Payments Dive

OCTOBER 10, 2024

Gov. Kathy Hochul signed a new law Wednesday requiring merchants to use a gun code, saying it could help prevent mass shootings.

Laws 179

Laws 179

Fintech News

OCTOBER 10, 2024

Vietnam’s digital economy is rapidly expanding, reaching a value of US$30 billion in 2023 and projected to increase by 20% to hit US$43 billion by 2025. T his growth is fueled by technology adoption across businesses, the rise of key sectors including fintech, as well as rising middle-class incomes, a new report by Acclime Vietnam, a professional services provider from Ho Chi Minh City, says.

Economy 126

Economy Online and Mobile Banking Governance Government 126

Finextra

OCTOBER 10, 2024

TD Bank has agreed to pay $3 billion in penalties after pleading guilty to violating US anti-money laundering federal laws.

Money Laundering 116

Money Laundering Laws 116

Fintech News

OCTOBER 10, 2024

Fintech Alliance.PH announced that it will be joining the Singapore Fintech Festival 2024 to showcase its digital finance innovations. The event, one of the largest fintech gatherings globally, will be held from 6 to 8 November 2024, at the Singapore EXPO. Last year, Singapore Fintech Festival gathered 66,000 participants from 150 countries, and an even larger audience is expected this year.

FinTech 123

FinTech Central Bank Agreements Finance 123

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.

AI

Clearly Payments

OCTOBER 10, 2024

Loyalty programs have become an integral part of shopping, offering businesses a way to build stronger customer relationships, increase retention, and drive sales. Loyalty programs can boost overall revenue for merchants by 5 to 10%. In payment processing, loyalty programs also play an important role, enhancing the transaction experience for both merchants and consumers.

Processors 105

Processors Payments Credit Cards Point-of-Sale (POS) 105

Fintech News

OCTOBER 10, 2024

The banking landscape in India has undergone a major transformation, driven by significant investments in digital infrastructure and innovations by both incumbents banks and new fintech entrants, a new analysis by the Digital Fifth, a fintech consulting and advisory firm in India, says. This dynamic ecosystem is supported by regulatory advancements and collaborative partnerships, which are expected to continue fostering innovation and growth in the sector.

Payment APIs and Integration 123

Payment APIs and Integration Innovation Push-to-Card API 123

Fintech News

OCTOBER 10, 2024

HSBC is evaluating a cost-cutting strategy that could save up to US$300 million by streamlining senior management, according to a report by the Financial Times on Thursday. The plan comes as the bank explores the merger of its commercial and investment banking units, a move expected to eliminate some top management roles, the FT reported, citing unnamed sources familiar with the matter.

Adjustments 113

Adjustments Continuity FinTech Posting 113

Fintech Finance

OCTOBER 10, 2024

Chetwood Financial, the fully authorised UK digital bank, has today announced it is rebranding as Chetwood Bank, marking a new chapter in its mission to provide simple, effective financial products with a no nonsense approach to banking. The rebrand coincides with the launch of a new Easy Access savings account, which combines competitive rates with flexibility and convenience.

Accounts 98

Accounts Product Finance Security 98

Finextra

OCTOBER 10, 2024

The Technology Working Group – chaired by Michelle Scrimgeour and supported by the Investment Association – has today published its third and final report: Intelligent Investment: AI Deployment Strategies for UK Investment Management Firms.

AI 90

AI Technology 90

Fintech Finance

OCTOBER 10, 2024

Alipay+ , Ant International’s cross-border mobile payment and digitalization solution, revealed three trends shaping the future of tourism to the benefit of global merchants and the industry. “Tourism’s importance to economic growth makes it essential for the industry to pursue innovation and new partnerships so that more people can benefit,” said Douglas Feagin, President of Ant International.

Cross-Border 98

Cross-Border Transactions Digital Payments Technology 98

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

Payments

Basis Theory

OCTOBER 10, 2024

Chargebacks damage budgets and reputations. Merchants need to have a plan to reduce chargebacks.

Payments 88

Payments 88

Fintech Finance

OCTOBER 10, 2024

tbi bank is taking a key step in its technological development by opening its own technology hub, tbi tech, in Türkiye. With this strategic move, the bank aims to not only accelerate the development and integration of innovative services into its products, but also expand its access to international talent. The hub’s HQ is in Istanbul, while most innovations come from its Research and Development (R&D) office at Zafer Technopark in Usak.

Technology 95

Technology Innovation Research Product 95

The Fintech Times

OCTOBER 10, 2024

Payments giant Mastercard has revealed that South Africa is becoming the first market to benefit from the security and speed of real-time card payments. Mastercard plans to enable acquiring banks in South Africa to process real-time card payments , through a variety of strategic partnerships and enhancements to its network. Instant and secure payments can act as a multiplier to help businesses and economies thrive and grow.

