Payments Dive
AUGUST 15, 2024
If the banks that own Zelle’s parent battle the Consumer Financial Protection Bureau in court, they may find some federal judges open to their arguments, lawyers specializing in the area said.
The Payments Association
AUGUST 15, 2024
The history of payments has seen significant innovations, from gold and coins to cheques, wire transfers, and electronic payments. The advent of mobile payments marked a major shift, offering seamless, on-the-go transactions, with the market expected to grow rapidly. This growth is fueled by increasing smartphone penetration and the convenience of contactless payments, which became particularly popular during the pandemic.
Finextra
AUGUST 15, 2024
UK fintech Science Card has opened an e-money account to further its goal of supporting scientific projects across health, climate change and tech through customer spending.
Payments Dive
AUGUST 15, 2024
The Swedish buy now, pay later company will let consumers use savings accounts to make payments, receive refunds and earn cash rewards from some retailers.
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
The Payments Association
AUGUST 15, 2024
Last month, the UK's Payment Systems Regulator and Financial Conduct Authority launched a review into the rapidly growing use of digital wallets, with over 30 million Britons now using them regularly. Described as part of a "seismic shift" in payments, digital wallets are expected to process over $9 trillion globally by the end of 2024. While they offer convenience and lower transaction costs, challenges like regional adoption and security concerns remain.
National Processing
AUGUST 15, 2024
National Processing Future of Virtual Terminals: 16 Trends How does the future of virtual terminals and payment innovations look? Bright and full of promise for businesses and consumers. There are emerging payment technologies that will save money for all parties involved in payment transactions. And the rollout of new, security-focused digital payment solutions will help slow the onslaught of fraud that is at an all-time high.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Fintech Finance
AUGUST 15, 2024
Adyen , the global payments platform of choice for many of the world’s leading companies, today announced its expansion in India, following the grant of authorization from the Reserve Bank of India to operate as an Online Payment Aggregator in India for domestic and cross-border payments. The commitment to accelerate payment innovation in India includes a technology hub in Bengaluru (Bangalore) and the launch of local payment processing capabilities.
Payments Dive
AUGUST 15, 2024
“JPMorgan Chase is the industry leader when it comes to usurious overdraft fees,” Sens. Elizabeth Warren, D-MA, and Chris Van Hollen, D-MD, wrote in a letter sent Friday.
Fintech Finance
AUGUST 15, 2024
Zip (ASX: ZIP), a digital financial services company offering innovative, people-centered products, today announced its integration as a payment method for U.S. merchants using Stripe. With the new integration, eligible merchants can easily enable Zip as a payment method with a single click, which can help attract new customers and increase both conversion rates and basket sizes.
Payments Dive
AUGUST 15, 2024
Chime, PayPal and Block, for example, spent more on lobbying in the first half of 2024 than for the same span last year, OpenSecrets reported.
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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?
Fintech Finance
AUGUST 15, 2024
Modern Treasury , essential infrastructure for the new era of payments, has announced that it has expanded instant payments support for mutual customers of six leading banks — Bank of America, Cross River, JPMorgan Chase, PNC Financial Services, U.S. Bank and Wells Fargo. Instant payments, powered by the first new payment rails in the U.S. in more than four decades, enable businesses to move money faster and gain real-time insights into money movement as they track payments from initiation to re
Basis Theory
AUGUST 15, 2024
Payment orchestration is used interchangeably with payment routing, and we’re clearly defining both in this post!
Fintech Finance
AUGUST 15, 2024
People are now able to support UK innovations across health, climate change and tech by simply spending on their debit card, with the new Science Card account and Mastercard debit card. Through its free account, Science Card customers can choose which UK university project(s) they’d like to support and automatically contribute to these projects each time they use their Science Card.
Bank Automation
AUGUST 15, 2024
Valley Bank is using AI and automation to boost its efficiency without adding as much personnel. The $62 billion bank is using AI, machine learning and robotic process automation to limit “repetitive, manual tasks” for employees, Russell Barrett, senior executive vice president and chief operating officer, told Bank Automation News.
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
Fintech Finance
AUGUST 15, 2024
PayQuicker , a leader in global payouts orchestration, announced a collaboration with Thunes , a global money movement innovator, to expand its e-Wallet payout capabilities worldwide. The collaboration aims to address the increasing demand for more diverse, and flexible payout methods, especially in emerging markets where e-Wallets serve as essential financial tools.
Bank Automation
AUGUST 15, 2024
Since the start of the year, Wells Fargo has added new capabilities to its AI-driven virtual assistant, Fargo. Powered by Google Cloud, the digital assistant is now equipped with AI-driven insights to help bank clients better understand their spending habits and access actionable tips about their finances, according to the bank.
