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StraitsX, a Southeast Asian digital asset infrastructure provider, has partnered with RedotPay and Visa to launch a new digital asset-backed card programme in Singapore. The company is the Visa BIN sponsor for the initiative, enabling users to convert and spend their digital assets at millions of Visa merchants globally. StraitsX s infrastructure facilitates the seamless conversion of digital assets into spendable funds, ensuring compatibility with traditional payment systems.
Today, The Clearing House and BNY (NYSE: BK), announced the successful completion of the largest instant payment in U.S. history and the first-ever payment on the RTP network exceeding $1 million, following the recent increase in the networks transaction limit. The $10 million inter-company liquidity management payment, from a leading, global transfer agent, Computershare, to an account at another financial institution, marks a significant milestone in the evolution of instant payments, unlockin
Navigating AML obligations in the age of virtual IBANs February 10 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The compliance challenges of virtual IBANs, focusing on AML obligations and regulatory gaps. Why is it important? While vIBANs offer innovation in payment systems, they introduce risks like money laundering due to insufficient oversight.
NCR Atleos Corporation (NYSE: NATL) (Atleos), a leader in expanding self-service financial access for financial institutions, retailers and consumers, has announced that it has received the ATM Industry Association (ATMIA) Outstanding Service Award. The award recognizes Atleos’ exceptional contributions to the industry, highlighting its long-term positive influence, excellence in technology and service, leadership in best practices, and specific, measurable achievements that have produced
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.
Economic Crime and Corporate Transparency Act examined: A guide to avoiding the failure-to-prevent fraud offence February 6 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The Economic Crime and Corporate Transparency Act 2023, specifically the “failure-to-prevent fraud” offence, and outlines how businesses can mitigate fraud risks.
Leading virtual payments provider Conferma has partnered with global commerce platform WEX to enable Concur Invoice customers to dramatically reduce costs and control their B2B payments spend. This innovative integration, which will be available globally in all markets and currencies supported by WEX, will provide Concur Invoice customers the functionality to pay suppliers using WEX issued virtual Mastercards powered by Confermas pioneering technology.
The financial services industry has consistently led the way in embracing technological advancements, with Generative AI (GenAI) emerging as a transformative force in recent years. GenAI has contributed significantly to analysing vast datasets and enhancing customer interactions through chatbots and personalised services. However, the emergence of Agentic AI marks a significant evolution in this landscape.
The financial services industry has consistently led the way in embracing technological advancements, with Generative AI (GenAI) emerging as a transformative force in recent years. GenAI has contributed significantly to analysing vast datasets and enhancing customer interactions through chatbots and personalised services. However, the emergence of Agentic AI marks a significant evolution in this landscape.
Optimism remains high across the Middle East and North Africa (MENA), with the region looking to strengthen the capital markets infrastructure and boost future liquidity. MENA markets enjoyed a successful 2024, seeing a total of 54 initial public offerings (IPOs) last year, raising a total $12.6billion, according to the MENA IPO Eye Q4 2024 report by EY.
NFC TICKETING: Fans download tickets to their mobile phone’s iOS or Android wallet to access the stadium Atltico de Madrid has become the first member of Spain’s LaLiga soccer league to add support for NFC ticketing. Fans attending matches at the team’s Riyadh Air Metropolitano home stadium can download their ticket to their iOS or Android wallet and then use their mobile phone to gain access to the stadium.
There is a diminishing knowledge base in the trade finance industry, as new entrants into the field cannot compare to their seasoned mentors and veterans of the sector. To put a dent in this issue, Finastra , the financial software and solutions provider, has launched its new AI-powered assistant, Assist.AI. Assist.AI by Finastra is built on architecture powered by Microsoft Azure OpenAI Service.
Many business owners dont realize that payment processing is a little more complex than it seems. From hidden fees to chargeback risks, theres a lot that payment providers dont always disclose upfront. In this article, well break down the essential facts, statistics, and insider knowledge you need to navigate the payment processing landscape effectively.
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
Kivra and Trustly have developed a new generation of Autogiro, making automatic payments easier than ever. The service allows users to register direct debit with a simple BankID confirmation, lowering the barriers to sign-up. For businesses, the solution can drive more on-time payments, reduce administrative workload, and enhance the customer experience.
