Fri.Feb 23, 2024

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Digitisation is a priority for ESG initiatives – Paymentology

Finextra

ESG has a new meaning in 2024, with more and more financial institutions becoming increasingly transparent in their sustainable principles, and governments pushing harder for green regulation within the industry.

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Envestnet data and analytics revenue falls 7% YoY

Bank Automation

Envestnet data and analytics revenue fell during its fiscal fourth quarter amid rumblings in December of a Yodlee sale. The wealthtech giant’s data and analytics revenue fell 7% year over year to $38.6 million during the quarter, according to its earnings presentation.

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TerraPay partners with Diamond Trust Bank Uganda

Finextra

TerraPay, a leading global cross-border payments network company, and Diamond Trust Bank Uganda (DTBU), a prominent member of the Diamond Trust Bank Group, today, announced a strategic partnership to expand international money transfers and strengthen financial inclusion in Uganda. Together, both firms will deliver unparalleled benefits to customers worldwide.

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CFPB may take legal action against Block

Payments Dive

The bureau has informed the digital payment company it’s weighing legal action related to a Cash App probe.

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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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Security in Payment Processing: Protecting Your Business and Your Customers

National Processing

Secure payment processing is more vital than ever, and for reasons most people don’t realize. The main reason— security issues cost businesses their reputation. This lowers trust and causes them to lose customers, which are hard to replace, as any business owner knows. Studies have long shown that selling to existing customers is much […] The post Security in Payment Processing: Protecting Your Business and Your Customers appeared first on National Processing.

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Facing Challenges: Credit Unions Struggle with Earnings

Payments Next

By Douglas Hall, Founder & CEO, EQUE 2023 proved challenging for US credit unions. As the economic landscape shifted, these financial institutions The post Facing Challenges: Credit Unions Struggle with Earnings first appeared on Payments NEXT.

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Capital One-Discover deal carries $1.38B termination fee

Payments Dive

The fee would apply if Discover chooses another buyer or if either board has a change of heart, but not if regulators block the deal.

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Texas Blockchain Council challenges US DoE on bitcoin mining data

Finextra

The Texas Blockchain Council (TBC), a non-profit industry association, has initiated legal action against the Energy Information Administration (EIA) over cryptocurrency mining data collection.

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Google Pay app to be retired in US this year

Payments Dive

“To simplify the app experience, the U.S. version of the standalone Google Pay app will no longer be available,” the tech giant said in a Thursday blog post.

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Difference Between Metrics and KPIs in the Payments Industry

Clearly Payments

In the payments industry, understanding and effectively measuring performance are crucial for businesses to stay competitive and meet customer demands. Metrics and Key Performance Indicators (KPIs) play vital roles in this process, offering valuable insights into various aspects of operations. However, it’s essential to distinguish between the two and recognize their respective significance within the payments ecosystem.

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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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Paying it Forward: The Future of BNPL, GenAI, and Embedded Finance in PayTech

Finextra

Amid continuing economic uncertainties, consumers are taking advantage of a raft of emerging technol.

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Cap One could dodge law requiring added processing capacity

Bank Automation

Capital One could be excluded from the proposed Credit Card Competition Act of 2023 if its acquisition of Discover Financial Services goes through and the bank creates an in-house processor. Read more on the Capital One, Discover deal The proposed act, introduced in June 2023 by U.S. Sen.

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Cash-strapped consumers turn to BNPL: Fed survey

Payments Dive

Consumers facing financial hardships turned to buy now, pay later services more last year than stable consumers, according to survey results from the Philadelphia Federal Reserve Bank.

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South African mobile operators combat fraud with GSMA initiative

The Paypers

Telecommunications operators Cell C , MTN , and Telkom have welcomed the launch of two universal APIs available in South Arica that combat fraud and digital identity theft.

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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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The Role of Duration Gap Analysis in a Lender’s Asset Liability Management

Finezza

Lenders are often exposed to different types of risks, interest-rate risk being one of them. Interest rate risk stems from unexpected fluctuations in the interest rates in the market due to changes in the monetary policy, inflation and economic growth. Lenders protect themselves from the risk of default by borrowers by carrying out a thorough […] The post The Role of Duration Gap Analysis in a Lender’s Asset Liability Management appeared first on Finezza Blog.

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Lloyds to face AML controls investigation

The Paypers

The Financial Conduct Authority (FCA) of the UK has initiated an investigation into Lloyds Banking Group ’s Anti-Money Laundering (AML) controls.

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CAB Payments CEO steps down following disappointing LSE float

Finextra

The CEO of CAB Payments is stepping down less than a year after the business-to-business cross-border payments firm's disastrous float on the LSE.

