Fri.Aug 30, 2024

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Women in Payments Canada Symposium

Open Banking Excellence

24-25th September Live Event Linkedin Twitter Canada Symposium Be inspired by women making waves in the Canada payments industry and beyond. Join us at the 2024 Symposium! Our theme for this year is “ Women Leading the Generative Era “ Our keynotes, panels, and break-out sessions will help strengthen your skills while keeping you on top of industry trends.

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Earned wage access: Following states that have passed laws, or have legislation pending

Payments Dive

States began passing laws friendly to the industry in 2023 and have continued to pursue them this year, even after the federal government weighed in with a stricter standard.

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Financial house celebrates a successful summer with prestigious award and launch of card acquiring solution

The Payments Association

Financial House's new card acquiring solution is a game-changer for UK businesses looking to accept global payments with a single API. By integrating major card schemes like Visa, Mastercard, and UnionPay, and providing access to over 90 countries, Financial House simplifies the complexities of global transactions. The solution’s real-time monitoring, customised reporting, and secure, compliant infrastructure further enhance its appeal.

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PayJunction Expands Payment Capabilities with Text to Pay

Fintech Finance

PayJunction , a leading tech-focused payments company, announces it has added Text to Pay capabilities to its No-code Payments Integration®, Virtual Terminal, and API. The new feature enables businesses to seamlessly and securely implement Text to Pay into current invoicing workflows, enabling them to accept customer payments via SMS Message. This helps businesses better meet customer expectations while improving collection rates, contributing to overall revenue growth.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

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

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Navigating Change: Enhancing consumer experience and mitigating risks for UK finance lenders

The Payments Association

The UK Finance Annual Mortgage Conference highlighted the need for ethical AI use and innovative solutions to address challenges in the evolving housing market.

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Airtel Payments Bank Simplifies Digital Banking Experience with Enhanced Security and Transparency Features

Fintech Finance

Airtel Payments Bank is setting a new benchmark in digital banking by introducing two ground-breaking features in the banking section under the Airtel Thanks app: the Fraud Alarm and Transparent Banking. The two features are designed to elevate user experience by offering enhanced security and greater transparency in banking operations. The Bank showcased these solutions at the Global Fintech Fest 2024.

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Nium Grows Presence in Lithuania With Local Team and Office Expansion

Fintech Finance

Nium , the global leader in real-time cross-border payments, is expanding its operational hub in Vilnius through new hires and a new office facility that will better serve its growing customer base across Europe. This includes: Hiring 18 new full-time employees in Lithuania, representing 100% headcount growth over the last 8 months Moving to a new state-of the art office in Vilnius to support employees and collaboration among the local fintech community Appointing a new Chairman of the Board to

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How Mastercard taps AI, open banking to predict ACH payment success

Bank Automation

Mastercard is looking to AI and open banking for transaction monitoring, data standardization, and even to predict payments success. “We are very cautious and safe in the way we use AI” throughout the institution,” Jess Turner, head of global open banking and API at Mastercard, said Aug. 28 at Fintech South 2024 in Atlanta. Mastercard […] The post How Mastercard taps AI, open banking to predict ACH payment success appeared first on Bank Automation News.

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NatWest app glitch leaves customers unable to make payments

Finextra

For the second time in three months, the NatWest banking app has suffered technical issues, leaving some customers unable to make payments or fund transfers on Friday morning.

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Marqeta innovates to expand client base

Bank Automation

Card issuing platform Marqeta is looking to innovation in a bid to woo fintechs and businesses to diversify its revenue streams. “The environment is changing for fintech,” Todd Pollak, chief revenue officer at Marqeta, told Bank Automation News. “That means our higher strategy is evolving to think about what capabilities do we need, what compliance […] The post Marqeta innovates to expand client base appeared first on Bank Automation News.

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15 Modern Use Cases for Enterprise Business Intelligence

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?

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Busha and Quidax granted provisional licenses by Nigerian SEC

Finextra

Nigerian cryptocurrency exchange platforms, Busha and Quidax have been granted the first provisional licenses by the Nigerian Securities and Exchange Commission (SEC).

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Crypto.com Launches Global Retail Services with Standard Chartered, Starting in Dubai

The Fintech Times

Crypto.com has introduced a global service that lets users in over 90 countries to more easily manage their cryptocurrency transactions. The Global Retail Services initiative, accessible through the Crypto.com App, streamlines deposit and withdrawal capabilities, significantly improving the efficiency of users’ cryptocurrency transactions. Global Retail Services will initially roll out in the United Arab Emirates, where customers can now use the app to buy, sell and trade over 250 cryptocu

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Nium expands Lithuania hub

Finextra

Nium, the global leader in real-time cross-border payments, is expanding its operational hub in Vilnius through new hires and a new office facility that will better serve its growing customer base across Europe.

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iDenfy Launches Face Authentication to Weed Out Fraudsters in User Onboarding

The Fintech Times

Onboarding needs to be a quick and seamless process for organisations to ensure customers have the best experience when joining their firm. However, they must do their due diligence too, especially in the age of deep-fakes. To speed up this process to a matter of seconds, iDenfy , the Lithuanian regtech, is launching its new ‘Face Authentication’ service.

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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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Cboe buys minority stake in Japannext

Finextra

Japannext Co., Ltd. (Japannext), a provider of financial services and market solutions focused on operating an alternative market, today announced that Cboe Global Markets (Cboe) has agreed with SBI Holdings Inc. (SBI) to acquire a minority equity ownership stake in the company through a purchase of shares from SBI.

