Wed.Sep 18, 2024

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Fed payments proposal pits big banks against small rivals

Payments Dive

The Federal Reserve’s proposal to extend the operating hours of two interbank payments systems has been welcomed by large banks, but panned by many small financial institutions.

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SCB Teams Up with Mastercard and Soft Space to Boost Contactless Payments

Fintech News

Siam Commercial Bank (SCB) has partnered with Mastercard and Malaysian fintech Soft Space to launch the ‘Effortless Payment Processing’ campaign. This initiative aims to accelerate the adoption of contactless payments in the Asia-Pacific region by providing eligible merchants with Android devices valued at over 3.25 million baht, pre-installed with the ‘SCB Tap-To-Pay’ service.

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PayRetailers Expands Further Into Africa, Boosting Financial Inclusion Across Eight Additional Key Markets

Fintech Finance

PayRetailers , the leading payment processor for Latin America, has today announced further expansion into Africa. With coverage now across 12 countries, the company offers a unified simple payment solution that will be a game changer for cross-border online merchants looking at Africa as their next move for strategic growth. PayRetailers offer a simple, user-friendly, and scalable experience to businesses looking to grow their regional operations and give them access to major local payment meth

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Forrester Report: The Future of APAC Payments

Fintech News

In Asia-Pacific (APAC), the payment landscape is rapidly evolving, driven by the integration of advanced technologies, growing use of alternative payment methods and the rise of digital currencies. A new analysis by Forrester explores this dynamic ecosystem, highlighting the key trends and innovations that are reshaping the payment landscape. Integrating cutting-edge technologies The report emphasizes APAC’s innovative payment landscape, which has evolved from QR code payments in China to the in

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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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Paynetics Selects tell.money to Implement Confirmation of Payee (CoP) Service

Fintech Finance

Paynetics , a leading provider of embedded finance services, partners tell.money to implement the Confirmation of Payee (CoP) service. The collaboration ensures that Paynetics takes advantage of tell.money’s CoP service, allowing partners to embed financial services while staying fully covered with minimal effort. Paynetics will benefit from the CoP service provided by tell.money, gaining enhanced security and compliance capabilities that enable them to offer top-notch compliant and precis

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OCBC Invests S$500 Million in Punggol Digital District to Focus on Tech, Talent

Fintech News

OCBC Bank announced an investment of S$500 million in Punggol Digital District (PDD). This investment includes a new 430,000 square-foot innovation hub, OCBC Punggol, and a multi-million-dollar strategic partnership with the Singapore Institute of Technology (SIT). OCBC Punggol, slated for completion in the first quarter of 2027, will house up to 4,000 employees, primarily from the bank’s technology workforce, focusing on emerging technologies like quantum computing and mixed reality.

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Aspire Strengthens Compliance Team with Key Hires Amidst Global Expansion

Fintech News

Singapore-based B2B fintech firm Aspire has appointed Summer Yu as Global Head of Compliance and Tommaso Scarpa as Head of Compliance for Singapore. These appointments aim to strengthen the company’s compliance, risk, and IT security teams, which have reportedly increased fivefold in the past 24 months. Yu brings over 20 years of experience in international regulation from PayPal, Bytedance, and HSBC.

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Brex Announces Brex Embedded to Unlock Global Payments Everywhere

Fintech Finance

Brex, the corporate card and spend management platform for startups and enterprises, today announced Brex Embedded payments – a new API-driven payments solution that makes it easy for B2B software vendors to accelerate customer workflows with Brex virtual cards. By integrating with providers across categories like procurement, travel, and enterprise resource planning (ERP), Brex continues to expand its enterprise footprint, which already includes hundreds of customers like Atari, Sonos, and Five

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TBC Uzbekistan opens waitlist for digital business banking service

Finextra

TBC Uzbekistan, the leading digital banking ecosystem in Central Asia, launched a waiting list for its upcoming new product offering, TBC Business, set to go live later this year and become the country’s first fully digital banking service for SMEs and individual entrepreneurs.

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Exploring the Next Frontier in Compliance: Risk Orchestration

FloQast

As businesses strive for agility and resilience, the role of compliance has transcended its traditional boundaries, becoming a strategic force that can drive organizational success. As the critical role of compliance in business success becomes increasingly clear, FloQast embarked on a comprehensive survey — Exploring Strategic Compliance: The Next Frontier — to explore the current state of the compliance industry.

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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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Fingerprints’ Sensor Empowers Infineon’s SECORA Pay Bio Solution to Enhance Convenience and Trust of Contactless Biometric Payments

Fintech Finance

Fingerprint Cards AB (STO: FING B) and Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) today announced SECORA Pay Bio, an all-in-one biometric payment card solution that complies with Visa and Mastercard specifications. This new solution simplifies the process of producing biometric smart cards, making it as seamless and efficient as that of standard dual-interface payment cards.

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Google Cloud ships Blockchain RPC service for Web3 developers

Finextra

Building on our commitment to support Web3 developers, Google Cloud today announced the launch of our new Blockchain RPC (Remote Procedure Call) service.

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Checkout.com Announces Partnership With Slope to Enhance Payment Performance for US Enterprise Merchants

Fintech Finance

Checkout.com , a leading global digital payments provider, and Slope , a B2B financing platform for enterprise companies, today announced the beginning of a strategic partnership to boost payment performance for US enterprise merchants. Slope’s innovative payment platform offers two key payment solutions for B2B customers: “Pay Later” (Net Terms or Installments) and “Pay Now” (ACH and credit card acceptance).

