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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.
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.
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.
Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón
Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how a composable approach helps modernize commerce stacks while maintaining control over critical systems.
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
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
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.
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.
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.
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
The Financial Conduct Authority (FCA) is reviewing whether the 100 contactless limit should be removed or increased, aiming to give consumers and businesses more flexibility while keeping fraud protections in place. The consultation is part of wider efforts to encourage innovation in payments and support economic growth. Contactless payments are now the default for in-person transactions in the UK, with 85 per cent of people using them at least once a month, according to UK Finance, a trade asso
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.
Banks clinging to outdated systems risk security breaches, regulatory headaches, and lost market sharemodernisation isnt just an upgrade, its a survival strategy. For years, banks have been reluctant to modernise their legacy infrastructure, believing that change outweighs the risks of staying put. But as the financial landscape evolves, that mindset is in danger of proving very costly.
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.
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?
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?
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.
As digital wallets reshape finance and big tech challenges traditional banks, who will control the future of money? X (formerly Twitter) has made its first decisive step into fintech, announcing a partnership with Visa to power its ambitious new digital wallet, X Wallet. CEO Linda Yaccarino framed the move as a leap forward, but the real story is bigger: tech giants are no longer just facilitating payments, theyre actively reshaping the financial industry.
Core banking provider Tuum and verification platform Sumsub announced a partnership this week. The collaboration will help banks, fintechs, and financial institutions enhance fraud prevention without compromising the user experience. Tuum won Best of Show in its Finovate debut at FinovateEurope 2024 in London. Sumsub made its Finovate debut at FinovateEurope 2020 in Berlin.
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.
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.
Adyen , the global financial technology platform of choice for leading businesses, today announced that it has expanded its partnership with Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, to the U.K. Adyen’s U.K. merchants looking to provide their customers access to flexible, pay-over-time plans can now seamlessly integrate and offer Affirm at checkout.
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.
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.
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
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
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).
From open banking to open finance and beyond: The future of financial data-sharing March 18 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The evolution of open banking into open finance, examining regional regulatory approaches and adoption trends. Why is it important? Open finance is transforming financial services by enabling broader data-sharing, fostering competition, and driving innovation in payments and financial products.
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.
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.
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
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.
Defining “acceptable risk” in UK payments regulation 13 March 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? How the FCA can define and balance acceptable risk in UK payments regulation to support innovation while ensuring financial stability and consumer protection. Why is it important? A well-calibrated regulatory framework can foster fintech growth, attract investment, and maintain the UKs global competitiveness without exposing the market to e
Validus , an SME financing platform, has ceased new loan disbursements in Vietnam, DealStreetAsia has learned. The company cited delays in regulatory approvals, and will now focus on debt collection while continuing to serve existing investors and customers, Validus Vietnam has been scaling back its loan book in the country over the past year, reducing it by more than 50%.
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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