Fri.Jun 14, 2024

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Landmark Visa, Mastercard settlement in peril

Payments Dive

The judge's likely rejection would scuttle a $29.79 billion deal that was two decades in the making.

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Fingerprints and Italy-Based WiBioCard Partner Up for Smart Card Solutions

Fintech Finance

Fingerprint Cards AB (Fingerprints ) and WiBioCard , an Italy-based smart card integrator specializing in web access authentication, verification and physical and logical access control have partnered to offer innovative smart card solutions for the global access market. WiBioCard has built a portfolio of different smart card products targeting large enterprises globally, integrating Fingerprints biometric technology.

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Credit Karma to Acquire Tech and Employees from Mobility Risk Intelligence Company Zendrive

Finovate

Credit Karma has agreed to acquire technology and assets from Zendrive, a mobility risk intelligence provider. Credit Karma has also brought on certain Zendrive employees, including the company’s CEO Dennis Ellis and its Co-founder and CTO Pankaj Risbood. Terms of the deal, which is expected to close in the fourth quarter, were not disclosed. Intuit’s Credit Karma announced today that it has agreed to acquire technology, assets, and select employees from mobility risk intelligence pr

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Visa Supports Cashless Day 2024, Accelerating Vietnam’s Digital Payments Revolution

Fintech Finance

Visa , a world leader in digital payments, continues to support Vietnam’s annual Cashless Day (Jun 16), aiming to propel the country’s digital payments ecosystem. Visa is sponsoring the 6th Cashless Day celebration, organized by the State Bank of Vietnam and Tuoi Tre Newspaper. This year’s campaign seeks to engage consumers and businesses with exciting activities and special offers, designed to promote digital payments and expedite Vietnam’s transition to a cashless socie

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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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Scaling Your Lending Business with Cloud-Based Lending Software: A Growth Strategy

Finezza

In the last five years, the lending industry has grown increasingly competitive, with banks, lending platforms, payment apps, and non-banking financial companies (NBFCs) competing for a piece of the pie. Simultaneously, there’s great potential for data-driven, future-thinking lenders to accelerate growth by capitalising on under-tapped market opportunities.

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Stripe Launches a Series of Enterprise-Grade Solutions for the French Market

Fintech Finance

Stripe , a financial infrastructure platform for businesses, has announced a range of product and partnership updates for businesses operating in France. This represents Stripe’s largest set of new products for the French market since launching in the country in 2016. New advanced payments solutions for French businesses on Stripe Starting this summer, Alma, the leading buy now, pay later (BNPL) provider in France with over 4 million active users, will be available as a payment method for all St

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CAB Payments Confirms Appointment of CEO Neeraj Kapur

Fintech Finance

CAB Payments confirms that Neeraj Kapur has received the required regulatory approval and will now take over the role of Group Chief Executive Officer (CEO), Executive Director and member of the Board from Bhairav Trivedi. Neeraj and Bhairav have been working closely together since February to ensure a smooth and orderly handover. As previously communicated, Bhairav will continue as Senior Adviser to the Board, building and strengthening important relationships with central banks, regulators, an

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Retail central bank digital currency: Motivations, opportunities, and mistakes

The Payments Association

Exploring the shift to digital payments, the role of CBDCs, and the strategic implications for central banks.

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Payzli Announces Strategic Leadership Restructuring to Accelerate Growth

Fintech Finance

Payzli , a next-generation payments fintech, today announced strategic leadership restructuring to further accelerate revenue growth and solidify its position at the forefront of the dynamic fintech landscape. Effective immediately, Arash Izadpanah, will transition from Chief Executive Officer to Chief Risk Officer. Having spent over three decades in this space, Arash will leverage his extensive industry knowledge and deep risk management expertise in his new role to grow Payzli’s high-ris

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Green payments: the top 5 challenges and how to overcome them

The Payments Association

Emily Beeby from KAE writes on the top five challenges that payments organisations face when trying to implement green initiatives into their payments processing chains. She emphasises the need for these initiatives in the ever-increasing threat to our environment, and what companies can do to tackle the challenges they face.

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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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Doha Bank and Mastercard Announce Long-Term Strategic Partnership to Shape Qatar’s Payments Landscape

Fintech Finance

Doha Bank and Mastercard have entered a long-term strategic partnership to maintain the bank’s leadership in customer service and innovative payment solutions. The move aligns with Doha Bank’s ‘Himma’ roadmap that aims to redefine how it operates and serves its clients. The landmark collaboration is one of the largest deals of its kind in Qatar, reaffirming the bank’s status as a key player in the country’s financial sector.

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BNP Paribas and BPCE announce strategic payments partnership

Finextra

The banking groups have publicised plans to jointly acquire payments processing technology for card holders and merchants.

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eBay Launches Venmo as a Payment Option

Fintech Finance

eBay is expanding payment method choice at checkout by adding Venmo. The move to introduce new, popular and modern payment options aligns with the evolving preferences of today’s digital natives. This convenient, simple, and safe payment method will bring eBay buyers in the U.S. even more choice and flexibility during the checkout experience. Known for its popularity among Gen Z and Millennials, buyers can enjoy the simplicity of paying for purchases with their Venmo balance, or their bank accou

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3 ways Swift is deploying tech for payments

Bank Automation

International payments network Swift is deploying technology to make its payments faster, safer and more efficient.

