NFCW

JUNE 21, 2024

Adoption of softPOS payment solutions by smaller businesses will drive a 113% increase in contactless payment transaction values by 2029, Juniper Research predicts. The growth will see global transaction values rise from US$7.4 trillion in 2024 to US$15.7 trillion in 2029. “The launch of softPOS systems, where contactless payments can be accepted using a compatible smartphone, is breaking down cost barriers to small and micro-merchants’ adoption of contactless payments, increasing ac

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Contactless Payments Transactions Payments Research 114

Fintech Finance

JUNE 21, 2024

Shieldpay , the payments partner for the legal sector, is working with KPMG Law UK (part of KPMG LLP) to provide payments services for its high value, complex client transactions. Shieldpay has been supporting KPMG Law’s corporate clients as an escrow and paying agent provider for corporate and M&A deals since 2020. Following the success of this relationship, built through working on numerous deals with KPMG Law’s UK corporate teams, Shieldpay has been selected to support KPMG Law’s corporat

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Laws Legal Mitigation Payments 98

Payments Dive

JUNE 21, 2024

Former Walmart EVP Srini Venkatesan will replace Archie Deskus, who joined the payments firm in 2022.

PayPal 78

PayPal Payments 78

Fintech Finance

JUNE 21, 2024

Adyen (AMS: ADYEN), the global payments platform of choice for many of the world’s leading companies, has announced its partnership with MECCA , Australia’s largest prestige beauty retailer. To cater to its fast-growing customer base in-store and online, MECCA has chosen Adyen to streamline payments, amplify customer experience, and enhance fraud protection capabilities.

Security 98

Security Payments Credential Transactions 98

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.

AI

Payments Dive

JUNE 21, 2024

American Express said it will buy the reservation platform Tock from website builder Squarespace to buttress its dining digital services.

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Fintech Finance

JUNE 21, 2024

PayPal Holdings, Inc. (NASDAQ: PYPL) has announced the appointment of Srini Venkatesan as Chief Technology Officer (CTO), effective June 24, reporting to PayPal President and CEO Alex Chriss. In this role, Venkatesan will lead the development and implementation of technology across the entire PayPal ecosystem, including analytics and data science, artificial intelligence (AI) and machine learning, information security, infrastructure operations, and product engineering. “Srini is a seasone

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PayPal Technology AI Product 98

Fintech Finance

JUNE 21, 2024

Gynger , the first embedded financing platform for technology purchases, announces that it has raised $20 million in Series A funding, led by PayPal Ventures, with participation from Gradient Ventures, Velvet Sea Ventures, BAG Ventures and Deciens Capital. Gynger will use the funding to scale its team and operations and accelerate its vision of transforming its embedded financing platform into a full-scale payments solution for buying and selling of technology.

PayPal 98

PayPal Embedded Finance Finance On-Demand 98

Payments Dive

JUNE 21, 2024

The earned wage access provider seeks to raise $50 million, said its CEO, who is rooting for increased regulation of the industry.

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Regulations 78

Bank Automation

JUNE 21, 2024

Financial institutions are exploring the use of quantum tech to optimize operations within payments and security. Quantum technology can make payments safer through cryptography and by providing secure communications, Lily Varon, principal analyst at think tank Forrester, told Bank Automation News.

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Security Payment Security Payments Automation 69

Finextra

JUNE 21, 2024

TBC Bank aims to expand its microlending business and promote financial inclusion in Uzbekistan, Central Asia’s largest country by population.

Mobile Banking 69

Mobile Banking Financial Inclusion Security 69

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

Payments

The Fintech Times

JUNE 21, 2024

Cybercrime is not only a threat to organisations, but a threat to society as it can entice young people to go down a dark path. Both firms and governments across the globe have a duty to do all they can to intensify the fight against internet crime and looking to do so in Nigeria, Flutterwave , the African paytech, has partnered with Nigeria’s Economic and Financial Crimes Commission (EFCC).

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Crime Research Financial Crimes FBI 64

Finextra

JUNE 21, 2024

Revolut is aiming to become the most valuable start-up in Europe with a target valuation of $40 billion, the FT reports.

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Finovate

JUNE 21, 2024

This week’s edition of Finovate Global looks at recent fintech developments in Mexico. Mexican digital payments and commerce enablement platform Clip announced a major investment this week. The company, which offers a suite of payments and other financial services solutions to small and medium-sized businesses in Mexico, has raised $100 million in new funding.

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Financial Inclusion Payment APIs and Integration Legal Framework Cross-Border Payments 64

Finextra

JUNE 21, 2024

Walking the floor at the recent Merchant Risk Council (MRC) annual Las Vegas conference, I was struc.

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Risk 64

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.

B2C

Bank Automation

JUNE 21, 2024

Citi added to its treasury product portfolio this week with the launch of Citi Real-Time Funding to help business clients keep up with liquidity needs in an automated fashion.

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RTP Treasury Automation Product 64

Finextra

JUNE 21, 2024

Of all of the emerging tech of the last two decades, artificial intelligence (AI) is tipping the hyp.

