Thu.Aug 22, 2024

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Amex, Flutterwave partner in Nigeria

Payments Dive

The collaboration marks the latest move by American Express to expand its footprint in Africa, which is the world's second-largest continent by population.

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The Third Annual FinTech Talent Showcase

Open Banking Excellence

10th October 2024 Live Event Linkedin Twitter FinTech Talent Showcase Whether it is to scout out potential recruits, to discuss engaging with the universities or simply to learn about the growing numbers of FinTech students emerging from the region’s universities, this is a great event to attend. Industry is demanding more FinTech skills of all sorts and here they are!

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U.S. Bank buys healthcare payments firm

Payments Dive

The bank’s acquisition of Tempe, Arizona-based Salucro Healthcare allows its Elavon unit to dig deeper into healthcare payments and billing services.

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The Pay360 Awards

Open Banking Excellence

2nd October 2024 Live Event Linkedin Twitter Youtube Pay360 Awards The PAY360 Awards celebrates innovation and collaboration by recognising companies that have made significant advances in how we pay today. Now in its 18th year, The PAY360 Awards is the most prestigious event of the year for the UK payments industry. Attended by over 950 of the most senior executives from across the payments value chain, it is an amazing networking opportunity.

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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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Innovating finance: The convergence of telecoms and banking

Payments Next

By Michael Wallis-Brown, Head of Mobile Financial Services, Ericsson In a world where connectivity is king, the convergence of banking and telecom The post Innovating finance: The convergence of telecoms and banking first appeared on Payments NEXT.

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Understanding Risk Management Strategies as a PayFac

Stax

Digital payments are increasingly becoming the norm. According to Forrester’s data, digital payments are the most used payment method today, with 69% of American adults using them to make payments online. Businesses must therefore adapt and be able to accept such payments. However, setting up and managing a payment system can be complex and overwhelming.

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FICO: Falling Consumer Confidence Encourages Consumers to be More Mindful of Credit Card Debt

The Fintech Times

Consumers are becoming increasingly careful with their spending and are losing confidence, according to the latest data from analytics firm, FICO , which has published its ‘UK Credit Card Market Report’ for June 2024. The FICO report outlines the continuation of a usual trend for June: a seasonal uplift in consumer spending during the summer months.

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CESOP webinar: Half-year reflections and what’s next

The Payments Association

Join us for a webinar on 12 September at 11 – 12 pm where we reflect on the last six months and what we can expect from the European Commission and various Tax Authorities.

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Oliver Rajic Joins Chargebacks911’s Board to Steer High Growth in APAC

Fintech Finance

Leading chargeback technology platform Chargebacks911 announced today the appointment of payments industry entrepreneur Oliver Rajic to the Board of Directors. In his new role, Rajic will serve as a key advisor to Chargebacks911 and its CEO, Monica Eaton, assisting the company with its aggressive expansion initiatives across APAC, where there is a real need for dispute management and the business is a real force.

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CBA and BNY deliver near real-time cross-border payments

Finextra

Commonwealth Bank of Australia is delivering near real-time cross-border payments to businesses and consumers who receive inernational payments from customers of US bank BNY.

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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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NBK Unveils Payment Verification Service on Its Mobile Banking App

Fintech Finance

In keeping with its constant dedication to providing cutting-edge services to its customers, National Bank of Kuwait (NBK) announced introducing a new service that allows customers to confirm payment transactions online through the NBK Mobile Banking App, making itself as the first provider of this service in Kuwait. The bank mentioned that the new service provides a hassle-free, quick, and secure way to make online payments, explaining that with NBK Secure Shopping service, customers can now co

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Why I Joined Basis Theory as CISO

Basis Theory

The story behind how Basis Theory got its CISO and his plans for using security and compliance to drive revenue

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Transact365 Expands Global Presence With Canadian License

Fintech Finance

Transact365 , a UK-based global payments platform, powering merchants across the globe, has expanded further by growing its offering of solutions with its new Canadian FINTRAC MSB license. Founded in 2017, Transact365 offers a global payments solution platform for merchants across the world in leading industries. Headquartered in London, Transact365 now works with over 800 merchants to access e-commerce opportunities in five continents through local payment processing solutions.

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TD Bank expects to pay $2.6B for US compliance lapse

Bank Automation

TD Bank took a provision of $2.6 billion in the third quarter as it estimates the cost of fines from its U.S.-based money laundering compliance lapses. During the Canadian bank’s Q3 earnings call, Chief Executive Bharat Masrani gave an update on TD’s remediation program resulting from the U.S. money laundering investigations.

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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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CBA and BNY Deliver Near Real-Time Cross-Border Payments

Fintech Finance

Through a new cross-border payments collaboration between Commonwealth Bank of Australia (CBA) and The Bank of New York Mellon ( BNY ), Australian businesses and individuals who receive international payments from BNY’s customers may now be paid in as little as 60 seconds1 regardless of who they bank with. Through the new arrangement, BNY commercial payments from overseas to businesses and individuals with Australian bank accounts will now be available to the final beneficiary in under a minute,

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BBVA doubles AI staff numbers

Finextra

BBVA has doubled the number of staff working on artifical intelligence to more than 400 as it opens new 'AI Factories' in Mexico and Turkey.

