Payments Dive

NOVEMBER 25, 2024

The network is expected to increase some fees it charges for credit card payments, according to a notice referenced during a Senate hearing last week.

Credit Cards 179

Credit Cards Payments 179

PCI Security Standards

NOVEMBER 26, 2024

The PCI Security Standards Council (PCI SSC) has published version 1.1 of the PCI Mobile Payments on COTS (MPoC) Standard, designed to support the evolution of mobile payment acceptance solutions. PCI MPoC builds on the existing PCI Software-based PIN entry on COTS (SPoC) and PCI Contactless Payments on COTS (CPoC) Standards, addressing security requirements for solutions that enable merchants to accept cardholder PINs or contactless payments using a smartphone or other commercial off-the-shelf

Mobile Payments 167

Mobile Payments Contactless Payments Payments Addressing 167

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

Instant Payments 138

Instant Payments Central Bank Settlement Agreements 138

Finextra

NOVEMBER 29, 2024

The European Commission has adopted rules for the core functionalities and certification of the European Digital Identity Wallets as 2026 deadline nears.

Rules 129

Rules 129

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

Product

Payments Dive

NOVEMBER 27, 2024

Consumers’ credit card delinquencies have risen this year, along with their balances, according to an annual Federal Reserve Board report.

Credit Cards 158

Credit Cards Federal Reserve Fed Consumer 158

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.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Financial Inclusion Underserved 98

Finextra

NOVEMBER 26, 2024

HSBC has launched a one-stop domestic and cross-border payments platform for businesses looking to grow internationally.

Cross-Border Payments 126

Cross-Border Payments Cross-Border Transactions Payments 126

Payments Dive

NOVEMBER 27, 2024

With credit card interest rates at a historic high, consumers are likely to gravitate to lower-cost alternatives, including potentially buy now, pay later options, industry consultants say.

BNPL 147

BNPL Credit Cards Consulting Consumer 147

The Fintech Times

NOVEMBER 27, 2024

The Financial Conduct Authority (FCA) has unveiled a roadmap outlining key dates for the development of its ‘crypto regime’, as it aims to introduce a clear regulatory framework for the UK’s crypto industry. As of August 2024, around 12 per cent of UK adults own some sort of crypto asset – equivalent to around seven million people – while around 93 per cent have at least heard of them, according to new FCA research revealed on Tuesday.

Regulations 112

Regulations Stablecoins Risk Consulting 112

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 Finance

NOVEMBER 28, 2024

Serenity , a tech and blockchain solution provider, and IDEMIA Secure Transactions (IST), a global leader in payment and connectivity solutions, announced the launch of sAxess , a biometric security card to improve data access control, security, and recovery. The partnership with IDEMIA Secure Transactions brings its extensive connections and expertise in payment and connectivity solutions, with 1,900 financial institutions and FinTechs clients worldwide, together with Serenity’s knowledge in bl

Security 116

Security Transactions NFTs Blockchain 116

Finextra

NOVEMBER 29, 2024

Norway has struck a deal to add the krone to the Eurosystem’s Target Instant Payment Settlement (Tips) service.

Instant Payments 124

Instant Payments Settlement Payments 124

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.

Cross-Border 87

Cross-Border SARS Multi-Currency Correspondent Bank 87

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.

Disputes 88

Disputes Issuers Card Issuer Payment APIs and Integration 88

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Fintech Finance

NOVEMBER 26, 2024

Mollie , one of Europe’s fastest-growing financial service providers has announced a strategic partnership with PayPal , which will deliver best-in-class payment solutions for marketplace platforms across Europe. This partnership marks a significant milestone as PayPal remains one of the preferred payment options for Mollie’s customers, offering seamless payment flows, improved shopping experiences and business growth for marketplaces.

PayPal 105

PayPal Debit Card Payments Payment Solutions 105

Finextra

NOVEMBER 25, 2024

Just five months after BBVA distributed 3,000 ChatGPT Enterprise licenses among its employees, 83 percent have incorporated it into their work routine and have created nearly 3,000 adaptations of the tool for specific tasks, ranging from financial data analysis to help to solve legal questions from clients in less than 24 hours or provide customer insights.

AI 121

AI Legal 121

Fintech News

NOVEMBER 27, 2024

Maybank Singapore has introduced a new feature in its myimpact SME programme , SMEs to calculate carbon emissions and report core environmental, social, and governance (ESG) metrics. The initiative, which leverages ESGpedia ’s online enabler tool, is designed to help SMEs navigate sustainability reporting requirements and gain a competitive edge in securing sustainable financing and business opportunities.

