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Swift, the global financial messaging network, is actively working to incorporate regulated digital assets and currencies onto its platform. Building on a series of successful experiments, Swift is advancing efforts to create practical solutions that will enable its members to transact seamlessly with digital assets. A key focus of these developments is testing multi-ledger Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) transactions.
The number of card transactions in Europe is set to plummet by more than a third over the next three years, driven by the rise of account-to-account payments as ventures such as the EPI's new Wero wallet gain traction, claims a Capgemini report.
Singapore’s cryptocurrency market has seen a notable increase in crypto payments , with merchant services receiving nearly US$1 billion in crypto during the second quarter of 2024. This surge reflects growing adoption of digital assets as a payment method across various industries, including services offered by local startups like dtcpay and the super-app Grab.
Central bank digital currencies (CBDCs) have a lot of potential to uproot the cross-border payments market. The latest move by the National Bank of Ras Al Khaimah (RAKBANK) highlights this. RAKBANK has successfully exchanged a remittance using China’s digital Yuan (eCNY) in exchange for the Digital Dirham, the UAE’s CBDC. The cross-border payment was completed using the Central Bank of the UAE’s (CBUAE) mBridge platform and marks a significant step forward in the international
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.
EMVCo has introduced a dedicated testing approval process designed to “promote a more seamless experience when smartphones and other handheld mobile devices are used to accept contactless payments” TapToMobile, also known as softPOS, Tap on Phone, Tap on Mobile, Tap to Phone and Tap to Pay, “allows merchants to accept contactless payments directly on near field communication (NFC)-enabled consumer and enterprise devices, without the need for an additional connected device, dong
NatWest has become the latest of the UK's big mortgage lenders to join the Open Property Data Association (OPDA), backing efforts to bring a standardised approach to sharing digital data in the home buying process.
NatWest has become the latest of the UK's big mortgage lenders to join the Open Property Data Association (OPDA), backing efforts to bring a standardised approach to sharing digital data in the home buying process.
“As of September 3, riders have tapped a contactless card, phone, or watch over a million times to pay their fares since we launched our contactless payment system on August 1,” the Massachusetts Bay Transit Authority (MBTA) reports. Public transportation users in the Greater Boston area are able to use contactless payments to pay for their fares on buses, Green Line trolleys, Mattapan Line trolleys, and at all gated subway stations.
The Church of England has completed a three-year project to roll out contactless giving devices to more than 2200 churches, which have raised almost £4 million in donation so far.
Adyen , the financial technology platform of choice for leading businesses, has published a report titled Strategies to reduce your total cost of payments. The report, fueled by data from 100 global, enterprise businesses, highlights opportunities to boost revenue and cut costs through the effective implementation of payments technology. Protecting the bottom line The comprehensive analysis revealed how much enterprise businesses can save on the total cost of payments, painting a clear picture:
Global banking co-operative Swift is moving forward with plans to offer member banks access to emerging digital asset classes and currencies over its network, covering a range of use cases in payments, securities, FX, trade and beyond
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
The Capgemini Research Institute’s World Payments Report 2025 , published today, reveals an industry set to be reimagined with account-to-account and instant payments. Now celebrating its 20th anniversary edition, the report predicts instant payments will account for 22% of all non-cash transaction volumes by 2028 globally. Since the inaugural World Payments Report in 2004, the payments industry has undergone a dramatic transformation over the past two decades.
The payments technology company is getting a remake with job cuts, an acquisition and potential divestitures a year after Cameron Bready ascended to the CEO post.
Jeeves , the leading all-in-one expense management platform, is pleased to announce the appointment of Gustavo Gorenstein, “Guga,” as the new General Manager for Brazil. This significant appointment underlines Jeeves’ commitment to the Brazilian market, which has rapidly become a key focus area for the company’s growth strategy.
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.
Silverflow , the innovative cloud-native payment processing company, has struck a new partnership with Chesapeake Bank , a community bank renowned for its commitment to embracing innovation in payments. This collaboration aims to provide Chesapeake Bank’s ISO clients with a modern, high-performance, and robust payment processing solution. By leveraging Silverflow’s state-of-the-art processing platform, Chesapeake Bank, through its division, Chesapeake Payment Systems, will significantly en
NEW YORK — KeyBank is hesitant to join the Federal Reserve’s real-time payments network FedNow until the payments rail shows some growth. The $184 billion bank wants FedNow to reach 5% of demand deposit accounts (DDA) before joining the payment network. DDA’s allow deposited funds to be withdrawn at any time, Jon Briggs, head of […] The post KeyBank to hold off on FedNow until DDA reach hits 5% appeared first on Bank Automation News.
