Wed.Nov 20, 2024

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Moss to embed global bank transfers with Airwallex

Finextra

Moss, a leading innovator in B2B spend management solutions, has partnered with Airwallex, the leading global payments and financial platform for modern businesses, to embed global bank transfers and expand operational capabilities, supporting Moss’ international growth ambitions.

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October 2024 Changelog

Basis Theory

The last quarter of the year got off to a great start with the release of Token Intents and Bank Verification enrichment. Read on for more information. Token Intents We released Token Intents , short-lived resources that can take card details, including CVC, directly from Elements for the purpose of authorization. These token intents allow merchants to authorize the received card details (within a 48-hour window) without first needing to create and store a token in the Vault.

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Xoom Enables Partners to Use PayPal USD for Faster Cross-Border Payments

Fintech News

PayPal has announced that its disbursement partners can now use PayPal USD (PYUSD) to settle cross-border money transfers via Xoom, its digital remittance platform. Xoom, a PayPal service, offers digital remittance services in over 160 countries, providing users with a convenient platform to send money, pay bills, and reload phones. This move aims to reduce the cost and increase the speed of international money transfers by leveraging blockchain technology.

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Empowering Financial Institutions: An Interview with the CEO of Almond FinTech

Fintech Review

In this exclusive Fintech Review interview, Adam Swartzbaugh, CEO of Almond FinTech , discusses transformative cross-border payment technology. Almond’s blockchain-driven Settlement Optimization Engine (SOE) addresses critical speed, transparency, and cost challenges in cross-border payments. The SOE optimises transaction routes and provides near-instantaneous settlement for financial institutions globally.

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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

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GXS Bank to Launch Business Banking Offerings in Early 2025

Fintech News

GXS Group is set to launch its business banking services in early 2025, starting with Singapore, as part of its efforts to expand offerings and serve underserved segments across Southeast Asia. The services will initially target sole proprietorships and micro-businesses. This will include business operating accounts and unsecured credit lines with flexible features like daily interest crediting, no early repayment fees, and savings for early loan repayments.

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Afterpay’s BNPL Now Available on Google Pay, Offering Shoppers Even More Choice and Flexibility

Fintech Finance

Afterpay , a leading Buy Now, Pay Later (BNPL), announced today its flexible payment functionality will be available for consumers checking out online through Google Pay at select merchants. For consumers who are looking for more ways to pay this holiday season, they can now choose Afterpay at checkout to spread their purchases out in installments. According to an Afterpay survey, 1 in 3 shoppers considered using BNPL due to the convenience and flexibility it affords them, with Afterpay users ci

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More Trending

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Strategic Partnership: Tarabut & Geidea Sign MOU to Explore Game-Changing SME Financing Solutions in Saudi Arabia

Fintech Finance

Tarabut , the MENA region’s leading, regulated open banking platform, and Geidea , Saudi Arabia’s leading payments solutions provider, have entered a strategic partnership to explore and potentially develop tailored SME financing solutions, subject to regulatory approvals. Today, SMEs represent 1.3 million businesses in Saudi Arabia, and they face a financing gap of over SAR 300 billion.

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DC attorney general sues EarnIn over ‘deceptive’ marketing

Payments Dive

The fintech couches its “cash out” product as earned wage access, but it’s a loan that, at times, carries 300% interest with a poorly disclosed fee for “instant” payouts, the AG said.

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From Cash to Contactless: Understanding the Future of Payment Habits Across the UK

Fintech Finance

New research from NatWest has revealed the continued fast pace of change in the payments behaviours of people across the UK. As digital payments become more readily available, in 2024, only 8% of adults report that they still use cash and coins “all of the time,” according to new NatWest data. The research, surveying over 2,000 adults across the UK, highlighted the impact of digital alternatives, indicating that the vast majority of cash users are able and willing to use card or contactless paym

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How passing the CCCA would benefit nonprofits

Payments Dive

"Nonprofits and charities need every penny they can get to make effective change in times of crisis, yet big banks and credit card companies continue to take their cut," writes one policy analyst.

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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?

