Sat.Nov 30, 2024 - Fri.Dec 06, 2024

article thumbnail

Lead or be left behind: Adapting to the payment needs of every generation

Payments Dive

Meet the payment needs of every generation to boost loyalty, satisfaction and on-time payments.

Payments 173
article thumbnail

dtcpay Announces Shift to Stablecoin-Only Payment Services by 2025

Fintech News

Digital payment token provider dtcpay has announced a strategic shift to exclusively support stablecoins for all its payment services starting in January 2025. This move will see the phasing out of support for Bitcoin (BTC) and Ethereum (ETH) by the end of the year, while maintaining support for all other stablecoin and fiat currency services. The company emphasises the inherent volatility of cryptocurrencies like Bitcoin and Ethereum as a driving force behind this decision.

article thumbnail

Mambu Acquires Payment Technology Provider Numeral, Bolstering Its Market Position to Target New Growth Opportunities

Fintech Finance

Mambu, a leading cloud banking platform, has announced the acquisition of Numeral , a French payment technology provider for banks and fintechs. The acquisition strengthens Mambu’s position as an industry leader, in a move that underscores market confidence and growing demand for modern financial experiences. The addition of advanced payment capabilities represents a significant investment in the next phase of Mambu’s growth as an established market player.

article thumbnail

The Clearing House raises RTP transaction limit to $10M

Bank Automation

The Clearing House raised the transaction limit on its Real Time Payments network to $10 million, opening the door for new uses of the rail for commercial transactions. The Clearing House (TCH) expects to see growth in volume and use cases, Jim Colassano, senior vice president of product development at TCH, told Bank Automation […] The post The Clearing House raises RTP transaction limit to $10M appeared first on Bank Automation News.

article thumbnail

Breaking The Commerce Bottleneck: Your SAP Exit Plan Starts Now

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.

article thumbnail

Reflecting on 2024: A transformative year in payments regulation

The Payments Association

2024 reshaped payments with instant payment mandates, crypto regulations, and enhanced consumer protection driving innovation and security. In 2024, payments regulation underwent seismic shifts, with reforms spanning fraud prevention, digital innovation, and consumer protection, collectively redefining the industry’s future. From safeguarding consumers against fraud to accelerating innovation in digital payments, regulators across the globe have introduced sweeping reforms aimed at address

article thumbnail

Coinbase Sets Sights on Thai Baht and Philippine Peso Stablecoins

Fintech News

Coinbase, the global cryptocurrency platform, plans to introduce stablecoins pegged to the Thai baht and Philippine peso as part of its focus on Southeast Asia, according to a report by Nikkei Asia. The company currently has no plans to directly enter Southeast Asian jurisdictions. Instead, the company is focusing on its wallet business and blockchain platform Base to drive blockchain adoption by enabling local developers to create solutions for baht and peso stablecoins.

More Trending

article thumbnail

Introducing Journal Entry Management: Adding Controls and Streamlining Accounting

FloQast

In today’s fast-paced financial world, accounting teams are under pressure to ensure accuracy, compliance, and speed — all while managing increasingly complex data. The solution? FloQast Journal Entry Management. Part of FloQast’s Accounting Transformation Platform , this new tool is designed to simplify and automate journal entry workflows, reducing errors and saving time.

Accounts 105
article thumbnail

What Banks Can Learn from PayPal’s 2024 Payments Innovations

Payments Next

By Andy Newman, VP of Business Development, Wildfire Systems In 2024, PayPal demonstrated a forward-thinking approach to truly adding value for customers, The post What Banks Can Learn from PayPal’s 2024 Payments Innovations first appeared on Payments NEXT.

article thumbnail

Singapore to Launch Two New e-Payment Solutions in Mid-2025 to Phase Out Cheques

Fintech News

The Monetary Authority of Singapore ( MAS ) and the Association of Banks in Singapore ( ABS ) announced that two new electronic payment solutions will be launched in mid-2025. The Electronic Deferred Payment (EDP) and EDP+ solutions will offer businesses and individuals more convenient ways to make payments while phasing out the use of cheques. The solutions were developed in collaboration with all Domestic Systemically Important Banks (D-SIBs)—Citibank, DBS Bank, HSBC, Maybank, OCBC Singapore,

article thumbnail

The Mastercard Payment Passkey Service Debuts in Latin America with Sympla and Yuno

Fintech Finance

Mastercard has partnered with Sympla , the leading events platform in Brazil, and Yuno , a global payments orchestrator based in Latin America, to bring its Payment Passkey Service to the region and accelerate secure online checkout for shoppers. Beginning in January, Sympla and Yuno will be the first partners in the region to offer this innovative solution to their customers, followed by a wider roll out.

