Thu.Jan 25, 2024

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Rivals may chase Fiserv special bank charter lead

Payments Dive

If the payments giant receives a special Georgia charter and gains access to the card networks, it could open the floodgates for other merchant acquirers, attorneys said.

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PayPal unveils AI-based products

Finextra

PayPal has unveiled a host of new AI-driven features for the new year but the plans failed to convince the market, with the payment giant's shares down more than four per cent in afternoon trading.

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PayPal and Venmo Unveil Six New Innovations to Revolutionize Commerce

PayPal

Company introduces reimagined checkout and guest checkout experiences, new advanced offers platform for merchants, and new consumer app to earn cash back and give customers more reasons to shop with PayPal New Venmo enhancements enable local small businesses to be discovered and grow

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PayPal floats service enhancements

Payments Dive

PayPal this year plans to roll out the “biggest changes in a decade” to its pioneering payments tool in a bid to better serve merchants and customers.

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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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How digital bank apps enhance customer experience

Payments Next

By Gaurav Mittal, Executive Vice President, Ethoca In the 15 or so years since the introduction of smartphones, most people can’t imagine The post How digital bank apps enhance customer experience first appeared on Payments NEXT.

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Klarna Launches New Subscription Service– Is It Worth It?

Finovate

Klarna launched Klarna Plus , a subscription tool that offers users premium benefits and access to exclusive offers. For $7.99, users receive extra rewards points, a waived service fee for purchases made at retailers that are not in the fintech’s network, and exclusive discounts at retailers. Klarna counts 150 million active users who make two million transactions every day using its platform.

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More Trending

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ServiceNow Lands AI Partnerships with Visa and EY

Fintech News

ServiceNow, a provider of digital workflow services, has recently broadened its partnership with both EY and Visa, focusing on AI-driven compliance solutions and the transformation of payment services. These collaborations mark another noteworthy step in the integration of advanced AI technologies in compliance and financial services. ServiceNow Gen AI to help EY risk management The alliance with EY involves ServiceNow offering solutions in generative AI (Gen AI) for compliance, governance, and

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Maryland EWA legislation draws protest

Payments Dive

A Maryland bill calling for some earned wage access providers to be registered and licensed has triggered opposition from fintech advocates.

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Swedish central bank files police report after IT firm hit by ransomware attack

Finextra

Sweden's Riksbank has filed a police report after a ransomware attack on software firm Tietoevry knocked out some of the central bank's IT systems.

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Biometric card pioneer backs away from payments citing lower-than-expected market uptake

NFCW

BIOMETRIC PAYMENT CARDS: “Neither market adoption nor the [expected] pace of commercial launches has materialized”, says Zwipe Biometric card pioneer Zwipe is shifting its focus from payments to instead target the access control market after seeing disappointing market adoption of biometric payment cards. “As a result of the change in strategic focus, the company has initiated a restructuring process that is expected to reduce operational costs, particularly related to Zwipe P

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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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European Fintech Funding: Zilo nabs $31M in series A

Bank Automation

Venture funding fell in 2023 as investors took uncertain macroeconomic conditions into account and doubled down on due diligence. Global venture funding in 2023 stood at $248.4 billion, down 42% year over year, its lowest point since 2017, according to a Jan. 4 State of Venture 2023 report by business analytics provider CB Insights.

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Venmo, Zelle and Cash App leave users vulnerable to fraud - Manhattan DA

Finextra

Manhattan's district attorney has written to the firms behind Venmo, Zelle and the Cash App, calling on them to up their security measures in the face of growing fraud.

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IBM sees strong demand for AI, cloud modernization

Bank Automation

IBM clients continue to prioritize digital transformation through the cloud and investment in AI as tech spend remains strong across the banking industry.

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Digital pound consultation: User privacy and access to cash key concerns

Finextra

The UK Government has vowed to pass primary legislation guaranteeing user privacy in the event of a future digital pound

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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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71% of UK and US Banking Institutions Concerned About Regulatory Processes; AutoRek Reveals

The Fintech Times

The majority of banking institutions feel they are not well enough equipped to accommodate any further regulatory change from an internal processes perspective; according to AutoRek , a fintech looking to set new standards in financial data automation. Of 500 banks surveyed by AutoRek across the US and UK, 71 per cent agree that their financial control processes are not robust or flexible enough to accommodate more regulatory change or scrutiny.

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E-money takes centre stage: 8 trends fueling EMIs growth in banking

Finextra

Uldis Tēraudkalns, CEO of Nexpay We’ve come a long way since Electronic Money Institutions (EMIs) fi.

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Podcast: Emerging tech key to long-term success for FIs

Bank Automation

Financial institutions are looking to their infrastructure and platforms to determine where to overhaul their tech in 2024.

