Payments Dive

DECEMBER 13, 2023

The tech giant has linked with the buy now, pay later companies to develop installment payment options to be offered next year.

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BNPL Payments 210

Finextra

DECEMBER 13, 2023

Japanese card issuer JCB is moving to Phase 2 of a pilot to trial offline P2P payments for a central bank digital currency (CBDC).

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CBDC Card Issuer Central Bank Digital Currency 137

Payments Dive

DECEMBER 13, 2023

The number of banks participating in The Clearing House’s real-time payments network surged this year after the launch of the rival FedNow system.

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FedNow RTP Real Time Payments Payment Networks 130

The Fintech Times

DECEMBER 13, 2023

Over a quarter of British small and medium-sized businesses admit to being owed between £5,000 and £20,000 in unpaid invoices, according to a survey by Payit , a payment solution by NatWest, in partnership with Censuswide. SMEs account for nearly two thirds (61 per cent) of UK employment. Late payments have taken a toll across the country, with SMEs also reporting that over a third (36 per cent) of payments in an average month arrive late.

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Near Real-Time Small Business Payments Accounts 115

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Fintech News

DECEMBER 13, 2023

Singaporean payment institution FOMO Pay and United Arab Emirates’ digital bank Zand have partnered to improve cross-border payment efficiency between Asia and the Middle East and North Africa (MENA) region. This collaboration seeks to streamline B2B transactions and enhance the speed and cost-effectiveness of international remittances. The partnership between FOMO Pay and Zand Bank is expected to benefit businesses by offering more competitive rates and improved efficiency in handling pay

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Cross-Border Payments Cross-Border Gateways Central Bank 111

Finextra

DECEMBER 13, 2023

The Payment Systems Regulator is propsing to cap cross-border interchange fees on credit and debit cards to protect UK businesses from rising costs.

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Caps Cross-Border Debit Card Payments 119

Fintech News

DECEMBER 13, 2023

Pave Bank , a digital bank with programmable money and regulated digital assets, announced that it has officially launched following a US$5.2 million seed funding round. The fundraise was led by 468 Capital with participation from Quona Capital, FT Partners, BR Capital, w3.fund, Daedalus and angel investors. The founding team comprises Salim Dhanani (CEO), who previously co-founded BigPay ; Simon Vans-Colina (CTO), with a background at Citibank, Vocalink, Starling Bank before he co-founded Monzo

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Multi-Currency IBAN Treasury Management Stablecoins 107

The Payments Association

DECEMBER 13, 2023

The article explores the growing threat of financial fraud in instant payment systems. It underscores the complexity of combating cybercrime in the digital age, discussing different approaches from proactive fraud prevention measures, multi-layered defenses, and enhanced customer education.

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Fraud Prevention Transactions Instant Payments Payments 88

Stax

DECEMBER 13, 2023

Did you know that in 2021, merchants ended up paying a whopping $105 billion in credit card processing fees? Even though they’re one of the most popular payment options today, accepting credit cards at your business can turn out to be a significant expense. Fortunately, credit card surcharging is a good way to offset some—if not all—of the cost of accepting credit card payments.

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Credit Cards Debit Card Laws Rules 88

The Payments Association

DECEMBER 13, 2023

This article explores the imperative shift in the financial sector's card management systems towards digital transformation. Fueled by security concerns, changing consumer expectations, and environmental sustainability, the evolution encompasses encryption, biometrics, instant issuance, contactless transactions, operational efficiency, data analytics, and reduced environmental footprint.

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Encryption Security Transactions Consumer 88

Speaker: Jason Cottrell and Brian Walker

The era of all-in-one platforms is over. Now, retail success depends on integrating a blend of diverse technologies to thrive. As customers and stakeholders expect agility and innovation, how can you meet these expectations efficiently without stumbling into complexity? Explore a customer-centric approach to navigating digital transformation in retail.

