE:V) , a global leader in digital payments, announced new capabilities that enable frictionless, provisioned virtual card push-to-wallet experiences.
Fintech News
OCTOBER 29, 2024
Singapore’s digital bank Trust has launched a new travel insurance product, TravelShiok , in partnership with Income Insurance. Available exclusively for Trust Bank customers, TravelShiok aims to simplify travel insurance coverage and add extra benefits for users. TravelShiok offers unique features, including coverage for unused entertainment tickets for theme parks, concerts, or sporting events booked with a Trust card if unforeseen circumstances prevent attendance.
Fintech Finance
OCTOBER 29, 2024
With digital payments in the Middle East, Turkey, and Africa (META) projected to grow at a compound annual rate of approximately 17.7% from 2023 to 2030, the region’s payment landscape is set for substantial evolution. Geidea, one of the region’s leading financial technology companies, has announced a strategic partnership with tpay , the leading payment connector in the region.
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
Payments Dive
OCTOBER 29, 2024
The money transfer company named the new CEO just weeks after a cyberattack led to a systemwide shutdown of its services for several days.
Fintech Finance
OCTOBER 29, 2024
Consumers are increasingly seeking more personalised benefits from their credit card providers, such as rewards and loyalty points, according to a new survey published today by Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world’s innovators. The company has published its fourth annual 2024 State of Credit report which polled 3,000 consumers globally – including 1,000 in the United Kingdom – revealing that customer loyalty to credit
Fintech News
OCTOBER 29, 2024
Global payments network Thunes has announced a collaboration with Circle , the issuer of regulated stablecoins USDC and EURC. This partnership aims to enhance stablecoin liquidity management in cross-border payments. It enables members of Thunes’ global network to fund and settle international transactions using USDC, enabling faster transfers that can be processed within seconds, any day of the week.
Fintech Finance
OCTOBER 29, 2024
Cashfree Payments , India’s leading payments and API banking company, today announced that it has received the Reserve Bank of India’s (RBI) Prepaid Payment Instrument (PPI) license. Cashfree Payments is one of the first fintechs to have received the Payment Aggregator (PA), Payment Aggregator-Cross Border (PA-CB) and Prepaid Payment Instrument (PPI) licen c es from the RBI.
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.
Fintech News
OCTOBER 29, 2024
Payment giant Visa is moving to restructure its global business operations, a process that will see around 1,400 job layoffs by the end of 2024. According to The Wall Street Journal , the majority of these reductions—about 1,000 roles—will come from Visa’s technology division. Other affected positions will be from Visa’s merchant sales and digital partnerships teams, which focus on collaborating with fintech and technology partners.
Fintech Finance
OCTOBER 29, 2024
Visa (NYSE:V) , a global leader in digital payments, announced new capabilities that enable frictionless, provisioned virtual card push-to-wallet experiences. Users can now seamlessly push virtual cards to mobile wallet ecosystems including Apple Pay and Google Pay, with control and security that allows for precise spending limits and monitoring of transactions, thereby minimizing the risk of fraud and unauthorized expenditures.
Fintech News
OCTOBER 29, 2024
HSBC CEO Georges Elhedery has dispelled speculations that the bank’s new “east” and “west” division restructuring hints at a separation, according to a Financial Times report. Georges Elhedery Elhedery emphasized that the overhaul, which will make Hong Kong and UK retail units stand-alone operations, aims to improve efficiency and responsiveness, not to divide the bank in response to global tensions.
Fintech Finance
OCTOBER 29, 2024
ClearBank , an enabler of real-time clearing and embedded banking, and Visa , a world leader in digital payments, today announced their intention to collaborate for Issuance and Money Movement solutions, enabling clients to process both local and cross-border transactions. By utilising ClearBank’s cloud native banking infrastructure, Visa could soon benefit from its real-time payment processing, enhanced transaction visibility and a streamlined reconciliation process when processing transactions
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.
Finextra
OCTOBER 29, 2024
African giant Standard Bank is moving its payments infrastructure to Volante's cloud Payments-as-a-Service (PaaS), accelerating ISO 20022 adoption on the continent.
Fintech Finance
OCTOBER 29, 2024
Orange Middle East and Africa (OMEA) ( www.Orange.com ) and Mastercard have announced a strategic partnership to expand access to mobile financial services across Sub-Saharan Africa. This collaboration, one of the largest of its kind in the region, is set to enable millions of Orange Money wallet holders to access digital payments through Mastercard’s global network of merchants by 2025.
Bank Automation
OCTOBER 29, 2024
LAS VEGAS — Securities and Exchange Commission Chair Gary Gensler is warning companies against “AI washing” or making false claims about their AI technology use. AI washing refers to companies overstating their AI usage and capabilities to make their products seem more intelligent than they actually are, according to New York City-based law firm Foley […] The post SEC chair warns of ‘AI washing’ appeared first on Bank Automation News.
Fintech Finance
OCTOBER 29, 2024
Viably , a leader in innovative financial solutions for ecommerce, today announced a partnership with Airwallex , a leading global payments and financial platform for modern businesses. The partnership brings Airwallex’s global payments and financial operating capabilities into the Viably ecommerce financial platform, allowing businesses to simplify cross-border transactions and management of multiple currencies in a single account.
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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.
Finextra
OCTOBER 29, 2024
In a conversation with FinextraTV, Moshe Winegarten, Chief Revenue Officer at Ecommpay, and Todd Clyde, CEO of Token.io, discuss the future of open banking and the evolving payments landscape. The discussion highlights a global shift towards instant payments in 84 countries and the consolidation of payment service providers (PSPs). Open banking emerges as a cost-effective and faster alternative to traditional card payments, which it is predicted to replace.
Fintech Finance
OCTOBER 29, 2024
The partnership will bring greater payments functionality to a range of hospitality businesses, such as hotels, restaurants, bars, pubs, cafes, stadia, and more. Merchants can now use an app-less, single-integrated payment solution with popular payment methods and modern mobile terminals under one roof. By integrating HDS Cloud Apps ePOS system with DNA Payments’ underlying payments infrastructure, merchants can access a reliable, flexible, frictionless payment solution.
Bank Automation
OCTOBER 29, 2024
Bank of America has secured nearly 1,100 AI and machine learning patents since 2022 as it continues to invest in innovation. The bank posted a 94% increase in AI and machine learning patents since 2022, driven by customer demand for innovation and simplifying tasks, according to the bank’s latest patent report, released this month. “Our […] The post Bank of America patent portfolio includes 1,100 AI patents appeared first on Bank Automation News.
Fintech Finance
OCTOBER 29, 2024
Since the Maharashtra State Government launched the Majhi Ladki Bahin Yojana in July 2024, Airtel Payments Bank has successfully enrolled over 4.5 lakh women in the initiative. Among these, 3.57 lakh accounts are linked to the Direct Benefit Transfer (DBT) system, with 2.75 lakh women already receiving their notified benefits. This achievement highlights the program’s substantial impact on financial inclusion for women across the state.
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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.
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