Payments Next
OCTOBER 21, 2024
By: Michael Seaman, CEO & Founder of Swipesum Network tokenization is a trending topic in the payments industry, transforming how transactions are The post Network Tokens: Understanding the Technology Transforming Consumer Payments first appeared on Payments NEXT.
The Payments Association
OCTOBER 21, 2024
What is this article about? The UK’s increasing fraud and scam problem, focusing on new regulations mandating automatic reimbursement for APP fraud victims. Why is it important? The rule changes provide stronger consumer protection but also raise concerns about industry costs and potential fraud exploitation. What’s next? Collaboration between regulators, law enforcement, and the counter-fraud community is needed to ensure the effectiveness of the reimbursement scheme and to mitigate
Stax
OCTOBER 21, 2024
Accepting credit card payments at your business is a surefire way of increasing customer satisfaction and retention. Don’t believe it? Here are the numbers to prove it. Over 80% of American adults owned at least one credit card in 2023. Also, credit cards contributed to 27% of the spending at point-of-sale (POS) systems worldwide. That’s over $10 trillion in transactions.
Fintech News
OCTOBER 21, 2024
Singapore-based regtech firm Tookitaki has secured funding from True Global Ventures (TGV) Opportunity Fund. The sum was not disclosed. This funding will support Tookitaki’s expansion across key Asian markets and bolster its financial crime prevention technology. Tookitaki’s platform, FinCense, uses AI to help institutions detect and address financial crime more effectively.
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
Payments Dive
OCTOBER 21, 2024
The CEO's for Stripe and Bridge confirmed the news on the social media platform X on Monday, but offered few details on the deal.
Fintech News
OCTOBER 21, 2024
Global payments company Thunes has launched a new service that enables banks to send payments directly to mobile wallets worldwide. By utilising their existing Swift connectivity, banks can now access Thunes’ Direct Global Network and process transactions to over 3 billion mobile wallets in 130 countries through 120 mobile wallet brands. This eliminates the need for separate technical integration and allows for faster, more transparent cross-border payments.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Fintech Finance
OCTOBER 21, 2024
Real-time payments are forecast to generate $285.8 billion of additional global GDP growth and create more than 167 million new bank account holders by 2028, according to a new report published by ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, in collaboration with The Centre for Economics and Business Research (Cebr).
Payments Dive
OCTOBER 21, 2024
The payments processor can undercut rivals on price because it won’t be paying bank fees, say industry consultants.
Finextra
OCTOBER 21, 2024
Real-time payments are forecast to generate $285.8 billion of additional global GDP growth and create more than 167 million new bank account holders by 2028, according to a new report published by ACI Worldwide.
Fintech Finance
OCTOBER 21, 2024
The Central Bank of Kenya (CBK) announces that the Kenya Electronic Payment and Settlement System (KEPSS) has been successfully migrated to the ISO20022 Global Messaging Standard (“ISO20022 Standard”). KEPSS, which is Kenya’s Real-Time Gross Settlement (RTGS) system, is operated by CBK to process large-value and time-critical payments. It is the backbone of Kenya’s domestic and regional payment transactions.
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
OCTOBER 21, 2024
Global payment revenues will remain robust over the next five years, enabling the sector to unlock an additional $700 billion by 2028, according to a McKinsey report.
Fintech News
OCTOBER 21, 2024
In Southeast Asia, e-wallets are rapidly emerging as the most used payment method, a trend that’s particularly pronounced in countries like Indonesia and the Philippines where a large proportion of the population still lack access to traditional banking services and where governments are pushing for greater usage of cashless transactions, a new study by Visa shows.
Finextra
OCTOBER 21, 2024
The National Bank of Kazakhstan will provide clients the “ability to spend crypto tokens” by the end of this year, announced Assel Marchenko, CTO and deputy of CEO, National Bank of Kazakhstan, at Sibos today.
Faster Payments Council
OCTOBER 21, 2024
Join us for an upcoming webinar, sponsored by Endava, on Tuesday, December 10 from 1:00pm-2:00pmCT. In this webinar, industry leaders will explore operational considerations for implementing instant payment systems, featuring insights from financial institutions that have successfully implemented the receipt of instant payments. Attendees will hear firsthand accounts of the journey these institutions took, including key lessons learned and the impact on their operations.
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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.
Finextra
OCTOBER 21, 2024
Innovations in AI and embedded finance have kickstarted a recovery in fintech funding, according to Q3 figures compiled by Dealroom.
Fintech News
OCTOBER 21, 2024
Switzerland shall have become a globally leading hub for green digital finance by 2030, further empowering positive environmental and economic impact. Committed and competent entrepreneurs are just as much needed as progressive, mission-driven corporates, and authorities that provide a secure and innovation-friendly framework. From this perspective, Switzerland is on the right path.
