Thu.Oct 17, 2024

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Walmart pitches Fiserv’s Clover to business clients

Payments Dive

The retailer is offering the mega-processor’s Clover equipment and account services to its business clients at a discount through next January.

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Premier Bank, Mastercard, and Tappy Technologies Launch Tokenization-Passive Payment Wearables, Revolutionizing the Future of Payments

Fintech Finance

Premier Bank , in collaboration with Mastercard and Tappy Technologies , has launched Tap2Pay, making Premier Bank the first Somali Bank in Africa to launch tokenized-passive payment wearables. This solution marks a major milestone in the continent’s payment ecosystem, introducing secure, contactless transactions through cutting-edge wearable technology.

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The role of leadership in shaping payments industry innovation

The Payments Association

Visionary leadership is crucial for driving innovation and navigating the rapid changes in the payments industry. In the ever-evolving payments industry landscape, marked by rapid technological advancements, shifting consumer expectations, and a complex regulatory framework, the imperative for dynamic and visionary leadership has never been more pronounced.

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Klarna Payment Options Now Available at Checkout on Apple Pay In-App and Online

Fintech Finance

Klarna , the AI-powered global payments network and shopping assistant, is now available to users checking out on Apple Pay online and in apps with iPhone and iPad on iOS 18 and iPadOS 18 or later. Starting today, eligible Apple Pay users in the U.S. and UK will have access to Klarna’s flexible payment offerings, including pay later in three or four installments with no interest or over longer periods with APRs starting at 0%.

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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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Discover what 200 board members think about today’s boardroom

The Payments Association

‘Navigating a new era for the non-executive director’ is now available to download. The report is based on the insights of 200 UK board members surveyed in May this year. BDO undertook this research in partnership with executive search firm Norman Broadbent to explore the realities of the NED role today. Key research findings. The most valued NEDs are strategic thinkers with strong industry expertise 25% say they need more NEDs, but 98% say their board struggles to attract the right

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Increase Revenue by as Much as 93%: Introducing Stax Connect Plus

Stax

Navigating the world of payments can be complicated, especially when you’re running a software business with many moving parts. Embedding payments is a great first step, but encouraging merchants to adopt payments and onboarding them is another hurdle many ISV/SaaS businesses run into. If only there was a team that would work strategically with you to deliver a seamless payment experience in all areas including sales, support, activation, onboarding, product, and marketing… Oh, wait, now there i

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BVNK and Circle Partner to Expand USDC Utility for Global Business Payments

Fintech Finance

BVNK , the payments infrastructure provider, and Circle , a global financial technology firm, today announced a partnership aimed at accelerating the utility of USDC for BVNK’s global customer base. BVNK will integrate USDC more deeply into its payment offerings, enabling businesses to leverage USDC’s speed and stability for a variety of payment use cases.

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User-Based vs. Device-Based Age Verification: Protecting Minors Online 

Segpay

In today’s digital age, protecting minors from age-restricted content has become an increasingly important concern. Age verification systems are essential tools for ensuring compliance with regulations designed to prevent minors from accessing inappropriate content or services. This article explores the key differences between user-based age verification and device-based age verification methods, examining the advantages and characteristics of each approach.

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Global Study From Checkout.com Reveals Generation Alpha’s Rising Influence in Digital Economy

Fintech Finance

A global study released today by Checkout.com , a leading global digital payments company, highlights the consumer buying behaviour which is powering today’s digital economy. The research, conducted across the UK, US, UAE and China, reveals a number of trends, including the growing spending power of Generation Alpha. Children aged 8-15 years old (Generation Alpha) are driving over a quarter (27%) of their household’s monthly spend, rising to nearly a third of monthly spend for digital purchases,

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BIS Introduces Project Aperta for Secure Cross-Border Data Sharing in Finance

Fintech News

The Bank for International Settlements (BIS) has launched Project Aperta , an initiative aimed at improving open finance interoperability, reducing frictions, and cutting costs in global finance. The project focuses on connecting the domestic open finance infrastructures of different jurisdictions, enabling secure, encrypted data sharing via APIs. Initially, it will focus on trade finance for SMEs, targeting products like letters of credit, trade credit insurance, and supply chain financing, wit

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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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Broadridge Launches Instant Payments Service, Aligned with New EU Regulations

Fintech Finance

Broadridge Financial Solutions , Inc. (NYSE:BR), a global Fintech leader, today announced the launch of its highly resilient and scalable managed service for connectivity, message processing and workflow management for instant payments. The Broadridge service supports real-time money transfers, operating 24/7/365, with transaction processing times of under 10 seconds from payer to beneficiary.

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Batumbu Names Reza Perazi as President Director, Adds 2 New Board Members

Fintech News

Batumbu, an Indonesian fintech lending company and part of Validus Investment Holding, has appointed a new Board of Directors. Reza Perazi Armadi has been appointed as the new President Director, succeeding Tan Glant Saputrahadi, who stepped down from the role. Reza previously served as Deputy President Director and has over two decades of experience in the banking industry, particularly in MSMEs and supply chain finance.

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Thunes Expands its Direct Global Network into Egypt

Fintech Finance

Thunes , the Smart Superhighway to move money around the world, today announced a major expansion of its Direct Global Network into Egypt. This expansion brings mobile wallet and bank account payment capabilities to Thunes’ Pay solutions, enhancing the company’s cross-border payment services in one of the Middle East and North Africa’s most dynamic markets.

