Wed.Aug 21, 2024

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Swiss banks turn on instant payments system

Finextra

Consumers in Switzerland can now send and receive payments in seconds following the market launch of instant payments across the banking industry.

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AI for cybersecurity: Fighting fire with fire

Bank Automation

Financial institutions are looking to AI and generative AI to mitigate the rising risk of cyberattacks as fraudsters take advantage of the technology.

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Sneak Peek: 2024 North America Community Meeting Speakers

PCI Security Standards

The excitement is building as we get closer to this year’s North America Community Meeting ! To add to the anticipation, we’re giving you a sneak peek of some of the amazing sessions that will be featured in Boston, 10-12 September.

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EWA providers crusade against CFPB rule proposal

Payments Dive

Earned wage access providers that backed state laws friendly to the industry are preparing for a fight over the Consumer Financial Protection Bureau’s plan to treat such payments like loans.

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The Evolving Retailers Fulfillment Strategy: Meeting Demands with Agility

Speaker: Becky Parisotto

Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever

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Crooks use progressive web apps for new phishing scam

Finextra

Security researchers have identified a new phishing technique using progressive web applications (PWAs) to target customers of banks in Eastern Europe.

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Israel Fintech Industry in 2024: A Year of Resilience

Fintech Review

By Nir Netzer , a Venture Partner at Tenity and the Chairman of the Israeli Fintech Association – FinTech-Aviv. The global fintech sector is set for tremendous growth in 2024, driven by expanding market opportunities and new innovations. One major development is the integration of Generative AI into the fintech landscape. This will revolutionise financial services delivery.

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Riding the Wave: Asia Payments Trends Show Digital Payments on the Rise

Fintech News

In the dynamic landscape of the Asian payments industry, a palpable shift is underway – one characterised by the rapid adoption of digital payment solutions. As we navigate the complexities of 2024, it becomes increasingly evident that traditional payment methods are gradually giving way to more digital alternatives. This transformative journey is propelled by a confluence of factors, each playing a pivotal role in shaping the future of payments across the region.

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Alipay Enhances China Travel for International Tourists with 16-Language App Upgrade

Fintech Finance

As Chinese inbound tourism gains momentum with the extension of its visa-free policy to more countries and the recovery of international flights, Alipay , the leading digital payment and lifestyle platform in China, now supports 16 languages on its App, further enhancing the travel experience of international tourists exploring China. These languages include Chinese, English, French, German, Italian, Spanish, Portuguese, Arabic, Russian, Turkish, Malay, Indonesian, Thai, Korean, Japanese, and Vi

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PEXX Acquires Blockchain Media Platform Chain Debrief After US$4.5M Raise

Fintech News

PEXX, a fintech startup specialising in stablecoin cross-border payments, has acquired Singapore-based blockchain media platform Chain Debrief. The acquisition, made for an undisclosed amount, follows PEXX’s recent US$4.5 million funding round led by TNB Aura and Antler. This acquisition allows PEXX to integrate Chain Debrief’s content, including articles, tutorials, and expert analyses, into its platform.

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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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Mastercard Appoints Winnie Wong as Country Manager for Thailand and Myanmar

Fintech Finance

Mastercard has announced the appointment of Winnie Wong as country manager, Thailand and Myanmar. Based in Bangkok, Winnie will oversee all Mastercard activities in the two markets, including business development, implementation of innovative, safe, and smart payments solutions for businesses and consumers, as well as the growth and delivery of commercial solutions to corporations and SMEs.

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OCBC and Singapore Police Freeze Over 300 Accounts, Seize S$1.8 Million

Fintech News

More than 300 suspicious bank accounts were frozen, and over S$1.8 million was seized in a joint operation between the Anti-Scam Centre (ASC) and OCBC. The operation, conducted from May to August 2024, targeted accounts allegedly involved in facilitating scam-related activities, particularly those opened by foreigners. The Singapore Police Force had observed an increase in suspicious transactions involving these accounts, which were used to layer and obscure the origins of scam proceeds.

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Stan Chooses Stripe to Improve Business Agility with Payments and Billing

Fintech Finance

Stripe , a financial infrastructure platform for businesses, today announced a partnership to power online payments and subscription billing for Stan , Australia’s leading local streaming service. The company, launched in 2015, is known for providing Australians with unlimited access to thousands of hours of entertainment including first-run exclusive shows, original productions, movies, kids programming, and sport, all ad-free.

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PXP Financial joins Zebra Technologies’ PartnerConnect programme

The Payments Association

PXP Financial joins Zebra's PartnerConnect programme to enhance mobile payment capabilities, leveraging Zebra's innovative solutions and global partner network.

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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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Shiji and FreedomPay Announce Partnership to Transform Mexican Hospitality Payment Solutions

Fintech Finance

Shiji , the global hospitality technology innovator, and FreedomPay , a leading provider of secure commerce technology, have announced a partnership that marks a significant expansion into the Mexican market. This partnership underscores Shiji and FreedomPay’s commitment to improving staff and guest experiences in the hospitality businesses across Latin America, aligning with the industry’s shift towards smoother payments and payment management.

