Payments Dive

DECEMBER 20, 2023

This primer fills in the gaps on how digital wallets work, what companies compete to provide such payment tools and what to expect from them in the future.

Payments Tools 185

Payments Tools Payments 185

Stax

DECEMBER 20, 2023

When you research payment solution providers , you’ll start hearing the term “interchange” used when talking about payments. Interchange is the fee that credit card companies like Visa and Mastercard charge businesses to accept their cards. The interchange fee depends on a number of factors and isn’t always easy to understand. In this article, we will break down credit card interchange fees so you will know exactly how much you’re spending when running your business.

Credit Cards 167

Credit Cards Debit Card Processors Non-Bank 167

Payments Dive

DECEMBER 20, 2023

The Minneapolis-based lender flagged a CFPB probe into prepaid card use last year. The OCC added a separate penalty Tuesday.

OCC 158

OCC CFPB 158

Fintech News

DECEMBER 20, 2023

JULO, an Indonesian fintech offering digital peer-to-peer lending, announced that it has launched ‘JULO Cares’, an embedded insurance coverage. This new offering, backed by global general insurer Sompo, provides device protection for users availing of JULO’s digital credit services. Throughout 2023, JULO has focused on launching new products aimed at supporting Indonesia’s underbanked and unbanked populations.

Financial Inclusion 112

Financial Inclusion Social Security FinTech Finance 112

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

DECEMBER 20, 2023

PayPal, Block and Global Payments representatives contributed to the Atlanta Federal Reserve Bank’s research on how to draw more people into the digital payments sphere.

Federal Reserve 113

Federal Reserve Fed Blocks PayPal 113

Stax

DECEMBER 20, 2023

Although credit cards have been around since the 1950s, in recent years, they’ve started to dethrone cash from its position as king of payment methods. With a whopping 84% of American adults owning at least one credit card (the average is 3 credit card accounts per person), card payments reached $9.43 trillion in 2021. In fact, that’s the fastest growth rate for card payments…ever.

Credit Cards 88

Credit Cards Small Business Processors Payment APIs and Integration 88

Stax

DECEMBER 20, 2023

Offering payment processing services is a move that makes sense for a lot of SaaS companies, particularly if your software helps your customers run their business. For example, if you have a project management app, then you can add payment features that allow people to use your software to take payments from their clients. Similarly, if you provide appointment scheduling solutions, then it’s worth offering payment tools so your users can leverage your solution to take upfront payments and deposi

Underwriting 88

Underwriting Process Payment APIs and Integration Enrollments 88

Fintech News

DECEMBER 20, 2023

Payment giant Mastercard has partnered with PT MRT Jakarta (Perseroda) to provide more payment options to commuters for cashless transit experiences. This announcement coincides with the renaming of Senayan Station to Senayan Mastercard Station. Travelers can now top up their MRT cards using Mastercard debit cards at station counters. Additionally, for the first time, Mastercard credit cards are now accepted for ticket purchases through the MyMRTJ app.

Visa 111

Visa Debit Card Payments Credit Cards 111

Stax

DECEMBER 20, 2023

Just starting out with your small business? Finding great credit card processing rates may seem impossible, but there’s hope. By following these simple tips, you’ll be able to secure credit card processing rates that make big businesses jealous. Learn More TL;DR Not all credit card processing companies are created equal. To ensure that you’re able to take payments in a cost-effective way, be sure to carefully compare their fee structures, contract terms, and available features.

Credit Cards 88

Credit Cards Small Business Process Security 88

Finextra

DECEMBER 20, 2023

Walmart has struck a deal with Affirm to offer buy now, pay later options at self-checkout kiosks at over 4500 US stores.

BNPL 123

BNPL Payments 123

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Stax

DECEMBER 20, 2023

In the complicated world of payment processing, understanding the nuances of debit card and credit card payments, along with associated processing fees, is essential for businesses. After all, there are many more payment options available than ever before, and each comes with differing costs and technology needs. This article explores the legal landscape surrounding surcharges, shedding light on the intricacies of state and federal laws and strategies for small businesses to manage processing co

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Debit Card Legal Credit Cards Processing Costs 88

Finextra

DECEMBER 20, 2023

The payments industry's ever-evolving nature blends innovation and change, traversing various paths.

FinTech 130

FinTech Innovation Payments 130

NFCW

DECEMBER 20, 2023

The European Council has agreed updated proposals for amendments to the European Union’s Directive on Driving Licences that lay out the legislative basis for integrating mobile driving licences into the European Digital Identity Wallet. The proposals were originally made by the European Commission and also allow for “the alignment of the technical elements for mobile driving licences with the revision of the digital identity (eIDAS) regulation and better link between the adoption of implementing

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Verification Origination Authorization Regulations 99

Fintech News

DECEMBER 20, 2023

Home Credit, an Indonesian consumer finance company, has secured an investment of US$100 million from Mitsubishi UFJ Financial Group’s (MUFG) division in the country, according to a report by Tech in Asia. This new capital injection will be strategically allocated towards financing initiatives that are aligned with Environmental, Social, and Governance (ESG) principles.

Finance 106

Finance Financial Inclusion Acquirers Governance 106

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 Payments Association

DECEMBER 20, 2023

LONDON, UK, December 18th, 2023 — Unlimit, the global fintech company, announced today Colin Neil as its new Global Chief Sales Officer.