Finextra
OCTOBER 21, 2024
Tokenisation of money has many benefits, but also poses economic, legal and technical challenges that must be addressed if it is to fulfil its potential, says the Bank for International Settlements.
Fintech News
OCTOBER 21, 2024
Euroclear has acquired a strategic stake in Marketnode , a Singapore-based digital market infrastructure operator. The investment supports Euroclear’s growth strategy in the Asia Pacific region, although the financial terms were not disclosed. Euroclear is a Belgium-based financial services company that specialises in the settlement of securities transactions, safekeeping, and asset servicing for bonds, equities, and investment funds.
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Finextra
OCTOBER 21, 2024
“The People’s Bank of China (PBoC) will continue to promote healthy development of cross border payment in the principles of openness, cooperation and mutual benefit,” said Lu Lei, deputy governor, The People's Bank of China, during the Sibos’s opening plenary.
Fintech Finance
OCTOBER 21, 2024
CaixaBank closed the first months of the year with 4.4 million customers with cards linked to mobile devices, figures that are on the rise, with more than 800 million transactions in the last 12 months. With this, the bank reinforces its position as a benchmark in payment methods in Spain and reaffirms forecasts that point to the growth of mobile phones as means of payment among users.
Finextra
OCTOBER 21, 2024
Santander has launched its Openbank digital offering across the United States, taking its presence in the country nationwide.
Bank Automation
OCTOBER 21, 2024
Wells Fargo’s Innovation Center in Menlo Park, Calif., is hosting meetings with partners and venture capital firms after opening in May. “We are using this space to uncover new ways to collaborate internally, with customers, and partners, using skills across areas like research, emerging technology, product, strategy and operations to create solutions for our clients,” […] The post Wells Fargo opens innovation hub in California appeared first on Bank Automation News.
Speaker: David Nisbet, Everett Zufelt, and Michaela Weber
Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.
Finextra
OCTOBER 21, 2024
Mastercard has unveiled a set of tools designed to make it easy for people to manage how they share their financial data with third parties.
Fintech Finance
OCTOBER 21, 2024
The Payments Group launched today, a group of four cooperating specialist fintech and paytech businesses. TPG brands operate in a combined 190 countries, are used for payments on tens of thousands of apps/websites, and its cash services are available at 550,000 physical retail locations worldwide. TPG’s four fintech brands had a net revenue of €10 million in the last financial year and its founders are confident of navigating a ‘ruthless’ payments market under the new brand and business structur
Finextra
OCTOBER 21, 2024
How much choice is too much choice? The second day of AFP in Nashville, Tennessee, saw BNY Mellon’s Sumner Francisco, Finzly’s Karuna Kathir, PTap Advisory’s Peter Tapling and Walmart’s Sarah Arnio, take to the stage to discuss the adoption and benefits of Faster Payments and the differences between rails such as instant payments, same-day ACH, and push-to-card transactions.
Fintech Finance
OCTOBER 21, 2024
Over the past year Wise Platform , Wise’s global payments infrastructure for banks, financial institutions and larger enterprises, has further enhanced its product suite for partners and significantly expanded its global regulatory footprint. As a result, Wise Platform is helping more partners offer faster, cheaper, secure, and convenient international payments directly from their own platforms.
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.
Finextra
OCTOBER 21, 2024
CaixaBank has become the first financial institution in continental Europe to offer buy now, pay later services to users checking out with Apple Pay.
Fintech News
OCTOBER 21, 2024
My recent working paper , conducted in collaboration with Singapore Management University, reveals that over 40% of surveyed experts expect high or very high adoption of Decentralized Finance (DeFi) by 2034, marking a notable shift from today’s environment where there is no adoption beyond limited experimentation. To understand DeFi’s future impact, I surveyed 109 experts, including traditional finance professionals, DeFi industry practitioners, and DeFi-focused academic researchers
Finextra
OCTOBER 21, 2024
“Investors are chasing sustainable bonds to buy, and we think that over $800 billion worth of supply globally, around 20-25% of that global share comes from APAC, namely Asia in particular,” said Chuaoni Huang of BNP Paribas during a sustainable focused panel session at Sibos 2024.
Fintech News
OCTOBER 21, 2024
In India, embedded lending is rapidly emerging as a preferred method to access credit, a trend that’s expected to accelerate in the coming years. A study conducted by Visa, reveals that about two-thirds of consumers and micro and small businesses (MSBs) in the country are strongly inclined to switch to providers that offer embedded lending solution, an interest that’s particularly pronounced among those who have used embedded lending in the past, indicating that positive experiences are fueling
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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