Payments Dive
OCTOBER 1, 2024
The Federal Reserve’s interest rate reduction may give the company leeway to offer more consumers 0% interest or a lower APR, Affirm CFO Michael Linford said this week.
Stax
OCTOBER 1, 2024
Acquisition of BlockChyp brings new technology and industry expertise to Stax, furthering its evolution as a leading payment processor ORLANDO – October 1, 2024 – Stax , a leading payment technology provider, today announced its acquisition of BlockChyp , further expanding the company’s end-to-end processing capabilities. The addition of BlockChyp marks a significant, strategic expansion of Stax’s growing technology stack to drive increased value for partners and merchants and accelerate growth.
Finextra
OCTOBER 3, 2024
Banks around the world will next year start live trials of digital asset and currency transactions over the Swift network.
Fintech News
OCTOBER 1, 2024
Global payments company Thunes has strengthened its partnership with Siam Commercial Bank (SCB) to enhance international remittance services through the SCB EASY app. This collaboration will allow SCB customers to send money instantly to 26 countries in 17 currencies with increased transparency and reliability. Through Thunes’ Direct Global Network, SCB EASY app users can transfer funds in real-time to destinations such as Australia, Canada, Cambodia, China, Denmark, Finland, India, Indone
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.
Payments Dive
OCTOBER 4, 2024
The payments processor is only the second company to win the special bank charter since Georgia made it available.
The Finance Weekly
OCTOBER 1, 2024
Mastering variable expenses is key to accurate budgeting and strategic cost management. But why is this understanding so vital? In short, having a firm grip on variable expenses directly influences your financial outcomes and overall organizational health. Differentiating Between Variable, Fixed, and Semi-Variable Costs Every business has a cost structure made up of fixed, variable, and semi-variable expenses.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Fintech News
SEPTEMBER 29, 2024
BNPL fraud in Southeast Asia is seeing a rapid rise with fraudsters exploiting weaknesses in these platforms and developing sophisticated methods to deceive users for financial gain. A new report by Rest of World sheds light on how scammers are targeting BNPL platforms in Vietnam by exploiting a loophole that allows users to turn their credit into cash through so-called cash-outs.
Payments Dive
OCTOBER 3, 2024
After the storm ripped through the southeastern U.S., consumers and merchants have been left grappling with card network outages and cash shortages.
VISTA InfoSec
SEPTEMBER 30, 2024
Data breaches, cyberattacks and misuse of personal information are severe threats challenging the privacy of customers data, they can not only damage a companys reputation but can also lead to heavy fines if compromised. To overcome these challenges, data protection laws are established. Data protection laws safeguard personal information and establish important guidelines on collection, storage, processing, sharing and disposal of personal data.
Finextra
OCTOBER 1, 2024
The UK's Post Office is no longer offering MoneyGram services in the wake of a serious cyber security incident at the American money transfer giant.
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
Faster Payments Council
OCTOBER 3, 2024
Save the date for the 2025 FPC Spring Member Meeting on April 23-24, 2025, at the Westin San Diego Bayview Hotel in San Diego, California. More details coming soon!
Payments Dive
SEPTEMBER 30, 2024
While most U.S. households have a bank account, just under half use a nonbank payment service, Kansas City Federal Reserve Bank research says.
Fintech News
OCTOBER 1, 2024
Siam Commercial Bank ( SCB ) has selected Databricks’ Data Intelligence Platform to centralise its data and AI assets. This move is part of its broader digital transformation efforts, including an upgrade to its core banking system. With over 17 million customers and 1.5 billion monthly transactions, SCB will use the Databricks platform, built on Microsoft Azure, to enhance its data management and personalised banking services.
Finextra
OCTOBER 2, 2024
The Financial Conduct Authority has fined Starling Bank £29 million for failings related to its financial sanctions screening.
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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?
Axway
OCTOBER 4, 2024
While acknowledging API opportunities , you can’t skip the topic of API security risks. After all, APIs are one of the most significant cyberattack vectors. In one survey, 41% of businesses reported experiencing a recent API security incident.
