Payments Next
NOVEMBER 4, 2024
By AW de Vries, Co-founder & CEO, Silverflow Despite handling countless transactions daily, the payments industry operates on a foundation of outdated The post Legacy Systems: Are Payment Methods Stuck in the Past? first appeared on Payments NEXT.
Payments Dive
NOVEMBER 8, 2024
The digital payment company’s leader, Jack Dorsey, aims to create lending services that will appeal to millions of U.S. adults who haven’t had access to other forms of credit.
PCI Security Standards
NOVEMBER 6, 2024
The PCI Security Standards Council (PCI SSC) is developing guidance to help stakeholders understand and implement the new e-commerce security requirements included in PCI Data Security Standard (PCI DSS) v4.x. Stakeholders have indicated that these requirements are complex for many entities to implement (including merchants validating to Self-Assessment Questionnaire (SAQ) A).
Fintech News
NOVEMBER 7, 2024
The Monetary Authority of Singapore (MAS) and the Singapore Fintech Association (SFA) have announced the winners of the Fintech Excellence Awards. The awards celebrate innovative contributions by financial institutions, fintech firms, solution providers, and individuals to the financial services sector. Jointly organised with SFA and supported by PwC Singapore, the awards aim to highlight cutting-edge fintech solutions that drive growth, enhance financial inclusion, and improve the delivery of f
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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
NOVEMBER 5, 2024
The five central bank partners in Project Nexus, a Bank for International Settlements initiative to interlink domestic real-time payment rails across borders, are to establish a managing entity, the Nexus Scheme Organisation (NSO), which will oversee the project in its live implementation stages, in Singapore.
Payments Dive
NOVEMBER 5, 2024
“It's going to be up to us to move instant payments from being novel to being normal,” Federal Reserve Financial Services’ chief payments executive told attendees at a major industry conference last week.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Fintech News
NOVEMBER 6, 2024
OCBC Bank has launched a new service allowing customers to send money instantly to users of WeChat Pay and Alipay in China. This makes OCBC the first bank in the Asia Pacific region to offer this capability. The service, available through the OCBC mobile banking app, uses Visa Direct to facilitate these peer-to-peer transfers, which now take mere seconds compared to the previous 2-5 days needed for traditional methods.
Finextra
NOVEMBER 5, 2024
Wise has signed Tier 1 global bank Standard Chartered to use its platform for cross-border remittances in Asia and the Middle East.
Payments Dive
NOVEMBER 7, 2024
The president-elect and his new administration will have the opportunity to revamp federal government approaches for everything from earned wage access to digital currencies to open banking.
The Fintech Times
NOVEMBER 3, 2024
Privacy-focused digital identity platform Privado ID , has launched a multi-chain, device-agnostic identity attestation protocol that enables people to verify their credentials across multiple EVM-compatible blockchains, in a move to streamline the end-user experience in the Web3 space. The new protocol from Privado ID introduces cross-chain compatibility, enabling users to verify their identity once and use it across any supported blockchain.
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
NOVEMBER 5, 2024
Chinese tech giant Tencent and Visa announced a new partnership to bring palm recognition payments to international markets at the Singapore Fintech Festival. The pilot program will begin in Singapore, allowing Visa cardholders from participating banks like DBS, OCBC, and UOB to pay with their palms at select merchants. The first location to offer this technology is Alchemist, a café in Singapore.
Bank Automation
NOVEMBER 8, 2024
Younger bank clients are seeking more digital offerings from financial institutions as interest in physical bank branches declines, a new report shows. “To remain relevant to digital-first consumers, [financial institutions] need to offer an intuitive online and mobile banking solution and deliver experiences that younger consumers expect,” Chris Cox, chief operating officer at digital banking […] The post Digital offerings draw younger clients to FIs appeared first on Bank Automation New
Payments Dive
NOVEMBER 6, 2024
Sunil Sachdev, Fiserv’s head of embedded finance, shed light on his company’s latest high-profile collaborations.
Fintech Finance
NOVEMBER 7, 2024
Africhange , a leading cross-border remittance service provider, announced today that its Nigerian subsidiary, Currenzo , has secured the International Money Transfer Operator [IMTO] licence from the Central Bank of Nigeria [CBN]. This strategic move significantly improves Africhange’s ability to facilitate inward remittances for immigrants and diaspora communities sending money to Nigeria.
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
NOVEMBER 6, 2024
Deutsche Bank’s multi-chain asset servicing pilot, Project DAMA 2, has taken a huge step forward with technical contributions from Memento Blockchain and Interop Labs. This initiative, part of the Monetary Authority of Singapore’s (MAS) Project Guardian , aims to advance operating models for digital asset management, fund distribution, and servicing through blockchain technology.
