Wed.Jan 15, 2025

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The Hidden Costs of Payment Processing No One Talks About

Clearly Payments

If you run a business, youre aware of the basic fees for accepting credit card payments. You might even know that theres something called an interchange fee , usually around 1.5%3.5% depending on the credit card. However, what many merchants dont realize is that there can be a whole range of extra, often hidden costs buried in their processing agreements.

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Union Credit Teams Up with MeridianLink to Enhance Lending at the Point of Purchase

Finovate

Union Credit has announced a new partnership with MeridianLink. The partnership will simplify and streamline the lending process for credit unions with real-time financing solutions at the point of purchase. Union Credit most recently demoed its technology at FinovateFall 2024. Union Credit , a marketplace for credit unions that offers pre-approved, one-click credit offers at the point of purchase, has teamed up with software platform MeridianLink.

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Mamo Becomes Preferred Payment Provider for Lyvely on a Mission to Empower the UAE’s Creator Economy

Fintech Finance

Mamo , a UAE-based fintech company, has been selected as the preferred payment provider for Lyvely , a social e-commerce platform enabling content creators to monetize their products and services. This collaboration reflects Mamos ongoing commitment to providing efficient payment solutions for businesses and supporting the growth of the UAE creator economy.

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Athens switches on contactless payments for public transportation fares

NFCW

Public transportation users in Athens can now use the Greek capital city’s new tap2ride service to pay for their fares with their contactless bank card, smartphone or smart watch. The new contactless payment system works across the entire Athens Urban Transport Organization (OASA) transportation network, including on buses, trolleys, the metro and trams.

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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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Transform Your Money Management: MyGuava App Now Makes Personal Finance Simpler Than Ever

Fintech Finance

Managing finances while travelling or navigating everyday life can often feel overwhelming. MyGuava is designed to change that. It’s a universal financial tool that blends convenience, transparency, and flexibility to meet the needs of global citizens, whether you’re on an international adventure or handling daily expenses. With a multi-currency account, seamless international transfers, personalised virtual cards and analytics tools, MyGuava provides the ultimate solution to simplif

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How Swift is moving the global financial industry towards instant and frictionless payments

The Payments Association

Swift drives global interoperability and innovation, aligning with the UK’s National Payments Vision to enhance seamless, secure payments. The UKs payments landscape is at an inflexion point. The recently published National Payments Vision sets a forward-looking strategy, outlining priorities such as enhancing the regulatory framework, advancing Open Banking, combating fraud, and building a world-leading payments infrastructure with cross-border interoperability.

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Card fraud losses will increase over next decade

Payments Dive

Fraud losses in card payments will continue to rise worldwide, the research firm Nilson Report said this month, predicting $404 billion in global losses over the next ten years.

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Exclusive PXP Research Reveals Key Insights into Payment Preferences

Fintech Finance

PXP , the expert in global payment services, today shares the findings from exclusive new research conducted in collaboration with polling firm Censuswide, revealing the payment preferences, priorities and frustrations of more than 4,000 consumers across the UK and US. The research uncovers compelling trends in how people choose to pay and what drives their decisions: Debit card is the preferred method of payment for all in-person transactions, with the exception of cruises, where credit cards p

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PXP Unity Launched to Meet Merchant Demand for Digital Transformation Solutions

The Fintech Times

Merchants are demanding digital transformation solutions, and tailoring its latest product to this desire, PXP , the omnichannel global payment platform, has launched its new technology platform, PXP Unity. Merchants looking for solutions which can offer a more unified commerce front could turn to PXP as the firm’s new platform aims to empower organisations with POS and online services.

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ACI Worldwide Announces Appointment of Philip Bruno as Chief Strategy and Growth Officer

Fintech Finance

ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, today announced the appointment of Philip Bruno as chief strategy and growth officer. ACI is executing on the strategy we launched in 2024 to become the global leader in Intelligent Payments Orchestration, said Thomas Warsop, president and CEO of ACI Worldwide. The addition of Phil to our already strong executive leadership team is critical to further enhancing our corporate strategy and increasing our growth oppo

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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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Nevermined Raises $4 Million for Decentralized AI Payments Protocol

Finovate

Nevermined has raised $4 million to power AI-to-AI transactions. The Switzerland-based company now counts $7 million in total funding, which it is using to build the “PayPal for AI,” enabling seamless payments between AI agents. The round was led by Generative Ventures, while Polymorphic Capital, NEAR, Halo Capital, Factor Capital, Lyrik Ventures, and Arca also contributed.

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Unicaja and Fiserv Sign a Strategic Payments Agreement

Fintech Finance

Unicaja , one of the leading banks in Spain, and Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology, today announced a strategic agreement which will, subject to regulatory approvals being secured, see them work together to develop advanced solutions in payments and e-commerce, integrating omnichannel capabilities with the highest standards of speed, security, and convenience, in response to growing market demand in Spain from merchants of all sizes

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Yuno Teams Up with PayPal to Expand Merchant Payment Options

The Fintech Times

Yuno , a global payment orchestration platform, has teamed with PayPal in a strategic collaboration aimed at enhancing its merchant services. This partnership enables Yuno-powered merchants to integrate PayPal’s secure payment solutions, providing access to over 400 million active users globally. It expands market reach for merchants and introduce features like one-click checkout and advanced fraud protection Including this partnership, Yuno now supports over 300 global payment methods ena

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2025 is the Year of Fintech Spring: 5 Trends to Watch at FinovateEurope

Finovate

If you haven’t heard, 2025 is the year of fintech spring. The chill has been taken out of the industry as investors regain confidence, new startups can launch with less risk, and established players are doubling down on new technologies to meet evolving customer demands. From fresh AI applications to the new uses for embedded finance, fintech is experiencing a renewed momentum.

