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Founded in 2010, the FinTech Innovation Lab New York, a 12-week programme founded and run by Accenture , the digital service provider, and the Partnership Fund for New York City , helps early- and growth-stage fintechs accelerate product and business development. Marking its 15th year, the latest 11 firms selected to take part in the programme have been announced.
Bancomat , Bizum and SIBS are bringing European payments to the next level through EuroPA, the European Payments Alliance, by achieving a significant milestone in cross-border payments in Europe. Bancomat, Bizum and MB WAY have begun rolling-out their connection, which will enable users in Italy, Portugal, Spain and Andorra to send and receive money instantly to mobile phone numbers, using their preferred payment solutions.
Norwegian savings bank, Fana Sparebank , is building upon its customer-centric growth strategy by integrating the Tietevry Banking , the banking software provider, solution into its infrastructure. The new partnership, which will come into effect from 1 April 2025, will enhance the Fana Sparebank mobile and self-service offerings, including the self-service loan management solution.
Bancomat , Bizum and SIBS are bringing European payments to the next level through EuroPA, the European Payments Alliance, by achieving a significant milestone in cross-border payments in Europe. Bancomat, Bizum and MB WAY have begun rolling-out their connection, which will enable users in Italy, Portugal, Spain and Andorra to send and receive money instantly to mobile phone numbers, using their preferred payment solutions.
Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón
Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how a composable approach helps modernize commerce stacks while maintaining control over critical systems.
Business Product 1 applies to card-not-present transactions and Business Product 2 applies to card-present transactions.There are additional sub-categories, determined by spend tiers 1-5. Note that Visa uses Roman numerals, so the spend tiers are I, II, III, IV, and V. Spend tiers relate to the cardholder spending requirements and range from $0 in Tier I to $250,000 for Tier V.
Global fintech SumUp has partnered with FreedomPay , a global leader in Next Level Commerce™ technologies, to further strengthen their offering for retail and hospitality merchants worldwide. The partnership will deliver a robust payment system with offline capability – a major bonus for merchants operating remotely – as well as hardware flexibility and enterprise level infrastructural functionality, for even the smallest commercial operations.
The two categories essentially replaced Visas prior CPS interchange program, and apply to different consumer credit transactions. The broadest difference is that Restaurant 1 applies to card-not-present transactions and Restaurant 2 applies to card-present transactions. There are additional sub-categories with Restaurant 1 and 2, but unlike with some other categories, there are actually only two different rates: one for consumer credit and traditional rewards and the other for the luxury rewards
The two categories essentially replaced Visas prior CPS interchange program, and apply to different consumer credit transactions. The broadest difference is that Restaurant 1 applies to card-not-present transactions and Restaurant 2 applies to card-present transactions. There are additional sub-categories with Restaurant 1 and 2, but unlike with some other categories, there are actually only two different rates: one for consumer credit and traditional rewards and the other for the luxury rewards
Global analytic software leader FICO ’s analysis of UK credit card payments data from the past six years has revealed that consumers developed healthier credit card p ayment patterns during the pandemic, and those patterns have not fallen back to pre-pandemic levels. The COVID-19 lockdown and its reduced spending opportunities, as well as the financial support provided by the government furlough scheme, saw consumers more able to make card payments.
Galaxy Digital has reached a $200 million settlement with the New York Attorney General (NYAG) over claims the crypto investing company promoted the now collapsed Luna digital asset without disclosing its interest in the token.
As lenders expand their operations and take on more borrowers, they are also prone to more risks. In February 2025, for instance, the Bank of India declared loan fraud to the tune of INR 226.84 crore by an Odisha-based power Infrastructure business. Such liabilities eat into the liquidity, stability, and profitability of lending operations. Bank […] The post 6 Red Flags Loan Officers Should Monitor in Bank Statements appeared first on Finezza Blog.
Latin American enterprise spend management platform Mendel has raised $35 million in a Series B funding round led by Base10 Partners and joined by PayPal Ventures.
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
Understand the differences between direct and indirect cash flow methods to improve your cash flow forecasting and ensure your business's financial health.
On this week’s episode of News & Views, sponsored by Vanta , The Fintech Times Podcast team speaks about the fact that two million UK adults have borrowed from illegal lenders in the last 12 months and how Somalia has successfully launched the countrys first instant payment system. The conversation started off with Francis bringing to light how many families were relying on illegal lenders and loans to make it through the Easter holidays.
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