Visa 98
article thumbnail

From Start to Scale: Driving Growth Through Seamless Payments Implementation

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

article thumbnail

Deel Acquires Atlantic Money for Undisclosed Sum

Finovate

Deel has acquired U.K.-based international funds transfer company Atlantic Money. Terms of the deal were not disclosed. The acquisition marks Deel’s ninth acquisition. Deel will leverage Atlantic Money’s expertise to enhance its global payroll solutions, enabling businesses to send secure international payouts. Payroll and compliance company Deel has acquired international funds transfer company Atlantic Money.

article thumbnail

Consumers grab credit cards for holiday shopping

Payments Dive

Credit card debt will not slow shoppers down as they spend for the holidays, according to a new survey of U.S. consumers.

article thumbnail

Is Vietnam Undergoing a Cashless Revolution?

Fintech News

Vietnam is undergoing a transformation and moving towards becoming a cashless economy, a shift that has been driven by innovative financial solutions and public initiatives, a new report by Chiming, a market research firm focusing on Vietnam and Indonesia, shows. The Vietnam Consumer Trends 2024 report, released in October, explores key drivers set to fuel Vietnam’s growth and opportunities, highlighting that digital payment methods are gaining dominance, and helping improve financial inclusion

article thumbnail

dLocal and Spreedly Strengthen Partnership to Expand Global Payment Access in Emerging Markets

Fintech Finance

dLocal , the leading payment platform connecting global merchants to emerging markets, today announced the expansion of its partnership with Spreedly, the world’s leading Open Payments Platform. The enhanced agreement will expand the companies’ collaborative efforts beyond Latin America into Africa and Asia-Pacific (APAC), offering customers access to dlocal’s over 900 alternative payment methods (APMs) and the extensive benefits of Spreedly’s vast payment ecosystem in these hi

article thumbnail

15 Modern Use Cases for Enterprise Business Intelligence

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?

article thumbnail

Is Applied AI the Future of Payments Modernisation?

Finextra

AI is often seen as a catch-all term, but within it lies the transformative power of Applied AI—a targeted, focused approach with real-world impact. At Finextra’s inaugural ‘NextGenAI’ event, Raquel Gomes, Head of Innovation at Red Compass Labs, shared her passion for Applied AI in the FinextraTV studio.

AI 69
article thumbnail

UK SMEs Are Concerned About Preparedness For Cyberattacks as Fraud Rises Finds Mollie

The Fintech Times

Smaller businesses are finding themselves in murky waters as a new study from Mollie , the European financial service provider, reveals small and medium-sized enterprises (SMEs) are unprepared for cyberattacks amid a rise in fraud. The research found that 5.5 million SMEs lost 10,800 this year as a result of fraud. Consequently, Mollie found that nine in 10 SME senior c-suite executives are concerned for the survival of their company.

article thumbnail

Crypto.com Gains Mastercard License to Launch Crypto Cards in Bahrain, GCC

Fintech News

Crypto.com has secured a principal network license from Mastercard , allowing it to issue cards directly on the latter’s network. The collaboration will support the introduction of a new crypto-linked card programme, starting in Bahrain with plans to expand across the Gulf Cooperation Council (GCC) region. The programme will leverage Crypto.com’s recently acquired Payment Service Provider license from the Central Bank of Bahrain.

Visa 120
article thumbnail

Simplifying PCI Compliance and Elevating Payment Security: IXOPAY Merges With Aperia Compliance

Fintech Finance

I am beyond excited to share a transformative milestone in our journey to redefine the payments industry. Today, IXOPAY proudly announces its merger with Aperia Compliance, a global leader in Payment Card Industry (PCI) validation and risk management. This strategic alliance unites two industry frontrunners, creating an integrated powerhouse committed to delivering secure, compliant, and scalable payment solutions like never before.

article thumbnail

Top Strategies to Future-Proof & Sustain Your Merchant Services Portfolio

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.

article thumbnail

CFPB proposes rule to rein in data brokers’ sale of consumer information

Payments Dive

With the proposal, the federal agency aims to crack down on fraudsters and others seeking to use sensitive personal information for illicit activities.

CFPB 173
article thumbnail

Turn Away From Crypto: dtcpay to Exclusively Offer Stablecoins and Fiat Currency Solutions in 2025

The Fintech Times

dtcpay , the licensed payment service provider, has announced that it will no longer be supporting Bitcoin (BTC) and Ethereum (ETH) in the new year as it transitions to only support stablecoins for its Digital Payment Token (DPT) payment services. One of the primary reasons for this change is the volatility associated with cryptocurrencies. Many businesses and consumers need stability to conduct their transactions, meaning that turning to stablecoins and fiat currencies is the more reliable solu

article thumbnail

ADB, Mastercard to Bridge US$2.5 Trillion MSME Financing Gap in Asia

Fintech News

The Asian Development Bank (ADB) and the Mastercard Impact Fund have forged a new partnership to tackle the pressing financing challenges faced by MSMEs in Asia and the Pacific. This collaboration, facilitated by the Mastercard Center for Inclusive Growth, will initially focus on seven countries in the region – Georgia, India, Indonesia, Malaysia, the Philippines, Thailand, and Viet Nam.

