Payments Dive
JULY 16, 2024
The Federal Reserve’s nascent instant payments system has collected hundreds of bank participants across the country in its first year of operations, although a few major banks are holdouts.
Bank Automation
JULY 16, 2024
Morgan Stanley is using AI to improve efficiency and deepen the relationship between its advisers and customers. The bank is deploying technology to aid growth across its three divisions — investment banking, wealth management and institutional securities — Chief Financial Officer Sharon Yeshaya said during Morgan Stanley’s second-quarter earnings call today.
Fintech News
JULY 16, 2024
Banking software provider Temenos and global payments leader Visa have announced a collaboration to simplify and streamline cross-border payments for banks and their customers. The partnership will integrate Visa Direct, Visa’s money movement solution, with Temenos Payments Hub , making it accessible to banks through Temenos Exchange, Temenos’ partner solutions ecosystem.
Finextra
JULY 16, 2024
Salt Edge, a leading open banking solutions provider, recently launched its 6th Open Banking Gateway API version. The company is releasing its newest version of the Account Information API first, with the Payments API slated to follow suit in short order.
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.
Fintech News
JULY 16, 2024
PT GoTo Gojek Tokopedia Tbk has introduced “Dira by GoTo AI,” an AI-enabled fintech voice assistant in Bahasa Indonesia. This launch is part of a long-term Artificial Intelligence (AI) innovation programme aimed at integrating advanced AI technology throughout GoTo ‘s ecosystem. Initially available to a limited number of users on the GoPay app, Dira will be gradually rolled out and eventually become available on the Gojek app.
Fintech Finance
JULY 16, 2024
Temenos (SIX: TEMN), the banking software company, today announced a collaboration with Visa , a world leader in digital payments, to integrate Visa Direct, a Visa money movement solution, with Temenos Payments Hub and make available to banks via Temenos Exchange, the Temenos ecosystem of partner solutions. The Visa Direct network can help financial institutions move money to billions of endpoints in 190+ markets and 160 currencies with real-time cross-border and domestic payment solutions.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Fintech Finance
JULY 16, 2024
OANDA announced today that it has introduced cryptocurrencies* as a payment method in its prop trading business, OANDA Prop Trader, giving customers globally the option to pay for trading Challenges using cryptocurrencies via the program’s user portal. Prop Trader is a program that enables self-directed traders to become signal providers, on a profit-sharing basis, to the firm’s proprietary trading business.
Fintech News
JULY 16, 2024
StraitsX, a digital asset payments infrastructure provider in Southeast Asia, has received Major Payment Institution (MPI) licenses from the Monetary Authority of Singapore (MAS). The licenses were issued to StraitsX USD Issuance Pte. Ltd., StraitsX SGD Issuance Pte. Ltd., and StraitsX Payment Services Pte. Ltd. Additionally, Xfers Pte. Ltd. obtained approval to expand its existing MPI license to include account issuance, domestic and cross-border money transfers, merchant acquisition, and digit
Fintech Finance
JULY 16, 2024
Swipesum , a payment processing and merchant services consultancy, and Authorize.net , a Visa solution, are both collaborating with 4aGoodCause , an all-in-one online donation platform, to enhance customer support and streamline payments for mission-driven nonprofit organizations and their donors. Swipesum and Authorize.net will provide organizations on the 4aGoodCause platform with flexible payment options and hands-on customer service and payment management.
Fintech News
JULY 16, 2024
Global analytics software leader FICO unveiled its latest global consumer fraud research , highlighting that complex identity checks are stalling Singapore’s digital banking progress. Many consumers are opting for in-person applications for mortgages and loans due to cumbersome digital experiences when opening an account via mobile app or website.
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 Finance
JULY 16, 2024
Thought Machine , the cloud-native banking technology company and Quantifeed , the leading provider of digital wealth management solutions, today announce a new partnership which brings together their joint capabilities to service the private banking sector worldwide. Thought Machine is having exceptional success in delivering modern, cloud-native core and payment technology to retail and commercial banks worldwide.
Fintech News
JULY 16, 2024
Haruko, a digital asset investment management platform based in London, has announced a US$6 million funding round as it expands into Southeast Asia. The Series A funding was co-led by White Star Capital’s Digital Asset Fund and MMC Ventures, bringing Haruko’s total venture capital funding to US$16 million. Founded in 2021, Haruko has a presence across North America and Europe, serving over 50 investment management institutions with offices in London and Singapore.
Fintech Review
JULY 16, 2024
Open banking is transforming the financial landscape by fostering innovation , competition, and improved customer experiences. It involves sharing financial data through secure application programming interfaces (APIs). This practice allows third-party providers (TPPs) to access banking data with customer consent, enabling the development of new financial services and products.
Fintech News
JULY 16, 2024
HSBC has announced the appointment of Georges Elhedery as Group Chief Executive Officer (CEO), effective 2 September 2024. Elhedery, who joined HSBC in 2005, has served as Group Chief Financial Officer since January 2023 and has previously held key roles, including Co-CEO of Global Banking & Markets and CEO of the Middle East, North Africa, and Turkiye region.
