Thu.Aug 29, 2024

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Fed official questions faster cross-border payments ties

Payments Dive

Federal Reserve Governor Christopher Waller suspects there could be more fraud and money-laundering if countries move too quickly to link their faster payments systems, he said at a conference.

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Effective leadership in payments is more about dynamic protectionism than trust

The Payments Association

Richard Ney, CEO of Lerex Technology, presents his thoughts on why "Trust" is often a wrongly applied term in Payments. That it is the duty of Fintech companies to protect their customers using their understanding of how risk and compliance issues should be applied to technology. Dynamic Protectionism is a better description of how Fintechs should service their customers rather than applying blind trust.

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What is a Payment Service Provider (PSP) and How Do They Work?

Stax

The dominance of cashless commerce means only businesses that ensure the seamless processing of in-store and online credit and debit card payments will remain competitive. A PSP (Payment Service Provider) can equip your eCommerce and brick-and-mortar business with an all-in-one platform that supports multiple payment systems, including debit & credit cards, eWallets, and bank transfers (ACH).

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How mobile wallets boost security, convenience and inclusion for bill payments

Payments Next

By Brent Johnson, CISO, Bluefin A notable shift is occurring in the payment landscape as mobile wallets gain traction among consumers. Mobile The post How mobile wallets boost security, convenience and inclusion for bill payments first appeared on Payments NEXT.

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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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NCR Atleos Launches New LibertyX Bitcoin to Cash Feature Bridging the Digital to Physical Across the United States

Fintech Finance

NCR Atleos Corporation (NYSE: NATL) (“Atleos”) today announced the launch of a new LibertyX Bitcoin Cashout feature whereby enrolled LibertyX customers can sell bitcoin, picking up their cash conveniently at ATMs across the United States at thousands of leading merchant locations with a transaction point within five miles of more than three in four Americans once rolled out across all participating ATMs.

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Stripe Unveils AI-Powered Tools for Payments, Pricing, and Fraud Prevention

Fintech News

Payments firm Stripe has announced several new features aimed at enhancing cross-border commerce in Asia, including AI-powered payment tools and expanded market coverage. These updates were revealed during Stripe Tour Singapore, the company’s annual product showcase in the region. A key highlight is the introduction of Stripe’s Optimised Checkout Suite, which now uses artificial intelligence (AI) to determine the most suitable payment methods for customers based on their preferences.

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SoftServe Unveils Gen AI Solutions Powered by NVIDIA Technology

Fintech News

SoftServe, a global IT consulting and digital services firm, has introduced its Gen AI Solutions, enhanced with NVIDIA NIM Agent Blueprints, aimed at simplifying the deployment of generative AI (Gen AI) applications for enterprises. These solutions are designed to address common challenges in scaling Gen AI applications from prototypes to full-scale production, particularly in the Asia-Pacific region.

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OPEN Launches Bharat BillPay for Business in Partnership with NPCI Bharat BillPay Limited

Fintech Finance

OPEN , a leading fintech that offers an all-in-one finance platform for SMEs to automate their finances, has launched Bharat Billpay for Business in partnership with NPCI Bharat BillPay Limited (NBBL). With this launch, OPEN became one among the first few Indian fintechs to offer Bharat Billpay for Businesses. Bharat Billpay for Business is a cutting-edge platform developed by NBBL that streamlines B2B transactions by enabling businesses to manage and pay invoices via an interoperable network co

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Nvidia data center revenue up 154% YoY

Bank Automation

Chip manufacturing behemoth Nvidia reported record second-quarter revenue on growing demand for its data centers, hardware and AI models. “Data center revenue of $26.3 billion was a record, up 16% sequentially and up 154% year-on-year,” Chief Financial Officer Colette Kress said in the company’s earnings release on Aug. 28.

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Mastercard Selects India for the Global Launch of Its Payment Passkey Service, Accelerating Secure Online Checkout for Millions of Shoppers

Fintech Finance

During a keynote presentation at Global Fintech Fest in Mumbai, Mastercard announced the worldwide launch of its new Payment Passkey Service to make online shopping more secure and easier than ever. Debuting first in India as a pilot with some of the nation’s largest payments players, including payment aggregators such as Juspay , Razorpay and PayU , online merchants such as bigbasket and leading banks such as Axis Bank , the service will give millions of consumers more control and peace of mind

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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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Affirm shuffles leadership, promoting CFO to COO

Payments Dive

The BNPL provider plans to promote Michael Linford, the chief financial officer, to chief operating officer and tap a new CFO.

