Fri.Feb 02, 2024

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Aldi debuts Grabango checkout tech at Chicago-area store

Payments Dive

The retailer is working with artificial intelligence startup Grabango to offer the service for the first time in the U.S. at a location in the Chicago suburb of Aurora, Illinois.

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Coffee with the Council Podcast: A Panel Discussion from Asia-Pacific Hosted by Yew Kuann Cheng

PCI Security Standards

Hello everyone. Welcome to another edition of our podcast series, Coffee with the Council. Hello from very sunny Singapore. I just enjoyed my cup of coffee. Or locally we will say “Kopi Siew Dai” or "coffee with milk, with less sugar". My name is Yew Kuann, and I'm the Regional VP for PCI Security Standards Council. My role involves driving engagements across Asia-Pacific, and I'm super excited about this very special edition of the podcast.

Security 117
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Payments companies’ job cuts may not be done

Payments Dive

PayPal, Block and Brex all started cutting employees in January in pursuit of efficiency and profits.

Blocks 117
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Bank of England governor Andrew Bailey embraces AI - BBC

Finextra

Governor Andrew Bailey confirms House of Lords' view that the AI technology should be seen as a positive, rather than a risk to business.

AI 105
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The Evolving Retailer's Fulfillment Strategy: Meeting Demands with Agility

Speaker: Becky Parisotto and John Vurdelja

Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever

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BILL Taps Adyen to Deliver Acquiring and Issuing Experiences

Finovate

BILL has selected Adyen to offer advanced acquiring and issuing experiences for its accounts payable and accounts receivable solutions. The company has integrated Adyen’s card issuing tools into its virtual card offering. Formerly known as Bill.com, the company rebranded to BILL in 2022. Small business financial automation solutions provider BILL unveiled this week it has selected payments technology platform Adyen to offer advanced acquiring and issuing experiences for its accounts payabl

More Trending

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Apple reports record revenue from payments, cloud services

Bank Automation

Apple reported record payments and cloud revenue that contributed more than 19% of the tech giant’s overall revenue growth. Revenue from the services, which include iCloud and Apple Pay, was $23.1 billion in its fiscal first quarter, up 11.3% year over year, according to the company’s earnings statement released Feb. 1.

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Emburse chases large customers

Payments Dive

The expense management company plans to pursue bigger clients that offer a better value proposition, said new CEO Marne Martin.

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Banks in Talks to Finance $13 Billion DocuSign Buyout Deal

Bank Automation

Several Wall Street banks including JPMorgan Chase & Co. and Bank of America Corp. have held talks to provide as much as $8 billion in financing for a buyout of DocuSign Inc. that values the company at around $13 billion, according to people with knowledge of the matter. Jefferies Financial Group Inc.

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Banorte launches bineo, the first completely digital bank in Mexico

Finextra

Chairman of Grupo Financiero Banorte, Carlos Hank Gonzalez, has launched bineo, the first fully digital bank in Mexico.

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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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BP adds new way to pay for fuel

Payments Dive

Customers can redeem uChoose Rewards points for up to 50 cents off at about 7,000 of the gas company’s fueling locations.

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AWS clients double down on cloud

Bank Automation

Amazon Web Services’ clients are leaning into the cloud for innovation and adding more workload tasks to the cloud. Since the third quarter of 2023, AWS has added “more than $1.1 billion of revenue,” Amazon Chief Financial Officer Brian Olsavsky said during AWS’ fourth-quarter earnings call on Feb.

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Fingular expands in India under TrustPaisa

The Paypers

Singapore-based Fingular has announced its expansion in India under the brand name TrustPaisa , offering local customers its suite of digital financial services.

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Greater Manchester Wheels Out Starling Bank Bikes Following Record-Breaking Sponsorship

The Fintech Times

Starling Bank has become the first sponsor of the Greater Manchester bike hire scheme; becoming the biggest commercial sponsorship deal in Transport for Greater Manchester’s history. The cycle hire fleet will adopt a new name, Starling Bank Bikes, with all bikes bearing the new branding set to hit the streets of Manchester, Trafford and Salford in February.

FinTech 69
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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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Paytm shares plummet on RBI curbs

Finextra

Indian payments giant Paytm has seen its shares price drop 20% for the second day running - knocking around $2 billion off its market value - after its banking business was hit with strict curbs by the RBI.

