Thu.Sep 26, 2024

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Moneygram faces backlog after outage

Payments Dive

The international wire transfer company has restarted some services after a cyberattack, but is battling to fulfill transactions after taking its systems offline for much of the week.

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Bank of England to form AI consortium

Finextra

The Bank of England (BoE) is calling on financial services firms to join its artificial intelligence (AI) consortium designed to oversee the use of the technology within the sector.

AI 111
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Bharat Web3 Association Backs Blockchain Potential in Australia and India With New Partnerships

The Fintech Times

India-based Web3 association, Bharat Web3 Association , is expanding into Australia, after signing agreements with the Digital Economy Council of Australia (DECA), the voice for businesses and innovators utilising blockchain and distributed ledger technology (DLT), and Asosiasi Blockchain Indonesia , a non-profit organisation looking to mobilise blockchain technology in the region.

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R3 and Ownera to offer digital and financial market interoperability for Corda

Finextra

R3, the financial markets digital solutions firm and Ownera, a leading provider of tokenization interoperability routers based on the open FinP2P protocol, have partnered to enable interoperability across the largest number of live production-grade use cases and networks for digital assets and digital currencies.

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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

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Is cashtech the missing piece in fintech?

The Payments Association

Despite the rise of digital payments, the resurgence of cash use in the UK signals that physical money, supported by emerging cashtech innovations, remains an essential part of the financial ecosystem. Cash use has increased to 19% of all transactions in the UK, marking its highest use in over a decade. Despite what the media and some fintech evangelists may say about a ‘cashless society,’ physical money seems to be here to stay for the foreseeable future.

FinTech 88
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Credit Card Surcharges: What Are They, and How Do They Work?

Stax

Credit card surcharges are increasingly becoming a fact of life. Industry data shows that 9 out of 10 credit card users say they don’t want to pay surcharges but do it anyway. This is good news because it means you won’t have to inflate your base prices to cover payment processing fees. That said, you can’t just decide and impose credit card surcharges overnight.

More Trending

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FDX seeks to become open banking standard-setter

Payments Dive

The Consumer Financial Protection Bureau will decide whether an organization’s practices are transparent and balanced enough to set standards for open banking.

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Lucinity secures patent for federated learning AI, enabling secure data sharing

The Payments Association

Lucinity received a second US patent for its federated learning technology, enabling secure sharing of algorithmic insights across global financial systems without sharing sensitive data. This innovation enhances financial crime prevention and has potential applications in sectors like healthcare.

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Firms struggling to find RoI for AI projects

Finextra

More than half of the companies investing in artificial intelligence (AI) projects have been unable to extract any tangible benefit, according to recently published research.

AI 105
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Combatting APP fraud: How to build a best-in-class fraud prevention solution

The Payments Association

Managing fraud risk is increasingly challenging due to evolving fraudster techniques. Authorised Push Payment (APP) fraud is one of the areas seeing the most increase in recent times. This latest report in collaboration with Feedzai looks at how the new upcoming PSR rule changes will require banks to rethink their approach to fraud solutions and the technologies they adopt.

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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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Visa to buy UK fraud fighting tech provider Featurespace

Finextra

Visa has signed a definitive agreement to acquire British AI-powered financial fraud fighting outfit Featurespace for an undisclosed sum.

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Tasc launches new automated back office platform

The Payments Association

Tasc is an automated back-office platform that streamlines KYB/KYC, transaction monitoring, and dispute management for faster and more scalable operations.

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PayPal Complete Payments launches in China

Finextra

PayPal unveiled PayPal Complete Payments, a safe and efficient all-in-one platform that integrates a range of customized products and solutions to support Chinese merchants in selling globally.

PayPal 94
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BILL Extends Leadership in Payments with New Capabilities to Deliver More Choice and Faster Speed for SMBs and Accountants

Fintech Finance

BILL (NYSE:BILL), a leading financial operations platform for small and midsize businesses (SMBs), has announced new payment offerings for SMBs and accountants to make payments faster, easier, and more secure. The new capabilities, which are part of BILL’s powerful payments engine, include a new international payment option, Local Transfer, as well as enhancements to BILL’s Instant Payment and Invoice Financing payment offerings.

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Loyalty 101: How To Turn Browsers Into Buyers For Lasting Engagement

Speaker: Shaunna Bruton, Danielle Wyllie, and Kailey Holmes

Say goodbye to one-size-fits-all retail, and say hello to experiences that keep your customers coming back for more! Customer loyalty isn’t just earned - it’s cultivated through meaningful engagement with the help of data. This webinar will take you behind the scenes of how top retailers turn customer data into personalized experiences that drive engagement and retention.

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Paytently unveils its new branding at SBC Summit as Platinum Headline Sponsors

The Payments Association

Paytently unveiled its new branding at the SBC Summit, highlighting its innovation and investment in streamlining the payment process.

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Visa to buy cybersecurity firm Featurespace

Payments Dive

The cybersecurity acquisition is the latest move in a race by card networks to meet their clients’ needs in keeping up with fraud threats.

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What is Friendly Fraud in Payments?

Clearly Payments

In payments, fraud impacts both businesses and consumers. It can be painful. Among the various types of fraud , “friendly fraud” is rather challenging. Despite its seemingly innocuous name, friendly fraud has financial implications for businesses. This article gives an overview of friendly fraud, explains its causes, and provides insights into how businesses can protect themselves.

