Payments Dive
AUGUST 16, 2024
JD Power’s annual credit card survey found that more than half of U.S. credit card users don’t pay their balances in full every month, and less than half are considered financially healthy.
Faster Payments Council
AUGUST 16, 2024
Join us for an upcoming FPC webinar, sponsored by Finzly, on Wednesday, September 18 from 12:00pm-1:00pmET. Is your financial institution fully harnessing the potential of RTP® and FedNow® to drive growth? While 'receive-only' instant payments is a significant step forward, the true transformative power lies in actively sending payments. In a recent joint survey from the FPC and Finzly, it unveiled that corporate customers drive nearly 78% of instant payments revenue.
Finextra
AUGUST 16, 2024
IBM announced its joint endeavor with WWF Germany to use AI spatial capturing technology to enhance elephant tracking in Africa. This technology will be able to support conservation of African elephants, which can increase carbon storage in their forest habitats.
Fintech Finance
AUGUST 16, 2024
allpay , a leading payment services provider in the UK, is delighted to announce the appointment of Matt Marskell as Sales and Marketing Director (Non-Board) to its leadership team. Joining the company in July, Matt brings over a decade of multifaceted expertise in sales, marketing, and business growth within the SaaS, fintech, and payment services industries.
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.
Payments Dive
AUGUST 16, 2024
The Federal Reserve is still seeking to allay financial institutions' concerns that faster payments allowed by the new instant payments system could lead to faster fraud.
Fi911
AUGUST 16, 2024
American Express chargeback reason codes are a collection of identifiers used to classify different chargeback situations, reflecting the disputes raised by cardholders against sellers. These codes are vital for organizing disputes and determining the necessary next steps. Each chargeback is assigned a unique 3-digit alphanumeric code by Amex, pinpointing the reason for the dispute.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Stax
AUGUST 16, 2024
The SaaS market has witnessed rapid growth in recent times. From $412 billion in 2021 to $591 billion in 2023, the industry has expanded by more than 140%. However, it now stands at a pivotal juncture. After years of unbridled growth, SaaS companies are moving away from a “growth at all costs” mindset to “responsible growth.” The industry is looking towards building resilience to changes and disruptions.
The Payments Association
AUGUST 16, 2024
Outsourcing customer support allows companies to focus on growth while ensuring high-quality service through experienced partners who personalise solutions, maintain brand consistency, and leverage advanced technology.
Bank Automation
AUGUST 16, 2024
Revolut Ltd. said a secondary share sale that allowed the company to give employees liquidity for their stakes valued the company at $45 billion. The round was led by investors Coatue, D1 Capital Partners and Tiger Global, according to a statement. Morgan Stanley served as sole placement agent on the deal.
The Payments Association
AUGUST 16, 2024
When consumers encounter an unrecognized charge on their account, their first instinct is often to dispute the transaction with their bank, although it doesn't always indicate fraud. Unrecognized transactions are the leading cause of disputes, with Chargebacks911’s Cardholder Dispute Index revealing that 58% of cardholders find transaction descriptions on statements confusing.
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
Bank Automation
AUGUST 16, 2024
Open banking regulation is quickly approaching but financial institutions are asking the Consumer Financial Protection Bureau to extend the timeline for implementation. FIs are expected to have an open banking framework in place within six months, according to the CFPB’s proposal.
Payments Dive
AUGUST 16, 2024
The British fintech has completed a secondary share sale with new and existing investors to provide liquidity to employees.
Finextra
AUGUST 16, 2024
Revolut has secured a $45 billion valuation in a secondary share sale with new and existing investors.
The Fintech Times
AUGUST 16, 2024
Gopher , the on-demand marketplace connecting users with qualified workers for various services , is enhancing its identity verification following a collaboration with iDenfy , the Lithuanian-based regtech. This will see the regtech help with Gopher’s new TrustShield programme, marking a significant step forward in securing the platform’s services with transparent identities for both users and service providers.
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.
The Paypers
AUGUST 16, 2024
Credibanco and Sensedia have introduced a new solution that centralises financial information from various industry participants, enabling a secure and efficient exchange of data.
Bank Automation
AUGUST 16, 2024
Armed Forces Bank is investing in its digital banking channels to ensure that its military-focused client base has 24/7, global access to banking capabilities.