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Fintech giant Finastra confirms it’s investigating a data breach

TechCrunch Fintech

An incident disclosure shared with Finastra's banking and financial customers confirms a hacker stole files from a company system. © 2024 TechCrunch. All rights reserved. For personal use only.

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Singaporeans Increasingly Rely on Social Media for Financial Advice

Fintech News

A new study by MoneySmart reveals that social media has become the go-to source for financial advice in Singapore. Over half (51%) of adults rely on platforms like YouTube, Instagram, Facebook, TikTok, and WhatsApp for financial guidance. This marks a significant shift away from traditional sources like family, friends, and financial advisors. The study, which surveyed 1,000 Singaporean adults across all age groups, found that social media is influencing key financial decisions.

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K3 MStore Partners With DNA Payments to Deliver Unified Payment Solutions for Visitor Attractions

Fintech Finance

K3 MStore , the leading all-in-one retail platform for visitor attractions, is proud to announce an exciting partnership with DNA Payments , one of the largest independent omnichannel payments companies in the UK and EU. This collaboration will offer a seamless and unified payment solution for visitor attractions, enabling organisations to effortlessly integrate their onsite and online payment systems.

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Sweden's Riksbank presents case for modernisation of retail payments infrastructure

Finextra

Sweden's central bank says the country's retail payment infrastructure needs to be modernised to accommodate more instant payments and third party access to payment and settlement rails.

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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

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Thunes Fortifies Global Compliance with Appointment of Peter Cohen as Chief Compliance Officer

Fintech Finance

Thunes , the Smart Superhighway to move money around the world, today announced the appointment of Peter Cohen as its new Chief Compliance Officer, effective immediately. Reporting to General Counsel Ruwan De Soyza as part of the Legal & Compliance Function, Peter will play a major role in advancing Thunes’ commitment to world-class compliance standards.

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Online Checkout and Payment Security – Balancing Act and Moving Target?

Finextra

In this FinextraTV interview, Mark Barnett, President Europe, Mastercard and Alexa von Bismarck, President EMEA, Adyen, explain how the payments industry must strike a balance between providing an efficient consumer experience and a secure experience. From Chip and PIN to Tap and Pay to using a device to pay to purchasing online now – where most of the security issues sit – the pair discuss how tokenisation could be a solution for mitigating the moving target of fraud and friction.

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Moss Partners With Airwallex to Enhance and Streamline Global Payments

Fintech Finance

Moss , a leading innovator in B2B spend management solutions, has partnered with Airwallex , the leading global payments and financial platform for modern businesses, to embed global bank transfers and expand operational capabilities, supporting Moss’ international growth ambitions. Moss, which provides real-time visibility and control over company spending and reduces administrative burdens on finance teams, needed to enhance its Bill Pay product with more coverage and additional currencies.

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How do Regulations Make the World of Alternative Investment More Secure?

The Fintech Times

Financial advice can be a sensitive topic – those giving it don’t want to mislead customers, while customers are wary about the level of trust they can place in their advisers. Nonetheless, done correctly, investing can be a very beneficial way for someone to use their funds. This November we are exploring all the aspects of wealthtech and how the industry has developed this year.

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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.

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ICapital expands model portfolio suite

Finextra

ICapital, the global fintech platform driving the world’s alternative investment marketplace for the wealth and asset management industries, today announced the launch of a new iCapital Growth Model Portfolio, which enables advisors to easily integrate exposure to private equity investments with traditional public market investments.

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Financial Technology Association Sets Out to Tackle Holiday Shopping Fraud With ‘Smarter Than Scams’

The Fintech Times

Many consumers believe they would not fall victim to classical fraud attempts, but criminals are becoming more sophisticated. In fact, 75 per cent of US shoppers will encounter scams when looking to buy things online. In an attempt to ensure consumers do not fall victim, the Financial Technology Association (FTA) is launching its annual campaign, Smarter Than Scams.

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Three quarters of UK consumers still carry cash for emergencies says NatWest

Finextra

While the decline in cash use contnues, new research from NatWest demonstrates its enduring versatility, with three quarters of UK consumers still carrying paper money and coins in case of emergencies.

