Accounts and Posting - Payments Space

Revolut Posts US$1 Billion Profit for 2024, Singapore Marks Profitability Milestone

Fintech News

APRIL 24, 2025

Business customers contributed US$592 million in turnover, accounting for 15% of total revenue, with monthly active businesses increasing 56% year-on-year. Deposit balances across both retail and business accounts more than doubled. Gen Z users aged 1824 grew by over 50%, and accounts for users under 18 surged by nearly 80%.

Posting

Posting Financial Literacy On-Demand Use Case

LSEG Risk Intelligence Deploys Account Verification to Tackle Payment Fraud

Fintech News

MARCH 4, 2025

LSEG Risk Intelligence has launched its Global Account Verification (GAV) service in Asia-Pacific and Europe, the Middle East, and Africa, expanding efforts to enhance security in cross-border payments. By October 2025, Eurozone providers must conduct mandatory account name-IBAN checks for transactions.

Verification

Verification Risk Accounts Cross-Border Payments

Post-Holiday Returns, Chargebacks Could Undermine Record-Breaking 2024 Shopping Season

Fintech Finance

JANUARY 9, 2025

January and February are typically peak months for chargebacks, as most disputes occur 45 to 60 days post-purchase, although cardholders usually have up to 120 days after a purchase to make a chargeback claim, depending on the card network. Most chargebacks stem from avoidable issues like late shipments or buyers remorse.

Returns

Returns Posting Disputes Identity Theft

Tuum Appoints David Abbott as VP, Payments Business Unit and Strategic Accounts

Fintech Finance

OCTOBER 30, 2024

Tuum , a next-generation core banking provider, is pleased to announce the appointment of David Abbott as Vice President, Payments Business Unit and Strategic Accounts. The post Tuum Appoints David Abbott as VP, Payments Business Unit and Strategic Accounts appeared first on FF News | Fintech Finance.

Accounts

Accounts Cross-Border Payments Cross-Border Payments

Visa Direct to Make Funds Available in U.S. Cardholders’ Bank Accounts in One Minute or Less

Fintech Finance

DECEMBER 12, 2024

bank accounts will be available within 1 minute or less starting in April 2025. Consumers, businesses, and governments can use Visa Direct to deposit funds to bank accounts linked to eligible debit cards in real-time1. For more information on Visa Direct, visit: [link] The post Visa Direct to Make Funds Available in U.S.

Funds Availability

Funds Availability FPC Accounts Debit Card

Viably Partners with Airwallex to Provide Multi-Currency Accounts and Cross-Border Transactions for Ecommerce Businesses

Fintech Finance

OCTOBER 29, 2024

The partnership brings Airwallex’s global payments and financial operating capabilities into the Viably ecommerce financial platform, allowing businesses to simplify cross-border transactions and management of multiple currencies in a single account.

Multi-Currency

Multi-Currency Cross-Border Transactions Accounts

NMI Partners with Biller Genie to Launch Bill Connect, Simplifying Payments and Streamlining Accounting for Small to Medium-Sized Businesses

Fintech Finance

JANUARY 23, 2025

Designed to integrate seamlessly with popular accounting software such as QuickBooks Online, QuickBooks Desktop, and Xero, Bill Connect simplifies billing and payment acceptance, offering small and medium-sized businesses (SMBs) an easier way to manage their accounts receivable while accelerating payments.

Accounts

Accounts Embedded Payments Reconciliation ACH

PayDo Releases Team Members Feature for Business Accounts

Fintech Finance

APRIL 7, 2025

This upgrade to their Business Accounts was designed to help companies manage financial operations collaboratively. The new feature allows account owners to assign role-based permissions, verify users, streamline approval chains, and stay informed in real time—all within a single PayDo Business Account.

Accounts

Accounts IBAN Compromise Verification

What is a Merchant Account and Does Your Business Need One?

EBizCharge

NOVEMBER 12, 2024

A fundamental element that every business leader should be well-versed in is the merchant account — a critical service that facilitates electronic payments. What is a merchant account? Merchant account providers (MSPs) often offer tailored solutions based on the type of business and online transaction volume.

Accounts

Accounts Online and Mobile Banking MSPS Debit Card

XTransfer Gets Green Light for Singapore Payment License

Fintech News

JANUARY 7, 2025

The license, issued on 1 January 2025, allows XTransfer to offer services such as account issuance, domestic and cross-border money transfers, flexible top-up options, and e-money issuance in Singapore. These include streamlined account setup, currency exchange, and fund collection and payment services.

