Payments Dive

DECEMBER 12, 2023

Since his arrival in February, The Clearing House CEO David Watson has been remaking the company’s executive suite, with another appointment this week.

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The Fintech Times

DECEMBER 12, 2023

It’s a time of reflection and anticipation at The Fintech Times throughout December, as we look back at developments and trends over the last 12 months and forward to the year ahead. We’re excited to share the thoughts of fintech CEOs and industry leaders from across the globe to 2023’s key takeaways and what we should expect to be top of the agenda in 2024. insights served up today cover a wide range of topics, including investment trends in Latin America, the resilience of in

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FinTech Risk Economy Returns 128

Electronic Payments Coalition

DECEMBER 12, 2023

The Electronic Payments Coalition (EPC) issued a new document examining the negative effects the credit card mandates, similar to those imposed in Europe, would have on American consumers and the nation’s economy. Europeans, as a result of government mandates, have significantly restricted access to credit cards, and those with cards face fees up to 105% higher than American cardholders.

Credit Cards 119

Credit Cards Payments Economy Government 119

Basis Theory

DECEMBER 12, 2023

Why Does 3D-Secure Matter? 3D Secure ( 3DS ) provides an additional layer of security for online transactions, adding an identity confirmation partner to the standard communications between acquiring and issuing banks. It delivers real benefits to consumers (whose credit cards become harder to use fraudulently) and for merchants (whose exposure to chargeback fraud can drop like a rock).

Identity Theft 100

Identity Theft Consumer Credit Cards Acquirers 100

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

The Payments Association

DECEMBER 12, 2023

Plenty has happened in the payments space over the past 12 months. Landmark legislation has been passed and new technologies such as artificial intelligence (AI) have integrated themselves further, irreversibly changing the way transactions will be made. As the year draws to a close, we take a look at other triumphs and challenges faced by the industry in the past 12 months.

Payments 88

Payments AI Transactions Technology 88

BlueSnap

DECEMBER 12, 2023

Subscription-based billing models are common for today’s SaaS businesses. They provide steady revenue and help you foster long-term relationships with customers. Despite the benefits provided by the pricing model, it does come with unique challenges, particularly around payment processing. The post 7 SaaS Payment Gateway Considerations for Subscription Billing appeared first on BlueSnap.

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Payment Gateways Gateways Payments Process 104

Fintech News

DECEMBER 12, 2023

Credit rating agency S&P Global Ratings has unveiled its new stablecoin stability assessment service, designed to evaluate their capability in maintaining a stable value in comparison to traditional fiat currencies. This initiative is a step forward in expanding the firm’s analytical and risk assessment capabilities to cater to clients in both traditional finance and the evolving decentralised finance (DeFi) sectors.

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Stablecoins Assessments Risk Assessment Risk 107

The Payments Association

DECEMBER 12, 2023

Despite significant advancements in artificial intelligence and machine learning for profiling customers, a crucial issue remains among industry bodies: the lack of effective information sharing.

Security 88

Security 88

Payments Dive

DECEMBER 12, 2023

The activist investor has cut its ownership by about two-thirds, a sign that it might be satisfied with the payment company’s progress, Monness, Crespi, Hardt & Co. analyst Gus Galá says.

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Payments 88

Fintech News

DECEMBER 12, 2023

Financial software provider Finastra has shared its executive insights expert predictions for the fintech and banking technology landscape in 2024. Each executive offers a unique perspective from their own business segment, focusing on key areas across lending, payments, treasury services and trade finance. Their combined insights provide a comprehensive outlook to readers, highlighting emerging trends, challenges and opportunities that are shaping the fintech landscape in the year ahead.

FinTech 105

FinTech ISO 20022 Fraud Detection Instant Payments 105

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Paystand

DECEMBER 12, 2023

The shift towards digital payments has led to fast and efficient business growth opportunities. However, most business accounting and finance departments still need to catch up in adopting this payment method. By eliminating paper checks, the AR process becomes more effective, leading to faster payment cycles and efficient collections. Today, a B2B transaction is no longer a back-office-only process.

