Basis Theory

SEPTEMBER 3, 2024

Learn the meaning behind the different parts found on a credit card, as well as their function and relevant PCI DSS requirements, with this overview and FAQ.

PCI DSS 126

PCI DSS Credit Cards Payments 126

Fintech Finance

SEPTEMBER 3, 2024

ACI Worldwide (NASDAQ:ACIW), an innovator in global payments technology, today announced a collaboration with Red Hat Inc. , the world’s leading provider of open source solutions, to make ACI’s cloud-native Enterprise Payments Platform available on any cloud infrastructure. With this collaboration, ACI will help customers ease their migration to the cloud to better adapt to the rapidly evolving digital economy and power the next generation of payment services.

Payments 124

Payments Innovation Economy Global Payments 124

Fintech News

SEPTEMBER 3, 2024

iFAST Global Bank (iGB), the UK digital banking arm of iFAST Corporation , has launched EzRemit , a new cross-currency transfer service for its digital personal banking customers. The service allows customers to transfer money to over 50 countries in more than 25 currencies. Building on its existing offerings for business clients, iGB is now extending the service to personal banking customers.

eWallet 120

eWallet Process FinTech Posting 120

PCI Security Standards

SEPTEMBER 3, 2024

In a significant move, the PCI Security Standards Council (PCI SSC) has announced enhancements to its Point-to-Point Encryption (P2PE) Program for use with the currently published P2PE Standard v3.1, which provides the ability to validate and list P2PE solutions that cryptographically protect account data from the point where a merchant accepts a payment card to the secure point of decryption.

Encryption 116

Encryption Security Continuity Accounts 116

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

Fintech News

SEPTEMBER 3, 2024

OCBC Bank is set to offer Generation Alpha—children born after 2009—their own digital bank accounts through the OCBC MyOwn Account , available from 20 October 2024. This first-of-its-kind account in Singapore allows children aged seven to 15 to manage their finances digitally via the OCBC Digital app, under parental supervision. Currently, most children under 16 have bank accounts that are jointly held with their parents, limiting their access to digital banking services.

Accounts 120

Accounts Financial Literacy Freeze Account Debit Card 120

Finextra

SEPTEMBER 3, 2024

Three men have pleaded guilty to operating a subscription-based Web service in the UK that enabled criminals to circumvent One-Time-Passcode (OTP) anti-fraud checks.

Scams 114

Scams Checks 114

Axway

SEPTEMBER 3, 2024

Is it possible – or even recommended – to bolster API security with AI? In today’s interconnected digital landscape, APIs (Application Programming Interfaces) serve as the backbone of modern applications, enabling seamless communication and data exchange between diverse software systems.

API 52

API Security AI Risk Management 52

Fintech News

SEPTEMBER 3, 2024

Payments infrastructure company TerraPay has announced the appointment of Ralph Koker as its Global Head of Products. Koker’s role at TerraPay will involve refining the company’s product strategy and leading its go-to-market initiatives. He has over two decades of experience in product strategy and development within the financial services industry.

Product 109

Product Interoperability SWIFT Innovation 109

Fintech Finance

SEPTEMBER 3, 2024

Zilch , the world’s first ad-subsidised payments network (ASPN), today announced its first month of operating profit while surpassing a revenue run rate of more than $130m (£100m). The business has reached these milestones within just four years of launching its groundbreaking consumer payment platform. Zilch also announced the appointment to its Board of Mark Wilson, former CEO of Aviva and AIA and current member of BlackRock’s Board of Directors.

Payment Networks 98

Payment Networks Financial Inclusion Finance FinTech 98

Fintech Review

SEPTEMBER 3, 2024

The digital payments landscape is rapidly evolving, driven by technological advancements and changing consumer preferences. As we look towards 2025, several key trends are shaping the future of digital payments, including contactless payments, cryptocurrency transactions, and mobile payment solutions. Digital payments in 2025: current trends and predictions for the future, offering insights on how businesses and consumers can prepare for these impending changes.

Payments Trends 98

Payments Trends Digital Payments Contactless Payments Cryptocurrency 98

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

Fintech Finance

SEPTEMBER 3, 2024

Vasmobile Fintelco is launching SkoolID, the African School ID and Smart Payment Card , based on the biometric card platform from IDEX Biometrics. The agreement and first production order represent a value of $1.4 million, with delivery starting in the fourth quarter of 2024. The multi-year agreement sets Vasmobile up to scale across Kenya in 2025 and further expansion into other parts of Africa as of 2026.

Agreements 98

Agreements Use Case Payment Networks Technology 98

Payments Dive

SEPTEMBER 3, 2024

Two buy now, pay later companies pivoted in offering their services in the state because it insists they must be licensed to provide loans.

BNPL 97

BNPL 97

Fintech Finance

SEPTEMBER 3, 2024

As of 2nd September, Kenneth M. Overgaard-Nielsen joins the management team of the German payment service provider (PSP) Computop as Chief Operation Officer (COO). He joins Ralf Gladis, CEO and founder, Stephan Kück, CTO/ CSO, and Thomas Egglseder, CFO. Overgaard-Nielsen’s areas of responsibility include the Business Solutions department, which covers processes and internal systems, and the Merchant Services department, which supports Computop customers with connections and answers technic

Payment Service Provider (PSP) 98

Payment Service Provider (PSP) Service Provider Automation International Payments 98

Payments Dive

SEPTEMBER 3, 2024

The two firms are working together again as other payment giants collaborate on checkout enhancements.

