Fiserv seeks special purpose bank charter
Payments Dive
JANUARY 12, 2024
The designation would allow the payment processor to own transactions from end-to-end, removing the need for a bank partner.
Payments Dive
JANUARY 12, 2024
The designation would allow the payment processor to own transactions from end-to-end, removing the need for a bank partner.
The Fintech Times
JANUARY 12, 2024
As much as £102billion of revenue could be lost annually by subscription companies in 2025 due to bad subscription practices, according to subscription management and billing software, Recurly. Much lost revenue often boils down to failed payments, or expired or lost cards (also known as ‘involuntary churn’). At a time when consumers are cutting back on costs across the board due to the pressures caused by the cost of living crisis, these unnecessary losses could severely impact subs
Payments Dive
JANUARY 12, 2024
Circle, which issues the USDC stablecoin, has filed confidential paperwork with the Securities and Exchange Commission — one day after the SEC's approval of 11 spot bitcoin exchange-traded funds.
Clearly Payments
JANUARY 12, 2024
Credit card fraud is an unfortunate reality that businesses must face in today’s digital age. Year after year, credit card fraud attempts are on the rise, with a staggering 46% year-over-year increase reported globally. Merchants are often the first line of defense against different types of fraudulent activities , and their ability to promptly identify and respond to suspected credit card fraud is crucial.
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
Payments Dive
JANUARY 12, 2024
October’s uptick in activity didn’t continue through the remainder of the year, capping a quiet year for merger and acquisition activity in payments.
Finextra
JANUARY 12, 2024
The Securities and Exchange Commission (SEC) has charged Future Fintech CEO Shanchun Huang with fraud for failing to share his ownership and transactions of Future Fintech stock shortly before he was appointed as CEO.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Bank Automation
JANUARY 12, 2024
Implementation of AI could reduce turnover at Bank of America, Chief Executive Brian Moynihan said during today’s fourth-quarter earnings call. “We can always hire a little less if we see the efficiencies coming through and redeploy the people we have,” Moynihan said. Headcount stood at 212,985 at the end of Q4, down 1.
Finovate
JANUARY 12, 2024
There was a lot of news week in the payments world, where we saw announcements from large firms such as Visa and PhonePe, as well as smaller players like Cleva. Across the board, there also seem to be a fair number of C-level job shifts, which makes sense for the start of the year. Challenger Banking Nubank’s Nu Colombia receives formal approval to operate a financing company in Colombia.
Bank Automation
JANUARY 12, 2024
Citigroup’s restructuring efforts, investment in technology and reduction of overhead costs will result in a loss of 20,000 jobs, or 10% of its workforce, through 2026, the bank said today in its fourth-quarter earnings report.
Payments Dive
JANUARY 12, 2024
Several tech companies have been hit with lawsuits under Illinois' Biometric Information Privacy Act in recent years.
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.
Bank Automation
JANUARY 12, 2024
Longtime Ally Financial leader Doug Timmerman today was named the lender’s interim chief executive, succeeding Jeffrey Brown. Brown, who announced his plans to step down in October, will depart Ally on Jan. 31 and Timmerman will take over on Feb. 1, according to a company release.
The Fintech Times
JANUARY 12, 2024
The MENA Fintech Association , the not-for-profit organisation dedicated to serving fintech startups and established players across the Middle East and Africa, has relaunched its payment working group known as SHIFT. Nameer Khan , chairman of MENA Fintech Association and founder of FILS , stated the following: “The resurgence of the SHIFT – Payments Working Group is a testament to our commitment to driving fintech innovation in the MENA region.” Founded in 2018, the MENA Fintech Asso
Bank Automation
JANUARY 12, 2024
JPMorgan Chase increased technology spend during the fourth quarter of 2023 as all lines of business across the bank invested in new products, features, customer platforms and overall modernization. Total noninterest expense increased 29% year over year to $24.5 billion, according to JPMorgan’s Q4 2023 earnings supplement. Technology, communications and equipment expenses accounted for $2.
The Paypers
JANUARY 12, 2024
Mastercard has announced the development of an inclusive AI tool in order to provide personalised, real-time assistance to the small business community worldwide.
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.
Bank Automation
JANUARY 12, 2024
BNY Mellon’s technology spend accounted for nearly 30% of noninterest expenses in 2023 as the bank embraced new technology during the year. The bank spent $3.8 billion on technology and $13.2 billion in noninterest expenses for the year, up 1% from 2022, according to its bank’s Q4 2023 earnings presentation today. The $30.
The Fintech Times
JANUARY 12, 2024
The cryptocurrency ecosystem is celebrating as it is one step closer to becoming a part of the mainstream financial world. The US has become the ninth country to approve a spot Bitcoin exchange-traded-fund (ETF) following the Security and Exchange Commission ‘s (SEC) latest announcement. On 10 January 2024, the US regulator approved the listing and trading of a number of spot bitcoin exchange-traded product (ETP) shares.
