Payments Dive

OCTOBER 3, 2024

After the storm ripped through the southeastern U.S., consumers and merchants have been left grappling with card network outages and cash shortages.

Consumer 190

Consumer 190

Faster Payments Council

OCTOBER 3, 2024

Save the date for the 2025 FPC Spring Member Meeting on April 23-24, 2025, at the Westin San Diego Bayview Hotel in San Diego, California. More details coming soon!

FPC 167

FPC 167

Payments Dive

OCTOBER 3, 2024

The Office of the Comptroller of the Currency blasted an Illinois law that prohibits credit and debit card interchange fees on tips and excise taxes.

Office of the Comptroller of the Currency 158

Office of the Comptroller of the Currency Laws OCC Debit Card 158

Finextra

OCTOBER 3, 2024

Banks around the world will next year start live trials of digital asset and currency transactions over the Swift network.

SWIFT 145

SWIFT Transactions 145

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

Payments Dive

OCTOBER 3, 2024

The card network may bend to emboldened fintech rivals and more assertive merchants following the Justice Department’s antitrust lawsuit.

FinTech 117

FinTech 117

Stax

OCTOBER 3, 2024

Customer relationship management (CRM) systems are not just tools for enterprises; they are equally essential for small businesses. Small business CRM software can give you a competitive edge to boost productivity, sales, and growth. For small business owners, harnessing the power of a CRM system means having a comprehensive view of customer interactions, tracking every sale and service request, and implementing strategic data-driven decisions.

CRM 88

CRM Small Business Automation Compliance 88

Nanonets

OCTOBER 3, 2024

💡 Note that this is the 3rd and final article in the series of VLMs for data extraction. You can find - the one about surveying VLMs here , and - evaluating VLMs on your own dataset here Introduction If you’re beginning your journey into the world of Vision Language Models (VLMs), you’re entering an exciting and rapidly evolving field that bridges the gap between visual and textual data.

Adjustments 105

Adjustments Use Case Process Returns 105

Bank Automation

OCTOBER 3, 2024

Credits unions tapping Dublin-based fintech Pulsate for mobile solutions see a return on investment with a major uptick in funded loans, engagement and transactions. It is imperative that “community financial institutions [are equipped with] the tools they need to not just survive in this digital-first world, but be competitive,” Sarah Martin, chief executive of mobile […] The post Mobile solutions offer competitive edge for credit unions appeared first on Bank Automation News.

Credit Union 105

Credit Union Returns Automation Transactions 105

Fintech News

OCTOBER 3, 2024

Experian has completed its acquisition of consumer and commercial credit bureau, illion , for A$820 million. John Banfield, CEO of illion, will step down following the acquisition’s completion. The acquisition includes illion’s team, data, software, and intellectual property across Australia and New Zealand. The integration of illion’s 500 employees into Experian is expected to create a unified business, broadening market options and offering data-driven solutions for businesses and consum

Continuity 105

Continuity Product Consumer Innovation 105

NFCW

OCTOBER 3, 2024

The German government is developing a digital wallet in which the country’s citizens can store their national identity card and official documents. The move follows the EU’s earlier mandate that all member states need to introduce a standardised European digital identity wallet (EUDI) enabling EU nationals to verify their identity across the EU27 countries.

Online and Mobile Banking 96

Online and Mobile Banking Cross-Border Privacy Security 96

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Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

Use Case

Segpay

OCTOBER 3, 2024

Age verification tools are crucial in the adult industry to ensure that only users of legal age (typically 18+) access adult content. Various tools and methods are used across platforms to verify age, ranging from simple age-checking prompts to sophisticated identity verification systems. Here are some of the most popular age verification tools and methods: Document-Based Verification Yoti : Yoti is a widely used digital identity platform that allows users to upload government-issued identificat

Compliance 91

Compliance Verification Database Privacy 91

Fintech Finance

OCTOBER 3, 2024

Consumers are losing over £17m a year by choosing to pay in pounds rather than the local currency when using credit and debit cards abroad. The figure is likely to be higher as this only accounts for the top five spending categories, ATM, accommodation, restaurants, duty free and groceries. Mystery shopper research was carried out on behalf of NatWest in countries around the world and found it was always cheaper to pay in the local currency.

Debit Card 97

Debit Card ATM Research International Payments 97

Finextra

OCTOBER 3, 2024

Post trade body Euroclear has partnered with blockchain firm Digital Asset and the World Gold Council in a pilot to tokenise gilts, gold and Eurobonds.

Blockchain 94

Blockchain Posting 94

Clearly Payments

OCTOBER 3, 2024

Payment terminals, often referred to as point-of-sale (POS) terminals or credit card machines, are devices that enable businesses to accept electronic payments from customers. There is a difference between a payment terminal (credit card machine) and a POS. In general terms, a payment terminal is a tool that just takes payments, while a POS system is a full toolkit that not only takes payments but also helps run various parts of a business.

Credit Cards 83

Credit Cards Contactless Payments Payments Point-of-Sale (POS) 83

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

Basis Theory

OCTOBER 3, 2024

Choosing to switch processors in the back-end rather than the front end nets significant benefits. Learn more here.

