PCI Security Standards

OCTOBER 7, 2024

Welcome to our podcast series, Coffee with the Council. I'm Alicia Malone, Senior Manager of Public Relations for the PCI Security Standards Council. Today we'll meet one of the Council's newest employees, our Head of Product and Technology, Deanne Zettler. Deanne comes to the PCI SSC with more than 25 years of experience leading product and technology strategies, solutions and operations in financial services, including stops at Discover Financial Services and Silicon Valley Bank.

Product 105

Product Technology Security 105

Fintech News

OCTOBER 7, 2024

Capella Hotel Group has partnered with digital payment provider dtcpay to allow guests to pay using Digital Payment Tokens (DPTs). This option is now available at Capella Singapore and Patina Maldives, Fari Islands, where guests can settle their room bookings and other expenses with tokens like WUSD, USDT, USDC, Bitcoin, and Ethereum. At Capella Singapore, guests can complete transactions by scanning a QR code at the front desk using their digital wallets with the supported DPTs, while Patina Ma

Stablecoins 108

Stablecoins Payments Digital Payments Bitcoin 108

Stax

OCTOBER 1, 2024

Acquisition of BlockChyp brings new technology and industry expertise to Stax, furthering its evolution as a leading payment processor ORLANDO – October 1, 2024 – Stax , a leading payment technology provider, today announced its acquisition of BlockChyp , further expanding the company’s end-to-end processing capabilities. The addition of BlockChyp marks a significant, strategic expansion of Stax’s growing technology stack to drive increased value for partners and merchants and accelerate growth.

Payment Gateways 197

Payment Gateways Gateways Payment APIs and Integration Embedded Payments 197

Payments Dive

OCTOBER 1, 2024

The Federal Reserve’s interest rate reduction may give the company leeway to offer more consumers 0% interest or a lower APR, Affirm CFO Michael Linford said this week.

Federal Reserve 173

Federal Reserve Fed Consumer 173

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

Best Practices

Faster Payments Council

OCTOBER 3, 2024

Save the date for the 2025 FPC Spring Member Meeting on April 23-24, 2025, at the Westin San Diego Bayview Hotel in San Diego, California. More details coming soon!

FPC 167

FPC 167

Fintech News

OCTOBER 1, 2024

Global payments company Thunes has strengthened its partnership with Siam Commercial Bank (SCB) to enhance international remittance services through the SCB EASY app. This collaboration will allow SCB customers to send money instantly to 26 countries in 17 currencies with increased transparency and reliability. Through Thunes’ Direct Global Network, SCB EASY app users can transfer funds in real-time to destinations such as Australia, Canada, Cambodia, China, Denmark, Finland, India, Indone

Treasury 131

Treasury On-Demand Compliance Global Payments 131

Payments Dive

OCTOBER 4, 2024

The payments processor is only the second company to win the special bank charter since Georgia made it available.

Processors 179

Processors Payments 179

PCI Security Standards

OCTOBER 1, 2024

From 1 October to 1 November, eligible PCI SSC stakeholders are invited to review and provide feedback on the draft PCI PIN Transaction Security (PTS) Point of Interaction (POI) Modular Security Requirements v7.0 during a 30-day request for comments (RFC) period.

Request for Comment 109

Request for Comment Security Transactions Participant 109

Bank Automation

OCTOBER 7, 2024

Some financial institutions are decreasing their branch footprint as bank clients increasingly adopt digital offerings while Bank of America and JPMorgan are investing in their branch capabilities to meet evolving client needs. The case for expanding branch networks lies in evolving customer preferences, the role of the branch and tailored solutions, Joe Myers, executive vice […] The post Bank of America, JPMorgan invest in branch networks appeared first on Bank Automation News.

Automation 94

Automation Posting 94

Finextra

OCTOBER 1, 2024

The UK's Post Office is no longer offering MoneyGram services in the wake of a serious cyber security incident at the American money transfer giant.

Posting 126

Posting Security 126

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.

