article thumbnail

Visa Reinvents the Card, Unveils New Products for the Digital Age at Visa Payments Forum CEMEA 2024

Fintech Finance

Today at the annual Visa Payments Forum for Central and Eastern Europe, Middle East and Africa, Visa unveiled a suite of new products and services that will ­revolutionize the card and address the future needs of consumers, merchants and the financial institutions that serve them across the region.

article thumbnail

Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

While the anticipation for Amazon’s plunge into banking gets louder each year, it’s important to first understand Amazon’s existing strategy in financial services — what Amazon has launched and built, where the company is investing, and what recent products tell us about Amazon’s future ambitions. Amazon Payments.

article thumbnail

Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Virtual card issuance. Business lending and corporate cards. Supporting merchant partner growth. Growing the internet economy.

article thumbnail

ACH Fraud Is Rising - And New NACHA Measure Leaves Gaps

FICO

These scams are typically Authorized Push Payment (APP) schemes in which the transaction is executed by the customer directly, often via—wait for it—ACH payments. Specifically, ACH Originators of WEB debit entries are required to use a “commercially reasonable fraudulent transaction detection system” to screen WEB debits for fraud.

NACHA 52
article thumbnail

How Banks Can Stay Relevant In The Era Of SaaS Dominance

PYMNTS

People don’t tend to think of them as a payments provider, but a very large part of what they do is move money seamlessly between consumers and the micro-businesses, called drivers.”. They called the bank and asked for a merchant account.”.

article thumbnail

24 Industries & Technologies That Will Shape The Post-Virus World

CB Insights

The Covid-19 pandemic has pushed health services online. As the Covid-19 pandemic has charted its unprecedented path around the world, it’s carried with it the question: What will Covid-19’s legacy be? From healthcare to education to entertainment to manufacturing, technology innovators are stepping forward to help answer that question.

Posting 101
article thumbnail

Sleepless In 2017: The Eight Big Shifts That Should Keep FIs, Retailers and Payments Execs Up At Night

PYMNTS

The civilization that emerged and flourished on the island of Crete from 2000 BC to roughly 1500 BC was defined by artisans, farmers and traders — and a surprising degree of entrepreneurship for a civilization obsessed with Greek gods and fearful of the mythical Minotaur.