Fri.Sep 13, 2024

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U.S. Faster Payments Council Publishes Operational Considerations for Receiving Instant Payments Guideline

Fintech Finance

The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today announced the release of its latest publication, Operational Considerations for Receiving Instant Payments. This comprehensive guideline provides essential insights and best practices for financial institutions (FIs) as they navigate the complex landscape of instant payments.

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Paymentology strengthens partnership with Union54 to launch virtual Mastercard debit cards on ChitChat

The Payments Association

Paymentology, the leading global issuer processor, today announces a continuation of its partnership with Zambian fintech, Union54, a company dedicated to providing secure messaging and instant payment systems.

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Slide Insurance Deploys One Inc’s Full Suite of Digital Payments Solutions for Homeowners

Fintech Finance

One Inc , the leading payments network for the insurance industry, has announced that Slide Insurance (‘Slide’) has successfully implemented the full suite of One Inc’s best-in-class digital payments solutions PremiumPay® and ClaimsPay® , for both inbound and outbound payments. Based in Tampa, Florida, Slide makes it easy for homeowners to choose the right coverage for their unique needs.

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U.S. Bank rolls out access to Paze digital wallet

Payments Dive

The bank began offering the payments option from Early Warning Services to its credit and debit cards customers this week.

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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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Five AI-driven fintechs to watch

Bank Automation

Banks and investors are evaluating AI-driven startups for long-term growth opportunities. “Investors are keeping close tabs on AI-related innovation,” Isaiah Payne, managing director at investment banking firm Jackson Payne Investments, told Bank Automation News at Finovate Fall 2024. Global AI funding hit a record high in the second quarter with a 59% increase quarter […] The post Five AI-driven fintechs to watch appeared first on Bank Automation News.

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Ansa debuts in-store digital wallet capabilities

Payments Dive

Ansa last week launched a software development kit, which can be patched onto the code of a brand’s mobile app. “The pain’s on our side to make sure all their systems talk,” co-founder Sophia Goldberg said.

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What is a Payment Orchestrator?

Clearly Payments

A Payment Orchestrator is a service that enables businesses to manage and optimize their payment processing by connecting to multiple payment providers and processors through a single platform. Payment orchestrators act as an intermediary layer between the merchant and the payment gateways , offering flexibility, redundancy, and optimization capabilities.

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What Regtech Solutions Can Help Fintechs Ensure Compliance?

The Fintech Times

2024 is proving another standout year for the regulatory space, finding itself under the spotlight, for better and worse reasons. This month, The Fintech Times will look at some of the biggest issues regarding compliance and financial rules, as well as the solutions hoping to ease the compliance journey for firms and make the fintech world fairer and safer.

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Accrued Income as a Current Asset: Understanding Revenue Accrual

Chargebee

Introduction to the concept of accrued income and its significance Accrued income is a fundamental concept in accounting that represents revenue earned but not yet received. This concept is crucial for businesses operating on an accrual basis, as it ensures income is recognized in the period it is earned, rather than when payment is received. By adhering to the accrued income statement and the principles of revenue recognition, companies can provide a more accurate picture of their financial hea

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Regulator tells Wells Fargo to fix AML deficiencies

Finextra

Shares in Wells Fargo fell on Thursday after the bank inked a formal agreement with the Office of the Comptroller pledging to fix deficiencies in its financial crimes risk management practices and anti-money laundering internal controls.

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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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Consumers Turn to Digital Remittance Solutions as Economic Unrest Persists, MoneyGram Reveals

The Fintech Times

Consumers are increasingly embracing digital solutions to send remittances to help loved ones living abroad, according to MoneyGram International , the money transfer service provider, which has released the latest instalment of its annual remittance report. The MoneyGram report, ‘ 2024 State of Remittances – Through the Lens of the Consumer ‘, is based on an extensive survey of over 1,000 US remittance consumers, and offers insights into the evolving landscape of international money

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Moneyhub research shows cash savings fell by 24.5% over last year

Finextra

The latest proprietary insight from Moneyhub, the market-leading data and payments platform’s Financial Wellness Tracker, reveals that consumer cash savings fell by 24.5% in the 12 months to August 2024.

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Ecommpay Enhances Accessibility with New Guide and Inclusive Payments Platform

The Fintech Times

Ecommpay, a global payments platform, has launched a new brand identity and inclusivity programme, focusing on accessibility, sustainability and promoting financial inclusion. As part of its mission to drive financial inclusivity, the programme provides critical support to merchants, helping them improve the accessibility of their digital presence. Research shows that enhancing website accessibility can boost traffic by 23 to 24 per cent.

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Lloyds Banking Group plans 292 branch closures in 2025

Finextra

Lloyds Banking Group has confirmed that it will be closing 292 bank branches across the UK in 2025.

