Payments Dive

DECEMBER 21, 2023

Google’s settlement with attorneys general this week includes a lengthy list of changes the tech titan must make in its approach to in-app payments.

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Settlement Payments 179

BlueSnap

DECEMBER 21, 2023

For many businesses, 2023 has been about making the most of the time, resources and money at hand. Our most read content within our Resource Center says a lot about what businesses are thinking about payments today and their impact on the bottom line. The post The Best of BlueSnap: The Top 10 Payment Content Pieces of 2023 appeared first on BlueSnap.

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Payments Posting 125

The Fintech Times

DECEMBER 21, 2023

It’s a time of reflection and anticipation at The Fintech Times throughout December, as we look back at developments and trends over the last 12 months and forward to the year ahead. We’re excited to share the thoughts of fintech CEOs and industry leaders from across the globe to 2023’s key takeaways and what we should expect to be top of the agenda in 2024.

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Cross-Border Payments Cross-Border Online and Mobile Banking Payments 115

Basis Theory

DECEMBER 21, 2023

The terms “payment tokens” and “network tokens” can be found trending as far back as early 2004, but conversation around them has become inescapable in the last few years.

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Payments 88

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

The Fintech Times

DECEMBER 21, 2023

Exploring the rich possibilities within Africa’s fintech ecosystem, The Fintech Times delves into Visa ‘s inaugural fintech accelerator, dedicated to nurturing the evolving fintech sector in Africa. The fintech startup scene in Africa is growing at an exceptional rate, with the overall number up 125.2 per cent between 2017 and 2023. ¹ However, even with compelling growth prospects across the continent, there is still plenty of work to be done.

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Innovation FinTech Financial Inclusion Economy 109

Finextra

DECEMBER 21, 2023

Eastern Bank in India is launching what it claims is the world's first biometric metal card for premium customers.

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FloQast

DECEMBER 21, 2023

10 years. $700 million. Or, wait. 10 years, $20 million? No. 10 years, $460 million. Whatever the actual figure is, Shohei Ohtani is going to get paid. The newest Los Angeles Dodger might be the best baseball player on the planet — and his last few seasons stack up favorably to some of the best baseball players of all time — and he’s going to be compensated accordingly.

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Caps Fed Accounts Payments 105

Fintech News

DECEMBER 21, 2023

Fintech News Singapore would like to take this opportunity to wish all our readers a Merry Christmas and a very Happy New Year. We will be taking a break from the 22nd of December 2023 to the 2nd of January 2024. Until then, you can access some of our year-end articles that may be of interest to you. We look forward to seeing you all again on the 3rd January 2024!

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Cross-Border Digital Currency FinTech Posting 103

NFCW

DECEMBER 21, 2023

INNOVATION: EBL customers can already use NFC-enabled wearables to make contactless payments INNOVATION: EBL customers can already use NFC-enabled wearables to make contactless payments INNOVATION: EBL customers can already use NFC-enabled wearables to make contactless payments Customers of Eastern Bank (EBL) in Bangladesh will soon be able to apply for a metal biometric payment card that will enable them to authenticate contactless payments at the point of sale with their fingerprint.

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Contactless Payments Payments Authentication Innovation 89

Finextra

DECEMBER 21, 2023

Eastern Bank in Bangladesh is launching what it claims is the world's first biometric metal card for premium customers.

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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?

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Finovate

DECEMBER 21, 2023

SaveAway is celebrating the season with its “$24 to Ring in ’24 program. The new offering, timed for the New Year, will put $12 in the SaveAway wallet of new sign ups and another $12 for any referral who signs up and completes a SaveAway plan. That’s $24 for new users who bring along a referral now through January 2024. In an email, CEO and founder Om Kundu explained the thinking behind the “$24 to Ring in ’24” plan. “The $24 to ring in 2024 initiative i

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Consumer Legal Laws Facilitators 84

Payments Dive

DECEMBER 21, 2023

In an expanded partnership between the two companies, Walmart is adding Affirm’s buy now, pay later option at its checkout kiosks at most stores.

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Bank Automation

DECEMBER 21, 2023

Credit Acceptance Corp. went live Dec. 19 with real-time payments for its dealer base through a partnership with Citizens Financial Group. Dealers can receive payments six times per day, Monday through Saturday and on select holidays, Credit Acceptance (CAC) Chief Marketing and Product Officer Andrew Rostami told Auto Finance News, a sister publication to Bank Automation News.

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RTP Real Time Payments Automation Finance 80

Payments Dive

DECEMBER 21, 2023

Spade is tapping its recent funding to try to lure more big U.S. banks to its services, CEO Oban MacTavish said.

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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

Bank Automation

DECEMBER 21, 2023

As the global economy faced macroeconomic headwinds coupled with rising rates, fintech funding in 2023 remained subdued compared to prior years. Global fintech funding stood at $30.

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FinTech Economy 78

Finovate

DECEMBER 21, 2023

Join Finovate VP and host of the Finovate Podcast Greg Palmer as he wraps up 2023 and gets us ready for 2024 with a quartet of conversations about the latest trends in fintech and financial services. From life stories about women and men who became fintech converts, founders, and innovators later in their professional careers to discussions on enabling technologies like Generative AI, the Finovate Podcast is a great place to hear some of the smartest voices in our business talk about what matter

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AI Innovation FinTech Technology 72

Bank Automation

DECEMBER 21, 2023

Fraudsters continue to do damage in the finance industry, evidenced by recent attacks against Fidelity National Financial and Mr. Cooper, and financial institutions must strengthen their systems to avoid hacks and respond to breaches. In 2023, the average cost of a data breach in the financial industry was $5.

