Wed.Oct 16, 2024

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Payments’ Role in Combating E-commerce Fraud Growth

Payments Next

Philip Plambeck, Senior Vice President, International, Computop For retailers, fraud is a serious issue they are actively trying to battle. And it’s The post Payments’ Role in Combating E-commerce Fraud Growth first appeared on Payments NEXT.

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SCB Emerges as First Thai Bank to Adopt Stablecoins for Cross-Border Payments

Fintech News

Siam Commercial Bank ( SCB ), alongside its venture arm SCB 10X and Lightnet , has launched Thailand’s first cross-border payment system utilising stablecoins, according to CoinGape. The project focuses on enhancing transaction speed and efficiency through the integration of blockchain and stablecoins, digital currencies tied to assets such as the U.S. dollar.

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Monzo launches new premium plan as business customers surpass 500,000

Finextra

With 500,000 businesses now on its books, digital challenger Monzo has launched a new subscription-based premium product plan, opening up a host of new services.

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UnionPay and Vietnam’s NAPAS Link QR Code Payment Systems

Fintech News

UnionPay International (UPI) and the National Payment Corporation of Vietnam (NAPAS) will enhance their collaboration on cross-border QR code payment interoperability. The partnership will allow Vietnamese bank apps and e-wallets to use UnionPay ‘s QR payment system on each other’s networks, facilitating seamless transactions across both countries.

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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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U.S. Bank invests in branch modernization in Q3

Bank Automation

U.S. Bank increased its technology spend in the third quarter to further digitalize capabilities within its branch network. “Our strategy focus is to create density in the highest growth areas within our current footprint, rather than use branches to expand out of our footprint,” U.S. Bank President Gunjan Kedia said during today’s Q3 earnings call. […] The post U.S.

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Singapore Fintech Festival 2024: Highlights, Top Speakers and Must-Attend Sessions

Fintech News

The Singapore Fintech Festival (SFF) 2024 is returning for its 9th edition from 6 to 8 November, with the Insights Forum taking place beforehand on 4 and 5 November. Building on its success in 2023, which attracted over 66,000 participants from 150 countries, SFF 2024 will feature a distinguished lineup of global central bankers, regulators, industry leaders, entrepreneurs, investors, innovators, and influencers.

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DCS Rolls out Visa Credit Card with Customisable Rewards for Young Professionals

Fintech News

DCS Card Centre has launched its first Visa credit card, the FLEX Card , designed for young professionals aged 21 to 35. According to DCS, it’s the first entry-level credit card in Singapore that lets users choose between rewards like miles, cash rebates, or investment credits. Cardholders can earn up to 2.4 miles per dollar spent, receive up to 8% cash rebates, or earn up to 8% in investment credits, credited to an iFast account.

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Macro Global and Trust Payments Expand Strategic Partnership to Offer Transformative Cross-border Payment Experience

Fintech Finance

Macro Global , a leading global FinTech company, today announced a strategic partnership with Trust Payments , a leader in payments powering truly innovative customer-centric commerce solutions worldwide, which will make it simpler for cardholders to send money anywhere. This collaboration brings together Macro Global’s expertise in cross-border payments technology with Trust Payments’ cutting-edge acquiring solution and the TRU Connect Payment Gateway , delivering a superior customer experience

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Swift to Launch AI-Powered Fraud Detection in 2025

Fintech News

Swift, the global financial messaging network, is launching a new AI-powered service to help banks fight financial crime. The service, which will be available in January 2025, uses artificial intelligence to analyse pseudonymised data from billions of transactions and flag suspicious activity in real time. This new capability builds on Swift ‘s existing Payment Controls Service and was developed in collaboration with banks around the world.

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Swift to Launch AI-Powered Fraud Defence to Enhance Cross-Border Payments

Fintech Finance

Swift today announced that it is rolling out new AI-enhanced fraud detection to help the global payments industry step up its defence as bad actors grow increasingly sophisticated. Available from January 2025, the service is the result of extensive collaboration with banks from around the world and a successful pilot earlier this year. The new capability builds on Swift’s existing Payment Controls Service — used by many small and medium-sized financial institutions — by drawing on pseudonymised

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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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Insurance Amendment Bill Passed Amid Concerns Over Allianz-Income Deal

Fintech News

Parliament has granted new powers to the Monetary Authority of Singapore (MAS) to block deals involving insurers tied to cooperatives. This move follows Allianz Europe’s bid to become the majority shareholder of Income Insurance where concerns were raised over the structure of the transaction and its potential impact on the latter’s social mission.

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Infineon Launches SECORA™ Pay Green – the World’s First Contactless Payment Card Technology Allowing for Up to 100% Reduction in Plastic Waste

Fintech Finance

Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) is paving the way to a significant reduction of plastic waste and CO 2 emissions in the payment card industry. The company today announced the launch of SECORA Pay Green which enables card designs allowing production of the world’s first fully recyclable contactless (dual-interface) payment card bodies based on environmentally friendly and locally sourced materials.

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Yield Farming and Liquidity Mining: Assessing Risks and Rewards

Fintech Review

Yield farming and liquidity mining have become key components of the decentralised finance ( DeFi ) ecosystem. These strategies allow crypto holders to earn passive income by lending or staking their assets. While the potential returns are attractive, the risks involved can be significant. At Fintech Review we explore yield farming and liquidity mining, analysing the rewards and inherent risks associated with these strategies.

