Card debt climbs to record $1.13 trillion
Payments Dive
FEBRUARY 7, 2024
Consumers’ credit card debt rose nearly 5% in the fourth quarter, compared to the third quarter, adding to delinquencies as well.
Payments Dive
FEBRUARY 7, 2024
Consumers’ credit card debt rose nearly 5% in the fourth quarter, compared to the third quarter, adding to delinquencies as well.
PCI Security Standards
FEBRUARY 7, 2024
Welcome PROSA, a new Principal Participating Organization (PPO) at the PCI Security Standards Council! In this special spotlight edition of our PCI Perspectives Blog, PROSA CISO Valther Galván Ponce de León introduces us to his company and how they are helping to shape the future of payment security.
Payments Dive
FEBRUARY 7, 2024
The processing and acquiring company, which seeks a “very specific” special bank charter, doesn’t intend to compete with its financial institution partners, Fiserv CEO Frank Bisignano said Tuesday.
Finextra
FEBRUARY 7, 2024
The metaverse could place new demands on payment services that may be better met by central bank digital currencies and retail faster payment systems than by crypto, according to a Bank for International Settlements report.
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
Electronic Payments Coalition
FEBRUARY 7, 2024
Since Congress introduced price caps and routing mandates on debit cards in 2011, research from independent and government sources has illuminated their disproportionate negative impact on small businesses. While corporate megastores like Walmart and Target reaped billions in new revenue, small enterprises were largely excluded from the profits-bonanza.
The Fintech Times
FEBRUARY 7, 2024
The UK government has set over £100million aside for researching and developing Artificial Intelligence (AI) technology, and to support regulation in the space. Just shy of £90million of funding will go towards launching nine new research hubs across the UK, which will help experts leverage AI technology across the likes of healthcare, chemistry, and mathematics.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Basis Theory
FEBRUARY 7, 2024
Online dating and related services are booming globally, with demand increasing at a rapid pace. The market for online dating and apps was valued at $7.94 billion in 2023 and is projected to nearly double by 2030, according to Grand View Research.
Fintech Review
FEBRUARY 7, 2024
The financial sector is witnessing a paradigm shift with the ascent of the asset-light business model, a change spearheaded by fintech companies worldwide. This model, characterized by minimal physical assets and a heavy reliance on digital technology, offers fintech firms the agility and flexibility necessary to navigate today’s rapidly evolving economic landscape.
The Payments Association
FEBRUARY 7, 2024
PS23/4 policy urges banks to revamp strategies against APP scams, emphasizing prevention, collaboration, and innovative detection Read more
Fintech News
FEBRUARY 7, 2024
Entrust, known for its secure payments, identities, and data protection solutions, has confirmed that it is in the midst of discussions to acquire Onfido , a London-based firm specialising in artificial intelligence (AI) and machine learning (ML) powered identity verification technologies. According to TechCrunch , this deal could be worth “well above US$400 million” This move could significantly enhance Entrust’s identity verification offerings with Onfido’s advanced biometric
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.
Finextra
FEBRUARY 7, 2024
In the wake of the widespread shift to digital banking and ecommerce, fraud teams have seen a sharp increase in card transaction fraud. Since 2014, card transaction fraud has increased by an average of 8.9% per year and exceeded $32 billion in losses in 2021 alone. In an increasingly complex threat environment, card transaction fraud has devastating consequences for banks and merchants alike.
Fintech News
FEBRUARY 7, 2024
When speaking of the fintech ecosystem, Singapore often receives the limelight due in part to its success in establishing itself as a regional fintech hub. The same pattern emerges when looking at funding rounds. When you analyse the top funding rounds in South East Asia, more often than not you end up just looking at the top funded fintech startups in Singapore casting a large shadow over some of the well-deserving startups from other ASEAN countries that also deserve an equal amount of attenti
Fintech Finance
FEBRUARY 7, 2024
Ebury , a fintech specializing in cross-border payments and FX solutions, based in London and present in 25 countries, has introduced to the market a pioneering solution for direct transactions between the Brazilian real and the Chinese yuan. The new solution will facilitate and expedite trade between Brazil and China, which in 2023 alone totaled exports and imports of over US$145 billion, according to Brazilian Government data.
Fintech News
FEBRUARY 7, 2024
Global issuer-processor Paymentology has appointed Nuno Sitima as its Chief Operating Officer (COO), bringing with him a wealth of experience from his previous roles in the tech and financial sectors. In his role as COO, Sitima said that he is set to prioritise operational efficiency while also nurturing innovation at Paymentology. He held leadership positions at companies like MeaWallet AS, where he spearheaded initiatives in digital payments and tokenisation, and Opera Software, playing a cruc
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.