Finextra
JANUARY 12, 2024
Open banking payments company TrueLayer was authorised to be the first to take part in the SEPA Payment Account Access Scheme (SPAA).
The Fintech Times
JANUARY 12, 2024
Welcome to The Fintech Times Bi-Weekly News Roundup on Friday 12 January 2024, bringing you the latest updates from across the world. Funding and investments Carbon13, the venture builder for the climate emergency, has closed its €30million fund, enabling a second major milestone: Carbon13’s first investments outside the UK. Carbon13 Fund will deploy this fund closure into six climate startups launched by Carbon13’s Venture Builder in Germany, with each startup receiving €120,000.
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The Paypers
JANUARY 12, 2024
Rokt has announced the acquisition of AfterSell in order to expand SMB offerings and provide more relevant capabilities for Shopify customers.
PayPal
JANUARY 12, 2024
The scalability, reliability, and commitment of the platform to the highest industry standards have solidified Prometeo as the preferred choice for both large corporations and rapidly growing startups in the financial industry.
Bank Automation
JANUARY 12, 2024
Wells Fargo clients are migrating to lower-cost channels, resulting in reduced call volume and teller transactions for the bank.
EBizCharge
JANUARY 12, 2024
EBizCharge has been awarded a Winter 2024 Leader Award by SourceForge, the world’s largest software and services review and comparison website. This award recognizes exceptional companies and products with outstanding user reviews that put them in the top fifth percentile of highly reviewed products on SourceForge. EBizCharge is honored to be a Winter 2024 Leader in B2B Payments, as this is a testament to its powerful payment software, robust suite of customized payment integrations and services
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The Fintech Times
JANUARY 12, 2024
The Investment Association (IA) has launched its latest initiative: a new three-month-long accelerator programme specifically designed for advanced-stage fintechs looking to provide their services to investment managers. IA launched the new programme through ‘Engine’, its specialist fintech accelerator and innovation hub for the investment management industry.
Nanonets
JANUARY 12, 2024
Every day, millions of people sign up for different insurance policies for their and their families' security. However, with the rapid growth in the insurance sector, the industry has reached a point where growth can only be achieved through insurance automation. At the moment, while applying for a policy or making a claim, customers have to deal with long and tedious processes most of which are carried out manually by insurance companies.
The Fintech Times
JANUARY 12, 2024
DIGISEQ , the wearable payments tech company, has joined forces with TAP2 , a UK-based marketplace aiming to provide customers worldwide with access to their carefully chosen range of wearables. With a market value of $171.38billion expected by 2032 and a projected growth of more than $150billion over the next 10 years, the wearables industry is gearing for a significant upturn; with DIGISEQ explaining that partners such as TAP2 are critical to ensure consumers can securely and confidently purch
Nanonets
JANUARY 12, 2024
If you've ever found yourself wrestling with PDFs, desperately trying to extract crucial information, you're in the right place. In this post, we're diving into the practical side of things – no frills, just five straightforward ways to copy text from PDFs. Whether you're a tech enthusiast, a student, or a professional navigating the digital landscape, these methods will make text extraction a breeze.
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Fintech Finance
JANUARY 12, 2024
Ecobank , official sponsor of the TotalEnergies CAF Africa Cup of Nations, Côte d’Ivoire 2023, in partnership with VISA , has been privileged to host the tournament’s trophy at its Ivorian headquarters in Le Plateau, Abidjan. The “Trophy Tour”, which began in October 2023 with visits to the 24 participating countries, ended in Abidjan, paving way for the official start of the competition on 13 January.
Global Fintech & Digital Assets
JANUARY 12, 2024
A recent bipartisan bill, if enacted, would particularly benefit small lenders and bank-fintech partnerships by promoting transparency, appellate rights, and examiner accountability. By Arthur S. Long , Parag Patel , Barrie VanBrackle , Pia Naib , and Deric Behar On December 14, 2023, a bipartisan group of senators introduced the Fair Audits and Inspections for Regulators’ Exams Act (FAIR Exams Act), which seeks to increase transparency in the bank examination process.
Fintech Finance
JANUARY 12, 2024
Artificial Intelligence (AI) has grabbed the spotlight, with around $190 billion being invested in this trailblazing technology. Banks, credit unions and other financial institutions are already feeling the pressure of AI adoption to remain competitive today and relevant in the future. Backed by nearly three decades of domain knowledge and proven delivery processes, Opus Technologies has launched FinGeniusAI Solutions, an open innovation platform for the banking and payments industry.
The Nilson Report
JANUARY 12, 2024
The post VoPay Unveils Instant Micro-Transaction Service for Bank Account Verification in Canada and US appeared first on Nilson Report.
Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms
Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.
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