Sat.Feb 08, 2025 - Fri.Feb 14, 2025

article thumbnail

Payment tools proliferate, consolidation looms

Payments Dive

“The winners in this consolidation won't necessarily be the biggest players,” writes a checkout technology company CEO. “They'll be the ones who understand that consumers don't want more payment options — they want better ones.

article thumbnail

Top regulatory priorities for the payments sector

The Payments Association

In 2025, payments firms must prioritise compliance, open banking expansion, and stablecoin readiness to navigate regulatory shifts and drive growth. With regulatory scrutiny at an all-time high, payments firms must keep pace with evolving regulations to avoid financial penalties and reputational risks. In 2025, three priorities stand out: safeguarding customer funds, expanding open banking, and preparing for stablecoin regulation.

article thumbnail

TrueLayer Hits 10 Million Consumers, Acquiring a New User Every 3 Seconds

Fintech Finance

TrueLayer , Europe’s leading Pay by Bank provider, is proud to announce that its consumer network has now surpassed 10 million active users, with a new user now joining every 3 seconds. This rapid growth highlights the accelerating demand for seamless, secure and cost-effective digital payments, with TrueLayer’s Pay by Bank solution leading the charge.

article thumbnail

Identity Fraud Attacks on Social Media Rose by 27% in 2024 Alone, Reveals AU10TIX

The Fintech Times

User-friendly fraud-as-a-service (FaaS) kits that enable amateurs to execute complex attacks against thousands of accounts in minutes are becoming increasingly available online, AU10TIX , the identity verification and management technology provider, has revealed. In a new report on global identity fraud in 2024, AU10TIX highlights how FaaS platforms offer all of the tools, templates and automation that fraudsters need to commit widescale identity fraud, deepfakes, and cyberattacks, including: De

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

StraitsX Launches Crypto Payment Card with RedotPay and Visa

Fintech News

StraitsX, a Southeast Asian digital asset infrastructure provider, has partnered with RedotPay and Visa to launch a new digital asset-backed card programme in Singapore. The company is the Visa BIN sponsor for the initiative, enabling users to convert and spend their digital assets at millions of Visa merchants globally. StraitsX s infrastructure facilitates the seamless conversion of digital assets into spendable funds, ensuring compatibility with traditional payment systems.

Payments 112
article thumbnail

Navigating AML obligations in the age of virtual IBANs

The Payments Association

Navigating AML obligations in the age of virtual IBANs February 10 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The compliance challenges of virtual IBANs, focusing on AML obligations and regulatory gaps. Why is it important? While vIBANs offer innovation in payment systems, they introduce risks like money laundering due to insufficient oversight.

IBAN 88

More Trending

article thumbnail

EY: MENA Region Experienced ‘Bumper Quarter’ in Q4, as 25 IPOs Make up 46% of Total 2024 Activity

The Fintech Times

Optimism remains high across the Middle East and North Africa (MENA), with the region looking to strengthen the capital markets infrastructure and boost future liquidity. MENA markets enjoyed a successful 2024, seeing a total of 54 initial public offerings (IPOs) last year, raising a total $12.6billion, according to the MENA IPO Eye Q4 2024 report by EY.

Laws 69
article thumbnail

Payment Processing for Small Businesses: What They Don’t Tell You

Clearly Payments

Many business owners dont realize that payment processing is a little more complex than it seems. From hidden fees to chargeback risks, theres a lot that payment providers dont always disclose upfront. In this article, well break down the essential facts, statistics, and insider knowledge you need to navigate the payment processing landscape effectively.

article thumbnail

Open banking: The e-commerce puzzle

The Payments Association

Open banking has potential in e-commerce, but its success depends on finding the right fithigher-value transactions and strategic incentives could unlock its true impact. Open banking has certainly made some noise in recent years, especially in the UK, where it hit a milestone of 11.3 million users by mid-2024a figure that’s doubled since 2022, according to Open Banking Ltd.

article thumbnail

Cashflows Unveils SUNMI Payment Terminal Offering to Provide Fast Yet Seamless In-Person Transactions

Fintech Finance

Cashflows, the platform that makes it easy for businesses to accept payments, today announces its new offering of SUNMI in-person payment terminals. The Android devices will be available to Cashflows partners and customers from today, enhancing the already robust in person payment offering. Alongside Kinetic Smart Solutions, Cashflows has made the switch to offer SUNMI machines, which offer simple integration options via a RESTful API or direct Android broadcasts.

