Payments Dive

JULY 11, 2024

The May theft of over $300 million worth of bitcoin from Japanese cryptocurrency exchange DMM Bitcoin is the largest digital currency heist so far this year.

Digital Currency 158

Digital Currency Bitcoin Cryptocurrency 158

Finextra

JULY 11, 2024

Apple has staved off massive European Commission fines by agreeing to open up the NFC chip technology that enables iPhone users to make contactless payments to third-party providers.

Contactless Payments 130

Contactless Payments CHIPS Payments Technology 130

Open Banking Excellence

JULY 11, 2024

29th August 2024 Virtual Event Linkedin Twitter Youtube Rise FinTech Mentoring A monthly mentoring series for FinTech startups and scaleups. We match make founders with industry experts from across the sector. A free monthly mentoring programme for FinTech startups and scaleups. Our programme is designed to connect FinTech founders with industry experts to support entrepreneurs on their start-up journey.

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FinTech Legal Posting 130

Bank Automation

JULY 11, 2024

NEW YORK — Rocket Mortgage is working with Amazon Web Services to deploy generative AI-driven tools to make its customer relations team and internal operations more efficient.

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AI 122

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.

AI

Open Banking Excellence

JULY 11, 2024

17th July 2024 Live Event Linkedin Twitter Youtube Fintech North Newcastle We are back in the North East this July 17th for our fourth-annual Newcastle Conference, hosted in partnership with Mastercard, Invest North East England and Atom bank. Last year, we welcomed a record-breaking attendance of over 160 delegates from the North East’s FinTech ecosystem.

FinTech 130

FinTech Visa AI Innovation 130

Fintech Finance

JULY 11, 2024

Finastra , a global provider of financial software applications and marketplaces, today announced the completion of a Swiss Interbank Clearing (SIC) instant payments readiness project. Using Finastra’s cloud-based Service Bureau offering, Swiss banks can seamlessly transition to facilitating instant interbank payments. It is expected that the 50 largest banks must be able to facilitate instant interbank payments in Switzerland and Liechtenstein by August this year.

Instant Payments 115

Instant Payments Facilitators ISO 20022 Message Standards 115

Finextra

JULY 11, 2024

Named AWS App Studio, financial institutions, fintech firms and virtually any organisation are now able to build an application that could have taken a professional developer days to create from scratch, but in minutes.

Professional Development 114

Professional Development AI FinTech 114

The Paypers

JULY 11, 2024

Jiangxi Bank of China has gone under, as the banking sector is currently facing a full-scape crisis with financial institutions being absorbed into larger enterprises.

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Finextra

JULY 11, 2024

Jade City, which is pioneering the tokenisation of Jade, has completed a pre-seed funding round of $300,000 and is now conducting a seed round with a target of $1.2m. Their real-world asset platform will launch later in 2024, offering the first global marketplace for jade-backed digital assets.

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Fintech Finance

JULY 11, 2024

Millions of U.S. consumers have used Buy Now, Pay Later (BNPL) loans with 89% stating they are satisfied or very satisfied with the credit product. A new survey from TransUnion (NYSE: TRU) also revealed that 85% of BNPL users would recommend such loans to others. The research, conducted among 1,200 U.S. consumers in the second quarter of 2024, explored the general usage and behavior of consumers around BNPL loans.

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BNPL Consumer Research Financial Inclusion 99

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

Payments

Payments Dive

JULY 11, 2024

The real-time payments system has been growing its roster of banks and credit unions, as it newly competes with the Federal Reserve’s FedNow payments system.

RTP 88

RTP Federal Reserve FedNow Credit Union 88

Fintech Finance

JULY 11, 2024

Today, the global provider of embedded finance infrastructure, OpenPayd , announces its clients can now send and receive payments via Pix, the Brazilian real-time payment network. The digital economy’s global nature necessitates robust international infrastructure for businesses with strong growth ambitions. As such, OpenPayd provides its clients with a global suite of embedded finance infrastructure through a single API.

Instant Payments 98

Instant Payments Embedded Finance Real Time Payments Payments 98

Basis Theory

JULY 11, 2024

We introduce card networks, the main players in the space, and explain how a payment network works. Read the blog for details!

Payment Networks 88

Payment Networks Payments 88

Fintech Finance

JULY 11, 2024

Billtrust , a B2B order-to-cash and digital payments market leader, announced that it has extended its collaboration with Visa, a world leader in digital payments, to support its Business Payments Network (BPN). Visa will continue to offer BPN access to its financial institution clients to streamline the B2B digital payments process for their corporate customers.

Payment Networks 97

Payment Networks Business Payments Remittance Data B2B 97

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.

B2C

National Processing

JULY 11, 2024

We want you to know the top advantages of POS systems (point-of-sale systems) versus credit card machines, financial software, and traditional cash registers. So we will start there and then let you know some concerning findings that make POS systems more vital than ever to overwhelmed business owners. After that, we’ll dive deeper into the nuances […] The post The Top 7 Advantages of POS Systems for Small Businesses appeared first on National Processing.

