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.

Processors 200

Processors Transactions Payments 200

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

Transactions 105

Transactions Best Practices Automation Gateways 105

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.

Stablecoins 148

Stablecoins Issuers Bitcoin Security 148

Fintech Finance

JANUARY 12, 2024

Dubai First , the consumer services platform under First Abu Dhabi Bank (FAB), has become the first issuer in the region to leverage Mastercard Token Connect to push customers’ tokenized card details from its mobile app to Click to Pay and digital wallets. The collaboration with Mastercard seeks to empower merchants and boost consumer adoption by enabling Dubai First cardholders to benefit from Click to Pay services at checkout.

Issuers 92

Issuers Visa Push-to-Card Online and Mobile Banking 92

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 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.

Caps 97

Caps Payments Continuity 97

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.

Credit Cards 82

Credit Cards Law Enforcement Card Issuer PCI DSS 82

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.

FinTech 83

FinTech Transactions Security 83

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.

AI 75

AI 75

Payments Dive

JANUARY 12, 2024

Several tech companies have been hit with lawsuits under Illinois' Biometric Information Privacy Act in recent years.

Privacy 78

Privacy 78

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.

Correspondent 75

Correspondent Technology Automation 75

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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.

Credit Union 72

Credit Union FinTech Financial Literacy AML 72

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.

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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

FinTech 68

FinTech Payments Innovation Payment Solutions 68

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.

Accounts 72

Accounts Technology Product 72

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

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.

Visa 77

Visa AI Small Business 77

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.

Accounts 72

Accounts Technology 72

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.

Bitcoin 63

Bitcoin Regulations Cryptocurrency Money Laundering 63

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).

Participant 75

Participant Accounts Payments 75

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

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.

FinTech 63

FinTech Payment APIs and Integration Cybersecurity AML 63

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.

Acquirers 77

Acquirers 77

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.

PayPal 59

PayPal 59

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.

Volume 72

Volume Automation Transactions Product 72

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

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

B2B 59

B2B CRM Payment Gateways Payments 59

Finovate

JANUARY 12, 2024

Danske Bank has signed a deal with engagement banking solutions provider Backbase. Danske Bank will tap Backbase’s Engagement Banking Platform to help tailor its digital experience to suit its users’ needs and preferences. Among Backbase’s most recent partnerships are FrankieOne and SavvyMoney. Engagement banking solutions provider Backbase inked a deal with Denmark-based Danske Bank this week. “This engagement is a testament to our customer focus and our commitment to en

Financial Crimes 59

Financial Crimes SWIFT Crime Agreements 59

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.

Use Case 59

Use Case Automation Compliance Procedures 59

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.

FinTech 58

FinTech Best Practices Innovation Automation 58

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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.

Processors 59

Processors Automation Security Process 59

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

Real Time Payments 58

Real Time Payments Payments Data Origination Security 58

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.

AI 52

AI Credit Union Use Case Innovation 52

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.

FFIEC 52

FFIEC Process FRB Consumer Financial Protection Bureau (CFPB) 52

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Payments