Payments

Payments Dive

OCTOBER 3, 2024

After the storm ripped through the southeastern U.S., consumers and merchants have been left grappling with card network outages and cash shortages.

Consumer 158

Consumer 158

The Fintech Times

OCTOBER 1, 2024

Seventeen cities across Colombia will now have access to inDrive Money, a service that offers income-based financing to drivers, as inDrive , the global mobility and urban services platform expands its service into the country. Drivers will now be able to access cash loans of up to COP 1,000,000 ($240) for a flexible period of three to five months.

Financial Inclusion 104

Financial Inclusion Underserved Origination Finance 104

Bank Automation

OCTOBER 2, 2024

Tens of thousands of Bank of America clients reported outages of online and mobile banking services today. At 1 p.m. ET, more than 20,000 clients had reported issues with the $3.2 trillion bank, according to website Downdetector, which publishes the status of outages in real time. Many clients posted to social platform X to alert […] The post Bank of America mobile app, digital interface down appeared first on Bank Automation News.

Online and Mobile Banking 112

Online and Mobile Banking Mobile Banking Automation Posting 112

Fintech News

OCTOBER 1, 2024

Siam Commercial Bank ( SCB ) has selected Databricks’ Data Intelligence Platform to centralise its data and AI assets. This move is part of its broader digital transformation efforts, including an upgrade to its core banking system. With over 17 million customers and 1.5 billion monthly transactions, SCB will use the Databricks platform, built on Microsoft Azure, to enhance its data management and personalised banking services.

AI 122

AI Accreditation Governance Government 122

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Finextra

OCTOBER 2, 2024

The Financial Conduct Authority has fined Starling Bank £29 million for failings related to its financial sanctions screening.

AML 116

AML Authorization 116

Payments Dive

OCTOBER 2, 2024

Zelle, the popular peer-to-peer payment service, and rivals should be more upfront with consumers about the ability to ask for money back, Consumer Reports says.

Payments Tools 153

Payments Tools P2P Zelle Consumer 153

Fintech Finance

OCTOBER 4, 2024

Paysend and Mastercard have partnered to launch Paysend Libre in Mexico in a move to drive financial inclusion in a region where the majority of the population is still underbanked or unbanked. Based on a virtual Paysend Mastercard, Paysend Libre is a revolutionary way to receive remittances that is simple to use, convenient, and secure. The launch brings together the strengths of Mastercard and Paysend in collaboration; Mastercard with its acceptance network, and Paysend’s enormous strength in

Financial Inclusion 99

Financial Inclusion Visa Cross-Border Security 99

Bank Automation

OCTOBER 3, 2024

Credits unions tapping Dublin-based fintech Pulsate for mobile solutions see a return on investment with a major uptick in funded loans, engagement and transactions. It is imperative that “community financial institutions [are equipped with] the tools they need to not just survive in this digital-first world, but be competitive,” Sarah Martin, chief executive of mobile […] The post Mobile solutions offer competitive edge for credit unions appeared first on Bank Automation News.

Credit Union 103

Credit Union Returns Automation Transactions 103

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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.

Payments

Fintech News

OCTOBER 1, 2024

The last decade has seen significant growth in Islamic banking globally, with the Asia-Pacific (APAC) region emerging as a pivotal hub for Islamic finance, driven by rising customer demand and the adoption of modern technologies. A new paper produced by Systems Limited, a publicly listed Pakistani technology company, in collaboration with Temenos, explores the rapid developments in Islamic banking, particularly in Indonesia and Malaysia, and the increasing role of technology such as open banking

Treasury 116

Treasury AI Finance Laws 116

Finextra

OCTOBER 2, 2024

Klarna, the AI-powered global payments network and shopping assistant, has unveiled “Apple from Klarna”, a storefront in the Klarna app and Klarna.com where customers can purchase Apple products using its flexible payment options.

