Fintech Finance

JULY 15, 2024

WorldFirst, Ant International’s one-stop digital payment and financial services platform for global businesses, will reinforce its participation in SEPA to enable businesses to make online cross-border payments and fund transfers more seamlessly within the SEPA Zone.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Treasury Management Treasury 98

Finovate

AUGUST 6, 2024

The company’s API facilitates seamless fund transfers between bank accounts and cards, providing a fast, secure, and built-for-scale alternative to traditional fund transfer methods such as ACH. Founded in 2016, Astra is headquartered in Menlo Park, California.

Instant Payments 58

Instant Payments Deposit Account Credit Union Payment APIs and Integration 58

PYMNTS

DECEMBER 11, 2018

.” The prepaid card solution will not include service charges or minimum balance requirements, reports said, and will provide support for integration with mobile wallets, while enabling ATM withdrawals, inter-card fund transfers and split transaction features.

Visa 60

Visa End User Commercial Card Funds Transfer 60

The Fintech Times

AUGUST 28, 2024

.” The licence will also streamline fund transfers and payment collections across diverse customer segments and locations in Uganda , enabling businesses to benefit from efficient, reliable, and tailor-made payment solutions through either Flutterwave for Business or SendApp.

Security 59

Security Cross-Border Payments Cross-Border Financial Inclusion 59

PYMNTS

MARCH 22, 2019

As noted by VentureBeat , the five-year-old firm has been profitable since 2016. We’re not a bank, but we’re offering more banking services … Customers are now coming to us not just for loans, but for cheaper funds transfer, more convenient bill payment and to know their credit scores,” said Dozie.

FinTech 71

FinTech Origination Funds Transfer Acquirers 71

PYMNTS

FEBRUARY 1, 2019

The Federal Reserve Bank of New York announced that it will formally assist Bangladesh Bank in a lawsuit to recover funds stolen by hackers.

Federal Reserve 44

Federal Reserve Fed Money Laundering Central Bank 44

PYMNTS

JANUARY 21, 2020

The American Hospital Association (AHA) told PYMNTS via email that hospitals often prefer that insurance companies pay them through the low-cost, digital Healthcare Electronic Funds Transfer standard. Those seeking to avoid such budgetary pains must encourage insurers to send electronic fund transfers (EFTs) as soon as possible.

Electronic Funds Transfer (EFT) 52

Electronic Funds Transfer (EFT) Funds Transfer Procedures Adjustments 52

The Fintech Times

JULY 15, 2024

WorldFirst, Ant International’s one-stop digital payment and financial services platform for global businesses, is looking to reinforce its participation in SEPA to enable businesses to make online cross-border payments and fund transfers more seamlessly within the SEPA Zone.

Cross-Border Payments 49

Cross-Border Payments Cross-Border Payment Solutions Treasury Management 49

PYMNTS

FEBRUARY 9, 2017

8) said the solution, which has so far focused on the P2P electronic funds transfer space, will soon provide a way for companies to pay each other using its technology. 2016 rollout had to be pushed back thanks to a “technical glitch.” Reports Wednesday (Feb.

B2B 40

B2B Central Bank Payments P2P 40

PYMNTS

MARCH 26, 2019

In 2016, researchers at Coversy revealed the majority of U.K. small businesses pay “completely unnecessary” fees to their banks when making global payments, while separate analysis from Accourt similarly pointed to banks’ practice of obscuring their methods for calculating and charging FX fees, resulting in $5.8

Risk 69

Risk Cross-Border Cross-Border Payments Multi-Currency 69

Clearly Payments

MARCH 18, 2024

In recognizing the significance of FedNow, we attain a comprehensive understanding of the ongoing enhancements in digital cash transfers across the nation. It facilitates instantaneous fund transfers between bank accounts, operating seamlessly 24/7/365.

Credit Cards 105

Credit Cards Federal Reserve FedNow Online and Mobile Banking 105

PYMNTS

JUNE 13, 2018

“PayStand has built a unique infrastructure capable of natively supporting Canadian electronics funds transfer (EFT) and card payment technology, essentially transforming and modernizing the entire payments lifecycle for businesses, no matter the manner of payment.”

Electronic Funds Transfer (EFT) 43

Electronic Funds Transfer (EFT) B2B Blockchain ISO 20022 43

PYMNTS

SEPTEMBER 9, 2016

8) said Xero has now integrated with electronic bill payment system BPAY in Australia, a capability made possible thanks to its new partnerships with the Macquarie Bank DEFT payments system and EFTPOS (electronic funds transfer at point-of-sale) provider Tyro. The integration should be live by the end of 2016, the executive said.

Small Business 40

Small Business Funds Transfer Accounts On-Demand 40

PYMNTS

JUNE 11, 2019

Those customers are now having funds transferred to other Chase accounts, across savings and checking options. Launched in 2016, Marcus currently has more than 4 million customers, and had $30 billion in deposits last year. The pilot program began in October 2017, and a nationwide rollout came out in June of last year.

