Fri.Dec 13, 2024

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Ex-TD employee charged in debit card case

Payments Dive

The former worker issued dozens of cards linked to accounts opened by another TD employee in the names of shell companies, and received bribes for that work, the Justice Department alleged.

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Stablecoins in Asia Are Stably Reducing Dependency on USD

Fintech News

The growing adoption of stablecoins across Asia marks a significant shift in the regions financial landscape. Traditionally, U.S. dollar-pegged stablecoins like USDT and USDC primarily dominate the cryptocurrency topography. However, there is slight shift these days as Asian markets are now embracing stablecoins that are linked to their own respective local currencies.

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Klarna, eBay for European expansion

Payments Dive

The Swedish buy now, pay later provider is expanding with the global marketplace company as it contemplates a U.S. initial public offering.

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Guarding the Gates: Data Compliance and Privacy

Segpay

Striking the Balance Between ID Management and Data Protection In the digital age, where data drives everything from marketing strategies to AI algorithms, a growing number of citizens are worried about the protection of their personal data. The rise of data privacy concerns has led to a surge in global regulations, such as the EU General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), which are drafted to protect peoples individual data protection rights.

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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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The Payment Cards Group Limited and Black Bear Merchant Services Limited Join Forces to Launch a New Brand ‘AbbyPay’

Fintech Finance

The Payment Cards Group Limited (PCG), a cloud-native payment processor and acquirer, and Black Bear Merchant Services Limited (the holding company of BBMSL Limited BBMSL) are pleased to announce the signing of a strategic alliance to establish a new brand and group holding company, ABBY Pay&Tech Holdings Limited (“AbbyPay”). Under this new strategic alliance, AbbyPay will leverage PCG’s market leading position as an acquirer with principal memberships in all major card sch

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A2A Payments: The future of seamless transactions

The Payments Association

A new era of faster, cheaper, and more efficient payments is here. Account-to-account (A2A) payments are transforming how businesses handle transactions, making them a top choice for industries like e-commerce, gaming, and beyond. With A2A payments projected to grow from 60 billion transactions in 2024 to 186 billion by 2029 , this technology is set to revolutionise payments.

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Paxos and Standard Chartered Form Strategic Alliance to Manage Stablecoin Reserves

The Fintech Times

Paxos, a regulated blockchain infrastructure platform, has formed a strategic partnership with Standard Chartered to enhance the management of its digital assets, Global Dollar (USDG) and Lift Dollar (USDL), in Singapore and the UAE. This collaboration will see Standard Chartered providing essential services such as cash management, trading and custody, aimed at bolstering the infrastructure that supports these stablecoins.

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Mesh Payments Teams Up With SoFi Bank and Galileo to Drive Innovation in Travel and Expense Management

Fintech Finance

Mesh Payments , an innovator in global travel and expense management, has joined forces with SoFi Bank as its sponsor bank and with Galileo Financial Technologies , a leading financial technology company owned by SoFi Technologies, Inc. (NASDAQ: SOFI) as its longtime payments processor. Were excited to partner with SoFi and Galileo, as both companies share our vision of delivering the most modern and innovative financial solutions for businesses This partnership integrates Mesh Payments next-gen

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Toward a Greener Future: PA’s Push for Standardised Carbon Measurement in Digital Payments

The Fintech Times

The digital payments industry, pivotal to global commerce, is facing increasing scrutiny over its environmental footprint. In response, The Payments Association has launched an initiative aimed at creating a standardised approach for measuring carbon emissions across the digital payments value chain. This strategic move seeks to align the payments sector with global sustainability goals by integrating environmentally responsible practices into its core operations.

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Getting banking websites and apps ready for peak traffic over the holiday season

Finextra

Though 2024s Black Friday and CyberMonday have now passed, there are still some shopping milestones.

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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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JCB Expands UK Access: Cards Now Accepted for Electronic Travel Authorisation Fees

The Fintech Times

International travellers will be able to use their JCB cards to pay for the UKs newly implemented electronic travel authorisation (ETA) fees from January 2025. The move by JCB International facilitates a simpler payment option for the required ETA, enhancing travel convenience for its global cardholders. The UK government has introduced the ETA to streamline entry procedures as well as improve security, with all non-European visitors required to obtain an ETA before traveling to the UK.

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Commercial Variable Recurring Payments (cVRP) and the implications for banks

Finextra

Driving the mainstream growth of Open Banking payments continues to be a key talking point for the U.

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Kuady Advances Financial Inclusion with New Services in Ecuador and Argentina

The Fintech Times

Kuady has announced its expansion into Latin America, debuting digital wallet services in Ecuador and a virtual prepaid Mastercard in Argentina, adding to its existing operations in Mexico, Peru, Argentina and Chile. These initiatives boost Kuady’s portfolio of secure, real-time payment solutions and user-friendly e-wallet features, supporting transactions in both local currency and USD.

