Finextra
JUNE 4, 2024
At Money 20/20 Europe, Mehret Habteab, senior VP of product and solutions at Visa Europe, announced the company generated $40 billion in incremental e-commerce revenue globally, after issuing over 10 billion tokens since their launch in 2014.
Fintech News
JUNE 4, 2024
Payment giant Visa announced at Money20/20 in Amsterdam that it has issued 10 billion tokens through its tokenisation technology. This has contributed over US$40 billion in additional e-commerce revenue globally and has prevented US$650 million in fraud over the past year. Since its launch in 2014, Visa’s tokenisation technology has replaced sensitive payment data with cryptographic keys, enhancing security and making digital payments safer.
Fintech Review
JUNE 4, 2024
By Nikolay Seleznev , Chief Strategy and Business Development Officer at Uzum The descendants of those who traded on the Silk Road are now embracing a new vehicle for commerce: fintech. For years unable to access innovative finance and technology products, Uzbeks are making up for lost time. In a country and a region which is enjoying robust growth and undertaking a program of economic modernisation, the market for Uzum – and other digital service ecosystems – is growing at an exponential rate.
Fintech News
JUNE 4, 2024
International Payment Identity (iPiD), a Singapore-based fintech that recently joined Visa’s 2024 Accelerator Programme , has raised US$5.3 million in a Pre-Series A funding round. The round, led by Monk’s Hill Ventures, also saw participation from Quona Capital, QED Investors, and existing backers Jungle Ventures, 1982 Ventures, Saison Capital, and Resolution Ventures.
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.
Payments Dive
JUNE 4, 2024
Takis Georgakopoulos, a 17-year veteran at the bank, will be replaced by two colleagues being promoted to co-head roles.
Fintech News
JUNE 4, 2024
HitPay, a Singapore-based commerce platform for SMEs, has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This follows the in-principle approval issued earlier this year in February. The license will enable HitPay to provide merchant acquisition and domestic and cross-border money transfer services, opening cross-border opportunities for SMEs.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Fintech News
JUNE 4, 2024
ORO Bank, touted as Asia’s first full-reserve digital bank, leveraged global financial software provider Finastra’s SaaS core banking solution to launch its cloud-based platform within six months. The Bhutanese bank had launched last week. Finastra’s combination of rich, broad, and deep banking functionality with advanced technology allowed ORO Bank to quickly establish a competitive edge in the market.
Fi911
JUNE 4, 2024
As eCommerce chargebacks become more of a problem, a growing number of online merchants are looking to bring an in-house chargeback analyst into their operations. This professional typically collaborates with financial institutions, payment processors, and card associations to represent the merchant’s interests. The main responsibility of a chargeback analyst includes interpreting chargeback data to assist with the resolution of client disputes and eliminating the factors that might trigger char
Fintech News
JUNE 4, 2024
Global payments company Nium has raised US$50 million in a Series E funding round, valuing the company at US$1.4 billion. The round was led by a sovereign wealth fund in Southeast Asia and includes previous investors BOND, NewView Capital, and Tribe Capital. The funds will be used to accelerate Nium’s growth in the B2B payments market which is projected to reach US$175 trillion by 2030.
Finextra
JUNE 4, 2024
The Bank for International Settlements (BIS) is launching Project Rialto to explore how instant cross-border payments could be improved using a modular foreign exchange component combined with settlement in wholesale central bank digital currencies (wCBDC).
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
Fintech News
JUNE 4, 2024
Homegrown financial services company Singlife has successfully completed its migration to Amazon Web Services (AWS ). The firm claims to be the first insurer in Singapore to be fully cloud-based. Announced in late 2022, the multi-phased project, supported by AWS Professional Services, involved migrating over 39 mission-critical applications and exiting its data centers within 18 months.
Finextra
JUNE 4, 2024
The popularity of ChatGPT stems from its ability to generate human-like text based on input, making.
Fintech News
JUNE 4, 2024
IDEMIA Secure Transactions has introduced the GREENPAY Wallet , a new digital solution aimed at promoting regenerative sustainability in the banking sector. This announcement comes just before World Environment Day on 5 June 2024. The GREENPAY Wallet is a major step in IDEMIA Secure Transactions’ broader corporate social responsibility strategy.
Payments Dive
JUNE 4, 2024
In consumer fraud complaints to the federal agency last year, PayPal and Cash App were cited as apps often used by consumers to pay scammers.
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.
