Thu.May 30, 2024

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PayPal Stablecoin (PYUSD) Made Available on Solana Blockchain

The Fintech Times

PayPal USD (PYUSD), PayPal ‘s USD stablecoin, will now be available on the Solana blockchain. The news was announced at Consensus 2024 , the long-running cryptocurrency, blockchain and web3 event. PYUSD availability on Solana will provide users with the choice of multiple blockchains allowing for increased flexibility and control. Furthermore, the announcement builds upon Solana’s reputation for processing massive amounts of transactions at high speeds with extremely low costs.

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Swift to pilot AI in fight against fraud

Finextra

Banking co-operative Swift is working with global banks on AI pilots to tackle cross-border payments fraud.

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All Singapore Financial Institutions Now Face Tighter Fair Dealing Requirements

Fintech News

The Monetary Authority of Singapore (MAS) has updated its Guidelines on Fair Dealing , now encompassing all financial institutions and the entire range of their products and services. This expansion aims to enhance standards of fair dealing and improve customer experiences. The revised guidelines require financial institutions to embed fair dealing principles throughout a product’s lifecycle and the services provided.

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Visa and Mastercard offer $197m to settle ATM class action suite

Finextra

Visa and Mastercard have agreed to pay $197 million to settle a long-running class action lawsuit accusing them of keeping ATM fees artificially high.

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Breaking The Commerce Bottleneck: Your SAP Exit Plan Starts Now

Speaker: Jason Cottrell and Gireesh Sahukar

Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.

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Marketnode Raises Series A Funding from HSBC and Temasek

Fintech News

Marketnode, a Singapore-based digital market infrastructure operator, has announced the first close of its Series A investment round, led by HSBC with additional support from existing shareholder Temasek. The investment sum was not disclosed. The funding aims to scale Marketnode ’s platforms and develop a multi-asset ecosystem in the Asia-Pacific region.

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The Number of Businesses in Canada and Statistics for 2024

Clearly Payments

In 2024, Canada has millions of businesses operating across the country. This article provides an overview of the number of businesses in Canada and various related statistics. A Sample of Statistics in This Article: Canada has approximately 1.3 million businesses in 2024. This does not include holding companies and businesses with no employees. 99.8% (1.29 million) of all businesses in Canada are small businesses There are 4,000 large corporations in Canada (>500 employees) There are 50,000

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Papara acquires Pakistan-based SadaPay

Finextra

Papara's acquisition of SadaPay, marks a significant strategic expansion into the Middle East and South Asia markets, reinforcing its position as a key player in the global financial technology sector.

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CFPB seeks to thwart cross-border junk fees. Now what?

Payments Dive

“Putting these regulations into practice is challenging, and the success of such regulatory measures largely hinges on enforcement,” writes a Wise executive.

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New Standards Section Completes Phase Two of PCI SSC Website Redesign 

PCI Security Standards

The PCI Security Standards Council (PCI SSC) is pleased to announce the completion of the second phase of our website redesign which began in 2022. Phase Two features the introduction of a new Standards section to the website, which offers a convenient way to view all 15 of the Councils payment security standards in one place and see how each fit into the payment ecosystem.

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What you really need to know about PSD3

The Payments Association

PSD3 updates PSD2 to enhance electronic payment services, merging payment and e-money institutions, regulating digital marketplaces, clarifying delegated authentication, and detailing open banking API requirements Read more

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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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Dynamic Payment Routing - Retry Logic Routes

Basis Theory

Dynamic payment routing is an essential part of any comprehensive payment optimization strategy: getting the highest close rate at the lowest processing cost demands working with multiple payment service providers ( PSPs ). Deciding on your logic tree, however, may represent the difference between success and failure - and, indeed, landing on a range of strategies that may be able to work hand in hand with one another may be the path to the highest ROI possible.

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6 Best Accounting Apps for Small Businesses

Stax

Bookkeeping is an essential part of managing your business and it’s something you must oversee in order to remain profitable. Finding the best accounting apps can be overwhelming and difficult, as there are so many options to choose from. Thankfully apps are constantly making it easier to track and organize important data. Here’s a list of the ten best accounting apps for your business.

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Modern Card Issuing: Is it a SaaS-driven future?

The Payments Association

The financial sector is undergoing a significant transformation driven by increased e-commerce and demand for instant financial services, leading banks to modernise card issuance. By 2027, digital platform-issued payment cards are projected to reach 1.3 billion, emphasizing the shift towards API-led approaches for enhanced flexibility, speed, and security.

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FSM Software: 7 Growth Tips for Field Service Management Software Providers

Stax

While remote work is all the rage these days, there is still very much a need for on-site services, particularly industries like construction, healthcare, utilities, and telecommunications. This is where field service management (FSM) come in. Field service is work delivered to the client on their site, instead of the company’s offices. Field service management software is a system that helps a company monitor and coordinate their employees’ activities off the company’s premises.