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AI 64

The Fintech Times

JUNE 21, 2024

The idea that the younger generations are much less likely to fall victim to fraud than their older counterparts could well be a massive misconception – with the opposite potentially being true – Revolut , the global fintech boasting over nine million UK customers and 40 million globally, has warned. While Revolut revealed as much as 76 per cent of customers in the UK believe that fraud is easy to identify, a huge number continue to fall victim to cybercriminals every day.

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Scams Financial Crimes Crime Origination 64

Finextra

JUNE 21, 2024

Squarespace (NYSE: SQSP), the design-driven platform helping entrepreneurs build brands and businesses online, today announced an agreement to sell Tock, the reservation, table, and event management technology provider, to American Express (NYSE: AXP) for $400 million.

Agreements 59

Agreements Technology 59

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The Fintech Times

JUNE 21, 2024

Project Nemo , a newly announced initiative which works with disability champions and service providers to educate the world on how the financial industry can be more inclusive is being supported by Ecommpay , the payments solutions provider. Project Nemo will receive this support throughout its 12-month campaign as the initiative led by Joanne Dewar , industry champion and former fintech CEO, looks to connect disability inclusion experts with fintech decision-makers.

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FinTech Payment Networks Payment Solutions Product 64

Finextra

JUNE 21, 2024

Innzpira, a pioneering company in Predictive Psychology© and machine learning, announces a solution designed to revolutionise how banks and financial institutions assess client risk aversion. This innovative approach enables financial entities to offer tailored products that align perfectly with the comfort levels and preferences of their clients, enhancing customer satisfaction and financial outcomes.

Assessments 59

Assessments Risk Innovation Product 59

The Fintech Times

JUNE 21, 2024

Global fintech firm Unlimit is joining forces with Convera , an FX payments firm, to bolster its ‘GlobalPay for Students’ platform and simplify tuition payments for students in emerging markets. Initially kicking off in Brazil, the partnership will see Convera leveraging the comprehensive alternative payment method (APM) portfolio of Unlimit, in an effort to ease payment of cross-border tuition fees via the GlobalPay for Students platform using PIX.

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Cross-Border Alternative Payment Methods Payer Payments 59

Finextra

JUNE 21, 2024

Moneyhub, the market-leading data and payments platform, continues its growth trajectory as it announces three new senior hires within its Personal Finance Technology (PFT) and Decisioning teams. This latest announcement follows a year of significant growth for Moneyhub, with high demand for its Open Finance solutions from new clients such as Scottish Widows, Standard Life and Voxi by Vodafone.

Finance 59

Finance Continuity Technology Payments 59

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

Product

The Fintech Times

JUNE 21, 2024

In recent times, 35 to 44-year-olds have demonstrated the weakest pension confidence over the past six months according to PensionBee ‘s Retirement Confidence Index. As a result, the incoming government must review the pensions and retirement savings system to instil more confidence. This is the view of 87 per cent of respondents in a PensionBee survey, with 92 per cent of 35 to 44-year-olds supporting it.

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Governance Government Treasury Adjustments 59

Finextra

JUNE 21, 2024

Gynger, the first embedded financing platform for technology purchases, announces that it has raised $20 million in Series A funding, led by PayPal Ventures, with participation from Gradient Ventures, Velvet Sea Ventures, BAG Ventures and Deciens Capital.

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PayPal Embedded Finance Participant Finance 59

The Fintech Times

JUNE 21, 2024

Since 2017, STET , the European clearing and settlement systems (CSM) and ACI Worldwide , the real-time payments software provider, have been working together to offer seamless, instant payments across the Single Euro Payments Area (SEPA). Seven years into the partnership, the firms have reached a new record high as over 35 billion transactions were completed in 2023.

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Cross-Border Payments Cross-Border Process Instant Payments 59

Finextra

JUNE 21, 2024

Fiserv has appointed former JPMorgan Chase global head of payments Takis Georgakopoulos as a senior advisor, EVP and member of the management committee.

Advisors 59

Advisors Payments 59

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

EBizCharge

JUNE 21, 2024

When evaluating your company’s balance sheet, you may wonder if your business is on shaky ground or has solid financial footing. Looking at components like liabilities is crucial in determining this standing, as they represent what your business owes. From loans and mortgages to money owed to suppliers, it’s essential to grasp what liabilities entail before diving into their calculations.

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Accounts Credit Cards Assessments On-Demand 52

Paystand

JUNE 21, 2024

In businesses' constant search for the best ways to enhance operations and maintain customer satisfaction, Payments-as-a-Service (PaaS) stands out as a game-changing technology in payment processing. It grants businesses a suite of payment solutions without building and maintaining new systems.

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Payments Payment Solutions Process Technology 52

Finextra

JUNE 21, 2024

Verituity, a leading provider of intelligent, verified payouts solutions, announced the successful close of an $18.8 million funding round led by Sandbox Industries and Forgepoint Capital with the participation of Ardent Venture Partners and MTech Capital. Chris Zock, Managing Partner and Co-CEO of Sandbox Industries, will join Verituity’s board of directors.

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Participant 52

The Nilson Report

JUNE 21, 2024

The post American Express Enters Agreement to Acquire Tock from Squarespace; Also Agrees to Acquire Rooam appeared first on Nilson Report.

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Agreements Acquirers Posting 52

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

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