January, 2025

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AI promises 2025 advances for payments industry

Payments Dive

The emerging technology will help merchants process payments faster and provide customers with more ways to pay, those who follow the payments industry say. It will also increasingly offers a defense against rising fraud.

AI 187
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X teams with Visa on new digital payments tool

Payments Dive

Billionaire Elon Musk’s social media site has forged an alliance with the card network giant to launch a new digital payments tool later this year.

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Digital payments on the rise in Europe, but cash still king at POS

Finextra

While the use of digital payments continues to rise in the euro area, cash is still responsible for more than half of all point-of-sale transactions, according to a European Central Bank study.

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Cross-Border QR Payments Now Live Between Vietnam and Laos

Fintech News

Vietnam and Laos have officially launched a new framework for settling payments in their local currencies and a cross-border QR code payment system. The initiative, announced at the 47th meeting of the Vietnam-Laos Intergovernmental Committee, aims to boost bilateral trade, investment, and tourism. Vietnamese Prime Minister Pham Minh Chinh and Lao Prime Minister Sonexay Siphandone were present at the launch.

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Future-Proofing Enterprise Commerce: Why Extensibility Wins with Shopify

Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón

Enterprise commerce is evolving fast, and brands relying on rigid, one-size-fits-all solutions risk losing agility. But modernization doesn’t have to mean disruption. In this webinar, we’ll explore how an extensible, modular approach empowers brands to integrate new capabilities, enhance performance, and scale efficiently—all while leveraging Shopify’s strengths.

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Finance AI Chatbots for Businesses

The Finance Weekly

Finance Artificial Intelligence (A)I chatbots are reshaping how businesses handle customer interactions and streamline financial operations. According to Gartner , chatbots and virtual assistants are changing the game for how businesses handle customer questions. More and more companies are turning to these tools, and by 2027, theyre expected to become the go-to option for customer service.

AI 130
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Stripe is laying off 300 people, but says it still plans to hire in 2025

TechCrunch Fintech

Fintech giant Stripe is laying off 300 people, according to a leaked memo reported on Tuesday by Business Insider. The affected employees are largely in product, engineering, and operations roles, the memo said. Despite the layoffs, Chief People Officer Rob McIntosh said that Stripe intends to still grow its headcount by 17% to land at […] 2024 TechCrunch.

FinTech 131

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Mastercard pilots Tap to Pay for ecommerce and in-app payments

NFCW

Mastercard is testing a new service that enables cardholders to simply tap their contactless bank card to their NFC smartphone in order to complete an ecommerce or other card-not-present transaction, executive vice president Jennifer Marriner has revealed. EVP: Mastercard’s Jennifer Marriner “The ease of tapping in store can be replicated in ecommerce through Tap to Pay,” Marriner explains. “If youre shopping online, you can tap your card against your phone to complete yo

Visa 119
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What 500 Businesses Told Us About Their Payment Preferences

Clearly Payments

With so many payment options available from credit cards to mobile wallets it can be hard to know which methods are the best fit for you and your customers. At Clearly Payments, we wanted to learn more about how businesses really feel about accepting payments. So, we asked 500 businesses, ranging from small startups to larger established companies, about their payment preferences.

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XTransfer Gets Green Light for Singapore Payment License

Fintech News

Cross-border payment firm XTransfer has received the Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). The license, issued on 1 January 2025, allows XTransfer to offer services such as account issuance, domestic and cross-border money transfers, flexible top-up options, and e-money issuance in Singapore. The company, founded in 2017, specialises in cross-border payment solutions tailored to small and medium-sized enterprises (SMEs).

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Commercial Banks Successfully Rebuilt Liquidity to Pre-Crisis Levels, But Challenges Remain Says Q2

The Fintech Times

Banks and credit unions need to embrace emerging technologies to ensure growth and overcome impending challenges, according to the latest report from Q2 Holdings , a digital transformation solution provider for financial services. In its State of Commercial Banking January 2025 Market Analysis report, Q2 Holdings outlines the biggest emerging trends for commercial banks, as well as the challenges and opportunities that banks and credit unions will face in the coming year.

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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

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Ramp encroaches into digital bank territory with new treasury product

TechCrunch Fintech

Over the years, Ramp has built a name for itself in the corporate card and expense management space. Its branched out into travel, bill pay, and more, while raising over $1.2 billion in venture funding. Today, the six-year-old fintech startup is announcing a different kind of expansion — one that takes it into more of […] 2024 TechCrunch.

