Payments Dive
NOVEMBER 5, 2024
“It's going to be up to us to move instant payments from being novel to being normal,” Federal Reserve Financial Services’ chief payments executive told attendees at a major industry conference last week.
Basis Theory
NOVEMBER 12, 2024
Historically, data security has been treated as featureless and burdensome—but a necessary expense incurred by organizations. Tokenization, however, has reframed the conversation, leading to an explosion in its usage. Today, we can tokenize anything from credit card primary account numbers (PAN) to one-time debit card transactions or social security numbers.
Fintech News
NOVEMBER 21, 2024
India is advancing efforts to establish cross-border payment linkages with multiple countries, as reported by Bloomberg, citing an official from the Reserve Bank of India (RBI). T Rabi Sankar Deputy Governor T. Rabi Sankar, speaking at a conference in the Philippines, highlighted ongoing discussions with nations like the UAE and other regional neighbors to broaden this network.
Fintech Finance
NOVEMBER 18, 2024
The current cross-border payment system imposes high costs on businesses and economies worldwide, stifling economic potential and limiting financial inclusivity. Global corporations move $23.5 trillion across countries annually—around a quarter of global GDP—at an estimated cost of $120 billion in transaction fees annually. Any improvement in the efficiency of cross-border transactions would, therefore, lead to considerable benefits for businesses and individuals globally.
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 Review
NOVEMBER 20, 2024
In this exclusive Fintech Review interview, Adam Swartzbaugh, CEO of Almond FinTech , discusses transformative cross-border payment technology. Almond’s blockchain-driven Settlement Optimization Engine (SOE) addresses critical speed, transparency, and cost challenges in cross-border payments. The SOE optimises transaction routes and provides near-instantaneous settlement for financial institutions globally.
Clearly Payments
NOVEMBER 13, 2024
In payment processing, one component of the payment processing tech stack involving credit or debit cards is the Bank Identification Number or BIN. Although BINs play a critical role in how payments are processed and authenticated, they often go unnoticed by the average consumer or merchant. For payment processors and financial institutions, however, understanding BINs is essential for smooth transaction processing, security, and even risk management.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
The Payments Association
NOVEMBER 21, 2024
Paydock, a leading eCommerce payment orchestration platform, has announced a strategic partnership with Aevi, a pioneer in card-present payment orchestration, to deliver a true omnichannel payment orchestration offering for financial institutions, merchants and ISVs. This partnership unites Paydock’s expertise and agnostic infrastructure in digital payments with Aevi’s advanced in-store payment solutions.
Fintech News
NOVEMBER 27, 2024
Deutsche Bank has joined the extended Series B funding round for blockchain-based fintech firm Partior , bringing the total raised to US$80 million and marking the close of the round. The Series B initially secured US$60 million in July 2024, led by Peak XV Partners, with participation from J.P. Morgan, Jump Trading Group, Standard Chartered, Temasek, and Valor Capital Group.
Fintech Finance
NOVEMBER 29, 2024
The European Central Bank (ECB) and Norges Bank signed an agreement for Norway to join the Eurosystem’s TARGET Instant Payment Settlement (TIPS) service. This will make the Norwegian krone the fourth currency available for settlement in TIPS, in addition to the euro, the Swedish krona and the Danish krone, which is scheduled to join in April 2025. The inclusion of the Norwegian krone in TIPS, which is part of the Eurosystem’s TARGET Services, is planned for the first half of 2028 and will enable
Fintech Review
NOVEMBER 27, 2024
Small and medium enterprises (SMEs) are the backbone of emerging economies. In many regions, they create jobs, drive innovation, and stimulate local economies. Yet, they often face financial challenges, struggling to access credit, manage cash flow, and navigate complex financial systems. Fintech solutions are changing this landscape, offering SMEs tailored tools to overcome these barriers.
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
Clearly Payments
NOVEMBER 6, 2024
The payment processing market in the United States has demonstrated robust growth, driven by rising consumer demand for digital payments, advancements in financial technology, and the expansion of e-commerce. This report provides a comprehensive analysis of the U.S. payment processing landscape, covering market size, merchant demographics, transaction volumes, major players, and key trends shaping the industry.
The Fintech Times
NOVEMBER 6, 2024
Singapore FinTech Festival returned for its ninth annual edition, bringing together policy, finance and technology communities at the Singapore EXPO. As expected, innovations and announcements were rife throughout, here’s a roundup of all the news coming out of the global event. Organised by the Monetary Authority of Singapore (MAS), Global Finance & Technology Network (GFTN) and Constellar , in collaboration with The Association of Banks in Singapore , Singapore FinTech Festival 2024
The Payments Association
NOVEMBER 18, 2024
What is this article about? How fintechs are challenging traditional banks in the merchant services space, posing a threat to banks’ core business and revenue streams. Why is it important? The shift driven by fintechs could erode banks’ dominance, forcing them to modernise or risk losing a significant share of the market. What’s next?
Fintech News
NOVEMBER 5, 2024
Ingenico, a French merchant services tech company, has partnered with Crypto.com to enable crypto payments for millions of merchants worldwide. This plug-and-play collaboration will allow consumers to pay with crypto at Ingenico terminals, while merchants can seamlessly receive settlements in their local currency, eliminating currency risk. The partnership leverages Ingenico’s new merchant wallet, connected to AXIUM Android terminals, designed to simplify the integration of crypto payments
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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
NOVEMBER 13, 2024
Blink Payment , a UK paytech platform that offers businesses seamless digital payment solutions, today announces its entry into B2B fashion payments through integration with ERP Zedonk , in a move that will enable more than 1,000 leading fashion brands and showrooms to streamline their buyer payments. Zedonk currently services over 1,000 brands and showrooms across 45 countries, many of whom distribute their products to individual retailers.