Payment Networks 98

Payment Networks AI Global Payments Product 98

Payments Dive

OCTOBER 7, 2024

Fiserv has allowed Zūm Rails to use its embedded finance system to bring open banking and instant payments to Fiserv’s U.S. business customers.

Embedded Finance 97

Embedded Finance Instant Payments Finance Payments 97

Fintech Review

OCTOBER 1, 2024

By James Roberts , Digital Marketing Manager at FullCircl. A new focus on digital identity verification As the financial landscape continues to evolve, the importance of Anti-Money Laundering ( AML ) and Know Your Customer (KYC) processes has never been more pronounced. These protocols are integral to combating financial crime and ensure regulatory compliance.

AML 98

AML Verification Research Consumer 98

Speaker: David Nisbet, Everett Zufelt, and Michaela Weber

Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.

Transactions

Clearly Payments

OCTOBER 3, 2024

Payment terminals, often referred to as point-of-sale (POS) terminals or credit card machines, are devices that enable businesses to accept electronic payments from customers. There is a difference between a payment terminal (credit card machine) and a POS. In general terms, a payment terminal is a tool that just takes payments, while a POS system is a full toolkit that not only takes payments but also helps run various parts of a business.

Credit Cards 92

Credit Cards Contactless Payments Payments Point-of-Sale (POS) 92

Fintech News

OCTOBER 2, 2024

Google has revealed plans to invest US$1 billion in Thailand, constructing a data center and cloud region in Bangkok and Chonburi. This move is projected to boost Thailand’s GDP by US$4 billion by 2029 and create an average of 14,000 jobs annually from 2025 to 2029. The investment aims to address the increasing demand for cloud services in Southeast Asia.

AI 115

AI On-Demand Governance Government 115

Finextra

OCTOBER 4, 2024

AMINA Bank, a leading global crypto bank, has today announced its partnership with Tenity, a global innovation ecosystem and early-stage VC with a strong focus on fintech. Through this collaboration, AMINA will provide a combination of banking solutions and mentorship to eligible companies in Tenity’s extensive network of startups.

Innovation 88

Innovation FinTech 88

Payments Dive

OCTOBER 7, 2024

The number of banks receiving real-time payments will outpace the number of those sending payments through at least 2028, according to a new survey by the U.S. Faster Payments Council.

Real Time Payments 78

Real Time Payments Faster Payments Payments 78

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.

Continuity

NFCW

OCTOBER 1, 2024

NFC TAGS: The chips are being added to ski jump suits to monitor competitors’ adherence to regulations NFC chips are to be added to competition-level ski jump suits to monitor whether competitors are adhering to regulations. The sport’s governing body, FIS , is restricting the number of suits competitors can use during the World Cup and other major world-class events from next winter, so gluing NFC chips to the individual parts of each suit will enable precise measurements to be taken quic

CHIPS 95

CHIPS Rules Regulations Governance 95

Fintech Finance

OCTOBER 1, 2024

ebankIT has established a partnership with Neural Payments, focusing on shaping innovation designed for real people and the way they live – a priority aligned with Neural Payments’ own. As a Marketplace Partner, Neural Payments will be able to integrate its flagship white-label peer-to-peer (P2P) payments platform and other payments solutions into the ebankIT platform to enhance client financial institutions’ digital offerings, making payments and funds transfers easier, faster and more secure a

P2P 95

P2P Payments Funds Transfer Payment Solutions 95

Fintech News

OCTOBER 2, 2024

South African digital bank, TymeBank , has surpassed the milestone of 10 million users just under six years after its launch in 2019. The bank, which is the first digital bank in Africa to reach profitability, now holds close to R7 billion (US$402.5 million) in customer deposits, making it one of the fastest-growing bank in South Africa based on deposits for 2024.

Small Business 115

Small Business FinTech AI Posting 115

Finextra

OCTOBER 4, 2024

The UK Treasury will give banks new powers to delay payments by up to 72 hours to investigate suspected fraud or scams.

Scams 110

Scams Treasury Payments 110

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.

Embedded Finance