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Introducing Adyen Uplift: The Payment Solution Optimizing Every Transaction With AI

Fintech Finance

Adyen , the global financial technology platform of choice for leading businesses, announces the launch of Adyen Uplift. The AI-powered payment optimization suite will help businesses increase payment conversion, simplify fraud management, and reduce the cost of payments. Adyens customers can utilize data-driven, tailored performance recommendations and opportunities to test different payment configurations to maximize performance.

AI 98
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STMicroelectronics simplifies NFC application development with modular reader/tag evaluation kit

NFCW

ULTRA-COMPACT: The development kit features ST’s new 4mm x 4mm ST25R200 reader/writer IC PARTNER NEWS: STMicroelectronics has introduced a modular reader/tag development kit that makes it easy for engineers to explore the potential of NFC across a wide array of industrial, consumer and medical use cases, from household appliances to games consoles, personal care devices, power tools, product authentication solutions, and more.

ISOs 109
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FloQast Achieves ISO 42001 Certification, Setting the Standard for Ethical AI in Accounting

FloQast

At FloQast, we set the bar high. Why? Aside from being how a business should be run, its also because of the accounting in our DNA: FloQast was created as a tool we wished existed when we were in the trenches, doing the work. As we continue to push the boundaries in the AI space , our AI-powered tools help accounting teams do more with lessenhancing decision-making, uncovering insights, and reducing repetitive tasks through intelligent automation.

ISOs 105
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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?

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Chainalysis Acquires AI Fraud Detection Firm Alterya

Fintech News

Blockchain analysis firm Chainalysis has acquired Alterya , an AI-based fraud detection platform focused on identifying scams before they impact victims. Alterya, which launched in stealth mode, has collaborated with cryptocurrency exchanges like Binance, Coinbase, and Block, along with financial institutions, to monitor over US$8 billion in monthly transactions across crypto and fiat systems.

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Avoiding Over-Regulation: American Fintech Council Warns That FDIC New Act Could Hinder Innovation

The Fintech Times

Due to the risk of stifling innovation, the American Fintech Council (AFC), the trade association representing responsible fintech companies and banks, has requested that the Federal Deposit Insurance Corporation (FDIC), the independent agency created by Congress to maintain stability and public confidence in the nation’s financial system, withdraws its Proposed Rule on Recordkeeping for Custodial Accounts.

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Method is helping fintech companies like SoFi build repayment functionality into their apps

TechCrunch Fintech

It can be challenging for developers of fintech apps to integrate repayment, balance transfer, and bill pay functionality. Devs often have to deal with a patchwork of brittle screen-scraping APIs to extract data from users’ financial institutions or worse, tools to process mounds of physical checks and paperwork. Three friends and entrepreneurs Jose […] 2024 TechCrunch.

FinTech 108
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Paymentology, audax, and Mastercard Launch Report Highlighting the Future of Payments with Cards-as-a-Service (CaaS)

Fintech Finance

Paymentology , the leading global issuer processor, in partnership with audax, a comprehensive digital banking technology solutions provider backed by Standard Chartered, and Mastercard , a global leader in payment technology and network solutions, announces the launch of a new report titled “Understanding Cards-as-a-Service (CaaS) and the Power of Strategic Partnerships.” The report highlights the transformative potential of CaaS in enabling banks and fintechs to become distributors

Visa 105
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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.

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Beijing introduces dedicated mobile payments devices for foreign visitors

NFCW

BEIJING PASS: The devices make it simple to access local mobile payments services on visits to China Travellers arriving at Beijing Capital Airport are now able to rent a dedicated mobile payments and local communications device from a service desk in the Terminal 3 arrivals hall, making it quick and easy to access local mobile payments services during their visit to China. “The Beijing Pass device, co-developed by UnionPay, Bank of Beijing and Beijing Unicom, is a compact terminal that fu

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52% of execs say they plan to use agents

Bank Automation

Agentic AI is already taking center stage this year: 71% of executives say AI agents will drive higher levels of automation in their workflows and 52% percent say they plan to use agents in 2025. Built on generative AI and large language models, agentic AI is able to make decisions, unlike previous AI technology, which […] The post 52% of execs say they plan to use agents appeared first on Bank Automation News.