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Despite Knowing Risks, Brits Continue to Expose Themselves to Cybercriminals Finds IDnow

The Fintech Times

IDnow , the identity verification platform provider, has revealed that there is a massive gap in UK consumer knowledge when it comes to key tactics used by fraudsters. The research by YouGov , commissioned by IDnow, reveals that many Brits are vulnerable to cybercrime which has seen exponential growth in the last year. Despite almost half (45 per cent) of the UK-based respondents (2,264 were surveyed) being aware that scans or photos of ID documents could be obtained by fraudsters, they continu

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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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Google to Shutter Standalone Google Pay App

Finovate

Google is shutting down its Google Pay app in the U.S. on June 4, 2024. The payment infrastructure will still be available for ecommerce transactions and in-store tap-to-pay capabilities. The app will still be available in India and Singapore. Google is funneling users to Google Wallet, which U.S. consumers use 5x more than Google Pay. Take a second to think about the last time you opened up the Google Pay app on your phone to make a payment or manage your digital payment cards… That may b

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NextGen Nordics 2024: NPC’s Camilla Åkerman on navigating payment complexities

Finextra

NextGen Nordics is returning to Stockholm on the 23rd of April and we are pleased to announce Camilla Åkerman, secretary general of the Nordic Payments Council (NPC), will be joining us as our keynote speaker.

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PayPal finance exec jumps to Flywire CFO seat

Payments Dive

Cosmin Pitigoi’s appointment comes six months after Flywire announced its long-time finance chief would be exiting.

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70% of UAE Outbound Travelers Say Digital Payments Integral to Secure and Rewarding Travel Experience

Fintech Finance

UAE outbound travelers are increasingly safeguarding their travel experience through digital payments, with 70% opting for digital wallets during trips, according to the 2023 Global Travel Intentions Study by Visa (NYSE: V), a global leader in digital payments. The study also finds that intra-regional travel is popular among UAE travelers, followed by inter-regional trips to Asia Pacific and Europe.

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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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Empowering MSMEs in Asia: Report Highlights Urgent Need for Gender-Smart Climate Financing

The Fintech Times

Micro, small, and medium-sized enterprises (MSMEs) are the economic backbone of South and Southeast Asia, yet research shows businesses are struggling to obtain the financing they need to sustain or scale their climate solutions. This is especially true for women small business owners. SecondMuse Capital , an impact-focused investment company, supported by Visa Foundation and social investor AVPN, has released a report from its Future Economy Lab in Asia, focusing on Financing Gender-Smart Clima

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Discover how to choose the best AR automation software

Paystand

Finance professionals always search for ways to enhance efficiency and streamline financial operations. One powerful solution to address these challenges is finding the best AR automation software. But what exactly does this mean for CFOs and finance teams? Imagine that tedious tasks of manual invoicing, chasing payments, and reconciling accounts are in the past.

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DKK Partners FZE Secures Initial VARA Approval to Offer Virtual Asset Services in Dubai

The Fintech Times

DKK Partners FZE , a subsidiary of DKK Partners based in the Dubai World Trade Centre (DWTC), has secured initial approval from the Dubai Virtual Assets Regulatory Authority (VARA) to offer virtual asset broker dealer services. Initial approval from VARA enables DKK Partners FZE, which specialises in emerging markets (EM) and foreign exchange (FX) liquidity, to move forward in the licensing process as they look to offer corporate and institutional customers in Dubai and the UAE access to stablec

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Mitigating Fraud in Payment Processing

Segpay

5 minute read There has been a steady rise in bank and credit card fraud in recent years, which suggests that bad faith actors have become increasingly sophisticated and audacious in their tactics. Recent studies from The Motley Fool show that a staggering 111,000 Americans fell prey to bank fraud in 2022 , a significant rise from the approximately 84,000 reported cases in 2021.

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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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Ebury and Nium Launch Remittance Service to Help ‘Underbanked SME and Consumer Population’ in Brazil

The Fintech Times

Ebury , the fintech specialising in transactions for SMEs, has expanded its partnership with Nium , the real-time global payments company, to deliver a new global remittance service in Brazil. With the new remittance service, Nium and Ebury plan to enable businesses to send or receive fast, reliable, and affordable cross-border payments to and from Brazil.

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Quaint Oak Bank Selects Finzly to Modernize Payments and Enable its Embedded Banking Practice

Fintech Finance

Finzly , the pioneering provider of modern payments systems for financial institutions, announces that Quaint Oak Bank has selected it to modernize its payments infrastructure, providing a superior user experience and enabling them to grow their international and embedded banking businesses. Quaint Oak is an established financial institution with a relationship-focused approach to business banking.

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BankiFi and Praetura Look to Support ‘Banks and Businesses’ With New Lending-as-a-Service Solution

The Fintech Times

BankiFi , a technology platform helping financial institutions service SMEs, has joined forces with Praetura , an alternative lending company, to launch a new lending-as-a-service solution that will boost SMEs’ access to growth funding. The BankiFi platform is designed to help small businesses access capital when they may otherwise not meet the criteria for traditional high street banks.

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TD Bank Launches “Tap to Pay on iPhone” for Small and Micro Businesses

Fintech Finance

TD, America’s Most Convenient Bank® , today announced the launch of Tap to Pay on iPhone, enabling small and micro business owners across the U.S. to use their mobile phone for a seamless and secure point-of-sale (POS) experience. With Tap to Pay and the TD Bank Mobile App, business owners can accept all types of in-person, contactless payments using only their iPhone – from contactless credit and debit card to digital wallet or wearable, Tap to Pay eliminates the need for additional POS hardwar

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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.