Thu.Aug 01, 2024

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Not another ISO 20022 piece?

The Payments Association

The move to ISO 20022 brings benefits like enriched data and improved fraud prevention, requiring a strategic approach and decisions between building in-house solutions or partnering with vendors.

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New US-Mexico payments pathway will tap rural community banks

Finextra

A new cross-border payments infrastructure will enable remittances between the US and Mexico via 140 community banks in rural areas.

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ADVANCE.AI Expands ‘Know Your Business’ Service in Singapore and Malaysia

Fintech News

ADVANCE.AI, a provider of digital identity verification and risk management solutions in Southeast Asia, has expanded its capabilities in Singapore and Malaysia with an upgraded Know Your Business (KYB) service. The new KYB solution offers a more comprehensive range of data verification, including business registration, company profiles, ownership structures, credit history, and watchlist reports.

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PSR stands firm over reimbursement model for APP fraud

Finextra

As the banking industry chafes against upcoming rules governing payback to victims of authorised push payment fraud, the Payment Systems Regulator has released new data which shows that reimbursement for victims still depends largely on who they bank with.

Rules 110
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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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Monto Exits Stealth, Lands $9 Million to Rethink B2B Payments 

Finovate

B2B payments facilitator Monto is exiting stealth with a $9 million funding round. The Seed funding round was led by Scale Venture Partners. The company plans to use the funds to scale its growth in the U.S. There’s a new entrant in the B2B payments space. B2B payments facilitator Monto emerged from stealth this week, simultaneously announcing a $9 million Seed round.

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How Big Data Helps Investors Make Better Decisions

Finextra

Source: Freepik Big data has been transforming companies and entire industries worldwide for well

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More Trending

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UK data breach costs soar

Finextra

The average cost of a data breach in the UK rose to £3.58 million between March 2023 and February 2024, marking a 5% increase from the previous year and reversing a previous decline.

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Nexi Group Announces H1 2024 Financial Results

Fintech Finance

The Board of Directors of Nexi S.p.A. have approved the Group’s consolidated financial results as of June 30th 2024. “In an evolving competitive context, we have continued our journey of revenue and margin growth, significantly increasing the cash generation, even net of growth investments in the business. This accelerated cash generation allows us to further reduce debt and leverage and, at the same time, to accelerate the return of capital to our shareholders, anticipating the conclusion of

Volume 98
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Flutterwave receives Ghana payment licence

Finextra

Flutterwave, a leading payments technology company, has recently been granted a Payment Service Provider license (Enhanced Category) by the Bank of Ghana.

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Pay.UK Strengthens Executive Leadership Team with COO Appointment

Fintech Finance

Pay.UK , the independent, not-for-profit operator of the UK’s national retail payments systems, including Faster Payments, Bacs and Direct Debit, has announced the appointment of David Morris to the newly created role of Chief Operating Officer (COO). Morris previously held the role of Chief Technology Officer at Pay.UK and today assumes the new position.

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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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What is the Difference Between ACH and EFT? Key Insights and Benefits

Paystand

Table of Contents What is Considered an ACH Payment? What is the EFT Payment Method? What is the Difference Between ACH and EFT in Banking? Why Embrace Digital Payment Methods?

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PAYSTRAX Has Selected Featurespace to Tackle Fraud Across Europe, Demonstrating the Strength of Its Fraud Prevention Technology

Fintech Finance

PAYSTRAX , the payment processing solution for merchants across the EU and UK, has teamed up with global fraud and financial crime prevention company Featurespace to enhance security measures against fraudulent activities. PAYSTRAX works with merchants across various industries and will utilize Featurespace’s Technology to analyze merchants’ transactional behavior.

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Mexican fintech Aviva raises $5.5m

Finextra

Aviva, a Mexican "phygital" financial platform for the underbanked and micro businesses, has raised $5.5 million in seed funding.

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Nium Expands Ability for Customers to Receive in More Than 40 Countries and 15 Currencies, Offering One of the Most Extensive Networks

Fintech Finance

Nium, the global leader in real-time cross-border payments, has announced the expansion of its local funding and collection capabilities to more than 40 countries and 15 currencies, with more to come. The move makes Nium one of the only providers to offer a network this wide. Customers can now access the broadest range of local currencies through wires and local payment rails, with an extensive selection of currencies tailored to meet the diverse needs of various markets, including developing an

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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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ECB invites industry experts to advise on offline deployment of digital euro

Finextra

The European Central Bank is inviting experts from the mobile tech industry to advise on the development of an offline model for digital euro payments.

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PayPoint Announces Major Love2shop Distribution Partnership with InComm Payments

Fintech Finance

PayPoint has today announced an important distribution partnership for Love2shop gift cards with InComm Payments , a global payments technology provider, building on the long-standing relationship between the two companies. The multi-year agreement will enable the distribution of Love2shop gift cards for the first time into new retailer channels, including leading UK grocers and High St. stores.

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POS System vs. Cash Register: Which is Better for Your Business?

National Processing

It may seem strange that National Processing would highlight ways your business can save money by accepting cash. After all, when you accept a cash payment, you don’t pay a credit card processing fee and we don’t receive that fee. However, we feel it’s important to help business owners know their options. Besides, consumers aren’t […] The post POS System vs.