ISVS 59
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

Payment Technology is a Strategic Growth Driver: PXP Reveals New Attitude Toward Tech Adoption

The Fintech Times

Payment technology has always needed to be relatively up to date as without it, customers are likely to abandon one organisation and go somewhere where they can have a better checkout experience. Up until now, operational necessity has driven the adoption of payment technology, however, new findings from PXP , an omnichannel global payment platform, reveal that times are changing as merchants are starting to view it as a strategic growth driver.

article thumbnail

Singapore to Consolidate National Payment Schemes Under New Entity

Fintech News

The Monetary Authority of Singapore ( MAS ) and the Association of Banks in Singapore ( ABS ) have announced plans to establish a new entity to oversee Singapores national payment schemes. The initiative aims to improve coordination and decision-making across national payment schemes such as FAST, GIRO, PayNow, and SGQR, which are currently managed by various administrators, including the Singapore Clearing House Association (SCHA), ABS, MAS, and the Infocomm Media Development Authority (IMDA).

article thumbnail

Cross-border payments and UPI revolution in India

The Payments Association

UPI is revolutionising cross-border payments, expanding Indias digital payment influence through global integration, regulatory reforms, and strategic partnerships. The introduction of the unified payments interface (UPI) in 2016 marked a transformative shift in India’s digital payments landscape. Designed for speed, interoperability, and user-friendliness, UPI has become the backbone of India’s payment ecosystem.

article thumbnail

BNY Sends Largest Instant Payment in U.S. History, $10 Million Following Transaction Limit Increase

Fintech Finance

Today, The Clearing House and BNY (NYSE: BK), announced the successful completion of the largest instant payment in U.S. history and the first-ever payment on the RTP network exceeding $1 million, following the recent increase in the networks transaction limit. The $10 million inter-company liquidity management payment, from a leading, global transfer agent, Computershare, to an account at another financial institution, marks a significant milestone in the evolution of instant payments, unlockin

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

Trust Bank and Terrapay Partner: Speeding up Payments for Bangladeshi Students WorldWide

The Fintech Times

With the traditional payment landscape in Bangladesh not serving students abroad well, Trust Bank , the private commercial bank in Bangladesh and Terrapay , the global money movement company, have partnered to tackle this issue. Together, Trust Bank and Terrapay are offering students in Bangladesh an alternative to the traditional payment system through a secure, completely digital and frictionless process for international transactions.

article thumbnail

Can Agentic AI in Fintech Transform Financial Services Through Autonomous Intelligence?

Fintech News

The financial services industry has consistently led the way in embracing technological advancements, with Generative AI (GenAI) emerging as a transformative force in recent years. GenAI has contributed significantly to analysing vast datasets and enhancing customer interactions through chatbots and personalised services. However, the emergence of Agentic AI marks a significant evolution in this landscape.

AI 83
article thumbnail

64% of UK and US merchants cite payment technology as biggest growth driver

The Payments Association

PXP , a leading omnichannel global payment platform and innovative industry disruptor, today announces the findings of an exclusive survey of UK and US merchants appetite for digital payments transformation. The research reveals that 64% of merchants now view payment technology as a strategic growth driver rather than just an operational necessity. With 2025 set to usher in accelerating digital transformation across the entire payment and merchant landscapes, PXP, in collaboration with leading p

article thumbnail

NCR Atleos Honored With ATMIA Outstanding Service Award

Fintech Finance

NCR Atleos Corporation (NYSE: NATL) (Atleos), a leader in expanding self-service financial access for financial institutions, retailers and consumers, has announced that it has received the ATM Industry Association (ATMIA) Outstanding Service Award. The award recognizes Atleos’ exceptional contributions to the industry, highlighting its long-term positive influence, excellence in technology and service, leadership in best practices, and specific, measurable achievements that have produced

