Open Banking Excellence
JULY 9, 2024
Kazakhstan Sets Open API-Driven Strategy Towards 2025 Goal Open Banking stands at a critical juncture in early 2024 with markets both big and small set to start or continue their journeys. Here in Kazakhstan, we are moving ahead with our transformation that we see as critical for modernising the country’s financial sector by 2025 following a successful pilot project at the end of last year.
Stax
JULY 9, 2024
It’s no question that the world has been digitally transformed — both in business and in life. We can hail a ride from a mobile app, and our transactions for all sorts of goods and services can be easily paid for from our phones. Physical wallets are phasing out, left behind in favor of digital wallets and other digital payment options. All you need to use a digital wallet is a smartphone.
Payments Dive
JULY 9, 2024
Lawyers hope a court-approved extension of the claims filing deadline will provide time for resolution of conflicts and allow other business owners to file new claims in the interchange fee case.
TechCrunch Fintech
JULY 9, 2024
Evolve has confirmed that the personal data of at least 7.6 million people was accessed during LockBit's ransomware attack. © 2024 TechCrunch. All rights reserved. For personal use only.
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
PCI Security Standards
JULY 9, 2024
Welcome to our podcast series, Coffee with the Council. I'm Alicia Malone, Senior Manager of Public Relations for the PCI Security Standards Council. In this episode, we'll meet three Qualified Security Assessors, or QSAs. A QSA company is a data security firm certified by the Council to perform on-site assessments of a company's PCI Data Security Standard compliance.
Fintech News
JULY 9, 2024
A new report by global payments firm Airwallex and Skift Research reveals that 66 percent of travel companies worldwide are experiencing reduced profit margins due to outdated payment systems. The study indicates that 90 percent of these companies plan to prioritise upgrades to payment and financial operations systems over the next year. The report, based on a survey conducted in April 2024 with 473 travel executives from seven global markets, highlights that 70 percent of travel companies find
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Stax
JULY 9, 2024
More and more, cash-only businesses are falling by the wayside, unable to keep up with consumer demand for convenient electronic payments. The world of Electronic Funds Transfer (EFT) payments is vast, spanning just about every payment method you can think of. This post covers everything you need to know about EFT payments. TL;DR An Electronic Funds Transfer is an umbrella term for payments that are conducted electronically—essentially, any payment method except for cash and paper checks.
Basis Theory
JULY 9, 2024
Merchants are always on the lookout for ways to improve their security, while keeping as much friction as possible out of their purchase processes. Some of the options they’ve experienced over the years have had really significant tradeoffs, like 3D Secure , which eliminated a significant volume of fraud but also made it harder for consumers to buy.
Finextra
JULY 9, 2024
Banco Santander and Google have reached an agreement to offer a free AI course for anyone over the age of 18 the world over.
NFCW
JULY 9, 2024
CONSUMER PREFERENCE: Customer demand is driving the uptick in contactless card shipments: Nine in ten of the 3.2bn smart payment cards and modules shipped in 2023 included support for contactless payments “as consumers in all markets embrace touch free payments and tap-to-pay goes mainstream”, the Smart Payment Association reports. Total shipments of smart payment cards and modules were up from 2.6bn in 2022, the trade body’s annual review of its members’ smart payment c
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.
Fintech Finance
JULY 9, 2024
NOW Money , one of the leading inclusive digital payroll and banking platform for migrant workers, today announced its new strategic partnership with Mastercard , a global technology company in the payments industry. As part of this collaboration, NOW Money customers will be issued a Mastercard payment card, providing them with secure, seamless, and convenient access to their finances and enabling them to reap the benefits of the digital economy.
Fintech News
JULY 9, 2024
Major retail banks in Singapore will progressively phase out One-Time Passwords (OTPs) for digital token users over the next three months. Announced by the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS), this move aims to better protect customers from phishing scams. Phishing scams were among the top five scam types last year, with at least S$14.2 million lost to these scams, according to the Singapore Police Force Annual Scams and Cybercrime Brief 2023.
NFCW
JULY 9, 2024
SIMPLER PAYMENTS: Alipay’s tap-and-pay service turns a smartphone into an NFC tag reader Alipay , China’s leading mobile payments provider and the pioneer of QR mobile payments, has launched a new service that adds support for NFC contactless payments, marking the first time the technology has been adopted by a major player in the world’s largest mobile payments market.
Fintech News
JULY 9, 2024
DBS Digital Exchange (DDEx) has experienced significant growth in the first five months of 2024, with the trading volume of digital payment tokens nearly tripling compared to the same period in 2023. The number of active trading clients increased by 36%, and digital assets held by DBS surged by over 80%. This growth is attributed to a net inflow of deposits from clients seeking secure, bank-grade platforms for digital asset custody and trading.
Speaker: Shaunna Bruton, Danielle Wyllie, and Kailey Holmes
Say goodbye to one-size-fits-all retail, and say hello to experiences that keep your customers coming back for more! Customer loyalty isn’t just earned - it’s cultivated through meaningful engagement with the help of data. This webinar will take you behind the scenes of how top retailers turn customer data into personalized experiences that drive engagement and retention.
Finextra
JULY 9, 2024
Visa has revealed its role in the development of HSBC's money transfer app Zing, with subsidiaries Tink and Currencycloud providing key building blocks.