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Coverdash Joins Forces With LendingTree to Support SMBs With Embedded Business Insurance

The Fintech Times

Coverdash , an insurtech broker focused on startups and SMBs, is partnering with LendingTree , the online financial marketplace, to provide LendingTree customers with access to business insurance. Through the collaboration, LendingTree will offer a fully embedded insurance offering from Coverdash to its customers, without them ever having to leave its platform.

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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.

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ACI Worldwide Scamscope Projects APP Scam Losses to Hit $7.6 Billion by 2028

Fintech Finance

Authorized push payment (APP) scam losses are on the rise, expected to climb to $7.6 billion by 2028 across six leading real-time payment markets (U.S., U.K., India, Brazil, Australia and UAE), according to the latest Scamscope report from ACI Worldwide  (NASDAQ: ACIW), an original innovator in global payments technology, in partnership with GlobalData, a leading data and analytics company.

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Digital Document Forgeries Overtake Physical Forgeries For the First Time As Deepfakes on the Rise

The Fintech Times

Artificial intelligence (AI) has emerged as a key component in the modern fight against fraud. However, it is unfortunately being used by both sides as AI-assisted fraud is growing more frequent and more sophisticated according to a new report from the think tank that provides insights to help organizations protect themselves, adapt, and grow, The Entrust Cybersecurity Institute.

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Cilab adds support for testing EMV contactless payments acceptance on NFC devices

NFCW

CILAB CI230: Now able to validate EMV interoperability and payment acceptance on NFC devices PARTNER NEWS: The Cilab ci230 high speed test bench now includes support for testing NFC device compliance with EMVCo’s new reduced range testing process for contactless payments acceptance on standard NFC devices. The Softpos test suite is able to validate interoperability and payment acceptance for TapToMobile, Tap on Phone, Tap on Mobile, Tap to Phone and Tap to Pay systems, Cilab says. “T

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PayFuture Sets Up Base of Operations in Pakistan to Accelerate E-commerce Sector

The Fintech Times

International businesses looking to establish themselves in the Pakistani e-commerce market will now have an easier time doing so, as payment technology provider, PayFuture , launches its operations in the country. Consumers in Pakistan are quickly embracing digital solutions, with 83 per cent of the population having a smartphone, and 39 per cent having access to the internet.

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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.

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5 Tales from the Crypto: Acquisitions, New Markets, New Rules, and New Tools

Finovate

This week in 5 Tales from the Crypto we look at a pair of acquisitions, an expansion into a new market, new guidelines for crypto providers, and a new solution for executing cryptocurrency swaps. Crypto.com acquires Australia’s Fintek Securities Cryptocurrency trading platform Crypto.com has acquired brokerage service and trading company Fintek Securities.

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Papa Johns Bolsters Payments Performance in Partnership With Checkout.com

The Fintech Times

Papa Johns , the global pizza brand, has improved its payment performance and expanded the number of payment methods it offers customers, in partnership with global digital payments company, Checkout.com. Papa Johns customers in the UK can now enjoy an improved digital payments experience across its 400 locations nationwide – with the brand seeing a six per cent increase in acceptance rates for card transactions after working with Checkout.com.

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Curve Appoints Payments’ Specialist Edoardo Volta as SVP Partner Marketing and Business Development

Fintech Finance

Curve , the ultimate digital wallet, has announced the appointment of Edoardo Volta as SVP, Partner Marketing & Business Development. With a distinguished career spanning over 20 years, having held senior business development and partnership roles at Mastercard, Visa, and American Express, Edoardo brings exceptional expertise and strategic vision to Curve’s ambitious growth plans.

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NatWest Begins to Upgrade 5,500 ATMs for ‘Self-Service Refresh’ in Collaboration With NCR Atleos

The Fintech Times

NatWest Group , the UK-based banking organisation serving over 19 million customers, is expanding its partnership with NCR Atleos , the firm focused on expanding self-service financial access for financial institutions, retailers and consumers, with plans to transform its self-service banking channel, building a strong foundation for innovation and success.

ATM 59
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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.