Stripe
FEBRUARY 15, 2024
In this blog post, we’ll share technical details on how we built this state-of-the-art money movement tracking system, and describe how teams at Stripe interact with the data quality metrics that underlie our payment processing network.
Payments Dive
FEBRUARY 15, 2024
About 60% of that group has used BNPL five or more times in the past year, compared to just over 20% of financially stable consumers, the New York Fed said.
The Payments Association
FEBRUARY 15, 2024
Making payments more accessible for everyone makes sense on several levels, ranging from helping to transform our society into a better and fairer one, to improving business efficiencies and operations. Being able to pay and use banking services without additional requirements or barriers impacts everyday life in many ways, from shopping to transport and access to work and social situations.
Stax
FEBRUARY 15, 2024
The world is increasingly moving towards becoming cashless and there are numbers to prove it. According to the Pew Research Institute , in 2022, a whopping 41% of Americans said they don’t use cash at all for any of their weekly purchases—a significant jump from 29% in 2018. FIS Global reports that in Norway, Sweden, and other Scandinavian countries, more than 90% of transactions processed at point-of-sale (POS) in 2023 were cashless.
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
The Payments Association
FEBRUARY 15, 2024
The founders of PAYSTRAX have decades of experience in the payments industry. In the past, they worked with internal software development teams who spent most of their time keeping up with connection updates, legislations, and regulations. One of PAYSTRAX’s primary goals was to onboard merchants as quickly as possible to become profitable. To achieve this, they needed a reliable and scalable white label platform partner with a strong API to quickly incorporate new partners and payment types into
Basis Theory
FEBRUARY 15, 2024
Total processing volume (also known as total payment volume , or TPV) is the sum of all payments passed through a specific payment processor over a given period of time for a business. For instance, a company that processed $20M through Stripe and $40M through Adyen during the year 2023 would be said to have a $20M TPV with Stripe and a $40M TPV with Adyen.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Finextra
FEBRUARY 15, 2024
Nigerian digital bank Carbon has acquired Vella Finance for the launch of an AI-powered platform for SMEs. Financial terms were not disclosed.
Payments Dive
FEBRUARY 15, 2024
While there has been industry speculation about the company making an acquisition, CEO Cameron Bready was more ready to talk “pruning” this week.
Finextra
FEBRUARY 15, 2024
New research from Economist Impact supported by Temenos finds that European banks are fighting back against competition from platform players, neobanks and payment providers.
TechCrunch Fintech
FEBRUARY 15, 2024
Apple’s recent move to boost the interest rate for its Apple Card Savings Account to 4.5% is now prompting a competitor to do the same. Cash App today announced it will now offer “up to” a 4.5% APY (annual percentage yield) for its Cash App Savings customers, with a few caveats. While Apple’s Savings account […] © 2024 TechCrunch.
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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?
Fintech News
FEBRUARY 15, 2024
In 2023, the value received by illicit cryptocurrency addresses amounted to US$24.2 billion, representing a 39% year-over-year (YoY) decline from US$39.6 billion in 2022, new data released by blockchain analysis firm Chainalysis reveal. Despite the notable drop and improvements, the prominence of sanction-related transactions and the growth of ransomware attacks remain key challenges for the industry to tackle.
Finextra
FEBRUARY 15, 2024
In an increasingly interconnected global economy, cross-border payments play a crucial role in facil.
Fintech News
FEBRUARY 15, 2024
In an increasingly globalised marketplace, small and medium-sized enterprises (SMEs) in Singapore are recognising the imperative need to expand beyond domestic confines, aspiring to capture international markets and forge global supply chains. This ambition, however, hinges on the capability to execute seamless cross-border transactions — a theme extensively explored in Mastercard’s Borderless Payments Report 2023.
Bank Automation
FEBRUARY 15, 2024
Financial institutions prioritize investment in cybersecurity technology but no matter how much they spend for protection, their systems and data remain vulnerable. “You could never say any organization is 100% secure and they’ll never be hacked,” Ray Kelly, fellow at cybersecurity company Synopsys Software Integrity Group, told Bank Automation News, noting that even the U.S.
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
Evolve Payment
FEBRUARY 15, 2024
Table of Contents Accelerating Accounts Receivable With B2B Payments Technology The days of cumbersome paper checks and out-of-PCI compliance snail-mail invoices are fading into the rearview mirror. An industry survey by the Association for Financial Professionals (AFP) found that check usage for business-to-business (B2B) payments declined to an all-time low of 33% in 2022.