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Basis Theory

DECEMBER 13, 2023

Frictionless payments offer the least amount of effort to get a transaction closed. There is no universally accepted definition of a frictionless payment, it is more of a design principle than anything else: place as few barriers between the consumer and their purchase as is humanly possible. As e-commerce has grown and evolved, the options available to reduce the strain on the consumer have multiplied and grown, from storing credit card details to implementing new payment methods to integrating

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Payments Credit Cards Transactions Consumer 88

The Payments Association

DECEMBER 13, 2023

Going back in time, during the Ethereum period, when we first embraced the smart-contract blockchains, all the operations that go into mining and validating a transaction, like data availability, consensus, execution […] Read more

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Blockchain Transactions Digital Currency 88

Finextra

DECEMBER 13, 2023

Fintech is a fast-changing ecosystem where there are few certainties. As 2023 comes to an end, it’s.

FinTech 138

FinTech 138

Nanonets

DECEMBER 13, 2023

A survey by Accenture on underwriting employees found that up to 40% of underwriters’ time is spent on non-core and administrative activities. They estimate that this represents an industry-wide efficiency loss of up to $160 billion over the next five years. Integrating AI and automation into the underwriting workflow presents a significant opportunity to minimize the time allocated to administrative tasks, manual processes, and repetitive data entries.

AI 102

AI Process Fraud Detection Compliance 102

Speaker: David Nisbet, Everett Zufelt, and Michaela Weber

Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.

Transactions

Bank Automation

DECEMBER 13, 2023

Financial institutions are looking to generative AI for software development, chatbots and operational efficiencies, and more AI applications are expected to surface in 2024. Gen AI for software development, for one, is expected to be “transformational” in the financial services industry, according to Mastercard’s “Generative AI: The transformation of banking” report, released Dec. 4.

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AI Visa 102

NFCW

DECEMBER 13, 2023

WEARABLES: Wallet Express makes it easier for banks to add support for contactless wearable devices Mastercard has launched a program that allows banks and card issuers across Europe to offer cardholders a wider range of digital wallet options for use on their smartphone or wearable device by streamlining the process of enabling support for multiple digital wallets simultaneously.

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Visa Card Issuer Issuers Consumer 102

Fintech News

DECEMBER 13, 2023

In recent years, the world has witnessed a rapid rise in the popularity and adoption of cryptocurrencies. As this digital revolution continues to reshape the financial landscape, it is crucial to examine the future of the monetary system and address the challenges the crypto industry faces. In an exclusive interview with Fintech News Singapore , Marc Temple, Global Development Director at LexisNexis Risk Solutions, delved into the increasing demands and scrutiny of multi-jurisdictional regulator

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Financial Crimes Money Laundering Compliance Crime 99

Paystand

DECEMBER 13, 2023

Maintaining a healthy cash flow is crucial to survival and growth in business management. Imagine peering into your company's financial crystal ball, foreseeing cash flow, and heading toward prosperity. The magic lies in the art of cash flow forecasting.

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Maximize success as an independent sales agent with a supportive payment processor partner. This article reveals the challenges agents face with uncooperative processors, like slow responses and lack of support, leading to missed opportunities. Discover how a supportive partnership can transform your success, offering extensive training, marketing materials, and ongoing support.

Payments

The Payments Association

DECEMBER 13, 2023

Blockchains have created a narrative that they are an underlying technology that powers cryptocurrencies that challenge the traditional financial system.

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Blockchain Cryptocurrency Technology Digital Currency 88

Fintech News

DECEMBER 13, 2023

Southeast Asian SME financing platform Validus has secured a US$20 million investment from growth-stage private equity firm 01Fintech. Validus will use the fresh funds to accelerate its expansion plans in fast-growing markets like Indonesia as well as enhance its technology innovation. Operating in Indonesia, Singapore, Thailand, and Vietnam, Validus utilises proprietary data and AI to provide financing solutions to underserved SMEs.

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Due Diligence Underserved Finance Small Business 97

NFCW

DECEMBER 13, 2023

PILOT: Passengers will be able to view their ride history and fare-cap savings in Google Wallet Bus operator Brighton & Hove Buses is to be the first in the UK to pilot a feature that enables passengers with Android devices to access their journey history, track their spending and check their progress towards daily or weekly fare caps directly in Google Wallet.

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Caps Contactless Payments Origination Mobile Payments 96

Fintech News

DECEMBER 13, 2023

DBS Bank has entered into an agreement with Belgium-based clearinghouse Euroclear to integrate all of its investment funds onto the latter’s funds platform. Euroclear’s platform will offer a comprehensive solution for the trading, custody, and distribution services of DBS Bank ‘s fund assets. This integration provides DBS Bank a streamlined solution for fund distribution and execution, utilising Euroclear’s extensive network.

