Sat.Nov 02, 2024 - Fri.Nov 08, 2024

article thumbnail

Legacy Systems: Are Payment Methods Stuck in the Past?

Payments Next

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& CEO, Silverflow Despite handling countless transactions daily, the payments industry operates on a foundation of outdated The post Legacy Systems: Are Payment Methods Stuck in the Past?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 100
article thumbnail

Afterpay to arrive on 24M Cash App cards

Payments Dive

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.

article thumbnail

New Guidance Coming for E-commerce Security Requirements in PCI DSS v4.x

PCI Security Standards

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).

PCI DSS 133
article thumbnail

Central banks form steering organisation to oversee roll out of Project Nexus

Finextra

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.

article thumbnail

From Start to Scale: Driving Growth Through Seamless Payments Implementation

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

article thumbnail

Deutsche Bank’s Project DAMA 2 Gains Momentum Under MAS’ Project Guardian

Fintech News

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.

article thumbnail

How Trump’s administration may rework payments policies

Payments Dive

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.

More Trending

article thumbnail

Standard Chartered embeds with Wise for global remittances

Finextra

Wise has signed Tier 1 global bank Standard Chartered to use its platform for cross-border remittances in Asia and the Middle East.

article thumbnail

OCBC Now Offers Instant Transfers to WeChat Pay and Alipay in China

Fintech News

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.

article thumbnail

Fed aims to make instant payments the norm

Payments Dive

“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.

article thumbnail

New Privado ID Protocol Enables Users to Verify Identity Across Multiple Blockchains

The Fintech Times

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.

article thumbnail

15 Modern Use Cases for Enterprise Business Intelligence

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?

article thumbnail

Fintech Solutions for Financial Inclusion in Emerging Markets

Fintech Review

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.

article thumbnail

Fintech Excellence Awards Winners Revealed at SFF 2024

Fintech News

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

FinTech 116
article thumbnail

Fiserv exec opens up on Walmart, DoorDash partnerships

Payments Dive

Sunil Sachdev, Fiserv’s head of embedded finance, shed light on his company’s latest high-profile collaborations.

article thumbnail

CFPB fines VyStar Credit Union $1.5 million for bungled online banking roll out

Finextra

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.

article thumbnail

eCommerce in 2025: How Customer Experience Drives Online Retail Success

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

article thumbnail

Alliant Credit Union saves customers $500M in 2024

Bank Automation

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.

article thumbnail

Mastercard Launches ‘Pay Local,’ Linking Its Cards to 4 Major Asian e-Wallets

Fintech News

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.

Visa 120
article thumbnail

Fiserv, Capital One, others invest $150M in Melio

Payments Dive

Some of the corporate investors are also partnering with the accounts payable and receivable company they’re backing.

Accounts 160
article thumbnail

The FTC comes after neobank Dave for misleading marketing, hidden fees

TechCrunch Fintech

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.

FTC 106
article thumbnail

Top Strategies to Future-Proof & Sustain Your Merchant Services Portfolio

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.

article thumbnail

Digital offerings draw younger clients to FIs

Bank Automation

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

article thumbnail

Nium Boosts Cross-Border Payment Efficiency with Partior

Fintech News

Nium, a global payments infrastructure provider, announced a partnership with Partior , a blockchain-based clearing and settlement network, at the Singapore Fintech Festival 2024. This collaboration makes Nium the first fintech payment service provider to join the Partior network, unlocking new capabilities such as programmable enterprise liquidity management and Just-in-Time multi-bank payments for financial institutions.

article thumbnail

DOJ’s Visa lawsuit could affect Capital One-Discover review

Payments Dive

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.

Blocks 97
article thumbnail

Nexi Group Q3 2024 Financial Results

Fintech Finance

The Board of Directors of Nexi S.p.A. approved on November 7th the Group’s consolidated financial results as of September 30th 2024. Key consolidated financial managerial results: Merchant Solutions 1,382.3 1,477.2 +6.9% 501.2 534.4 +6.6% Issuing Solutions 784.5 818.1 +4.3% 271.3 278.7+2.8% Digital Banking Solutions 268.7 276.3 +2.8% 94.6 98.0 +3.6% Operating revenue 2,435.5 2,571.6 +5.6% 867.1 911.1 +5.1% Personnel Costs (541.7) (563.7) +4.1% (169.0) (169.2) +0.1% Operating Costs (635.4) (658.0

Volume 97
article thumbnail

7 Essential Criteria for Choosing the Right Payments Partner

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.

article thumbnail

5 questions with … John Frerichs of JPMorgan Chase

Bank Automation

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.

article thumbnail

Tencent and Visa Roll Out Palm Payment Trial in Singapore

Fintech News

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.

article thumbnail

DOJ’s Visa suit is unfounded

Payments Dive

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.

Volume 88
article thumbnail

Bhutan Airlines Announces Partnership with FinMont, the Global Payment Orchestration Platform

Fintech Finance

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

article thumbnail

Enhance Customer Value: Unleash Your Data’s Potential

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.

article thumbnail

Broadridge appoints David Fellah as VP of AI trading solutions

Finextra

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.

AI 98
article thumbnail

BIS Exits ‘Project mBridge’ Citing Maturity Amid BRICS Speculation

Fintech News

The Bank for International Settlements ( BIS ) Innovation Hub announced that it has “graduated out” of Project mBridge. Project mBridge is a major cross-border payments initiative designed to leverage wholesale central bank digital currencies (CBDCs). BIS General Manager Agustín Carstens shared the transition during a fireside chat at the Santander International Banking Conference 2024 in Madrid, emphasizing that the decision was due to the project’s maturity and not political reason

article thumbnail

Payment Processing USA: 2024 Market Overview

Clearly Payments

The payment processing market in the United States has demonstrated robust growth, driven by rising consumer demand for digital payments, advancements in financial technology, and the expansion of e-commerce. This report provides a comprehensive analysis of the U.S. payment processing landscape, covering market size, merchant demographics, transaction volumes, major players, and key trends shaping the industry.

Process 95
article thumbnail

PayPoint and Share Energy Partner to Improve Customer Payment Services

Fintech Finance

PayPoint and Northern Ireland electricity supplier, Share Energy , are pleased to announce a new partnership that will provide pre-payment customers with convenient payment solutions available immediately at PayPoint locations. The partnership means all pre-payment Share Energy customers can now top-up their electricity meters in any one of PayPoint’s 1,167 stores in Northern Ireland.

article thumbnail

Loyalty 101: How To Turn Browsers Into Buyers For Lasting Engagement

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.