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.
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!
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.
Finextra
OCTOBER 3, 2024
Banks around the world will next year start live trials of digital asset and currency transactions over the Swift network.
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 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.
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.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Finextra
OCTOBER 1, 2024
The UK's Post Office is no longer offering MoneyGram services in the wake of a serious cyber security incident at the American money transfer giant.
Payments Dive
OCTOBER 4, 2024
The payments processor is only the second company to win the special bank charter since Georgia made it available.
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
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.
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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?
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.
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.
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.
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.
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
Finextra
OCTOBER 2, 2024
The Financial Conduct Authority has fined Starling Bank £29 million for failings related to its financial sanctions screening.
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.
The Fintech Times
OCTOBER 1, 2024
Seventeen cities across Colombia will now have access to inDrive Money, a service that offers income-based financing to drivers, as inDrive , the global mobility and urban services platform expands its service into the country. Drivers will now be able to access cash loans of up to COP 1,000,000 ($240) for a flexible period of three to five months.
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.
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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.
NFCW
OCTOBER 1, 2024
NFC TAGS: The chips are being added to ski jump suits to monitor competitors’ adherence to regulations NFC chips are to be added to competition-level ski jump suits to monitor whether competitors are adhering to regulations. The sport’s governing body, FIS , is restricting the number of suits competitors can use during the World Cup and other major world-class events from next winter, so gluing NFC chips to the individual parts of each suit will enable precise measurements to be taken quic
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
AMINA Bank, a leading global crypto bank, has today announced its partnership with Tenity, a global innovation ecosystem and early-stage VC with a strong focus on fintech. Through this collaboration, AMINA will provide a combination of banking solutions and mentorship to eligible companies in Tenity’s extensive network of startups.
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
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 Review
OCTOBER 1, 2024
By James Roberts , Digital Marketing Manager at FullCircl. A new focus on digital identity verification As the financial landscape continues to evolve, the importance of Anti-Money Laundering ( AML ) and Know Your Customer (KYC) processes has never been more pronounced. These protocols are integral to combating financial crime and ensure regulatory compliance.
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
Klarna, the AI-powered global payments network and shopping assistant, has unveiled “Apple from Klarna”, a storefront in the Klarna app and Klarna.com where customers can purchase Apple products using its flexible payment options.
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.
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Finovate
SEPTEMBER 30, 2024
We have breezed through September, and are now not only ready to take on a new month, but also a new quarter. Stay tuned to see what it will bring! Challenger banks Chime selects Morgan Stanley to manage its 2025 IPO. Qonto announces plans to expand to four new European markets: Austria, Belgium, the Netherlands, and Portugal. Lending Abrigo makes its Abrigo Small Business Lending commercially available.
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.
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.
Fintech News
OCTOBER 3, 2024
Experian has completed its acquisition of consumer and commercial credit bureau, illion , for A$820 million. John Banfield, CEO of illion, will step down following the acquisition’s completion. The acquisition includes illion’s team, data, software, and intellectual property across Australia and New Zealand. The integration of illion’s 500 employees into Experian is expected to create a unified business, broadening market options and offering data-driven solutions for businesses and consum
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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