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By Casey Scheer, Director of Marketing at BHMI The settlement of card-based transactions is the process of finalizing financial transactions between merchants, The post Evolution of Card Payment Settlement: From Batch to Real-Time first appeared on Payments NEXT.
Artificial intelligence (AI) is transforming industries, and the PCI Security Standards Council (PCI SSC) has introduced new guidance to support the responsible use of AI in PCI assessments. The guidance provides a balance between leveraging the benefits of AI while maintaining the high standards of security that protect payment card data worldwide.
Keeping up with bills, payroll, and expenses can be overwhelming. Without proper cash management, businesses risk financial stress and missed opportunities.Cash management controls, monitors, and optimizes cash flow, ensuring enough to cover expenses while using extra funds wisely. Poor forecasting and untracked expenses lead to cash shortages. For instance, the Resolution Foundation study found that 14% of UK workersface pay fluctuations, highlighting the risk of financial instability.
Checkout.com , a leading global digital payments company, today announced that its Intelligent Acceptance product, an AI-powered engine designed to help enterprise businesses boost their payment performance, has generated over $10 billion in additional merchant revenue. Powered by over 20 billion data points and insights from Checkout.com’s global network, Intelligent Acceptance applies numerous optimizations at every step of the payment process (e.g., messaging, routing, authentication, c
Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón
Enterprise commerce is evolving fast, and brands relying on rigid, one-size-fits-all solutions risk losing agility. But modernization doesn’t have to mean disruption. In this webinar, we’ll explore how an extensible, modular approach empowers brands to integrate new capabilities, enhance performance, and scale efficiently—all while leveraging Shopify’s strengths.
The insurance sector has long been plagued by long wait times. No matter the stage of the insurance claim, be it filing claims or waiting for a refund, customers are often left dissatisfied with how long they must sit around for a response. To tackle this issue, Edenred Payment Solutions has launched a new Virtual Card Number (VCN) product designed to help make claims payouts faster and easier for policyholders.
NFC PAYMENT: Bank Indonesia governor Perry Warjiyo launching the new service at Bundaran HI Station Indonesia’s central bank has added support for NFC payments to the country’s QRIS national QR mobile payments platform. The move follows the central bank of Brazil’s move last month to add NFC payments support to its national Pix payments system. “QRIS Tap provides a fast, convenient, affordable, secure and reliable alternative payment method for the public, particularly to
Businesses need cash to keep running, but not every sale brings in immediate payment. Accounts receivable is the money customers owe for goods or services bought on credit. It allows businesses to track unpaid invoices and ensure they get paid.Payments could be delayed or lost without a proper system, leading to financial trouble. Managing accounts receivable helps maintain cash flow, reduce risk, and build customer trust.
Businesses need cash to keep running, but not every sale brings in immediate payment. Accounts receivable is the money customers owe for goods or services bought on credit. It allows businesses to track unpaid invoices and ensure they get paid.Payments could be delayed or lost without a proper system, leading to financial trouble. Managing accounts receivable helps maintain cash flow, reduce risk, and build customer trust.
The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today released a new report, Overcoming Instant Payment QR Code Impediments to Adoption: Usability , which examines key challenges in implementing QR code-based instant payments at the point-of-sale (POS) and offers insights into addressing these barriers.
On the heels of its IPO filing, Swedish fintech giant Klarna announced on Monday that it will exclusively provide buy now, pay later loans for Walmart. The partnership with Walmart is one that rival Affirm had previously owned. Klarna will provide the loans to Walmart customers through OnePay, a fintech startup in which it owns […] 2024 TechCrunch.
HitPay , a payments solution provider for businesses, has partnered with NPCI International Payments Limited (NIPL) to integrate Indias Unified Payments Interface ( UPI ) into its platform, This move will enable Singapore merchants to accept UPI payments for both in-store and e-commerce transactions. The integration gives businesses access to over 450 million UPI users in India, offering a cost-effective alternative that can save merchants up to 50% on fees compared to traditional credit cards.