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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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Airwallex Expands Its Offering to the UK Following ClearBank Partnership

The Fintech Times

Global payments and financial platform for modern businesses, Airwallex has expanded its UK offering with virtual business accounts, GBP collections, and confirmation of payee (CoP) functionality, following a new partnership with ClearBank , the embedded banking and real-time clearing enabler. The partnership was formed as both firms are looking to streamline financial services for more customers.

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Fintechs urged to embrace accessibility

Finextra

As the June 2025 deadline for the European Accessibility Act approaches, design agency Nexer Digital has launched a new campaign, 'I Matter Too', to raise awareness about the importance of inclusive online experiences in the fintech sector.

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Ebury to Acquire Lithuanian International Payments Provider ArcaPay Amid Strong Growth and Continued Profitability Momentum

Fintech Finance

Ebury , the global financial technology firm that empowers small- and medium-sized businesses to trade and grow internationally, is pleased to announce it has entered into an agreement to acquire ArcaPay , a Lithuanian-based specialist provider of B2B cross-border payment solutions. The acquisition of ArcaPay, which is subject to regulatory approvals, will enable Ebury to expand in the Baltics, help existing clients grow in the region and further strengthen and complement its core capabilities i

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How AI makes payments faster, cheaper

Payments Dive

Artificial intelligence can simplify payment transactions for merchants, Davi Strazza, president of North America for Adyen, said in an interview.

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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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JCB and Taiwan Rakuten Card Launch New JCB Panda Card

Fintech Finance

JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japans only international payment brand, has announced the launch of the new JCB Panda Card in collaboration with Taiwan Rakuten Card. The new JCB Panda Card will be available starting January 15, 2025. Taiwan Rakuten Card was established in 2014 with the approval of the Financial Supervisory Commission to enter the Taiwanese domestic credit card market, becoming the first e-commerce platform in Taiwan to issu

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Why network tokenisation is more than just a security upgrade

The Payments Association

Network tokenisation boosts security, cuts costs, and enhances customer experiences, making it essential for modern merchants. In the relentless evolution of online payments, network tokenisation has emerged as more than just a security buzzwordit’s a game-changing step for merchants seeking to thrive in a digital-first economy. Yet, many are still overlooking its broader impact on cost savings, customer experience, and transaction efficiency.

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Airwallex Invests in Latin America Growth With Brazil and Mexico Entries

Fintech Finance

Airwallex announced several milestones in its global expansion strategy: securing a payment institution license from the Banco Central do Brasil, and finalizing the acquisition of MexPago, a Mexico-based payment service provider and an Institution of Electronic Payment Funds (IFPE) license-holder. With these two licenses secured, Airwallex will link its global financial infrastructure to Latin Americas two largest economies to enable support for companies in Brazil and Mexico and facilitate inte

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NYDFS and Bank of England's exchange program on crypto regulation

The Paypers

NYDFS has partnered with the Bank of England on a Transatlantic Regulatory Exchange (TRE) programme to strengthen oversight of digital assets and emerging payments.

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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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Google fund invests in KYB verification startup Arva AI

Finextra

Google's early-stage AI fund has led a $3 million seed round for Arva AI, a startup that helps banks and fintechs automate AML and KYB compliance.

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From Mobile Wallets to Neobanks: Uganda’s Financial Services Evolution

The Fintech Times

Uganda is rapidly emerging as a key player in the fintech and financial services sector within Africa, buoyed by innovations in mobile money and digital banking. With Kampala as its capital and financial hub, the country is working through various economic challenges, including health crises as well as strict lockdowns. Despite these hurdles, Uganda’s commitment to financial inclusion is evident in its robust mobile money ecosystem, diverse fintech solutions in savings, lending and remitta

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Mastercard to pay $26 million to settle gender and race bias class action suit

Finextra

Mastercard is to pay $26 million to settle accusations that for years it underpaid famale, black and hispanic employees.

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PayPal’s Hyperwallet Joins Thunes Global Network, Enabling Customers to Send Money to Asia Pacific

The Fintech Times

Hyperwallet , a global payout service from PayPal , has become the newest member of the Direct Global Network built by cross-border payment infrastructure provider Thunes. By joining the Thunes network, Hyperwallet can enable its customers to send money in real-time to over 450 million mobile wallets and bank accounts in the Asia Pacific region: Bangladesh, Indonesia, Malaysia, Philippines, South Korea, and Vietnam.

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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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Klarna in talks to sell US loans - FT

Finextra

Klarna is in talks with banks about selling a portfolio of US "Pay in 4" instalment loans ahead of its planned IPO, according to the Financial Times.

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CertifID acquires Paymints.io to protect real-estate transactions

The Paypers

CertifID , a player in wire fraud protection for the real estate industry, has acquired Payments.io , a solution that enables digital money transfers by title companies, law firms, and real estate brokerages.

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How CES Informs U.S. Bank's Continous Innovation

Finextra

Attending CES in Las Vegas, Don Relyea, Chief Innovation Officer, U.S. Bank, spoke to FinextraTV about why an electronics show like CES is so instrumental to banking. As well as noting the increase in financial firms attending, Relyea describes how technological innovation will intersect with the future of banking and financial services in 2025.

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Citi arms 30K developers with AI tools

Bank Automation

Citibank will invest heavily in technology as it continues the long journey of restructuring all of its operations. We accelerated our use of AI, arming 30,000 developers with AI tools to write code, Chief Executive Jane Fraser said during the banks fourth-quarter earnings call today. The bank also launched two AI platforms that can search […] The post Citi arms 30K developers with AI tools appeared first on Bank Automation News.

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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