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& CEO, Silverflow Despite handling countless transactions daily, the payments industry operates on a foundation of outdated The post Legacy Systems: Are Payment Methods Stuck in the Past?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.
Fintech News
NOVEMBER 5, 2024
Ingenico, a French merchant services tech company, has partnered with Crypto.com to enable crypto payments for millions of merchants worldwide. This plug-and-play collaboration will allow consumers to pay with crypto at Ingenico terminals, while merchants can seamlessly receive settlements in their local currency, eliminating currency risk. The partnership leverages Ingenico’s new merchant wallet, connected to AXIUM Android terminals, designed to simplify the integration of crypto payments
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.
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
Fintech Finance
NOVEMBER 5, 2024
Swift , UBS Asset Management , and Chainlink have successfully completed a pilot for settling tokenized fund subscriptions and redemptions using the Swift network. This initiative would enable digital assets transactions to settle with fiat payment systems across more than 11,500 financial institutions, across over 200 countries and territories. Traditional fund operations often face inefficiencies in subscription and redemption processes, including manual interventions, delayed settlements, and
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
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.
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.
Fintech Finance
NOVEMBER 7, 2024
Lunu Pay , a leader in Web3 payment solutions, is excited to announce its collaboration with Ingenico , a global innovator in payment acceptance and services, to bring cryptocurrency payments to physical retail stores. Through this partnership, Ingenico’s Android-based POS terminals will now support crypto payments, allowing merchants to accept leading cryptocurrencies such as Bitcoin, Ethereum, and USDT, alongside over 70 crypto wallets, including Binance, Coinbase, and Trust Wallet.
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.
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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?
Fintech News
NOVEMBER 3, 2024
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
Finextra
NOVEMBER 4, 2024
UBS Asset Management has launched a tokenized money market investment fund built on ethereum distributed ledger technology.
Fintech Finance
NOVEMBER 7, 2024
Global fintech SumUp is pleased to announce that businesses signed up to the SumUp One multi-product subscription offering will no longer pay transaction fees on payments of £10 or less. In announcing this progression of the subscription offering, first launched March 2023, SumUp is further easing the burden on small merchants with this innovation, which will be available in Germany, the UK, France, and Italy.
Payments Dive
NOVEMBER 6, 2024
Sunil Sachdev, Fiserv’s head of embedded finance, shed light on his company’s latest high-profile collaborations.
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 6, 2024
Global payments infrastructure provider Nium has expanded its partnership with Kinexys by J.P. Morgan (formerly Onyx) to enhance cross-border payment accuracy in Malaysia, Thailand, and Hong Kong, This makes Nium the first fintech to provide data for validating bank account details in these markets. Nium Verify, a service offering insights into account beneficiaries, now integrates with Confirm, Kinexys’ global account validation platform.
Clearly Payments
NOVEMBER 6, 2024
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.
Fintech Finance
NOVEMBER 6, 2024
Maya , a leader in the payments sector in the Philippines, has announced the rollout of Fexco ’s Dynamic Currency Conversion (DCC) across its extensive network of merchants via Maya Business. This collaboration marks a significant step in Maya’s strategy to respond to the rising demands of international customers and the growing tourism sector in the Philippines.
Payments Dive
NOVEMBER 4, 2024
Some of the corporate investors are also partnering with the accounts payable and receivable company they’re backing.
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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 5, 2024
OCBC Bank has partnered with the Land Transport Authority of Singapore (LTA) to pilot a new blockchain payments solution for construction projects. This innovative system aims to streamline the disbursement of mobilisation advance payments to contractors, enhancing efficiency and transparency. These payments, often amounting to millions, help defray heavy upfront capital outlays for contractors at the start of projects.
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.
Fintech Finance
NOVEMBER 8, 2024
TD Bank Group (TD) is pleased to announce a collaboration with independent software vendor, TouchBistro, enabling Canadian restaurant and food service entrepreneurs to consolidate all management and payment services into one, easy to use POS and restaurant management system. Available to all TD customers, TouchBistro provides restaurateurs with everything they need to drive sales and streamline operations through their comprehensive suite of front of house, back of house, and guest engagement te
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).
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 5, 2024
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.
Finextra
NOVEMBER 4, 2024
Goldman Sachs has conducted research on the application of quantum computing in the options priing market.
Fintech Finance
NOVEMBER 6, 2024
Finseta , a leading international payments and foreign exchange (FX) business, has announced the launch of their new Confirmation of Payee (CoP) service powered by tell.money. This enhanced service is designed to upgrade payment security, reduce the risk of fraud, and ensure the accuracy of transactions. With the increasing concern over Authorised Push Payment (APP) fraud, which resulted in 252,626 reported cases in 2023, Finseta recognizes the critical importance of providing a solution that sa
The Payments Association
NOVEMBER 8, 2024
Europe-based PAYSTRAX was looking for a comprehensive solution that would help their merchants prevent chargebacks, expand their list of value-added services, and improve transaction acceptance. With DisputeHelp we were able to go to market quickly with Ethoca Alerts and Visa Rapid Dispute Resolution (RDR) and accomplish all three of these goals. Want to learn how?
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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 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 6, 2024
Donald Trump’s return to the U.S. presidency in 2024 marks a pivotal moment for the global cryptocur.
Fintech Finance
NOVEMBER 7, 2024
GoCardless , the bank payment company, has expanded its relationship with Big Red Cloud. The cloud accounting software company, which is an existing GoCardless customer, will now become one of its 350+ partners by integrating GoCardless’ payment capabilities into its platform. This means Big Red Cloud customers can use Direct Debit to automatically collect and reconcile recurring payments from their own clients directly within Big Red Cloud.
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