Fintech News
JUNE 4, 2024
HSBC announced that it is set to open three new wealth centres in Singapore by the first quarter of 2025. This move will see the bank increasing its investment in its physical network fivefold, transforming branches into wealth centres to facilitate comprehensive wealth discussions with clients. The new centres will be located in the Central Business District, as well as in the east and west regions of Singapore.
Basis Theory
JUNE 4, 2024
The speed at which payments options expand and change has reached a breakneck pace: it’s almost impossible to imagine a time when the only options were to provide cold, hard cash, a check, or one of the three or four major credit cards. And yet - that reality is shockingly recent, when you consider that the first credit card didn’t launch until the 1950s , and debit cards didn’t take off until the late 1980s and early 1990s.
Fintech News
JUNE 4, 2024
Banking software company Temenos has announced a partnership with Mastercard to provide banks and their customers with more options for international money transfers. This partnership will integrate Mastercard Move , a comprehensive suite of money transfer solutions, into Temenos Payments Hub. Mastercard Move’s solutions facilitate secure and swift international money transfers, offering cost-effective options to route and deliver funds through Mastercard’s extensive global network.
National Processing
JUNE 4, 2024
Why is running a retail business such a painful affair sometimes? For starters, retail businesses can be inherently stressful due to fast-changing environments and too many “moving parts” that the owner has to handle. Then, on top of that are the issues related to retail credit card processing which make other pain points seem […] The post Guide to Credit Card Processing for Retail appeared first on National Processing.
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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?
Fintech News
JUNE 4, 2024
The Bank for International Settlements (BIS) has launched Project Rialto to test the potential for improving instant cross-border payments through a combination of a modular foreign exchange (FX) component and wholesale central bank digital currencies (wCBDC). Enhancing cross-border payments is a significant international policy objective and a priority for the G20.
The Payments Association
JUNE 4, 2024
In today's digital marketplace, understanding the lifetime value (LTV) of your customers is crucial. It's about distinguishing between a fleeting transaction and a lifelong patronage. This distinction is vital, as nurturing customers who consistently engage with your brand can significantly impact your business's sustainability and growth.
Stax
JUNE 4, 2024
Selecting the right payment processing software is crucial for any business aiming to streamline transactions and enhance customer experience. This decision impacts everything from compatibility with existing systems to security features and customer support. You should consider factors like integration capabilities, user experience, scalability, and pricing structures, to ensure a seamless and cost-effective payment process.
Finextra
JUNE 4, 2024
The UK's Link ATM network is testing a new breed of cash machine capable of accepting desposits for multiple banks.
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
Bank Automation
JUNE 4, 2024
The new Consumer Financial Protection Bureau rule putting buy now, pay later providers in the same category as credit card issuers can fuel the industry’s growth, experts say.
Finextra
JUNE 4, 2024
Mastercard and bunq have announced their partnership to create an open banking and AI tool at Money 20/20 Europe.
Bank Automation
JUNE 4, 2024
Financial institutions look to their tech providers to help them embrace new technologies, including AI. At cloud-based fintech nCino, Chief Industry Innovation Officer Anthony Morris works to identify technologies that banks need to implement to keep up with the “industry ahead of them,” he tells Bank Automation News on this episode of “The Buzz” podcast.
PayJunction
JUNE 4, 2024
Medical payments are confusing: Explanation of Benefits (EOB) statements, co-pays, prescription coverage, Medicare plans, separate bills for doctors vs. labs, HDHP, HSA, FSA. The list goes on. It’s no wonder that recent surveys found nearly 40% of Americans are confused by medical bills.
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.
The Paypers
JUNE 4, 2024
The European Central Bank has launched a public consultation on its new guide concerning the outsourcing of cloud services to cloud service providers.
Finovate
JUNE 4, 2024
AMLYZE , a regtech specializing in combating financial crime that made its Finovate debut at FinovateEurope earlier this year , has forged a strategic partnership with Aura Cloud. Headquartered in Lithuania, AMLYZE offers anti-financial crime solutions for a variety of financial services providers, including fintechs, banks, and cryptocurrency firms.
Finextra
JUNE 4, 2024
Turkish fintech Papara is working with DriveWealth to offer its 20 million users the ability to invest real-time in US stocks on the Nasdaq and Nyse.
Bank Automation
JUNE 4, 2024
BNY Mellon’s automated smart routing solution decides which payments rail to send transactions through behind the scenes, without burdening clients with the decision.
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
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