Thu.Nov 21, 2024

article thumbnail

India in Talks to Forge New Cross-Border Payment Linkages, Says RBI

Fintech News

India is advancing efforts to establish cross-border payment linkages with multiple countries, as reported by Bloomberg, citing an official from the Reserve Bank of India (RBI). T Rabi Sankar Deputy Governor T. Rabi Sankar, speaking at a conference in the Philippines, highlighted ongoing discussions with nations like the UAE and other regional neighbors to broaden this network.

article thumbnail

Mastercard Collaborates With New Africa Technology to Launch Fintech Card in Senegal, Côte D’ivoire, and Benin

Fintech Finance

New Africa Technology (NAT) , a fintech company based in Senegal, joins forces with Mastercard to introduce a virtual and physical prepaid card for individuals through NAT’s existing digital wallet solution, ‘’Flash’’. This collaboration aims to transform the payment landscape in Senegal, Côte d’Ivoire, and Benin. The solution is also designed to support merchants by driving payment acceptance through advanced technologies such as QR Pay, Pay by Link and contactless payments.

Visa 103
article thumbnail

Aevi and Paydock join forces to revolutionise omni-channel payment orchestration

The Payments Association

Paydock, a leading eCommerce payment orchestration platform, has announced a strategic partnership with Aevi, a pioneer in card-present payment orchestration, to deliver a true omnichannel payment orchestration offering for financial institutions, merchants and ISVs. This partnership unites Paydock’s expertise and agnostic infrastructure in digital payments with Aevi’s advanced in-store payment solutions.

ISVS 88
article thumbnail

Raimac Partners with Cashflows to Launch Programmable Payments in the UK

Fintech Finance

Raimac Financial Technology , a game-changer for companies looking to offer flexible payments, has today announced a strategic partnership with Cashflows , the platform that makes it easy for businesses to accept payments. This partnership positions Cashflows as one of the first companies in the UK to implement Raimac’s advanced programmatic payment technology.

Payments 111
article thumbnail

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.

article thumbnail

Credit Card Processing for Small Business: Everything You Need to Know

Stax

Whether you are starting a new online store or looking to grow your existing brick-and-mortar small business, you must make provisions for accepting credit card payments. A study by the Federal Reserve Bank of San Francisco showed that credit cards account for 31% of all payments, significantly more than cash at 18%, and debit cards at 29%. There is no way around it: credit cards are an essential part of the everyday life of your customers and you will only lose customers if you aren’t ready for

article thumbnail

TreviPay Embeds Dynamic Trade Credit Application Into B2B Buyer Onboarding Process

Fintech Finance

TreviPay , the most-trusted B2B payments and invoicing network, has expanded its order-to-cash (O2C) offering by enhancing the buyer onboarding experience through automation. With TreviPay’s proprietary Risk Management Platform , business buyers can now apply for trade credit through a dynamic self-serve application, making the onboarding experience easier, faster and more tailored.

B2B 98

More Trending

article thumbnail

International Fraud Awareness Week: PSR Research Shows Reimbursed Fraud Victims Feel More Vigilant About Fraud Risks, Not Less

Fintech Finance

Marking International Fraud Awareness Week, the Payment Systems Regulator (PSR) has published research showing the emotional and financial toll of Authorised Push Payment (APP) fraud on UK consumers. With APP fraud losses exceeding £213 million in the first half of this year alone, this week highlights the ongoing need to protect consumers and advance fraud prevention efforts across all sectors.

article thumbnail

Paydock and Forter: Empowering merchants and financial institutions with seamless payments and fraud prevention

The Payments Association

Paydock continues to grow its partner network, forging strategic alliances that deliver enhanced value and operational efficiency to merchants and financial institutions worldwide. The latest addition to this network is Forter, a global leader in AI-powered fraud prevention, who joins Paydock in transforming fraud detection and prevention for online businesses.

article thumbnail

Two-Thirds of Brits Use Retail Credit to Pay for Christmas

Fintech Finance

Two-thirds of Brits have used or plan to use retail credit during the Christmas season. Moneyhub ’s Christmas Retail Credit Report reveals that retail credit users spend an average of £1,012.55 over the holidays, with £759.71—nearly three-quarters—financed through retail credit. It also highlights how Open Banking can help lenders and retailers better serve customers and manage lending risks.

article thumbnail

Amazon now accepts EBT card payments

Payments Dive

The e-commerce giant began letting needy families shop on its website with their federal benefits cards earlier this month.