Fintech Finance
AUGUST 15, 2024
Sionic , a leading provider of real-time, Pay-by-Bank Commerce (PbBC) services, today announced the launch of its comprehensive fraud detection and mitigation service built exclusively for real-time, bank-to-bank payments at checkouts, whether online, mobile or in-store. Using Google Cloud’s Vertex AI platform, Sionic is able to help financial institutions and retailers detect fraud more effectively.
Finextra
AUGUST 15, 2024
Wealthtech entrepreneur John Wise and PE firm Stellex Capital Management have acquired S&P Global’s Fincentric business with a view to providing digital experiences and financial data distribution to the wealth, broking and asset management industries.
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.
Fintech Finance
AUGUST 15, 2024
Klarna , the AI-powered global payments network and shopping assistant, has launched two new products tapping into retail banks’ core business: everyday spending and saving. Launched in 12 countries across Europe and the US, this marks a significant step forward in Klarna’s mission to disrupt retail banking and become an every day spending partner to the world’s consumers.
Finextra
AUGUST 15, 2024
The UK's Payment Systems Regulator says it will assess the necessity and scope of mandated participation in Phase 1 expansion of Variable Recurring Payments (VRPs) following stakeholder feedback.
Fintech Finance
AUGUST 15, 2024
Yuze , a leading UAE-based fintech, has secured a $30 million investment from Osten Investments to drive its expansion into new markets. This funding will enhance Yuze’s mission to provide advanced financial solutions to SMEs and independent professionals beyond the UAE. The investment will accelerate Yuze’s plans to offer tailored financial services to underbanked businesses, supporting global financial inclusion initiatives.
Finextra
AUGUST 15, 2024
Klarna is rolling out an "account" where customers can store money and cashback rewards as the Swedish fintech continues to diversify beyond its BNPL roots into more traditional retail banking services.
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.
Nomentia
AUGUST 15, 2024
Increased automation, customizability and visibility for boosted accuracy, flexibility, and productivity New features and improvements! Nomentia Cash Management 2024.06 release introduces significant upgrades across various modules; customizable fields for more precise data capture, expanded bank connections for greater integration, and advanced features for AI-powered reconciliation.
Finextra
AUGUST 15, 2024
UK challenger banks once again outshone incumbents in the latest annual banking satisfaction survey conducted by the Competition and Markets Authority.
Finezza
AUGUST 15, 2024
The growth of Non-Performing Assets (NPAs) continues to be a top concern for digital lenders, today. According to reports, Indian banks continue to face challenges in recovering debt. India’s 39 Debt Recovery Tribunals (DRTs) and five Debt Recovery Appellate Tribunals (DRATs) struggle to cope with the volume of cases. Though 60,000 new cases are reported […] The post Tackling NPA: How Advanced Lending Software Solutions Are Helping Indian Banks appeared first on Finezza Blog.
Finextra
AUGUST 15, 2024
John Wise, Chairman and CEO of Communify Fincentric, explains the backstory to the company's acquisition of Markit on Demand from S&P Global. Aimed at fixing the financial industry's persistent challenge of fragmented data, this strategic move unifies client and market information in a single platform, integrating over 4,000 global data feeds to enhance AI-driven insights for portfolio managers, advisors and self-directed investors.
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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.
Fintech Finance
AUGUST 15, 2024
FIS® (NYSE: FIS), a global leader in financial technology, today announced that it is unlocking the Neural Payments solution to its clients, expanding the availability of peer-to-peer (P2P) payments by leveraging the company’s global scale and NYCE debit rails to bring this capability to a wider range of institutions. Neural Payments’ innovative platform enables bank customers to transfer money from their account to anyone, regardless of whether the recipient’s institution utilizes Neural Paymen
Finovate
AUGUST 15, 2024
A look at the companies demoing at FinovateFall in New York on September 9 and 10. Register today using this link and save 20%. APIMatic APIMatic’s developer experience platform adds a layer of technology between fintech APIs and developers to make integrations faster through automation and AI. Features Automates the creation of SDKs Includes dynamic use case guides Delivers AI-generated integration code Who’s it for?
Finextra
AUGUST 15, 2024
Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami”), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., announced the implementation of its credential stuffing protection into its digital banking platform challenge-response authentication process.
Nomentia
AUGUST 15, 2024
Nomentia is now one of the first vendors to provide Swift’s Business Connect to you. This solution makes it more straightforward than ever to connect your financial systems with banks and financial institutions globally within Swift’s network using Business Connect. In this article, we will introduce what Swift’s Business Connect is about, the benefits of this solution, and how Nomentia will help you to take it into use.
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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.
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