The Fintech Times
AUGUST 16, 2024
Global payments platform, Adyen , is actioning expansion plans into India, following the grant of authorisation from the Reserve Bank of India to operate as an Online Payment Aggregator in India for domestic and cross-border payments. As part of its commitment to accelerating payment innovation in India, Adyen also plans to launch a technology hub in Bangalore, known as the centre of India’s high-tech industry, as well as launching local payment processing capabilities.
Finovate
AUGUST 16, 2024
This week’s edition of Finovate Global highlights recent fintech headlines from Ireland. Dublin-based regtech Fenergo has inked a partnership with Caribbean-based PROVEN Bank. The financial institution will leverage Fenergo’s transaction monitoring solution to enhance and streamline its anti-money laundering (AML) compliance operations. PROVEN Bank Deputy Chief Executive Officer Nikita Kissoon underscored increasing regulatory pressure on financial institutions as one of the reasons
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The Fintech Times
AUGUST 16, 2024
Revolut ’s announcement of a major secondary share sale reinforces its $45billion valuation and enables employees to share in the company’s rapid rise. This development highlights Revolut’s financial success and strategic achievements, while also suggesting that the company is reaching a pivotal stage where its next steps – such as a potential IPO – are becoming increasingly important.
The Paypers
AUGUST 16, 2024
PayQuicker has announced a collaboration with Thunes to extend its e-wallet payout capabilities on a global scale.
The Fintech Times
AUGUST 16, 2024
As consumers become increasingly price-conscious and expect greater payment choices, over 56 per cent have also changed their spending habits from this time last year, payment processor and digital wallet provider Paysafe has revealed. The latest Paysafe report, ‘ Inside the Wallet: How consumers are spending and saving in 2024 ’ , reveals that 43 per cent of consumers have abandoned their online shopping cart if a business didn’t offer their payment method of choice.
Finextra
AUGUST 16, 2024
Texas Comptroller Glenn Hegar has added NatWest to its list of financial institutions that they will not be doing business with according to a new Texas law.
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
The Fintech Times
AUGUST 16, 2024
Mastercard has partnered with Scale , an issuer orchestration partner, to streamline the deployment of payment programmes for fintechs across Africa and the Middle East. The collaboration aims to overcome technical and commercial barriers, enabling fintechs and other ecosystem players to focus on core business functions while launching new products efficiently.
Finextra
AUGUST 16, 2024
Deutsche Bank’s settlement offer to shareholders that sued them for underpaying for the Postbank acquisition has been rejected by plaintiffs.
The Fintech Times
AUGUST 16, 2024
There is a stark gap between the perception and reality of cashflow control among owners according to research from online banking and money management platform, Relay and independent research company, RKI. The report, titled Cash Flow Compass , indicates that 42 per cent of small business owners are overconfident in their money management. Examining over 750 small and medium businesses (SMBs), the report revealed that 62 per cent of owners admit cashflow issues have had negative impacts on thei
Fraud.net
AUGUST 16, 2024
Transform financial crime management, by shifting from transactions to entities to combat money laundering and enhance compliance.
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 Fintech Times
AUGUST 16, 2024
Customers of Ireland-based bank PTSB can now access additional services from global paytech firm Worldpay , including e-commerce and ePOS, as the two entities have now extended their existing partnership. PTSB will also gain access to Worldpay DCC, a Dynamic Currency Conversion solution that provides cardholders the choice to pay in their preferred currency.
Finextra
AUGUST 16, 2024
Fundamental activities establish a foundation. Gathering low-cost core deposits is a foundational ac.
Nanonets
AUGUST 16, 2024
Tedious paperwork and long wait times are every person's worst insurance nightmare. But insurance claim automation is paving the way for faster, more accurate, and more customer-friendly experiences. The drive to enhance claims processing through new technologies has intensified, especially since every dollar saved directly impacts profitability.
Tribe Payments
AUGUST 16, 2024
It’s not uncommon for businesses experiencing rapid growth to find that their current service providers can no longer meet their evolving needs. The challenges of scaling often reveal the limitations of incumbent providers, particularly when it comes to flexibility and adaptability. Despite recognising these shortcomings, many businesses hesitate to make a change, largely due to the perceived complexity and risks associated with migration.
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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