The Payments Association

OCTOBER 28, 2024

The Payments Association (TPA)’s George Iddenden recently sat down with Peter Theunis, senior vice president sales and European managing director at BPC to discuss the remarkable transformation of the payments processing industry, driven by the rise of fintech, the shift towards digital payments, and evolving consumer behaviours. The traditionally stable environment, where banks outsourced processing to established providers, has been shaken up by the emergence of fintech players.

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Payments Dive

OCTOBER 29, 2024

The Consumer Financial Protection Bureau released its final open banking rule this month, leading the payments and financial services industries to begin preparing for a new era in data-sharing.

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Payments Next

OCTOBER 31, 2024

by Jim Merchant, Senior Program Director at BHMIFacing rising costs, competition, and complexity, many companies in the payments space are continually seeking The post Gaining Control of Transaction-Based Fee Structures first appeared on Payments NEXT.

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Fintech News

OCTOBER 30, 2024

OCBC announced that it is the first bank in Singapore to offer intraday institutional lending using blockchain technology. This approach aims to maximise returns on excess liquidity through reverse repurchase agreements (reverse repos) conducted on J.P. Morgan’s Digital Financing application, powered by the Onyx Digital Assets platform. OCBC is the first external counterparty with this reverse repo capability on the platform.

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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

Finextra

OCTOBER 28, 2024

The Governor of the Bank of England, Andrew Bailey has re-affirmed his support for a retail central bank digital currency, arguing that central banks are the "only game in town" as commercial banks lack the incentive to push for innovation.

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Fintech Finance

OCTOBER 29, 2024

Dragons’ Den stars Sara Davies and Deborah Meaden have joined forces with Our Dementia Choir founder and Line of Duty star Vicky McClure, to back Sibstar ’s Safe Spending For All Campaign. Sibstar, the UK’s leading debit card and app for people living with dementia, is today calling for banks and governments to work closer together to ensure safer spending for financially vulnerable people.

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Fintech News

OCTOBER 28, 2024

The Bank for International Settlements (BIS) and a group of central banks have successfully completed Project Mandala demonstrating automated compliance for cross-border transactions. Project Mandala was carried out in collaboration with the Reserve Bank of Australia, the Bank of Korea, Bank Negara Malaysia, and the Monetary Authority of Singapore. The initiative showcases how regulatory requirements can be embedded directly into cross-border payment processes, aligning with G20 priorities to ma

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Finextra

OCTOBER 31, 2024

The European Central bank has launched a call for expressions of interest in innovation partnerships for the digital euro.

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Payments Dive

NOVEMBER 1, 2024

“For better or for worse, applying pressure to payments organizations to ferret out bad-merchant actors seems to be an effective way for the FTC to make private industry police the merchant marketplace,” writes an industry lawyer.

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Fintech Finance

OCTOBER 28, 2024

FV Bank, in partnership with Visa, has today announced at Money20/20 Las Vegas (October 27-30), the launch of FV Bank’s new debit cards and corporate expense cards. Available to both U.S. and international customers and businesses, the individual debit cards and corporate expense cards can be used worldwide, providing individuals and businesses with seamless access to their FV Bank fiat and digital asset custody balances offering global payment convenience and enhanced financial flexibility.

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Fintech News

OCTOBER 31, 2024

FXC Intelligence, a data platform specializing in the cross-border payment and e-commerce sectors, has released its annual selection of the world’s most promising cross-border payments companies in 2024. This year, the list spotlights six companies from Asia, recognizing them for their rapid growth, increasing market significance, and strong potential for future success.

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Finextra

OCTOBER 31, 2024

Confirmation of Payee in the UK has been extended to cover almost 99% of all transactions made through Faster Payments and Chaps after more financial firms implemented the fraud-fighting protocol.

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Payments Dive

OCTOBER 30, 2024

A MoneyGram executive speaking at the Money 20/20 conference cooed about the trillion-dollar opportunity to lure cash users to digital options, but didn’t mention the company’s recent systemwide outage.

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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

OCTOBER 30, 2024

The FTC’s new “click-to-cancel” rule, designed to simplify the process of ending subscriptions, has created a stir, putting additional pressure on subscription businesses to reassess their strategies. Payment processing platform Solidgate surveyed 1,000 adults and found that 1 in 4 had upsetting unexpected charges with their subscriptions and 80% wouldn’t recommend a subscription service to a friend if they had trouble canceling it, while 1 in 3 consumers cancelled a subs

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Fintech News

OCTOBER 27, 2024

The Monetary Authority of Singapore (MAS) and the Infocomm Media Development Authority (IMDA) will implement the Shared Responsibility Framework (SRF) for phishing scams on 16 December 2024. The SRF, to be implemented via a set of SRF Guidelines, aims to strengthen the direct accountability of financial institutions (FIs) and telecommunications companies (telcos) for phishing scam losses.

