Payments Dive
JULY 2, 2024
Research from the investment bank Jefferies suggests generative artificial intelligence could be used in the payments industry to improve fraud detection and make transactions happen faster.
Finextra
JULY 2, 2024
The European Payments Initiative (EPI) has launched its mobile-first wallet and instant account-to-account payments system in Germany, with other counties set to follow in the coming months.
Fintech News
JULY 2, 2024
The International Finance Corporation (IFC) , a member of the World Bank Group, is evaluating a US$150 million loan package for KB Finansia Multi Finance (FMF) in Indonesia and KB J Capital (KBJ) in Thailand. According to a disclosure accessed by DealStreetAsia , the financing will include an A loan of up to US$75 million in Indonesian rupiah equivalent for FMF, partially guaranteed by KB Kookmin Card Co (KBC), and another US$25 million loan without a guarantee.
National Processing
JULY 2, 2024
The truth is that choosing the right dentist merchant services provider can mean more to dental practices than it means to other businesses. Why? Well, all businesses are affected by the company they choose to process payments due to fees cutting into profits. However, dental offices are impacted more so because of the […] The post Why Dentist Merchant Services Matter To Dental Practices appeared first on National Processing.
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
Stax
JULY 2, 2024
Keeping a meticulous record of all your financial transactions gives you a good picture of the state and health of your small business and makes life easier come tax time. However, recording your daily financial transactions manually can be a very tedious and mistake-prone process. This article will show you how to select the right bookkeeping app to help digitize and manage the entire process of financial record keeping and reporting more easily and accurately.
BlueSnap
JULY 2, 2024
Choosing a white-label payment platform to power embedded payments lets software companies own seamless, branded payment solutions for their clients without having to take on the full responsibility for payments. However, selecting a platform with global capabilities can play an instrumental role in your success and growth in the payment business. The post How Global White-Label Payment Platforms Help Grow Embedded Payments Revenue appeared first on BlueSnap.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Fintech News
JULY 2, 2024
Neobank Revolut’s annual revenue in Singapore more than doubled compared to 2022, contributing to the group’s financial performance. This marks its second consecutive year of gross profitability. The group’s revenue increased by 95%, from US$1.1 billion in 2022 to US$2.2 billion in 2023. Profit before tax reached US$545 million, and net profit grew to US$428 million, up from US$7 million in 2022.
Fintech Finance
JULY 2, 2024
Leading financial services business Cardstream has announced its partnership with Mastercard to roll out its new Click to Pay service to Cardstream customers globally. Click to Pay gives merchants the option to benefit from an embedded and optimised checkout within existing integrations. This removes the requirements for manual card detail entry and improves the guest checkout experience as consumers can store and handle their cards in a single profile, which is updated automatically.
Bank Automation
JULY 2, 2024
Robert Schulze, head of pricing and risk model infrastructure at UniCredit Bank, will speak at Bank Automation Summit Europe 2024 about AI in financial services. The summit takes place Oct. 7-8 at Hilton Frankfurt in Frankfurt, Germany, bringing together industry experts to discuss banking automation, AI, regulation, payments and more.
Fintech Review
JULY 2, 2024
Regulatory Technology, or RegTech, has emerged as a crucial ally for financial institutions navigating the intricate landscape of compliance. In 2024, advancements in RegTech are revolutionizing how firms manage regulatory requirements, leveraging innovations such as AI-driven monitoring and big data analytics to enhance efficiency and transparency.
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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?
Basis Theory
JULY 2, 2024
Despite the payment process remaining consistent, nuances exist for high-risk merchants that use high-risk payment processors. The blog has more details!
Finextra
JULY 2, 2024
Money transfer fintech Wise says some of its customers may have been caught up in the recent hack on Evolve Bank & Trust.
Fintech Finance
JULY 2, 2024
dLocal , the leading cross-border payment platform specializing in emerging markets, today announced a strategic partnership with Wakanow Group. This partnership aims to streamline and simplify cross-border payments for Wakanow’s customers throughout Africa, supporting the company’s expansion into new African markets. Currently valued at nearly $13 trillion, the global travel industry sees only 30% of its bookings in Africa conducted online, considerably lower than the global average
Fintech News
JULY 2, 2024
Stablecoin issuer Paxos has appointed Jeannie Lim as the Executive Director of its Singapore operations, according to a Bloomberg report. Jeannie Lim The former head of messaging payments at Meta Platforms will be responsible for advancing Paxos’ strategic vision in the Asia-Pacific region. This includes new business opportunities, partnerships, and regulatory engagement, according to a company spokesperson.
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
Fintech Finance
JULY 2, 2024
Basware , a global leader in AP (accounts payable) automation and invoice processing, has announced its integration with Amazon Business to streamline the purchasing and procurement process for customers. The new Amazon Business Integrated Search feature will allow buyers to search for items from Amazon Business and checkout directly within Basware’s Procurement solution.
Payments Dive
JULY 2, 2024
Hopes for passing a 2024 buy now, pay later bill in New York state to regulate the nascent industry expired with the end of the legislative session last month. But next year could be a different story.
