Stax

OCTOBER 1, 2024

Acquisition of BlockChyp brings new technology and industry expertise to Stax, furthering its evolution as a leading payment processor ORLANDO – October 1, 2024 – Stax , a leading payment technology provider, today announced its acquisition of BlockChyp , further expanding the company’s end-to-end processing capabilities. The addition of BlockChyp marks a significant, strategic expansion of Stax’s growing technology stack to drive increased value for partners and merchants and accelerate growth.

Payment Gateways 197

Payment Gateways Gateways Payment APIs and Integration Embedded Payments 197

Payments Dive

OCTOBER 1, 2024

The Federal Reserve’s interest rate reduction may give the company leeway to offer more consumers 0% interest or a lower APR, Affirm CFO Michael Linford said this week.

Federal Reserve 173

Federal Reserve Fed Consumer 173

PCI Security Standards

OCTOBER 1, 2024

From 1 October to 1 November, eligible PCI SSC stakeholders are invited to review and provide feedback on the draft PCI PIN Transaction Security (PTS) Point of Interaction (POI) Modular Security Requirements v7.0 during a 30-day request for comments (RFC) period.

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Request for Comment Security Transactions Participant 113

Payments Dive

OCTOBER 1, 2024

The company added $1.5 billion to a litigation escrow account as it battles a Justice Department lawsuit and ongoing legal case with merchants.

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Legal Accounts 156

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 News

OCTOBER 1, 2024

Global payments company Thunes has strengthened its partnership with Siam Commercial Bank (SCB) to enhance international remittance services through the SCB EASY app. This collaboration will allow SCB customers to send money instantly to 26 countries in 17 currencies with increased transparency and reliability. Through Thunes’ Direct Global Network, SCB EASY app users can transfer funds in real-time to destinations such as Australia, Canada, Cambodia, China, Denmark, Finland, India, Indone

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Treasury On-Demand Compliance Global Payments 131

Finextra

OCTOBER 1, 2024

The UK's Post Office is no longer offering MoneyGram services in the wake of a serious cyber security incident at the American money transfer giant.

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Posting Security 128

Basis Theory

OCTOBER 1, 2024

It’s hard to argue the role PCI compliance plays in today’s digital economy. Today, the framework introduced in the early 2000s outlines 12 PCI requirements that merchants must satisfy to process credit card transactions on the card networks. By outlining, defining, and enforcing standards for storing, processing, and transmitting cardholder data, the Payment Card Industry Security Standard (PCI DSS) gave organizations a security framework that brought trust and commerce to the internet.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

Fintech News

OCTOBER 1, 2024

Siam Commercial Bank ( SCB ) has selected Databricks’ Data Intelligence Platform to centralise its data and AI assets. This move is part of its broader digital transformation efforts, including an upgrade to its core banking system. With over 17 million customers and 1.5 billion monthly transactions, SCB will use the Databricks platform, built on Microsoft Azure, to enhance its data management and personalised banking services.

AI 122

AI Accreditation Governance Government 122

The Fintech Times

OCTOBER 1, 2024

Seventeen cities across Colombia will now have access to inDrive Money, a service that offers income-based financing to drivers, as inDrive , the global mobility and urban services platform expands its service into the country. Drivers will now be able to access cash loans of up to COP 1,000,000 ($240) for a flexible period of three to five months.

Financial Inclusion 104

Financial Inclusion Underserved Origination Finance 104

NFCW

OCTOBER 1, 2024

NFC TAGS: The chips are being added to ski jump suits to monitor competitors’ adherence to regulations NFC chips are to be added to competition-level ski jump suits to monitor whether competitors are adhering to regulations. The sport’s governing body, FIS , is restricting the number of suits competitors can use during the World Cup and other major world-class events from next winter, so gluing NFC chips to the individual parts of each suit will enable precise measurements to be taken quic

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CHIPS Rules Regulations Governance 100

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

Fintech Finance

OCTOBER 1, 2024

ebankIT has established a partnership with Neural Payments, focusing on shaping innovation designed for real people and the way they live – a priority aligned with Neural Payments’ own. As a Marketplace Partner, Neural Payments will be able to integrate its flagship white-label peer-to-peer (P2P) payments platform and other payments solutions into the ebankIT platform to enhance client financial institutions’ digital offerings, making payments and funds transfers easier, faster and more secure a

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P2P Payments Funds Transfer Payment Solutions 98

Fintech Review

OCTOBER 1, 2024

By James Roberts , Digital Marketing Manager at FullCircl. A new focus on digital identity verification As the financial landscape continues to evolve, the importance of Anti-Money Laundering ( AML ) and Know Your Customer (KYC) processes has never been more pronounced. These protocols are integral to combating financial crime and ensure regulatory compliance.

