Fri.Aug 02, 2024

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Outdated tech could slow instant payment adoption: survey

Payments Dive

Financial institutions expect business clients to be a driver of instant payment revenue, but adopting the technology comes with hurdles, the results of a recent survey showed.

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TreviPay’s Joel Campbell Named ‘CFO of the Year’ by Kansas City Business Journal

Fintech Finance

TreviPay’s Joel Campbell has been named as the 2024 CFO of the Year by the Kansas City Business Journal. The annual CFO of the Year award program recognizes financial professionals in the Kansas City region for outstanding performance in their roles as corporate financial stewards. The winners will be honored during an awards event today at Loews Kansas City Hotel.

Audit 111
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Credit Card Competition proposal should become law

Payments Dive

“In the aftermath of the CrowdStrike outage, Congress and state lawmakers should look for opportunities to build backups and redundancies into critical online systems,” writes a payments consultant.

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SME Finance Taskforce announces plan boost UK economic growth

Finextra

The SME Finance Taskforce has released its cation plan to boost the UK economy by speeding up lending and access to finance for 5.5 million SMEs.

Finance 103
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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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Trust Payments Accelerates Past £1bn+ Milestone in Monthly Processing Volumes Thanks to Diversified Portfolio

Fintech Finance

Trust Payments , a global leader in customer commerce solutions, has surpassed the £1bn+ milestone in monthly processing volumes for the first time in its five-year history. The company reached over £1bn+ volume in July 2024 driven by the company’s diversified technology portfolio spanning payments, commerce and data. Daniel Holden, CEO Of Trust Payments, said: “Accelerating past the £1bn+ milestone is a huge testament to our compelling proposition in the market, driven by a hyper focus on

Volume 102
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U.S. Bank readies AI-driven cash forecasting tool

Bank Automation

U.S. Bank is developing AI-driven solutions for its business clients, with its latest efforts targeting the launch of an AI-driven cash-forecasting tool. Major financial institutions like Bank of America, Citizens Bank and PNC Bank have already deployed cash-forecasting solutions.

AI 78

More Trending

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Inside Cambridge Savings Bank’s 3-year digital roadmap

Bank Automation

Cambridge Savings Bank is executing a three-year digital roadmap with automation, client experience and modern platforms at the forefront of the effort. “Our mandate is digitize everything right now as much as we can,” Chief Operating Officer Kevin McGuire told Bank Automation News. As the Cambridge, Mass.

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Chase and DoorDash Announce Expansion of Partnership to Include New Grocery Benefits for Chase Sapphire and Other Consumer Branded Cards

Fintech Finance

The largest credit card issuer in the U.S., Chase and DoorDash , the premier local commerce platform announced an extension and expansion of its partnership. Starting today, Chase Sapphire and other eligible Chase cardmembers will receive recurring benefits on orders from over 150,000 grocery, convenience and non-restaurant stores on DoorDash. This partnership also provides access to a complimentary DashPass membership for existing Chase cardmembers and consumers who sign up now through December

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People's Clearinghouse partners with Interledger Foundation

The Paypers

People’s Clearinghouse has announced its partnership with the Interledger Foundation in order to launch a digital cross-border payment infrastructure project.

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ComplyTek Introduces Advanced Transaction Screening for Instant Payments

Fintech Finance

ComplyTek introduces an advanced transaction screening solution for instant payments , designed to ensure compliance and mitigate fraud within the critical 10-second processing window. Leveraging machine learning and AI, the platform offers comprehensive monitoring and fraud detection capabilities. ComplyTek’s advancements in AI have significantly contributed to its recent industry recognition.

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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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PSR addresses APP scams in new report

The Paypers

The Payment Systems Regulator (PSR) has published its latest report on the performance of payment firms in addressing Authorised Push Payment (APP) scams for the year 2023.

Scams 69
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ICBA Payments Partners With Pidgin to Improving Speeds for Community Banks

The Fintech Times

Pidgin , the payments ecosystem, has been selected by ICBA Payments , the payments subsidiary of the Independent Community Bankers of America (ICBA) as a new partner to facilitate instant payments for community banks across the US. In a LinkedIn post, Rebeca Romero Rainey , CEO and president at ICBA and community bank advocate, explained the importance of community banks in the US. “16.3 million people in roughly one in three US counties would have limited or no physical access to mainstre

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The ECB and EBA report reveals EUR 4.3 billion in fraud payments

The Paypers

The European Central Bank (ECB) and the European Banking Authority (EBA) have published a collaborative report on payment fraud data.