Cross-Border Payments

Cross-Border Payments Cross-Border Payments Settlement

FV Bank Rolls Out Virtual Account Identifiers to Automate Payment Attribution

The Fintech Times

JULY 10, 2025

FV Bank, a US-licensed digital bank serving small and medium-sized enterprises, has launched a new Virtual Account feature to tackle a major operational challenge in global payments: attributing high volumes of incoming transactions quickly and accurately.

Automation

Automation Accounts Reconciliation Stablecoins

How to Switch Merchant Accounts without Interrupting Sales

Cardfellow

JULY 30, 2025

In this guide, I’ll walk you through the process step by step, from determining if it’s time to switch to actually cancelling your old account. How to Know if It’s Time to Switch Merchant Accounts Before I get into how to switch, you may still be wondering if it’s the right time. Here are the steps you’ll need to take.

Accounts

Accounts Processors Credit Cards Gateways

The Human Side of Transformation: Managing Change in Accounting Teams

FloQast

FEBRUARY 24, 2025

Transformation is a necessity that is hitting accounting teams worldwide. With 99% of accountants already experiencing some level of burnout and the talent shortage only intensifying that pressure adding more stress without support can quickly push them to their breaking point. But this can also lead to the status quo SALY mindset.

Accounts

Accounts Process Best Practices Addressing

FICO Survey Finds Social Media and Mule Accounts Driving Scam Surge in APAC

Fintech News

JULY 23, 2025

Scams and mule accounts have overtaken other types of fraud as the top concern for banks in Asia Pacific, according to a new poll by analytics software firm FICO. Criminals then move the funds through mule accounts across institutions and borders, making recovery difficult. Singapore saw more than S$1.1

Scams

Scams APACS Accounts Financial Crimes

Accepting Online Payments with Internet Merchant Accounts

EBizCharge

NOVEMBER 27, 2024

Enter the Internet merchant account, a key player in this financial ecosystem. By understanding the components and processes involved in Internet merchant accounts, businesses can streamline their payment operations and provide a seamless shopping experience. What is an Internet merchant account?

Accounts

Accounts Payment Gateways Gateways Payment APIs and Integration

Thunes Enables Real-Time Payouts for Hyperwallet Merchants Across Asia Pacific

Fintech News

JANUARY 14, 2025

The partnership expands payout options for merchants in the Asia-Pacific region, enabling Hyperwallet customers to send funds to over 450 million mobile wallets and bank accounts across Bangladesh, Indonesia, Malaysia, the Philippines, South Korea, and Vietnam. said Floris de Kort, CEO of Thunes.

Cross-Border Payments

Cross-Border Payments Cross-Border PayPal Treasury

Nium, Kinexys by JP Morgan Enhance Cross-Border Payment Accuracy in Asia

Fintech News

NOVEMBER 6, 2024

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. Globally, Nium Verify operates across over 50 markets, providing real-time validation of account details.

Cross-Border Payments

Cross-Border Payments Cross-Border Account Validation Credit Union

Chainalysis Acquires AI Fraud Detection Firm Alterya

Fintech News

JANUARY 13, 2025

Alteryas research shows that most scams (85%) involve verified accounts, making traditional detection methods less effective. Featured image credit: Edited from Freepik The post Chainalysis Acquires AI Fraud Detection Firm Alterya appeared first on Fintech Singapore.

Fraud Detection

Fraud Detection Acquirers AI Web 3.0

XTransfer, OCBC Team Up to Provide Enhanced Financial Services for SMEs

Fintech News

DECEMBER 22, 2024

OCBC China will also act as XTransfer’s global account manager, working closely with the banks subsidiaries to support cross-border settlements and facilitate business growth. The post XTransfer, OCBC Team Up to Provide Enhanced Financial Services for SMEs appeared first on Fintech Singapore.

Cross-Border Settlement

Cross-Border Settlement Cross-Border Multi-Currency Cross-Border Payments

What Are AI Agents? A Practical Guide for Accounting Teams

FloQast

MARCH 19, 2025

In an industry facing an extreme talent shortage, combined with rapidly evolving technology, Artificial Intelligence (AI) agents should be a top priority for all accounting departments to evaluate this year. Use Cases of AI Agents AI in accounting is not new, although there have been significant advancements in recent years.

AI

AI Accounts Fraud Detection Audit

Visa Ramps Up AI-Powered Fraud Prevention During Holiday Shopping Globally

Fintech News

DECEMBER 17, 2024

Visa has invested US$11 billion over the past five years in technology to combat fraud, including the development of tools such as the Visa Account Attack Intelligence Score. This solution, launched earlier this year, leverages generative AI to help prevent account takeovers and other types of fraud across shopping platforms.

