Fintech News
NOVEMBER 13, 2024
Cake by VPBank, a Vietnamese digital bank, has collaborated with Visa to launch a cloud-based card management system (CMS). The system, built on Google Cloud infrastructure and using Visa Cloud Connect, integrates with Visa’s global payment network. The CMS aims to enhance payment processing in Vietnam by leveraging cloud infrastructure, allowing for secure and streamlined operations.
Fintech Finance
NOVEMBER 13, 2024
Blink Payment , a UK paytech platform that offers businesses seamless digital payment solutions, today announces its entry into B2B fashion payments through integration with ERP Zedonk , in a move that will enable more than 1,000 leading fashion brands and showrooms to streamline their buyer payments. Zedonk currently services over 1,000 brands and showrooms across 45 countries, many of whom distribute their products to individual retailers.
Fintech News
NOVEMBER 13, 2024
Payment giant Visa announced its commitment to supporting digital creators by recognising them as small businesses at the Web Summit in Lisbon. This provides creators with access to Visa’s financial tools, resources, and products, including business cards, payment controls, and programmes like Practical Business Skills, previously only available to traditional small businesses.
Clearly Payments
NOVEMBER 13, 2024
In payment processing, one component of the payment processing tech stack involving credit or debit cards is the Bank Identification Number or BIN. Although BINs play a critical role in how payments are processed and authenticated, they often go unnoticed by the average consumer or merchant. For payment processors and financial institutions, however, understanding BINs is essential for smooth transaction processing, security, and even risk management.
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.
Fintech Finance
NOVEMBER 13, 2024
Aryza Group , a leading provider of financial software solutions, has announced the expansion of its partnership with GoCardless , a global bank payment company. This collaboration transforms the existing technology relationship into a comprehensive partnership that includes an introducer agreement across all Aryza platforms globally. Since becoming a technology partner in 2022, GoCardless has played a vital role in Aryza’s payment solutions.
Fintech News
NOVEMBER 13, 2024
Canadian payments firm Nuvei Corporation announced that it has received all necessary regulatory approvals for its plan to go private. The move is part of an arrangement with Neon Maple Purchaser Inc., an entity formed by Advent International, in collaboration with Nuvei CEO Philip Fayer, Novacap Management Inc., and CDPQ. The transaction, valued at approximately US$6.3 billion, is expected to close on or around 15 November 2024, pending the satisfaction of remaining closing conditions.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
The Fintech Times
NOVEMBER 13, 2024
Both seasoned users and newcomers to the crypto scene will be able to transact and explore the web3 space using the Avara Family Wallet, the new non-custodial crypto wallet with built-in messaging. Avara, the parent company behind Aave Labs and Lens , has launched this new Ethereum wallet to ensure users remain in full control of their assets, private keys and sensitive data.
Fintech Finance
NOVEMBER 13, 2024
Citi (NYSE: C) and Bank of Shanghai launched a first-of-its-kind payments solution on Bank of Shanghai ’s TourCard. The TourCard aims to provide international travelers a straightforward, cost-efficient and more streamlined Chinese yuan renminbi (CNY) payment journey while traveling in China. The payment service is facilitated by Citi’s industry-leading USD Clearing solution and its full-value transfers, which ensures the final beneficiary receives their money at full value with no deductions.
Stax
NOVEMBER 13, 2024
Understanding ACH credit payments means understanding the way in which different types of ACH payments are processed in the US banking system. ACH credit payments differ from ACH debit payments and both are distinct from credit and debit card payments. In this article, we will explore the differences between each type of payment along with their key features and benefits.
NFCW
NOVEMBER 13, 2024
TESTING: Cilab’s high speed test solution supports transport ticketing certification PARTNER NEWS: Testing and certification services provider Cetecom Advanced has selected Cilab’s ISO/IEC TS 24192 PICC PCD Level 1 testing solution to support the expansion of its portfolio of terminal and transport ticketing testing and certification services.
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 Dive
NOVEMBER 13, 2024
The buy now, pay later company announced Tuesday it had filed confidentially with the Securities and Exchange Commission for an initial public offering.
Fintech News
NOVEMBER 13, 2024
Mastercard announced plans to revamp online checkout procedures by 2030, aiming to eliminate manual card entry and passwords. Citing concerns about online fraud, which occurs at seven times the rate of in-store fraud, Mastercard proposes a system that relies on tokenisation and biometric authentication, such as fingerprints and facial recognition. This approach also seeks to address issues like cumbersome checkout processes, which currently lead to a 25% cart abandonment rate.
Finextra
NOVEMBER 13, 2024
Mastercard has set itself the target of using tokenisation and biometrics to eliminate manual card entry, passwords and one-time codes for online purchases by 2030.
The Finance Weekly
NOVEMBER 13, 2024
It's crucial for small businesses to maintain good cash flow by managing finances and staying updated on Accounts Receivable (AR). Effectively handling AR means keeping track of customer invoices and making sure payments are collected on time. Now, let's look at common challenges finance teams face with AR and ways to enhance payment collection while minimizing the risk of unpaid invoices.
