Mon.Oct 07, 2024

article thumbnail

Coffee with the Council Podcast: Meet the Council’s New Head of Product and Technology

PCI Security Standards

Welcome to our podcast series, Coffee with the Council. I'm Alicia Malone, Senior Manager of Public Relations for the PCI Security Standards Council. Today we'll meet one of the Council's newest employees, our Head of Product and Technology, Deanne Zettler. Deanne comes to the PCI SSC with more than 25 years of experience leading product and technology strategies, solutions and operations in financial services, including stops at Discover Financial Services and Silicon Valley Bank.

Product 109
article thumbnail

dtcpay Enables Crypto and Stablecoin Payments at Capella Hotels

Fintech News

Capella Hotel Group has partnered with digital payment provider dtcpay to allow guests to pay using Digital Payment Tokens (DPTs). This option is now available at Capella Singapore and Patina Maldives, Fari Islands, where guests can settle their room bookings and other expenses with tokens like WUSD, USDT, USDC, Bitcoin, and Ethereum. At Capella Singapore, guests can complete transactions by scanning a QR code at the front desk using their digital wallets with the supported DPTs, while Patina Ma

article thumbnail

Fiserv teams with Canadian company on open banking

Payments Dive

Fiserv has allowed Zūm Rails to use its embedded finance system to bring open banking and instant payments to Fiserv’s U.S. business customers.

article thumbnail

Bank of America, JPMorgan invest in branch networks

Bank Automation

Some financial institutions are decreasing their branch footprint as bank clients increasingly adopt digital offerings while Bank of America and JPMorgan are investing in their branch capabilities to meet evolving client needs. The case for expanding branch networks lies in evolving customer preferences, the role of the branch and tailored solutions, Joe Myers, executive vice […] The post Bank of America, JPMorgan invest in branch networks appeared first on Bank Automation News.

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

Temenos Names Barb Morgan as Chief Product and Technology Officer

Fintech News

Banking software provider Temenos has named Barb Morgan as its new Chief Product and Technology Officer, effective immediately. She succeeds Prema Varadhan , who is leaving Temenos after 25 years. She will report to CEO Jean-Pierre Brulard and join the company’s Executive Committee, leading its technology and product divisions. Morgan brings over 25 years of experience in product development, with a focus on banking and financial services and expertise in AI technologies.

Product 116
article thumbnail

Real-time payments to make uneven progress, report predicts

Payments Dive

The number of banks receiving real-time payments will outpace the number of those sending payments through at least 2028, according to a new survey by the U.S. Faster Payments Council.

More Trending

article thumbnail

Ecommerce fraud to exceed $100bn by 2029

Finextra

The value of ecommerce fraud is set to rise threefold in the next five years, thanks to the impact of AI.

AI 121
article thumbnail

GXS Bank Rolls Out Credit Card with Flat Fees Instead of Compounding Interest

Fintech News

Digital bank GXS has launched the GXS FlexiCard , a credit card that charges flat fees on outstanding balances rather than traditional revolving interest. This card is designed for consumers who may struggle to access credit products due to being new to credit or having limited credit history, such as new professionals, gig workers, and entrepreneurs, offering a credit limit of S$500.

article thumbnail

The Long Term Impact of COVID on the Payments Market

Clearly Payments

The COVID-19 pandemic has reshaped industries and economies worldwide. Among the sectors affected is the payment processing industry , which has undergone rapid transformation in response to the unprecedented challenges posed by the pandemic. As of 2024, it is clear that the changes initiated during the pandemic are not just temporary adjustments but enduring shifts that continue to define the industry’s trajectory.

article thumbnail

StraitsX’s XSGD Expands Reach with Bitstamp Listing

Fintech News

StraitsX, a digital asset payments infrastructure provider in Southeast Asia, announced that crypto exchange Bitstamp has added XSGD to its platform. XSGD is a stablecoin pegged to the Singapore dollar, issued by StraitsX. This listing increases the accessibility of XSGD for international transactions, potentially leading to faster settlement times and lower costs for users.

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

article thumbnail

Daemon: 60% of Brits Prefer to Use Traditional Checkouts With a Cashier, and 57% Frustrated With Long Response Times From Online Customer Service, New Research Finds

Fintech Finance

New data from digital transformation consultancy Daemon reveals that over half (60%) of Brits still prefer a traditional checkout with a cashier when shopping in-store. This figure climbs to 71% among Baby Boomers, compared to just 59% of Millennials and 46% of GenZ. Interestingly, 56% of GenZ favour service assisted checkouts, a preference that declines with age, with only 51% of Millennials and 40% of Baby Boomers opting for this method.

article thumbnail

Singapore, Hong Kong Merchants Gain JCB Acceptance Through Nuvei

Fintech News

Japan’s JCB International has expanded its partnership with Canadian payments firm Nuvei. This enables businesses in Singapore and Hong Kong to accept JCB credit and debit card payments through Nuvei’s platform. The partnership allows merchants integrated with Nuvei to accept payments from JCB’s 158 million cardholders. This expansion builds on their existing collaboration in Europe and strengthens Nuvei’s presence in the Asia-Pacific e-commerce market.

article thumbnail

How Hugo Boss, Prada provide bespoke service with payments

Payments Dive

These retailers have focused on innovative ways to create tailored services that align with their overall luxury shopping experience.

article thumbnail

Which Aspect of VC Fintech Funding is Rising?

Finovate

We all know that the VC investment scene is nothing like it was in 2021 and early 2022. With Q3 of 2024 behind us, we now know that fintech is still experiencing a funding downturn. In fact, both deal numbers and funding totals are down from Q2 of this year, with 179 fewer deals and $2.4 billion less in funding volume. While the drop is sobering, however, there are a few bright lights in recent funding data that may signal the potential start of a positive turnaround.

