Payments Dive

NOVEMBER 12, 2024

Debit and credit card users under 40 years old are more likely than older peers to experience fraud in making payments, a recent J.D. Power survey found.

Credit Cards 173

Credit Cards Payments 173

Basis Theory

NOVEMBER 12, 2024

Historically, data security has been treated as featureless and burdensome—but a necessary expense incurred by organizations. Tokenization, however, has reframed the conversation, leading to an explosion in its usage. Today, we can tokenize anything from credit card primary account numbers (PAN) to one-time debit card transactions or social security numbers.

Encryption 157

Encryption Payment APIs and Integration PCI DSS Returns 157

Fintech News

NOVEMBER 10, 2024

The payment ecosystem is grappling with a rapidly evolving fraud landscape, characterized by a sharp rise in purchase return authorization (PRA) attacks, increasingly sophisticated ransomware schemes and the growing misuse of artificial intelligence (AI) by cybercriminals, a new report by Visa Payment Fraud Disruption (PFD) says. The State of Scams: Fall 2024 Biannual Threats Report, released end of October, highlights emerging threats and scams targeting the payment ecosystem, emphasizing the h

Ransomware 119

Ransomware Data Breach Scams AI 119

Fintech Finance

NOVEMBER 13, 2024

Blink Payment , a UK paytech platform that offers businesses seamless digital payment solutions, today announces its entry into B2B fashion payments through integration with ERP Zedonk , in a move that will enable more than 1,000 leading fashion brands and showrooms to streamline their buyer payments. Zedonk currently services over 1,000 brands and showrooms across 45 countries, many of whom distribute their products to individual retailers.

B2B 105

B2B Reconciliation Payments Payment Reconciliation 105

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.

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Clearly Payments

NOVEMBER 13, 2024

In payment processing, one component of the payment processing tech stack involving credit or debit cards is the Bank Identification Number or BIN. Although BINs play a critical role in how payments are processed and authenticated, they often go unnoticed by the average consumer or merchant. For payment processors and financial institutions, however, understanding BINs is essential for smooth transaction processing, security, and even risk management.

Process 104

Process Processors Payments Compliance 104

The Fintech Times

NOVEMBER 12, 2024

The mastermind behind the accelerator programme Base Camp, Outlier Ventures , the Web3 accelerator, has announced that Bando , Berry Investing , Fact Finance , Loula and IDENTI will be taking part in its Latin America (LatAm) edition. The LatAm Base Camp is an inaugural accelerator programme dedicated to partnering with Web3 startups in Latin America.

Stablecoins 101

Stablecoins Cross-Border Financial Inclusion Underserved 101

Fintech Finance

NOVEMBER 12, 2024

Mirakl , the leading provider of eCommerce software solutions, has chosen Mangopay’s modular payment technology to power its Mirakl Payout solution in Europe. Through this collaboration, Mirakl Payout integrates Mangopay’s e-wallet technology and know-your-business (KYB) capabilities, enhancing marketplace payouts. Mirakl Payout streamlines payment operations for Mirakl customers, providing a fully automated, transparent solution for managing complex payment flows, including seller onboarding,

Facilitators 111

Facilitators Volume Transactions Compliance 111

The Payments Association

NOVEMBER 12, 2024

What is this article about? Whether financial institutions should build or buy financial crime management systems. Why is it important? The choice affects compliance, efficiency, and fraud prevention capabilities. What’s next? Institutions may lean toward hybrid solutions to balance customisation with vendor support. As Financial crime grows increasingly complex, payment leaders face a critical choice: build an in-house financial crime management (FCM) solution or buy an established third-

Financial Crimes 88

Financial Crimes Crime Fraud Prevention Compliance 88

Stax

NOVEMBER 14, 2024

Credit card processing can be overwhelming, expensive, and confusing. And yet, accepting non-cash forms of payments is more or less required to operate a modern business, at least in the U.S. Credit, debit, and digital payments have far and away become the most popular payment method. Cash has dropped to less than 20% of all US payments in recent years.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Payment APIs and Integration 88

Fintech News

NOVEMBER 13, 2024

Cake by VPBank, a Vietnamese digital bank, has collaborated with Visa to launch a cloud-based card management system (CMS). The system, built on Google Cloud infrastructure and using Visa Cloud Connect, integrates with Visa’s global payment network. The CMS aims to enhance payment processing in Vietnam by leveraging cloud infrastructure, allowing for secure and streamlined operations.