Paymob , MENA’s leading financial services enabler, announces a $22 million Series B extension round – taking the Company’s total Series B funding to $72 million. The funding was led by EBRD Venture Capital with participation from Endeavor Catalyst. Existing investors PayPal Ventures, BII, FMO, A15, Nclude and Helios Digital Ventures participated in the round, reaffirming their endorsement of Paymob’s business model, strategy and leadership in the regional fintech sector.
Michelle Beyo, chief executive of consultancy firm Finavator, will be featured in the upcoming Bank Automation News webinar “The future of open banking: Payments meet data,” taking place on Tuesday, Sept. 17, at 11 a.m. ET. Register here for the webinar. The free, 45-minute webinar moderated by BAN Editor Whitney McDonald will see industry leaders […] The post Webinar on future of open banking to feature Finavator’s Beyo appeared first on Bank Automation News.
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?
NymCard , a leading Banking-as-a-Service (BaaS) provider, has joined forces with Mastercard to offer fast global money transfers to its customers from the UAE to 47 countries through one secure connection. The collaboration will strengthen NymCard’s BaaS platform and leverage Mastercard Cross-Border Services, part of the Mastercard Move portfolio of money transfer solutions, to deliver efficient international remittance experiences to various countries including Bangladesh, Egypt, India, Nepal,
TD Bank was ordered to pay $28 million in fines by the Consumer Financial Protection Bureau, which ruled the bank had shared inaccurate information about its customers to consumer reporting companies. Consumer reports are used by financial institutions and other lenders to determine access to credit, housing or employment. By sharing inaccurate information regarding bankruptcies […] The post CFPB fines TD Bank $28M appeared first on Bank Automation News.
Thunes , the Smart Superhighway for money movement around the world, announces a strategic alliance with TeleMoney , the International Remittance arm of Arab National Bank (ANB). This collaboration marks a significant milestone, as TeleMoney’s membership in the Thunes Direct Global Network underscores the growing trust that Thunes has earned from established financial institutions in Saudi Arabia seeking to expand their global cross-border payment capabilities.
American Express and card-on-file management company Knot are launching a card-on-file payments solution to improve the payment experience at trusted retailers. “Amex has integrated with Knot’s CardSwitcher technology, which allows eligible card members to quickly and securely provide their payment information to participating merchants directly through the Amex website,” Stephanie Schultz, vice president and head […] The post Transactions: Amex, Knot launch card-on-file solution appeared
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
CLOWD9 , the leading provider of cloud-native payment processing solutions, proudly announces the appointment of Paul Hansford as its new Chief Technology Officer (CTO), effective immediately. Paul Hansford brings a wealth of experience from his tenure at Thredd, serving as their Head of Software Engineering and CTO, where he played a pivotal role in driving technological advancements and fostering growth in the fintech industry.
Fidelity National Information Services this week continued an annual program backing young fintechs that are striving to disrupt the financial services landscape.
Shoplazza , a leader of e-commerce solutions, announced today a new partnership with Stripe , a financial infrastructure platform for businesses, to power Shoplazza’s payment platform. This partnership, unveiled at the Stripe Tour Singapore 2024 – Asia Pacific Regional Event, represents a major advancement in Shoplazza’s e-commerce payments, aimed at enhancing both efficiency and security for merchants. “Our partnership with Stripe is a game-changer,” said Jeff Li, Found
MENA-based financial services enabler Paymob has extended its Series B funding round to USD 72 million, to maintain profitable growth in its core market.
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.
Wise Platform, the global payments infrastructure developed by Wise , has partnered with AbbeyCross to enhance the efficiency and transparency of international foreign exchange (FX) payments. AbbeyCross connects banks and money service businesses (MSBs) with multiple FX providers through a single platform, addressing the fragmentation and inefficiencies in cross-border payments.
The UK's new Labour government is introducing a bill that will ensure that Bitcoin and other digital assets can be considered personal property, boosting legal protection for owners.
First Citizens Bank has announced that its business and consumer banking customers can now instantly receive payments into their savings and checking accounts through the national RTP network.
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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