Visa 84

Visa Acquirers Settlement Payments 84

Finextra

OCTOBER 10, 2024

Citi is working with Mastercard to enable clients to make real-time cross-border payments to debit cards.

Cross-Border 83

Cross-Border Debit Card Cross-Border Payments Visa 83

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.

B2C

The Paypers

OCTOBER 10, 2024

Stripe has announced its partnership with NVIDIA in order to optimise its AI-powered capabilities and expand worldwide access to the latter’s AI platform.

AI 78

AI 78

Finextra

OCTOBER 10, 2024

Former UBS chief executive Ralph Hamers has become an external senior advisor for Arta Finance, an AI-based digital wealth management startup founded by former Google executives.

AI 75

AI Finance Advisors 75

The Paypers

OCTOBER 10, 2024

Aeropay has announced its partnership with Worldpay in order to optimise gaming payments for operators and players in the region of the US.

Payments 77

Payments 77

Finextra

OCTOBER 10, 2024

Monzo is offering employees the opportunity to sell part of their stakes in the digital bank through a secondary sale that sees its valuation hit £4.5 billion, according to Sky New.

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The Paypers

OCTOBER 10, 2024

Digital payments provider Network International has announced the launch of a series of in-person payment services in Kenya, aiming to boost commerce in the region.

Payments 69

Payments Digital Payments 69

Finextra

OCTOBER 10, 2024

Revolut is to provide business merchants in the UK with the ability to accept American Express cards, unlocking access to higher spending, premium customers and supporting further growth of the card scheme's network in the UK.

Payments 69

Payments 69

The Paypers

OCTOBER 10, 2024

Telecom provider Ooredoo has entered into a strategic partnership with Qatar Islamic Bank (QIB) to introduce an AutoPay service via the QIB Mobile App.

Payment Solutions 68

Payment Solutions Payments 68

Finextra

OCTOBER 10, 2024

London-based account-to-account payments provider Banked has gained a foothold in the Australian market through the acquisition of local player Waave. Financial terms were not disclosed.

Payments 64

Payments Accounts 64

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

Product

The Paypers

OCTOBER 10, 2024

Cogo , a green fintech company, has expanded its partnership with Tandem , the UK’s environmentally focused digital bank.

FinTech 68

FinTech 68

Finextra

OCTOBER 10, 2024

Alipay+, Ant International’s cross-border mobile payment and digitalization solution, revealed three trends shaping the future of tourism to the benefit of global merchants and the industry.

Cross-Border 64

Cross-Border Transactions Mobile Payments Payments 64

Electronic Payments Coalition

OCTOBER 10, 2024

Today, the Electronic Payments Coalition (EPC) released its 2024 Q3 Data Dashboard, highlighting the emerging trends within the credit and debit markets. The post EPC Q3 2024 Data Dashboard appeared first on Electronic Payments Coalition.

Posting 64

Posting Payments 64

Finextra

OCTOBER 10, 2024

The FCA has fined TSB Bank £10,910,500 for failing to ensure customers who were in arrears were treated fairly.

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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.

Payments

EBizCharge

OCTOBER 10, 2024

EBizCharge is thrilled to be named the Best Embedded Payments Solution in the 2024 PayTech Awards USA. The PayTech Awards USA recognizes excellence and innovation in the banking, financial technology, and payment sectors. These awards celebrate outstanding achievements across various categories, including projects, products, services, individuals, and teams.

Embedded Payments 59

Embedded Payments Payment Solutions CRM Payment Gateways 59

Finextra

OCTOBER 10, 2024

Fraudulent activities within the financial services sector have escalated into a significant concern.

Fraud Detection 59

Fraud Detection Risk Management Risk AI 59

Bank Automation

OCTOBER 10, 2024

Toronto-Dominion Bank will plead guilty to money-laundering charges, a US Department of Justice prosecutor said in a Newark, New Jersey, courtroom on Thursday. Two of the bank’s US subsidiary units intend to enter guilty pleas, the prosecutor said during a hearing before a US District judge. The charges include failing to maintain an adequate anti-money […] The post TD will plead guilty to money-laundering charges in NJ court appeared first on Bank Automation News.

Money Laundering 59

Money Laundering Automation Posting AML 59

Finovate

OCTOBER 10, 2024

Digital bank Pockit has acquired multi-currency account provider Monese. Pockit plans to continue operating both brands separately while combining efforts to process $6.52 billion (£5 billion) in annual transactions. Monese’s B2B arm, XYB, will be spun off as a standalone business, and Monese’s 100 employees will join Pockit. U.K.-based digital bank Pockit announced that it has acquired multi-currency account provider Monese.

Acquirers 59

Acquirers Multi-Currency Debit Card Accounts 59

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

Best Practices