Payments Dive

JULY 31, 2024

Generative AI could help spot fraudulent patterns in transaction data and reduce the cost of processing payments, says a McKinsey consultant.

Fraud Prevention 192

Fraud Prevention Consulting Payments AI 192

The Payments Association

AUGUST 1, 2024

The move to ISO 20022 brings benefits like enriched data and improved fraud prevention, requiring a strategic approach and decisions between building in-house solutions or partnering with vendors.

ISO 20022 160

ISO 20022 ISOs Fraud Prevention Compliance 160

PCI Security Standards

JULY 29, 2024

Welcome to our podcast series, Coffee with the Council. I'm Alicia Malone, Senior Manager of Public Relations for the PCI Security Standards Council. Today, I am so excited to bring you a sneak peek interview with PCI SSC's North America Community Meeting Keynote Speaker, Tom Koulopoulos. Mr. Koulopoulos is Chairman and Founder of Delphi Group, a 30-year-old Boston-based Think Tank, named one of the fastest growing private companies by Inc. magazine, and the founding partner of AcroVantage Ventu

Authorization 109

Authorization Innovation Security Technology 109

Finextra

AUGUST 1, 2024

A new cross-border payments infrastructure will enable remittances between the US and Mexico via 140 community banks in rural areas.

Community Banks 144

Community Banks Cross-Border Payments Cross-Border Payments 144

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

AUGUST 2, 2024

Financial institutions expect business clients to be a driver of instant payment revenue, but adopting the technology comes with hurdles, the results of a recent survey showed.

Instant Payments 157

Instant Payments Payments Technology 157

Fintech Finance

JULY 30, 2024

In a significant move towards enhancing digital financial inclusion, Salaam Somali Bank , in collaboration with Mastercard , has announced the launch of a digital-first co-branded multi-currency prepaid card designed to revolutionize digital payment solutions. This strategic collaboration aims to cater to the growing needs of international travellers and diaspora communities by providing secure and convenient means of conducting digital payments across the globe.

Multi-Currency 127

Multi-Currency Visa Innovation Point-of-Sale (POS) 127

Finextra

JULY 30, 2024

The Bank of Ghana (BoG) has completed a proof-of-concept into the use of digital credentials for international trade and CBDC-based cross-border payments.

CBDC 128

CBDC Credential Cross-Border Payments Cross-Border 128

Payments Dive

AUGUST 2, 2024

“In the aftermath of the CrowdStrike outage, Congress and state lawmakers should look for opportunities to build backups and redundancies into critical online systems,” writes a payments consultant.

Credit Cards 147

Credit Cards Laws Consulting Payments 147

Fintech News

JULY 31, 2024

Digital banking software provider Backbase has launched its first global Center of Excellence (COE) for Artificial Intelligence (AI) in Ho Chi Minh City, Vietnam. The COE, led by Backbase’s Head of AI Chris Shayan, will focus on developing AI solutions to enhance customer engagement and business outcomes in the banking sector. Located near Saigon Center in District 1, the COE will host a team of engineers specialising in web, mobile, backend, AI, and machine learning, and large language mo

AI 119

AI Industry Trends Innovation FinTech 119

The Fintech Times

JULY 31, 2024

Organisations are becoming increasingly aware of sustainable practices and want to show their support in the climate crisis. Looking to make renewable energy initiatives more accessible and to scale them faster, the Global Climate Finance Centre (GCFC), an independent entity focused on catalysing climate investments and solutions across the globe, and the International Renewable Energy Agency (IRENA), the intergovernmental agency for the renewables-based energy transition, have announced a new p

Finance 109

Finance Innovation Research Addressing 109

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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

Finextra

JULY 28, 2024

The European Central Bank says there is "room for improvement" after conducting its first thematic stress tests on cyber resilience to determine how well individual banks would respond to and recover from a cyber attack.

Central Bank 116

Central Bank Security 116

Payments Dive

JULY 31, 2024

Slowing card volume growth in the network giant’s earnings report this month revived questions about the longevity of its core business.

Volume 158

Volume 158

Fintech News

JULY 30, 2024

M-DAQ Global, a fintech company based in Singapore, has announced the acquisition of Easy Pay Transfers Sdn. Bhd. , a licensed B2B payments service provider in Malaysia. This move follows a challenging financial year where M-DAQ reported a consolidated net loss of S$26.5 million (approximately US$19.7 million) for 2023, as detailed in regulatory filings, despite achieving a 22.5% increase in revenue to S$59.04 million (US$43.9 million).

SDN 113

SDN B2B Cross-Border Cross-Border Payments 113

National Processing

AUGUST 1, 2024

It may seem strange that National Processing would highlight ways your business can save money by accepting cash. After all, when you accept a cash payment, you don’t pay a credit card processing fee and we don’t receive that fee. However, we feel it’s important to help business owners know their options. Besides, consumers aren’t […] The post POS System vs.

Credit Cards 88

Credit Cards Process Posting Consumer 88

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

Finextra

AUGUST 1, 2024

As the banking industry chafes against upcoming rules governing payback to victims of authorised push payment fraud, the Payment Systems Regulator has released new data which shows that reimbursement for victims still depends largely on who they bank with.