Processors 88

Processors Payments 88

Fintech Finance

OCTOBER 3, 2024

Numerated, the leading AI-driven commercial lending platform, today announced its partnership with Alloy, the identity risk management company trusted by over 600 leading banks, credit unions and fintech companies, to deliver best-in-class fraud checks within commercial lending. This strategic partnership will supercharge Numerated’s lending automation capabilities by combining cutting-edge risk management with advanced automation, providing unparalleled security and efficiency to financia

Fraud Prevention 93

Fraud Prevention Risk Management Credit Union Automation 93

Finovate

OCTOBER 3, 2024

Fidelity Investments has launched its first dedicated venture capital fund, Venture Capital Fund I. The $250 million Fund I targets mid-to-late stage companies in technology, media, and telecommunications sectors. The new fund marks a shift from Fidelity’s traditional private market investing, allowing the firm to make direct minority investments and cater to high-net-worth individuals, family offices, and registered investment advisers.

On-Demand 72

On-Demand FinTech Research Technology 72

Fintech Finance

OCTOBER 3, 2024

Worldline (Euronext: WLN), a global leader in payment services, announces a partnership with the Bank of China (Hong Kong) (‘BOCHK’), making it Worldline’s first customer of its open platform card solution Paysuite Essential Edition (Previously named Cardlite) in Hong Kong. BOCHK will leverage Worldline’s innovative cloud-native application to further enhance customer experience and expand customer offering with its new Mastercard multi-currency debit card.

Multi-Currency 92

Multi-Currency Payment APIs and Integration Debit Card Visa 92

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

Finextra

OCTOBER 3, 2024

Visa has unveiled a platform that helps banks issue and manage fiat-backed tokens such as stablecoins on blockchain networks.

Stablecoins 87

Stablecoins Blockchain 87

The Paypers

OCTOBER 3, 2024

The National Bank of Romania has announced that it authorised the instant payment system BLIK operation on the country’s territory.

Instant Payments 90

Instant Payments Central Bank Payments 90

Finextra

OCTOBER 3, 2024

Today, Klarna Checkout, also known as KCO, becomes the independent company Kustom.

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105

The Fintech Times

OCTOBER 3, 2024

Tink , the open banking platform from Visa , has launched a new feature to offer consumers a more detailed overview of their transactions in their banking app. Through its newest feature, ‘Merchant Information’, Tink is ensuring banking app transactions are shown with a clear brand name, logo, location, and merchant contact details – reducing the need for consumers to contact their bank to enquire about transactions they don’t recognise.

Transactions 69

Transactions Consumer Non-Bank Issuers 69

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

Finextra

OCTOBER 3, 2024

The first half of 2024 has seen a dramatic decline in spending within Ireland's fintech industry, reflecting cautious investor sentiment.

FinTech 75

FinTech 75

Finovate

OCTOBER 3, 2024

How can companies take advantage of the opportunity of AI to grow revenues, help develop new products, and better engage customers? Our latest Streamly interview features Chris Brown, President of Intelygenz , who shares strategies for businesses to effectively implement AI. In this interview, conducted by Finovate Senior Research Analyst Julie Muhn, Brown talks about Intelygenz’s engagement models that quickly deliver measurable ROI.

AI 64

AI Use Case Consulting Research 64

The Fintech Times

OCTOBER 3, 2024

Financial services giant American Express is launching commercial virtual card processing services to US merchants in partnership with B2B payments provider, Boost Payment Solutions. Through its ongoing investment in its business-to-business (B2B) network and in enhancing buyer and supplier capabilities, American Express is now offering merchants access to ‘Boost Intercept’, Boost’s Straight-Through Processing (STP) solution, at no additional cost.

Process 64

Process Point-of-Sale (POS) Automation B2B 64

The Paypers

OCTOBER 3, 2024

A new Finch Capital report has revealed that the UK has solidified its position in Europe’s fintech industry, accounting for around two-thirds of the total deals made in the region.

FinTech 68

FinTech Accounts 68

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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.

AI

Finextra

OCTOBER 3, 2024

HSBC has partnered B2B global trade network Tradeshift on a joint venture offering embedded finance solutions to business clients.

Embedded Finance 72

Embedded Finance Finance B2B 72

Finovate

OCTOBER 3, 2024

Identity verification solution and infrastructure company IDVerse announced a partnership with Hastings Direct Loans. The U.K.-based lender will leverage IDVerse’s technology to enhance the accuracy and reliability of its identity verification process. IDVerse, as OCR Labs, won Best of Show at FinovateAsia in 2017. The company rebranded to IDVerse in 2023.

Verification 59

Verification Deepfake Fraud Prevention User Authentication 59

Finextra

OCTOBER 3, 2024

Fizz today announced the launch of the next evolution of its Money App, specifically designed to empower students in managing their finances and building a strong financial foundation.

Finance 59

Finance 59

Nomentia

OCTOBER 3, 2024

Best practices to improve payment process security and prevent payment fraud Payment fraud, data breaches, hefty fines! You might not like it, but the recent news increasingly seems to suggest that when it comes to payment security, it's less a matter of if but when you'll face a critical data breach or have to deal with the consequences of payment fraud.

Best Practices 59

Best Practices Payment Security Data Breach Security 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