Payments Dive

SEPTEMBER 20, 2024

The retail giant and payments processor are targeting next year for offering consumers a real-time payment option online.

Real Time Payments 174

Real Time Payments Processors Payments Consumer 174

Payments Next

SEPTEMBER 16, 2024

By John Toman, Co-founder & Chief Product Officer, Pivot Payables Commercial virtual cards have been available for years as a payment method The post You Thought You Knew Virtual Cards…Think Again first appeared on Payments NEXT.

Posting 152

Posting Product Payments Payments Trends 152

The Payments Association

SEPTEMBER 17, 2024

With the rollout of new instant payment regulations under the SEPA Instant Credit Transfer (ICT) scheme, Europe’s cross-border payments landscape is significantly transforming. From overhauling existing systems to adjusting sanctions screening processes, firms need to navigate these complexities to stay compliant and competitive.

Cross-Border Payments 141

Cross-Border Payments Cross-Border Compliance Technology 141

Finextra

SEPTEMBER 19, 2024

Walmart is teaming up with Fiserv to let online shoppers pay directly, and instantly, from their bank accounts.

Payments 138

Payments Accounts 138

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

Payments Dive

SEPTEMBER 19, 2024

"While rewards may feel like a bonus for those who use credit cards regularly, they ultimately come at a cost," writes one payments executive.

Credit Cards 166

Credit Cards Payments 166

Fintech News

SEPTEMBER 19, 2024

Thailand’s Lightnet and Hong Kong-based fintech unicorn WeLab have teamed up to apply for a virtual bank license in Thailand. The aim is to enhance financial access for underserved retail customers and small businesses. Lightnet, co-founded by Chatchaval Jiaravanon and Lightnet Group, has a strong local presence, reaching 46 million Thai customers across sectors like agriculture, F&B, and e-commerce.

Underserved 128

Underserved Cross-Border Financial Inclusion Interoperability 128

Finextra

SEPTEMBER 19, 2024

HSBC has successfully trialled the first application of quantum-secure technology for buying and selling tokenised physical gold.

Technology 131

Technology Security 131

Payments Dive

SEPTEMBER 18, 2024

The Federal Reserve’s proposal to extend the operating hours of two interbank payments systems has been welcomed by large banks, but panned by many small financial institutions.

Federal Reserve 165

Federal Reserve Fed Payments 165

Finovate

SEPTEMBER 20, 2024

You never know where Finovate Global will take you on any given week. In our last edition, we spent time in Spain with wealthtech GPTadvisor. Before that, we were talking about Ireland’s Central Bank and its search for top fintech talent, new investment in mobile payments in the Philippines , and the pace of digital transformation in India’s financial services sector.

Innovation 122

Innovation FinTech Online and Mobile Banking On-Demand 122

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Fintech News

SEPTEMBER 18, 2024

Siam Commercial Bank (SCB) has partnered with Mastercard and Malaysian fintech Soft Space to launch the ‘Effortless Payment Processing’ campaign. This initiative aims to accelerate the adoption of contactless payments in the Asia-Pacific region by providing eligible merchants with Android devices valued at over 3.25 million baht, pre-installed with the ‘SCB Tap-To-Pay’ service.

Contactless Payments 127

Contactless Payments Visa Debit Card Payments 127

Finextra

SEPTEMBER 16, 2024

Citigroup is stripping chief operating officer Anand Selva of his responsibility for data compliance after the bank was hit with $136 million in fines for its failure to address long-standing deficiencies in risk management and data governance.

Risk Management 124

Risk Management Compliance Addressing Government 124

The Fintech Times

SEPTEMBER 14, 2024

Known for its technological advancements and industrial growth, Taiwan has also emerged as a notable player in the fintech sector. With a strong foundation in semiconductors and information technology, alongside government initiatives and a developing fintech ecosystem, Taiwan is steadily integrating digital innovation into its financial services. Taiwan, along with South Korea, Hong Kong SAR, and Singapore, forms the group known as the ‘Four Asian Tigers,’ renowned for their rapid

Innovation 119

Innovation FinTech Payment APIs and Integration Non-Bank 119

Fintech Finance

SEPTEMBER 18, 2024

PayRetailers , the leading payment processor for Latin America, has today announced further expansion into Africa. With coverage now across 12 countries, the company offers a unified simple payment solution that will be a game changer for cross-border online merchants looking at Africa as their next move for strategic growth. PayRetailers offer a simple, user-friendly, and scalable experience to businesses looking to grow their regional operations and give them access to major local payment meth

Financial Inclusion 111

Financial Inclusion Payment APIs and Integration Cross-Border Payment Solutions 111

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

Best Practices

Fintech News

SEPTEMBER 16, 2024

UnionPay has partnered with payment solutions provider AXS to introduce a new bill payment service tailored for Mainland Chinese residents living in Singapore. By leveraging the UnionPay app, users can now conveniently pay various bills, including household expenses, educational fees, electricity, condo management fees, season parking, town council fees, healthcare, and home services, directly from their Mainland China-issued UnionPay cards.

Cross-Border Payments 123

Cross-Border Payments Cross-Border Payments Payment Solutions 123

Finextra

SEPTEMBER 19, 2024

Voice cloning scams – where fraudsters use AI technology to replicate the voice of a friend or family member – could be set to catch millions out, according to new research from Starling Bank.