Stax
NOVEMBER 21, 2024
Whether you are starting a new online store or looking to grow your existing brick-and-mortar small business, you must make provisions for accepting credit card payments. A study by the Federal Reserve Bank of San Francisco showed that credit cards account for 31% of all payments, significantly more than cash at 18%, and debit cards at 29%. There is no way around it: credit cards are an essential part of the everyday life of your customers and you will only lose customers if you aren’t ready for
TechCrunch Fintech
NOVEMBER 6, 2024
The Federal Trade Commission (FTC) announced on Tuesday it will be taking action against the online cash app and neobank Dave, which it says used “misleading marketing to deceive consumers.” At issue is how Dave marketed $500 cash advances to consumers that it rarely offered, and the “Express Fee” it charged if customers wanted their […] © 2024 TechCrunch.
The Fintech Times
NOVEMBER 12, 2024
The mastermind behind the accelerator programme Base Camp, Outlier Ventures , the Web3 accelerator, has announced that Bando , Berry Investing , Fact Finance , Loula and IDENTI will be taking part in its Latin America (LatAm) edition. The LatAm Base Camp is an inaugural accelerator programme dedicated to partnering with Web3 startups in Latin America.
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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.
The Payments Association
NOVEMBER 12, 2024
What is this article about? Whether financial institutions should build or buy financial crime management systems. Why is it important? The choice affects compliance, efficiency, and fraud prevention capabilities. What’s next? Institutions may lean toward hybrid solutions to balance customisation with vendor support. As Financial crime grows increasingly complex, payment leaders face a critical choice: build an in-house financial crime management (FCM) solution or buy an established third-
Fintech News
NOVEMBER 10, 2024
The payment ecosystem is grappling with a rapidly evolving fraud landscape, characterized by a sharp rise in purchase return authorization (PRA) attacks, increasingly sophisticated ransomware schemes and the growing misuse of artificial intelligence (AI) by cybercriminals, a new report by Visa Payment Fraud Disruption (PFD) says. The State of Scams: Fall 2024 Biannual Threats Report, released end of October, highlights emerging threats and scams targeting the payment ecosystem, emphasizing the h
Fintech Finance
NOVEMBER 26, 2024
Tranglo, a leading cross-border payment hub, has expanded its footprint in Africa, now supporting payouts in Ethiopia, Kenya, Liberia, Madagascar, Mali, Senegal, and Zambia. This strategic expansion aims to boost financial inclusion by providing efficient, affordable cross-border payment solutions to one of the world’s fastest-growing economic regions.
Finovate
NOVEMBER 1, 2024
This week’s edition of Finovate Global features news from the fintech industry in Nigeria. Africa’s newest fintech unicorn raises $110 million African fintech Moniepoint is the continent’s latest fintech unicorn. The firm, Nigeria’s largest merchant acquirer, announced this week that it has raised $110 million in a funding round led by private equity firm Development Partners International (DPI).
Speaker: David Nisbet, Everett Zufelt, and Michaela Weber
Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.
Stax
NOVEMBER 14, 2024
Credit card processing can be overwhelming, expensive, and confusing. And yet, accepting non-cash forms of payments is more or less required to operate a modern business, at least in the U.S. Credit, debit, and digital payments have far and away become the most popular payment method. Cash has dropped to less than 20% of all US payments in recent years.
Payments Dive
NOVEMBER 19, 2024
Executives from the card networks were on the defensive Tuesday when members of the Senate Judiciary Committee berated them over high fees merchants must pay to accept credit card payments.
The Payments Association
NOVEMBER 29, 2024
Managing fraud cases has been a top challenge for card issuers, according to recent studies. Rising operations and outsourcing costs and burgeoning fraud recovery caseloads make it especially challenging for issuers to meet chargeback deadlines and avoid cardholder write-offs. Developed years ago, legacy banking systems are ill-equipped to deal with current fraud volumes.
Fintech News
NOVEMBER 5, 2024
Chinese tech giant Tencent and Visa announced a new partnership to bring palm recognition payments to international markets at the Singapore Fintech Festival. The pilot program will begin in Singapore, allowing Visa cardholders from participating banks like DBS, OCBC, and UOB to pay with their palms at select merchants. The first location to offer this technology is Alchemist, a café in Singapore.
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
NOVEMBER 19, 2024
PayFuture , a leading global payment technology provider, has launched its operations in Pakistan, creating new opportunities for international businesses to engage with one of South Asia’s most dynamic ecommerce markets. With PayFuture’s advanced payments technology and deep regulatory knowledge, businesses can now navigate the complexities of this high-potential market with ease.
Finovate
NOVEMBER 18, 2024
Qover, an insurtech based in Brussels, Belgium, has partnered with Mastercard to provide return shipping cost protection when retailers do not offer free returns. The service is available to Mastercard credit cardholders in Belgium and Luxembourg; Qover plans to expand the service to additional European countries. Qover made its Finovate debut at FinovateEurope 2018 in London.
Stax
NOVEMBER 13, 2024
Understanding ACH credit payments means understanding the way in which different types of ACH payments are processed in the US banking system. ACH credit payments differ from ACH debit payments and both are distinct from credit and debit card payments. In this article, we will explore the differences between each type of payment along with their key features and benefits.
Payments Dive
NOVEMBER 20, 2024
After a year as CEO of the digital payments pioneer, Alex Chriss is spearheading an expanded role in commerce for the company.
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
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