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TBC Bank Uzbekistan Secures $25 Million From Swiss Impact Investor BlueOrchard

Fintech Finance

TBC Bank Uzbekistan (TBC UZ), the country’s largest mobile-only bank, announces today it has secured $25 million in debt financing from a private debt fund managed by Switzerland-based impact investor BlueOrchard Finance Ltd (BlueOrchard). These funds will be dedicated to further expanding TBC UZ’s ecosystem. This will contribute to the ongoing growth of the digital bank’s loan portfolio and promote financial inclusion in Uzbekistan, Central Asia’s largest country by population.

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50% of Bank of America transactions are contactless, leader says

Bank Automation

ATLANTA — Contactless transactions saw a boost amid the pandemic and contactless payments are here to stay as adoption continues to tick up, according to Bank of America.

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Fime Expands NFC Offering With New Technical Centre in Lille

Fintech Finance

Fime has enhanced its Near Field Communication (NFC) testing offering by opening a new Technical Centre in Lille, France. This will strengthen Fime’s complete NFC testing solution, enabling full end-to-end design, development and integration support. It complements Fime’s existing consultancy, test suite and software capabilities to further reinforce the quality of its offer and its continued focus customer satisfaction.

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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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Canadian earnings roundup: Banks invest in digital banking, AI

Bank Automation

Canadian banks are continuing to invest in AI for improved client experiences and efficiencies. There is “continuous demand for digital innovation,” Karin Kirkwood, president of fintech Broadridge Canada told Bank Automation News.

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Pine Labs and Visa Announce Partnership to Boost Digital Payments Adoption Across Bharat

Fintech Finance

Leading fintech Pine Labs and Visa , the global leader in global payments have come together to scale digital payments acceptance and further India’s vision of a digital economy by unveiling Pine Labs Mini, a soundbox-enabled device for QR, Near Field Communication (NFC) and card payments. The partnership aims to significantly upgrade the in-store payment experience of millions of merchants across the country who currently rely on only printed QR codes or low-tech solutions.

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DIFC’s Dubai AI Hub Joins Forces With Google Cloud to ‘Unlock’ Startup Potential in Dubai

The Fintech Times

Dubai AI Campus , the dedicated cluster of AI companies at the DIFC Innovation Hub , home to the first fintech accelerator in the Middle East, is collaborating with Google Cloud, leveraging its expertise and resources to better support the local startup ecosystem. Through the new partnership, Google Cloud intends to offer mentorship opportunities for selected startups within the Dubai AI Campus.

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Crown Agents Bank to Collaborate with Visa on FX and ‘Last Mile’ Payments Across Emerging Markets

Fintech Finance

Crown Agents Bank (CAB) and Visa today announced a collaboration to enable fast, efficient and reliable payments and FX, especially across the ‘last mile’ – a term for the final and most complex stage in the payment process. CAB is a UK-regulated bank specialising in FX and cross-border payments for hard-to-reach markets. Visa has historically used CAB to provide FX liquidity in the settlement of high value payments – such as bank-to-bank transfers, or payments between large institutions – in ce

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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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PayPal and Fiserv Tighten Ties for Faster Checkout

Finovate

Fiserv is tapping PayPal to help its merchant clients offer faster checkouts through PayPal’s Fastlane. Fastlane recognizes returning customers via email, allowing them to autofill payment details and complete purchases in as little as one click. PayPal estimates Fastlane users convert more than 80% of the time, with a 50% higher conversion rate and a 32% faster checkout process compared to non-users.

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PayPal Expands Strategic Partnership with Fiserv to Streamline Checkout Experiences in the U.S.

Fintech Finance

PayPal Holdings, Inc. (NASDAQ: PYPL) today announced an expansion of its global strategic partnership with Fiserv, Inc. (NYSE: FI) which will streamline how merchant clients of Fiserv enable PayPal experiences for their customers. Building on a longstanding partnership between the two companies covering several products and services and millions of businesses, the expanded relationship simplifies how Fiserv clients enable PayPal, Venmo and related services, and provides these businesses with a s

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Novalnet and emerchantpay Set Sights on US Market, Following European Success

The Fintech Times

emerchantpay , the UK-based global payment service provider and acquirer, has expanded its strategic partnership with German-based all-in-one global payment service provider, Novalnet , in a move to maximise merchant growth across the US. By expanding the partnership to the US, Novalnet aims to enhance its own capabilities and maximise its merchant growth across the region by facilitating payment acceptance with the advanced payment solutions offered by emerchantpay.