Fraud Prevention

Fraud Prevention AI Account Takeovers Blocks

What Canadian Merchants Need to Know About International Payment Processing

Clearly Payments

OCTOBER 30, 2024

Best Practices for Expanding International To set yourself up for success as a Canadian merchant expanding globally, consider the following best practices: Choose a scalable payment solution : Start with a payment processor, like Clearly Payments , that can grow with your business that has international merchant accounts.

International Payments

International Payments Process Multi-Currency Cross-Border

Tranglo Expands Services Across Africa

Fintech Finance

NOVEMBER 26, 2024

In 2023, remittances accounted for nearly 1.5 Tranglo’s seamless payout network enables users to send and receive funds through mobile wallets, bank accounts, and cash pickup locations, offering greater financial access to underserved populations. times the size of foreign direct investment.

Cross-Border Payments

Cross-Border Payments Cross-Border Financial Inclusion Underserved

The Top Payment Fraud Trends in 2024

Fintech News

NOVEMBER 10, 2024

They then direct the refund requests to payment cards or accounts they control, and quickly withdraw the money at ATMs or transfer it to their wallets using peer-to-peer (P2P) payment systems. In H1 2024, Visa PFD says it opened a record number of PRA investigations, accounting to an 81% increase from H2 2023.

Ransomware

Ransomware Data Breach Scams AI

Plaid’s $575 Million Round Signals Strength Despite Valuation Drop and Delayed IPO

Finovate

APRIL 3, 2025

In a company blog post announcement, Plaid CEO and Co-Founder Zach Perret said that the funds will be used “to address employee tax withholding obligations related to the conversion of expiring restricted stock units (RSUs) to shares, and to offer some liquidity to our current team.”

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) CFPB Rules Consumer

Anti-Fraud Tool Confirmation of Payee Expanded to Hundreds of More Firms

Fintech Finance

OCTOBER 31, 2024

With CoP now widely in place, consumers can expect name checks to be the norm when sending money to new accounts, helping ensure their payments reach the right person or business. The post Anti-Fraud Tool Confirmation of Payee Expanded to Hundreds of More Firms appeared first on FF News | Fintech Finance.

Payee

Payee Fraud Prevention Rules Checks

Nium Verify Launched to Combat US$118.5 Billion Payment Failure Problem

Fintech News

OCTOBER 28, 2024

Global payments infrastructure provider Nium has launched Nium Verify, a real-time bank account verification service available in 50 markets. Designed for businesses and individuals, Nium Verify allows instant confirmation of bank account details before transactions. ” said Alex Johnson, Chief Payments Officer at Nium.

Cross-Border

Cross-Border Payment APIs and Integration Cross-Border Payments Verification

What’s Fueling Southeast Asia Fintech Golden Age?

Fintech News

JANUARY 12, 2025

Southeast Asia’s youth, aged 15 to 34, account for over a third of the population. The Philippines has emerged as a key alternative lending market in Southeast Asia, accounting for 59% of deal volume in 2024. million registered users. appeared first on Fintech Singapore.

FinTech

FinTech Financial Inclusion BNPL Cross-Border

2024 Payment Methods Report: Overview, Insights, and Statistics

Clearly Payments

OCTOBER 31, 2024

Growth Trends : Despite the rise of alternative payment methods, credit card transactions continue to grow in sectors like travel, accounting for 60% of all travel bookings globally. Debit Cards Overview : Debit cards draw directly from a user’s bank account, making them a popular alternative to credit for consumers who prefer to avoid debt.

Online and Mobile Banking

Online and Mobile Banking RTP BNPL Debit Card

Is Vietnam Undergoing a Cashless Revolution?

Fintech News

DECEMBER 2, 2024

In 2023, the number of domestic stock trading accounts reached 7.2 This year, the number of domestic stock trading accounts is projected to rise by more than 20% to reach 8.7 Featured image credit: edited from freepik The post Is Vietnam Undergoing a Cashless Revolution? million, up nearly 6% year-over-year (YoY).

Financial Inclusion

Financial Inclusion Financial Literacy Point-of-Sale (POS) NOV

Singapore to Launch Two New e-Payment Solutions in Mid-2025 to Phase Out Cheques

Fintech News

DECEMBER 4, 2024

EDP will cater to post-dated payments, deducting funds from the payer’s account upon presentment by the payee. Featured image credit: Edited from Freepik The post Singapore to Launch Two New e-Payment Solutions in Mid-2025 to Phase Out Cheques appeared first on Fintech Singapore.