Debit Card 117

Debit Card Financial Inclusion Credit Cards Payment Networks 117

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 13, 2024

Aryza Group , a leading provider of financial software solutions, has announced the expansion of its partnership with GoCardless , a global bank payment company. This collaboration transforms the existing technology relationship into a comprehensive partnership that includes an introducer agreement across all Aryza platforms globally. Since becoming a technology partner in 2022, GoCardless has played a vital role in Aryza’s payment solutions.

Payment Solutions 98

Payment Solutions Payments Agreements On-Demand 98

The Fintech Times

NOVEMBER 13, 2024

Both seasoned users and newcomers to the crypto scene will be able to transact and explore the web3 space using the Avara Family Wallet, the new non-custodial crypto wallet with built-in messaging. Avara, the parent company behind Aave Labs and Lens , has launched this new Ethereum wallet to ensure users remain in full control of their assets, private keys and sensitive data.

Encryption 109

Encryption Transactions Credential Audit 109

The Payments Association

NOVEMBER 12, 2024

Independent UK law firm Burges Salmon has announced the appointment of partner Martin Cook as the new head of the firm’s significant and fast growing Financial Services sector. In his new role, Martin will play an instrumental part in continuing to grow the firm’s presence in the sector and enhancing its innovative solutions to continue to support clients with every day legal needs, business critical projects and every touchpoint in between.

Cross-Border 88

Cross-Border Disputes Legal Laws 88

Fintech News

NOVEMBER 12, 2024

SCB 10X, a subsidiary of SCBX Group, has launched Rubie Wallet, a digital wallet specifically designed for international visitors attending Devcon 2024 and related side events in Bangkok. Rubie Wallet marks Thailand’s first implementation of Purpose-Bound Money (PBM), introduced under the regulatory sandbox framework established by the Bank of Thailand (BOT) and the Securities and Exchange Commission (SEC).

Stablecoins 117

Stablecoins Bots Financial Inclusion Payments 117

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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?

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Fintech Finance

NOVEMBER 14, 2024

Unlimit , the global fintech company, has today announced its partnership with Pagaloop , a prominent Latin American B2B payments and cash flow management platform. The partnership will focus on strengthening the Pagaloop app’s credit and debit card processing capabilities and ensuring high approval rates to facilitate the company’s continued expansion in the region.

Credit Cards 97

Credit Cards Debit Card Payroll Economy 97

Stax

NOVEMBER 13, 2024

Understanding ACH credit payments means understanding the way in which different types of ACH payments are processed in the US banking system. ACH credit payments differ from ACH debit payments and both are distinct from credit and debit card payments. In this article, we will explore the differences between each type of payment along with their key features and benefits.

ACH 88

ACH ACH Network Payer Payee 88

The Payments Association

NOVEMBER 11, 2024

Open banking, the initiative allowing third-party providers (TPPs) access to customer financial data with explicit consent, promised a revolution in the financial landscape. Initially lauded as a catalyst for innovation and consumer empowerment, its European rollout, while making significant progress, has fallen short of initial expectations. This article delves into the goals, challenges, and future of open banking, focusing specifically on the profitability concerns hindering widespread adopti

Payment APIs and Integration 88

Payment APIs and Integration API Privacy Regulations 88

Fintech News

NOVEMBER 11, 2024

The National Bank of Cambodia (NBC) has launched the Bakong Tourists app in collaboration with Mastercard at a ceremony in Phnom Penh. The app simplifies digital payments for international tourists visiting Cambodia. Tourists can download the app upon arrival and seamlessly top up their Bakong accounts using their Mastercard issued in their home countries.

Visa 117

Visa Payments Economy Governance 117

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Payments

Fintech Finance

NOVEMBER 13, 2024

Mastercard today announced its vision to transform online shopping by 2030. Imagine a future where no physical card numbers are needed for purchases. Where passwords or one-time codes are obsolete, and secure on-device biometrics allow seamless authentication across devices and websites, ensuring personal data stays on the device. This vision is already becoming a reality today in major markets and is poised to become ubiquitous within a few short years.

Visa 98

Visa Authentication Payments Issuers 98

The Fintech Times

NOVEMBER 14, 2024

The Middle East has traditionally been associated with a reliance on an economic reliance on the region’s rich oil reserves. However, following the Covid pandemic, and various governmental initiatives, many countries focused on diversifying their economies and bolstering growth and innovation across various sectors. However, according to Fuse , a company committed to building a common layer of infrastructure across payments across the Middle East and North Africa (MENA), the region remains

FinTech 78

FinTech Payments Emerging Payments APACS 78

The Payments Association

NOVEMBER 12, 2024

In an era marked by technological advancements and evolving consumer preferences, high-end banks and financial institutions are constantly seeking for innovative ways to cater for the demands of the discerning mass affluent market. One trend that has been gaining significant traction is the growing demand for metal cards. These sleek and sophisticated cards are not just a status symbol; they are a strategic tool that can significantly boost customer retention.