Fintech Finance
JULY 2, 2024
MultiSafepay (MSP), an Amsterdam-based payment service provider, and Antom global merchant payment services (Antom), a leading payment and digitization services provider under Ant International, announced today that MultiSafepay has become a wholly-owned subsidiary of Ant International and will integrate with Antom to promote convenient, secure and accessible payment solutions and digitalization services to businesses, especially small and medium-sized enterprises (SMEs) across Europe.
NFCW
JULY 2, 2024
EVIAN PILOT: Spectators can buy a QR code for £5 enabling them to refill their water bottle all day Sports fans attending this year’s Wimbledon tennis tournament can purchase a QR refill pass that gives them the ability to refill their water bottle at any of a number of Evian mineral water refill stations located around the All England Lawn Tennis Club , rather than buying their mineral water in a plastic bottle or using a free tap water refill station.
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.
Fintech Finance
JULY 2, 2024
Today, Klarna , the AI-powered global payments network and shopping assistant, is calling for whoever wins the UK General Election to prioritise financial inclusion in the national curriculum, following survey results showing many UK young adults think mastering money terms is harder than learning to speak a new language. In a study of 2,000 adults commissioned by Klarna as part of the company’s push for greater transparency in financial services, it was found that 64 per cent of Gen Z believe p
Fintech News
JULY 2, 2024
The Singapore government should not direct or interfere with sovereign wealth fund GIC ’s investment decisions, emphasised Second Minister for Finance, Chee Hong Tat, in Parliament. GIC’s primary focus is to achieve good long-term returns for Singapore, and this principle guides its investment strategies. Chee explained that under current arrangements, GIC can already invest in Singapore companies if they have a global footprint and can generate good returns for GIC’s portfolio.
Fintech Finance
JULY 2, 2024
Nexi , the leading PayTech in Europe, has signed a new collaboration with Amazon.it , enabling customers to make purchases using Bancomat Pay. Through the collaboration, Nexi becomes a technical provider for Amazon.it, making its technology platform available to the e-commerce site. The agreement offers Amazon.it customers more choice at checkout, guaranteeing them an additional, convenient, simple and secure payment method.
Fintech News
JULY 2, 2024
Former Spenmo executives announced the launch a new venture, Summit , to target spend management for small to mid-sized companies. Led by CEO Jo-Ann Chung, CTO Isaq Ahmed, and CFO Jim Goudie, Summit is backed by Global Founders Capital and Insight Partners. Summit aims to address common pain points in finance management by modernising and automating accounts payable and employee expense claims processes.
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.
Fintech Finance
JULY 2, 2024
Decision-makers from payments businesses across the UK have identified Authorised Push Payment (APP) fraud as the top threat to both their businesses and consumers. This is according to the first findings of an in-depth financial crime survey by The Payments Association , which champions innovation and collaboration across the industry, due for full publication later this month.
Finextra
JULY 2, 2024
Berlin-based family finance app Bling has raised $12 million Series A financing round led by US investor Owl Ventures, existing investors Peak and Angel Invest as well as the Frankfurt-based venture arm of Commerzbank Group Neosfer.
Fintech Finance
JULY 2, 2024
Qualpay , a technology-first payments platform, announced today that it has entered into a strategic partnership with Aevi , the industry-leading platform provider for in-person payment orchestration. The strategic integration will enable Qualpay to extend its existing e-commerce focused platform by offering a comprehensive card-present solution to a diverse customer base.
Bank Automation
JULY 2, 2024
Mastercard is using AI to help structure the data it collects for its more than 3,000 bank clients in the United States and Europe.
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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.
Fintech Finance
JULY 2, 2024
Fingerprint Cards AB (Fingerprints ) and IN Groupe, through its SPS brand, a leader in contactless and dual interface cards, announce the launch of its Secure Component solution for contactless biometric payment cards, supporting global card manufacturers to scale up production of next-generation payment cards. In line with consumer preferences for contactless, the global biometric payment card market is anticipated to rise at a considerable rate over the coming years.
Finextra
JULY 2, 2024
Fintech juggernaut Revolut has surged to a record profit of $545 million in 2023, boosting its long-term quest to secure a UK banking licence.
Fintech Finance
JULY 2, 2024
myPOS , the UK-based payments provider, is pleased to announce that Matt Komorowski has joined the executive team as Chief Revenue Officer. Matt will lead all aspects of the company’s revenue growth and sales strategy. Matt brings a wealth of payments experience at iconic companies such as PayPal, Groupon and the Boston Consulting Group. Most recently, he served as CRO at Volt.io where he focused on driving adoption of the company’s open banking products across business verticals and inter
Finovate
JULY 2, 2024
Core banking platform provider Tuum announced a partnership with debt management specialist Flexys. The partnership will help banks improve their debt collection workflows. Tuum won Best of Show in its Finovate debut at FinovateEurope earlier this year. U.K.-based core banking platform Tuum has teamed up with debt management specialist Flexys. The partnership will help banks streamline and enhance their debt collection processes at a time when legacy core systems are limiting financial instituti
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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.
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