PCI Security Standards

OCTOBER 7, 2024

Welcome to our podcast series, Coffee with the Council. I'm Alicia Malone, Senior Manager of Public Relations for the PCI Security Standards Council. Today we'll meet one of the Council's newest employees, our Head of Product and Technology, Deanne Zettler. Deanne comes to the PCI SSC with more than 25 years of experience leading product and technology strategies, solutions and operations in financial services, including stops at Discover Financial Services and Silicon Valley Bank.

Product 109

Product Technology Security 109

Fintech News

OCTOBER 7, 2024

Capella Hotel Group has partnered with digital payment provider dtcpay to allow guests to pay using Digital Payment Tokens (DPTs). This option is now available at Capella Singapore and Patina Maldives, Fari Islands, where guests can settle their room bookings and other expenses with tokens like WUSD, USDT, USDC, Bitcoin, and Ethereum. At Capella Singapore, guests can complete transactions by scanning a QR code at the front desk using their digital wallets with the supported DPTs, while Patina Ma

Stablecoins 121

Stablecoins Payments Digital Payments Bitcoin 121

Payments Dive

OCTOBER 7, 2024

Fiserv has allowed Zūm Rails to use its embedded finance system to bring open banking and instant payments to Fiserv’s U.S. business customers.

Embedded Finance 109

Embedded Finance Instant Payments Finance Payments 109

Bank Automation

OCTOBER 7, 2024

Some financial institutions are decreasing their branch footprint as bank clients increasingly adopt digital offerings while Bank of America and JPMorgan are investing in their branch capabilities to meet evolving client needs. The case for expanding branch networks lies in evolving customer preferences, the role of the branch and tailored solutions, Joe Myers, executive vice […] The post Bank of America, JPMorgan invest in branch networks appeared first on Bank Automation News.

Automation 111

Automation Posting 111

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

Payments

Fintech News

OCTOBER 7, 2024

Banking software provider Temenos has named Barb Morgan as its new Chief Product and Technology Officer, effective immediately. She succeeds Prema Varadhan , who is leaving Temenos after 25 years. She will report to CEO Jean-Pierre Brulard and join the company’s Executive Committee, leading its technology and product divisions. Morgan brings over 25 years of experience in product development, with a focus on banking and financial services and expertise in AI technologies.

Product 112

Product Technology AI Continuity 112

Payments Dive

OCTOBER 7, 2024

The number of banks receiving real-time payments will outpace the number of those sending payments through at least 2028, according to a new survey by the U.S. Faster Payments Council.

Real Time Payments 88

Real Time Payments Faster Payments Payments 88

Finextra

OCTOBER 7, 2024

The value of ecommerce fraud is set to rise threefold in the next five years, thanks to the impact of AI.

AI 121

AI 121

Fintech News

OCTOBER 7, 2024

Digital bank GXS has launched the GXS FlexiCard , a credit card that charges flat fees on outstanding balances rather than traditional revolving interest. This card is designed for consumers who may struggle to access credit products due to being new to credit or having limited credit history, such as new professionals, gig workers, and entrepreneurs, offering a credit limit of S$500.

Credit Cards 108

Credit Cards Credit Limit Product Transactions 108

Clearly Payments

OCTOBER 7, 2024

The COVID-19 pandemic has reshaped industries and economies worldwide. Among the sectors affected is the payment processing industry , which has undergone rapid transformation in response to the unprecedented challenges posed by the pandemic. As of 2024, it is clear that the changes initiated during the pandemic are not just temporary adjustments but enduring shifts that continue to define the industry’s trajectory.

Cross-Border 88

Cross-Border Processors Multi-Currency Contactless Payments 88

Fintech News

OCTOBER 7, 2024

Japan’s JCB International has expanded its partnership with Canadian payments firm Nuvei. This enables businesses in Singapore and Hong Kong to accept JCB credit and debit card payments through Nuvei’s platform. The partnership allows merchants integrated with Nuvei to accept payments from JCB’s 158 million cardholders. This expansion builds on their existing collaboration in Europe and strengthens Nuvei’s presence in the Asia-Pacific e-commerce market.

Alternative Payment Methods 103

Alternative Payment Methods APACS Debit Card Volume 103

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Use Case

Fintech Finance

OCTOBER 7, 2024

New data from digital transformation consultancy Daemon reveals that over half (60%) of Brits still prefer a traditional checkout with a cashier when shopping in-store. This figure climbs to 71% among Baby Boomers, compared to just 59% of Millennials and 46% of GenZ. Interestingly, 56% of GenZ favour service assisted checkouts, a preference that declines with age, with only 51% of Millennials and 40% of Baby Boomers opting for this method.

Research 95

Research Debit Card Consulting Continuity 95

Fintech News

OCTOBER 7, 2024

StraitsX, a digital asset payments infrastructure provider in Southeast Asia, announced that crypto exchange Bitstamp has added XSGD to its platform. XSGD is a stablecoin pegged to the Singapore dollar, issued by StraitsX. This listing increases the accessibility of XSGD for international transactions, potentially leading to faster settlement times and lower costs for users.

Cross-Border Payments 105

Cross-Border Payments Stablecoins Cross-Border APACS 105

Payments Dive

OCTOBER 7, 2024

These retailers have focused on innovative ways to create tailored services that align with their overall luxury shopping experience.

Innovation 78

Innovation Payments 78

Finovate

OCTOBER 7, 2024

We all know that the VC investment scene is nothing like it was in 2021 and early 2022. With Q3 of 2024 behind us, we now know that fintech is still experiencing a funding downturn. In fact, both deal numbers and funding totals are down from Q2 of this year, with 179 fewer deals and $2.4 billion less in funding volume. While the drop is sobering, however, there are a few bright lights in recent funding data that may signal the potential start of a positive turnaround.