Rules 110

Rules Government Governance Regulations 110

Finovate

AUGUST 1, 2024

B2B payments facilitator Monto is exiting stealth with a $9 million funding round. The Seed funding round was led by Scale Venture Partners. The company plans to use the funds to scale its growth in the U.S. There’s a new entrant in the B2B payments space. B2B payments facilitator Monto emerged from stealth this week, simultaneously announcing a $9 million Seed round.

B2B 104

B2B RTP Facilitators Payments 104

Payments Dive

JULY 29, 2024

In commenting on the proposal, the BNPL provider said consumers would be better served by rules specific to BNPL transactions, as opposed to credit card regulations.

BNPL 95

BNPL Rules Credit Cards Regulations 95

Fintech News

JULY 28, 2024

Indonesia’s Bank Commonwealth will lay off 1,146 employees following its acquisition by Singapore’s OCBC, a deal finalised two months ago for S$182 million, according to The Business Times. The acquisition, completed through OCBC’s Indonesian subsidiary PT Bank OCBC NISP Tbk, transferred full ownership of the bank to OCBC and integrated over 1.2 million customers into OCBC Indonesia’s network.

Legal 113

Legal Agreements Laws Acquirers 113

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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

Finextra

JULY 31, 2024

SIX Swiss Exchange is to resume trading from 14.30 after technical problems forced the market operator to twice suspended trading in stocks, bonds, and exchange-traded funds.

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110

Fintech Finance

AUGUST 2, 2024

TreviPay’s Joel Campbell has been named as the 2024 CFO of the Year by the Kansas City Business Journal. The annual CFO of the Year award program recognizes financial professionals in the Kansas City region for outstanding performance in their roles as corporate financial stewards. The winners will be honored during an awards event today at Loews Kansas City Hotel.

Audit 102

Audit Advisors Finance FinTech 102

Payments Dive

JULY 29, 2024

The law firm falsely suggested it represented well-known businesses in the claims filing process and blamed an outside party for the snafu that prompted a call for sanctions.

Process 87

Process Settlement Visa Laws 87

Fintech News

JULY 30, 2024

GXS Bank, a digital bank backed by Grab Holdings and Singtel, aims to achieve profitability by March 2027, according to Muthukrishnan Ramaswami, GXS’ Group CEO. Grab holds a 60% stake in GXS, while Singtel owns the remaining 40%. The partners have committed US$1.5 billion in capital until March 2027, with no current plans for an initial public offering, according to Muthukrishnan.

Underserved 106

Underserved Assessments Small Business Volume 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

Finextra

JULY 29, 2024

JPMorgan Chase has rolled out an inhouse developed Generative AI chatbot to staff, likening it to a having a research analyst at your desk.

Research 126

Research AI 126

Paystand

AUGUST 1, 2024

Table of Contents What is Considered an ACH Payment? What is the EFT Payment Method? What is the Difference Between ACH and EFT in Banking? Why Embrace Digital Payment Methods?

ACH 98

ACH Digital Payments Payments B2B 98

Payments Dive

JULY 31, 2024

Just Walk Out is rolling out an advanced AI model that the company says will make its system more accurate and efficient and less costly to implement.

AI 87

AI 87

Fintech News

JULY 31, 2024

The banking industry is undergoing a rapid transformation, driven by technological advancements and changing customer expectations. While many banks have embarked on digital transformation journeys, a common misconception persists: that transformation is a one-time event with a clear endpoint. The reality is far more complex. The competitive landscape, marked by the rise of neobanks and fintech disruptors, necessitates continuous innovation and adaptation.

Process 112

Process On-Demand Procedures Innovation 112

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AI

Finextra

JULY 29, 2024

Australian bank Westpac is now offering debit cards to children as young as eight in a move it says will help them hone their financial skills.

Debit Card 119

Debit Card 119

The Fintech Times

JULY 28, 2024

Now encapsulating a focus on societal impact and the environment, the term ‘fintech for good’ has evolved from its initial meaning of charity. But it doesn’t stop there. This July, we are on the hunt to find out how the fintech industry is doing ‘good’ for local communities and the world, revealing current and future plans to make change. As we near the end of our focus on accessibility , we turn our attention to what firms can do to bridge the accessibility gap.

FinTech 92

FinTech Financial Inclusion Online and Mobile Banking Financial Literacy 92

Fintech Finance

JULY 30, 2024

Surfboard Payments is pleased to announce a dynamic partnership with Cardstream Group, the UK’s largest independent provider of white-label payment Fintech. This collaboration aims to bring an unprecedented embedded payment solution to the UK and other markets, offering a white-label multi-channel platform for ISVs, ISOs, PayFacs and their merchants to make in-person and remote transactions.

Payment Solutions 95

Payment Solutions ISVS Innovation Payment APIs and Integration 95

Fintech News

JULY 30, 2024

Charles Wong, who has served as CEO of GXS Bank for four years, announced his decision to step down from the role, transitioning to an advisory position. During his tenure, Charles Wong led the launch of GXS Bank, a digital bank supported by Grab Holdings and Singtel, in August 2022. Charles also led the development of key products like the GXS Savings Account and GXS FlexiLoan.

Posting 106

Posting Continuity FinTech Accounts 106

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