Payments Dive

OCTOBER 11, 2024

The payments software provider announced a slew of new partnerships on Wednesday, also with Amazon and AMC Networks.

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Payments 158

Bank Automation

OCTOBER 11, 2024

JPMorgan Chase expects AI and other new tech to increase employee productivity but remains wary of AI tech companies’ inflated valuations. “Tech valuations, or any valuations, won’t stand these very inflated values,” Chief Executive Jamie Dimon said during the bank’s third-quarter earnings call today. The bank has a significant cash surplus “sitting in the store” […] The post JPMorgan Chase warns of inflated AI tech valuations appeared first on Bank Automation News.

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AI Automation Posting Product 110

Payments Dive

OCTOBER 11, 2024

The department’s undersecretary for domestic finance, Nellie Liang, suggested state oversight of money transmitters was outdated in an era of electronic payments.

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Treasury Finance Payments 109

The Payments Association

OCTOBER 11, 2024

We’re excited to introduce our latest product for fintechs and payment service providers: Customer Virtual Accounts. We’ve been helping fintechs to meet customer demand for stablecoin payments since 2019. As businesses increasingly look for faster, cheaper ways to move money across borders, the need for flexible solutions that bridge fiat and stablecoin transactions is growing.

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Accounts Stablecoins On-Demand Service Provider 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

Payments Next

OCTOBER 11, 2024

By Scott Dawson, CEO, DECTA To keep fit and healthy, I train in Muay Thai at my local gym every Saturday morning. The post Managing Risk Balanced by Strategy first appeared on Payments NEXT.

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Risk Posting Payments 88

Basis Theory

OCTOBER 11, 2024

Token Create Speed Improvements We’ve significantly improved our tokens' speed for both Token Creations and Reads over the last few months—and customers should have noticed them already. This speed and reliability is designed to ensure tokens can always be created and meet the needs of the latency SLAs as we know we are in a major part of the flow of our customers.

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Data Security Product Security Payments 88

Finovate

OCTOBER 11, 2024

This week’s edition of Finovate Global features news from the fintech scene in Hong Kong. Worldline partners with BOCHK International payment services company Worldline has forged a partnership with the Bank of China (Hong Kong), also known as BOCHK. The partnership makes the bank the first Hong Kong-based customer of Worldline’s open platform card solution, Paysuite Essential Edition.

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Multi-Currency Stablecoins Visa Cross-Border Payments 104

Fintech Finance

OCTOBER 11, 2024

Klarna , the AI-powered global payments network and shopping assistant, has released data on its launch of cashback. In the six weeks since launch: 506,378 Klarna shoppers have earned $2.7m dollars in cashback. Klarna merchants have given cashback on $98.4m worth of sales. Over 1,000 cashback promotions have been launched. Klarna launched cashback in 12 countries simultaneously on 15 August, to reward consumers who shop in the Klarna app.

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Global Payments Payment Networks Participant AI 103

Finextra

OCTOBER 11, 2024

This article was co-authored with Stacy Dubovik, ScienceSoft's Financial Technology and Blockchain R.

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AML Automation Blockchain Authorization 98

Fintech Finance

OCTOBER 11, 2024

America First Credit Union has partnered with technology leader Diebold Nixdorf (NYSE: DBD) to modernize and improve its payment transactions and ATM offerings — including being the first credit union to implement next-generation cloud-native technology that powers enhanced member experiences. This is a part of the credit union’s long-term strategy to further modernize and future-proof how members interact with their money.

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Credit Union ATM Transaction Limits Transactions 97

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Payments Dive

OCTOBER 11, 2024

The tech company was unable to secure the funding needed to continue operating, a spokesperson said.

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Automation Continuity Security 78

Fintech Finance

OCTOBER 11, 2024

ClearBank , the enabler of real-time clearing and embedded banking, today announced it has successfully onboarded its first European clients to the Eurosystem’s payment rail, T2. The fintech clearing bank welcomes OpenPayd, Pay Perform (which trades as Orbital), and Transact Payments, which will all benefit from real-time transactions in Euros. T2 is the real-time gross settlement (RTGS) system owned and operated by the Eurosystem.

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Real Time Gross Settlement (RTGS) Central Bank Settlement Payments 97

Bank Automation

OCTOBER 11, 2024

Wells Fargo trimmed its staff and total costs in the third quarter, with efficiency in mind. “We have maintained strong credit discipline and driven significant operating efficiencies in the company while investing heavily to build a risk and control infrastructure appropriate for a bank of our size,” Chief Executive Charlie Scharf said during today’s Q3 […] The post Wells Fargo’s tech spend up and headcount down in Q3 appeared first on Bank Automation News.

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Automation Risk Posting 64

Fintech Finance

OCTOBER 11, 2024

The ai Corporation (ai), the leading provider of payments and fraud management solutions, today announced the appointment of Mark Wheelhouse as its new Chief Financial Officer. Wheelhouse will lead ai’s finance department and play a key role in driving the company’s ambitious growth strategy in the retail fuel, mobility payments and fraud management markets.

Mobile Payments 97

Mobile Payments AI Payments Consulting 97

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

The Paypers

OCTOBER 11, 2024

Sift , an AI fraud protection platform that secures digital trust, has been selected by Alaska Airlines to mitigate payment fraud and manage chargeback disputes, while optimising the customer experience.