PayPal 88

PayPal Payments 88

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

SEPTEMBER 3, 2024

National Processing How to Use a Credit Card Processing Calculator to Save Money Save money by knowing how to use a credit card processing calculator. Also, learn blindspots of online fee calculators.

Credit Cards 88

Credit Cards Process Posting Payments 88

Bank Automation

SEPTEMBER 3, 2024

Chase customers claimed to have identified a glitch in Chase ATMs during Labor Day weekend, allowing them to deposit false checks and withdraw large sums of cash from accounts potentially without the funds to cover the withdrawals. This past weekend, Chase clients took to TikTok to share “the glitch” in the $3.8 trillion bank’s system. […] The post Chase check fraud not ‘a glitch,’ expert says appeared first on Bank Automation News.

Checks 81

Checks ATM Automation Accounts 81

Payments Dive

SEPTEMBER 3, 2024

A recent survey by the bank is leading it to bring its payments and banking tools together to work for small and mid-size business clients in a more simplified way.

Payments 78

Payments 78

Bank Automation

SEPTEMBER 3, 2024

U.S. Bank is developing AI and automation-driven solutions to improve productivity for its small and medium-sized business clients. Nearly 71% of U.S.-based SMBs think that digital solutions including AI and financial management tools can make their jobs easier, according to the U.S. Bank 2024 Small Business Perspective survey published on Aug. 26.

AI 78

AI Small Business On-Demand Automation 78

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Finovate

SEPTEMBER 3, 2024

The last time we covered open banking infrastructure company Axway , was a little over a year ago in the wake of the company’s acquisition of e-invoicing specialist AdValvas. Today, the Scottsdale, Arizona-based firm is back in the fintech news headlines with another acquisition announcement. The firm has officially sealed the deal with core banking software vendor Sopra Banking Software by acquiring the company for $364 million (€330 million).

Acquirers 72

Acquirers API Credit Cards Security 72

Finextra

SEPTEMBER 3, 2024

London-based start-up Vyne, a real-time account-to-account (A2A) payments platform for online businesses, has been acquired by Middle Eastern open banking player Tarabut, for an undisclosed sum.

Acquirers 72

Acquirers Payments Accounts 72

The Paypers

SEPTEMBER 3, 2024

Australians have lost USD 122 million to crypto-related investment scams over the past year, according to a statement released by the Australian Federal Police.

Scams 69

Scams 69

Finextra

SEPTEMBER 3, 2024

Lloyds Bank is to use AI technology from Cleareye to eliminate the manual drudgery of paper processing and compliance checking for trade finance documentation.

Checks 69

Checks AI Finance Automation 69

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

The Fintech Times

SEPTEMBER 3, 2024

2024 is proving another standout year for the regulatory space, finding itself under the spotlight, for better and worse reasons. This month, The Fintech Times is looking at some of the biggest issues regarding compliance and financial rules, as well as the solutions hoping to ease the compliance journey for firms and make the fintech world fairer and safer.

FinTech 69

FinTech Regulatory Compliance Compliance Cybersecurity 69

The Paypers

SEPTEMBER 3, 2024

The Federal Council has decided to adopt further measures of the EU’s 14th package of sanctions against Russia, in response to its ongoing military aggression against Ukraine.

67

67

The Fintech Times

SEPTEMBER 3, 2024

Experian , the multinational data analytics and consumer credit reporting company, is partnering with Paylink , an affordability software and payments provider, to address affordability restrictions with debt consolidation loans. Through the new partnership, Experian will leverage the ‘ReFi’ product by Paylink, expanding access to credit for a wider range of consumers through the Experian Marketplace.

Credit Cards 69

Credit Cards Financial Inclusion Underwriting Addressing 69

The Paypers

SEPTEMBER 3, 2024

HDFC Bank has introduced new features for the Unified Payments Interface (UPI) and Central Bank Digital Currency (CBDC), developed in collaboration with various fintech partners.

CBDC 67

CBDC Digital Currency Central Bank FinTech 67

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

The Fintech Times

SEPTEMBER 3, 2024

Tabby , the shopping and financial services app for the MENA region, has agreed to acquire Tweeq , the Saudi-based digital wallet licensed by the Saudi Central Bank. Announced at 24 Fintech , Saudi’s flagship fintech event, Tweeq will partner with Tabby following the acquisition, pending regulatory approval, to expand its services within Tabby’s ecosystem and consumer scale.

Acquirers 64

Acquirers BNPL Central Bank Legal 64

Finextra

SEPTEMBER 3, 2024

UAE-based payments fintech Ziina has secured $22 million in a Series A funding round led by Altos Ventures, with participation from other top-tier investors including Fintech Collective, FJ Labs, Avenir Growth, Y Combinator, and Jabbar Internet Group.

FinTech 64

FinTech Participant Payments Security 64

The Fintech Times

SEPTEMBER 3, 2024

Remittances are a crucial part of many developing markets’ economies. However, the costs are often barriers stopping users from truly benefitting from money being sent, with fees being as high as 13 per cent. To remove this hurdle, Sasai Money Transfer , the international money transfer operator and business of Cassava Technologies , has partnered with Airtel Money , the Indian payments bank.

Origination 64

Origination Volume Economy FinTech 64

Finextra

SEPTEMBER 3, 2024

Axway has acquired core banking vendor Sopra Banking Software in a €330 million deal.

Acquirers 64

Acquirers 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

Best Practices