Payments Dive

SEPTEMBER 19, 2024

"While rewards may feel like a bonus for those who use credit cards regularly, they ultimately come at a cost," writes one payments executive.

Credit Cards 166

Credit Cards Payments 166

Finextra

SEPTEMBER 19, 2024

Voice cloning scams – where fraudsters use AI technology to replicate the voice of a friend or family member – could be set to catch millions out, according to new research from Starling Bank.

Scams 122

Scams AI Research Technology 122

Fintech News

SEPTEMBER 19, 2024

Thailand’s Lightnet and Hong Kong-based fintech unicorn WeLab have teamed up to apply for a virtual bank license in Thailand. The aim is to enhance financial access for underserved retail customers and small businesses. Lightnet, co-founded by Chatchaval Jiaravanon and Lightnet Group, has a strong local presence, reaching 46 million Thai customers across sectors like agriculture, F&B, and e-commerce.

Underserved 122

Underserved Cross-Border Financial Inclusion Interoperability 122

Finextra

SEPTEMBER 19, 2024

HSBC has successfully trialled the first application of quantum-secure technology for buying and selling tokenised physical gold.

Technology 131

Technology Security 131

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

The Payments Association

SEPTEMBER 19, 2024

Latham & Watkins has launched the Markets in Crypto-Assets Regulation Tracker, an online tool providing crypto businesses with up-to-date information on navigating the evolving MiCA regulatory framework.

Regulations 88

Regulations Digital Currency 88

Finextra

SEPTEMBER 19, 2024

Walmart is teaming up with Fiserv to let online shoppers pay directly, and instantly, from their bank accounts.

Payments 138

Payments Accounts 138

Finextra

SEPTEMBER 19, 2024

Lighthub Asset, a Thai fintech powerhouse, and WeLab, a leading pan-Asian fintech platform, today announced that they have submitted an application for a Virtual Banking licence with the Bank of Thailand (BOT).

Bots 102

Bots FinTech 102

Payments Dive

SEPTEMBER 19, 2024

The card services company argued Wednesday that it has always been upfront with customers about fees, and was blindsided by the CFPB's legal action.

CFPB 88

CFPB Legal Card Services 88

Bank Automation

SEPTEMBER 19, 2024

TD Bank named Raymond Chun its incoming chief executive today after current CEO Bharat Masrani announced plans to retire in April. Chun, who serves as the bank’s group head of Canadian personal banking, will become chief operating officer Nov. 1 as he plans to step up as CEO on April 10, Masrani said today during […] The post TD Bank names Chun as CEO appeared first on Bank Automation News.

NOV 85

NOV Automation Posting 85

Fintech Finance

SEPTEMBER 19, 2024

Crypto.com has received full approval to provide payment service provider (PSP) services from the Central Bank of Bahrain through its subsidiary registered in the Kingdom of Bahrain under the commercial name “FORIS GFS BH B.S.C. CLOSED”, adding to the company’s significant regulatory milestones in the region. The PSP licence will allow Crypto.com to expand its offerings of e-money and fiat-based payment services regionally, including the launch of its world-renowned prepaid cards.

Central Bank 104

Central Bank Service Provider Payment Service Provider (PSP) Regulatory Compliance 104

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

Payments Dive

SEPTEMBER 19, 2024

The fintech aims to capture a larger share of the B2B payments market, working with partners in addition to selling directly, Brex's president said.

Embedded Payments 78

Embedded Payments Payments Tools B2B Payments 78

Fintech Finance

SEPTEMBER 19, 2024

Vietnam Maritime Commercial Joint Stock Bank (HoSE: MSB) has signed a strategic cooperation agreement with TerraPay , a global money movement company. This collaboration will bring digital payment solutions and data capabilities to help MSB enhance efficiency and offer the best payment service experience to customers by bringing down costs and reducing transaction times.

Cross-Border 98

Cross-Border Cross-Border Payments Agreements Global Payments 98

Bank Automation

SEPTEMBER 19, 2024

Open banking regulation set to finalize this fall will boost small- and medium-sized-enterprise access to financial services, experts said this week in the Bank Automation News webinar, “The future of open banking – Payments meet data.” “I see SMEs as one of the biggest winners from an open banking, open finance perspective,” Michelle Beyo, chief […] The post SMEs ‘one of the biggest winners’ of open banking appeared first on Bank Automation News.

Automation 80

Automation Regulations Finance Posting 80

Fintech Finance

SEPTEMBER 19, 2024

The number of contactless payments in Canada increased by 17% in 2023 to reach 63% of all in-store payments, according to the recently released Canadian Payments Forecast, 2024, published by Technology Strategies International Inc. The value of contactless payments increased by more than $80 bn over the year representing a year-on-year growth of 20%.

Contactless Payments 98

Contactless Payments Transactions Credit Cards Mobile Payments 98

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

SEPTEMBER 19, 2024

Deutsche Bank is to shutter a “mid-double-digit number” of branches while investing in telephone and video channels for providing personal advisory services to customers.

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Fintech Finance

SEPTEMBER 19, 2024

Stripe , a financial infrastructure platform for businesses, has announced that it has been selected by Canadian home and commercial services leader, Enercare , to power its online payments experience. As one of Canada’s largest home services providers, Enercare provides heating, cooling, water heating, plumbing, electrical, and water purification products and services to customers across Canada.