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 Finance
JULY 16, 2024
The Financial Stability Board (FSB) published today, for public consultation, its proposed recommendations to promote greater alignment in data frameworks related to cross-border payments and consistency in the regulation and supervision of bank and non-bank payment service providers. These reports take forward priority actions under the G20 Roadmap to address legal, supervisory and regulatory frictions in cross-border payments to help achieve the quantitative targets in 2027.
Payments Dive
JULY 16, 2024
The rise of digital wallets hasn't dampened prepaid card use, including the payroll cards some employers use to pay their workers.
Fintech Finance
JULY 16, 2024
Jordan Kuwait Bank (JKB) is pleased to announce its strategic collaboration with Mastercard and FOO to introduce eliWallet, a groundbreaking multicurrency payment. eliWallet, developed by Jordan’s leading banking provider JKB, is a state-of-the-art prepaid wallet offering both virtual and physical cards for multicurrency transactions, and methods to provide a timely method of payment for customers, enabling them to carry out transactions with ease, whether in store, using the app, or shopping on
The Fintech Times
JULY 16, 2024
Payment solutions provider Paycorp has expanded its embedded, pre-approved business funding offering into the United Kingdom, to meet growing demand in the region. Paycorp has launched its embedded funding offering in the UK as ‘Recap Global’ and plans to serve SMEs across all sectors, including wholesale and retail trade, restaurants and pubs, hotels, mechanics, and taxi firms.
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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 Finance
JULY 16, 2024
PayPoint today issues a warning over the risks of Unauthorised Cheque Fraud which last year cost victims in the UK £5.6 million according to the UK Finance Annual Fraud Report 2024. Despite the overall value of Unauthorised Cheque Fraud losses falling by -25% in 2023, the number of cases rose by almost a quarter (+24%) in parallel, indicating that criminals still view it a highly lucrative crime.
Basis Theory
JULY 16, 2024
Upon completing the migration to a new payment service provider (PSP), payment professionals often let out a sigh of relief. The 6-month (or longer) process of migrating all the data, flows, and processes to a new PSP finally ends with green checkmarks and live checkout flow.
Fintech Finance
JULY 16, 2024
The financial technology platform of choice for leading businesses, Adyen and Ventrata partner to power Ventrata’s market-leading booking platform with real-time data processing and unified payments through Ventrata Payments. This expanded partnership improves the ticket purchasing experience for visitors to iconic sites like the Empire State Building, which was recently named the number one attraction in the world by Tripadvisor travelers.
The Payments Association
JULY 16, 2024
Firms must navigate complex payment service regulations and the often-overlooked EBA Guidelines on Remuneration Policies to ensure compliance and foster fair customer outcomes.
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
Fintech Finance
JULY 16, 2024
Following the replacement of card terminals across the freenet retail network in Germany, Computop’s A77 Android-based mobile devices will provide a payment alternative with immediate effect. As part of its new shop concept, freenet is also introducing CloudPOS technology to integrate its solutions-oriented advice approach with the payment process. CloudPOS: ERP triggers card terminals By using CloudPOS technology, freenet’s card terminals will be controlled directly by a cloud-based server whic
The Payments Association
JULY 16, 2024
The financial struggles of UK adults highlight the vital role and challenges of community finance institutions in promoting financial inclusion.
Fintech Finance
JULY 16, 2024
Westpac is launching Dynamic Virtual Cards for institutional, corporate and government customers, enabling fast and secure ‘tap and go’ payments, giving them greater control. Westpac’s Dynamic Virtual Card can be used online as well as in-store via digital wallet tap and go transactions. Jeff Byrne, Managing Director, Global Transaction Services Westpac Institution Bank said: “Administrators can now generate virtual cards while their people are on the go, removing the need to issue physical card
Stax
JULY 16, 2024
The writing on the wall is clear. Cash payments are passé. Consumers are increasingly opting for debit and credit cards or other digital payment methods—for in-store and eCommerce purchases alike. A study by the Pew Research Centre found that in 2022, 41% of consumers didn’t use cash for weekly purchases of essentials like groceries and gas. This was a huge leap from 2018 when only 29% used cashless payments for the same.
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 16, 2024
SMEB, a financial services and payments company dedicated to supporting small business, today announces it has appointed Dickson Chu as Head of Payments. Based in London, Dickson will leverage his 10 years of experience in the payments industry to develop and deliver new payment products, such as a Multi-Service App and to drive new business growth.
The Payments Association
JULY 16, 2024
Enhancing the FCA’s complaints reporting process aims to swiftly identify consumer harm, improve regulatory compliance, and streamline operations for financial firms.
Bank Automation
JULY 16, 2024
Bank of America continued to see digital adoption grow during the second quarter while keeping up with the digital needs of clients by looking to AI. “AI has moved from cost savings ideas to enhancing the quality of our customer interactions,” Chief Executive Brian Moynihan said during today’s second-quarter earnings call.
The Payments Association
JULY 16, 2024
CEOs discuss top challenges and priorities in a Payments Lab roundtable, focusing on technology, fraud prevention, and regulatory compliance.
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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