Payments Dive
OCTOBER 9, 2024
The digital restaurant payments provider raised processing fees for some restaurant clients. Separately, it’s aiding clients in adding surcharges on their customers’ orders.
Bank Automation
OCTOBER 9, 2024
Global venture capital funding took a hit in the third quarter, but AI startups accounted for 31% of all global funding. Venture capital funding for startups globally dropped 21% year over year to $54.7 billion in Q3, according to CB Insights’ State of Venture Funding Q3 report, published Oct. 3. “This is surprising, because we […] The post AI accounts for 31% of VC funding in Q3 appeared first on Bank Automation News.
Finextra
OCTOBER 9, 2024
According to Lloyds, two out of three financial institutions are already investing in AI. Discover why at Finextra’s inaugural NextGen: AI event this November.
Fintech News
OCTOBER 9, 2024
Kitabisa, an Indonesian donation and crowdfunding platform, has officially entered the insurance market with the launch of Kitabisa Insurance. According to DealStreetAsia , this new sharia-compliant subsidiary aims to tackle the low insurance penetration in Indonesia, which currently lags behind neighboring countries. Kitabisa Insurance emphasizes transparency and technology, allowing members to track funds, beneficiary information, and claims in real-time.
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
OCTOBER 9, 2024
MyGuava is excited to announce its partnership with Queens Park Rangers Football Club to introduce a new range of exclusive fan cards. This offering includes physical and virtual cards designed to enrich the payment experience for QPR supporters. The initiative includes a limited number of 900 prestigious physical cards featuring the QPR logo. Those who miss out on the limited-edition cards need not worry: fans can select other exclusive physical cards in the club’s blue and white colours.
Fintech Finance
OCTOBER 9, 2024
Revolut , the global fintech with over 45 million retail customers and hundreds of thousands of business customers globally, is now giving Revolut Business merchants in the UK the option to accept American Express Cards as a payment method for ecommerce, including through Revolut Gateway, Payment Links, and Tap to Pay on iPhone payments – with more in-person payment solutions to come later this year.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Fintech Finance
OCTOBER 9, 2024
SEPAmail.eu and CBI joins their IBAN-Name Check expertise at the service of their respective communities in order to offer an interoperable solution to fight against fraud. This partnership enables the Italian and French communities, via their PSP, to secure their cross-border payments in offering a high added-value service to meet the requirements of the Instant Payment Regulation and beyond.
Fintech News
OCTOBER 9, 2024
Alchemy Pay has announced the integration of Samsung Pay into one of its virtual card services, allowing users to securely and conveniently spend their crypto assets. This update builds on the previous addition of Google Pay, further enhancing the ease of crypto payments for users. With Samsung Pay now available, Alchemy Pay cardholders can make purchases both online and in-store through millions of locations worldwide.
Fintech Finance
OCTOBER 9, 2024
MeaWallet , a leading digital payments enabler specialising in card tokenization announces its partnership with B89 , a pioneering TechFin (fintech fully driven by technology and data) company dedicated to creating Latin America’s first cross-border Neobank. Founded in 2019 and based in Lima, Peru, B89 is at the forefront of digital banking, offering transparent, fair, and secure financial services through fully digital experiences.
Payments Dive
OCTOBER 9, 2024
The payments processor expects to undertake possible divestitures, beginning this year, as part of an effort to jump-start revenue in subsequent years.
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Fintech Finance
OCTOBER 9, 2024
Global holiday spending is expected to rise 16% in value from October through December 2024 compared to the same period last year, according to analysis by ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology. ACI’s annual Unwrapping Checkout Trends report provides merchants and acquirers with essential insights on payment trends, spending and fraud predictions, and actionable ways to maximize secure and authentic conversions.
Fintech News
OCTOBER 9, 2024
Hong Kong is set to host the ninth edition of Hong Kong Fintech Week (HKFW) from 28 October to 1 November 2024. Themed “Illuminating New Pathways in Fintech,” this year’s event aims to solidify Hong Kong’s position as a leading global financial and fintech hub. The event is organised by InvestHK and the Financial Services and the Treasury Bureau, in collaboration with the Hong Kong Monetary Authority (HKMA), the Securities and Futures Commission (SFC), and the Insurance A
Fintech Finance
OCTOBER 9, 2024
Aleph , a leading ecosystem of global digital experts and technology-driven solutions that enables the growth of global digital marketing, today announced the acquisition of a controlling equity interest in Localpayment, a fast-growing Payment Service Provider (PSP) in Latin America, transforming the digital landscape by combining first class digital advertising solutions with seamless local payment capabilities, creating a natural network effect.
Finextra
OCTOBER 9, 2024
Pockit, a UK fintech that provides financial services to low-income and underserved customers, has agreed terms to acquire struggling mobile banking outfit Monese.