The Fintech Times
FEBRUARY 7, 2024
Exploring Africa’s blossoming fintech ecosystem, The Fintech Times delves into the success of Visa’s Accelerator Program through the lens of its participants, uncovering the program’s instrumental role in fostering and bolstering startups across the continent. Introduced in July of last year, the Visa Africa Fintech Accelerator is a 12-week virtual initiative designed to aid fintech startups throughout the continent, providing them with the necessary resources to foster growth and make a s
Fintech News
FEBRUARY 7, 2024
Google has announced a new pilot programme aimed at protecting Android users from financial fraud in collaboration with the Cyber Security Agency of Singapore (CSA). The pilot will first be launched in Singapore in the coming weeks. The pilot programme in Singapore focuses on preventing the installation of apps that request sensitive permissions commonly abused for financial fraud.
The Fintech Times
FEBRUARY 7, 2024
Payments are arguably the face of fintech. When you think about financial technology, it is easy to think about solutions which are making payments faster, easier and more accessible. Now, The Fintech Times turns its attention to the perception of BNPL and, more specifically, the various myths surrounding the space and how providers are busting them.
Fintech News
FEBRUARY 7, 2024
MariBank, a digital bank licensed by the Monetary Authority of Singapore (MAS) and wholly-owned subsidiary of Sea, announced it has surpassed S$200 million in assets under management (AUM) through its investment service, Mari Invest. Mari Invest offers access to a range of investment products, including the Lion-MariBank SavePlus fund, which is managed by Lion Global Investors, a Southeast Asian asset management firm.
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The Paypers
FEBRUARY 7, 2024
Elastos has partnered with The Metaverse Bank (TMB) to deliver decentralised digital ID services, to enable users to verify any form of personal credential securely.
Fintech News
FEBRUARY 7, 2024
In a year marked by remarkable financial achievements juxtaposed with significant challenges, DBS Group reported unprecedented earnings for the full year of 2023. However, the bank also made headlines for its decision to reduce compensation for its senior management, a move aimed at accountability for a series of digital disruptions that tarnished its otherwise sterling year.
Clearly Payments
FEBRUARY 7, 2024
Merchants rely heavily on payment processing systems to facilitate seamless transactions and drive revenue growth. To effectively gauge the performance of their payment operations and optimize their strategies, merchants must track and analyze key metrics and key performance indicators (KPIs). These metrics provide valuable insights into various aspects of payment processing, including transaction volume, customer behavior, and financial health.
Fintech News
FEBRUARY 7, 2024
Thailand’s Finance Ministry has officially removed the 7% value-added tax (VAT) on profits from cryptocurrency and digital token trades. This action, which took effect on 1 January 2024, is intended to propel the nation’s digital asset sector forward, offering an attractive alternative for fundraising endeavors. The Bangkok Post revealed that the VAT exemption, previously slated to end in 2023, will now continue indefinitely.
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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.
Bank Automation
FEBRUARY 7, 2024
Maria Mason, enterprise product manager at Citizens Bank, will speak at Bank Automation Summit U.S. 2024 about strategies for automating real-time payments (RTP). Bank Automation Summit U.S. 2024 takes place March 18-19 at the Omni Nashville in Nashville, Tenn., and brings together industry experts to discuss innovation in real-time payments, AI, RPA and more.
Fintech News
FEBRUARY 7, 2024
Singaporean sovereign wealth fund GIC has announced updates to its senior management team, effective from 1 April 2024, signaling a shift in leadership roles within the company. Sam Kim, the current Deputy Chief Operating Officer (COO), has been promoted to COO and will also join the Group Executive Committee (GEC), GIC’s top management entity responsible for major decisions regarding investments as well as organisational and personnel matters.
Finextra
FEBRUARY 7, 2024
Entrust, a provider of security services for payment cards, passwords and access controls, has confirmed that it has entered exclusive negotiations to acquire ID verification outfit Onfido.
Fintech News
FEBRUARY 7, 2024
When speaking of the fintech ecosystem, Singapore often receives the limelight due in part to its success in establishing itself as a regional fintech hub. The same pattern emerges when looking at funding rounds. When you analyse the top funding rounds in South East Asia, more often than not you end up just looking at the top funded fintech startups in Singapore casting a large shadow over some of the well-deserving startups from other ASEAN countries that also deserve an equal amount of attenti
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Finovate
FEBRUARY 7, 2024
This week’s Fintech Rundown features partnership and expansion news from a handful of Finovate alums, as well as some interesting fundings in the cryptocurrency and charitable giving space. Wealth Management Digital wealth and payments company Mogo expands its relationship with data cloud company Snowflake. U.K.-based wealth app Chip launches its first Cash ISA.
Bank Automation
FEBRUARY 7, 2024
Jack Henry updated its tech modernization strategy during its fiscal second quarter, the technology provider announced during its earnings call today.
Finextra
FEBRUARY 7, 2024
DBS chief executive officer Piyush Gupta is to take a 30% pay cut as punishment for a series of disruptive outages that hit the bank's payments and ATM services last year.
Bank Automation
FEBRUARY 7, 2024
BNY Mellon has expanded its use of Microsoft for cloud services and AI models, according to a Feb. 5 release from the bank.
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.
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