Payments Dive
OCTOBER 2, 2024
Zelle, the popular peer-to-peer payment service, and rivals should be more upfront with consumers about the ability to ask for money back, Consumer Reports says.
Fintech News
OCTOBER 2, 2024
Google has revealed plans to invest US$1 billion in Thailand, constructing a data center and cloud region in Bangkok and Chonburi. This move is projected to boost Thailand’s GDP by US$4 billion by 2029 and create an average of 14,000 jobs annually from 2025 to 2029. The investment aims to address the increasing demand for cloud services in Southeast Asia.
Finextra
OCTOBER 3, 2024
Visa has unveiled a platform that helps banks issue and manage fiat-backed tokens such as stablecoins on blockchain networks.
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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.
NFCW
OCTOBER 3, 2024
The German government is developing a digital wallet in which the country’s citizens can store their national identity card and official documents. The move follows the EU’s earlier mandate that all member states need to introduce a standardised European digital identity wallet (EUDI) enabling EU nationals to verify their identity across the EU27 countries.
Payments Dive
OCTOBER 3, 2024
The Office of the Comptroller of the Currency blasted an Illinois law that prohibits credit and debit card interchange fees on tips and excise taxes.
Fintech News
OCTOBER 2, 2024
South African digital bank, TymeBank , has surpassed the milestone of 10 million users just under six years after its launch in 2019. The bank, which is the first digital bank in Africa to reach profitability, now holds close to R7 billion (US$402.5 million) in customer deposits, making it one of the fastest-growing bank in South Africa based on deposits for 2024.
Finextra
SEPTEMBER 29, 2024
Private equity giant Blackstone has confirmed a £10 billion investment in an AI data centre in the North East of England, creating around 4000 jobs.
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.
NFCW
OCTOBER 1, 2024
NFC TAGS: The chips are being added to ski jump suits to monitor competitors’ adherence to regulations NFC chips are to be added to competition-level ski jump suits to monitor whether competitors are adhering to regulations. The sport’s governing body, FIS , is restricting the number of suits competitors can use during the World Cup and other major world-class events from next winter, so gluing NFC chips to the individual parts of each suit will enable precise measurements to be taken quic
Payments Dive
OCTOBER 1, 2024
The company added $1.5 billion to a litigation escrow account as it battles a Justice Department lawsuit and ongoing legal case with merchants.
Fintech News
OCTOBER 1, 2024
The last decade has seen significant growth in Islamic banking globally, with the Asia-Pacific (APAC) region emerging as a pivotal hub for Islamic finance, driven by rising customer demand and the adoption of modern technologies. A new paper produced by Systems Limited, a publicly listed Pakistani technology company, in collaboration with Temenos, explores the rapid developments in Islamic banking, particularly in Indonesia and Malaysia, and the increasing role of technology such as open banking
Finextra
OCTOBER 4, 2024
The UK Treasury will give banks new powers to delay payments by up to 72 hours to investigate suspected fraud or scams.
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.
PCI Security Standards
OCTOBER 1, 2024
From 1 October to 1 November, eligible PCI SSC stakeholders are invited to review and provide feedback on the draft PCI PIN Transaction Security (PTS) Point of Interaction (POI) Modular Security Requirements v7.0 during a 30-day request for comments (RFC) period.
Payments Dive
OCTOBER 3, 2024
The card network may bend to emboldened fintech rivals and more assertive merchants following the Justice Department’s antitrust lawsuit.
Fintech News
SEPTEMBER 30, 2024
KASIKORNBANK ( KBank ) has introduced orbix CUSTODIAN, which is set to become Thailand’s first licensed digital asset custodian. The new service, aimed at supporting local digital asset businesses, has received its license from the Ministry of Finance and operates under the supervision of the Securities and Exchange Commission (SEC). KBank is now finalising its systems ahead of an official launch in early 2025. orbix CUSTODIAN aims to provide secure, transparent digital asset custody servi
Finextra
OCTOBER 4, 2024
In a push for financial inclusion in Mexico, Paysend has launched Paysend Libre backed by Mastercard.
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