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.
Finextra
OCTOBER 3, 2024
Banks around the world will next year start live trials of digital asset and currency transactions over the Swift network.
Fintech News
SEPTEMBER 29, 2024
BNPL fraud in Southeast Asia is seeing a rapid rise with fraudsters exploiting weaknesses in these platforms and developing sophisticated methods to deceive users for financial gain. A new report by Rest of World sheds light on how scammers are targeting BNPL platforms in Vietnam by exploiting a loophole that allows users to turn their credit into cash through so-called cash-outs.
Faster Payments Council
OCTOBER 3, 2024
Save the date for the 2025 FPC Spring Member Meeting on April 23-24, 2025, at the Westin San Diego Bayview Hotel in San Diego, California. More details coming soon!
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
Payments Dive
OCTOBER 4, 2024
The payments processor is only the second company to win the special bank charter since Georgia made it available.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
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.
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.
Payments Dive
OCTOBER 3, 2024
After the storm ripped through the southeastern U.S., consumers and merchants have been left grappling with card network outages and cash shortages.
Finextra
OCTOBER 2, 2024
The Financial Conduct Authority has fined Starling Bank £29 million for failings related to its financial sanctions screening.
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Fintech News
OCTOBER 2, 2024
Google has revealed plans to invest US$1 billion in Thailand, constructing a data center and cloud region in Bangkok and Chonburi. This move is projected to boost Thailand’s GDP by US$4 billion by 2029 and create an average of 14,000 jobs annually from 2025 to 2029. The investment aims to address the increasing demand for cloud services in Southeast Asia.
Bank Automation
OCTOBER 2, 2024
Tens of thousands of Bank of America clients reported outages of online and mobile banking services today. At 1 p.m. ET, more than 20,000 clients had reported issues with the $3.2 trillion bank, according to website Downdetector, which publishes the status of outages in real time. Many clients posted to social platform X to alert […] The post Bank of America mobile app, digital interface down appeared first on Bank Automation News.
Payments Dive
SEPTEMBER 30, 2024
While most U.S. households have a bank account, just under half use a nonbank payment service, Kansas City Federal Reserve Bank research says.
Finextra
SEPTEMBER 29, 2024
Private equity giant Blackstone has confirmed a £10 billion investment in an AI data centre in the North East of England, creating around 4000 jobs.
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
Fintech News
OCTOBER 1, 2024
The last decade has seen significant growth in Islamic banking globally, with the Asia-Pacific (APAC) region emerging as a pivotal hub for Islamic finance, driven by rising customer demand and the adoption of modern technologies. A new paper produced by Systems Limited, a publicly listed Pakistani technology company, in collaboration with Temenos, explores the rapid developments in Islamic banking, particularly in Indonesia and Malaysia, and the increasing role of technology such as open banking
Fintech Finance
SEPTEMBER 30, 2024
Mastercard and Amazon Payment Services have signed a multi-year commercial partnership agreement to digitize payment acceptance in Middle East and Africa, across countries including Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, South Africa and UAE. As part of the collaboration, the leading payment service provider (PSP) will adopt Mastercard Gateway – a single touchpoint for payment processing – as a payment solution available in 40 markets in the region.
Payments Dive
OCTOBER 2, 2024
Zelle, the popular peer-to-peer payment service, and rivals should be more upfront with consumers about the ability to ask for money back, Consumer Reports says.
Finextra
OCTOBER 4, 2024
The UK Treasury will give banks new powers to delay payments by up to 72 hours to investigate suspected fraud or scams.
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Fintech News
SEPTEMBER 30, 2024
KASIKORNBANK ( KBank ) has introduced orbix CUSTODIAN, which is set to become Thailand’s first licensed digital asset custodian. The new service, aimed at supporting local digital asset businesses, has received its license from the Ministry of Finance and operates under the supervision of the Securities and Exchange Commission (SEC). KBank is now finalising its systems ahead of an official launch in early 2025. orbix CUSTODIAN aims to provide secure, transparent digital asset custody servi
Fintech Finance
OCTOBER 4, 2024
Paysend and Mastercard have partnered to launch Paysend Libre in Mexico in a move to drive financial inclusion in a region where the majority of the population is still underbanked or unbanked. Based on a virtual Paysend Mastercard, Paysend Libre is a revolutionary way to receive remittances that is simple to use, convenient, and secure. The launch brings together the strengths of Mastercard and Paysend in collaboration; Mastercard with its acceptance network, and Paysend’s enormous strength in
Payments Dive
OCTOBER 3, 2024
The Office of the Comptroller of the Currency blasted an Illinois law that prohibits credit and debit card interchange fees on tips and excise taxes.
Finextra
OCTOBER 4, 2024
In a push for financial inclusion in Mexico, Paysend has launched Paysend Libre backed by Mastercard.
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.
Fintech News
SEPTEMBER 30, 2024
Matrixport, a Singapore-based cryptocurrency financial services platform, has acquired Crypto Finance Asset Management (CFAM), a Swiss crypto asset manager. Previously part of the Deutsche Börse-owned Crypto Finance Group, CFAM has been renamed Matrixport Asset Management (MAM). The acquisition, which received regulatory approval from the Swiss Financial Market Supervisory Authority (FINMA), strengthens Matrixport’s position in the European market.
Nanonets
OCTOBER 3, 2024
💡 Note that this is the 3rd and final article in the series of VLMs for data extraction. You can find - the one about surveying VLMs here , and - evaluating VLMs on your own dataset here Introduction If you’re beginning your journey into the world of Vision Language Models (VLMs), you’re entering an exciting and rapidly evolving field that bridges the gap between visual and textual data.
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.
Finextra
OCTOBER 2, 2024
A recently released survey has highlighted a widespread lack of awareness among UK adults when it comes to open banking.
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Fintech News
OCTOBER 2, 2024
South African digital bank, TymeBank , has surpassed the milestone of 10 million users just under six years after its launch in 2019. The bank, which is the first digital bank in Africa to reach profitability, now holds close to R7 billion (US$402.5 million) in customer deposits, making it one of the fastest-growing bank in South Africa based on deposits for 2024.
Bank Automation
OCTOBER 3, 2024
Credits unions tapping Dublin-based fintech Pulsate for mobile solutions see a return on investment with a major uptick in funded loans, engagement and transactions. It is imperative that “community financial institutions [are equipped with] the tools they need to not just survive in this digital-first world, but be competitive,” Sarah Martin, chief executive of mobile […] The post Mobile solutions offer competitive edge for credit unions appeared first on Bank Automation News.
Payments Dive
OCTOBER 3, 2024
The card network may bend to emboldened fintech rivals and more assertive merchants following the Justice Department’s antitrust lawsuit.
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