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
OCTOBER 9, 2024
Checkout.com , a leading digital payments provider, today announced a strategic partnership with Octopus, Hong Kong’s first homegrown global fintech, to enable online payment for customers of Hong Kong’s leading payment choice – becoming the first global payment service provider (PSP) to add Octopus as a payment option at check-out. Octopus, the dominant payment experience in Hong Kong, boasts an impressive 98% penetration among the city’s 7.5 million residents.
Finextra
OCTOBER 9, 2024
MoneyGram has confirmed that the cyberattack that knocked out its service for several days last month saw crooks steal customer data, including bank account numbers.
Fintech Finance
OCTOBER 9, 2024
Instant and secure payments can act as a multiplier to help businesses and economies thrive and grow. To further Mastercard’s vision of bringing immediacy to card payments, the company today announced that South Africa will be the first market in the world to benefit from the security and speed of immediate Mastercard card payments. Through product innovations, enhancements to its network and strategic partnerships, Mastercard will enable acquiring banks to process real-time card payments.
Finextra
OCTOBER 9, 2024
Worldline is moving into embedded payments via a partnership with Online Payment Platform (OPP), a provider of payment technology for platforms and marketplaces.
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
OCTOBER 9, 2024
The British fintech company Pockit and the pan-European fintech Monese today announce that they have agreed terms for Pockit to acquire Monese, subject to Change in Control approval by the FCA, creating the leading fintech for the financially underserved and lower-middle-income consumers across the UK and Europe. Pockit and its shareholders, led by Puma Growth Partners (formerly Puma Private Equity), will make a significant injection of up to £15 million in equity capital to fund the integration
Open Banking
OCTOBER 9, 2024
Once again, the OBL team will be at Open Banking Expo at the Business Design Centre, Upper Street, London N1 0QH on 15-16 October. We look forward to meeting members of the ecosystem – old and new – to discuss the future of open banking as it transitions to open finance and smart data. Come and visit us at Stand G24 The team will also be speaking at the following sessions: Smart Data Show Panel and open Q&A : The way to Financial Data Access Date : Tuesday 15 October Time : 11.15 – 12.
Finextra
OCTOBER 9, 2024
SEPAmail.eu and CBI joins their IBAN-Name Check expertise at the service of their respective communities in order to offer an interoperable solution to fight against fraud.
The Paypers
OCTOBER 9, 2024
Plaid has launched its new Pay by Bank for Bill Pay solution, aimed at providing customers with higher adoption and fewer returns for an optimised experience.
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.
Finovate
OCTOBER 9, 2024
This week, Klarna Checkout, also known as KCO, announced its official rebrand as Kustom. The rebrand comes 12 years after the launch of Klarna Checkout, which at the time set a new standard for e-commerce in Northern Europe. The rebrand also arrives months after Klarna sold KCO to a consortium of investors led by BLQ Invest CEO and Founding Partner Kamjar Hajabdolahi. “Klarna Checkout is very dear to me, and the impact it’s had on Klarna’s journey is immense,” Klarna CEO
Finextra
OCTOBER 9, 2024
Revolut, the global fintech with over 45 million retail customers and hundreds of thousands of business customers globally, is now giving Revolut Business merchants in the UK the option to accept American Express Cards as a payment method for ecommerce, including through Revolut Gateway, Payment Links, and Tap to Pay on iPhone payments – with more in-person payment solutions to come later this year.
The Paypers
OCTOBER 9, 2024
INDEXO Bank has announced that it has received its banking licence from the European Central Bank and has started its banking operations in Latvia.
Finextra
OCTOBER 9, 2024
Murex, the global leader in trading, risk management, and processing solutions for capital markets, has announced a strategic partnership with leading crypto sector data provider Kaiko.
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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.
The Paypers
OCTOBER 9, 2024
Singapore-based cryptocurrency exchange Crypto.com has initiated a lawsuit against the US SEC after receiving a legal threat from the regulator.
Finextra
OCTOBER 9, 2024
The Sustainable Finance live section session of the day entitled 'Showcase of the Art of the Possible' aimed at showing potential journey of discovering natural capital to making it tradable.
Finezza
OCTOBER 9, 2024
The Reserve Bank of India (RBI) introduced Credit Line on UPI in September 2023, a move designed to bridge credit gaps and make credit more affordable and convenient for the underserved population. Additionally, the decision could also encourage credit card users to switch to UPI credit lines, providing a seamless credit alternative other than conventional […] The post The Rise of UPI Credit Lines: Why Traditional Credit Card Management Systems Fall Short appeared first on Finezza Blog.
Finextra
OCTOBER 9, 2024
Today, we’re excited to announce that Mercury secured a $100 million credit warehouse with multinational bank Natixis Corporate & Investment Banking.
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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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