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Revenew Emerges From Stealth With $4.55 Million Funding

Fintech Finance

Revenew , the new growth partner for the platform economy, has today announced it has secured $4.55 million in funding, following the success of its recent Seed round. The raise was led by Fika Ventures, who invest in companies that leverage the power of data as a core component of their value proposition, and joined by Dash Fund and TTV Capital. The funding propels Revenew out of ‘stealth mode’ and is a testament to the conviction of these investors in the fintech company’s mission, team, and t

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NBK unveils payment verification service in mobile app

Finextra

In keeping with its constant dedication to providing cutting-edge services to its customers, National Bank of Kuwait (NBK) announced introducing a new service that allows customers to confirm payment transactions online through the NBK Mobile Banking App, making itself as the first provider of this service in Kuwait.

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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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DNA Payments’ Pay at Reception, Pay at Counter and Pay at Table Now Available on Oracle Cloud Marketplace

Fintech Finance

DNA Payments , a leading provider of payment solutions for the hospitality and food & beverage (F&B) sectors and a member of Oracle PartnerNetwork (OPN), today announced its Pay at Reception, Pay at Counter and Pay at Table solutions are now available on Oracle Cloud Marketplace and can be deployed on Oracle Cloud Infrastructure (OCI). Oracle Cloud Marketplace is a centralised repository of enterprise applications offered by Oracle and Oracle partners.

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Klarna Hints at ‘Exciting Plans’ After Acquiring Fallen BNPL Firm Laybuy

The Fintech Times

After acquiring the assets of the now-defunct New Zealand-based buy now, pay later (BNPL) firm, Laybuy , AI-powered global payments network and shopping assistant Klarna has revealed plans to relaunch the service. Laybuy, which went into administration in June earlier this year, is now preparing to make its return in New Zealand under Klarna. By leveraging Klarna’s expertise and global presence, New Zealand consumers and merchants will hope to benefit from a revitalised platform with enhanced pa

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U.S. Bank Acquires Healthcare Payments Platform Salucro Healthcare Solutions

Fintech Finance

U.S. Bank , lead bank of U.S. Bancorp (NYSE: USB), has acquired Salucro Healthcare Solutions LLC. The Tempe, Arizona-based company provides healthcare financial technology, focused on patient payments and billing. Founded in 2004, Salucro is a market leader in providing online billing and payments offerings for healthcare providers across the United States.

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Three Fintechs Combine Forces to Launch Fintilect, Delivering AI-Driven Banking Personalisation

The Fintech Times

Three fintech firms have joined forces and capabilities to launch one new entity, Fintilect , in a move aiming to enable financial services institutions worldwide to deliver hyper-personalised, AI-driven digital banking experiences. The launch of Fintilect hopes to enable clients to communicate with their customers as unique individuals, leading to vastly improved engagement levels and higher conversion and upselling rates.

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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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NatWest and Visa Launch New Credit Card to Support and Reward UK Customers

Fintech Finance

NatWest Group has collaborated with Visa , a world leader in digital payments, to launch a new travel reward credit card, available now in the UK for NatWest customers. The card offers a range of features, including: 1% back on eligible travel spending, including on planes, trains, car rental, ferries, buses, hotel accommodation, travel agents, cruises, campsites and more. % to 15% at selected partner retailers.

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Regional FIs deploy tech to remain competitive

Bank Automation

Regional banks are deploying technology to keep up with client demand and compete with major financial institutions.

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Zumo Reinforces Commitment to Greener Finance in UAE

The Fintech Times

Zumo, a B2B digital assets infrastructure provider, has signed the Abu Dhabi Sustainable Finance Declaration, furthering its commitment to sustainable finance as it expands into the Middle East. The Declaration, initiated by Abu Dhabi Global Market in 2019, aims to establish a sustainable finance industry in line with the UAE’s Green Economy initiative.

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FinTech Wales and Future Finance partner to drive financial inclusion

Finextra

FinTech Wales, the independent membership association and champion of the FinTech and Financial Services industry in Wales, has today announced a new community partnership with Future Finance at its monthly Networking Breakfast event, hosted by Atamis.

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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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Nu Reflects on Success in Mexico One Year After Cuenta Launch

The Fintech Times

Nu , the digital banking platform serving customers across Brazil, Mexico and Colombia, celebrates its successful expansion into Mexico, revealing it has amassed over eight million customers and $3.3billion in deposits in the past year. When comparing the number of users and deposits Nu had in Brazil to that of Mexico, at the same stage of its operations in its home country (Q1’19), Nu had 7.7 million customers and less than $1billion in deposits.

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Tanmeyah signs certification agreement with COFICERT France

The Paypers

Financial services provider Tanmeyah has announced its decision to sign a certification agreement with COFICERT France in order to obtain AML 30000 certification.

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This Week in Fintech: TFT Bi-Weekly News Roundup 22/08

The Fintech Times

The Fintech Times Bi-Weekly News Roundup takes a look at the latest fintech stories from around the world on Thursday 22 August 2024. Insights A new survey by Loqbox, a UK credit building business, highlights that the cost of school uniforms and supplies is a major source of stress and anxiety for many families, with some parents resorting to loans or credit to cover these essential expenses.

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What Is a TID Number? Understanding Its Role in Payments

Paystand

Table of Contents What Is a Terminal ID Number (TID)? How to Get a TID? How Do I Find My TID Number? Why Is It Important to Find Your TID? How Do TIDs Help Banks and Processors?

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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.