Fintech News
OCTOBER 31, 2024
FXC Intelligence, a data platform specializing in the cross-border payment and e-commerce sectors, has released its annual selection of the world’s most promising cross-border payments companies in 2024. This year, the list spotlights six companies from Asia, recognizing them for their rapid growth, increasing market significance, and strong potential for future success.
Clearly Payments
OCTOBER 31, 2024
The economy today is tech-driven and payment methods are a key part of that paradigm. From traditional options like credit cards to emerging solutions such as cryptocurrencies and biometrics, each payment method comes with unique advantages that cater to varying consumer needs. This report covers the payment methods available, examining their usage, growth trends, and statistics to help businesses make informed decisions.
Fintech Finance
OCTOBER 31, 2024
Today, the Payment Systems Regulator (PSR ), marks another significant milestone in its fight to tackle fraud, as hundreds of additional financial firms adopt the name-checking service, Confirmation of Payee (CoP). This expanded rollout means that over 99% of all transactions made through Faster Payments and CHAPS are now safeguarded by this vital anti-fraud measure, offering consumers an important way to protect themselves from fraud.
The Fintech Times
OCTOBER 31, 2024
Shift4 , an integrated payments and commerce technology provider, has launched its new ‘Pay with Crypto’ offering, enabling merchants worldwide to accept cryptocurrency seamlessly for both e-commerce and POS. Shift4 merchants will be able to accept payments in a variety of cryptocurrencies from around the world, including Bitcoin , Ethereum, Solana, US Dollar Coin (USDC) and other major stablecoins.
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
OCTOBER 31, 2024
Thredd , a leading next-generation global payments processor, today announced the launch of its suite of enhanced compliance and risk management services, designed to help fintechs, programme managers and their bank sponsors address heightened concerns through new tools designed to deliver greater efficiency, oversight and go to market speed at a better cost.
PCI Security Standards
OCTOBER 31, 2024
The PCI Security Standards Council (PCI SSC) is pleased to announce a simplified onboarding process for laboratories seeking to conduct Mobile Payments on COTS (MPoC) evaluations and become MPoC-certified labs. This new streamlined approach removes previous barriers to entry while maintaining the Council’s rigorous security and quality standards.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Bank Automation
OCTOBER 31, 2024
The Consumer Financial Protection Bureau fined VyStar Credit Union $1.5 million today for the botched rollout of a new online banking system, which left clients unable to access basic online banking services. The Jacksonville, Fla.-based, $14.75 billion VyStar tried to transition to a new online banking platform in May 2022, but the platform failed leaving […] The post CFPB fines VyStar Credit Union $1.5M for ‘bungled’ platform rollout appeared first on Bank Automation News.
Fintech Finance
OCTOBER 31, 2024
International money app Zing has today rolled out two new frictionless, top-up options for members. Automatic and one tap top-ups will utilise open banking variable recurring payments (VRP) to enable members to add funds from seven major banks within 30 seconds. The new features will be available for all members thanks to Visa’s open banking platform, Tink.
Payments Next
OCTOBER 31, 2024
by Jim Merchant, Senior Program Director at BHMIFacing rising costs, competition, and complexity, many companies in the payments space are continually seeking The post Gaining Control of Transaction-Based Fee Structures first appeared on Payments NEXT.
The Fintech Times
OCTOBER 31, 2024
nCino , the global cloud banking platform, is set to acquire UK-based SaaS platform FullCircl as it continues to expand its reach and invest in its EMEA growth strategy. FullCircl’s platform helps financial institutions automate and accelerate onboarding and improve client lifecycle management, by helping them overcome regulatory and verification challenges.
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
Finextra
OCTOBER 31, 2024
The European Central bank has launched a call for expressions of interest in innovation partnerships for the digital euro.
The Fintech Times
OCTOBER 31, 2024
The Fintech Times Bi-Weekly News Roundup takes a look at the latest fintech stories from around the world on Thursday 31 October 2024. Partnerships and collaborations Paysafe has partnered with Deutsche Bank AG, Germany’s largest retail bank, to provide private customers with easy access to cash services. Powered by Paysafe’s barcode solution, Paysafecash (marketed as ‘viacash’), banking customers in Germany can deposit and withdraw cash seamlessly to and from their bank accounts.
Bank Automation
OCTOBER 31, 2024
Bank of America Corp. said US regulators may take action against the firm over its efforts to detect suspected money laundering and sanctions violations, as well as its handling of payments on the Zelle network. Regulators may issue public orders after examining the firm’s compliance programs “including transaction monitoring, training, governance and customer due diligence,” […] The post BofA says U.S. may take action over money laundering, Zelle appeared first on Bank Automation News.
