Payments Dive

JANUARY 10, 2024

“I would be surprised if it takes longer than the middle of [2024] to roll out payments,” X owner Elon Musk said during a conversation last month with Ark Invest CEO Cathie Wood.

Payments 179

Payments 179

The Fintech Times

JANUARY 6, 2024

The European Central Bank (ECB) has revealed plans to carry out cyber resilience stress tests on 109 of the banks it directly supervises in 2024, to assess how they both respond to and recover from a cyberattack. Stress testing the banks will not analyse their ability to prevent it in the first place, the European Central Bank explained. Instead, in the stress test scenario, a cyberattack succeeds in disrupting a bank’s daily business operations.

Central Bank 141

Central Bank Assessments Procedures Laws 141

Finextra

JANUARY 11, 2024

Circle Internet Financial, the issuer of the USDC stablecoin, has filed with the Securities and Exchange Commission for an initial public offering (IPO).

Issuers 142

Issuers Stablecoins Security 142

PCI Security Standards

JANUARY 10, 2024

Collaboration is at the heart of the PCI Security Standards Council’s mission to help secure payment data globally. As a global forum, the Council brings together payments industry stakeholders to develop and drive implementation of data security standards and resources for safe payments worldwide. We seek involvement from all sectors of the payment card industry - merchants, service providers, banks, processors, hardware and software developers, point-of-sale vendors, etc. - to help secure paym

Participant 109

Participant Processors Data Security Payments Data 109

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

JANUARY 8, 2024

The card network company is boosting efforts to enforce surcharge rules, with non-compliance potentially resulting in fines up to $1 million, according to one card processor.

Processors 179

Processors Rules Compliance 179

TechCrunch Fintech

JANUARY 11, 2024

Developers add Pier’s APIs with a few lines of codes, and the company then manages the credit lifecycle from end-to-end, including origination, underwriting, compliance and servicing. © 2023 TechCrunch. All rights reserved. For personal use only.

Underwriting 122

Underwriting Origination API Compliance 122

Fintech News

JANUARY 9, 2024

Thailand’s Prime Minister Srettha Thavisin announced the anticipated May commencement of a substantial economic stimulus initiative, according to a Reuters report. This plan, a centerpiece of the ruling Pheu Thai party’s election campaign, involves disbursing approximately US$14.3 billion through a ‘digital wallet’ system. Under this scheme, around 50 million Thai citizens will each receive 10,000 baht (about US$285) to spend within their local communities.

Central Bank 129

Central Bank Legal Government Governance 129

Payments Dive

JANUARY 9, 2024

Swipe fee battles, real-time payments, fraud prevention and acquisition plans will be among the hot topics pulsing through the industry this year.

Payments Trends 194

Payments Trends Fraud Prevention Real Time Payments Payments 194

The Fintech Times

JANUARY 10, 2024

Over half of financial organisations (55 per cent) have prioritised cybersecurity above all else for the coming year, according to new research from IT infrastructure provider Softcat. Softcat has released its annual Business Tech Priorities Report , exploring the top tech investments the financial sector is prioritising in the year ahead. The findings form part of a report based on the views of more than 4,000 customers from 2,900 organisations in the UK and Ireland, across 27 industries in bot

Cybersecurity 120

Cybersecurity AI Risk End User 120

Finextra

JANUARY 9, 2024

A US lobby group representing the interests of Big Tech firms has hit out at proposals by the Consumer Financial Protection Bureau to regulate tech giants such as Apple and Google that offer digital payment apps and wallets.

Regulations 117

Regulations Digital Payments Consumer Payments 117

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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?

Use Case

Fintech News

JANUARY 10, 2024

Indian payment firm Paytm ‘s parent company One97 Communications Limited (OCL) announced that it will invest Rs 100 crore (US$ 12 million) in Gujarat International Finance Tec-City (GIFT City). The investment, which will be made over a certain period, is still pending necessary approvals. Prime Minister Narendra Modi shared last year that India intends to expand the role of GIFT City to make it a new age financial services and technology nerve center.

Cross-Border 112

Cross-Border AI Real Time Payments Settlement 112

Payments Dive

JANUARY 12, 2024

The designation would allow the payment processor to own transactions from end-to-end, removing the need for a bank partner.

Processors 200

Processors Transactions Payments 200

The Fintech Times

JANUARY 9, 2024

Particularly since the release of OpenAI ‘s ChatGPT at the back-end of 2022, the world has sat up and taken notice of the potential of artificial intelligence (AI) to disrupt all industries in countless ways. To kick off 2024, The Fintech Times is exploring how the world of AI may continue to impact the fintech industry and beyond throughout the coming year.

AI 119

AI FinTech Online and Mobile Banking Best Practices 119

NFCW

JANUARY 11, 2024

The NFC Forum has announced that it is in the process of developing a Digital Product Passport (DPP) standard that would allow electronic goods manufacturers to use NFC tags and chips to provide merchants and consumers with “reliable and robust access to information on how a product can be reused, remanufactured, or recycled throughout its lifecycle” The proposed NFC DPP standard will allow manufacturers to use NFC tags and chips to create a link between their products and in-depth D

Product 107

Product CHIPS Use Case Regulations 107

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

JANUARY 7, 2024

Indonesian agritech startup Semaai has secured US$4.7 million in a pre-series A funding round led by CyberAgent Capital, bringing its total funds raised to US$ 7.6 million. The raise was also joined by Sumitomo Corporation Equity Asia, Ruvento, MyAsiaVC, and Heracles Ventures. With the newly acquired funds, Semaai plans to forge collaborations with fintech institutions, focusing on advanced financial solutions to support the agricultural community.