Payments 158
article thumbnail

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

article thumbnail

Inn-Flow Partners With DailyPay To Help Boost Hotel Staff Financial Flexibility With New Integration

Fintech Finance

Inn-Flow , the all-in-one operations software for hoteliers, announces its new integration with DailyPay , a worktech company and leading provider of earned wage access. This new integration allows hotel owners, managers, and operations teams to offer staff choice and control over their earned pay, increasing employee satisfaction and boosting their financial flexibility.

Payroll 96
article thumbnail

Fundbot Launches Payments Platform in Collaboration With Mastercard to Link Buyers and Suppliers

The Fintech Times

Payments giant Mastercard is joining forces with Fundbot , a UAE-based fintech firm specialising in supply chain financing, to accelerate business-to-business (B2B) payment flows via a new payments platform linking buyers and suppliers. Initially launching in the UAE and Saudi Arabia, the new tech-driven solution aims to boost user experience by including added-value capabilities, such as the dynamic discount product from Fundbot that incentivises quicker B2B payments, fast-tracking the conversi

Visa 59
article thumbnail

Zimswitch Taps ACI Worldwide to Protect Zimbabweans From Payment Fraud

Fintech Finance

ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, have announced that Zimswitch , Zimbabwe’s national electronic payments switch and a leading payments technology company, has chosen ACI’s Fraud Management and Payments Intelligence solution to enhance its fraud prevention and management capabilities. Through this implementation, Zimswitch aims to bolster the security of Zimbabwe’s digital payment infrastructure and provide an elevated level of p

article thumbnail

albo Accelerates Presence in Mexican Business Payments Market With Paymentology Partnership

The Fintech Times

albo , the Mexican digital bank, has joined forces with Paymentology , the global issuer processor, to strengthen its market position in the personal and business finance sectors, while simultaneously accelerating its growth. The digital payments market in Mexico is experiencing robust growth, with an annual increase of nearly 10 per cent expected between 2024 and 2028.

article thumbnail

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.

article thumbnail

Network International Launches Payfast 2024 State of Pay Report

Fintech Finance

Network International, a leading enabler of digital commerce in the Middle East and Africa, has launched the fourth annual ‘State of Pay’ report, which provides an in-depth look at South Africa’s payment landscape and current trends. Featuring expert insight from companies like Absa and KFC, as well as extensive merchant and consumer survey data, the report highlights the convergence of commerce – an industry-defining trend that is set to deliver customer convenience and merchant efficiency.

article thumbnail

ClearScore Merges Worlds Of Open Banking and Credit Data With ‘Credit Health’ Launch

The Fintech Times

Financial marketplace, ClearScore , has announced arguably its biggest update since its launch with Credit Health. The new platform will allow users and lenders to interact in a new way, leveraging credit and affordability data in a more holistic way. Since 2015, ClearScore has made partnerships with over 160 financial providers and has looked to put data in the hands of users.

article thumbnail

Universal Digital Payments Network (UDPN) and FORUS Digital Announce Strategic Cooperation to Advance Financial Innovation in Africa

Fintech Finance

In Sub-Saharan Africa, approximately 105 million adults are unbanked and lack proper identification documents ( [link] ). Over 350 million adults in Africa live on a cash-only basis ( [link] ), without access to financial accounts, credit cards, or lending facilities. Digital currency systems could prove to be key in improving financial inclusion and opening up new opportunities to large underbanked communities in many African countries.

article thumbnail

Apple Pay, other tech firms come under CFPB regulatory oversight

Bank Automation

The top US consumer watchdog will supervise Apple Inc. and other major technology firms that offer digital wallets and payment apps, finalizing a proposal from last year with several changes. The US Consumer Financial Protection Bureau will now treat those companies more like banks as long as they handle more than 50 million transactions a […] The post Apple Pay, other tech firms come under CFPB regulatory oversight appeared first on Bank Automation News.

