Thu.Sep 19, 2024

article thumbnail

Who really pays for your credit card reward points?

Payments Dive

"While rewards may feel like a bonus for those who use credit cards regularly, they ultimately come at a cost," writes one payments executive.

article thumbnail

Walmart to offer instant bank payments

Finextra

Walmart is teaming up with Fiserv to let online shoppers pay directly, and instantly, from their bank accounts.

Payments 138
article thumbnail

Credit Card Competition bill backers keep pressure on

Payments Dive

Republican Sen. Roger Marshall has a new ad pitching the Credit Card Competition Act proposal aimed at dislodging Visa and Mastercard’s dominance.

article thumbnail

HSBC pilots quantum-safe technology for digital gold

Finextra

HSBC has successfully trialled the first application of quantum-secure technology for buying and selling tokenised physical gold.

article thumbnail

Breaking The Commerce Bottleneck: Your SAP Exit Plan Starts Now

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.

article thumbnail

WeLab Eyes Third Virtual Bank, Applies for Thai License with Lightnet

Fintech News

Thailand’s Lightnet and Hong Kong-based fintech unicorn WeLab have teamed up to apply for a virtual bank license in Thailand. The aim is to enhance financial access for underserved retail customers and small businesses. Lightnet, co-founded by Chatchaval Jiaravanon and Lightnet Group, has a strong local presence, reaching 46 million Thai customers across sectors like agriculture, F&B, and e-commerce.

article thumbnail

Starling warns of rise in voice cloning scams

Finextra

Voice cloning scams – where fraudsters use AI technology to replicate the voice of a friend or family member – could be set to catch millions out, according to new research from Starling Bank.

Scams 122

More Trending

article thumbnail

Lightnet and WeLab to build virtual bank in Thailand

Finextra

Lighthub Asset, a Thai fintech powerhouse, and WeLab, a leading pan-Asian fintech platform, today announced that they have submitted an application for a Virtual Banking licence with the Bank of Thailand (BOT).

Bots 102
article thumbnail

Crypto.com Secures PSP Licence in Bahrain, Expanding Payment Services Across the Region

The Fintech Times

Crypto.com has secured full approval from the Central Bank of Bahrain to operate as a payment service provider (PSP) through its local subsidiary. This approval enables Crypto.com to expand its payment services in the region, including e-money offerings as well as the introduction of its prepaid cards. Bahrain’s Minister of Sustainable Development, H.E.

article thumbnail

MSB and TerraPay Collaborate to Simplify and Enhance Cross-Border Money Transfers

Fintech Finance

Vietnam Maritime Commercial Joint Stock Bank (HoSE: MSB) has signed a strategic cooperation agreement with TerraPay , a global money movement company. This collaboration will bring digital payment solutions and data capabilities to help MSB enhance efficiency and offer the best payment service experience to customers by bringing down costs and reducing transaction times.

article thumbnail

Reliant pushes back against CFPB lawsuit

Payments Dive

The card services company argued Wednesday that it has always been upfront with customers about fees, and was blindsided by the CFPB's legal action.

CFPB 88
article thumbnail

From Start to Scale: Driving Growth Through Seamless Payments Implementation

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

article thumbnail

dLocal Partners with MoneyGram to Expand Leading International Payment Services in High-Growth Markets

Fintech Finance

dLocal, the leading cross-border payment platform specializing in emerging markets, today announced a strategic partnership with MoneyGram, a leading global financial technology company that connects the world’s communities. The partnership will help MoneyGram continue to expand its high-demand services into new markets across APAC & EMEA, with future expansion plans for LATAM, further enhancing the company’s digital receive capabilities.

article thumbnail

Latham & Watkins launches markets in crypto-assets regulation tracker

The Payments Association

Latham & Watkins has launched the Markets in Crypto-Assets Regulation Tracker, an online tool providing crypto businesses with up-to-date information on navigating the evolving MiCA regulatory framework.

article thumbnail

Contactless Transactions Take the Lead in Canada’s In-Store Purchases

Fintech Finance

The number of contactless payments in Canada increased by 17% in 2023 to reach 63% of all in-store payments, according to the recently released Canadian Payments Forecast, 2024, published by Technology Strategies International Inc. The value of contactless payments increased by more than $80 bn over the year representing a year-on-year growth of 20%.

article thumbnail

Navigating the new SEPA regulatory changes: What every financial institution needs to know

The Payments Association

In today’s fast-paced financial environment, staying ahead of regulatory changes isn’t just important—it’s essential. As the Single Euro Payments Area (SEPA) introduces a series of new regulations, financial institutions across Europe must be prepared to adapt. These changes, aimed at increasing transparency,security, and efficiency in cross-border payments, will have far-reaching impacts on your operations.

article thumbnail

From Rigid To Resilient: Why Enterprises Need Modular Commerce Now

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.

article thumbnail

Enercare Chooses Stripe as Its Strategic Payments Partner

Fintech Finance

Stripe , a financial infrastructure platform for businesses, has announced that it has been selected by Canadian home and commercial services leader, Enercare , to power its online payments experience. As one of Canada’s largest home services providers, Enercare provides heating, cooling, water heating, plumbing, electrical, and water purification products and services to customers across Canada.

article thumbnail

What is the Quote to Cash Process and How Do You Implement It?