Continuity 88

Continuity On-Demand Innovation Payments Tools 88

Fintech News

NOVEMBER 13, 2024

Payment giant Visa announced its commitment to supporting digital creators by recognising them as small businesses at the Web Summit in Lisbon. This provides creators with access to Visa’s financial tools, resources, and products, including business cards, payment controls, and programmes like Practical Business Skills, previously only available to traditional small businesses.

Small Business 122

Small Business Financial Literacy Debit Card Real Time Payments 122

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 Finance

NOVEMBER 14, 2024

Mollie , one of Europe’s fastest-growing financial service providers, today announces its official launch in Italy, marking a significant milestone in its mission to make payments and money management effortless for every business in Europe. The expansion will enable Italian businesses to access a single platform designed to simplify payment processing, reporting and fraud prevention.

Payment Solutions 98

Payment Solutions Cross-Border Payments Fraud Prevention 98

NFCW

NOVEMBER 13, 2024

TESTING: Cilab’s high speed test solution supports transport ticketing certification PARTNER NEWS: Testing and certification services provider Cetecom Advanced has selected Cilab’s ISO/IEC TS 24192 PICC PCD Level 1 testing solution to support the expansion of its portfolio of terminal and transport ticketing testing and certification services.

ISOs 106

ISOs Accreditation EMV Interoperability 106

The Payments Association

NOVEMBER 12, 2024

Dialect Communications, an award-winning Business Process Outsourcer (BPO) that provides front and back office solutions in the Payments sector across the globe is thrilled to partner with Yordex, a provider of cards, Ibans and cross border payments helping businesses to offer their own cards and automate their payouts. The collaboration merges Dialect’s expertise in customer experience within the Payments sector to provide industry leading customer support solutions for the Yordex customer base

Cross-Border Payments 88

Cross-Border Payments Cross-Border IBAN Card Issuer 88

Fintech News

NOVEMBER 13, 2024

Canadian payments firm Nuvei Corporation announced that it has received all necessary regulatory approvals for its plan to go private. The move is part of an arrangement with Neon Maple Purchaser Inc., an entity formed by Advent International, in collaboration with Nuvei CEO Philip Fayer, Novacap Management Inc., and CDPQ. The transaction, valued at approximately US$6.3 billion, is expected to close on or around 15 November 2024, pending the satisfaction of remaining closing conditions.

FinTech 120

FinTech Transactions Continuity Process 120

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 13, 2024

Citi (NYSE: C) and Bank of Shanghai launched a first-of-its-kind payments solution on Bank of Shanghai ’s TourCard. The TourCard aims to provide international travelers a straightforward, cost-efficient and more streamlined Chinese yuan renminbi (CNY) payment journey while traveling in China. The payment service is facilitated by Citi’s industry-leading USD Clearing solution and its full-value transfers, which ensures the final beneficiary receives their money at full value with no deductions.

Payment Solutions 97

Payment Solutions Online and Mobile Banking SWIFT Payments 97

Payments Dive

NOVEMBER 10, 2024

In a new report, the card network detailed cyber schemes and scams that have led it to invest $11 billion over the past five years in improving its systems.

Scams 186

Scams 186

Finextra

NOVEMBER 14, 2024

In this PREDICT 2025 interview, Gautam Pillai, Head of Fintech Research at investment bank Peel Hunt, looks at the bigger picture and takes into account how the payments industry is transforming alongside consumer trends. Buzz and excitement surrounds three developments, which are embedded payments, cross border payments and generative AI and the interview discusses how organisations working in these areas are already helping businesses transact easier, faster and in a way where they are not sac

Cross-Border 72

Cross-Border Cross-Border Payments Embedded Payments Innovation 72

Fintech News

NOVEMBER 11, 2024

The Deutsche Bundesbank has become a member of Project Guardian , a global initiative led by the Monetary Authority of Singapore (MAS) that explores the use of asset tokenisation in financial markets. As the German member of the Eurosystem and the monetary authority for Germany from 1957 to 1998, the Bundesbank brings its expertise to the project. Launched in May 2022, Project Guardian brings together policymakers and key financial industry players to improve market liquidity and efficiency thro

Central Bank 128

Central Bank Distributed Ledger Technology (DLT) Interoperability Cross-Border 128

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