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Finextra

OCTOBER 29, 2024

Deutsche Bank subsidiary Postbank is preparing to roll out a service that enables consumers to generate a barcode on their phone to withdraw or deposit around €1,000 per day at 12,500 retail locations in Germany

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Consumer 124

Payments Dive

OCTOBER 28, 2024

Plaid CEO Zach Perret expects consumers to use pay-by-bank services for mortgage and utility payments, but is skeptical they will be used to pay at restaurants or for groceries anytime soon, he said.

Consumer 122

Consumer Payments 122

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Payments

Fintech Finance

OCTOBER 31, 2024

Today, the Payment Systems Regulator (PSR ), marks another significant milestone in its fight to tackle fraud, as hundreds of additional financial firms adopt the name-checking service, Confirmation of Payee (CoP). This expanded rollout means that over 99% of all transactions made through Faster Payments and CHAPS are now safeguarded by this vital anti-fraud measure, offering consumers an important way to protect themselves from fraud.

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Fintech News

OCTOBER 28, 2024

Payments giant Mastercard has introduced Bill Qkr , a digital solution aimed at simplifying recurring and one-time bill payments for consumers and businesses. Bill Qkr offers a secure, card-based system designed to make payments easier for merchants, acquirers, payment facilitators, and service providers through flexible options and streamlined collection processes.

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Finextra

NOVEMBER 1, 2024

The US Securities and Exchange Commission (SEC) has charged JP Morgan Securities and JP Morgan Investment Management Inc. (JPMIM) in five separate actions.

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Security 116

PCI Security Standards

OCTOBER 31, 2024

The PCI Security Standards Council (PCI SSC) is pleased to announce a simplified onboarding process for laboratories seeking to conduct Mobile Payments on COTS (MPoC) evaluations and become MPoC-certified labs. This new streamlined approach removes previous barriers to entry while maintaining the Council’s rigorous security and quality standards.

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Mobile Payments Security Process Payments 113

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

OCTOBER 30, 2024

Tuum , a next-generation core banking provider, is pleased to announce the appointment of David Abbott as Vice President, Payments Business Unit and Strategic Accounts. With over three decades of leadership experience in the global payments and financial services industry, Abbott will spearhead Tuum’s strategy to expand its payments offering and strengthen relationships with key strategic accounts globally.

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Fintech News

OCTOBER 28, 2024

Thunes, a global payments company, has launched a new Pay-to-Card solution that allows its members to send real-time payments to 15 billion Mastercard, Visa, and UnionPay cards worldwide. This expansion increases Thunes ‘ global reach to 22 billion endpoints, adding to its existing capability to pay directly into 7 billion mobile wallets and bank accounts.

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Global Payments Visa Cross-Border Payments Cross-Border 118

Finextra

OCTOBER 30, 2024

Australia's ANZ is overhauling its business to create a new unified operations unit and a group-wide data and analytics function.

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Finezza

OCTOBER 30, 2024

As per a report, as of March 31, 2023, 2,623 borrowers classified as wilful defaulters in India owe Rs 1,96,049 crore to the banks in India. This highlights the inherent risks lenders face. Therefore, financial institutions (FIs) need robust credit risk management to minimise risk and boost returns and productivity. An early warning system can […] The post Proactive Credit Risk Management: Developing an Early Warning System appeared first on Finezza Blog.

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Credit Risk Risk Management Risk Returns 111

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Fintech Finance

OCTOBER 28, 2024

Dojo , a leading payment technology provider, has announced a major milestone in its mission to support small and medium-sized enterprises (SMEs) across the UK. Through its long-standing partnership with global embedded financing platform YouLend, Dojo has extended over £1 billion in flexible funding since 2020. Over the past four years, the partnership has provided financing to more than 20,000 businesses.

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Fintech News

OCTOBER 28, 2024

Finfra, an Indonesian lending-as-a-service infrastructure provider, has raised US$2.5 million in a funding round led by Cento Ventures. The fundraise was also joined by Accion Venture Lab, Z Venture Capital, and Avafin’s founder, Matiss Ansviesulis. The investment will help Finfra scale its embedded lending solutions to support Indonesia’s digital SME ecosystem.

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Finextra

OCTOBER 28, 2024

Tappy Technologies has launched a combined fitness and contactless payments ring.

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