ORLANDO, Fla. The uncertain status of the Consumer Financial Protection Bureau could result in more state-based regulations. In one recent example, New York State Attorney General Letitia James on March 13 announced legislation to establish the Fair Business Practice Act, Christy Hancock, partner at law firm Bradley LLP, said today during a panel at […] The post States could pick up where CFPB left off appeared first on Bank Automation News.
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
With fintechs gender gap stuck in the dark ages, does the next generation of women even want in? Hannah Duncan takes her Gen-Z sister to the Women in Fintech Powerlist celebration to find out. How can a young woman on the precipice of her career get into fintech? And with women making up just 28 per cent of the industry , less than 20 per cent of executive positions and putting up with Victorian-style gender pay gaps of 22 per cent would she even want to?
According to the US Federal Reserve in 2022, general-purpose card payments reached $153.3 billion transactions and $9.76 trillion in value. On top of that, 69% of Americans online in 2023 said they used digital payment methods to make a purchase. As a business owner, you just cant afford to ignore these statistics. Youll be locking out a significant customer segment with high purchasing power to propel your business forward.
ProjectPay , the construction payments fintech, which received a project grant funded by the government’s innovation division, Innovate UK, to research and test how to solve cashflow problems in the construction industry, has now published its findings. The report has been provided to the government. The report follows on from recent news1 that building levels are falling and companies do not have the confidence to invest.
The payments landscape is evolving with digital assets, real-time transactions, and new regulationsbusinesses must adapt to stay efficient and compliant. The payments industry is undergoing a profound transformation. With the rise of digital assets, real-time payment methods, and evolving regulations, the pace of change has never been faster. Transaction volumes are surging, payment methods are diversifying, and businesses are under pressure to adapt.
Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?
Cashflow problems are impacting the construction industry, and could potentially get worse in the government’s building boom. According to a new report from ProjectPay , the construction paytech, simply digitising payments isn’t enough to solve this issue. This report was created following funding from the government’s innovation division, Innovate UK , and explores how cashflow problems in the construction industry can be solved.
Core10 is partnering with PayNearMe to integrate loan repayment options, allowing its bank clients to offer payments via PayPal, Venmo, Cash App Pay, Apple Pay, Google Pay, ACH, and even cash at 62,000 retail locations. The integration with Core10s Mesh middleware simplifies adoption, enabling real-time core banking connections for faster payment posting, balance updates, and improved transaction accuracy.
The best ISVs go beyond simply providing merchant services. They also invest in their client’s success and help them thrive. One way to do that is by providing merchants with more tools and options to boost conversions, attract customers, and streamline transactions. In line with that, we’re thrilled to announce that Stax Connect ISVs can now give merchants the ability to accept PayPal, Venmo, and Pay Later (BNPL).
Network for Electronic Transfers (NETS) has appointed Alex Woo as the CEO of Banking Computer Services Private Limited (BCS), effective today. BCS is a wholly-owned subsidiary of NETS that plays a role in managing and operating Singapore’s national clearing and payment infrastructure. This includes systems like FAST (Fast And Secure Transfers), Interbank Giro, eGiro, PayNow, and the SGQR Central Repository.
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.
Mswipe , the business paytech headquartered in India with a network of 800,000 merchants, has completed the next step in its global expansion plan as it announces a new partnership with Cashflows , another paytech focusing on business payments, which will enable it to enter the UK market and offer efficient and cost-effective payment solutions. The partnership has enabled Mswipe to acquire a BIN sponsorship model which will allow the firm to focus on merchant acquisition and management and tailo
Savings and purchase fulfillment platform SaveAway has introduced a suite of new features. The new functionality includes Custom Plans and Friends & Family Comments and Voting, which move beyond traditional anonymous reviews and blind gift-giving. SaveAway made its Finovate debut at FinovateFall 2016 in New York. Om Kundu is Founder and CEO. Goal-based savings and purchase fulfillment platform SaveAway introduced a range of new features.