FinTech 75
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

Meta teams up with UK banks to mitigate scams

The Paypers

US-based multinational technology corporation Meta has expanded its information-sharing partnership with banks across the UK to safeguard individuals against fraud and scams.

Scams 76
article thumbnail

CeFPro: Are Financial Institutions Prepared for Supplier Risks? New Survey Uncovers Critical Gaps

Fintech Finance

A new global report has revealed significant gaps in supplier management practices among financial institutions. The Supplier Stability in Operational Resilience Report highlights that over 32% of the organisations surveyed are unclear about who is responsible for mitigating the risks of supplier failure, service deterioration, and concentration risk for Software as a Service (SaaS) solutions.

Risk 96
article thumbnail

American Express Middle East partners with Telr

The Paypers

American Express Middle East has announced its partnership with Telr in order to expand its acceptance on the latter’s merchant network in the MENA region.

76
article thumbnail

Almost All Banks Rule Out Guaranteed Full Refunds for APP Fraud Losses

Fintech Finance

New fraud protections have come into effect today (7th October), and the personal finance comparison site Finder has revealed that only 4 out of 21 major banks have decided to definitely cover the first £100 of any APP (authorised push payment) fraud. APP fraud is when a fraudster tricks you into sending money from your account to an account that they control, for example by selling items online that don’t exist or pretending to be from your bank.

Rules 94
article thumbnail

Loyalty 101: How To Turn Browsers Into Buyers For Lasting Engagement

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.

article thumbnail

Google partners with Muthoot Finance to boost its credit play

The Paypers

Google has partnered with Muthoot Finance in order to expand its reach in the Indian market and boost its credit play for customers in the region.

Finance 81
article thumbnail

Chimney Joins the Jack Henry Digital Banking Platform

Finovate

Property data innovator Chimney announced a new collaboration with digital banking solutions provider Jack Henry. The collaboration will make Chimney’s product suite available on Jack Henry’s digital banking platform. Chimney won Best of Show at FinovateFall 2023 in New York. Previously known as Signal Intent, the company also won Best of Show at our online FinovateSpring conference in 2021.

article thumbnail

Global banks set to use Swift for testing live transactions in 2025

The Paypers

Central and commercial banks have revealed that they will be able to use the Swift network for trial transactions related to digital currencies and assets.

SWIFT 74
article thumbnail

TrueLayer Lands $50 Million to Grow Pay-by-Bank

Finovate

TrueLayer secured an additional $50 million in funding, bringing its Series E round total to $180 million. TrueLayer’s valuation has dropped to $700 million from its peak of $1 billion in 2021. Despite the downround, TrueLayer remains optimistic about its future, stating its intentions to work toward profitability. Open banking platform TrueLayer is proving that it is not just AI companies that are receiving VC investor attention.

article thumbnail

Enhance Customer Value: Unleash Your Data’s Potential

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.

article thumbnail

XYB partners IBM to modernise core banking

Finextra

XYB, the leading Coreless Banking Platform business, has announced its plans to help banks modernise their core systems. XYB is working with global tech leader IBM to provide technologies and consulting expertise that can help financial services organisations address the growing requirements for core modernisation initiatives.

article thumbnail

Fintech Rundown: A Rapid Review of Weekly News

Finovate

As October gets underway in earnest, Finovate’s Fintech Rundown shares news of expedited payments to help those impacted by hurricane Helene, another partnership to help new Canadians secure credit, as well as a major investment in cross-border payments and a big acquisition in the fraud prevention space. Be sure to check back all week long for more fintech news and updates!

FinTech 59
article thumbnail

Zepz raises USD 267 million to expand in African markets

The Paypers

Zepz , formerly known as WorldRemit, has secured USD 267 million from both new and existing investors to support its expansion in some African markets.

article thumbnail

Worldline bolsters merchant services business

Finextra

Worldline [Euronext : WLN], a global leader in payment services, announces the appointment of Paul Marriott-Clarke as Head of Merchant Services business, effective 7 October 2024.

article thumbnail

Top Strategies to Future-Proof & Sustain Your Merchant Services Portfolio

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.

article thumbnail

UK banks to impose four-day hold on suspicious transactions

The Paypers

Banks across the UK have been granted the ability to delay payments for up to four days, allowing them to have more time to investigate fraudulent transactions.

article thumbnail

New Bank of Bahrain Investment Product Pairs Bitcoin Growth Potential With Capital Security

The Fintech Times

In a move to offer accredited investors the ability to capitalise on Bitcoin’s long-term growth while ensuring capital preservation, the National Bank of Bahrain (NBB) has launched a new Bitcoin-linked investment product, developed in partnership with digital asset financial services firm ARP Digital. During an unveiling at Fintech Forward 2024, an industry fintech event held in Riyadh, Saudi Arabia, the National Bank of Bahrain revealed that through its new Bitcoin-linked structured product, ac

Bitcoin 52
article thumbnail

Visa unveils platform for banks to issue stablecoins and tokens

The Paypers

Visa has decided to launch a new platform for banks to issue fiat-backed tokens, including stablecoins and tokenized deposits.

article thumbnail

Intelligence Fabric Layer Introduced by Backbase to Make Integrating AI Into Banks Easy

The Fintech Times

Artificial intelligence (AI) can help accelerate banks’ productivity however it can be challenging to integrate. Looking to make this process more seamless, Backbase , the engagement banking platform, has introduced its Intelligence Fabric layer. Intelligence Fabric will allow banks to embed a powerful set of data and AI infrastructure and development into their platforms.

AI 52
article thumbnail

Deliver Mission Critical Insights in Real Time with Data & Analytics

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.