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Securing digital transactions: The global shift towards embedded payments

Finextra

Jennifer Marriner, Global Head of Acceptance at Mastercard, discusses how tokenization and embedded experiences are enhancing the digital checkout process in the year ahead. Focusing on the global rollout of solution technologies, such as Mastercard’s ‘Click to Pay,’ we tackle the concerns raised from fragmented customer experiences and how they are being addressed.

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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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ieDigital Capitalises on ABAKA AI-Recommendation Software Through Aquisition

The Fintech Times

Banking products, savings accounts and retirement solutions are the products most likely to be bought by financial services consumers. This has been revealed as a result of ABAKA , the AI-recommendation engine platform, and its machine learning and behavioural segmentation software. Looking to capitalise on this technology, fintech ieDigital has acquired the platform.

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Torpago and Marqeta launch Sunwest Bank card programme

Finextra

Torpago, a commercial credit card and spend management provider, Marqeta, strategic partner of Torpago and the global modern card issuing platform, and Sunwest Bank, a leading entrepreneurial business bank, announce the launch of Sunwest Visionary Card, Sunwest’s commercial credit card and expense management solution. Combining a cloud-native, event-driven infrastructure with Marqeta’s modern card issuing API, Torpago ‘Powered By’ empowers Sunwest to launch a market-leading, bank-branded credit

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Credit Options Becoming More Accessible in the Philippines Says Digido

The Fintech Times

In its latest survey, consumer finance company Digido found that 80 per cent of Filipinos believe that formal credit options became more accessible in 2023. Overall, 42 per cent of respondents to Digido believed that the degree of accessibility of formal credit options remained unchanged and claimed to be usually approved when applying for it. Meanwhile, the remaining 38 per cent revealed that their access to formal credit has improved in 2023 compared to 2022.

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US community currency Bilt Rewards scores $200 million fund raise

Finextra

Defying the downturn in fintech, US loyalty platform Bilt Rewards has scored a massive $200 million fundraise, catapulting the value of the company to $3.1 billiomn.

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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.

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Visa and Red Bull Formula One Teams Announce Global Partnership

Fintech Finance

The Formula One grid is charging into the 2024 season with a new look and new support. Red Bull F1 Teams and Visa (NYSE: V) have announced an unprecedented multi-year agreement where Visa will become the first global partner of both Red Bull F1 teams, bringing a new look team to the F1 grid in the form of Visa Cash App RB, formerly Scuderia AlphaTauri.

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Colombian fintech FinZi acquired by Girasol Payment Solutions

Finextra

Girasol Payment Solutions has successfully completed the acquisition of 100% of FinZi as part of its strategy to enter the Colombian and South American markets.

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Paymob, Mastercard team up to boost digital payment acceptance in MENA

Fintech Finance

Paymob , the leading financial services enabler in the Middle East, North Africa and Pakistan (MENA-P), has announced a partnership with Mastercard to accelerate digital payment acceptance across the MENA region. The strategic omnichannel partnership will leverage Paymob’s payments infrastructure and Mastercard’s payments technology to scale the adoption of low-cost solutions among micro, small and medium-sized businesses (MSMEs) in key markets.

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Mastercard bids to kill passwords with new biometric service

Finextra

Mastercard is hoping to consign passwords to the history books with a new biometric authentication service.

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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.

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ComplyAdvantage and FullCircl: Mastering PEP Risks in a Year of Political Change

The Fintech Times

As we foray into 2024, politically exposed persons (PEPs) continue to produce significant challenges across the globe. This is especially true for financial services organisations, which need to balance the potential risks of dealing with PEPs, as well as protecting the right to access banking service. While it is clear that organisations need to develop a risk-based approach to address PEP-related risks in the coming year, it is less obvious how they can begin to do this.

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Mondu raises EUR 30 million in debt financing round

The Paypers

Germany-based B2B BNPL payments provider Mondu has raised EUR 30 million in a debt financing round from Vereinigte Volksbank Raiffeisenbank (VVRB).

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ServiceNow builds disputes management system with Visa

Finextra

ServiceNow (NYSE: NOW), the leading digital workflow company making the world work better for everyone, announced today a five-year strategic alliance with Visa, a world leader in digital payments, to transform payment services.

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FX in APAC and What It Means for Businesses in the Region

Currencycloud

Foreign Exchange (FX) is the global practice of trading one currency with another, with trillions of dollars changing hands daily: it is the world’s largest and most liquid market. FX rates are by nature volatile, shaped by market forces of supply and demand, monetary conditions, capital controls and global regulation.

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Secure SaaS Success: Embedded Finance as a Competitive Advantage

Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms

Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.