CFPB 52
article thumbnail

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?

article thumbnail

CFPB tweaks big tech payments rule

Payments Dive

In finalizing the new rule to oversee digital wallet providers Thursday, the Consumer Financial Protection Bureau said it made important changes to its initial proposal.

Rules 103
article thumbnail

Rent the Roo Partners With GoCardless to Boost Payment Success and Remove ‘unfair’ Dishonour Fees From Network

Fintech Finance

Rent The Roo, an Australian company providing consumer leases, has announced a partnership with GoCardless , a global leader in direct bank payments. The partnership will allow Rent The Roo to remove punitive dishonour fees for its customers while delivering fully digital direct debit payments and increasing payment success rates. Rent The Roo provides affordable leases, or rentals, on everything from phones and home appliances to furniture, computers, and garden items.

Payer 98
article thumbnail

Chainlink consortium to test trade finance app using Brazil's digital Real

Finextra

Microsoft Brazil, 7COMm and Chainlink are to work with Banco Inter on a trade finance application as part of the second phase of the central bank's trials of its digital currency, Drex.

Finance 94
article thumbnail

Adyen Goes Live with Tap to Pay on iPhone with Launch Partner NewStore in New Zealand

Fintech Finance

Adyen , the global financial technology platform of choice for leading businesses, brings Tap to Pay on iPhone to its New Zealand retailer customers. By partnering with NewStore for the launch, businesses including Lorna Jane and R.M.Williams can now accept contactless payments using only an iPhone and the NewStore Associate iOS app. Adyen and NewStore will enable Tap to Pay on iPhone for their joint customers, which accepts all forms of contactless payments, including contactless credit and de

article thumbnail

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

article thumbnail

How AI is Revolutionizing Fraud Detection in B2B Payments

Payments Next

By John Gronen, Chief Financial Officer, Yooz Imagine you’re managing a busy marketplace. Dozens of merchants, hundreds of customers, and money constantly The post How AI is Revolutionizing Fraud Detection in B2B Payments first appeared on Payments NEXT.

article thumbnail

Beacon Launches Canada’s First Purpose-Built Wallet for Immigrants to Canada

Fintech Finance

Beacon , a company reinventing financial services for immigrants to Canada, proudly announces the launch of Beacon Money. With an open waitlist and launching publicly in January 2025, Beacon Money allows immigrants from around the world to open, fund and use Beacon Money within the Beacon Super App prior to their arrival, and then for their daily payment and spending needs once they are living in Canada.

ATM 95
article thumbnail

Mastercard MTN connects to JP Morgan's Kinexys Digital Payments for settlement

Finextra

Mastercard has connected its Multi-Token Network (MTN) to JPMorgan's Kinexys Digital Payments rail for B2B cross-border payments settlement.

article thumbnail

Adyen goes live with Tap to Pay on iPhone in New Zealand

The Paypers

Adyen has announced the launch of its Tap to Pay on iPhone for customers and businesses in the region of New Zealand, in partnership with NewStore.

77
article thumbnail

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.

article thumbnail

AI adoption in UK FS sector grows but understanding lags

Finextra

Three quarters of financial services firms in the UK are already using artificial intelligence, yet nearly half of these users have only a "partial understanding" of the AI they are deploying, according to a Bank of England and FCA survey.

AI 81
article thumbnail

Shufti launches its Fast ID authentication and portable identity service

The Paypers

Global identity verification provider Shufti has announced the launch of its Fast ID authentication and portable identity service for its customers.

article thumbnail

CFPB expands oversight of Big Tech payment apps

Finextra

The Consumer Financial Protection Bureau (CFPB) has finalised a rule that will see it supervise tech giants such as Apple and Google that offer digital payment apps and wallets.

article thumbnail

PayPal to use PYUSD for cross-border transfers via Xoom

The Paypers

PayPal has announced that it will enable its disbursement partners to use PayPal USD (PYUSD) for settling cross-border money transfers via Xoom.

article thumbnail

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