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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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Tottenham Hotspur Nets Three-Year Deal with Ant International for Global Payments and Fan Engagement

The Fintech Times

North London football club Tottenham Hotspur has kicked off a new three-year strategic partnership with Ant International , a digital payment company. Under the partnership Ant International, as well as its business brands Alipay+ , Antom and WorldFirst , become the exclusive official global payment solutions and digital wallet partner of Spurs, and Alipay+ the first official training wear sleeve partner for both the men’s and women’s teams.

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What is a Custodian in Finance? Key Duties Explained

Paystand

Table of Contents What is a custodian in finance? What is the difference between a custodian bank and a traditional bank? What is the difference between a custodian bank and a mutual fund custodian?

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US regulators extend comment period on bank-fintech relationships

Finextra

The federal bank regulatory agencies announced today that they will extend until October 30, 2024, the comment period on a request for information on bank-fintech arrangements involving banking products and services.

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Home Sweet Home, Simplified: HomeToGo’s Swift Integration with Chargebee Redefines Rental Subscription

Chargebee

HomeToGo, the world’s largest marketplace for vacation rentals, faced a significant challenge when acquiring a new business that required quickly adding subscription service capabilities. With a tight nine-month timeline for full integration, HomeToGo needed an agile partner to help it navigate this new territory. “We had to add a completely new tech capability and revenue management capability, aka subscription services, which we just didn’t have before,” explains Inga F

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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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Mastercard enables international visitors to Tap & Go on Beijing transit

Finextra

Supported by the PBC, the Beijing government, and the city’s urban rail transit system, Mastercard has become the first international payment brand in Chinese mainland to complete system integration and successfully launch the 'Tap & Go' feature for urban rail transit

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Accenture invests in EMTECH to modernise central bank operations

The Paypers

Accenture has announced that it has invested in EMTECH , a company that provides SaaS platforms to help central banks streamline, connect, and modernise their processes and operations.

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Kredit Hero launches AI-powered lending marketplace in the Philippines

Finextra

Kredit Hero, an AI-powered marketplace designed to provide small and Medium Enterprises (SMEs) with access to much-needed financing, is officially launching in the Philippines. Despite SMEs accounting for over 99% of all businesses in the country, they face significant challenges in securing loans. Kredit Hero addresses this critical gap by leveraging advanced AI technology to assess financial profiles and connect SMEs with the most suitable lenders.

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Ecommpay launches Ecommpay for Good

The Paypers

Ecommpay has launched a new brand identity and inclusivity programme, reflecting its focus on accessibility, inclusivity, and sustainability aiming to achieve financial inclusivity.

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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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Absa hosts hackathon

Finextra

Absa Group is proud to announce the successful completion of its second annual Hackathon, aimed at igniting engagement and fostering innovation within the Absa Technology community.

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PayerMax obtains PTSP certification in the KSA

The Paypers

Payment solution provider PayerMax has announced that it officially obtained the Payment Technical Service Provider (PTSP) certification from Saudi Payments, on behalf of the Saudi Central Bank.

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Zoho launches AI-enabled version of its BI and analytics platform

Finextra

Zoho Corporation, a leading global technology company, today launched a new version of Zoho Analytics—Zoho's self-service BI and analytics platform. Among more than 100 other enhancements, Zoho Analytics has developed powerful new AI and ML capabilities, enabling diagnostic insights, predictive analysis, and automated report and dashboard generation.

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TeleMoney partners with Thunes

The Paypers

Thunes , the Smart Superhighway for global money movement, has announced an alliance with TeleMoney , the International Remittance arm of Arab National Bank (ANB).

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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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Janus Henderson partners with Anemoy and Centrifuge on its first tokenised fund

Finextra

Janus Henderson Investors is pleased to announce that it will be entering into an exciting new strategic partnership with Anemoy Limited and Centrifuge to manage Anemoy’s Liquid Treasury Fund (“LTF”), a fully on-chain, tokenized fund issued on Centrifuge’s public blockchain that provides investors with direct access to short-term US Treasury bills.

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Citizens and Navan join forces

The Paypers

Citizens and Navan have announced an agreement that combines Navan’s all-in-one travel and expense solution and Citizens’ commercial banking services.

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OneTap Loyalty expands after international investment

Finextra

OneTap Loyalty was designed and developed by two Australian retail loyalty entrepreneurs, Carly Neubauer and Jodie Wilson. The groundbreaking technology enables retailers to adopt the platform providing customers with the ability to link their payment card to the loyalty programs thus ensuring that every time a customer shops and taps their payment card, they are automatically rewarded for their shop.

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Boost launches 100XB cross-border solution for US commercial cards

The Paypers

Boost Payment Solutions has introduced Boost 100XB, a cross-border payment solution tailored for US-issued commercial cards.

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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.