FinTech 75

FinTech Volume Innovation Posting 75

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

Best Practices

Fintech Finance

OCTOBER 7, 2024

New fraud protections have come into effect today (7th October), and the personal finance comparison site Finder has revealed that only 4 out of 21 major banks have decided to definitely cover the first £100 of any APP (authorised push payment) fraud. APP fraud is when a fraudster tricks you into sending money from your account to an account that they control, for example by selling items online that don’t exist or pretending to be from your bank.

Rules 84

Rules Research Finance Accounts 84

The Paypers

OCTOBER 7, 2024

US-based multinational technology corporation Meta has expanded its information-sharing partnership with banks across the UK to safeguard individuals against fraud and scams.

Scams 76

Scams Mitigation Technology 76

Fintech Finance

OCTOBER 7, 2024

A new global report has revealed significant gaps in supplier management practices among financial institutions. The Supplier Stability in Operational Resilience Report highlights that over 32% of the organisations surveyed are unclear about who is responsible for mitigating the risks of supplier failure, service deterioration, and concentration risk for Software as a Service (SaaS) solutions.

Risk 81

Risk Regulatory Compliance Risk Management Mitigation 81

The Paypers

OCTOBER 7, 2024

American Express Middle East has announced its partnership with Telr in order to expand its acceptance on the latter’s merchant network in the MENA region.

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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.

Payments

Finovate

OCTOBER 7, 2024

Property data innovator Chimney announced a new collaboration with digital banking solutions provider Jack Henry. The collaboration will make Chimney’s product suite available on Jack Henry’s digital banking platform. Chimney won Best of Show at FinovateFall 2023 in New York. Previously known as Signal Intent, the company also won Best of Show at our online FinovateSpring conference in 2021.

Credit Union 64

Credit Union Product Innovation Accounts 64

The Paypers

OCTOBER 7, 2024

Google has partnered with Muthoot Finance in order to expand its reach in the Indian market and boost its credit play for customers in the region.

Finance 81

Finance 81

Finovate

OCTOBER 7, 2024

TrueLayer secured an additional $50 million in funding, bringing its Series E round total to $180 million. TrueLayer’s valuation has dropped to $700 million from its peak of $1 billion in 2021. Despite the downround, TrueLayer remains optimistic about its future, stating its intentions to work toward profitability. Open banking platform TrueLayer is proving that it is not just AI companies that are receiving VC investor attention.

Credit Cards 59

Credit Cards Settlement Payments Tools Payment Networks 59

The Paypers

OCTOBER 7, 2024

Central and commercial banks have revealed that they will be able to use the Swift network for trial transactions related to digital currencies and assets.

SWIFT 74

SWIFT Transactions Digital Currency 74

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.

Continuity

Finextra

OCTOBER 7, 2024

XYB, the leading Coreless Banking Platform business, has announced its plans to help banks modernise their core systems. XYB is working with global tech leader IBM to provide technologies and consulting expertise that can help financial services organisations address the growing requirements for core modernisation initiatives.

Consulting 59

Consulting Addressing Technology 59

The Paypers

OCTOBER 7, 2024

Zepz , formerly known as WorldRemit, has secured USD 267 million from both new and existing investors to support its expansion in some African markets.

Security 68

Security 68

Finextra

OCTOBER 7, 2024

Worldline [Euronext : WLN], a global leader in payment services, announces the appointment of Paul Marriott-Clarke as Head of Merchant Services business, effective 7 October 2024.

Payments 52

Payments 52

The Paypers

OCTOBER 7, 2024

Banks across the UK have been granted the ability to delay payments for up to four days, allowing them to have more time to investigate fraudulent transactions.

Transactions 65

Transactions Payments 65

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The Fintech Times

OCTOBER 7, 2024

In a move to offer accredited investors the ability to capitalise on Bitcoin’s long-term growth while ensuring capital preservation, the National Bank of Bahrain (NBB) has launched a new Bitcoin-linked investment product, developed in partnership with digital asset financial services firm ARP Digital. During an unveiling at Fintech Forward 2024, an industry fintech event held in Riyadh, Saudi Arabia, the National Bank of Bahrain revealed that through its new Bitcoin-linked structured product, ac

Bitcoin 52

Bitcoin Product Security Accreditation 52

The Paypers

OCTOBER 7, 2024

Visa has decided to launch a new platform for banks to issue fiat-backed tokens, including stablecoins and tokenized deposits.

Stablecoins 74

Stablecoins 74

The Fintech Times

OCTOBER 7, 2024

Artificial intelligence (AI) can help accelerate banks’ productivity however it can be challenging to integrate. Looking to make this process more seamless, Backbase , the engagement banking platform, has introduced its Intelligence Fabric layer. Intelligence Fabric will allow banks to embed a powerful set of data and AI infrastructure and development into their platforms.

AI 52

AI Non-Bank Compliance Payment Gateways 52

Fintech News

OCTOBER 7, 2024

Capella Hotel Group has partnered with digital payment provider dtcpay to allow guests to pay using Digital Payment Tokens (DPTs). This option is now available at Capella Singapore and Patina Maldives, Fari Islands, where guests can settle their room bookings and other expenses with tokens like WUSD, USDT, USDC, Bitcoin, and Ethereum. At Capella Singapore, guests can complete transactions by scanning a QR code at the front desk using their digital wallets with the supported DPTs, while Patina Ma

Stablecoins 52

Stablecoins Digital Payments Payments Bitcoin 52

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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.

Payments