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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.
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.
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.
ANDROID: Zebra’s EM45 RFID smartphone can read both UHF RFID and NFC tags Zebra Technologies has unveiled an enterprise Android smartphone that comes with built-in support for both ultra high frequency (UHF) RFID and NFC tag reading and the ability to also function as a contactless payments acceptance device. The launch follows news from Qualcomm that the mobile chipset giant is actively working to add support for ultra high frequency Rain RFID tag reading to mobile devices, initially for
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.
The Neonomics Group, has completed the acquisition of Ordo , an open banking payments and data service provider based in the UK. Founded by the former management team of the UK Faster Payments scheme, Ordo is an FCA authorised open banking payments innovator and one of the very first to be licensed as such in the UK. Ordo delivers a wide range of payments and data services including variable recurring payments and is an official crown services supplier.
The National Bank of Cambodia (NBC) today marked the official integration of the Bakong Tourists app with Visa , expanding digital payment options for international visitors. While the app was first launched in November last year, this integration allows tourists to link their Visa cards from their home countries and make payments using KHQR codes at around 4.5 million merchants across Cambodia.
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.
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.
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
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.
The National Payments Corporation of India (NPCI) has recently announced significant regulatory changes aimed at reducing the dominance of existing players in the Unified Payments Interface (UPI) ecosystem and increasing competition. These changes, which include lifting restrictions on WhatsApp Pay and postponing the implementation of a market share cap for UPI apps, underscore the NPCIs commitment to create a fairer digital payment landscape in India, and ensuring equal opportunities for all pa
Inclusive global payments platform, Ecommpay , has added Swedish banking app, Swish , to its growing list of Alternative Payment Methods (APMs). The app, which boasts a 39%+ share of checkout in Sweden, is the Swedish consumers preferred way to pay. By adding it to the Ecommpay payment platform for payments in SEK, merchants targeting the Swedish market will be able to optimise checkout performance.
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
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.
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.
The digital revolution in Southeast Asia (SEA) is transforming consumer behaviour, with the region’s digital economy projected to hit US$1 trillion by 2030. Digital payments are at the heart of this growth, offering consumers convenience, reliability, and efficiency. By 2025, SEAs internet economyencompassing e-commerce, food delivery, and financial services is expected to reach US$360 billion , driven by widespread adoption of digital wallets and flexible payment solutions.
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.
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?
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
A positive payment experience makes 82% of global online sports-bettors stay to continue wagering with sportsbooks, according to new research released today by leading payments platform Paysafe (NYSE: PSFE). Beyond player retention, the latest All the Ways Players Pay annual report underscores the critical role payments play in customer acquisition and the importance of sportsbooks offering localized cashiers with alternative payment methods (APMs) to ensure payment choice plus fast and secure t
Southeast Asia is on the brink of a rapid expansion in open banking, with financial institutions leveraging open banking to enhance customer experiences, and fintech companies utilizing application programming interfaces (APIs) to revolutionising payments, lending, and more. A new report by Twimbit, a Singapore-based research and advisory firm, highlights the state of open finance in Southeast Asia, exploring the different factors such as regional integration, technological innovation, evolving
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.
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.
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.
NMI , a global leader in embedded payments infrastructure, announces Bill Connect, a new extension for use with the NMI Payment Gateway, powered by Biller Genie. Designed to integrate seamlessly with popular accounting software such as QuickBooks Online, QuickBooks Desktop, and Xero, Bill Connect simplifies billing and payment acceptance, offering small and medium-sized businesses (SMBs) an easier way to manage their accounts receivable while accelerating payments.
Thinking about diving into the world of cryptocurrency in Singapore? Youre in the right place. Singapore embraces digital currencies, combining cutting-edge innovation with solid regulations to ensure a safe trading environment. The Monetary Authority of Singapore (MAS) keeps the market secure through rules that protect investors while encouraging growth.
The FiRa Consortium has published an update to its technical specifications for Ultra-Wideband (UWB) technology that add support for “advanced UWB applications that require various combinations of FiRa features to work together deterministically”, such as mobile payments and transit ticketing. The updated Core 3.0 Specifications “enhance UWBs capabilities, enabling seamless interoperability and unlocking new possibilities for precise and secure ranging and positioning in divers
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.
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.
Waza , a B2B payment provider for emerging market businesses, has announced the launch of Lync, its new multi-currency account platform that combines market-leading foreign exchange (FX) liquidity solutions with a cutting-edge banking experience to power a new age of global trade for emerging market businesses incorporated in the US, UK or EU. Despite being incorporated and having operations in the US, UK and EU, many businesses that serve emerging markets such as Africa (especially if these bus
Much like in the United States (and practically the rest of the world, for that matter), Canadian consumers have widely adopted credit cards and digital payments. Research shows that Canada has the world’s highest credit card ownership rate, with 82.7% of consumers owning at least one credit card. With payment methods like credit cards and mobile payments being table stakes these days, the Canadian payment processing landscape has gotten quite crowded with numerous processors and merchant
Investors are exploring a multitude of fintech startups with the expectation that venture capital will bounce back in 2025 along with better macroeconomic conditions. While fintech funding this year may not match the $143 billion it reached in 2021, it is forecast to grow marginally higher than 2024, when funding fell 20% year over […] The post 22 startups to watch in 2025 appeared first on Bank Automation News.
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.
Visa, a world leader in digital payments, today brings Apple Pay to its customers in Egypt. Apple Pay is a safe, secure and easy way to pay in-store, in-app and online. To pay in-store, customers simply double-click the side button and hold their iPhone or Apple Watch near a payment terminal to make a contactless payment. Every Apple Pay purchase is secure because it is authenticated with Face ID, Touch ID, or device passcode, as well as a one-time unique dynamic security code.
Any merchant who transacts in the offline world (like brick-and-mortar stores or even mobile businesses) needs a modern point-of-sale (POS) system. The right solution will enable you to ring up sales with ease, as well as manage the various components of your business. But what exactly is a POS system and how do you select the right solution for your business?
The widespread shift to online reliance has created a greater demand for accessing various services online, including government public services and online retail payments. This increased digital dependency has raised the need for secure access and quick and easy identity verification online. Electronic forms of authentication and identification help individuals to access these services smoothly and quickly.
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.
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