FinTech 88

FinTech 88

Fintech News

DECEMBER 20, 2023

Obligate, a Swiss capital markets platform operating on blockchain technology, has facilitated the issuance of a USDC-denominated bond by the USD TradeFlow Fund. This development was executed on the Polygon blockchain. TradeFlow Capital Management , is a Singapore-based advisory firm to the USD TradeFlow Fund and a member of the Supply@ME Capital Group, utilises a non-credit, fintech-enabled strategy for supporting SME physical commodity import and export transactions.

Accreditation 104

Accreditation Blockchain Advisors Issuers 104

The Fintech Times

DECEMBER 20, 2023

Commercial International Bank (CIB) Egypt has selected IBM artificial intelligence (AI) technology to integrate existing and new services from branches, digital channels, mobile and internet banking, IVR, business processes and CRM. In an effort to revolutionise CIB Egypt digital banking, IBM implemented microservices using IBM Cloud Pak for Integration, deployed on Red Hat OpenShift , a platform that provides a single, unified experience that connects applications and data.

AI 83

AI CRM End User Governance 83

Fintech News

DECEMBER 20, 2023

Buy now, pay later (BNPL) arrangements, a type of short-term financing that allows customers to make purchases and pay for them in monthly installments, are growing strongly around the world, picking up steam among both customers and merchants. But despite increased adoption of these novel payment methods, BNPL profitability remains a challenge, hampered by high fixed costs, increasing funding expenses and elevated delinquency rates, a new report by the Bank for International Settlements (BIS) s

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BNPL Consumer Financial Protection Bureau (CFPB) Settlement Non-Bank 101

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

DECEMBER 20, 2023

UK fintech giant Revolut is set to make $1.9 billion in revenue this year, nearly double the $1 billion it pulled in in previous 12 months, according to Bloomberg.

FinTech 89

FinTech 89

Fintech News

DECEMBER 20, 2023

In 2023, Singapore actively pursued key initiatives across various domains in the financial sector. Green finance and environmental, social and governance (ESG) data took center stage, with the Monetary Authority of Singapore (MAS) launching Gprnt, a digital platform simplifying ESG data collection and access, as well as the establishment of Project Savannah, an initiative that aims to develop digital ESG credentials for micro, small, and medium-sized enterprises (MSMEs) worldwide.

FinTech 98

FinTech Cross-Border CBDC Web 3.0 98

Bank Automation

DECEMBER 20, 2023

BECU has rolled out same-day payments for its dealer partners as the credit union looks to increase funding speed as dealer cash flow remains squeezed amid elevated interest rates. The Tukwila, Wash.

Credit Union 78

Credit Union Payments Same Day ACH ACH 78

Finovate

DECEMBER 20, 2023

With a spot Bitcoin ETF expected in 2024, crypto investors, traders, and enthusiasts are likely feeling as optimistic about digital assets as they have in awhile. As the trauma of Sam Bankman-Fried and FTX fades further into the background, the digital asset community has been able to refocus its energies on a number of positive developments in the space – from the surging price of crypto assets like bitcoin to the increasing interest in cryptocurrencies from major financial institutions.

Bitcoin 75

Bitcoin Payment APIs and Integration Financial Inclusion Stablecoins 75

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

Bank Automation

DECEMBER 20, 2023

Financial institutions are looking to The Clearing House’s real-time payments network to grow deposits and offer instant gratification in their payments offerings. “It’s definitely been an interesting and accelerating year for the growth of the real-time payments (RTP) network,” Elena Whisler, chief client officer at The Clearing House, told Bank Automation News.

RTP 78

RTP Real Time Payments Payment Networks Automation 78

Finextra

DECEMBER 20, 2023

Centi is proud to announce the successful completion of its seed financing round led by Archblock and Bloomhaus Ventures with continued investments from existing shareholders and founders.

Finance 64

Finance Blockchain Continuity 64

Bank Automation

DECEMBER 20, 2023

Santander Bank has successfully moved its corporate investment banking business to the cloud as part of its effort to migrate all of its operations. The $1.

Transactions 78

Transactions 78

Finextra

DECEMBER 20, 2023

Yonder, the modern rewards credit card, has extended its relationship with GoCardless, the bank payment company, by adding Variable Recurring Payments (VRPs) alongside the Direct Debit functionality it uses already.

Credit Cards 64

Credit Cards Payments 64

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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.

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The Paypers

DECEMBER 20, 2023

Quadient has announced its partnership with Xero in order to fully automate and streamline accounting processes for SME clients in North America and the UK.

Automation 74

Automation Accounts Process 74

Finextra

DECEMBER 20, 2023

Mastercard has partnered with MDP to launch the first Carbon Calculator in Egypt, enabling customers to understand and consider the environmental impact of their purchases.

Visa 64

Visa 64

Tearsheet

DECEMBER 20, 2023

Spend management is expected to grow to $38 billion by 2030, up from $18.43 billion this year. And as the space becomes more competitive, some payments firms, like Wise , are already moving into the space. One particularly complex part of spend management is keeping track of expenditure when employees travel and it is also the area that is first to face cuts when a firm tightens the purse.

Process 59

Process Push-to-Card Visa Economy 59

Fintech Review

DECEMBER 20, 2023

Baas is not a mispelled fish. It is actually all the rage these days. So what is it then? You did not wonder how come so many new companies were able to hit the market in such little time? Banking-as-a-Service (BaaS) offers complete banking processes, such as payments or credit, as a service through modern API-driven platforms. In the ever-evolving world of fintech, there’s a new buzzword making waves: Banking-as-a-Service or BaaS.

Payment APIs and Integration 59

Payment APIs and Integration Non-Bank Innovation API 59

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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