Thailand will initiate the search for a new central bank governor next month as Sethaput Suthiwartnarueput nears the end of his five-year term in September, Bloomberg reports. Sethaput Suthiwartnarueput Having reached the retirement age of 60, he is ineligible for reappointment. The transition comes at a critical time, with Thailand facing economic challenges and policy tensions between the government and the Bank of Thailand (BOT).
With the traditional payment landscape in Bangladesh not serving students abroad well, Trust Bank , the private commercial bank in Bangladesh and Terrapay , the global money movement company, have partnered to tackle this issue. Together, Trust Bank and Terrapay are offering students in Bangladesh an alternative to the traditional payment system through a secure, completely digital and frictionless process for international transactions.
Engagement Banking company Backbase has announced a strategic partnership with financial intelligence solutions provider Feedzai. The partnership will integrated Feedzai’s Digital Trust solutions with Backbase’s Engagement Banking Platform. Backbase most recently demoed its technology on the Finovate stage at FinovateFall 2021. Feedzai made its Finovate debut at FinovateEurope 2014 in London.
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.
Deutsche Bank is restructuring expenses aimed at investing in technology, reducing overall headcount and exiting certain business lines. The $1.3 trillion bank is looking to drive efficiencies and reduce operating costs, Chief Executive Christian Sewing said during the banks fourth-quarter earnings on Jan. 30. The bank hired 1,300 tech specialists, while eliminating 1,800 contractors and […] The post Deutsche Bank cuts 3,500 jobs, adds 1,300 tech positions appeared first on Bank Automation
Trustly , the global leader in Pay by Bank, has announced a partnership with Spreedly , the worlds leading Open Payments Platform. Together, Trustly and Spreedly will provide merchants with full-service access to Pay by Bank to drive improved conversion rates and optimize payment efficiency across expanded regional and global markets. Through this collaboration, businesses using Spreedly will now gain access to Trustly’s Pay by Bank capabilities, increasing Trustlys market reach in the U.S
Citis Mike Naggar, chief digital officer and chief information officer for U.S. Personal Banking, focuses on customer experience at the $2 trillion bank. Naggar has worked at Citi since 2018, initially holding the title of chief digital officer before assuming the additional role of chief information officer in 2023. Prior to joining Citi, Naggar served […] The post 5 questions with Citi Chief Digital and Information Officer Mike Naggar appeared first on Bank Automation News.
Consumer uptake of the payments pioneer’s flagship payments tool was lackluster last year. The company promised skeptical analysts more growth this year.
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?
Trust Bank , a leading private commercial bank in Bangladesh and TerraPay , a global money movement company have partnered to offer an innovative payment solution for all students in Bangladesh. This first-of-its-kind initiative, its an alternative to the traditional payment system, reshaping how Bangladeshi students pay tuition fees and manage living expenses while studying abroad.
The Treasury Committee has written to CEOs at nine banks and building societies to request information on the scale and impact of IT failures which have affected their businesses over the last two years.
Consumer Financial Protection Bureau staff were told to work remotely this week after a new acting chief halted agency supervision and enforcement. He also told the Federal Reserve the agency wouldn't take any unappropriated funding next quarter.
A labour union has filed lawsuits against Consumer Financial Protection Bureau acting director Russell Vought after he ordered staff to halt much of the watchdog's activities.
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
BNY has used The Clearing House's RTP Network to send the largest instant payment in US history, transferring $10 million to Bank of America on behalf of a client.
Payments-as-a-Service platform Rapyd is in talks to raise $300 million at less than half the valuation it secured in a 2021 funding round, according to Bloomberg.
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.
The world witnessed an alarming escalation in cryptocurrency -related crimes in 2024. With digital asset adoption surging and financial technology rapidly evolving, blockchain has become both a revolutionary force for economic growth and a tool for illicit activity. While the global crypto market continues to boom, with transaction volumes surpassing USD $10.6 trillion in 2024, up 56% from the previous year, the shadow economy of digital crime has grown increasingly sophisticated.
The traditional approach to credit scoring has long been a source of frustration for many individuals and businesses. A small business owner with a steady cash flow and growing revenues might still be denied a loan. Simply because traditional scoring methods fail to consider the broader picture of financial health. A strict dependence on limited factors like credit history and outstanding debt frequently prevents many deserving applicants from obtaining the credit they need.
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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