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emerchantpay and Novalnet AG Expand Strategic Payments Partnership to the US Market

Fintech Finance

emerchantpay , a leading global payment service provider and acquirer, has announced the expansion of its strategic partnership with Novalnet AG, a German-based pioneer in all-in-one global payment services, to the United States. Building on their successful collaboration in Europe, this partnership aims to enhance Novalnet’s capabilities and maximise its merchant growth across the US by facilitating payment acceptance with emerchantpay’s advanced payment solutions.

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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.

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Crypto exchange Quidax secures Nigerian provisional license

Finextra

On Thursday, African-founded cryptocurrency exchange, Quidax announced that it has become the first crypto exchange to receive a provisional operating license by Nigeria’s Securities and Exchange Commission (SEC) as a Digital Assets Exchange.

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Payments Innovator Silverflow Partners with Halo Dot, a SoftPOS Provider, to Offer Clients an Out-of-the-Box Solution for Launching POS Payments

Fintech Finance

Silverflow , a leading innovator in payment processing technology, has partnered with Halo Dot , a pioneering provider of SoftPOS solutions to supply businesses with a seamless and powerful payments solution, combining Halo Dot’s SoftPOS application and Silverflow’s cutting-edge processing engine. Silverflow is building upon the decades-old payments infrastructure with new technologies fit for 21st-century businesses, making it unique among payments companies.

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World federation of Exchanges sets out good practice guidelines for crypto custody

Finextra

Today the World Federation of Exchanges (WFE), the global industry association for exchanges and central clearing counterparties, has published recommendations that establish good practice for crypto-asset custody providers, drawing lessons from traditional financial markets to guide the emerging digital asset space.

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Unlimit Partners with Alchemy Pay to Streamline Fiat-to-Crypto Purchases Worldwide

Fintech Finance

Global fintech Unlimit today announced the expansion of its long-standing partnership with Alchemy Pay , the leading fiat-to-crypto payment gateway, aimed at enhancing its growth in key target markets, like the EU, SEA and LatAm, with the support of Unlimit’s extensive payment method portfolio. Alchemy Pay facilitates fiat-to-crypto purchases across 173 countries, with strong coverage in Europe, Latin America, and Southeast Asia.

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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.

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Fiserv brings PayPal Fastlane and Venmo under the hood

Finextra

PayPal Holdings, Inc. (NASDAQ: PYPL) today announced an expansion of its global strategic partnership with Fiserv, Inc. (NYSE: FI) which will streamline how merchant clients of Fiserv enable PayPal experiences for their customers.

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Cross Border Payments on the Rise, Trulioo Reports 142% Surge in Remittance Transactions

Fintech Finance

Trulioo , an industry-leading identity platform with proven global coverage for person and business verification, today announced a 142% year-over-year increase in remittance-related transaction volume through its platform. As cross-border payment demand reaches new heights, remittance companies continue to turn to the Trulioo global platform for its comprehensive analytics and localized digital verification workflows in 42 languages.

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Zero Reveals How it Will Share Business Value With Customers Ahead of Launch

The Fintech Times

In late 2024, a new fintech will be landing on the scene with a focus on sustainability. The new finance app, Zero , will target climate-active 21-34-year-olds and educate them about their consumption and environmental impact. In addition to educating users, the app will also offer them solutions to make reductions on their carbon impact. Through personalised insights and actionable recommendations, Zero will empower individuals to reduce their carbon footprint and contribute to climate and nat

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Intellect forges global partnership with Wipro

Finextra

Intellect Design Arena Ltd (BSE: 538835, NSE: INTELLECT), an enterprise-grade financial technology leader, providing composable and intelligent solutions for futuristic global financial institutions, announces a Global Strategic Partnership with Wipro Limited, a leading technology services and consulting company.

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Secure SaaS Success: Embedded Finance as a Competitive Advantage

Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms

Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.