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FCA to open AI Lab

Finextra

The FCA is launching an AI Lab to work alongside banks, tech firms, academia and consumer groups to explore how AI can be safely and effectively integrated into financial services

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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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SoFi Technologies to Adopt Galileo’s Cyberbank Core for New Commercial Payment Services Sponsor Banking Program

Fintech Finance

SoFi Technologies, Inc. (NASDAQ: SOFI), a member-centric, one-stop shop for digital financial services that empowers members to borrow, save, spend, invest, and protect their money, has announced its adoption of Galileo ’s modern, cloud-based Cyberbank Core to power a range of payment services to commercial clients, including debit, prepaid, ACH and wire transactions, and associated banking services.

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Discover discloses SEC accounting criticism

Payments Dive

The federal agency disagrees with the way the card network is allocating card misclassification charges, Discover said in its third-quarter earnings report.

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Paymentology Launches Report on the Future of Cross-Border Money Movement in Collaboration with Fincog

Fintech Finance

Paymentology , the leading global issuer processor, today announces the launch of its latest industry report, The Remittance Revolution: How to Win in Cross-Border Money Movement, developed in collaboration with renowned financial consultancy Fincog. The remittance industry, which facilitates the transfer of funds between countries, is currently undergoing a transformation.

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Banks urged to act now to avoid future quantum catastrophe

Finextra

Banking regulators have put the financial indsutry on notice that they must begin immediately developing plans for mitigating quantum computing risks.

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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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Worldline Launches “Bank Transfer by Worldline”, a New Account-to-Account Payment Method in 14 European Countries by End of 2024

Fintech Finance

Worldline [Euronext: WLN], a global leader in payment services, today announces the launch of its account-to-account payment method named “Bank Transfer by Worldline”. The solution enables retailers to accept payments and completes the existing payment options offered to merchants. It also effectively addresses specific payment scenarios that traditional methods typically cannot accommodate, including invoices and high-value transactions.

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Worldline moves into account-to-account payment market

Finextra

Worldline is seeking to futher diversify its payment offerings with the launch of account-to-account payment services across ten European markets.

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More People Than Ever Choose Zelle with Nearly Half a Trillion Dollars Sent in First Half of 2024

Fintech Finance

Early Warning Services , LLC., the network operator of Zelle® , today announced that the person-to-person payments network helped 143 million consumers and small businesses move nearly half a trillion dollars — $481 billion, up 28% year-over-year in the first half of 2024. Transaction volume on Zelle increased by 27% year-over-year to over 1.7 billion transactions sent by individuals and small businesses across the network.

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Stripe in talks to acquire stablecoin platform Bridge

Finextra

Payment firm Stripe is reportedy in advance talks to acquire stablecoin platform Bridge, according to sources cited by Bloomberg.

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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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BPC and Arkwright Consulting Report Reveals that Challenger Processors are Growing at Four Times the Rate of the Overall Card Processing Market

Fintech Finance

BPC , a global leader in payment solutions, has released a comprehensive report in collaboration with Arkwright Consulting, detailing the evolution of the card processing market, the ecosystem involved in facilitating and managing card-based transactions, such as credit, debit, and prepaid card payments “ Next-Generation Card Processing ” highlights the trends reshaping the card processing industry and the rapid rise of challenger processors.

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Commvault partners with Pure Storage

The Paypers

Commvault , a provider of cyber resilience and data protection solutions for the hybrid cloud, has partnered with Pure Storage to support financial institutions in meeting DORA requirements.

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Klarna BNPL integrates with Apple Pay

Finextra

Klarna buy now, pay leter credit is now available to users checking out on Apple Pay online and in apps with an iPhone and iPad.

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The Bank for International Settlements (BIS) launches Project Aperta

The Paypers

The Bank for International Settlements (BIS) has initiated Project Aperta aiming to explore reducing frictions and costs in global finance by enabling cross-border data portability.

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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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APP fraud declines in H1; card not present cases up by 26%

Finextra

Financial losses from authorised push payment (APP) fraud, romance and purchase scams and impersonation deceptions show a marked decline in the first half of the year, according to new data from UK Finance.

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Truist clients need online and in-person support after storms

Bank Automation

Truist was reminded of the importance of investing in both digital and in-branch offerings following the past month’s hurricanes, Helene and Milton. The need for both in-person and digital capabilities becomes clear after storms like these. “Those economies go to cash” when communities don’t have access to digital channels due to power and internet […] The post Truist clients need online and in-person support after storms appeared first on Bank Automation News.

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Techcombank partners with Databricks for optimised banking solutions

The Paypers

Techcombank has announced its partnership with Databricks in order to optimise banking experiences for customers, through the use of improved data and AI solutions.

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TD invests in leadership, data to improve AML compliance

Bank Automation

TD Bank is bolstering its anti-money-laundering practices with leadership changes and investment in data and technology following regulatory scrutiny resulting in major fines The Financial Crimes Enforcement Network fined the Toronto-based bank $1.3 billion and the U.S. Department of Justice levied $1.8 billion in fines on Oct. 10, charging that TD failed to comply with […] The post TD invests in leadership, data to improve AML compliance appeared first on Bank Automation News.

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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.