Payroll 97

Payroll Reporting Requirements Finance Addressing 97

The Payments Association

NOVEMBER 28, 2024

KPMG are launching our second annual Payments Modernisation report, based on a global survey of 1,500 senior leaders across financial institutions and retailers covering Europe, APAC, North America and the Middle East, and we have found the pace of transformation is not slowing down, and not restricted to banks. Our first payment modernisation report in 2023 found financial institutions in the UK were embarking on significant payments modernisation initiatives, with expected benefits as well as

Payments 88

Payments APACS On-Demand AI 88

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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.

Payments

Fintech Finance

NOVEMBER 27, 2024

Worldpay ® has launched a first-of-its-kind service that delivers near instant refunds, depending on the receiving financial institution. This helps to close the gap between consumer expectations and merchant capabilities. The faster refund capability is available to the vast majority of UK shoppers using Mastercard and Visa cards when making purchases at participating retailers, including HMV.

Visa 98

Visa Returns Consumer Participant 98

Finextra

NOVEMBER 28, 2024

Hackers have breached the Central Bank of Uganda's firewalls and stolen $17 million from Treasury accounts.

Central Bank 119

Central Bank Treasury Breach Accounts 119

NFCW

NOVEMBER 29, 2024

1, 2, 3 TESTING: Cilab’s ci200 (top left), ci220 (top right) and ci230 (lower middle) testing solutions PARTNER NEWS: NFC testing solutions specialist Cilab has launched two new testing solutions, one for contact card conformance testing and one for dual interface card production line testing. The new ci220 contact interface tester and ci200 production line tester will be on show for the first time, alongside Cilab’s existing ci230 high speed NFC testing solution , at Trustech in Par

Product 91

Product ISOs CHIPS Chip Cards 91

The Payments Association

NOVEMBER 28, 2024

The payments ecosystem in the UK and EU is in constant flux, driven by regulatory guidance and technological advances. In the UK, consumers and businesses make around 1,500 transactions every second. The government aims to simultaneously boost the economy and drive innovation in payments, via the National Payments Vision and Strategy, which has been shaped by views and inputs of over 100 financial institutions.

Authentication 88

Authentication Regulations IBAN Rules 88

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

Best Practices

Fintech Finance

NOVEMBER 26, 2024

Adyen , the global financial platform of choice for leading companies, today announced its partnership with Thomson Medical (SGX: A50), one of the largest private providers of healthcare services for women, children and families in Singapore. This partnership will see Thomson Medical leveraging Adyen’s integrated payments technology to enhance patient experiences and streamline operational processes across its hospital and a network of 37 specialist medical clinics, facilities, and services isla

Reconciliation 98

Reconciliation SWIFT On-Demand Finance 98

Finextra

NOVEMBER 28, 2024

Australia's Commonwealth Bank says early implementation of GenAI is helping it to substantially reduce fraud rates.

AI 119

AI 119

Fintech News

NOVEMBER 24, 2024

Finastra, a major financial software provider that serves many of the world’s leading banks, is grappling with a data breach. The company confirmed the incident to TechCrunch following a hacker’s claim of compromising Finastra ‘s internal file-transfer platform and subsequent attempts to sell the stolen data. Cybersecurity journalist Brian Krebs first brought the breach to public attention when a hacker, on a known cybercrime forum, offered 400 gigabytes of data allegedly plund

Breach 93

Breach Compromise Data Breach Credential 93

The Payments Association

NOVEMBER 28, 2024

Aryze is proud to introduce eGOLD, a revolutionary digital token fully backed by physical gold. The collaboration between Aryze and BCIFGold , a renowned leader in precious metals, represents a significant leap toward making gold investment more accessible, secure, and efficient for everyone. Unlock the potential of your assets with Aryze Aryze empowers businesses to create their own stablecoins backed by real-world assets.

Stablecoins 88

Stablecoins Regulatory Compliance Compliance Innovation 88

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 Finance

NOVEMBER 28, 2024

Bank payment company GoCardless has announced a partnership with Total Grassroots and kit manufacturer Kelme to simplify payment collection for grassroots football clubs and kit out their team. By using GoCardless, clubs can show unpaid subscriptions and high card fees the red card. Its enhanced Direct Debit capabilities give club treasurers and secretaries greater visibility and control over their payments through an easy-to-use online platform, in addition to automatic payment collection and r

Reconciliation 97

Reconciliation Payments Continuity FinTech 97

Finextra

NOVEMBER 26, 2024

As fraudsters gear up to take advantage of the Christmas period, NatWest has launched an advent calendar designed to educate Brits on the threat of common purchase scams.

Scams 119

Scams 119

Segpay

NOVEMBER 26, 2024

In today’s digital world, online ID verification has become a crucial component of customer onboarding. As we move our personal, financial, and governmental interactions to digital platforms, the need for reliable and efficient digital identity verification processes has become critical. Whether we are setting up a new bank account, making a purchase online, or accessing government services, confirming who we are in the virtual space is crucial to ensuring our security, the protection of o

Verification 88

Verification Identity Theft Money Laundering Due Diligence 88