Epos Now , a leading global AI-driven point-of-sale (POS) provider, today announces a strategic partnership with Lloyds Cardnet , one of the UK’s biggest card payment service providers. This marks a significant milestone for both companies as they work together to support entrepreneurship and business success across the UK and beyond. It will deliver seamlessly integrated POS and payment solutions to UK merchants, providing payment acceptance technology that is robust yet flexible and can
Funding Societies | Modalku, a Southeast Asian SME digital finance platform, has secured an equity investment from Asia-focused venture capital firm Gobi Partners. The sum was not disclosed. The investment by Gobi supports Funding Societies financial stability and expansion beyond SME financing into payments since 2022. It will help further enhance Funding Societies technology-driven approach, leveraging AI and automation to streamline lending processes and improve risk management.
Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever
ICBA Payments , the payments-services subsidiary of the Independent Community Bankers of America (ICBA), has forged a new partnership with payments giant Mastercard to offer enhanced card and payment services for 1,400 community banks. Through the new strategic partnership with Mastercard, ICBA Payments aims to helpcommunity bankers modernise their card programmes through new innovative features, providing an enhanced customer experience. “Today, were not only upgrading payments but also i
After hitting record lows at the start of the pandemic, mortgage rates began to climb in 2022 and havent come down significantly since. With 30-year mortgage rates hovering at over 6.5% today (they were as low as 2.49% in 2020!), buying a home is simply not that attainable for many people. One Denver-based startup is […] 2024 TechCrunch. All rights reserved.
The UK’s Financial Conduct Authority (FCA) has begun a public consultation on proposed plans to either significantly increase or remove altogether the current 100 (US$129.83) limit on contactless card transactions. The FCA has set out its thinking in an engagement paper on contactless payment limits. The associated call for feedback is open until 9 May 2025. “The FCA is looking at whether removing or increasing the contactless limit could benefit consumers, merchants and economic gro
Indian fintech firm Pine Labs is gearing up for a domestic initial public offering (IPO) in the second half of 2025, CEO Amrish Rau told Reuters. Indias equity markets have seen over US$1 trillion wiped off in market capitalisation amid weak investor sentiment. Amrish Rau However, Rau indicated that Pine Labs remains committed to its IPO timeline and is focused on long-term growth rather than short-term market fluctuations.
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.
Network tokenisation is on the rise, and according to the new findings from the fintech and payments researcher, Juniper Research , its revenue will reach $8.9billion by 2029 – a 117 per cent increase from 2025 ($4.1billion). The research was published in Juniper Research ‘s Global Network Tokenisation Market: 2025-2029 report , and predicts that the growth of network tokens will mean they are better placed to fight fraud, lower processing costs and streamline checkout experiences fo
ORLANDO, Fla. AI agents could soon be moving money from one bank account to another without being queued by the accountholders. I think the agentic world, where agents are actually acting on consumers behalf, is probably going to happen in the next two to three years, Zach Perret, co-founder and chief executive at data […] The post Plaid CEO: AI Agents could soon represent customers appeared first on Bank Automation News.
Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced it is expanding its credit reporting to Experian to include all of Affirms pay-over-time products beginning April 1, 2025. By furnishing information about all of its pay-over-time transactions to Experian, Affirm is helping to drive greater transparency and responsible lending.
Paymentology, a global issuer-processor, has appointed Minh Ha Truong as its new Head of Growth for Asia Pacific. She brings over two decades of experience in the payments industry, including a 16-year tenure at Visa. Minh Ha played a key role in establishing Visas operations in Vietnam and expanding its business across the Indochina market. In her new role, Minh Ha will spearhead Paymentology s growth strategy across the region, working closely with clients, partners, and governments to drive i
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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