FinTech 115

FinTech Volume Acquirers Addressing 115

Payments Dive

JANUARY 12, 2024

Circle, which issues the USDC stablecoin, has filed confidential paperwork with the Securities and Exchange Commission — one day after the SEC's approval of 11 spot bitcoin exchange-traded funds.

Stablecoins 148

Stablecoins Issuers Bitcoin Security 148

Tearsheet

JANUARY 9, 2024

X ended 2023 with the addition of a Money Transmitter License in Pennsylvania, pushing the total number of states where the company can engage in moving money to 13. These recent licenses put the company one step closer to Musk’s vision of turning X into something distant from the digital town square he once called it. “We are rapidly transforming the company from what it was, Twitter 1.0, to the everyone app,” he said on October 26th last year, in the first all-hands meeting after his takeover

Continuity 105

Continuity Push-to-Card Payments Debit Card 105

The Fintech Times

JANUARY 12, 2024

As much as £102billion of revenue could be lost annually by subscription companies in 2025 due to bad subscription practices, according to subscription management and billing software, Recurly. Much lost revenue often boils down to failed payments, or expired or lost cards (also known as ‘involuntary churn’). At a time when consumers are cutting back on costs across the board due to the pressures caused by the cost of living crisis, these unnecessary losses could severely impact subs

Transactions 105

Transactions Best Practices Automation Gateways 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

JANUARY 7, 2024

Indonesian fintech company KOMUNAL has secured US$ 5.5 million in a Series A+ funding round led by Sumitomo Corporation Equity Asia. The fundraise also saw participation from several venture capital firms including Jafco Asia, Skystar Capital, Sovereign Capital, and Gobi Partners. This funding boost comes after KOMUNAL’s operational profitability in the second half of 2023.

Financial Inclusion 115

Financial Inclusion Underserved Participant Regulations 115

Payments Dive

JANUARY 10, 2024

The buy now, pay later provider catering to gun sellers didn’t inform consumers of potential convenience fees, the state agency said.

Consumer 154

Consumer 154

Finextra

JANUARY 8, 2024

China's Ant Group is reportedly preparing to acquire Dutch payments firm Multisafepay as it expands further into Western markets.

Acquirers 119

Acquirers Payments 119

The Fintech Times

JANUARY 9, 2024

Following the need for greater security of digital assets, AsiaNext , an institution-only global digital asset exchange, has launched crypto derivatives trading. A joint venture between SBI Digital Asset Holdings (SBI DAH) and SIX, based in Singapore, AsiaNext provides professional investors with an end-to-end digital assets value chain. Trading members benefit from reduced counterparty and settlement risk and can enjoy capital efficiencies.

Risk Management 106

Risk Management Settlement APACS Risk 106

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

JANUARY 10, 2024

Effective digital identity solutions for banks are essential to prevent fraud and spoofing. This becomes intertwined with Anti-Money Laundering (AML) and behavior analysis in recent times. As we navigate this evolving landscape, staying up to date with trends becomes important. The rise of Artificial Intelligence presents a significant opportunity for innovative solutions in various sectors, including financial services.

AML 113

AML Money Laundering Authentication Procedures 113

Payments Dive

JANUARY 10, 2024

As the card network behemoth ventures into the Web3 experience, some firms are scaling back there.

178

178

TechCrunch Fintech

JANUARY 7, 2024

We started the year with news of a couple of new venture funds that will be writing checks into fintech startups. © 2023 TechCrunch. All rights reserved. For personal use only.

FinTech 101

FinTech Checks 101

The Fintech Times

JANUARY 9, 2024

Paymob , the financial services enabler in the Middle East, North Africa, and Pakistan (MENAP) has joined forces with Tamara , the shopping and payments platform in the GCC region. The strategic partnership integrates the Tamara Buy Now Pay Later ( BNPL ) service with the secure Paymob gateway to power seamless payments by enabling customers to split their payments in four without any hidden fees or interest.

Payment Gateways 105

Payment Gateways BNPL Gateways Alternative Payment Methods 105

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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.

AI

Fintech News

JANUARY 7, 2024

Indian digital payments company PhonePe has announced the appointment of Ritesh Pai as the new CEO of its International Payments division. In his previous role at TerraPay, Pai served as President of Products and Solutions, where he played a key role in the global implementation of payment products and solutions. Before TerraPay, he held the position of Senior Group President and Chief Digital Officer at Yes Bank, focusing on digital strategy and transformation, and launching successful partners

International Payments 111

International Payments Payments Digital Payments Product 111

Payments Dive

JANUARY 11, 2024

The latest cross-border input from the U.S. Faster Payments Council suggests it’s not too early to assess how real-time payments will shape international transactions.

Cross-Border 103

Cross-Border Instant Payments Real Time Payments Faster Payments 103

NFCW

JANUARY 9, 2024

TAP AND GO: A student conducts a contactless transaction in Baylor’s Penland Dining Hall Baylor University in Waco, Texas has become the first of the ‘Big 12’ group of US universities to introduce NFC mobile credentials, enabling students living in on-campus residential halls to unlock their rooms, enter dining halls, make retail dining purchases, check out library materials, and access other campus services with the tap of an Android or iOS smartphone or smartwatch.

Credential 101

Credential Participant Checks Security 101

The Fintech Times

JANUARY 8, 2024

Digital banking apps have become synonymous with managing personal, and business, finances. The banking sector has witnessed a significant shift that places power in the hands of the consumers. Here, Gaurav Mirral , chief executive officer and executive vice president of Mastercard company Ethoca , explores what customers truly want from their banking apps, and what the future holds in store for them.

Issuers 105

Issuers Ubiquitous Visa Consumer 105

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.

Continuity