Finextra
NOVEMBER 4, 2024
The Consumer Financial Protection Bureau has levied a $1.5 million fine on VyStar Credit Union for a botched system switch that left customers in the lurch, unable to access their money and accounts.
Payments Dive
NOVEMBER 4, 2024
Some of the corporate investors are also partnering with the accounts payable and receivable company they’re backing.
Bank Automation
NOVEMBER 4, 2024
Alliant Credit Union is looking to create value for its customers by offering digital solutions that traditional banks don’t offer. The $20 billion digital-only financial institution is on track to deliver more than $500 million in savings this year to its members than if they were banking at a traditional financial institution, Sumeet Grover, […] The post Alliant Credit Union saves customers $500M in 2024 appeared first on Bank Automation News.
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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.
Fintech News
NOVEMBER 4, 2024
Payment giant Mastercard has unveiled “Pay Local,” a new service that allows travelers to use their existing credit or debit cards within popular Asian digital wallets. Announced ahead of the Singapore Fintech Festival , Pay Local allows consumers to link their Mastercard credit or debit cards to local digital wallets. This will facilitate easy and seamless payments at over 35 million participating merchants across Asia Pacific.
TechCrunch Fintech
NOVEMBER 6, 2024
The Federal Trade Commission (FTC) announced on Tuesday it will be taking action against the online cash app and neobank Dave, which it says used “misleading marketing to deceive consumers.” At issue is how Dave marketed $500 cash advances to consumers that it rarely offered, and the “Express Fee” it charged if customers wanted their […] © 2024 TechCrunch.
Payments Dive
NOVEMBER 5, 2024
If the Justice Department were to block the Capital One-Discover deal while also going after Visa, “they’d be intellectually inconsistent,” a George Mason University law professor said.
Bank Automation
NOVEMBER 7, 2024
Chase for Business is innovating to meet the evolving needs of its small- to medium-sized business clients, John Frerichs, head of global SMB payments at JPMorgan Chase, told Bank Automation News. “One of the biggest changes in small business that we are continually adapting to is the need for a digital-centric ecosystem of payments products,” […] The post 5 questions with … John Frerichs of JPMorgan Chase appeared first on Bank Automation News.
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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.
Fintech News
NOVEMBER 5, 2024
A new partnership between global payments network Thunes and the popular Philippine digital wallet GCash will make it easier for Filipinos living in the U.K. and Europe to send money back home. Through this collaboration, GCash users can now top up their digital wallets directly from their European bank accounts in real-time. This service is estimated to benefit an estimated 2 million Filipino expatriates in Europe.
Fintech Finance
NOVEMBER 7, 2024
Bhutan Airlines is pleased to announce a new partnership with FinMont, a leading global payment orchestration platform. The leading airline has chosen FinMont global solution to provide a secure payment gateway incorporating a wide range of payment methods and ensuring a seamless customer transaction process. The founders of German airline, Hahn Air, launched FinMont to offer the travel industry a unique solution that, unlike other options available, streamlines not only B2C payments but also
Payments Dive
NOVEMBER 5, 2024
The government acknowledges payment volumes are rising, in part because of fintech growth. This competition wouldn’t be happening if a single entity, like Visa, controlled the ecosystem.
Fintech Review
NOVEMBER 6, 2024
Financial inclusion remains a global priority. Across emerging markets , millions of people lack access to essential banking services. Traditional banks, often limited by infrastructure costs, struggle to reach remote populations. In response, fintech companies are stepping up, using digital innovation to provide banking solutions to the unbanked and underbanked.
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.
Fintech News
NOVEMBER 6, 2024
Taiwan is showcasing its fintech capabilities at the Singapore Fintech Festival 2024 for the sixth year running. FintechSpace, Taiwan’s premier fintech accelerator backed by the Financial Supervisory Commission and the Taiwan Financial Services Roundtable, has brought a delegation of innovative companies to the global event. This year’s delegation features 11 fintech companies and 11 financial institutions, showcasing Taiwan’s growing strength in the field.
Fintech Finance
NOVEMBER 7, 2024
Breakthrough payment orchestration provider BR-DGE has appointed Chun Ong as its new Chief Operating Officer, as the company scales rapidly to meet unprecedented demand for its pioneering and modular services. With BR-DGE now processing millions of transactions monthly on behalf of high-volume customers spanning travel, ecommerce, gaming and other sectors, Chun’s appointment comes at a critical time for the business.
Finextra
NOVEMBER 4, 2024
Global Fintech leader, Broadridge Financial Solutions, Inc., (NYSE: BR), today announced the appointment of David Fellah as Vice President of AI Trading Solutions at Broadridge, effective October 16, 2024.
Payments Dive
NOVEMBER 5, 2024
After a limited trial run, customers can now use several popular digital currencies to buy items at all of the East Coast retailer’s 750-plus locations.
Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms
Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.
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