Small Business 88

Small Business Credit Cards Process Posting 88

Fintech Finance

JULY 11, 2024

Inswitch , a global leader in embedded finance technology, and n1co Technologies , a Salvadoran fintech company with a mission to integrate more people into the financial future, announced a new partnership. Inswitch provides n1co with the service of issuing and processing their new VISA debit cards. Thanks to this agreement, n1co users can now make their payments online or at physical points quickly and securely, not only in El Salvador but internationally as well.

Digital Payments 96

Digital Payments Debit Card FinTech Embedded Finance 96

Stax

JULY 11, 2024

1.3 billion. That’s the estimated number of iPhone users as of 2024. With Apple capturing 62% of the smartphone market share in the United States, it’s clear as day that the iPhone is a leader when it comes to mobile technology It’s no wonder that Apple Pay continues to gain traction. Research from TechReport shows “507 million global Apple Pay users, of which the US accounts for 45.4 million.” Another interesting fact?

Credit Cards 88

Credit Cards Contactless Payments Authentication Security 88

Fintech Finance

JULY 11, 2024

Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, announces today a partnership with Mastercard to launch a new off-ramping solution that enables consumers in Europe to seamlessly convert their Digital Assets, including cryptocurrencies, into traditional fiat currency via debit, credit and prepaid cards.

Visa 96

Visa Near Real-Time Cryptocurrency Facilitators 96

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Bank Automation

JULY 11, 2024

Adoption of the Federal Reserve’s instant payments platform, FedNow, is growing, however, of the more than 800 financial institutions using it, most are doing so in receive-only mode. Eighty-six percent of banks and 73% of credit unions are signed up with FedNow as receive-only institutions, according to a report released this year by Cornerstone Advisors.

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FedNow Credit Union Advisors Instant Payments 80

Finextra

JULY 11, 2024

This news comes a week after the UK payments group issued a plea to Chancellor Rachel Reeves to impose a 'Tech Levy' on social media giants to pay for the impact of payments fraud originating from their platforms.

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Origination Payments 78

Bank Automation

JULY 11, 2024

Bain Capital and Reverence Capital Partners have agreed a deal to take Envestnet Inc., a provider of wealth-management software, private.blo The buyout firms will pay $63.15 a share for Berwyn, Pennsylvania-based Envestnet, according to a statement on Thursday that confirmed an earlier Bloomberg News report. The offer values Envestnet at $3.

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Payments Dive

JULY 11, 2024

The business-to-business accounts receivable player is weighing its strategic options as CEO Cary O’Connor Kolaja lines up her new management team.

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Accounts 78

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

Product

Bank Automation

JULY 11, 2024

Citigroup Inc. will pay almost $136 million in fines to US bank regulators over issues related to data-quality management and risk controls. The Federal Reserve said Wednesday that its penalty was for Citi violating an enforcement action from 2020.

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Federal Reserve Fed Risk Regulations 78

Fintech Finance

JULY 11, 2024

The Payments Association , which celebrates innovation and collaboration across the industry, has today shared a letter to the UK’s new Economic Secretary to the Treasury and City Minister, Tulip Siddiq. The letter communicates the association’s non-bank members’ concerns that the Payment Systems Regulator’s (PSR) policy rules will undermine competition, stifle innovation, reduce investment, and force smaller players to a disorderly exit from the UK.

Treasury 75

Treasury Law Enforcement Payments Non-Bank 75

Finextra

JULY 11, 2024

Private equity firms Bain Capital and Reverence Capital have agreed to buy Envestnet in a deal that values the provider of wealth management technology and data at $4.5 billion.

Technology 72

Technology 72

Fintech Finance

JULY 11, 2024

Open Payment Technologies Ltd , today announces the launch of its digital wallet app “Kuady”. Designed to accelerate financial inclusion and transform how merchants and users manage their money, Kuady offers an advanced, user-friendly experience that ensures secure and efficient money management. Kuady will make its debut in Peru and Chile – giving global organisations access to these markets with seamless cross-border transactions – with further LatAm countries being added monthly.

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Technology Financial Inclusion Cross-Border Payments 74

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.

Payments

Finextra

JULY 11, 2024

Finastra, a global provider of financial software applications and marketplaces, today announced the completion of a Swiss Interbank Clearing (SIC) instant payments readiness project. Using Finastra’s cloud-based Service Bureau offering, Swiss banks can seamlessly transition to facilitating instant interbank payments.

Instant Payments 69

Instant Payments Facilitators Payments 69

The Paypers

JULY 11, 2024

Netbank has deployed its Virtual Collection Accounts Solution for Dragonpay Corporation to enhance financial transactions and digital payment solutions across the Philippines.

Payment Solutions 69

Payment Solutions Digital Payments Transactions Accounts 69

Finextra

JULY 11, 2024

The United Kingdom is at the forefront of a payments revolution, transitioning rapidly from traditio.

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Payments 64

Bank Automation

JULY 11, 2024

Adoption of the Federal Reserve’s instant payments platform, FedNow, is growing, however, of the more than 800 financial institutions using it, most are doing so in receive-only mode.

FedNow 64

FedNow RTP Credit Union Instant Payments 64

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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