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The Bank for International Settlements (BIS) and a group of central banks have successfully completed Project Mandala demonstrating automated compliance for cross-border transactions. Project Mandala was carried out in collaboration with the Reserve Bank of Australia, the Bank of Korea, Bank Negara Malaysia, and the Monetary Authority of Singapore. The initiative showcases how regulatory requirements can be embedded directly into cross-border payment processes, aligning with G20 priorities to ma
FV Bank, in partnership with Visa, has today announced at Money20/20 Las Vegas (October 27-30), the launch of FV Bank’s new debit cards and corporate expense cards. Available to both U.S. and international customers and businesses, the individual debit cards and corporate expense cards can be used worldwide, providing individuals and businesses with seamless access to their FV Bank fiat and digital asset custody balances offering global payment convenience and enhanced financial flexibility.
Payments giant Mastercard has introduced Bill Qkr , a digital solution aimed at simplifying recurring and one-time bill payments for consumers and businesses. Bill Qkr offers a secure, card-based system designed to make payments easier for merchants, acquirers, payment facilitators, and service providers through flexible options and streamlined collection processes.
The Payments Association (TPA)’s George Iddenden recently sat down with Peter Theunis, senior vice president sales and European managing director at BPC to discuss the remarkable transformation of the payments processing industry, driven by the rise of fintech, the shift towards digital payments, and evolving consumer behaviours. The traditionally stable environment, where banks outsourced processing to established providers, has been shaken up by the emergence of fintech players.
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.
Thunes, a global payments company, has launched a new Pay-to-Card solution that allows its members to send real-time payments to 15 billion Mastercard, Visa, and UnionPay cards worldwide. This expansion increases Thunes ‘ global reach to 22 billion endpoints, adding to its existing capability to pay directly into 7 billion mobile wallets and bank accounts.
Dojo , a leading payment technology provider, has announced a major milestone in its mission to support small and medium-sized enterprises (SMEs) across the UK. Through its long-standing partnership with global embedded financing platform YouLend, Dojo has extended over £1 billion in flexible funding since 2020. Over the past four years, the partnership has provided financing to more than 20,000 businesses.
Global payments infrastructure provider Nium has launched Nium Verify, a real-time bank account verification service available in 50 markets. Designed for businesses and individuals, Nium Verify allows instant confirmation of bank account details before transactions. This helps to reduce payment failures, operational inefficiencies, and compliance risks in cross-border payments.
Global payments infrastructure provider Nium has launched Nium Verify, a real-time bank account verification service available in 50 markets. Designed for businesses and individuals, Nium Verify allows instant confirmation of bank account details before transactions. This helps to reduce payment failures, operational inefficiencies, and compliance risks in cross-border payments.
What is this article about? Key findings from the Half Year Fraud Report 2024 by UK Finance, detailing the evolving threats in payment fraud. Why is it important? It highlights the rising trends in fraud and stresses the need for payment leaders to implement stronger prevention strategies and collaborations. What’s next? Payment leaders must focus on fraud prevention, collaboration with tech and telecom sectors, and public education to mitigate future risks.
Instant payments and fraud prevention have quickly become the areas fintechs need to focus on most, according to the third portion of the ‘2024 Payment State of the Union’ study by Discover Global Network , the global payment network. Conducted in partnership with 451 Research of S&P Global Market Intelligence , Discover Global Network surveyed thousands of decision-makers across fintechs, merchants, and consumers to better understand if ecosystem priorities are aligned.
The Governor of the Bank of England, Andrew Bailey has re-affirmed his support for a retail central bank digital currency, arguing that central banks are the "only game in town" as commercial banks lack the incentive to push for innovation.
Payment technology provider, Dojo , has now successfully extended over £1billion in flexible funding since 2020, in partnership with global embedded financing platform YouLend. Through its partnership with YouLend and its mission to support small and medium-sized enterprises (SMEs) across the UK, Dojo has provided financing to over 20,000 businesses.
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
LAS VEGAS — The Consumer Financial Protection Bureau Director Rohit Chopra hopes the financial services industry moves away from screen scraping although the CFPB’s Oct. 22 Section 1033 Open Banking Rule did not ban the practice outright. “I favor the end of the screen scraping as fast as possible,” Chopra told Bank Automation News at […] The post CFPB director favors ‘the end of screen scraping’ appeared first on Bank Automation News.
Attending Seamless KSA 2024, The Fintech Times had the chance to sit down with Ismail A. Amonette , founder and CEO of IBEA, a US-based startup aiming to transform the B2B payments space in Saudi Arabia. Amonette shared insights into IBEA’s journey, challenges and the bold decision to enter the Saudi market as an American startup. From his perspective, Saudi Arabia’s economic landscape, driven by technological advancement, presents unique opportunities for innovation in B2B payments.
Plaid CEO Zach Perret expects consumers to use pay-by-bank services for mortgage and utility payments, but is skeptical they will be used to pay at restaurants or for groceries anytime soon, he said.