Finextra
OCTOBER 31, 2024
Confirmation of Payee in the UK has been extended to cover almost 99% of all transactions made through Faster Payments and Chaps after more financial firms implemented the fraud-fighting protocol.
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.
Bank Automation
OCTOBER 31, 2024
Two acquisitions and several new products are supporting Mastercard’s ongoing innovation efforts. “All that we’re doing on strengthening our product solutions and our acquisitions … is going to be the way for us to win,” Chief Executive Michael Miebach said during Mastercard’s Q3 earnings call today. Mastercard has announced these recent deals: On Oct. 1: […] The post Inside Mastercard’s Q3 acquisition, innovation strategy appeared first on Bank Automation News.
Finextra
OCTOBER 31, 2024
Starling Bank has launched an in-app call indicator to protect customers from bank impersonation scams.
Payments Dive
OCTOBER 31, 2024
Financial firms monitor for fraud by looking for unusual activity, but an artificial intelligence model can be trained to transact like a real person.
Fintech Finance
OCTOBER 31, 2024
A new report from Ecommpay and IMRG , ‘eCommerce Checkouts: UK Retailers Reveal Their Checkout Strategy and Performance’ , has revealed the key checkout changes that could boost conversion rates. While the average conversion rate stands at 58%, there is a significant distance between rates for single-page (61%) and multi-page checkouts (56%) as well as between guest shoppers (52%) and registered customers (64%).
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Finextra
OCTOBER 31, 2024
Deutsche Bank's Corporate Venture Capital (CVC) group has made a strategic investment in identity security firm Akeyless. Terms were not disclosed.
Fintech Finance
OCTOBER 31, 2024
emerchantpay , a leading global payment service provider and acquirer, is announcing today its collaboration with Cybersource, a part of Visa Acceptance Solutions. The relationship enables emerchantpay to expand its global acquiring capabilities and better serve the evolving needs of its merchants worldwide. The collaboration with Visa Acceptance Solutions expands emerchantpay’s global acquiring capabilities and extends its reach, while providing access to integrations with established techno
The Paypers
OCTOBER 31, 2024
Crypto.com has announced its collaboration with Beyon Money to explore ways to integrate and optimise capabilities in transaction and payments scape for clients in Bahrain.
Fintech Finance
OCTOBER 31, 2024
Lunar , the fast-growing Nordic challenger bank, announces a strategic partnership with Saldo Bank , a leading fintech and banking provider. Saldo Bank is the first bank to leverage Lunar’s Nordic infrastructure, using its platform to streamline local payment processes and increase automation for their Swedish credit and deposit customers. The new partnership will enable Saldo Bank to gain access to Sweden’s local payment systems through a single API, enabling seamless transactions i
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
OCTOBER 31, 2024
Singapore-based payments firm Airwallex is in talks to raise $200 million at a $6 billion valuation, according to Bloomberg.
The Fintech Times
OCTOBER 31, 2024
Saudi Arabia-based payment solution provider Geidea , is joining forces with tpay , a local payment connector, in a move to offer an integrated suite of payment methods to enhance the payment experience for merchants and consumers while driving financial inclusion across the region. Geidea and tpay plan to offer Direct Carrier Billing (DCB), card payments, and e-wallets , all accessible through a single aggregator.
The Paypers
OCTOBER 31, 2024
Global payments acceptance solutions company Ingenico has announced that it secured EMVCo approval for the Book C8 contactless kernel on the AXIUM DX8000 payment terminal.
NACHA
OCTOBER 31, 2024
Nacha’s Payments Innovation Alliance, a membership program that brings together diverse global stakeholders seeking to transform the payments industry, will address the question “What is Pay by Bank?” through a new project team open to all existing and new Alliance members.
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 Paypers
OCTOBER 31, 2024
Standard Chartered and Ant International have recently conducted the first-ever Hong Kong dollar (HKD)-denominated blockchain transaction.
Finextra
OCTOBER 31, 2024
Well Fargo is the latest lender to offer Early Warning Service's Paze online checkout option to its debit and credit card customers.
The Paypers
OCTOBER 31, 2024
AU10TIX , a provider of identity verification and management technology, has launched its Q3 2024 Global Identity Fraud Report at the Money 20/20 US event.
Bank Automation
OCTOBER 31, 2024
JPMorgan Chase is providing its Customer Insights tool to nearly 5 million small business clients, offering data and analytics for business decisioning. “Customer Insights anonymizes the information, aggregates millions of transactions and regularly provides small business owners with actionable insights that can be used to make smarter business decisions” and streamline operations, John Frerichs, […] The post Chase launches Customer Insights tool for 5M SMB clients appeared first on Ban
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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