Fri.Mar 22, 2024

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How to maximize agility and automation with rules-based payment processing

Payments Next

By Michael Meeks, CTO of BHMIThe payments industry is changing so rapidly that many payment processing companies are struggling to keep pace. The post How to maximize agility and automation with rules-based payment processing first appeared on Payments NEXT.

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Digital wallets to overtake debit cards in stores: report

Payments Dive

Having already dominated e-commerce transactions, digital wallets are projected to overtake at least one traditional form of payment in stores, according a Thursday report by Worldpay.

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Nsave gets $4M to enable people from unstable economies open offshore accounts

TechCrunch Fintech

Nsave, a fintech based in Geneva making banking in Switzerland accessible to people in countries at war or those with unstable banking sectors or facing high inflation, has raised $4 million seed funding. The round was co-led by Sequoia Capital and TQ Ventures with participation from Y Combinator, SV Angel and FONGIT: the State of […] © 2024 TechCrunch.

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Snoop partners with Equifax for free credit score service

Finextra

Snoop, the award-winning money-saving app, has today launched a free credit score service in partnership with Equifax, making it the first to combine money management and credit score in one app.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

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

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American Express UK cardmembers can now pay in instalments with Plan It

The Payments Association

American Express has launched ‘Plan It’ – a new offering for the UK market that allows credit Cardmembers to pay off purchases on their statement, or a portion of their monthly bill, in instalments.

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Nationwide to acquire Virgin Money with extended Branch Promise

Finextra

Nationwide Building Society has confirmed the offer of acquisition to Virgin Money UK, agreeing to the terms of a cash offer of £2.9 billion with Virgin Money’s Board.

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More Trending

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Amazon taps Stripe Terminal for Just Walk Out tech in Australia and Canada

Finextra

Stripe, a financial infrastructure platform for businesses, announced an expansion of its Amazon partnership by powering payments for retailers using Just Walk Out technology in Australia and Canada.

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The real battle for the customer begins

The Payments Association

In an era where customer focus, innovation, and the challenge of profitable growth take center stage, the payments industry faces a pivotal transformation, signalling the end of 'easy growth' for traditional giants Read more

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Mukuru Distributes Aid Across Africa Following Expansion to Uganda

The Fintech Times

South Africa-based money transfer platform, Mukuru , has distributed aid to disadvantaged recipients in Africa, helping people impacted by COVID-19 lockdowns and other economic issues. Mukuru is using its platforms to help businesses transfer cash around the countries it currently operates, using its existing network. It also has plans to roll out aid transfers to more countries as it helps several UN organisations and other aid NGOs such as the United Nations Children’s Fund , Food and Ag

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Mobile Phones and the Future of Payments Beyond 2024

Clearly Payments

In the landscape of commerce, mobile payments have emerged as a disruptive force, altering the way people engage in financial transactions. Gone are the days of clunky cash registers and cumbersome wallets. Instead, the sleek convenience of tapping smartphones or swiping wearables has become the new norm. This transformation signifies more than just a change in transaction methods.

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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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Alternative Flexible Funding is a Lifeline for UK SMEs Struggling With Cash Flow

The Fintech Times

Cash flow and funding have emerged as the biggest concerns UK small to medium businesses (SMEs) are facing according to research by fintech lender, Nucleus Commercial Finance. A survey that took in the views of more than 1500 small British businesses showed that one in five (21 per cent) of SMEs plan to apply for a business loan within the next six months.

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The British Business Bank to provide £660m to startups

Finextra

The British Business Bank has announced its Northern Powerhouse Investment Fund II providing a £660m fund to small businesses in the North of England.

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Advocates urge transparency in Capital One-Discover review

Payments Dive

More than 30 organizations demanded the deal not be subject to expedited federal review and that public hearings be held in the largest lending markets for both Capital One and Discover.

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Understanding Smart Contracts: a practical guide

Finextra

There have been a lot of inventions over the course of history that revolutionised the way people ha.

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eCommerce in 2025: How Customer Experience Drives Online Retail Success

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

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Wisconsin passes EWA law as states’ paths diverge

Payments Dive

This week, Wisconsin became the third state to pass a law requiring that earned wage access providers be licensed, and leaving the payments unregulated under lending laws.

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FedNow overtakes TCH in adoption

Bank Automation

FedNow, launched just eight months ago, has overtaken its main competitor, The Clearing House’s Real-Time Payments network, in terms of the number of banks on the platform.

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Finovate Global Germany: Investing in Embedded Finance, Open Banking in Payments, N26 in France

Finovate

This week’s edition of Finovate Global features the latest fintech news from Germany, where investors are backing innovations in embedded finance, payments companies are taking advantage of open banking, and the green shoots of crypto spring are growing ever more apparent. Solaris secures funding Germany’s embedded finance platform Solaris secured $103 million (€96 million) in a Series F round this week.