Thunes, a global cross-border payment infrastructure provider, has launched a pay-to-card solution, expanding its global direct network to enable real-time cross-border payments to 15 billion cards worldwide, including Mastercard, Visa and UnionPay. This addition brings the company’ s direct network to 22 billion endpoints, enabling users to send payments directly to cards, mobile wallets and bank accounts worldwide through a single integration.
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.
Finfra, an Indonesian lending-as-a-service infrastructure provider, has raised US$2.5 million in a funding round led by Cento Ventures. The fundraise was also joined by Accion Venture Lab, Z Venture Capital, and Avafin’s founder, Matiss Ansviesulis. The investment will help Finfra scale its embedded lending solutions to support Indonesia’s digital SME ecosystem.
Network International, a digital commerce player in the Middle East and Africa (MEA), has partnered with global digital payment provider Ant International to bring expanded digital payment options to businesses across the region. An agreement between the pair, signed in a ceremony attended by UAE Ambassador to Singapore H.E. Jamal Abdulla AlSuwaidi, aims to drive digital transformation and boost financial inclusion in MEA’s growing digital economy.
The Monetary Authority of Singapore (MAS) has unveiled the finalists for the 2024 Global Fintech Hackcelerator. The winners of the competition will be announced on 7 November 2024 during the SFF Fintech Excellence Awards. The 2024 Hackcelerator, themed “Improving Financial Health,” aims to foster solutions that help individuals and businesses manage their finances more effectively.
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?
The Singapore Fintech Festival (SFF) has announced the finalists for its 2024 Fintech Excellence Awards, organised in partnership with the Singapore Fintech Association (SFA) and supported by PwC Singapore. These awards highlight companies and individuals whose fintech initiatives have contributed to advancing financial technology, promoting financial inclusion, and improving service delivery.
Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce today (Monday) the launch of the HKEX Virtual Asset Index Series (Index Series), offering a reliable benchmark for a fast-emerging asset class that supports Hong Kong's development as Asia's leading digital assets hub.
Worldpay ® and Capital One have joined forces in a new collaboration to optimize payment fraud decisioning and enhance payment security and efficiency with a data sharing agreement. Merchants enrolled in Worldpay’s flagship fraud detection and prevention solution, FraudSight , will automatically receive the benefits when accepting a payment made using a card issued by Capital One.
B2C2, a global leader in institutional liquidity for digital assets, announced today that it is adding OpenPayd’s embedded finance capabilities to its own global instant settlement network.
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
Nium, the leading global infrastructure for real-time cross-border payments, today announced the launch of Nium Verify , a real-time bank account verification solution for businesses and individual accounts, available across 50 markets. Designed to empower businesses with instant verification of beneficiary bank account details, Nium Verify aims to reduce errors, operational inefficiencies, and compliance risks, increasing the confidence of the finality of real-time payments.
HSBC and Ant International have completed HKD-denominated cross-bank blockchain-based test transactions under the Hong Kong Monetary Authority’s Ensemble Sandbox.
Network International (Network), a leading enabler of digital commerce in the Middle East and Africa (MEA), and leading global digital payment and financial technology provider Ant International , have signed a Memorandum of Understanding to extend innovative digital payment solutions to businesses in the Middle East and Africa, driving digital transformation and financial inclusion in the region.
The payments landscape is shifting, with digital-first experiences becoming the new standard. The card scheme Click to Pay mandate underscores this evolution, making it mandatory for issuers to adopt a more streamlined, card-on-file experience that prioritises security and user convenience. But beyond compliance, what does Click to Pay mean for the payments industry today, and how can card issuers navigate this transition effectively?
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.
Adyen, the financial technology platform of choice for leading businesses, has today launched a new report with Boston Consulting Group (BCG) which reveals a game-changing $185 billion market opportunity for SaaS platforms, a substantial 25% increase since 2022. BCG’s analysis reveals this market growth is driven by a favorable interest rate environment — due to higher bank revenues from accounts — and an overall expansion of banking revenue pools. aIn parallel, the demand for embedded fin
By Steve Tcherchian, CISSP, PCI-ISA As we near the holiday season, thieves are hard at work with new and clever tactics designed The post 4 Reasons Why You Should Ditch Your Debit Card This Holiday Season (and permanently) first appeared on Payments NEXT.
PSQ Holdings, Inc. (NYSE: PSQH) (“PublicSquare,” or the “Company”) today reported the formal launch of its payments platform, the implementation of a strategic plan to streamline the organization, and the announcement of a private investment in public equity transaction (“PIPE”) of $5.35 million to help fund the growth of its payments vertical and for other general corporate purposes.
The Bank for International Settlements (BIS) along with central banks in Australia, Korea, Malaysia and Singapore have successfully demonstrated the feasibility of embedding regulatory compliance requirements with cross-border financial transactions.
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
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