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Comparing Virtual Terminals to Traditional POS Systems

National Processing

National Processing Comparing Virtual Terminals to Traditional POS Systems Time to take a closer look at virtual terminals vs. POS systems. While you can’t go wrong with either (if you have a reliable payment processor), there are nuances to note. We have put together the most comprehensive comparison available just for you. Why?

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Bank of Israel Allocates an Identification Code to an International Entity: the Nonbank Payment Services Provider Revolut Ltd.

Fintech Finance

The Bank of Israel has announced the issuance of an identification code to a second global fintech company that has chosen to operate in Israel as a participant in a controlled payment system – Revolut Ltd. The company is operating along the “international outline” published by the Bank of Israel[1], which enables access to the payment systems based on a foreign license from a recognized country, as well as on meeting additional conditions.

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DBS Tests Blockchain-Based Government Grant Disbursements

Fintech News

DBS has launched a pilot project for programmable grant disbursements in collaboration with Enterprise Singapore (EnterpriseSG) and the Singapore Fintech Association (SFA). This initiative aims to streamline government disbursements to businesses, enhancing governance and efficiency while offering a better user experience. It also provides businesses faster access to government cash payouts.

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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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Skyfire Launches Payment Rails for AI

Fintech Finance

Today, Skyfire Systems, Incorporated announced the launch of the world’s first payment network built to enable fully autonomous transactions across AI Agents, LLM’s, data platforms, service providers, and other goods and services. Skyfire creates an essential operating layer, delivering critical missing components for AI commerce, including secure wallet access, verifiable Agent identity, and an open payment protocol for service requests, purchasing decisions, and instant transactions with

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European transactions: Cockroach Labs, PwC UK team up on data sovereignty, modernization

Bank Automation

U.K. regulators are starting to look at the European Union’s Digital Operational Resilience Act, and are monitoring the resiliency and business continuity plans of critical industry enterprises, a trend that is leading to new transactions. Software company Cockroach Labs Chief Executive Spencer Kimball told Bank Automation News, that the U.K.

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Klarna Acquires Laybuy in New Zealand

Fintech Finance

Klarna , the AI-powered global payments network and shopping assistant, has acquired Laybuy ’s assets in New Zealand, the birthplace of the payments provider, and plans to relaunch the service in the coming weeks. Laybuy, which ceased operations in June, is set to make a reenergized return in New Zealand under Klarna. With Klarna’s extensive expertise and global presence, New Zealand consumers and merchants will benefit from a revitalized platform with superior payment flexibility and user exper

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Brazil's Pix lands in Europe

Finextra

Brazilian tourists in Spain and Portugal will soon be able to use the Pix instant payments system on their trips thanks to a partnership between PagBrasil and Wipay.

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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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Yellow Card Leverages Fireblocks to Streamline Cross-Border Transactions in Africa

Fintech Finance

Yellow Card , Africa’s leading stablecoin on/off ramp, has announced that it is integrating digital asset infrastructure provider Fireblocks to improve cross-border transactions for both businesses and individuals. By utilizing Fireblocks, Yellow Card seeks to remove obstacles for global corporate treasury, in accessing African markets, by offering secure and effective on-chain solutions.

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Nigeria SEC to begin licensing virtual asset issuers

The Paypers

Nigeria's Securities and Exchange Commission ( SEC ) is preparing to license issuers of virtual assets, including cryptocurrencies.

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Trustly Appoints Payments Industry Veteran Adam D’arcy as CPO

Fintech Finance

Trustly, Inc., the global leader in Open Banking Payments, is proud to announce the appointment of Adam D’arcy as Chief Product Officer (“CPO”). After processing $58 billion in transaction value globally and achieving 79 percent year-over-year growth in Total Payments Volume (TPV) in 2023, Trustly looks to reinforce its product team by bringing on D’arcy to lead several upcoming product expansions for Open Banking Payments.

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Rakuten Viber to launch Viber Pay in the Philippines

The Paypers

Private and secure messaging and voice communication app Rakuten Viber has announced the launch of in-app digital payments feature Viber Pay in the Philippines.

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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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Network International Enters a Referral Arrangement With Citi to Offer Innovative Payment Solutions to Bank’s Corporate Clients

Fintech Finance

Network International (Network) , the leading enabler of digital commerce in the Middle East and Africa, today announced a strategic referral arrangement with Citi. The arrangement aims to enhance the payment experiences for Citi’s corporate clients by leveraging Network’s comprehensive omnichannel payment solutions. The referral arrangement will empower Citi to offer its corporate clients superior payment management solutions including enhanced transaction efficiency, increased security, and se

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Stripe, Zip partner on BNPL processing

Payments Dive

The buy now, pay later firm will partner with Stripe, adding another major payments player tie to a set of recent high-profile collaborations.

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Revenue Up, Costs Down: How Proptech Is Transforming Property Management

The Fintech Times

As the real estate industry continues to embrace digital transformation, proptech innovations are playing a crucial role in helping property owners maximise profits and control expenses. From advanced data analytics to smart building technologies, these innovations offer powerful tools for enhancing operational efficiency and driving revenue growth.