AI 115
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dtcpay and BNB Chain Bolster Ecosystem for Real-World Stablecoin Use

Fintech News

Singapore-based digital payments provider dtcpay has partnered with BNB Chain to accelerate the real-world utility of stablecoins, making paying with stablecoins more practical, accessible, and cost-effective for everyday transactions. This collaboration will enable businesses using dtcpay to accept payments in stablecoins like USDT and USDC via the BNB Chain network , including BNB Smart Chain and opBNB.

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Decoding the FCA’s Safeguarding reforms: Practical steps for payments and E-money firms

The Payments Association

Decoding the FCA's safeguarding reforms: Practical steps for payments and E-money firms January 3 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The FCA’s proposed safeguarding reforms for payments and e-money firms, aiming to enhance consumer protection and operational compliance. Why is it important? The reforms ensure robust safeguarding practices, bolster consumer trust, and address risks like fund shortfalls during insolvency.

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Secrets of a Successful Sale: Optimizing Your Checkout Process

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.

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Union Credit Teams Up with MeridianLink to Enhance Lending at the Point of Purchase

Finovate

Union Credit has announced a new partnership with MeridianLink. The partnership will simplify and streamline the lending process for credit unions with real-time financing solutions at the point of purchase. Union Credit most recently demoed its technology at FinovateFall 2024. Union Credit , a marketplace for credit unions that offers pre-approved, one-click credit offers at the point of purchase, has teamed up with software platform MeridianLink.

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Mollie Enables Tap to Pay on iPhone for Businesses of All Sizes in the UK

Fintech Finance

Mollie , one of Europes fastest-growing financial service providers, has enabled Apples Tap to Pay on iPhone for its UK customers. This allows businesses of all sizes to use the Mollie app on iPhone to accept contactless payments without the need to purchase or manage additional hardware. Tap to Pay on iPhone which Mollie launched last month for its 250,000 customers in The Netherlands, France and Germany is now available to its UK merchants, allowing them to unlock the benefits of Tap to Pay

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UK to introduce digital driving licences ‘this year’

NFCW

The UK government plans to introduce a mobile app that motorists will be able to use to store a digital version of their driving licence on their smartphone, the BBC reports. “The Gov.uk app, which is set to arrive this year, would securely store licence details and allow them to be used as a form of ID for buying age-restricted products, including alcohol, voting or travelling on domestic flights,” the BBC says. “The app will allow customers at self service checkouts to verify

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Looking for the Best Payment Gateway? Here’s How to Choose the Right One

Stax

If youre like many people, its been a while since you last made a payment exclusively with cash. According to Forrester, 69% of adults in the U.S. said theyve used electronic payment methods to make a transaction in the past three months. This also applies to your customers. They no longer handle cash and checks. Credit and debit cards, digital wallets , ACH transfers , and other digital payments have become the norm.

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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

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What’s Fueling Southeast Asia Fintech Golden Age?

Fintech News

Southeast Asias fintech industry is flourishing, driven by soaring adoption of digital payments, alternative lending, and wealthtech. The regions strong fundamentals, coupled with a growing digital economy, promise continued growth and innovation in the coming years, a new report by Royal Park Partners (RPP), a fintech-focused corporate finance advisory firm, says.

FinTech 117
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Payments trends report 2024

The Payments Association

Payments Report 2024 As the global payments ecosystem undergoes a period of rapid transformation, the Payments Report 2024 serves as an essential resource for industry leaders navigating shifting trends, emerging technologies, and dynamic consumer behaviour. The payments landscape has seen accelerated growth across both traditional and alternative channels, driven by rising digital adoption, technological advancements, and an increasing focus on seamless user experiences.

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Fintech Rundown: A Rapid Review of Weekly News

Finovate

The week begins on the Fintech Rundown with news of product launches and new investments, as well as an acquisition in the digital banking space and a handful of partnerships in payments. Be sure to check back all week long for the latest updates. Financial wellness Current account provider nsave launches its new investment product and announces EUR 17.5 million in funding.

FinTech 105
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HyperPay Obtains License From the Saudi Central Bank to Expand Digital Payment Services in the Kingdom

Fintech Finance

The Saudi Central Bank (SAMA) has announced the granting of a license to HyperPay Inc. Saudi Arabia for Information Systems Technology to operate digital payment services via an electronic wallet in the Kingdom. This license marks an important step in enhancing the companys position in the growing digital payments market in Saudi Arabia. HyperPay is a leading company in the financial technology sector, aiming to support the transition to a less cash-dependent society by offering innovative payme

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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