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TBC Uzbekistan opens waitlist for mobile-only digital business banking service

Finextra

TBC Uzbekistan, the leading digital banking ecosystem in Central Asia, launched a waiting list for its upcoming new product offering, TBC Business, set to go live later this year and become the country’s first fully digital banking service for SMEs and individual entrepreneurs.

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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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dLocal Partners with Ontop to Streamline Payroll Payments in High-Growth Markets

Fintech Finance

dLocal , the leading cross-border payment platform specializing in emerging markets, today announced its strategic partnership with Ontop , a global payroll platform that facilitates salary payments from companies to remote workers around the world. According to the Financial Stability Board 2023 , fees for international payments currently average 1.5% for corporate transactions and as much as 6.3% for remittances.

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August 2024 Changelog

Basis Theory

A few updates to the Basis Theory product that helps with single-sign on and the Proxy. Read the post and follow the links for more information!

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Wells Fargo Expands API Capabilities for its Commercial Banking Business

Fintech Finance

Wells Fargo & Company (NYSE: WFC ) has announced the launch of specialized Application Programming Interfaces (APIs) tailored for its Commercial Banking clients. This expansion of Wells Fargo’s API portfolio provides immediate access to real-time data that may help increase sales, improve liquidity, reduce credit risk, and reduce expenses for floorplan and channel finance clients in the following industries: auto, motorsports, outdoor products and equipment, recreational vehicles, consumer e

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Drive results, recover revenue with zero-touch fraud resolution

The Payments Association

Struggling with rising fraud cases and outdated banking systems? Discover how cutting-edge AI-powered solutions like Rivero’s Amiko Virtual Agent are transforming dispute management, slashing costs, and boosting fraud recovery efficiency—all while improving the customer experience. Ready to future-proof your fraud strategy? Dive in to learn more!

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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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Mangopay Announces Sergi Herrero as New CEO

Fintech Finance

Mangopay , a modular and flexible payment infrastructure provider for platforms which was acquired by Advent International in 2022, today announces the appointment of fintech industry leader Sergi Herrero as Chief Executive Officer. Sergi succeeds Romain Mazeries who is stepping down from his role. Throughout his career, Sergi has earned a strong reputation as a results-focused leader who brings both payments domain expertise and proven CEO capabilities.

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Open banking safer than screen scraping, experts say

Bank Automation

Open banking regulation should promote secure data sharing while eliminating the need for screen scraping. In the United States and Canada, screen scraping is still a common practice, Michelle Beyo, chief executive at consulting firm Finavator, said during this week’s Bank Automation News’ webinar, “The future of open banking – Payments meet data.

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Tribe Payments Secures ISO 27001 Certification, Strengthening Information Security

Fintech Finance

Tribe Payments, the innovative digital payments and infrastructure orchestrator specialising in issuer and acquirer processing, has achieved ISO 27001 certification, the strongest possible global information security standard. With this globally trusted stamp of approval, Tribe assures payment ecosystem players of its operational resilience and ability to safeguard critical IT infrastructure from rapidly advancing cybersecurity threats.

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SEC hits more firms with WhatsApp fines

Finextra

The Securities and Exchange Commission today announced charges against 12 municipal advisors for failures by the firms and their personnel to maintain and preserve certain electronic communications.

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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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U.S. Faster Payments Council Releases Dual Reports on ISO 20022 Implementation and Benefits

Fintech Finance

The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, has announced the release of two complementary reports from its Cross-Border Payments Work Group, sponsored by Mastercard: How to ISO 20022 and Distinguishing Advantages in the Format & Structure of ISO 20022 for Instant Payment Adoption.

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Australia gives priority to wholesale CBDC over retail

Finextra

The Reserve Bank of Australia is to prioritise the issuance of a wholesale central bank digital currency over a retail CBDC, arguing that a clear business case for the latter has yet to emerge.

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FICO and Jersey Telecom Collaborate to Tackle Authorised Push Payment Fraud

Fintech Finance

In the fight against the growing problem of financial scams, global analytics software leader FICO has collaborated with Jersey Telecom (JT) to develop a powerful solution that enables direct, near real-time intervention to protect customers. FICO and JT worked with leading UK banks to identify the most relevant telephony signals that indicate an active scam.

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Transactions: Citizens Bank, Navan team up for travel expense management

Bank Automation

Citizens Bank has teamed up with Navan to provide its commercial customers with travel expense solutions. “Dynamic travel policies are in demand given the changing landscape in travel and the unique needs of companies and employees,” Rodrigo Sanchez, head of commercial card solutions at Citizens, told Bank Automation News. “Clients are also looking for ways […] The post Transactions: Citizens Bank, Navan team up for travel expense management appeared first on Bank Automation News.

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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 CFO to continue working after cancer diagnosis

Payments Dive

Decisions on medical disclosures can be challenging for companies. Mastercard’s approach drew high marks from some corporate governance experts.

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JPMorgan in talks to take on Apple's credit card portfolio from Goldman Sachs

Finextra

JPMorgan Chase is in discussion with Apple about taking over the computer giant's credit card programme from Goldman Sachs.

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CFPB takes aim at ATM, debit card fees

Payments Dive

Regulators should assume, as a default, that customers have not agreed to coverage and fees unless banks can provide signed agreements or recorded conversations, the agency said in a policy reminder.

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CFOs: overcome automation challenges and boost efficiency with AFAH

Axway

In today’s rapidly evolving business landscape, Chief Financial Officers (CFOs) face a myriad of challenges.

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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