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SME Neobank Ampere Announces Partnership With Mastercard to Streamline Financial Solutions

Fintech Finance

Ampere , the neobank providing all-in-one financial services for SMEs, has today announced its partnership with Mastercard to expand its services and transfers offering, marking a milestone in its mission to streamline financial solutions for SMEs. Ampere is now at the forefront of the Neobanking industry enabling its customers access to card-to-card payments, which converts over 60 different currencies at a faster and cheaper rate than traditional banking systems.

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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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What You Should Know About Visa Surcharge Rules in 2024: A Guide for Merchants

Stax

Did you know that the delinquency rate for small businesses has reached a record high owing to inflation and declining revenues? A recent report by Alignable found that 43% of SMBs couldn’t pay rent—on time and in full—in April 2024. This is why, now more than ever, US merchants must manage their operational costs meticulously. One way to do that—though often overlooked—is to optimize their payment processing to reduce fees associated with credit card purchases.

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Tribe Payments’ Series of New Hires Reinforce Ambitious Growth Plans

Fintech Finance

Tribe Payments , the pioneering digital payments and infrastructure orchestrator which specialises in issuer and acquirer processing, continues its rapid expansion with key appointments to its leadership team. Guy Houghton joins as Tribe’s Chief Revenue Officer, bringing over 30 years of commercial leadership experience in global technology companies serving the payments, banking, and fintech markets.

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Paynetics acquires Novus Neobank to amplify ESG mission

The Payments Association

Paynetics, the pioneering embedded finance provider, announced today its strategic acquisition of Novus, the UK’s first-ever “impact neobank.” This landmark deal underscores Paynetics’ commitment to advancing environmental, social, and governance goals while revolutionising the financial landscape with its powerful embedded finance suite.

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Waafi by Salaam Bank Taps Paymentology to Enable Somalia’s Contactless Payment Vision

Fintech Finance

Paymentology , the leading global issuer-processor, proudly announces its partnership with Salaam Bank’s Waafi , on the launch of its co-branded tokenised tap-to-pay digital companion card, and physical card, for Waafi mobile app users in the Horn of Africa- a first for the region. Waafi is a mobile money app born from the collaboration between Salaam Bank, a leading financial institution in East Africa and Hormuud extending to Telesom, and Golis, are a leading telecom provider in Somalia.

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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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Trading 212 partners with Paynetics to bring multi-currency cards to its portfolio

The Payments Association

Trading 212, an FCA-regulated online broker offering trading services, is partnering with Paynetics, one of the leading providers of embedded finance in Europe, to integrate multi-currency accounts and card payments within their trading services.

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Flutterwave’s Ghana Payment License Paves Way for Secure Transactions

Fintech Finance

Flutterwave , a leading payments technology company, has recently been granted a Payment Service Provider license (Enhanced Category) by the Bank of Ghana. The milestone marks a significant expansion of Flutterwave’s operations in Africa, enabling the company to offer a comprehensive suite of payment services directly within, and through Ghana. Ghana presents an exciting market for Flutterwave’s innovative solutions.

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Unleashing the ESG power of gintech: Creating a eustainable tuture with Paynetics

The Payments Association

In today’s world, businesses face growing pressure to meet environmental, social, and governance (ESG) standards. Companies are increasingly scrutinized for their carbon footprints, social impact, and governance practices. The challenge is not just about compliance but creating genuine positive change. Many organizations struggle to integrate ESG principles seamlessly into their operational and financial functions, all the whilst this area is becoming more regulatory-driven in the EU (e.g.

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PSR Publishes Latest APP Scams Performance Report for 2023

Fintech Finance

Latest figures released today by the Payment Systems Regulator (PSR) track the performance of payment firms in tackling Authorised Push Payment (APP) scams and reimbursing victims in 2023. APP fraud performance reporting: In its second annual report , the PSR presents data on three key areas: Reimbursement to victims (from the largest 14 banking groups in Great Britain and Northern Ireland) How much money is sent from victims’ accounts by each payment firm as a result of APP scams (from the larg

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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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Master Microtransactions: How Gaming Merchants Get to the Next Level

Basis Theory

As microtransactions increase in volume, gaming merchants are being required to take on more compliance. Get started with this blog!

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Thredd and Zilch’s Growth and Renewed Partnership Demonstrate Strength and Future Potential of Fintech

Fintech Finance

Thredd , the rapidly expanding next-generation global payments platform, reports both industry-wide growth in fintech-led digital payments and the renewal of its partnership with Zilch , the world’s first ad-subsidised payments network (ASPN). This positive trajectory, coupled with recent product and market expansion, adds further momentum to Thredd’s leadership in modern payments processing. “2024 continues to build on the robust foundation we established in 2023.

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AI, cloud, networks, and security shifts… a mid-year update on tech trends and predictions

Axway

At the start of the year, Axway experts offered predictions and insights on digital trends. Halfway through 2024, we’re following up on our digital transformation predictions and looking to what’s next.

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Payments roundup: Mastercard, Visa deploy AI to fight fraud

Bank Automation

Payments behemoths continued investing in technology to control costs and streamline operations in the second quarter. Visa and Mastercard are deploying AI for the following: To fight fraud; Enhance data and analytics; and Boost accounting and sales operations.

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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