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Compromise Data Breach Breach Finance 75

Finextra

DECEMBER 21, 2023

The Payment Systems Regulator issued Specific Requirement 1 on the Faster Payments Scheme Operator (.

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Scams Consumer Faster Payments Regulations 98

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

The Fintech Times

DECEMBER 21, 2023

Throughout 2023, a variety of different themes emerged from the Middle East and Africa (MEA) region. From government involvement, to new partnerships and collaborations, to the adoption of new technologies; the region has seen it all. In light of this, what can we expect from fintech in MEA in 2024? MEA following global fintech trends Despite the explosion of fintech growth across the world, the current global economic challenges have hindered fintech’s development.

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FinTech Distributed Ledger Technology (DLT) Cross-Border Payments Cross-Border 63

Finextra

DECEMBER 21, 2023

With 2023 drawing to a close, we take a look back at our most popular news items, videos and community engagement activities over the course of the past year.

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The Fintech Times

DECEMBER 21, 2023

The American Fintech Council (AFC), the industry association representing fintech and banks, has given its support for The Fair Audits and Inspections for Regulators’ (FAIR) Exams Act, which aims to enhance transparency and accountability in bank examinations. The bipartisan legislation – introduced by US Senator Jerry Moran ( R-KS) and co-sponsored by US Senators Joe Manchin (D-WV), Bill Hagerty (R-TN), and Thom Tillis (R-NC) – also seeks to create a robust appeals process for legit

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Regulations Accounts FinTech Disputes 63

Finextra

DECEMBER 21, 2023

The current macroeconomic landscape is marked by exceptional volatility and uncertainty, posing challenges to traditional models in the financial services sector. Despite this new challenging market context, some financial institutions continue to hit pause on using AI and cloud technology, falling behind the curve. Leveraging new technologies can no longer be a zero-sum game.

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AI Continuity Technology 59

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

The Fintech Times

DECEMBER 21, 2023

The payments industry is undergoing a profound transformation, driven by technological advancements and shifting market dynamics. With real-time global payment networks spanning hundreds of currencies and numerous countries, the sector is poised for significant changes. Prajit Nanu, founder and CEO of Nium, the real-time global payments company with a payout network that supports 100 currencies and spans more than 190 countries.

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Cross-Border Cross-Border Payments Payments Multi-Currency 63

Global Fintech & Digital Assets

DECEMBER 21, 2023

The OCC outlines safety and soundness principles and appropriate risk management processes for its regulated institutions that engage in BNPL lending. By Arthur S. Long , Parag Patel , Barrie VanBrackle , Becky Critchley , Deric Behar , and Charlotte Collins On December 6, 2023, the Office of the Comptroller of the Currency (OCC) issued Bulletin 2023-37 (Guidance), which clarifies the OCC’s policy positions on the risk management of “Buy Now, Pay Later” (BNPL) lending.

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OCC BNPL Electronic Fund Transfer Act (EFTA) Federal Trade Commission 59

The Fintech Times

DECEMBER 21, 2023

Yonder, the rewards credit card provider, has expanded its partnership with GoCardless , the bank payment company. They have introduced variable recurring payments (VRPs) alongside the Direct Debit functionality they already utilise. With GoCardless’ Instant Bank Pay, Yonder members can now settle their credit card balances using VRPs. This collaboration enables Yonder to offer both Direct Debit and instant, recurring open banking payments through a single provider, simplifying payment opt

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Credit Cards Payments Continuity Finance 58

The Paypers

DECEMBER 21, 2023

Oman-based Development Bank (DB) has selected Newgen Software to simplify its banking processes and provide enhanced experiences.

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Process 74

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The Fintech Times

DECEMBER 21, 2023

It’s The Fintech Times Bi-Weekly News Roundup on Thursday 21 December 2023. Funding and investments web3mine, an open-source innovation lab building Web3 tools that help humanity transition to community-owned and -governed internet infrastructure, announces its emergence from stealth mode following a successful $6million seed funding round. The funding round was led by 1kx and also included Protocol Labs.

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FinTech Credit Union Debit Card Visa 58

PayXpert

DECEMBER 21, 2023

The 2023 Double 11 shopping festival has come to an end. As it’s the first one after the pandemic, it generated a lot of international attention and signalled the recovery of China’s consumption. Merchants participated in the Double 11 this year through innovative sales strategies and realised an all-round online and offline strategy. Meanwhile, young people of Generation Z showcased a «rational reverse consumption» (focus on cost-effectiveness and rationality) approach when shopping.

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Participant Innovation 52

The Fintech Times

DECEMBER 21, 2023

Statistics indicate that cinema attendance experiences a surge during the Christmas season, particularly among individuals aged 16 to 34. The cinema offers a serene haven and an uninterrupted setting, making it an optimal platform for financial brands and businesses to guarantee the effectiveness of their advertising messages. Clare Turner, sales director at Pearl & Dean, is responsible for commercial revenues and the sales strategy across the UK cinema advertising institution.

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Finance Security Assessments Consumer 58

Fintech Finance

DECEMBER 21, 2023

Layer2 Financial , a leading BaaS and payments infrastructure technology, is excited to announce a strategic partnership with Evita , a B2B cross-border payments solution specializing in large transactions. This groundbreaking collaboration marks a significant milestone in the financial technology landscape, leveraging the strengths of both entities to streamline and optimize cross-border payment processes. “Evita’s decision to partner with Layer2 was driven by their exceptional spee

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Cross-Border Payments Cross-Border B2B Wires 52

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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