Scams 122

Scams AI Research Technology 122

NFCW

SEPTEMBER 17, 2024

P2P: Tap to Cash enables users to send and receive Apple Cash by holding two iPhones together Apple Watch and iPhone users in the US can now use Apple’s Tap to Cash peer-to-peer money transfer service to transfer money to each other via NFC. The ability to use NFC to add a payment card to Apple Wallet is also being rolled out via a new Tap to Provision service.

Mobile Payments 107

Mobile Payments P2P Payments Transactions 107

Fintech Finance

SEPTEMBER 18, 2024

Paynetics , a leading provider of embedded finance services, partners tell.money to implement the Confirmation of Payee (CoP) service. The collaboration ensures that Paynetics takes advantage of tell.money’s CoP service, allowing partners to embed financial services while staying fully covered with minimal effort. Paynetics will benefit from the CoP service provided by tell.money, gaining enhanced security and compliance capabilities that enable them to offer top-notch compliant and precis

Payee 105

Payee Embedded Finance Fraud Detection Compliance 105

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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.

Payments

Fintech News

SEPTEMBER 15, 2024

Helicap, a Singapore-based fintech platform, has closed its largest credit facility to date, securing US$ 50 million in collaboration with XenCapital, the lending arm of Xendit. Xendit, a fintech company operating across Southeast Asia, has raised US$ 515 million in venture capital funding. This partnership aims to provide capital to businesses in Southeast Asia, where digital lending has been a rapidly growing fintech sector.

Security 121

Security Financial Inclusion Risk Management Assessments 121

Finextra

SEPTEMBER 16, 2024

Sweden's Riksbank is threatening banks with the propect of regulation to ensure business access to cash services.

Central Bank 119

Central Bank Regulations 119

The Fintech Times

SEPTEMBER 20, 2024

Since the cost of living crisis hit, the number of insurance claims has gone up. While many of these are valid, 65 per cent of insurance claims handlers have noticed an increase in fraudulent cases according to research from claims automation company, Sprout.ai. Two hundred insurance claims handlers were surveyed by Censuswide as part of the study and were asked how many cases they thought were fraudulent or manipulated by AI.

AI 105

AI Database Research Automation 105

Fintech Finance

SEPTEMBER 17, 2024

Kani Payments , the disruptive global data reconciliation and reporting pioneer, today announces it is ready to support the ISO 20022 global messaging standard ahead of the November 2025 implementation date. The move comes as part of its offering to simplify reconciliation and enhance data standardisation for its global payments client base. ISO 20022 is the global messaging standard for financial messages, designed to enable interoperability between financial institutions and other market playe

ISO 20022 105

ISO 20022 ISOs Reconciliation Message Standards 105

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.

Payments

Fintech News

SEPTEMBER 15, 2024

Wise’s Asia Pacific (APAC) operations have become the company’s second-largest revenue contributor, with a 33.7% year-over-year increase in FY24. The Wise platform currently serves 12.8 million users globally, processing £118.5 billion (S$203 billion) in transactions. In FY24, customers saved £1.8 billion (around S$2.7 billion) in fees. Singapore is a central location for Wise’s APAC operations, with over 500 employees.

APACS 121

APACS Multi-Currency International Payments Transactions 121

Finextra

SEPTEMBER 15, 2024

Real-time payments (RTP) are emerging as a key innovation with the potential to revolutionize how mo.

Real Time Payments 115

Real Time Payments RTP FinTech Payments 115

The Payments Association

SEPTEMBER 20, 2024

How open banking can reshape finance, enabling personalised services, streamlined verification, and improved fraud detection.

Fraud Detection 100

Fraud Detection Innovation Verification Finance 100

Fintech Finance

SEPTEMBER 20, 2024

DailyPay continues to innovate its award-winning worktech platform with a new feature that will help users on their path to financial stability. The new Savings feature will be added to the newly branded DailyPay Visa® Prepaid Card and provide users with an opportunity to create savings goals and set aside money as they earn it. DailyPay Visa Card is a general purpose reloadable card that allows DailyPay users instant earned wage access for no fee* if they update their direct deposit to the card

Direct Deposit 98

Direct Deposit Security Federal Reserve FDIC 98

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Fintech News

SEPTEMBER 18, 2024

In Asia-Pacific (APAC), the payment landscape is rapidly evolving, driven by the integration of advanced technologies, growing use of alternative payment methods and the rise of digital currencies. A new analysis by Forrester explores this dynamic ecosystem, highlighting the key trends and innovations that are reshaping the payment landscape. Integrating cutting-edge technologies The report emphasizes APAC’s innovative payment landscape, which has evolved from QR code payments in China to the in

APACS 119

APACS Stablecoins Alternative Payment Methods BNPL 119

Finextra

SEPTEMBER 18, 2024

TBC Uzbekistan, the leading digital banking ecosystem in Central Asia, launched a waiting list for its upcoming new product offering, TBC Business, set to go live later this year and become the country’s first fully digital banking service for SMEs and individual entrepreneurs.

Product 105

Product 105

Payments Dive

SEPTEMBER 20, 2024

The e-commerce platform will also let consumers connect their PayPal and Prime accounts next year, and access free shipping via Buy with Prime on some merchants’ sites.

PayPal 97

PayPal Accounts Consumer 97