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Allpay Teams Up with Turn2us and WEA to Combat Financial Inequality

The Fintech Times

Allpay Limited , a UK payment solutions provider, has partnered with two national charities, Turn2us and the Workers’ Education Association (WEA) , to address financial inequality and promote social value across the UK. In July 2024, allpay donated £3,000 to each charity, supporting Turn2us in providing financial security resources and WEA in empowering adults through education.

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Open Banking vs Platform Banking: Implications for Traditional Banks

Finezza

Traditional banks often struggle to adapt due to a lack of innovation and personalised services, leaving them vulnerable to disruption. Open banking addresses these issues by securely enabling data sharing between banks and approved third parties via application programming interfaces (APIs). This collaborative method sharply contrasts with traditional banking’s siloed data model.

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Viamericas Corporation Partners With Paisamex to Add Payout Locations to Rural Areas in Mexico

The Fintech Times

Viamericas Corporation , a licensed, US-based international remittance company, is joining forces with Paisamex , an international money transfer platform provider based in Mexico, to offer additional options for remittance beneficiaries to receive money in Mexico. Through the new partnership, Viamericas Corporation and Paisamex will aim to connect migrant families and expand the reach and accessibility for customers in small towns and rural areas in Mexico.

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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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Analysing Open Banking vs Platform Banking: Implications for Traditional Banks

Finezza

Traditional banks often struggle to adapt due to a lack of innovation and personalised services, leaving them vulnerable to disruption. Open banking addresses these issues by securely enabling data sharing between banks and approved third parties via application programming interfaces (APIs). This collaborative method sharply contrasts with traditional banking’s siloed data model.

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This Week in Fintech: TFT Bi-Weekly News Roundup 30/08

The Fintech Times

The Fintech Times Bi-Weekly News Roundup takes a look at the latest fintech stories from around the world on Thursday 30 August 2024. Company milestones Busha, a cryptocurrency exchange platform in Nigeria, is granted one of the first provisional licences by the Nigerian Securities and Exchange Commission (SEC) to operate as a regulated virtual asset service provider.

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Community Bank & Trust Leverages ValidiFI to Verify Bank Account Information

Finovate

Community Bank & Trust selected ValidiFI to help verify bank account ownership and possession for prospective borrowers. Community Bank & Trust will leverage ValidiFI’s vAuth to verify bank account status and account ownership and possession for its Tax Refund Advance loan program. ValidiFI was acquired by alternative bank and payment data firm Ribbit last June.

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Are Long FCA Approval Wait Times Putting UK Crypto Hub Ambitions in Jeopardy?

The Fintech Times

Applications for registration as a cryptoasset exchange or custodian wallet provider have fallen by 51 per cent in the last three years in the UK, according to new data released by the Financial Conduct Authority (FCA). FCA figures reveal that it only received 29 applications last year (1 May 2023 until 30 April 2024), compared with 42 and 59 in the two years prior.

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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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The payment industry has three Rs: Rules, requirements, and regulations

ACI Worldwide Blog

Every child entering primary school learns about the three Rs: reading, writing, and arithmetic. All three are essential for survival in society. The payments market has its own set of three Rs: rules, requirements, and regulations. The post The payment industry has three Rs: Rules, requirements, and regulations appeared first on ACI Worldwide.

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How can the travel industry utilise the WeChat mini program?

PayXpert

You might be familiar with the SuperApp WeChat developed by China’s tech giant Tencent. In 2017 Tencent launched the WeChat mini programs, which are cloud-based, embedded apps within the WeChat ecosystem, in other words, these are“sub-applications” that operate within the WeChat app.

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How Much Do Credit Card Companies Charge Merchants?

EBizCharge

Navigating the complexities of credit card processing fees is a significant challenge for merchants in today’s digital economy. With the surge in cashless transactions, it’s essential for merchants to understand these fees to maintain profitability and deliver an efficient customer experience. What are credit card processing fees? Credit card processing fees are fees merchants must pay to accept credit card payments from their customers.

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10x Banking forms partnership with SunTec

Finextra

10x Banking, the cloud-native core banking platform, has announced a strategic partnership with SunTec Business Solutions, the world’s leading relationship-based pricing and billing provider, to enable banks to offer personalized and contextual products, services and offers to their customers, across Corporate, SME and Retail Banking.

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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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Net 30: What Is It and How Does It Work?

EBizCharge

In the fast-paced business world, payment terms can make or break a deal. Understanding the implications of Net 30 can help companies streamline their transactions and manage cash flow more effectively. Whether you’re a vendor setting terms or a buyer negotiating payment, knowing how Net 30 impacts invoicing, payment cycles, and financial planning is crucial.

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Paymerang and CFO Colleague Join Forces to Empower Higher Education Institutions with an Award-Winning Payment Automation Solution

Paymerang

Paymerang, a leader in B2B accounts payable (AP) payment automation, is pleased to announce a new partnership with CFO Colleague, a financial and operational advisory firm specializing in higher education.

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Bindo and JCB launch metal card

Finextra

JCB International Co., Ltd., the international subsidiary of JCB Co., Ltd. (“JCB”), Japan’s only international payment brand, and BINDO LABS LIMITED (“Bindo”), the parent company and developer of Wonder, a leading payments and fintech platform in Asia Pacific, announced the launch of the Wonder x JCB Metal Corporate Card on August 30, 2024.

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SumUp Limited Appoints CEO, CFO, and New Board Members

Fintech Finance

Global fintech SumUp has reinforced its European operations with a series of strategic executive appointments based at its Dublin office. Niall Mac an tSionnaigh is now CEO of SumUp Limited, SumUp’s Irish operating company, and Alastair Nolan, who joined as SumUp Group’s CFO Europe, will serve as SumUp Limited’s Head of Finance. Claire Gillanders is now Head of Compliance, after four years in SumUp’s risk organisation.

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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.