Stax

Lead generation involves varied relentless efforts that include content marketing, email outreach, digital ads, cold calls, and more to convince and nurture potential customers. However, without a structured process to guide leads through the sales funnel, you can lose out on valuable sales opportunities to your competitors. Fortunately, this is where quote-to-cash comes in.

Process 88
article thumbnail

Limited Payment Choices Drive Away One-Third of Hotel Guests, Shows Adyen Research

Fintech Finance

New research published today by Adyen , the global financial technology platform of choice for leading businesses, has uncovered the importance of a frictionless payment experience for hotel customers, with over a third (37%) of consumers admitting to have left the booking process because they haven’t been able to pay the way they would like. The findings published in Adyen’s first Global Hospitality Report, suggest the payment experience could be impacting hotel revenues.

article thumbnail

TD Bank names Chun as CEO

Bank Automation

TD Bank named Raymond Chun its incoming chief executive today after current CEO Bharat Masrani announced plans to retire in April. Chun, who serves as the bank’s group head of Canadian personal banking, will become chief operating officer Nov. 1 as he plans to step up as CEO on April 10, Masrani said today during […] The post TD Bank names Chun as CEO appeared first on Bank Automation News.

NOV 85
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

HSBC Pilots Quantum-Safe Technology for Tokenised Gold

Fintech Finance

HSBC announced today that it has successfully trialled the first application of quantum-secure technology for buying and selling tokenised physical gold. This achievement marks the latest step by HSBC in pioneering the protection of critical applications from potential future quantum computing attacks. Last year, HSBC was the first global bank to offer tokenised physical gold to institutional investors using distributed ledger technology (DLT).

article thumbnail

Why agile processes and technology are essential to revolutionise lending

Finextra

Agile technology can help financial services organisations streamline backend operations and quickly.

article thumbnail

SMEs ‘one of the biggest winners’ of open banking

Bank Automation

Open banking regulation set to finalize this fall will boost small- and medium-sized-enterprise access to financial services, experts said this week in the Bank Automation News webinar, “The future of open banking – Payments meet data.” “I see SMEs as one of the biggest winners from an open banking, open finance perspective,” Michelle Beyo, chief […] The post SMEs ‘one of the biggest winners’ of open banking appeared first on Bank Automation News.

article thumbnail

Brex rolls out embedded payments tool

Payments Dive

The fintech aims to capture a larger share of the B2B payments market, working with partners in addition to selling directly, Brex's president said.

article thumbnail

The Evolving Retailers Fulfillment Strategy: Meeting Demands with Agility

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

article thumbnail

Sumsub integrates with Sygna to augment VASP communication

The Paypers

Sumsub has integrated its Travel Rule solution with the Sygna Travel Rule protocol to allow crypto and fintech clients to communicate with VASPs in the Sygna ecosystem.

article thumbnail

Affirm CEO stakes out differences with Klarna

Payments Dive

Affirm makes money off transactions, whereas Klarna has revenue from marketing, Affirm CEO Max Levchin contended.

article thumbnail

MercadoLibre secures USD 250 million financing from JP Morgan

The Paypers

MercadoLibre has announced the rise of USD 250 million in financing from JPMorgan , aimed at expanding its fintech credit profile in the region of Mexico.

Finance 77
article thumbnail

Deutsche Bank to close branches in favour of video advice

Finextra

Deutsche Bank is to shutter a “mid-double-digit number” of branches while investing in telephone and video channels for providing personal advisory services to customers.

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

MoneyGram partners with dLocal

The Paypers

Cross-border payment platform focusing on emerging markets dLocal has partnered with global financial technology company MoneyGram.

article thumbnail

Visa and dtcpay team on crypto-to-fiat card

Finextra

Singapore's dtcpay is teaming up with Visa on a card that enables ultra high net worth individuals to convert their digital currencies such as stablecoins into fiat at real-time rates.

article thumbnail

Old Second National Bank teams up with Newgen

The Paypers

Newgen Software , a worldwide AI-driven digital transformation solutions provider, has announced its collaboration with Old Second National Bank.

AI 69
article thumbnail

NAB extends cloud deal with AWS

Finextra

NAB has extended its long-term agreement with Amazon Web Services (AWS) as part of its multi-cloud strategy that continues to bolster the bank’s technology capability to improve customer experiences.

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