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Top 10 Features Every Modern Loan Origination System Should Have

Finezza

Lending has changed dramatically with the rise of digital technology, and a modern Loan Origination System (LOS) plays a key role in this transformation. Traditional loan processes, relying on paperwork and manual input, have given way to automated, streamlined operations. A powerful LOS becomes indispensable as more lenders adopt technology to improve efficiency.

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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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eBay Expands Partnership With Klarna to Bring Flexible Payments to European Countries

The Fintech Times

Shoppers using the e-commerce platform, eBay , will now have more choice and flexibility in how they pay as the firm expands its partnership with Klarna , the AI-powered global payments network and shopping assistant. According to a 2024 PYMNTS Intelligence report , nearly half of Gen Z and Millennial consumers have used BNPL in the past 12 months. The service was evidently successful in Germany where eBay had trialled using Klarna as the offering.

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The ISO 20022 deadline is looming: Are financial organisations prepared?

Finextra

The countdown to ISO 20022 is on.

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Welsh Fintech Booms with Increased Investment and Global Expansion Efforts

The Fintech Times

Welsh fintech has surged to new heights with a 70million investment boost and dynamic industry growth, according to FinTech Wales’ latest report. It offers an in-depth look at the sectors expanding influence, from significant job creation to a notable increase in global expansion efforts and innovation. FinTech Wales, the independent membership association that supports the fintech and financial services industries in Wales, details the sector’s substantial economic impact, highlight

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Conducting the payments orchestra: Why SaaS is the future

Finextra

Practical use cases of SaaS adoption, and how it helps banks build effective transaction banking models

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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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Open banking helps WECU increase funding by 10%

Bank Automation

WECU has increased funding through its digital channels by 10% since implementing open banking in 2022. Following a core and digital banking conversion in 2018, the $2.5 billion credit union realized it needed to continue deploying new technology to be competitive with modern fintechs and bank giants like Bank of America and Chase, Jack Ingram, […] The post Open banking helps WECU increase funding by 10% appeared first on Bank Automation News.

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What Customers Are Saying About BlueSnap Global Payments for NetSuite

BlueSnap

BlueSnap Global Payments for NetSuite is a single SuitePayments app that gives businesses a seamless solution for accepting payments from customers all over the world. The post What Customers Are Saying About BlueSnap Global Payments for NetSuite appeared first on BlueSnap.

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LLC Tax Deductions Explored: 23 Must-Know Write-Offs for Small Businesses

EBizCharge

While the world of taxes can feel overwhelming, especially for small businesses, learning how to leverage tax deductions for your Limited Liability Company (LLC) can streamline your finances and maximize your profitability. Tax deductions can significantly reduce your taxable income, allowing you to reinvest savings back into your business. However, failing to recognize eligible expenses or inadvertently claiming non-deductible items can lead to financial pitfalls.

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Mesh Payments Integrates with SoFi’s Galileo

Finovate

Travel and expense management company Mesh Payments has selected SoFi as its sponsor bank and has tapped SoFi-owned Galileo Financial Technologies as its payment processor. Mesh Payments is an all-in-one corporate payments platform for travel and expense that integrates corporate cards, expense management, and travel bookings on a single platform. Mesh Payments offers SaaS enterprises cardless payments capabilities that enable full visibility, control, and intelligence to help them orchestrate,

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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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Blackhawk Network Launches eGift Card Links

The Nilson Report

The post Blackhawk Network Launches eGift Card Links appeared first on Nilson Report.

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Magic Vision Launches AI-Powered Platform for Digital Creators

Fintech Review

London, United Kingdom, December 13th, 2024, FinanceWire Magic Vision , an AI-powered platform for digital media creation, officially launches today. The platform combines advanced artificial intelligence with intuitive editing tools for photo, video, and audio production, providing creators across industries with a one-stop solution for high-quality content creation.

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UK regulator PSR plans cap on cross-border card fees

Finextra

The Payment Systems Regulator is pushing ahead with plans to introduce a price cap on the fees Visa and Mastercard charge UK merchants when European shoppers make online purchases.

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B2B Software Solutions: Top Tools to Recession-Proof Your Business

Paystand

Table of Contents What is a B2B Software System? What Are B2B Solutions? What is a B2B SaaS Example? What is SaaS vs. B2B Software? How B2B Software Solutions Address Economic Challenges Top B2B Software Categories Recession-Proof Your Revenue with AR Automation Key Takeaways Discover what B2B software systems are and how they empower businesses to navigate challenges like recessions.

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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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10 trends that will impact payments in 2025, according to Mastercard

Finextra

In this preview of a Mastercard report being released in early 2025, leaders at the card processer say that generative AI is emerging as critical to boosting fraud protection rates by as much as 300%.

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Why financial technology can make global payments a frictionless process

Finextra

Both consumers and businesses, as technology has developed, have begun to rely on global payment services for a variety of uses. As the process becomes more and more digitised, fintech firms are focussed on better speeds and transparency whilst remaining just as, if not more, secure.