Fintech News
FEBRUARY 15, 2024
Aligning with global trends, Southeast Asian tech investments recorded a considerable decline in 2023, influenced by increasing interest rates, high inflation and supply chain disruption. Despite the notable pullback, fintech continued to see traction from investors, with digital lending in particular witnessing an uptake. New reports released by Cento Ventures , a Singapore-based venture capital (VC) firm focused on technology startups, and Tracxn , a market intelligence platform, explore the s
Finextra
FEBRUARY 15, 2024
Lawsuits are flying between JPMorgan and Viva Wallet, the European cross-border payments platform in which the US bank acquired a 49% stake last year.
Bank Automation
FEBRUARY 15, 2024
Temenos AG plunged by nearly a third, slashing its market value by $2.1 billion, after Hindenburg Research took a short position and suggested serious flaws in the books of the Swiss provider of software for banks. The Swiss company denied the report, saying it contained “factual inaccuracies and analytical errors, together with false and misleading allegations.
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.
Finextra
FEBRUARY 15, 2024
Revolut has launched an AI-powered anti-scam feature to protect customers from falling victim to authorised push payment fraud.
Bank Automation
FEBRUARY 15, 2024
NCR Atleos reported that its self-service banking business continued to grow in the fourth quarter. NCR added more than 2,000 ATMs in the quarter, making the total number of active units 20,000, Chief Executive Tim Oliver said during NCR’s Q4 earnings call on Feb. 14.
Finextra
FEBRUARY 15, 2024
The United States has imposed sanctions on several companies and individuals for smuggling technology to the Central Bank of Iran (CBI).
The Fintech Times
FEBRUARY 15, 2024
Payments are arguably the face of fintech. When you think about financial technology, it is easy to think about solutions which are making payments faster, easier and more accessible. Buy now pay later (BNPL) has certainly taken the paytech world by storm. We previously discussed if the technology would be able to surpass credit cards due to its popularity.
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.
Payments Dive
FEBRUARY 15, 2024
Peer-to-peer transactions also contributed to a 4.8% increase in payments volume for the ACH Network last year over 2022.
The Fintech Times
FEBRUARY 15, 2024
A report by FXC Intelligence has highlighted the significant impact of India’s Unified Payments Interface (UPI) on cross-border payments, signaling the country’s emergence as a global economic leader and a frontrunner in digital payments innovation. UPI grew by 900 per cent in 2017 compared to the previous year and has since been rapidly adopted across India, with 117.6 billion transactions worth INR182trillion in 2023 alone.
Payments Dive
FEBRUARY 15, 2024
Adding a virtual card number feature “is about giving options to consumers when retailers do not support Apple Pay,” Creative Strategies President Carolina Milanesi said.
The Fintech Times
FEBRUARY 15, 2024
Payments are arguably the face of fintech. When you think about financial technology, it is easy to think about solutions which are making payments faster, easier and more accessible. While buy now, pay later (BNPL) has enjoyed significant growth in recent years, an air of uncertainty remains around the space – whether that be due to a degree of untrust (seen by some as a debt trap ) or because of increased regulatory pressures being placed on the space.
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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.
BioCatch
FEBRUARY 15, 2024
In a new paper, the U.S. Faster Payments Council (FPC) — the industry-led organization promoting payment-system improvements — argues more needs to be done beyond awareness campaigns and consumer education to stem the explosive growth of fraud in the space.
The Fintech Times
FEBRUARY 15, 2024
The Fintech Times Bi-Weekly News Roundup on Thursday 15 February 2024 brings you the latest updates from the global fintech industry. Appointments Forter appoints Anthony Barsoom as chief financial officer and Jim Howard as vice president of sales in the Americas. Barsoom most recently served as head of finance for Zoom and was previously CEO of fabric.com.
Finextra
FEBRUARY 15, 2024
In today's financial landscape, the growth of instant and account-to-account payments is countered by a rise in fraud. In this episode of Predict 2024, Ed Metzger, Vice President of Market Planning Payments Efficiency at LexisNexis® Risk Solutions, shares his forecast for emerging payment trends. Focusing on the impact on financial institutions and customers, we discuss how solutions like LexisNexis® Risk Solutions' Safe Payment Verification will enhance banking practices by verifying account ow
The Fintech Times
FEBRUARY 15, 2024
Merchants can now track their emissions and access voluntary carbon markets to mitigate their negative impact on the environment following a new partnership between the ESG-focused digital infrastructure provider, Fils and Telr , the online payment gateway. An increased green effort has sometimes resulted in unintentional greenwashing. However, following the collaboration between Telr and Fils, organisations will be able to demonstrate their positive impact on the environment with robust reporti
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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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