Payments Dive

OCTOBER 15, 2024

Research from payments software firm Stripe shows credit and debit card transactions using an advanced security tool are less likely to be approved.

Authentication 157

Authentication Debit Card Research Transactions 157

Finextra

OCTOBER 15, 2024

The BBC has found that Revolut was named in more reports of fraud in the last financial year than any of the major High Street banks.

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Fintech News

OCTOBER 15, 2024

HashKey Global, a licensed digital asset exchange, has teamed up with Sumsub , a global verification platform, to improve its Know Your Customer (KYC) and Anti-Money Laundering (AML) processes. The partnership aims to reduce onboarding times and enhance compliance with evolving cryptocurrency regulations. Over the last three months, Sumsub’s technology has helped HashKey address onboarding delays by automating its verification procedures for its 600,000 registered users.

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Verification Fraud Detection Money Laundering Compliance 109

Finextra

OCTOBER 15, 2024

Banks in New Zealand have begun the phased roll out of Confirmation of Payee, using technology supplied by UK fintech obconnect.

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Payee FinTech Technology 111

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

TechCrunch Fintech

OCTOBER 15, 2024

In a typical organization, finance is one of the most important functions. Yet teams are often bogged down by manual workflows. According to a survey by Paylocity, an HR software provider, 38% of finance teams spend more than a fourth of their time on manual jobs, like reviewing invoices. Matthieu Hafemeister, an ex-fintech investor at […] © 2024 TechCrunch.

Automation 109

Automation AI Finance FinTech 109

Fintech News

OCTOBER 15, 2024

OKX, a global cryptocurrency exchange and onchain technology company, has named Yuri Mushkin as its Global Chief Risk Officer. Yuri Mushkin Based in Singapore, Mushkin will oversee the company’s global risk strategy and lead its independent enterprise risk function, reporting to the CEO and Board of Directors. Mushkin previously worked at McKinsey Investment Office Partners, where he managed over US$20 billion across public and private markets.

Risk 105

Risk Risk Management Payments Institute Cryptocurrency 105

Finextra

OCTOBER 15, 2024

Ripple is preparing to launch a US dolar denominated stablecoin, roping in a host of exchange partners and customers in the digital asset industry.

Stablecoins 98

Stablecoins 98

Fintech News

OCTOBER 15, 2024

OCBC has announced a five-year collaboration with Disney, bringing special products and activities inspired by Disney, Pixar, Marvel, and Star Wars to its retail banking customers in Singapore, Malaysia, and Indonesia. The partnership aims to help OCBC quadruple its new customer base in Southeast Asia by 2029. This marks the first time a Southeast Asian regional bank is rolling out a comprehensive programme featuring branded card designs, marketing activations, and financial literacy content ins

Financial Literacy 103

Financial Literacy Accounts Product Consumer 103

Fintech Finance

OCTOBER 15, 2024

TRANSFOND , the Romanian Banking Association , and the entire banking community in Romania announce that the new RoPay system has become operational. RoPay allows users to make instant mobile payments in line with the national payment scheme. The first banks to go live in production are CEC Bank and Libra Internet Bank, BRD Groupe Societe Generale, ING Bank Romania, BCR, and Banca Transilvania are also in advanced stages of implementation, with RoPay set to launch later this year and in 2025.

Instant Payments 98

Instant Payments Online and Mobile Banking Processors Payments 98

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Use Case

Finextra

OCTOBER 15, 2024

Reflecting on insights from last month’s Visa Payments Forum, Tareq Muhmood, SVP, Value Added Services, Europe, Visa, addresses the dramatic rise in global fraud—from $800 million in the early '90s to $33 billion in 2023. As financial institutions grapple with the increasing complexity of fraud in the digital age, the need for adopting advanced technologies like AI and real-time data analysis becomes clear.

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Fintech Finance

OCTOBER 15, 2024

Cashfree Payments , India’s leading payments and API banking company announced that its UPI(Acquiring) Switch has received certification from the NPCI and has started processing transactions. The UPI Switch is a software that enables communication between core banking systems and NPCI’s UPI systems to process UPI transactions and is integral to deliver high success rates and reliable processing.

Acquirers 98

Acquirers Payment APIs and Integration Cross-Border Payments Payments 98

Payments Dive

OCTOBER 15, 2024

Although venture capital investment in young payments firms grew globally during the third quarter, compared with the same period last year, that wasn’t the case for U.S. firms.

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Payments 97

Fintech Finance

OCTOBER 15, 2024

Aspire , a Singapore-headquartered all-in-one finance platform for modern businesses, today announced that it has received in-principle approval (IPA) for the Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This milestone marks a significant step forward in Aspire’s mission to build the most user-centric finance stack for the modern global economy.