Fintech News
JULY 9, 2024
The Bank for International Settlements (BIS) is set to launch Project Insight , an initiative aimed at enhancing the monitoring of global value chains (GVCs) through advanced data analysis. This project seeks to address existing data gaps and improve policymakers’ ability to track trends and shifts within GVCs. Global production and trade, segmented into GVCs, have become standard practice.
NFCW
JULY 9, 2024
Visa has rolled out a Digital Emergency Card Replacement service that makes it possible for cardholders to instantly receive a digital replacement for a lost or stolen card, via text or email, anywhere in the world. “Once received, cardholders can authenticate and add the new card into their digital wallet, offering a convenient, fast and secure solution that helps enhance travel experiences and boost issuer customer satisfaction,” Visa explains.
Fintech Finance
JULY 9, 2024
Leading fintech company redefining the checkout experience, Skipify appoints Sam Shrauger as the new Chief Operating Officer and Lucy Morse as the new Vice President of Enterprise Sales. Both executives bring extensive payment industry experience from some of the world’s most influential companies across finance, technology and consumer sectors.
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The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.
FloQast
JULY 9, 2024
As the financial landscape continues to evolve, the importance of reliable and efficient Financial Close management software cannot be overstated. In this dynamic environment, staying ahead of the curve is not just desirable; it’s essential for maintaining competitiveness and driving growth. That’s why the release of G2’s Summer 2024 Grid Report is always eagerly awaited, as it offers a comprehensive assessment of the leading solutions in the field.
Fintech Finance
JULY 9, 2024
The Financial Technology Association (FTA) today announced that Banking Circle Group , a banking and payments leader for the new economy, has joined the association as its newest member. Banking Circle Group is a unique combination of a world-class technology company and a fully licensed financial services company, delivering fast, low-cost global payments and banking services by connecting directly to the world’s clearing systems.
Payments Dive
JULY 9, 2024
The tie-up will extend Klarna’s installment payment services to more customers buying from sellers on Adobe Commerce.
Fintech Finance
JULY 9, 2024
End-to-end payments platform, Ecommpay , has added a new feature that will allow merchants to collect recurring PayPal payments from customers alongside subscription card payments and direct debits which they have been using to date. The new feature will serve merchants with subscription-based business models, which are selling a product or a service on a recurring basis, such as meal kit delivery services, pay TV, and beauty boxes.
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Build a sustainable merchant services portfolio with practical strategies to ensure long-term success. Diversify across industries to spread risk and stabilize income, balancing high-risk and low-risk clients for a robust mix. Combine large and small merchants to create a resilient payment portfolio, leveraging each type's strengths. Foster long-term relationships through exceptional service and personalized support.
Bank Automation
JULY 9, 2024
Fifth Third Bank was fined $15 million by the Consumer Financial Protection Bureau today for allegedly opening fake accounts in their customers’ names from an existing 2020 lawsuit.
Fintech Finance
JULY 9, 2024
Outpayce, an eMoney institution with a license in Spain, has selected Mambu ’s cloud banking platform to launch its multi-currency digital wallet offering to simplify the end-to-end travel payments experience. Amadeus, a global leader in the travel tech industry, launched Outpayce last year as a standalone entity to evolve its travel payments business, facilitating B2B payments to the travel industry.
Fintech News
JULY 9, 2024
The Singapore Exchange (SGX) has no immediate plans to allow cryptocurrency listings on its bourse, Chief Executive Loh Boon Chye told Reuters , citing the lack of a mature ecosystem to support such a move. Loh Boon Chye In an interview at the Reuters NEXT conference, Loh stated, “Not at the moment,” when questioned about the possibility of SGX opening up to crypto listings.
Fintech Finance
JULY 9, 2024
BankservAfrica and UnionPay International (UPI) are collaborating to facilitate easier and safer e-commerce transactions for UPI cardholders across Africa’s online merchants. Announced today, BankservAfrica and UPI have joined forces to introduce UPI e-commerce acceptance across several countries in Africa. This builds on UPI’s appointment of BankservAfrica, last December, as its domestic on-soil processor for affordable, accessible, and innovative card payments for South Africa.
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In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.
Bank Automation
JULY 9, 2024
EverBank is selecting third-party vendors and updating manual processes throughout the bank, according to Lindsay Lawrence, executive vice president and chief operating officer. “We’re cramming about five years of change in two years,” Lawrence told Bank Automation News. The nearly $40 billion, Jacksonville, Fla.
Fintech Finance
JULY 9, 2024
NALA , a leading UK fintech company, announced today that it has raised $40 million in Series A funding to support its global expansion and enhance the reliability of payments to Africa by developing its payment rails. The past 12 months have been transformative for NALA. The company achieved a 10x increase in revenue, reached profitability, and had positive cash flow.
Fintech News
JULY 9, 2024
Fave Singapore, operating under the registered entity Beeconomic Singapore Pte. Ltd. and part of the Pine Labs group, has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This approval allows Fave to offer account issuance, merchant acquisition, and domestic money transfer services.
Fintech Finance
JULY 9, 2024
Galileo Financial Technologies , a leading financial technology company owned by SoFi Technologies, Inc. (NASDAQ: SOFI), today announced it is arming fintechs with wire transfer capabilities, enabling them to better serve consumers and businesses by offering another option for fast, secure money movement. Through its wire transfer API, Galileo connects fintechs partnering with Community Federal Savings Bank (“CFSB”) with Fedwire via sponsor bank CFSB.
Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms
Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.
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