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AML Verification Research Consumer 98

Fintech Finance

OCTOBER 1, 2024

Thunes , the Smart Superhighway to move money around the world, has expanded its collaboration with Siam Commercial Bank (SCB) , Thailand’s premier digital bank, a longstanding Member of the Thunes’ Direct Global Network. This alliance aims to enhance SCB’s international remittance services through the SCB EASY app, giving its customers access to instant, transparent and dependable transfers to 26 countries in 17 currencies.

Treasury 98

Treasury On-Demand Transactions Compliance 98

Fintech News

OCTOBER 1, 2024

Singapore Gulf Bank ( SGB ), an upcoming digital bank, has appointed Ali AlShamma as Chief Financial Officer and Elaine Leong as Chief Operating Officer. AlShamma brings extensive experience from his roles as CFO at Goldman Sachs Saudi Arabia and Citigroup Saudi Arabia, while Leong joins SGB from Sygnum and GIC. These appointments come as SGB prepares to launch in November 2024.

Finance 111

Finance Innovation FinTech Posting 111

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

Fintech Finance

OCTOBER 1, 2024

On the sidelines of the 79th United Nations General Assembly in New York, Flutterwave’s CEO, Olugbenga “GB” Agboola, highlighted the company’s instrumental role in expanding market access for African businesses. He expressed this during a high-profile panel session titled “Connecting the Next Billion Customers” at Semafor’s Next 3 Billion Summit in New York.

Payment Solutions 98

Payment Solutions Government Governance Payments 98

Fintech News

OCTOBER 1, 2024

HSBC Singapore has reportedly become the first bank in the country to introduce Singpass Face Verification (SFV) for in-app provisioning on its mobile app. This feature enhances security by allowing users to verify their identity through Singpass, streamlining the process while aligning with new industry requirements. These changes, mandated by the Monetary Authority of Singapore (MAS), aim to strengthen security measures across digital banking to combat rising fraud and scams.

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Verification Security Scams Authentication 108

Fintech Finance

OCTOBER 1, 2024

OwlTing Group (“Company”), a global blockchain fintech company, today announced plans to implement Visa Direct solutions under a global agreement with Visa, a world leader in digital payments to provide real-time cross-border payments for individual and business customers. This agreement will provide OwlTing an opportunity to potentially reach over 8.5 billion endpoints[1] in Visa’s payment network worldwide.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Payments Agreements 98

Fintech News

OCTOBER 1, 2024

Payments giant Mastercard has agreed to acquire Minna Technologies, a company that helps consumers manage subscriptions through banking apps and websites, pending regulatory approval. The acquisition aims to enhance Mastercard’s suite of services by offering consumers an easier way to handle their subscriptions. With the global subscription market growing rapidly—currently at 6.8 billion and expected to reach 9.3 billion by 2028, according to Juniper Research—Mastercard sees an opportunity

Visa 105

Visa Acquirers Economy Consumer 105

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AI

Fintech Finance

OCTOBER 1, 2024

Tink , a Visa Solution, has today launched ‘Merchant Information’ to provide consumers with a more detailed overview of their transactions. Merchant Information, a solution within Tink’s Consumer Engagement offering, means banking app transactions are shown with a clear brand name, logo, location, and merchant contact details – reducing the need for consumers to contact their bank to enquire about transactions they don’t recognise.

Transactions 98

Transactions Consumer Non-Bank Fraud Prevention 98

Fintech News

OCTOBER 1, 2024

Maybank Singapore Limited has named Datuk Yee Yang Chien as its new Chairman, effective 1 October 2024. Datuk Yee was appointed as a Non-Independent Non-Executive Director of Maybank in November 2023, and then to the Maybank Singapore board in August 2024. He succeeds Datuk R. Karunakaran, who retired on 30 September after serving as Chairman since 2018.