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FOMO Pay and Klasha Combine Efforts to Ease Cross-Border Payments Between Africa and Asia

The Fintech Times

Asia-based digital payment and digital banking solutions provider, FOMO Pay , is strategically partnering with Klasha , the global cross-border payment company, to power cross-border payments between Africa and Asia. FOMO Pay links up with Klasha, now that Asia has firmly established itself as Africa’s predominant trading ally. Recent studies reveal that Asia accounts for over 40 per cent of Africa’s exports and imports; drastically increasing the importance of facilitating cross-border tr

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Finovate Global Mexico: Banorte’s Digital Bank, Amazon’s BNPL Partnership with Kueski Pay

Finovate

This week in Finovate Global we take a look at some recent fintech developments in Mexico. First up is news that Grupo Financiero Banorte has launched Mexico’s first fully digital bank, bineo. The company noted that it hopes to add 2.8 million new customers in the next five years. “The launch of bineo is a great milestone in the history of Grupo Financiero Banorte that will allow us to meet all needs: those who prefer a human-digital combination and those who seek 100% digital bankin

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OpenUK Calls for UK Government to Take Advantage of ‘Key Opportunity’ by Backing AI Innovation

The Fintech Times

OpenUK , a not-for-profit organisation representing the UK’s open technology sector, has officially released its ‘ State of Open 24 Phase One Report: AI and Open Innovation ‘, calling for the UK government to embrace the country’s position as an open source leader, and build a pro-innovation approach to AI, open source and open innovation.

AI 64
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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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TSB to shutter branches and cut jobs in cost saving exercise

Finextra

In response to news reported by Sky, TSB have provided comment to Finextra after Sabadell CEO Cesar Gonzalez-Bueno was questioned about a £29 million provision set aside for restructuring within the UK bank.

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WPay Launched by Wirex to Eliminate Decentralised Payment Issues

The Fintech Times

Customers who have struggled with decentralised payment issues such as custody risks, and slow, expensive settlements have been provided with a solution by Wirex , the Web3 money app. The solution, ‘WPay’, ensures users have a smoother and more secure payment experience. Targeting decentralised applications, non-custodial wallets, and DAOs, WPay provides a transformative solution in the digital finance landscape.

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Faysal Bank and Total Parco partner for digital payments

Finextra

Faysal Bank Limited and Total Parco, signed an agreement for the provision of cashless transactions across Total Parco's extensive retail network.

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Tymit launched a new credit card programme in partnership with Harley-Davidson Financial Services

Fintech Finance

Tymit , the next-generation instalment programme provider, has announced the launch of a new partnership with Harley-Davidson® , the world’s most iconic motorcycle brand. This partnership brings a unique credit offering to Harley-Davidson enthusiasts across Europe, starting with the UK. The programme combines Tymit’s state-of-the-art instalment credit technology with Harley-Davidson’s iconic brand appeal and will be available to public from March The Harley-Davidson® Credit Car

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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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Top 5 payment stories you missed in January 2024

Finextra

Fintech is a busy world and sometimes we miss out on the biggest stories. Here are some of the top stories we saw in January 2024.

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Network International obtains payment licence from Saudi Central Bank

Fintech Finance

Network International (Network), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has announced that it has obtained a Major Payment Institution (Major PI) licence from the Saudi Central Bank (SAMA) that will strengthen the acquirer’s foothold in the Kingdom. The procurement of the licence is a milestone that aligns with Network’s strategic objectives that include expanding capabilities to offer a comprehensive suite of payment acceptance solutions within t

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Celsius to exit bankruptcy with $3 billion payout

Finextra

Cryptocurrency company Celsius Network has begun a $3 billion payout in an approved plan to exit bankruptcy.

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Deutsche Bank to cut 3,500 jobs

The Paypers

Germany-based financial institution Deutsche Bank has announced its decision to cut 3,500 jobs as part of its overall strategy to optimise efficiency and save costs.

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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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Visa and Fibank release Olympic and Paralympic-themed cards

Finextra

Visa, Worldwide Payment Technology Partner of the Olympic and Paralympic Games, and Fibank, Official Partner of the Bulgarian Olympic Committee announced a partnership to create unique debit and credit cards with the official design of the upcoming Olympic and Paralympic Games Paris 2024.

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Faysal Bank, Total Parco sign agreement for digital payments

The Paypers

Pakistan-based Faysal Bank , a subsidiary of KSA Holdings , has signed an agreement with oil marketing company Total Parco to provide digital payments to the latter’s retail network.

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HelloMoney now accepted in South Korea, Malaysia, HK

Finextra

After becoming the first Philippine bank to offer an e-wallet that can be used for cross-border payments, Asia United Bank (AUB) is in a race to expand the coverage of its HelloMoney abroad.