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
NOVEMBER 13, 2024
Business payments platform MODIFI has secured $15 million in funding. The Series C round was led by SMBC Asia Rising Fund, and featured participation from existing investors Maersk, Intesa SanPaolo, and Heliad. MODIFI made its Finovate debut at FinovateEurope 2020 in Berlin, Germany. In a round led by SMBC Asia Rising Fund, B2B Buy Now, Pay Later platform MODIFI has raised $15 million in funding.
Finextra
NOVEMBER 13, 2024
Finextra spoke to co-founder Charles O’Neil and CMO Dan Walsh, of new financial literacy app, Sunshine+Kittens, which is set to launch early next year.
Nanonets
NOVEMBER 13, 2024
Hyperscience is known for its AI-driven document processing capabilities. It offers organizations a robust solution for automating and streamlining data extraction from various document types. Its unique selling proposition lies in its ability to handle complex, unstructured documents accurately and efficiently. Some of the key features of Hyperscience include: Advanced data extraction: Utilizes machine learning to accurately extract data from diverse document formats, including hand
Finextra
NOVEMBER 13, 2024
Bank-backed mobile payment operators from Italy, Spain and Portugal have pioneered interoperable money transfers, making it possible for users to conduct instant cross-border P2P transactions.
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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?
Fintech News
NOVEMBER 13, 2024
A recent survey by global payments service provider FIS has revealed that digital banks are making inroads in Singapore, with 43% of respondents indicating they are likely to try one in the next year. This comes in addition to the 29% who have already embraced digital banking. The survey, which polled over 1,000 retail banking customers, highlights the growing appeal of digital banks across all age groups.
Fintech Finance
NOVEMBER 13, 2024
Solidgate , a payment processing platform that empowers businesses to scale across borders, announced its partnership with Nova Post — the Ukrainian leader in express delivery and logistics — to provide safe and seamless payment services for both businesses and individuals. Operating in 15 countries across the EU and the UK, Nova Post aims to offer a seamless and secure payment experience with the new partnership.
Fintech News
NOVEMBER 13, 2024
The Monetary Authority of Singapore (MAS) received fewer than five complaints annually over the past five years concerning online “finfluencers,” Parliament was told during a session. Most of these complaints involved remarks by individuals who did not provide financial advice and therefore did not fall under MAS regulation. MAS Board member Alvin Tan clarified that financial institutions using finfluencers for advertising must ensure information is presented clearly and in a balance
Fintech Finance
NOVEMBER 13, 2024
PayerMax , a leading global provider of payment solutions, has been named Best Payments Solutions Provider of 2024 by MEA Finance magazine at an award ceremony hosted on November 12 in Dubai. The award is a testament of PayerMax’s success in providing exceptional financial technology services to clients in the Middle East and Africa, as well as its leadership position in payment solutions.
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
Finextra
NOVEMBER 13, 2024
The work on implementing the Trust Infrastructure in Europe is now going into high gear. Today’s Ope.
Fintech Finance
NOVEMBER 13, 2024
Authorised Push Payment (APP) fraud continues to be one of the most pressing concerns for financial services, the payment industry, law enforcement and the general public – and new developments in cross-border payments may be making it easier. A new study by The Payments Association, the UK’s community and advocate for the payments industry, highlight how the speed and anonymity of cross-border payments, and the global patchwork of different regulatory regimes, is being exploited by criminals.
Finextra
NOVEMBER 13, 2024
Viamericas, a leading licensed money transmitter known for its international money transfer, bill payment, check processing, and top-up services, is proud to announce the launch of its rapid cash-to-account transfer service in the United States.
Fintech Finance
NOVEMBER 13, 2024
Viamericas , a leading licensed money transmitter known for its international money transfer, bill payment, check processing, and top-up services, is proud to announce the launch of its rapid cash-to-account transfer service in the United States. This new service revolutionizes how customers can make and receive cash transfers within the United States.
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 Payments Association
NOVEMBER 13, 2024
Web3 is transforming finance with blockchain, digital assets, and smart contracts, paving the way for a decentralised future. The Web3 future is quickly taking shape, primarily driven by innovative leaps in financial services. This vision for the next iteration of the Internet—one powered by blockchains that enable direct, automated and trusted interactions—can be seen across a range of growing use cases and is being put into practice by startups and traditional financial companies alike.
Fintech Finance
NOVEMBER 13, 2024
Award-winning buy-to-let lender Landbay has appointed Anna Macdonald to its board as an independent non-executive director. With over 20 years’ experience in institutional and wealth management, Anna is currently an investment manager at Aubrey Capital Management. She previously worked as a fund manager at Amati Global Investors and Henderson Global Investors.
Basis Theory
NOVEMBER 13, 2024
We review the different options merchants have for payment tokenization and give our recommendation! Tokenize your payments today!
Fintech Finance
NOVEMBER 13, 2024
Mollie , one of Europe’s fastest-growing financial service providers, has enabled Tap to Pay on iPhone for its customers. This allows businesses of all sizes to use the Mollie app on iPhone to accept contactless payments without the need to purchase or manage additional hardware. Tap to Pay on iPhone is now available to Mollie’s 200,000 customers in The Netherlands, France and Germany, allowing them to unlock the benefits of Tap to Pay on iPhone instantly through the Mollie app.
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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