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The potential of AI-powered chatbots in banking customer support

Bank Automation

Banking customer support is no walk in the park. Customers come with diverse problems, from lost cards to unclear charges, and they expect quick, precise solutions. Even the most experienced support teams can be overwhelmed by the variety and complexity of inquiries. The stakes are high in banking.

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7 Essential Criteria for Choosing the Right Payments Partner

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.

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Adopting Generative AI Will ‘Enable UK Financial Services to Grow Further’, Says Fifty One Degrees

The Fintech Times

Almost 85 per cent of tasks and activities in financial services firms would benefit from generative AI technology, according to a new research study by Fifty One Degrees , a London-based AI consultancy. Generative AI assistants built to support team members with one or more specific functions will benefit over three-quarters of tasks performed by financial services and insurance firms, Fifty One Degrees has revealed.

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Nationwide customers hit by payment delays

Finextra

Nationwide says a "fault" on Friday morning led to all payments between it and other banks and building societies being delayed.

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60% of KeyBank automation team targets risk

Bank Automation

NASHVILLE, Tenn. — KeyBank is working to automate as many risk controls as possible as threats continue to tick up.

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Hearing from Women Leaders in Fintech

Finovate

We had the privilege of sitting down and interviewing three remarkable women leaders in the fintech industry last month. As we bid farewell to Women’s History Month , we are thrilled to share the wealth of knowledge and experience they shared with us. In our interview videos below, you’ll hear from Nadia Edwards-Dashti, Co-Founder at Harrington Star Group; Jen Godderidge, CEO & Founder at ATMO Technologies; and Chantal Swainston, Founder at The Heard.

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Loyalty 101: How To Turn Browsers Into Buyers For Lasting Engagement

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.

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DCB Bank integrates facility for Good and Service

Finextra

DCB Bank, a new-generation private sector bank, today announced that it had successfully implemented and integrated with the Goods and Service (GST) payment portal. This complements the tax payments facility offered from DCB Bank that include Income tax, Advance tax, Direct tax and Tax Deduction at Source (TDS) payment. The Direct Tax payment facility was launched last year upon the Bank’s empanelment as an Agency Bank for conducting Government business.

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Can a payment hub help you tackle fraud?

Nomentia

If you have read our latest article on how artificial intelligence (AI) and machine learning (ML) can help to tackle fraud, I hope you got excited about the future and how fraud prevention could be revolutionized. You may already consider building a new business case to implement a solution.

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Robinhood co-founder Baiju Bhatt steps down from chief creative director role

Finextra

Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) has announced that Co-Founder and Chief Creative Officer, Baiju Bhatt, will step down from his executive role after over ten years in leadership to pursue other entrepreneurial interests.

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Comparing solutions: payment hubs vs. banking portals

Nomentia

Every company needs to make payments, either through banking portals or payment technologies. In this article, we'll compare what it's like to manage payments through bank portals versus in a payment hub. We'll also elaborate on the pain points of using traditional corporate e-banking tools and the key benefits and features of using payment hubs. Lastly, we provide some guidance on selecting a solution that suits your company's needs.

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Enhance Customer Value: Unleash Your Data’s Potential

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.

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Cashfree Payments launches ‘RiskShield’

Finextra

Cashfree Payments, India's leading payments and API banking company, announced the launch of ‘RiskShield’, India’s first real-time risk management solution for payment gateways. It aims at reducing fraudulent activities upto 40%. Built in-house, this solution will also help Indian businesses reduce chargebacks and disputes, thereby empowering them with tools strategically designed to combat fraudulent transactions with precision and securing financial stability.

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This Week in Fintech: TFT Bi-Weekly News Roundup 22/03

The Fintech Times

The Fintech Times Bi-Weekly News Roundup on Friday 22 March 2024 serves up the latest industry movers and partnerships. Appointments 3S Money has welcomed Angela Knight, its current head of risk and compliance, to its board of directors. Before joining 3S Money, Knight held key positions at Standard Chartered Bank, where her influence extended across Europe and the Middle East and North Africa (MENA) regions.

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What is a Fractional CFO – And How Do I Find One?

Nanonets

Smaller businesses often push aside big-picture and strategic financial concerns as they launch and ramp up operations. Most founders and owners, while focusing on the basics of profit and loss, roughly outlined balance sheets, and similar essentials, neglect the complex financial framework that is crucial for evolving a company into a sustainable and mature entity – especially if aiming for a liquidity event, seeking external funding, or prepping for a rapid growth phase.

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Unlock Efficiency: Modernise Your Month-End Close with FloQast

FloQast

Outdated manual month-end close processes are a pain point for companies of every size – taking up as much as 40% of finance departments’ monthly working time and attention – an effort that could be better spent adding value to the business in other ways. Fortunately, companies can make their month-end close faster, and shorten completion times, by modernising their process.

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Top Strategies to Future-Proof & Sustain Your Merchant Services Portfolio

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.