Payments Dive

MAY 31, 2024

Research shows young people see digital wallets as a more secure option than debit and credit cards. Cybersecurity professionals mostly agree, despite caveats.

Debit Card 195

Debit Card Cybersecurity Credit Cards Research 195

Finextra

MAY 28, 2024

PayPal is building an advertising platform, tapping into its trove of customer data to help merchants better target their ads.

PayPal 131

PayPal 131

Fintech News

MAY 27, 2024

Central bank digital currencies (CBDCs) have largely existed in the virtual realm, with transactions initiated primarily through web and mobile interfaces. However, a significant shift has occurred with the launch of Eurasia’s first CBDC cards in Kazakhstan, providing 20 million consumers with a new, tangible way to manage CBDC funds. The first CBDC card transaction in Eurasia was successfully made on 15 November 2023.

CBDC 131

CBDC Transactions Payment APIs and Integration Cross-Border 131

The Finance Weekly

MAY 29, 2024

Financial planning and analysis (FP&A) solutions provide a complete platform for organizational planning, which is important for all businesses. Understanding their financial status and performance is key for business growth. A study revealed that inefficiencies in the traditional FP&A role, like manual preparation of P&Ls, balance sheets, and cash flows, lead to an annual economic loss of $6.1 billion.

AI 130

AI Automation Checks Finance 130

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

Payments Dive

MAY 28, 2024

The card network is focused on “stubborn categories” where large account-to-account payments have taken hold, such as in healthcare, education and rent, a Visa executive said.

Accounts 183

Accounts Payments 183

VISTA InfoSec

MAY 28, 2024

Thanks to digital innovations, we can easily connect online, but they also leave us increasingly vulnerable and exposed. 68% of consumers are concerned about the volume of data businesses collect about them, with 40% expressing a lack of trust in companies’ ethical handling of data. Therefore, it’s no surprise that data privacy regulations are constantly improving.

Privacy 130

Privacy Regulations Legal Identity Theft 130

Fintech News

MAY 28, 2024

The meteoric ascent of Brazilian neobank Nubank has sent shockwaves through the Latin American banking industry. In just over a decade, Nubank has amassed upwards of 100 million customers across the region, becoming the largest fintech company in Latin America. As digital banks in the Asia Pacific (APAC) region aim to replicate this success, there are valuable lessons to be learned from the unconventional Nubank approach to banking.

APACS 128

APACS Financial Inclusion Online and Mobile Banking Disaster Recovery 128

Payments Dive

MAY 29, 2024

Roughly 72% of consumers say they swipe, dip or tap a debit card at the point of sale, a larger portion than credit cards, checks and digital wallets, according to a consumer survey by research firm J.D. Power.

Debit Card 174

Debit Card Credit Cards Checks Research 174

Bank Automation

MAY 29, 2024

BMO continued to deliver on its digital-first agenda during its fiscal second quarter 2024 with AI, data and overall modernization at the forefront of its efforts.

AI 128

AI Continuity 128

TechCrunch Fintech

MAY 29, 2024

Owners of small- and medium-sized businesses check their bank balances daily to make financial decisions. But it’s entrepreneur Yoseph West’s assertion that there’s typically information and functions missing from bank accounts that owners could really use. “SMBs make up 44% of U.S. GDP, underpin the economy and have a deep impact on all of us,” […] © 2024 TechCrunch.

Economy 125

Economy Checks Accounts FinTech 125

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

Fintech News

MAY 29, 2024

Southeast Asian superapp Grab and OpenAI have announced a strategic collaboration to develop and implement advanced AI solutions aimed at enhancing the experience for users, partners, and employees. The initial phase of the collaboration will target three key areas, which are accessibility, customer support, and mapping. Grab aims to make its services more accessible by utilising state-of-the-art text and voice capabilities, particularly for visually impaired or elderly users who may struggle wi

AI 125

AI Automation Product Technology 125

Payments Dive

MAY 31, 2024

“The scale of fraud on the Zelle platform is unacceptably high,” National Consumers League Vice President John Breyault said.

Zelle 172

Zelle Consumer 172

Finextra

MAY 31, 2024

Hackers are trying to sell what they claim are the bank account details of 30 million Santander customers for $2 million.

Accounts 122

Accounts 122

The Fintech Times

MAY 30, 2024

PayPal USD (PYUSD), PayPal ‘s USD stablecoin, will now be available on the Solana blockchain. The news was announced at Consensus 2024 , the long-running cryptocurrency, blockchain and web3 event. PYUSD availability on Solana will provide users with the choice of multiple blockchains allowing for increased flexibility and control. Furthermore, the announcement builds upon Solana’s reputation for processing massive amounts of transactions at high speeds with extremely low costs.

PayPal 119

PayPal Stablecoins Blockchain Venmo 119

Advertisement

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?

Use Case

Fintech News

MAY 29, 2024

Indonesian fintech company JULO has announced that it has provided insurance coverage to over 200,000 customers in just three months with its JULO Protect Plus product. It is a new feature embedded in the company’s virtual credit card solution. JULO collaborated with Qoala , an Indonesian insurtech company, and Sompo Insurance, a global general insurer with 48 years of experience in Indonesia, to develop this insurance cover.

