Fintech News
DECEMBER 17, 2024
Visa announced that its fraud prevention system blocked nearly 85% more suspected fraudulent transactions globally this Cyber Monday compared to the same day last year. This year, suspected fraudulent activity surged by 200% worldwide over the holiday weekend, with fraudsters increasingly turning to advanced AI tools to target both physical and digital transactions.
Fintech Finance
DECEMBER 17, 2024
Kuady , a payments service processor for Latin America, has today announced a new partnership with global sports betting and gaming provider MeridianBet. The integration will enable MeridianBet users in Latam to access Kuadys full suite of payment features, offering real-time deposits and withdrawals to enhance the betting experience. The MeridianBet partnership signals a strategic step towards delivering a faster and more seamless customer experience in Latam.
Fintech News
DECEMBER 17, 2024
Morgan Stanley has partnered with Wise Platform to enhance its cross-border payment capabilities for corporate and institutional clients. The collaboration makes Morgan Stanley the first investment bank to offer foreign exchange international settlements through Wises infrastructure. By leveraging Wise Platforms technology and pairing it with Morgan Stanleys integrated approach, the bank aims to provide fast, cost-effective, transparent, and easy international payment solutions for its sophistic
Fintech Finance
DECEMBER 17, 2024
Visa , a global leader in digital payments, convened the Digital Future Forum 2024 in Hanoi, showcasing the latest payment trends and innovations shaping Vietnam’s digital landscape. This forum, part of Visa’s annual client appreciation event, underscored Visa’s commitment to driving Vietnam’s digital transformation, with a focus on AI’s role in enhancing security and personalizing customer experiences.
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.
The Payments Association
DECEMBER 17, 2024
Ripple, the leading provider of digital asset infrastructure for financial institutions, announced that Ripple USD (RLUSD) will be available on global exchanges starting December 17, 2024. RLUSD is an enterprise-grade, USD-denominated stablecoin created with trust, utility, and compliance at its core, backed by Ripples years of experience working with crypto and the existing financial system.
Fintech Finance
DECEMBER 17, 2024
In a landscape where speed and security are essential for consumers, PayU sets a milestone by becoming the first payment gateway in Colombia to integrate Google Pay (GPay). This integration provides users with an unprecedented payment experience, allowing faster and safer transactions while redefining how Colombians shop. In a country where mobile payment growth is projected at 22% annually, adopting solutions like Google Pay is essential to meet market demand.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Fintech Finance
DECEMBER 17, 2024
Bitso Business the B2B arm of Bitso that provides the infrastructure for the future of cross-border payments releases its 2024 results. The company nearly doubled its business, by serving diverse industries such as e-commerce, OTC/trading, gaming and money transmitters, offering seamless and regulated integration with local banking systems and trading options for companies that move massive volumes of money and need high liquidity and fast settlement times; as well as for businesses that aggre
Bank Automation
DECEMBER 17, 2024
Klarna, the Swedish fintech that provides buy now, pay later services, was fined 500 million Swedish Kronor ($46 million) by Swedens Financial Supervisory Authority for violating anti-money laundering rules. The regulator in a Dec. 11 statement said that Klarna had significant deficiencies in its crime prevention measures, including failing to assess how its services could […] The post Klarna fined $46M for neglecting fraud regulations appeared first on Bank Automation News.
Fintech Finance
DECEMBER 17, 2024
Card Corporation, a leading privately-owned financial services technology company specializing in mobile banking and card payments, is pleased to announce a new collaboration with Visa to introduce Visa Direct Cross-Border payments. This agreement brings expanded access to global, fast, and secure payment options for CARD.com’s customers, aligning with its mission to deliver innovative financial solutions for its B2C and B2B White Label customers.
The Fintech Times
DECEMBER 17, 2024
Two , aEuropean B2B payments technology provider, is joining forces with ABN AMRO , a financial institution based in the Netherlands, to launch a new ‘Pay on Invoice’ solution, bringing flexible payment options to B2B e-commerce transactions. Powered by technology from Two, ABN AMRO plans to offer a reliable ‘Pay Later’ solution tailored to meet growing demands in the B2B commerce sector.
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
Fintech Finance
DECEMBER 17, 2024
Tietoevry Banking today announced the integration of Visa B2B Connect, a Visa Direct offering, into its Tietoevry Payment Hub. This move will enable Tietoevry Bankings client financial institutions to offer corporate customers Visa B2B Connect payments, delivering faster, more cost-effective and transparent payment options when transacting across borders.
The Fintech Times
DECEMBER 17, 2024
Canadian fintech Nuvei Corporation is expanding its global partnership with Google to integrate Google Pay, enabling merchants across Latin America to accept the payment option. By integrating Google Pay into Nuvei payment processes, merchants can offer their customers the secure payment option to help meet the growing demands of the current digital economy.
Fintech Finance
DECEMBER 17, 2024
Can global payroll truly exist in an era where business is increasingly international, and employees work from more places and locations than the office? More specifically, organisations need a single, global payroll platform with configuration, scalability, and compliance across all sizes and locations to achieve flexible global payroll management.
Payments Dive
DECEMBER 17, 2024
As the card network giant enforces its surcharge rules, merchants react to different experiences in the market and adjust.
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.