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Non-Bank Audit Research Innovation 105

Fintech Finance

OCTOBER 1, 2024

As eCommerce sales continue to hit record highs, merchants around the globe are seeing a correlated rise in illegitimate disputes by cardholders through card-not-present (CNP) transactions. This unfortunate trend is directly affecting the price of goods and services for consumers, and has led retailers to adopt stricter policies and AI-driven tools to protect their revenue.

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Disputes Transactions Addressing AI 98

Clearly Payments

OCTOBER 1, 2024

The main cost for merchants to accept credit cards is the interchange fee , a fee paid by merchants to the card-issuing bank each time a credit card transaction is processed. This article covers the interchange fees associated with contactless payments compared to other credit card payment methods, such as online transactions and traditional swipe methods.

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Contactless Payments CHIPS Credit Cards EMV 81

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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

Fintech Finance

OCTOBER 1, 2024

Omnichannel payment gateway Paybyrd has chosen Mangopay , a modular and flexible payment infrastructure provider for platforms, to provide a bespoke solution that will optimise the management of funds for the merchants it supports, including TAP Air Portugal, Decathlon and Vila Galé Hotels, among others. Paybyrd provides online and in-store payment orchestration for more than 2,200 clients in the retail, travel, hospitality and technology sectors.

Payment Gateways 98

Payment Gateways Gateways Multi-Currency IBAN 98

NACHA

OCTOBER 1, 2024

Nacha’s Payments Innovation Alliance Launches New Spotlight! Payments Video Challenge bjaffe@nacha.

Innovation 98

Innovation Payments 98

Fintech Finance

OCTOBER 1, 2024

Ecommpay , the inclusive global payments platform, today announced the extension of its partnership with Token.io , a leading account-to-account (A2A) payment infrastructure provider. Ecommpay has added Token.io’s virtual accounts in four new markets — the Netherlands, Spain, France and Ireland — to Ecommpay Open Banking Advanced, delivering important cash-flow and customer experience benefits for e-commerce businesses.

IBAN 98

IBAN Financial Inclusion Settlement Payments 98

Finovate

OCTOBER 1, 2024

Mastercard has agreed to acquire subscription management platform Minna Technologies. Terms were not disclosed. Minna Technologies offers technology that enables users to manage their subscriptions from within their bank app or website, saving users millions of dollars in spending on unwanted subscriptions. Minna Technologies made its Finovate debut at FinovateEurope 2019.

Visa 69

Visa Acquirers Technology Fraud Prevention 69

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End User

Fintech Finance

OCTOBER 1, 2024

Trustpair , leading vendor fraud prevention platform for multi-national corporates, has now enhanced its capability to verify global bank account information and extended its comprehensive coverage collaborating with Confirm, an application developed by Onyx by J.P. Morgan, the firm’s blockchain business unit, which provides scalable solutions and creates ecosystems that transform the way information, money and assets move.

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Account Validation Accounts Fraud Prevention Blockchain 97

Finextra

OCTOBER 1, 2024

Artificial intelligence is set to revolutionise the wealth management industry, with nine in 10 investors believing the technology can used effectively for researching financial products and service.

AI 69

AI Research Product Technology 69

Fintech Finance

OCTOBER 1, 2024

Facit Bank , a digital first bank specializing in deposits and consumer loans to private customers, announces a partnership with Neonomics to introduce open banking within their invoicing and payments. As a digital-only bank, Facit Bank are able to offer highly competitive loan rates and ensure a seamless, fully digital customer experience and have focused on finding the most efficient means of delivering services to their customers and partners.

Payments 94

Payments Finance Innovation Consumer 94

The Fintech Times

OCTOBER 1, 2024

Cardaq , a card issuing and acquiring specialist serving low and medium-risk businesses, has selected a solution from Kani Payments , the global data reconciliation and reporting platform, to support its regulatory and compliance reporting, as well as other payment functions. Cardaq will benefit from the solution from Kani Payments which also supports reconciliations, QMR reporting, Mastercard fee and invoice analysis, interchange and acquiring fee analysis.

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Reconciliation Compliance Automation Regulatory Compliance 69

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.

Embedded Finance