Funds Transfer 40

Funds Transfer Adjustments Origination Consumer 40

PYMNTS

JULY 20, 2016

Businesses across 100 countries have been affected; reports of the scam in 2016 are already up by 270 percent. ” Plus, reports added, Hong Kong has had issues with money laundering after authorities in 2012 stated the city was noncompliant due to a lack of controls when funds are transacted across borders.

FBI 40

FBI Scams Email Compromise Wires 40

Fintech News

MARCH 26, 2024

13 PolicyStreet (Malaysia) Founded in 2016 by Wilson Beh, Yen Ming Lee, and Winnie Chua, PolicyStreet aims to make insurance products more accessible and affordable, and was recognised as the Top Insurtech Startup at the Fintech Frontiers Awards Malaysia 2023. #14

FinTech 105

FinTech APACS Payment APIs and Integration Multi-Currency 105

PYMNTS

JULY 17, 2018

Proponents of the bill noted the fees linked to funds transfers when healthcare providers wanted to move funds stored on a virtual card into their accounts; reports said those fees could reach as high as 5 percent, and for large hospitals the costs added up into the thousands of dollars. .”

Payroll 40

Payroll Legal Laws Debit Card 40

PYMNTS

JUNE 5, 2017

Separately, but still germane to Europe, Global Trade Review reported that firms also have a “lack of common understanding” of just what lies behind the EU Funds Transfer Regulation 2015, which takes effect later this month.

Regulations 40

Regulations Money Laundering Funds Transfer Rules 40

PYMNTS

MARCH 8, 2017

billion) — were processed in January alone, a 23 percent spike from the amount processed in January 2016. As new faster payment infrastructures arise, some payment providers are turning to proxy services to distribute funds. Across the pond, for example, the latest statistics from the U.K.’s s Faster Payments scheme indicate 129.7

Faster Payments 43

Faster Payments Consumer Payments NACHA 43

PYMNTS

AUGUST 9, 2017

According to research from RBR , at the end of 2016, more than six billion UnionPay-branded cards existed worldwide. Their upgrade of the standard convinced regulators to lift the ban in 2016, but UnionPay had invested similarly in QR code upgrades and found itself almost irrevocably behind when the ban was lifted.

Online and Mobile Banking 46

Online and Mobile Banking Push-to-Card Payments Mobile Payments 46

Fintech News

MARCH 6, 2024

Suning Bank received its banking license from the China Banking Regulatory Commission (CBRC) in December 2016, and commenced operations in June 2017 with registered capital of 4 billion yuan. which operates the popular messaging app KakaoTalk, and was established in 2016, receiving its banking license in April 2017.

Online and Mobile Banking 137

Online and Mobile Banking Debit Card Non-Bank Push-to-Card 137

PYMNTS

JULY 4, 2017

The country’s annual growth rate for the 2016-2017 fiscal year slipped to 7.1 Smartphones reign within mobile, and the government introduced a United Payments Interface app that ties together interbank fund transfers and Aadhaar. percent, off from 8 percent in the previous year. Mobile reigns here.

Online and Mobile Banking 44

Online and Mobile Banking ATM Push-to-Card Financial Inclusion 44

Fintech Labs Insights

JUNE 20, 2016

1 and Unplugged wallets, Ledger’s Nano S differentiates itself by offering a built-in OLED display and by adding protection for Ethereum fund transfers. At FinovateEurope 2016 Ledger CEO Eric Larchevêque debuted Ledger Blue , a touch screen smartcard for developers. A successor to the HW.1

Funds Transfer 20

Funds Transfer Blockchain Bitcoin Checks 20

Clearly Payments

NOVEMBER 26, 2023

According to a 2022 survey, 90% of HVAC contractors now embrace credit cards as a preferred payment method, showcasing a remarkable surge from the 65% reported in 2016. This is up significantly compared to 2016 when 65% of HVAC companies accepted credit cards. Several factors contribute to this notable increase.

Credit Card Payment Processing 52

Credit Card Payment Processing Credit Cards Process Processors 52

Fintech Labs Insights

SEPTEMBER 23, 2016

Jim Huff, SVP of Marketing whose El Paso, Texas-based FirstLight FCU is piloting the new mobile app, highlighted the features that will be available to its businesses, including fund transfer, wire transfer approval, and account notifications. ” Pictured (left to right): Shuki Licht (Sr.