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Payments Institute Authorization Payments Finance 98

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

Fintech News

OCTOBER 15, 2024

Digital banking software provider Backbase has announced the appointment of Tim Rutten as its new Chief Marketing Officer (CMO). Rutten most recently held the position of Chief of Staff and has been with Backbase for a decade. He will be responsible for developing and implementing Backbase’s global marketing strategy in his new role. Rutten will focus on enhancing Backbase’s brand positioning, driving demand generation, and supporting the company’s efforts in the digital bankin

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On-Demand B2B Rules Continuity 91

Fintech Finance

OCTOBER 15, 2024

RTGS.global , the next generation settlement company revolutionising cross-border payments, has today announced the launch of a unique solution for Payment Service Providers (PSPs) that will enable them to offer cheaper and faster international payments to their retail and corporate customers. Following a period of consolidation in the PSP industry over the last decade, driven by major players like Revolut and Wise, it has become increasingly difficult for new PSPs entering such a saturated mar

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Cross-Border Liquidity Management Cross-Border Payments Correspondent Bank 98

Fi911

OCTOBER 15, 2024

In a nutshell, chargeback alerts are notifications sent to merchants to inform them of a pending chargeback on a transaction. These alerts provide an opportunity for the merchant to proactively address the issue before it escalates into a formal chargeback. By avoiding the chargeback, the merchant can avoid the fees and higher chargeback ratios that could negatively impact their relationship with their payment processors.

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Disputes SWIFT Processors Addressing 89

Fintech Finance

OCTOBER 15, 2024

The ePay Summit 2025 , the premier event for leaders in retail, eCommerce and payments industry, is scheduled to take place in May 2025. The summit will bring together innovators, thought leaders, and key stakeholders from London and Europe to explore the future of online retail payments and the rapidly evolving landscape of e-commerce. Organized by EastMed, the ePay 2025 will feature a series of keynote addresses, panel discussions, networking meetings and interactive roundtables designed to pr

Payments 98

Payments Addressing Payments Strategy Innovation 98

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

Basis Theory

OCTOBER 15, 2024

A business has 2 ways of demonstrating compliance with PCI DSS. We cover the PCI self assessment questionnaire and other forms in this post!

PCI DSS 88

PCI DSS Assessments Compliance Posting 88

Fintech Finance

OCTOBER 15, 2024

Alzheimer’s Society and PayPoint today announce a new partnership to simplify and enhance cash donations and transactions. The collaboration addresses the growing challenges for charities when it comes to handling cash, particularly as high street banks and Post Office branches become less accessible. With nearly 30% of all charity donations still made in cash, the partnership provides a timely solution to prevent any unnecessary decline or delay in donations received due to logistical cha

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SWIFT Compliance Accounts Process 98

Finextra

OCTOBER 15, 2024

The Depository Trust and Clearing Corporation (DTCC) has created a sandbox to test groundbreaking technology for the digital asset industry.

Technology 84

Technology 84

Fintech Finance

OCTOBER 15, 2024

Findity, the leader in expense management technology, is excited to announce the launch of its innovative Real Time Card functionality. This groundbreaking feature, allows users to connect any Mastercard or Visa with their expense management platform, simplifying the process of tracking and managing expenses in real time. Findity’s integration with the world’s leading card schemes, Mastercard and Visa, enables users to seamlessly connect their preferred payment methods for easy reconciliation an

Visa 98

Visa FinTech Reconciliation Debit Card 98

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 15, 2024

Ripple has announced the global rollout of its new stablecoin, RLUSD, an enterprise-grade, USD-denominated digital asset designed for institutional use.

Stablecoins 77

Stablecoins 77

Fintech Finance

OCTOBER 15, 2024

Token.io , the leading account-to-account (A2A) payment infrastructure provider, today announces a partnership with Santander UK (‘Santander’). The collaboration aims to leverage Token.io’s industry-leading open banking connectivity and infrastructure to enhance Santander’s customer experiences and develop cutting-edge, real-time payment propositions.

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Real Time Payments Instant Payments Payments Credit Cards 98

The Paypers

OCTOBER 15, 2024

Token.io has partnered with Santander UK , to use Token.io’s Open Banking technology and infrastructure to enhance Santander’s customer experiences and create real-time payment solutions.

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Real Time Payments Payments Payment Solutions Technology 73

Fintech Finance

OCTOBER 15, 2024

A pioneer in open banking, Neonomics unveils an innovative new product suite launched as Nello, with the goal to bring open banking to the next level through AI-driven solutions and seamless payments. Launching across the EU and the U.K., Nello Pay and Nello AI aims to transform the way businesses and consumers interact with financial services to deliver unprecedented insights, automation, and security, enabling users to experience a smarter, faster, and more seamless way to complete payments an

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AI Payment APIs and Integration End User Push-to-Card 98

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AI

Finextra

OCTOBER 15, 2024

German Banking-as-a-Service company Solaris is set to lay off a third of its workforce with the majority of job losses hitting its British subsidiary Contis.

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Fintech Finance

OCTOBER 15, 2024

Metro Bank has partnered with engagement banking provider, BankiFi , to launch Invoice It – the easy-to-use app and web-based service which helps SMEs send and receive payments. Across the UK, businesses are seeking modern financial solutions which help them to send and receive payments in a timely and cost-effective manner. In response to these demands, Metro Bank has partnered with BankiFi to launch Invoice It, providing an innovative end-to-end payments and accounts receivable solution and ac

Cash Management 98

Cash Management Payments Accounts On-Demand 98

Finextra

OCTOBER 15, 2024

Barclays Bank has snapped up the General Motors card business from current issuer Goldman Sachs.

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Issuers 72