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Disputes Mitigation AI Security 68

Fintech Finance

OCTOBER 11, 2024

AMAN Union , the leading professional forum for commercial and non-commercial risk insurers and reinsurers in member countries of the Organization of Islamic Cooperation (OIC), has signed a Corporate Training Services Agreement with RISC Institute DMCC, a renowned training institution specializing in talent development for the insurance, risk management, personal finance sectors, based in the United Arab Emirates and operating regionally.

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Agreements Risk Management Professional Development Risk 94

Finextra

OCTOBER 11, 2024

The owner-managed family office Lennertz & Co. is continuing its family of funds of funds for investments in innovative blockchain technologies, launching Blockchain Fund III. The strategy focuses on targeted investments in blockchain technology by investing in companies that build and develop the blockchain infrastructure.

Blockchain 59

Blockchain Innovation Continuity Technology 59

Fintech Finance

OCTOBER 11, 2024

TD Bank Group (“TD” or the “Bank”) (TSX: TD) (NYSE: TD) today announced that, following several years of active cooperation and engagement with authorities and regulators, it has reached a resolution of previously disclosed investigations related to its U.S. Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) compliance programs.

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AML BSA Money Laundering Financial Crimes 94

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

OCTOBER 11, 2024

Alkami Technology , a US and cloud-based digital banking solutions provider, has partnered with Intrepid Credit Union to launch a new digital banking platform that offers members self-service tools and a personalised user experience. The Alkami Digital Banking Platform hopes to enable Intrepid Credit Union to foster greater engagement and growth for the members they serve.

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Credit Union Online and Mobile Banking Audit Mobile Banking 58

Fintech Finance

OCTOBER 11, 2024

Today, Citi and Mastercard announced a collaboration to offer cross-border payments to Mastercard debit cards in 14 receiving markets [1] worldwide, with plans for further expansion. Leveraging Citi’s WorldLink® Payment Services and Mastercard Move’s money transfer capabilities, Citi clients can make near-instant, full-value payments, with near 24/7 availability to consumers using their Mastercard debit card details.

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Cross-Border Payments Cross-Border Visa Debit Card 88

The Paypers

OCTOBER 11, 2024

Grasshopper Bancorp and Auto Club Trust have announced that they have entered into a definite merger agreement, expected to close in the first half of 2025.

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Acquirers Agreements 68

Finextra

OCTOBER 11, 2024

ClearBank, the enabler of real-time clearing and embedded banking, today announced it has successfully onboarded its first European clients to the Eurosystem’s payment rail, T2.

Payments 52

Payments 52

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 Paypers

OCTOBER 11, 2024

tbi bank has revealed plans to launch its own tech hub, aimed at developing and integrating its services while broadening access to the international market.

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Technology 67

Finextra

OCTOBER 11, 2024

The FinTech Impact Report 2024 reports that the UK fintech sector has improved financial inclusion and sustainable initiatives across the country.

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Financial Inclusion FinTech Innovation Finance 59

The Fintech Times

OCTOBER 11, 2024

Digital payments provider Checkout.com has become the first payment service provider (PSP) to add Octopus , Hong Kong’s first homegrown global fintech, as a payment option at checkout. Through the new collaboration, Checkout.com will make Octopus more accessible to merchants, as well as enhancing their payment performance. Checkout.com’s offering includes the integration of Octopus’s online payment solutions through the Octopus mobile app.

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Payment Service Provider (PSP) FinTech APACS Interoperability 52

Finextra

OCTOBER 11, 2024

Dr Rich Stockdale, founder of Oxygen Conservation, gave the closing keynote of Sustainable Finance Live 2024, looking into how the investment into natural capital can evolve in the future.

Finance 52

Finance 52

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The Fintech Times

OCTOBER 11, 2024

Bridging the worlds of fiat currencies and blockchain, Visa , the digital payments firm, has launched its new Visa Tokenized Asset Platform (VTAP). The new Visa product is designed to help financial institutions issue and manage fiat-backed tokens on blockchain networks. The VTAP solution is available on the Visa Developer Platform for participating financial institution partners, to create and experiment with their own fiat-backed tokens in a VTAP sandbox.

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Payment APIs and Integration Blockchain Near Real-Time Participant 52

Finextra

OCTOBER 11, 2024

Following a public consultation on the proposed Verification Of Payee (VOP) scheme rulebook and the proposed European Payments Council’s (EPC) recommendations for the matching processes under the VOP scheme rulebook, the EPC is launching the first version of the VOP scheme rulebook developed to support payment service providers (PSPs) in the Single Euro Payments Area (SEPA) that will be required to comply with legal obligations on the verification of a payee in the case of credit transfers as ou

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Payee Verification Instant Payments Legal 52

The Fintech Times

OCTOBER 11, 2024

On 22 – 24 October, the Riyadh Front Centre will play host to the next iteration of Seamless Saudi Arabia , as it returns for its third event. Drawing from the success of Seamless Saudi Arabia 2023 and leveraging the payments infrastructure in the Kingdom, Seamless Saudi Arabia is renewing its partnership with the national payments scheme, mada.

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Payments Visa Innovation Returns 52

Finextra

OCTOBER 11, 2024

Smart Money People, the UK’s most comprehensive financial services review site, has launched a new cross-industry working group focused on creating better communication for customers in vulnerable situations.

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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