Payment APIs and Integration 97

Payment APIs and Integration Payments Blocks API 97

Finextra

SEPTEMBER 19, 2024

Singapore's dtcpay is teaming up with Visa on a card that enables ultra high net worth individuals to convert their digital currencies such as stablecoins into fiat at real-time rates.

Stablecoins 72

Stablecoins Digital Currency 72

Fintech Finance

SEPTEMBER 19, 2024

New research published today by Adyen , the global financial technology platform of choice for leading businesses, has uncovered the importance of a frictionless payment experience for hotel customers, with over a third (37%) of consumers admitting to have left the booking process because they haven’t been able to pay the way they would like. The findings published in Adyen’s first Global Hospitality Report, suggest the payment experience could be impacting hotel revenues.

Research 96

Research BNPL Payments Returns 96

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Payments Dive

SEPTEMBER 19, 2024

Affirm makes money off transactions, whereas Klarna has revenue from marketing, Affirm CEO Max Levchin contended.

Transactions 78

Transactions 78

Finextra

SEPTEMBER 19, 2024

NAB has extended its long-term agreement with Amazon Web Services (AWS) as part of its multi-cloud strategy that continues to bolster the bank’s technology capability to improve customer experiences.

Agreements 69

Agreements Continuity Technology 69

The Paypers

SEPTEMBER 19, 2024

Sumsub has integrated its Travel Rule solution with the Sygna Travel Rule protocol to allow crypto and fintech clients to communicate with VASPs in the Sygna ecosystem.

Travel Rule 77

Travel Rule Rules FinTech 77

Fintech Finance

SEPTEMBER 19, 2024

HSBC announced today that it has successfully trialled the first application of quantum-secure technology for buying and selling tokenised physical gold. This achievement marks the latest step by HSBC in pioneering the protection of critical applications from potential future quantum computing attacks. Last year, HSBC was the first global bank to offer tokenised physical gold to institutional investors using distributed ledger technology (DLT).

Distributed Ledger Technology (DLT) 93

Distributed Ledger Technology (DLT) Technology Interoperability Cybersecurity 93

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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

The Fintech Times

SEPTEMBER 19, 2024

Identity verification platform ID-Pal will have its AI-powered technology integrated into, B-Corp-certified issuer processing platform, CLOWD9 ‘s payment solutions portfolio. The partnership will see ID-Pal provide CLOWD9 with identity verification processes during the payment transaction ensuring users’ data is kept safe. It will also see CLOWD9 utilise ID-Pal ‘s tech to ensure its own data security is up to date too.

Verification 64

Verification Process AML Fraud Detection 64

Fintech Finance

SEPTEMBER 19, 2024

dLocal, the leading cross-border payment platform specializing in emerging markets, today announced a strategic partnership with MoneyGram, a leading global financial technology company that connects the world’s communities. The partnership will help MoneyGram continue to expand its high-demand services into new markets across APAC & EMEA, with future expansion plans for LATAM, further enhancing the company’s digital receive capabilities.

Cross-Border Payments 92

Cross-Border Payments International Payments Cross-Border APACS 92

Finextra

SEPTEMBER 19, 2024

Former TSB and Virgin Money boss Paul Pester has taken on the role of chair at Firenze, a Manchester-based embedded finance startup that helps wealth managers offers customers loans secured against their investment pots.

Embedded Finance 64

Embedded Finance Finance Security 64

Finovate

SEPTEMBER 19, 2024

Could 2024 turn out to be the Year of the Regtech? As more and more processes in financial services become AI-enabled, the impact of AI on regulatory technology and compliance solutions has been profound. From automating manual processes to more comprehensively engaging data, AI is helping regtech firms better serve their customers at a time when their customers – in banking, in fintech, in financial services in general– need it most.

Automation 59

Automation Compliance AI Risk Management 59

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End User

Finextra

SEPTEMBER 19, 2024

French software house NeoXam has acquired EZOPS, a provider of AI-enabled data control, workflow automation, reconciliation, and regulatory reporting technology.

Acquirers 64

Acquirers Reconciliation AI Automation 64

Finovate

SEPTEMBER 19, 2024

CSI announced plans to acquire deposit growth firm Velocity Solutions. CSI will integrate Velocity’s solutions that drive revenue, service, and compliance for community banks and credit unions into its existing offerings. Financial terms of the deal were undisclosed. Community bank technology provider CSI announced plans to acquire deposit growth firm Velocity Solutions.

Acquirers 59

Acquirers Community Banks Credit Union Non-Bank 59

The Fintech Times

SEPTEMBER 19, 2024

TBC Uzbekistan has launched a waiting list for its upcoming business banking service, TBC Business. As the first fully digital banking service for SMEs and individual entrepreneurs in Uzbekistan, TBC Business aims to simplify financial management for small businesses, enabling them to manage everything without the need for physical branch visits. The service will offer key features such as paperless account setup in three minutes, 24/7 payment services, as well as tools to help businesses manage

Underserved 59

Underserved On-Demand Economy Small Business 59

Finovate

SEPTEMBER 19, 2024

Open banking solutions provider Neonomics is streamlining and enhancing the deposit experience for customers of Oblinor. Oblinor offers a digital real estate investment platform that enables users to build a portfolio of secured property loans. Based in Oslo, Norway, Neonomics made its Finovate debut at FinovateEurope 2020 in Berlin, Germany. Digital real estate investment platform Oblinor has turned to open banking solutions provider Neonomics to streamline and enhance the deposit experience.

Innovation 59

Innovation Facilitators Instant Payments Security 59

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