Payment Solutions

Payment Solutions Payee Payer Payments

Essential Steps to Prevent Costly Fraud Attacks

Segpay

DECEMBER 9, 2024

Without the right protections, these attacks can lead to expensive authorization fees and even the shutdown of your merchant account. Hackers Tactics: Its a Numbers Game Most fraud attacks rely on automated software, designed to test countless combinations of account details or credit card data until they hit on something that works.

Shutdown

Shutdown Gateways Fraud Prevention Authorization

Mastercard Advances Stablecoin Use for Consumer Payments, Merchant Settlements

Fintech News

APRIL 28, 2025

Mastercard Move also enables users to withdraw stablecoins into their bank accounts. The post Mastercard Advances Stablecoin Use for Consumer Payments, Merchant Settlements appeared first on Fintech Singapore. said Jorn Lambert, Chief Product Officer at Mastercard.

Stablecoins

Stablecoins Settlement Visa Consumer

Wise to Open Hyderabad Hub, Launches New Payment Feature for Indian Firms

Fintech News

APRIL 9, 2025

Alongside this expansion, Wise rolled out international account details for business users and freelancers in India. The feature allows customers to receive free local bank account details in eight currenciesincluding USD, GBP, EUR, AUD, SGD, NZD, CAD, and HUFmaking it easier for overseas clients to pay them as they would a domestic account.

APACS

APACS Payments Accounts International Payments

inDrive Launches First Fully Embedded Pix Payment Experience in Brazil

Fintech Finance

JUNE 12, 2025

The instant payment system — commonly referred to in the industry as RTP (real-time payment) or A2A (account-to-account) — marks a significant breakthrough in the Brazilian market. Drivers receive funds directly to their bank accounts in real time — with no manual data exchange required.

RTP

RTP Payments Real Time Payments Finance

Understanding the Nature of Payment Gateway Integration For Your Mobile App

Stax

MAY 5, 2025

Merchant account When setting up your payment gateway, you will be required to set up a merchant account. This type of account allows you to process credit card payments through the payment gateway and receive those funds back into your bank account. Other features are unique.

Payment Gateways

Payment Gateways Gateways Payment APIs and Integration Multi-Currency

The Journey of Payments and Clearing Systems in India

Finextra

JUNE 11, 2025

These banks introduced formal ledger-based accounting and cheque payments. Post-Independence (1947 - 1990s): Building the Foundation After independence, India focused on strengthening its financial infrastructure and extending banking services. This was a significant step towards non-cash payments but was slow and prone to errors.

Financial Inclusion

Financial Inclusion Payment APIs and Integration Real Time Gross Settlement (RTGS) Funds Transfer

NatWest and Mastercard Launch Mobile Virtual Card Solution for Business

The Fintech Times

NOVEMBER 5, 2024

This ensures that sensitive account details are not exposed, offering enhanced data security, accessible via one interface. ” The post NatWest and Mastercard Launch Mobile Virtual Card Solution for Business appeared first on The Fintech Times.

Visa

Visa Online and Mobile Banking End User Instant Payments

Somalia Launches First Nationwide Instant Payment System Powered by BPC

Fintech Finance

MARCH 24, 2025

This expansion will allow seamless transactions between mobile money account holders and bank customers, significantly increasing accessibility and efficiency in the financial ecosystem. ” The post Somalia Launches First Nationwide Instant Payment System Powered by BPC appeared first on FF News | Fintech Finance.

Instant Payments

Instant Payments Settlement Payments Central Bank

How India’s UPI Revamp and WhatsApp Pay’s Expansion Could Transform Banking

Fintech News

JANUARY 21, 2025

UPI is a real-time payment system developed by the NPCI to facilitate seamless, instant, and secure money transfers between bank accounts. The system allows users to link multiple bank accounts to a single app, enabling person-to-person and person-to-merchant transactions without sharing sensitive information.

Caps

Caps Digital Payments Debit Card Facilitators

Sam Altman’s World Network Reportedly in Talks With Visa for Stablecoin Payments

Fintech News

MARCH 24, 2025

The goal is to turn the wallet into a mini bank account accessible to users worldwide. Featured image credit: Edited from Wikimedia The post Sam Altmans World Network Reportedly in Talks With Visa for Stablecoin Payments appeared first on Fintech Singapore.

Stablecoins

Stablecoins Request for Comment Push-to-Card Card Issuer

Thunes Welcomes Papara Into Its Direct Global Network Facilitating Cross-border Payments

The Fintech Times

NOVEMBER 12, 2024

Turkish customers using financial services provider, Papara , will now be able to send money into three billion mobile wallet accounts, four billion bank accounts and 15 billion cards in over 80 currencies and to more than 130 countries following a new partnership with Thunes , the cross-border payment infrastructure provider.