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B2B Digital Payments Payments Contactless Payments 98

Fintech News

DECEMBER 12, 2023

Global issuer-processor Paymentology has named Jeff Parker as its new CEO, succeeding the interim Co-CEOs Abe Smith and Angy Watson. Parker’s appointment as CEO of Paymentology is effective immediately. With a career spanning over 20 years, Parker has worked across four continents, bringing a global perspective to his new role at Paymentology.

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Processors International Payments Issuers Volume 106

NFCW

DECEMBER 12, 2023

Apple has offered to open up access to the iPhone’s NFC chip to rival mobile payments providers, “three people familiar with the matter” have told Reuters , “a move that could settle EU antitrust charges and stave off a possible hefty fine” “The European Commission is likely to seek feedback next month from rivals and customers before deciding whether to accept Apple’s offer, the people said,” Reuters adds.

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CHIPS Mobile Payments Payments 93

Fintech News

DECEMBER 12, 2023

Singaporean fintech DCS Card Centre (DCS) announced that it has raised S$300 million through an upsized issuance of asset-backed notes as part of the company’s strategy to bolster its growth. The newly issued notes, secured by credit card receivables, marks DCS’s ongoing efforts to expand and innovate within the consumer credit and payment solutions market in Singapore.

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Web 3.0 Credit Cards APACS Payments Strategy 99

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

NFCW

DECEMBER 12, 2023

PAYG: National Rall is updating its fare structure in preparation for introducing contactless payment UK transport provider National Rail has adjusted ticketing prices for commuter journeys into and out of London as a step towards rolling out pay-as-you-go contactless fare payments at more than 50 stations across the south-east of England. It is updating its fare structure for peak time and off-peak journeys in order to keep ticket prices and contactless fares “as similar as possible”, but has a

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Contactless Payments Adjustments Addressing Payments 92

Fintech News

DECEMBER 12, 2023

SingSaver, a personal finance comparison platform in Singapore that is a part of the MoneyHero Group, has recently enhanced its service offerings to include a comprehensive comparison of 43 travel insurance products. This development aims to simplify the process for consumers seeking travel insurance, particularly during the festive travel season. The products available for comparison and purchase include those from HL Assurance, MSIG, and Seedly, among others.

Product 97

Product Consumer Finance FinTech 97

NFCW

DECEMBER 12, 2023

CONNECTED APPAREL: The interactive hoodie is also printed with UK band Archive’s full discography CONNECTED APPAREL: The interactive hoodie is also printed with UK band Archive’s full discography CONNECTED APPAREL: The interactive hoodie is also printed with UK band Archive’s full discography International fashion house Balenciaga has released a limited edition collection of t-shirts and hoodies with an embedded NFC tag that enables purchasers to access an exclusive music track recorded by UK ba

CHIPS 89

CHIPS Authentication Product Technology 89

Fintech Finance

DECEMBER 12, 2023

Global card manufacturer Tag Systems (part of AUSTRIACARD Holdings AG) has achieved Mastercard certification for its biometric card based on Fingerprint Cards ’ sensor and STMicroelectronics STPay-Topaz-Bio solution. Banks and fintechs can now issue Mastercard-branded biometric payment cards to enhance convenience and security for cardholders. Roger Carrico, Vice President, Head of Sales & Business development, Payment & Access at Fingerprints comments: “In Tag Systems we have a partner

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Visa Encryption Privacy Agreements 87

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 News

DECEMBER 12, 2023

Financial software provider Finastra has shared its executive insights on the anticipated trends, challenges and opportunities for the fintech landscape in 2024. The team, comprising senior leaders from various business segments, offered a comprehensive analysis focusing on lending, payments, treasury services, and trade finance. According to Isabel Fernandez , EVP of Lending at Finastra, mid-sized and community banks are advancing beyond larger banks due to their agility and less cumbersome leg

FinTech 89

FinTech ISO 20022 Fraud Detection Financial Literacy 89

Bank Automation

DECEMBER 12, 2023

Generative AI utilization is a table stake for financial services industry leaders looking to improve customer experience, internal processes and risk management. According to a Dec. 11 report by consulting giant EY, 99% of financial services industry leaders have deployed AI and are planning to use the tech across their operations.