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Currys Flexpay: UK’s Leading Tech Retailer Unveils Refreshed Credit Product, Enabling Customers to Pay at Their Pace

Fintech Finance

Currys , the UK retailer that helps everyone enjoy amazing technology, has unveiled a revamped credit product to allow its customers to pay for tech at their pace. As part of its mission to not just sell electricals, but help customers afford, install, repair and protect amazing technology, Currys flexpay arrives as a credit product that gives customers extra flexibility when purchasing their tech.

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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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Prague Stock Exchange debuts DLT-based settlement system

Finextra

The Prague Stock Exchange is implementing distributed ledger technology in the settlement of securities under the EU's DLT pilot regime.

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Mollie Announces Integration With HubSpot to Streamline CRM Payments

Fintech Finance

Mollie , one of Europe’s fastest-growing financial service providers, today announces its integration with HubSpot , the customer platform for scaling businesses. The new integration will enable businesses across the UK to initiate and track payments directly from HubSpot in seconds, making CRM payment processing faster and saving hours of work each month.

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Metro Bank plans to collaborate with PEXA to deliver frictionless conveyancing

The Payments Association

PEXA, the world leader behind the first digital property exchange process, today announced that Metro Bank plans to collaborate with them to explore how to make the remortgaging journey for their customers faster and easier. The goal is to deliver quicker post-offer processes, faster remortgage completion times, and greater transparency for Metro Bank’s customers and brokers, all while building greater capacity for the bank.

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Trovata Works with Swift to Modernize Global Multibank Connectivity

Fintech Finance

Trovata , the pioneering force in corporate bank APIs, announces a new collaboration with Swift , the world’s leading provider of secure financial messaging services, which will extend the benefits of Swift’s tracking capabilities to more businesses through API connectivity. Connecting to Swift means Trovata can offer its multi-banked corporate customers unparalleled access to their corporate banking data and on-demand, real-time liquidity monitoring, while positioning Trovata’

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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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Swift unveils AI-powered real-time fraud barrier

Finextra

Banking co-operative Swift is rolling out an AI-powered anomaly detection service to help banks proactively detect and defend against potential financial crime.

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Fils and eeasy Join Forces for Sustainable Payments in the Middle East & Africa

Fintech Finance

Fils , the global leader in enterprise-level sustainability infrastructure, has entered the African market, with a strategic partnership with eeasy , a digital payments technology company operating in Middle East & Africa with a focus on Egypt, to empower its clients in facilitating climate action, offering consumers the option to offset carbon emissions with every transaction.

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Same Day ACH Volume Rose 67.5% in the Third Quarter of 2024

NACHA

RESTON, Virginia, Oct. 17, 2024 – Same Day ACH volume soared 67.5% in the third quarter of 2024, and total ACH Network payment volume rose 7.4% from a year earlier, new figures from Nacha showed. There were 355.2 million Same Day ACH payments in the third quarter; the value of those payments rose 38.8% to $844 billion. “These results are continued proof of the robust adoption of Same Day ACH.

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Tide and Adyen Unite to Enhance Small Businesses Payments with Tap to Pay on iPhone

Fintech Finance

Tide , the UK’s leading business financial platform, has partnered with Adyen , the global financial technology platform of choice for leading businesses, to enable small businesses to accept in-person contactless payments using only an iPhone and the Tide iOS app. Tide is making Tap to Pay on iPhone available to all new and existing Tide merchants with an iPhone*.

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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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Visa taps AI analytics partner to add merchant services

Payments Dive

The card network giant has signed a new multi-year agreement with the marketing research firm Analytic Partners to deliver advertising insights to merchant clients.

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Helcim Now Offers Tap to Pay on iPhone for Merchants to Accept Contactless Payments

Fintech Finance

Today, Helcim , a leading provider of payment solutions, now enables its U.S. customers to seamlessly and securely accept in-person contactless payments with Tap to Pay on iPhone. Tap to Pay on iPhone allows merchants to accept all forms of contactless payments, including contactless credit and debit cards, Apple Pay, and other digital wallets, using only an iPhone and the Helcim Point-of-Sale iOS app — no additional hardware or payment terminal is needed.

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Klarna sells UK loan book to hedge fund Elliot Avdisors

Finextra

Klarna is to offload its UK loans book to hedge fund Elliot Advisors in an effort to free up £30 billion to fund its growth plans.

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Monzo Tops 500,000 Business Customers and Launches ‘Team’ – a New Plan That Solves Pain Points of Bigger Small Businesses

Fintech Finance

Leading digital bank Monzo today announces that it has over 500,000 business banking customers and launches a new plan for bigger small businesses called ‘Team’. The new plan gives business owners more control over managing their finances and saves them from endless expense admin. Team, banking for bigger small businesses, done the Monzo way: Expense cards: Business owners can effortlessly oversee employee expense spending by selecting team members and setting limits.

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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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Over 62% of UK cite mobile app fraud as top concern

Finextra

62.1% of UK consumers see mobile app fraud as a top concern, with 50% also citing hacking as a fear, according to findings from the Open Worldwide Application Security Project (OWASP) and Appdome.

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Tala launches its non-custodial crypto wallet

The Paypers

Financial platform Tala has announced the launch of its non-custodial crypto wallet, which aims to enable customers to have autonomy over their digital currencies.

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Zopa embeds loan product with John Lewis

Finextra

Zopa Bank has won a deal with high street retailer John Lewis to to offer personal loans to its 23 million customers.

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UAE unveils new payment technology using unique vein patterns

The Paypers

The UAE has announced the introduction of 'Palm ID' technology, a payment solution that utilises the unique vein patterns in individuals' palms for transactions.

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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