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From Rigid To Resilient: Why Enterprises Need Modular Commerce Now

Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón

Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how a composable approach helps modernize commerce stacks while maintaining control over critical systems.

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AI-powered confirmation of Payee: A technological guardian against fraud or not?

The Payments Association

AI-powered CoP can be a real game changer. UK's fraud fighter checks recipient names to prevent misdirected payments, and AI refines accuracy and reduces false flags, but vigilance is still key.

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RBC to save $541M with HSBC integration

Bank Automation

Royal Bank of Canada is on target to fully integrate HSBC Canada into its operations within the next two years. The $1.4 trillion bank expects to save CA$740 million ($541 million) once the merger is completed, according to the bank’s earnings report for its fiscal second quarter ending April 30.

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APP fraud reimbursement rules: The countdown is on

The Payments Association

With less than five months to go before new mandatory reimbursement rules come into force for APP fraud, we take a look at what PSPs can learn from Regulatory expectations and how these can help firms prepare for the new requirements.

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Fintech funding: Kudos raises $10.2M

Bank Automation

Global fintech funding dropped to a four-year low in the first quarter of 2024 but the number of deals ticked up, according to data intelligence company CB Insights. Fintech funding in Q1 fell to $7.3 billion, registering a 54% drop year over year, according to an April 18 report by CB Insights.

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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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Mastercard pilots Crypto Credential network

Finextra

Mastercard has begun piloting its Crypto Credential network, enabling cross-border peer-to-peer digital asset transactions between Latin America and Europe.

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Investments for payments startups trickle in

Payments Dive

Venture capital flowing to startups in the payments sphere remains reduced this year, extending a rut from last year.

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Viva.com equips Italian businesses with Tap to pay on iPhone

The Paypers

Viva.com , a Greece-based company powering merchant payment acceptance, has enabled Italian merchants to accept contactless payments via the Viva.com terminal iOS app.

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Next UK government should make Big Tech pay to fight scams - UK Finance

Finextra

The next UK government should introduce a bill that forces technology, social media and telecoms firms to contribute £40 million a year to fight fraud and scams, says UK Finance.

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The Evolving Retailers Fulfillment Strategy: Meeting Demands with Agility

Speaker: Becky Parisotto and John Vurdelja

Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever

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Greg Palmer and the Finovate Podcast: New Tech, VC Funding, and Faster Payments

Finovate

The conversation continues with Finovate VP and host of the Finovate Podcast Greg Palmer! In recent episodes of the Finovate Podcast, Greg Palmer has discussed a number of key topics in fintech and financial services. These topics include the current state of venture capital funding, the opportunities presented by new technologies like AI and faster payments, and a look at the current challenges faced by credit unions.

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FintechOS raises $60 million

Finextra

FintechOS, a European startup promising a low-code approach to helping financial institutions quickly and painlessly go digital, has picked up $60 million in a Series B+ funding round extension.

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Keytom: How Crypto Companies Can Enhance Security and Navigate the Compliance Maze?

The Fintech Times

From the moment a cryptocurrency firm is formed, it is already facing an uphill battle. There are numerous cases which have given the crypto world a bad reputation, meaning firms must go the extra mile to ensure they can protect consumers’ investments and remain compliant. Nataly Medici , chief financial officer of neobank Keytom explores what firms can do.

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Pay.UK hails fraud detection pilot results

Finextra

Pay.UK says a fraud detection pilot involving Visa has exceed expectations, suggesting that it could save the country's economy over £112 million a 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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Swift and Global Banks Launch AI Pilots to Tackle Cross-Border Payments Fraud

Fintech Finance

Swift has today announced two AI-based experiments in collaboration with its member banks, to explore how the technology could assist in combatting cross-border payments fraud and save the industry billions in fraud-related costs. In the first pilot, Swift is enhancing its existing Payment Controls service – which helps financial institutions detect anomalies that could be indicative of fraud – by using an AI model that will create a more nuanced and accurate picture of potential fraud activity,

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A Look Underneath the Hood of Real-Time Payments

Finextra

Real-time payments do exactly what the name implies. They refer to transactions that clear and settl.

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Reliance Group Launches JioFinance SuperApp for Users in India

Finovate

Jio Financial Services parent Reliance Group launched its own financial super app, JioFinance. JioFinance serves as a single place where users can conduct digital payments, apply for loans, and purchase insurance. Jio Financial partnered with Blackrock last year and is expected to enter the wealth management space in the future. TechCrunch unveiled this morning that Jio Financial Services parent and multi-sector conglomerate Reliance Group launched its own financial super app, JioFinance.

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HSBC leads Series A round in MarketNode

Finextra

HSBC has led a Series A investment in MarketNode, a Singapore-based digital market infrastructure operator founded by SGX and Temasek.

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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