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Agreements Risk Innovation FinTech 97

Speaker: David Azoulay, Marc Stracuzza, Román Tejada, and Guest Speaker Sucharita Kodali

Imagine a retail landscape where every interaction is personalized, every decision informed, and every opportunity maximized 🤔✨ Join us for an exploratory journey into the heart of AI-driven retail innovation. We’ll unveil the transformative potential of AI and data analytics in shaping the future of omnichannel personalization and e-commerce.

AI

The Fintech Times

DECEMBER 13, 2023

Despite a notable $30billion funding decline as well as instances of slow growth, there was still strong confidence in fintech’s future from investors at this year’s Money20/20 USA in Las Vegas, as underpinned by findings from global payment company Discover® Global Network ’s 2023 Fintech State of the Union study. The research study, conducted by Discover Global Network with 451 Research , a part of S&P Global Market Intelligence , is known as the most comprehensive of its kind in the

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FinTech Payment Networks Research Payments Strategy 75

Fintech News

DECEMBER 13, 2023

Singapore is home to a robust and thriving fintech industry that’s often regarded as one of the leading hubs in Asia-Pacific (APAC). The city-state hosts some of ASEAN’s biggest and largest fintech companies; it continuously attracts the lion’s share of fintech funding across the region; and its well-established banking sector has shown commitment to adopting and integrating emerging technologies.

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FinTech Web 3.0 APACS Payment APIs and Integration 96

Finextra

DECEMBER 13, 2023

Google is teaming up with Zip and Affirm to offer buy now pay later options for US consumers shopping with Google Pay.

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BNPL Consumer 85

Fintech News

DECEMBER 13, 2023

The accelerated energy transition amidst pressing climate concerns has compelled industry players to contribute actionable solutions in driving positive change and sustainable development. Rising up to the challenge, Petronas, a global energy corporation, has significantly expanded its scope beyond traditional oil and gas operations, delving into the realms of technology, sustainability and innovative digitalisation through its initiative, Petronas FutureTech.

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SDN Innovation Participant Technology 96

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Explore how integrated payment strategies impact investor and buyer evaluations. Payments are more than a feature — they’re a key to long-term success and market differentiation. They help SaaS companies offer seamless user experiences and efficient operations. Investors and strategic buyers assess these integrated payment strategies as a measure of a company's growth potential and sustainability.

Payments Strategy

The Paypers

DECEMBER 13, 2023

Omnichannel payments provider Pavilion Payments has announced its partnership with ClutchBet in order to integrate instant payments to the latter’s customers.

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Instant Payments Payments 78

Fintech News

DECEMBER 13, 2023

Sumsub, a global full-cycle verification platform, announced that it has officially become a member of the Singapore Fintech Association (SFA). The firm had set up its regional headquarters in Singapore in July this year. According to Sumsub , this is in line with its commitment to “driving innovation, fostering key industry connections, and contributing to the vibrant fintech landscape in Singapore, as well as the wider APAC market” The SFA, a non-profit initiative encompassing vari

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Web 3.0 FinTech APACS Participant 89

Finextra

DECEMBER 13, 2023

The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today published the Real-Time Payment Application Program Interfaces (APIs) report in its Faster Payments Knowledge Center.

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Real Time Payments Faster Payments FPC API 71

Fintech News

DECEMBER 13, 2023

Global payments firm Airwallex has partnered with Woo, an open-source ecommerce platform on WordPress, to offer a new payment option for the latter’s merchants. This partnership aims to simplify cross-border commerce for global merchants without the high foreign exchange conversion fees. This integration with Airwallex equips Woo merchants with the capability to seamlessly accept cross-border payments.

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Cross-Border Payments Cross-Border Payments Addressing 88

Speaker: Jennifer Wright, Michael Scholz, Jasmin Guthmann, and Scott Canney

Digital transformation in retail is so much more than new technology. You need to get your whole organization, from entry-level workers to executives, on board with the new tech, new skills, and culture changes that digital transformation brings. Leading this mindset shift can be a daunting task… but that’s where this webinar comes in! Join our panel of experts as they guide you through the challenges of digital transformation, preparing you to avoid common mistakes and make the most of incredib

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