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PSR Reveals Huge Disparity in How Banks Approach to APP Fraud Claims

The Fintech Times

In 2023, Authorised Push Payment (APP) scams totalled just shy of £341million in the UK, with new research highlighting that reimbursement varies significantly depending on who consumers bank with. These findings come from the latest performance report by the Payment Systems Regulator (PSR), tracking the performance of payment firms in tackling APP scams and reimbursing victims in 2023.

Scams 64
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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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Tuum forms partnership with ComplyAdvantage,

Finextra

Tuum, a leading next-generation core banking platform, is proud to announce its partnership with ComplyAdvantage, a leader in financial crime intelligence.

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Access PaySuite Survey Paints a Mixed Picture for Pay-by-Bank Adoption

The Fintech Times

Open banking payments adoption rates are increasing, according to the latest report from Access PaySuite , the payments solutions provider. Since its launch in 2018, the adoption of open banking payments has also grown. A number of businesses have already listed it on their websites including lenders (42 per cent), building societies (17 per cent), and credit unions (11 per cent).

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Freetrade pulls out of Swedish market

Finextra

Freetrade has announced it is leaving the Swedish market to focus its resources on UK self-directed investment market.

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Flutterwave’s Expansion into Ghana Bolstered by New Payment Service Licence

The Fintech Times

Flutterwave has secured a payment service provider licence from the Bank of Ghana , marking an expansion of its operations in Africa. This licence lets the company offer a range of payment services directly within and through Ghana. Ghana’s tech-savvy youth population and high mobile internet penetration ideally position the country for digital growth.

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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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From Human to Algorithm: How AI is Transforming Financial Advice

Finextra

In the last couple of years, artificial intelligence (AI) has evolved from a new technology to a wel.

AI 52
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EU Launches AI Act: Offenders Must be Made an Example Of Explains Industry

The Fintech Times

The European Union ‘s latest AI Act, published yesterday, reflects the forward-thinking and innovation-driven attitude of the region as it looks to regulate the way organisations develop, use and apply artificial intelligence (AI). First proposed in 2020, the regulators aim to govern the AI space in Europe by establishing the level of risk AI has on a company based on how it is used.

AI 59
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Where can PayPal expand next?

Finextra

PayPal is one of the most used payment platforms throughout the world. It is used by everyone for di.

PayPal 52
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Bouncing Back

Green.Money

Life is a journey, not a straight path. Sometimes, even the most driven entrepreneurs find themselves in a period of downtime, whether due to burnout, personal reasons, or simply taking a well-deserved break after a successful run. If you’ve accumulated some wealth from past successes, stepping away might have felt like the right choice at the time.

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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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Pidgin and ICBA Payments partner to offer instant payments to community banks

Finextra

Pidgin, a secure, real-time payments platform built for the future of payments, has partnered with ICBA Payments, the payments subsidiary of the Independent Community Bankers of America (ICBA), to offer instant payments to the nation’s community banks.

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Paysign, Inc. Reports Second Quarter 2024 Financial Results

The Nilson Report

The post Paysign, Inc. Reports Second Quarter 2024 Financial Results appeared first on Nilson Report.

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Iress sells UK mortgage business

Finextra

Iress (IRE: ASX) today announces it has completed the sale of its UK Mortgage Sales & Originations (“Mortgages”) business to Bain Capital Tech Opportunities LP (“Bain Capital”).

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UK Law Commission calls for new legal category for digital assets

The Paypers

The UK Law Commission has released a report in which it proposes legal reforms to better protect the unique features of digital assets.

Legal 41
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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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ASX begins final Chess replacement consultation

Finextra

ASX today released a public consultation paper which proposes the CHESS replacement settlement and subregister services be implemented in 2029.

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Finastra partners with Tech Mahindra

The Paypers

Finastra has announced its partnership with Tech Mahindra in order to accelerate the process of digital development for corporate banks and financial institutions.

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Shawbrook picks nCino to help automate loan origination processes

Finextra

nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, announced that Shawbrook has chosen nCino to help automate its loan origination processes, while expanding portfolio management capabilities through nCino’s cloud-based platform.

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Accelerate Payment Collection: Embrace ‘Instant A2A Payments’ with GoCardless and Chargebee

Chargebee

Card payments have always incurred more processing fees than Account-to-Account (bank-based) payments. But with cards, you and your customers get the convenience of instant confirmation. You both know right away if the payment is successful, and if not, the customer can quickly try a different payment method and complete the checkout.

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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