Credit Union 18

Credit Union Wire Transfer Funds Transfer Wires 18

Fintech Labs Insights

MAY 26, 2016

Azimo raised $15 million from Rakuten for its funds transfer service. ——-. Fintech deals by size from 30 April to 6 May 2016: VTS. Tags: Consumer, payments, blockchain, crypto-currency, bitcoin, peer-to-peer funds transfers, remittances. Total dollars raised YTD is now $14.3 billion, more than twice the $6.6

Debit Card 20

Debit Card Online and Mobile Banking FinTech Funds Transfer 20

Fintech Labs Insights

AUGUST 5, 2016

Fintech deals by size from 2 July to 8 July, 2016: Qufenqi. Tags: Consumer, traders, payments, funds transfer, remittances, bitcoin, crypto-currency, blockchain. Total dollars raised YTD is $17.9 billion, more than double the $8.5 billion more raised during the same period a year ago. ——-. Latest round: $449 million Series F.

Multi-Currency 17

Multi-Currency FinTech Funds Transfer Online and Mobile Banking 17

Fintech Labs Insights

OCTOBER 23, 2016

Visa ( FD14 ) partners with blockchain innovator Chain ( FD15 ) to develop a “near real-time,” high value, fund transfer system between banks and corporate customers called Visa B2B Connect. Remember that Finovate is headed to Hong Kong on November 8th for FinovateAsia 2016. Blockchain. Go East, Young Developer.

FinTech 15

FinTech Push-to-Card Near Real-Time Blockchain 15

Fintech Labs Insights

AUGUST 31, 2016

Users expect, and need, more functionality than simple balance lookup and funds transfer. But the latest version released in May (2016) carries the highest 5-star rating, so apparently users have come to grips with the change. But making such a big change all at once carries risks too.

Mobile Banking 22

Mobile Banking Online and Mobile Banking Credit Union Non-Bank 22

Fintech Labs Insights

JUNE 27, 2016

.” He added that part of further developing his company’s solutions will be to integrate fraud, identity management, fund transfer, and core banking functionality into the platform. Avoka was named to the Top Ten FinTech Worldwide by KPMG in March.

Funds Transfer 15

Funds Transfer Transactions Participant FinTech 15

Fintech Labs Insights

FEBRUARY 23, 2016

Here are the fintech deals by size from 13 Feb to 19 Feb 2016: StoneEagle Services (VPay). Tags: Consumer, SMB, payments, FX, funds transfers. Seven weeks into the new year, fintech companies have raised $4.7 billion in equity and debt worldwide, more than double the $2.2 billion in the same period last year. Source: Crunchbase.

FinTech 18

FinTech Online and Mobile Banking Underwriting Funds Transfer 18

Fintech Labs Insights

SEPTEMBER 19, 2016

Fintech deals by size from 6 Aug to 12 August 2016: Interactions. Tags: Consumer, SMB, payments, funds transfer, FX, remittances. The YTD total now stands at 895, about 400 more than last year’s 484. Total dollars raised YTD is $19.9 billion, nearly double the $10.2 billion raised during the same period a year ago. ——-.

Underwriting 27

Underwriting FinTech P2P Advisors 27

Nanonets

JULY 18, 2023

and later acquired by Oracle Corporation in 2016. The platform supports various electronic payment methods, such as ACH (Automated Clearing House), EFT (Electronic Funds Transfer), and virtual credit cards. It was originally founded in 1998 as NetSuite Inc.

Automation 52

Automation Reconciliation Audit Correspondent 52

Fintech Labs Insights

AUGUST 8, 2016

Fintech deals by size from 9 July to 15 July, 2016: Blockchain Intelligence Group. Blockchain-based institutional funds transfer and settlement. Tags: Institutions, payments, funds transfer, blockchain, bitcoin, crypto-currency. Total dollars raised YTD is $18.1 billion, more than double the $8.8

Underwriting 18

Underwriting FinTech Debit Card P2P 18

Fintech Labs Insights

JULY 12, 2016

Fintech deals by size from May 28 to 3 June, 2016: Partners Life. Funds transfers. Tags: Consumer, payments, remittancees, funds transfer, cryptocurrency. The total number of deals YTD stands at 589, 90% more than last year’s 306. Total dollars raised YTD is now $16 billion, nearly double the $8.4 Online insurance.

Underwriting 17

Underwriting P2P FinTech Online and Mobile Banking 17

Fintech Labs Insights

JUNE 27, 2016

Venture funding was $354 million, of which just $100,000 was debt. billion valuation, for its international funds transfer service. million to fund growth of its digital password management system. Fintech deals by size from May 21 to 27, 2016: Cotiviti. International funds transfer network.

FinTech 17

FinTech Advisors Underwriting Funds Transfer 17

Fintech Labs Insights

JANUARY 19, 2016

Envestnet’s Advisor Now is a brandable, digital advice offering that automates the process of goal planning, portfolio selection, account opening, fund transfers, client communications and more. Register today. Features: Meet the growing online and mobile communication demands of your clients.

Advisors 14

Advisors Best Practices Funds Transfer On-Demand 14