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Justt and Ravelin Partner to Strengthen AI-Powered Fraud Prevention and Chargeback Management Across Key Sectors

Fintech Finance

Justt , a leader in AI-powered chargeback mitigation, today announced a strategic partnership with Ravelin , a global provider of AI-native fraud detection and prevention solutions. This collaboration will significantly enhance fraud prevention and chargeback management for merchants operating in high-risk industries such as Food Delivery, Transportation, and Event Ticketing.

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Enhance Customer Value: Unleash Your Data’s Potential

The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.

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Why Card Tokenization Failure Hurts Your Business

Basis Theory

Understand the causes of, and cures for, card tokenization failure so you can close all your customer deals - today and tomorrow.

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Visa to Acquire Featurespace

Fintech Finance

Visa (NYSE: V) today announced it has signed a definitive agreement to acquire Featurespace , a developer of real-time artificial intelligence (AI) payments protection technology that prevents and mitigates payments fraud and financial crime risks. The acquisition of Featurespace will complement and strengthen Visa’s portfolio of fraud detection and risk-scoring solutions used by clients around the world to grow and protect their businesses.

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BofA launches account to help parents teach kids money lessons

Finextra

Bank of America has launched an account designed to help parents teach their children how to manage money.

Accounts 104
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Hilton Launches the World’s First Hotel Loyalty Debit Cards

Fintech Finance

Building on its legacy of innovation, Hilton has unveiled the world’s first hotel debit cards in the UK: Hilton Honors Debit Card and Hilton Honors Plus Debit Card, in partnership with travel debit card platform Currensea. Cardholders will earn Hilton Honors Points on all eligible* everyday spending to redeem on hotel stays or exclusive experiences.

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Top Strategies to Future-Proof & Sustain Your Merchant Services Portfolio

Build a sustainable merchant services portfolio with practical strategies to ensure long-term success. Diversify across industries to spread risk and stabilize income, balancing high-risk and low-risk clients for a robust mix. Combine large and small merchants to create a resilient payment portfolio, leveraging each type's strengths. Foster long-term relationships through exceptional service and personalized support.

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Xero Merchants Can Offer BNPL Payment Option Following Klarna Partnership

The Fintech Times

Hidden fees and limited payment options have often been a large hurdle which has hindered the amount of credit payments being made to small businesses. Firms using the business platform, Xero can now add ‘buy now pay later’ (BNPL) to their offering as it partners with Klarna , the AI-powered global payments network. Xero’s customers will now be able to offer alternative payment methods to traditional credit using Klarna.

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EIB Provides €220 Million to Nexi to Back Digital Payment Innovation in Europe

Fintech Finance

The European Investment Bank (EIB) is providing €220 million in financing to Nexi Group , Europe’s largest PayTech company, to support innovation in the digital payments sector. The agreement was announced today in Milano by EIB Vice-President Gelsomina Vigliotti and Nexi Group CFO Bernardo Mingrone. Nexi will use the EIB funds to develop and manage projects aimed at modernising digital payments in Europe, and to finance specific initiatives that leverage the expertise of Nexi Digital, a Eur

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Visa to Acquire Featurespace

Finovate

Visa is acquiring fraud prevention company Featurespace to enhance its own fraud detection and risk-scoring solutions. Terms of the agreement were undisclosed and the deal is expected to close in 2025 pending regulatory approvals. The acquisition comes as Visa faces legal challenges from the U.S. DOJ over alleged monopolization in debit card markets.

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Commerce Bank Selects FIS to Unlock Advanced Loyalty Solutions for Customers

Fintech Finance

FIS ® (NYSE: FIS), a global leader in financial technology, today announced it will be providing a completely end-to-end loyalty program management platform for Commerce Bank , a Midwest regional bank with over $30 billion in assets and nearly 160 years of history. By collaborating with FIS on this strategic initiative, Commerce Bank seeks to offer faster, more flexible innovation for its loyalty program, including enabling customers to redeem loyalty points at the point of sale.

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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.

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This Week in Fintech: TFT Bi-Weekly News Roundup 26/09

The Fintech Times

The Fintech Times Bi-Weekly News Roundup takes a look at the latest fintech stories from around the world on Thursday 26 September 2024. Industry movers Creditinfo, a global service provider for credit information and risk management solutions, appoints Charles De Winnaar as its global head of sales strategy and sales operations. He will lead Creditinfo’s global sales strategy and operations across its network of 30 credit bureaus.

FinTech 64
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Trulioo and Airwallex Expand Global Partnership

Fintech Finance

Trulioo , an industry-leading identity platform with proven global coverage for person and business verification, today announced its partnership expansion with Airwallex , a leading global payments and financial platform for modern businesses. Since the two joined forces in 2017, Airwallex has integrated Trulioo Identity Document Verification, Business Verification and Person Match to achieve compliance and robust fraud prevention across 181 countries.

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SBI Digital Markets and 21X collaborate on digital assets

Finextra

21X - a distributed ledger technology (DLT)-based market infrastructure for tokenized securities, which has applied for a license to operate a DLT trading and settlement system (DLT TSS) under the European Union’s DLT regime (DLTR) - has today announced a ground-breaking strategic partnership, with SBI Digital Markets (SBIDM), based in Singapore and a subsidiary of Japan's largest online financial services group, SBI Holdings.

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Klarna Launches on Adyen In-Store Terminals Across Europe, North America and Australia

Fintech Finance

Klarna , the AI-powered global payments network and shopping assistant, will launch its flexible payment methods on Adyen ’s physical payment terminals across Europe, North America and Australia. Adyen, the financial technology platform of choice for leading businesses, is the first global PSP to launch Klarna simultaneously on all physical payment terminals worldwide.

BNPL 88
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Secure SaaS Success: Embedded Finance as a Competitive Advantage

Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms

Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.