Credit Cards 122

Credit Cards Financial Inclusion Credit Limit FinTech 122

Payments Dive

MAY 31, 2024

The card issuer joins its tech and payments peers in integrating crypto into the traditional financial system.

Credential 167

Credential Card Issuer Visa Issuers 167

Finextra

MAY 29, 2024

The Interledger Foundation, an organisation dedicated to the creation of an open, interoperable payment network, is promising to fund fintechs that use its protocol to bring payments to emerging markets and underserved populations.

Interoperability 122

Interoperability Underserved FinTech Payment Networks 122

The Fintech Times

MAY 29, 2024

This month, The Fintech Times is focusing on the world of digital assets. The idea that digital assets are exclusively some form of currency has been slowly dispelled, as new use cases emerge and are rapidly adopted across the globe. But digital currencies are far from irrelevant. Cryptocurrencies, central bank digital currencies (CBDCs) and stablecoins remain prominent and continue to see innovation worldwide; particularly in the Middle East and Africa (MEA).

Digital Currency 111

Digital Currency CBDC Cross-Border Payments Cross-Border 111

Advertisement

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.

Payments

Fintech News

MAY 29, 2024

E-wallets are gaining significant traction in Singapore, with predictions indicating they will become the primary payment method by 2027. According to the 2024 Global Payments Report by payment processing company Worldpay, e-wallets are expected to handle over 50% of online spending in Singapore by 2027. In 2023, e-wallets were used for 70% of online spending in the Asia-Pacific region.

Credit Cards 122

Credit Cards APACS Payments Interoperability 122

Payments Dive

MAY 29, 2024

The Stockholm-based buy now, pay later company said more than a third of its first-quarter savings on sales and marketing expense was attributable to artificial intelligence.

AI 158

AI 158

Finextra

MAY 28, 2024

Brazillian challenger bank Nubank is to bundle a digital travel eSIM into its package for premium customers in partnership with Telecom-as-a-Service platform Gigs.

122

122

Fintech Finance

MAY 28, 2024

Gnosis Pay , the company building the rails for the next generation of banking, today announces a new partnership with Visa , a world leader in digital payments, that will help broaden the use of digital currencies in everyday payment settings. Through Gnosis’ decentralized network, Gnosis Pay allows entities to provide an on-chain spending account linked to a Visa debit card that can be used at Visa accepting merchant locations worldwide.

Digital Currency 110

Digital Currency Debit Card Blockchain Money Laundering 110

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

Fintech News

MAY 27, 2024

Thailand’s Securities and Exchange Commission (SEC) is seeking public input on proposed changes to the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018). These changes aim to update the decree to better reflect current market conditions and improve regulatory efficiency. The goal is also to increase investor confidence in digital assets.

Laws 120

Laws Legal Consulting Addressing 120

Payments Dive

MAY 28, 2024

The new offering by the digital payments pioneer will be led by Mark Grether, who helped grow Uber Advertising into a $1 billion business.

PayPal 113

PayPal Digital Payments Payments 113

Finextra

MAY 30, 2024

Banking co-operative Swift is working with global banks on AI pilots to tackle cross-border payments fraud.

SWIFT 119

SWIFT Cross-Border Payments AI Cross-Border 119

The Fintech Times

MAY 28, 2024

On this week’s episode of News & Views, The Fintech Times Podcast team speak about what it would take to see an NFT revival and INZMO launching a new AI chatbot, RentalBot to help tenants and landlords get the legal info they need to resolve disputes. Unfortunately, the Podcast team was once again down a member. With Polly away, Tom and Francis took the reigns and discussed INZMO’s new service being launched in Germany.

NFTs 108

NFTs Disputes Bots Returns 108

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

Fintech News

MAY 27, 2024

Despite tireless efforts from businesses and tech providers, fraudsters persist in siphoning off billions annually. According to the “2024 State of Fraud” whitepaper by Telesign , a customer identity and engagement solutions provider, U.S. fraud victims suffered nearly US$8.8 billion in losses in 2022, with global projections soaring to a potential US$95.9 billion by 2027.

APACS 117

APACS Data Breach FinTech Fraud Prevention 117

Clearly Payments

MAY 30, 2024

In 2024, Canada has millions of businesses operating across the country. This article provides an overview of the number of businesses in Canada and various related statistics. A Sample of Statistics in This Article: Canada has approximately 1.3 million businesses in 2024. This does not include holding companies and businesses with no employees. 99.8% (1.29 million) of all businesses in Canada are small businesses There are 4,000 large corporations in Canada (>500 employees) There are 50,000

Small Business 105

Small Business Credit Cards Online and Mobile Banking Economy 105

Finextra

MAY 30, 2024

Visa and Mastercard have agreed to pay $197 million to settle a long-running class action lawsuit accusing them of keeping ATM fees artificially high.

ATM 118

ATM Visa 118

Payments Next

MAY 29, 2024

By Jason Kolbenheyer, Chief Product Officer, Edenred Pay Few technologies have generated as much excitement as artificial intelligence (AI). Using machines to The post The transformative impact of AI on invoice-to-pay functions first appeared on Payments NEXT.

AI 100

AI Technology Product Posting 100

Advertisement

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.

AI