Visa 127
article thumbnail

One Month to Go: PayRetailers Launches Enhanced Solution to Help Betting Operators Comply With Brazil’s New Sports Betting Regulations

Fintech Finance

PayRetailers , a leading payment processor in Latin America and Africa, has launched an enhanced Pix payment solution to assist betting operators in Brazil as they prepare for the new sports betting regulations set to take effect on 1 January 2025. Pix, Brazil’s instant payment system developed and managed by the Central Bank, has changed how transactions are made in the country.

article thumbnail

From Rigid To Resilient: Why Enterprises Need Modular Commerce Now

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.

article thumbnail

Mambu Acquires Numeral to Expand Payment Capabilities

Finovate

Cloud banking platform Mambu has made its first acquisition, acquiring French fintech Numeral to enhance its payment capabilities and expand its market reach. Numerals cloud-native platform will enable Mambu to offer end-to-end payment workflows, support multiple payment methods, and deliver real-time transaction capabilities to its clients. With growing demand for embedded payments and real-time payment experiences, this acquisition will help Mambu better serve its clients.

article thumbnail

Bybit Unveils Physical Bybit Card in Brazil, Removing Barriers to Everyday Crypto Spending

The Fintech Times

Crypto exchange Bybit , is launching a new physical Bybit Card in Brazil, following the success of its virtual offering which aims to remove barriers to everyday crypto sending. Bybit users in Brazil can now pre-register interest, with free card issuance on offer for a limited time. The crypto exchange has explained that it continues its mission to improve the accessibility of financial solutions to its global user base.

article thumbnail

Tenity to Invest in XRP Ledger Startups as It Doubles Down on DeFi

Fintech News

Tenity, a global innovation ecosystem and early-stage fintech investor, is expanding its focus on decentralised finance (DeFi) through its Incubation Fund II. The fund will provide support to startups building on the XRP Ledger (XRPL) across Asia and Europe. Backed by institutions such as UBS, SIX Group, Julius Baer, Generali’s House of InsurTech Switzerland, and Ripple, which is also a strategic partner and Limited Partner, the fund seeks to foster the development of blockchain-based financial

article thumbnail

Škoda and Parkopedia Enhance Valued in-car Payment Service

Fintech Finance

Parkopedia and Škoda have updated notifications on their in-car payment service to now include helpful prompts to inform drivers when they are approaching locations that support in-car payment transactions, building upon the existing collaboration that currently provides convenient in-car payments for parking and fuelling. This ‘nudging’ functionality enables drivers to easily locate parking and fuelling sites, with useful notifications now appearing on their vehicles’ infotainment screens to i

Payments 104
article thumbnail

7 Essential Criteria for Choosing the Right Payments Partner

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.

article thumbnail

Transforming the UK’s Payments Infrastructure

The Payments Association

Payments Association has released a report, “Transforming the UK’s Payments Infrastructure,” proposing a revamp of the UK’s payments. The paper argues that the current system of account-to-account (A2A) payments hinders consumer choice and investment and proposes a new model inspired by the success of the card payments model.

article thumbnail

Reserva Boosts Conversion Rates With Range of New Payment Options in Partnership With Yuno

The Fintech Times

Reserva , one of the largest fashion retailers in Brazil, has joined forces with payment orchestrator Yuno , in a move to unlock more sustainable growth. By leveraging technology from Yuno, alongside streamlined payment management, Reserva has revealed it successfully increased its purchase conversion rate by four per cent while also enhancing operational efficiency, optimising fraud prevention, and delivering a smoother customer experience.

article thumbnail

Embedded Finance Is Making Payments Easier for Everyone Across Asia

Fintech News

Have you ever wondered how easy it has become to pay for a ride or order food through an app without pulling out a card or cash? Not because it’s free, but because the payments were seamlessly integrated into the apps you’re using. This is embedded finance at work, and it’s quietly transforming the way we interact with money – without most of us even realising it.

article thumbnail

Yuno Partnership Supercharges Growth for Brazil’s Most Innovative Retailer

Fintech Finance

Reserva, a leader in Brazil’s innovative customer experience and digital engagement among fashion retailers, has unlocked sustainable growth through a strategic partnership with Yuno , the world’s leading payment orchestrator. By leveraging Yuno’s cutting-edge technology and streamlined payment management, Reserva increased its purchase conversion rate by 4 percentage points while enhancing operational efficiency, optimizing fraud prevention, and delivering a smoother customer experi

article thumbnail

Enhance Customer Value: Unleash Your Data’s Potential

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.