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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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Brex moves to single-CEO model

Payments Dive

Pedro Franceschi will become sole chief executive, while co-founder Henrique Dubugras will move to board chair as the company aims to go public in 2025.

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SameDay Auto Finance automates lending

Bank Automation

SameDay Auto Finance is automating more of its origination and servicing processes after switching to a new loan servicing system earlier this month. TheIrving, Texas-based subprime lender signed on with auto lending software provider Nortridge on June 1, Armando Hidalgo, director of servicing, told Auto Finance News, a sister publication to Bank Automation News.

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Finextra launches NextGen:AI, a new event defining AI's future in financial services

Finextra

Join Finextra in London on 26th November 2024 to challenge the perception of AI and its role in financial services.

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BNY Mellon’s Pershing X modernizes API strategy

Bank Automation

BNY Mellon’s technology arm Pershing X’s clients are looking to the tech provider for improved wealth management capabilities. Clients want to upgrade their internal wealth management technology but maintaining the users’ brand is a big part of the conversation, Noam Tasch, head of revenue at BNY Pershing X, told Bank Automation News.

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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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CAB Payments confirms Neeraj Kapur as CEO

Finextra

Neeraj Kapur has over 20 years of experience in senior leadership roles across retail, corporate and SME banking.

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TESS Payments receives PSP licence from QCB

The Paypers

White-label payment gateway provider Akurateco has announced that TESS Payments , its Qatari partner, received a PSP licence from the Qatar Central Bank.

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Walmart introduces digital shelf labels to 2,300 stores

Finextra

The new technology enables the US giant to streamline pricing, improving the experience for both customers and associates.

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Judge likely to reject $30B Visa, Mastercard fee deal

Bank Automation

A $30 billion settlement between Visa Inc., Mastercard Inc. and retailers to cap credit-card swipe fees is likely to be rejected by a federal judge in Brooklyn, a setback in the two decade-long litigation.

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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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Open Banking Standard v4.0 – OBL responses to consultation feedback and final release plan

Open Banking

Release scheduled for end of June 2024 Thank you to all the participants who provided valuable input to the Open Banking Standard v4.0 draft consultation. We have now released responses to all the feedback received and have finalised the scope of v4.0 with a release date planned for the end of June. You can see the responses and how we are handling them here.

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Garanti BBVA introduces crypto wallet

The Paypers

Garanti BBVA Digital Assets , a subsidiary of Garanti BBVA Financial Technologies , has introduced a crypto wallet service on its mobile platform in Turkey.

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Frankenstein Cloning: Growing Threat in the UK Must be Addressed Says LexisNexis Risk Solutions

The Fintech Times

LexisNexis Risk Solutions , the global data, analytics and fraud prevention platform, has revealed that synthetic fraud, a criminal activity that has plagued the US, is now becoming a larger issue in the UK. Synthetic identity fraud involves merging part of a real identity with fake elements to allow fraudsters to abuse services under a fake name. As such, it can sometimes be called ‘Frankenstien cloning’ This is often done to spoof credit checks and commit high-value fraud against

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Doha Bank and Mastercard form partnership

Finextra

Doha Bank and Mastercard have entered a long-term strategic partnership to maintain the bank’s leadership in customer service and innovative payment solutions. The move aligns with Doha Bank’s ‘Himma’ roadmap that aims to redefine how it operates and serves its clients.

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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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Mastercard Relaunches Priceless Beijing Programme, as Global Tourism Uptake Continues

The Fintech Times

Payments giant Mastercard has relaunched its ‘Priceless Beijing’ programme, in partnership with the Beijing Municipal Bureau of Culture and Tourism , to offer cardholders visiting China access to hundreds of destinations, including the Great Wall and the Peking Opera. Utilising the public-private partnership, Mastercard and the Beijing Municipal Bureau of Culture and Tourism hope to enhance the experiences of inbound travellers to China.

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How to manage the key risks of cloud migration

Finextra

Join FinextraTV at the Temenos Community Forum 2024 as Colin Jarrett, Chief Security & Risk Officer, Temenos dives deep into the main security and risk considerations for banks when moving to the cloud or SaaS. The conversation then moves on to how banks can best overcome these obstacles and how technology providers can help financial institutions meet security and risk requirements.

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Fuse Obtains DIFC Licence as it Looks to Capitalise on Growing UAE Digital Remittances Market

The Fintech Times

Fuse Financial Technologies , the cross-border payments firm based in the Middle East, has officially obtained licencing from the Dubai International Financial Centre (DIFC), enabling it to cater to the growing demand for remitting money into the UAE. The UAE’s digital remittances market is projected to exceed $7.5billion this year, while transaction value is forecasted to grow by a compound annual growth rate (CAGR) of 3.08 per cent to reach nearly $8.5billion by 2028.

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Finovate Global Egypt: Funding Startups and International Partnerships

Finovate

This week’s edition of Finovate Global looks at recent fintech developments in Egypt. Egyptian fintech Sahl raised $6 million in funding An investment of $6 million will help Cairo-based fintech Sahl pursue its expansion in Saudi Arabia. The funds – courtesy of a Series A round led by Ayady for Investment and Development and featuring participation from existing investors Egypt Pay, Delta Electronic Systems, and E-Finance – will also help support Sahl’s mobile bill paymen

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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