Cross-Border Payments

Cross-Border Payments Cross-Border Facilitators Payments

OpenWay’s Way4 Platform Powers Southeast Asia’s First Visa Flex Credential at ACB

Fintech News

JUNE 26, 2025

Source: ACB These insights can help enable more tailored offers and reduce dormant accounts, contributing to stronger overall portfolio performance. Featured image credit: OpenWay The post OpenWay’s Way4 Platform Powers Southeast Asia’s First Visa Flex Credential at ACB appeared first on Fintech Singapore.

Credential

Credential Database ATM Digital Currency

FreeAgent and Mimo Team Up to Help Small Businesses Manage Global Payments and Finances

Fintech Finance

MARCH 5, 2025

Innovative accounting software firm FreeAgent and global payment solutions company Mimo have announced a new partnership that will enable small businesses to manage their payments, cash flow & financing more effectively. Mimo also auto-reconciles all payments with FreeAgent to ensure all payment information is kept up-to-date.

Small Business

Small Business Global Payments Finance Payments

Revolut Posts US$1 Billion Profit for 2024, Singapore Marks Profitability Milestone

LSEG Risk Intelligence Deploys Account Verification to Tackle Payment Fraud

Trending Sources

Post-Holiday Returns, Chargebacks Could Undermine Record-Breaking 2024 Shopping Season

Tuum Appoints David Abbott as VP, Payments Business Unit and Strategic Accounts

Visa Direct to Make Funds Available in U.S. Cardholders’ Bank Accounts in One Minute or Less

Viably Partners with Airwallex to Provide Multi-Currency Accounts and Cross-Border Transactions for Ecommerce Businesses

NMI Partners with Biller Genie to Launch Bill Connect, Simplifying Payments and Streamlining Accounting for Small to Medium-Sized Businesses

PayDo Releases Team Members Feature for Business Accounts

What is a Merchant Account and Does Your Business Need One?

XTransfer Gets Green Light for Singapore Payment License

FV Bank Rolls Out Virtual Account Identifiers to Automate Payment Attribution

How to Switch Merchant Accounts without Interrupting Sales

The Human Side of Transformation: Managing Change in Accounting Teams

FICO Survey Finds Social Media and Mule Accounts Driving Scam Surge in APAC

Accepting Online Payments with Internet Merchant Accounts

Thunes Enables Real-Time Payouts for Hyperwallet Merchants Across Asia Pacific

Nium, Kinexys by JP Morgan Enhance Cross-Border Payment Accuracy in Asia

Chainalysis Acquires AI Fraud Detection Firm Alterya

XTransfer, OCBC Team Up to Provide Enhanced Financial Services for SMEs

What Are AI Agents? A Practical Guide for Accounting Teams

Visa Ramps Up AI-Powered Fraud Prevention During Holiday Shopping Globally

What Canadian Merchants Need to Know About International Payment Processing

Tranglo Expands Services Across Africa

The Top Payment Fraud Trends in 2024

Plaid’s $575 Million Round Signals Strength Despite Valuation Drop and Delayed IPO

Anti-Fraud Tool Confirmation of Payee Expanded to Hundreds of More Firms

Nium Verify Launched to Combat US$118.5 Billion Payment Failure Problem

What’s Fueling Southeast Asia Fintech Golden Age?

2024 Payment Methods Report: Overview, Insights, and Statistics

Is Vietnam Undergoing a Cashless Revolution?

Singapore to Launch Two New e-Payment Solutions in Mid-2025 to Phase Out Cheques

Essential Steps to Prevent Costly Fraud Attacks

Mastercard Advances Stablecoin Use for Consumer Payments, Merchant Settlements

Wise to Open Hyderabad Hub, Launches New Payment Feature for Indian Firms

inDrive Launches First Fully Embedded Pix Payment Experience in Brazil

Understanding the Nature of Payment Gateway Integration For Your Mobile App

The Journey of Payments and Clearing Systems in India

NatWest and Mastercard Launch Mobile Virtual Card Solution for Business

Somalia Launches First Nationwide Instant Payment System Powered by BPC

How India’s UPI Revamp and WhatsApp Pay’s Expansion Could Transform Banking

Sam Altman’s World Network Reportedly in Talks With Visa for Stablecoin Payments

Thunes Welcomes Papara Into Its Direct Global Network Facilitating Cross-border Payments

OpenWay’s Way4 Platform Powers Southeast Asia’s First Visa Flex Credential at ACB

FreeAgent and Mimo Team Up to Help Small Businesses Manage Global Payments and Finances

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