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AI Risk Management Consulting Risk 83

Fintech News

DECEMBER 12, 2023

Singapore-based financial services company Singlife has announced the launch of the second edition of its accelerator programme, Singlife Connect 2.0. This initiative follows the success of the programme’s first edition and aims to support up to ten startups specialising in insurance technology and related ecosystem enterprises. The programme is designed to foster collaboration between Singlife and participating startups, with a focus on co-creating and co-launching novel embedded insuranc

Financial Literacy 87

Financial Literacy Participant Innovation FinTech 87

Bank Automation

DECEMBER 12, 2023

Tom Durkin, global product head of CashPro in Global Transaction Services at Bank of America, will present on “What’s new in digital assistants: Implementing AI for enhanced user experience” at Bank Automation Summit U.S. 2024 on Tuesday, March 19, at 1:45 p.m. CT. Bank Automation Summit U.S.

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Automation AI Transactions Product 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

Paystand

DECEMBER 12, 2023

In today's dynamic business landscape, where every second counts, efficient financial management is crucial. Many small and mid-sized B2B enterprises leave money on the table when they could add to the bottom line. The challenge is that this money is in the form of scattered data, high fees, and time misuse–all of which are invisible to finance departments because they don’t always have the systems to collect and analyze it.

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Database B2B Finance Accounts 69

Bank Automation

DECEMBER 12, 2023

Financial institutions are looking to grow deposits and increase customer loyalty as business clients look to diversify deposits and manage liquidity.

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Technology Automation RTP Payments 78

The Fintech Times

DECEMBER 12, 2023

In 2016, Markus Prommik was travelling Southeast Asia when he discovered the untapped potential of the underbanked region. Subsequently relocating to Singapore and co-founding Danabijak to accelerate access to credit for individuals and SMEs in Indonesia, Prommik is now taking on a new challenge with Finfra. In this week’s In Profile, we speak to Prommik to learn about how he helped create Finfra , the one-stop shop for businesses integrating white-labelled lending products in Indonesia.

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Payment APIs and Integration FinTech Regulations Risk Management 67

Fintech News

DECEMBER 12, 2023

Local insurtech firm Surer in collaboration with Etiqa Insurance Singapore has introduced a new insurance product specifically designed for migrant domestic workers (MDWs). The “Go-Helper” product is fully customisable and exclusively available on the Surer platform. It can also be distributed by Surer’s intermediary users who represent Etiqa.

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Product Continuity FinTech Process 100

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AI

The Fintech Times

DECEMBER 12, 2023

Generative artificial intelligence has dominated much of the world’s discussion following the launch of ChatGPT by OpenAI. But as financial institutions (FIs), fintechs and banks ponder the potential of the technology, 30 per cent of UK consumers do not trust it at all; FIS , the financial services technology provider, has revealed. FIS conducted consumer research into the extent to which people understand and trust generative AI, as well as their attitudes towards the emerging technology’

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AI Consumer Use Case Research 62

Finextra

DECEMBER 12, 2023

French fintech Aria has landed a €15M funding round to expand its deferred payment infrastructure across the platform economy and B2B marketplaces.

FinTech 69

FinTech B2B Economy Payments 69

The Fintech Times

DECEMBER 12, 2023

The Welsh fintech industry is making strides in gender diversity and inclusivity, setting a gold standard that surpasses the rest of the UK, according to the second annual report by FinTech Wales. FinTech Wales, an independent membership association and champion of the fintech and financial services industry in Wales, outlines in its new report that there are currently 22,900 active, female-led companies across the nation.

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FinTech Volume Innovation Addressing 62

Fintech Review

DECEMBER 12, 2023

Starting a fintech business in today’s challenging albeit rapidly evolving digital environement is an enticing prospect. The industry has seen unprecedented growth, with innovative solutions addressing age-old financial problems and modern challenges alike. However, like any entrepreneurial venture , starting a fintech business is not without its set of challenges.

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FinTech Legal Financial Literacy Regulations 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