Finovate
DECEMBER 17, 2024
U.K.-based stablecoin infrastructure provider BVNK secured a $50 million Series B round, boosting its valuation to $750 million. The round was led by Haun Ventures with participation from Coinbase Ventures and Tiger Global. BVNK plans to launch in the U.S. next month with offices in New York and San Francisco. As living proof that the stablecoin revolution is underway, stablecoin infrastructure provider BVNK has raised $50 million.
Neopay
DECEMBER 17, 2024
The Payment Systems Regulator (PSR) has taken a decisive step to address the soaring costs of cross-border interchange fees on card transactions. Following a detailed review , the PSR has confirmed that Visa and Mastercards substantial increases in cross-border interchange fees are harming UK businesses, with costs rising by an estimated 150-200 million annually.
TechCrunch Fintech
DECEMBER 17, 2024
Online merchants can usually pay up to 8% of every sale on an item to companies like PayPal, Apple Pay, and Stripe and those costs are usually passed to consumers. So-called account-to-account or A2A payments can cut transaction fees to below 1%, saving merchants and consumers quite a bit of cash. The difficulty has been […] 2024 TechCrunch.
Neopay
DECEMBER 17, 2024
Preventing Authorised Push Payment (APP) scams is one of the Payment Systems Regulators (PSR) top priorities. A new report from PSR shows how fraudsters exploit major platforms to scam consumers. APP scams happen when victims are tricked into sending money to fraudsters posing as legitimate payees. These scams dont just cause financial losses; they cause emotional harm to consumers, undermine trust in platforms, and damage confidence in UK payments and the economy.
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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?
Innovative Payments Association
DECEMBER 17, 2024
Rep. French Hill (R-AR) was recently elected to be the chair of the House Financial Services Committee, and that’s likely to be positive for the payments industry. Rep. Hill spoke at the IPA’s annual conference in 2019, and while we need to be careful about making predictions based on anything from the pre-pandemic era, his talk does offer some clues as what we might see going forward.
Finextra
DECEMBER 17, 2024
Morgan Stanley is to adopt Wise's technology platform to conduct foreign exchange international settlement for its corporate customers.
Fintech News
DECEMBER 17, 2024
Revolut, a global neobank with over 50 million users, is set to introduce its upgraded security tool, Revolut Pay, to crypto customers in 2025, according to a CoinDesk report. The new offering aims to address the rising fraud risks in digital asset transactions. The platform, tested over a 12-month pilot, reportedly reduced fraud attempts by 50% for participating users.
Finextra
DECEMBER 17, 2024
A new report from the Payment Systems Regulator shows how fraudsters exploit major platforms to scam consumers.
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
Fintech Finance
DECEMBER 17, 2024
Tranglo , a leading cross-border payment hub, continues its expansion across Africa with the addition of 10 new payout countries: Benin, Cameroon, the Democratic Republic of the Congo, Gambia, Guinea, Guinea-Bissau, Ivory Coast, Malawi, Rwanda, and Tanzania. With the latest expansion, Tranglo now supports payouts to 25 African countries. Remittances are a lifeline for many African families, helping them tackle pressing challenges such as food insecurity, drought, supply chain disruptions, floods
Finextra
DECEMBER 17, 2024
Open banking data vendor Neonomics has filed a complaint with the Norwegian Competition Authority alleging anti-competitive practices in the payments market by the country's banking sector.
Fintech Review
DECEMBER 17, 2024
By Jelle van Schaick, Head of Marketing at Intergiro The present demand for services that extend beyond standalone tools has never been greater. People and businesses nowadays want more than isolated solutionsthey seek platforms that integrate seamlessly into their workflows, centralizing their operations and automating core processes. Enter vertical financial systems , purpose-built applications designed to serve specific industries or communities.
Finextra
DECEMBER 17, 2024
Hearing-impaired customers of Monzo can now chat with the bank's customer support team via SignLive, an online interpreting service for British Sign Language (BSL).
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.
Fintech Finance
DECEMBER 17, 2024
FINOM , the leading European digital banking solution for SMEs and entrepreneurs, today announced the launch of an update to its e-invoicing solution in Germany. This strategic update comes ahead of Germany’s upcoming e-invoicing regulations, which will require all entrepreneurs to receive electronic invoices starting January 2025, with full mandatory e-invoicing for all businesses by 2028.
Finextra
DECEMBER 17, 2024
The Hashgraph Group (THG), the Swiss-based international business, venture capital, and technology company, that operates exclusively within the Hedera ecosystem, has secured a fund management license through its subsidiary Hashgraph Ventures Manager Ltd in ADGM the fastest growing financial centre in the MENA region.
Fintech Finance
DECEMBER 17, 2024
Enfuce , card issuing and processing innovator, has partnered with SEB Embedded, a leading Banking-as-a-Service (BaaS) provider in Sweden, who in partnership with Humla have launched a game-changing co-branded card to Hemkp, one of Swedens largest, premiere supermarket chains. This launch marks the first live product from the partnership and signals the beginning of a new era for embedded finance within Swedens food retail sector, setting the stage for future innovations.
Basis Theory
DECEMBER 17, 2024
The personal account number, or PAN, can do more - understand push provisioning and account updaters to boost revenue.
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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