ATMIA 93
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

Juniper forecasts 50% growth in QR mobile payment transactions

NFCW

Mobile payments made via QR codes will grow in value by 50%, from US$5.4 trillion in 2025 to more than US$8 trillion in 2029, Juniper Research predicts. The two primary factors driving the sustained appeal of QR codes are lower operational costs and universal compatibility, the analysts say, while the standardisation of national QR schemes and Account-to-Account (A2A) payment initiatives “will be a key factor in driving the adoption of QR code payments” However, “despite this g

article thumbnail

Deutsche Bank cuts 3,500 jobs, adds 1,300 tech positions

Bank Automation

Deutsche Bank is restructuring expenses aimed at investing in technology, reducing overall headcount and exiting certain business lines. The $1.3 trillion bank is looking to drive efficiencies and reduce operating costs, Chief Executive Christian Sewing said during the banks fourth-quarter earnings on Jan. 30. The bank hired 1,300 tech specialists, while eliminating 1,800 contractors and […] The post Deutsche Bank cuts 3,500 jobs, adds 1,300 tech positions appeared first on Bank Automation

article thumbnail

Economic Crime and Corporate Transparency Act examined: A guide to avoiding failure-to-prevent fraud measures

The Payments Association

Economic Crime and Corporate Transparency Act examined: A guide to avoiding the failure-to-prevent fraud offence February 6 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The Economic Crime and Corporate Transparency Act 2023, specifically the “failure-to-prevent fraud” offence, and outlines how businesses can mitigate fraud risks.

Crime 88
article thumbnail

Conferma and WEX Simplify B2B Payments for Concur® Invoice Customers

Fintech Finance

Leading virtual payments provider Conferma has partnered with global commerce platform WEX to enable Concur Invoice customers to dramatically reduce costs and control their B2B payments spend. This innovative integration, which will be available globally in all markets and currencies supported by WEX, will provide Concur Invoice customers the functionality to pay suppliers using WEX issued virtual Mastercards powered by Confermas pioneering technology.

B2B 86
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

Tuma Ventures Secures PSP Licence From Bank of Tanzania

The Fintech Times

Tuma Ventures Limited, the payments company regulated by the Financial Conduct Authority (FCA), has now secured approval as a licensed Payment System Provider (PSP) from the Bank of Tanzania. Having obtained the PSP licence, Tuma Ventures is able to offer a comprehensive suite of financial services in Tanzania, including real-time payment processing for merchants, mobile wallet solutions, and float management for other fintechs.

article thumbnail

Atlético de Madrid adds support for NFC ticketing

NFCW

NFC TICKETING: Fans download tickets to their mobile phone’s iOS or Android wallet to access the stadium Atltico de Madrid has become the first member of Spain’s LaLiga soccer league to add support for NFC ticketing. Fans attending matches at the team’s Riyadh Air Metropolitano home stadium can download their ticket to their iOS or Android wallet and then use their mobile phone to gain access to the stadium.

article thumbnail

Dialect announces new partnership with Kaldi

The Payments Association

Dialect, an award-winning payments specialist and customer experience provider, is thrilled to offer first-line customer service and back-office support to Kaldi, a UK-based fintech company offering savings and investment accounts through its innovative payments app. Kaldi, dedicated to financial wellness, aims to transform the finances of Gen Z and Millennials by providing simple and effective savings and investment solutions, encouraging them to “save earlier and better.” Kaldi cus

article thumbnail

Trustly and Kivra Set a New Standard for Seamless Digital Payments in Sweden

Fintech Finance

Kivra and Trustly have developed a new generation of Autogiro, making automatic payments easier than ever. The service allows users to register direct debit with a simple BankID confirmation, lowering the barriers to sign-up. For businesses, the solution can drive more on-time payments, reduce administrative workload, and enhance the customer experience.

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

Finastra Launches Assist.AI: Nurturing the Next Wave of Trade Finance Experts

The Fintech Times

There is a diminishing knowledge base in the trade finance industry, as new entrants into the field cannot compare to their seasoned mentors and veterans of the sector. To put a dent in this issue, Finastra , the financial software and solutions provider, has launched its new AI-powered assistant, Assist.AI. Assist.AI by Finastra is built on architecture powered by Microsoft Azure OpenAI Service.

Finance 75
article thumbnail

PSR delays regulatory requirements for Reimbursement Claims Management System (RCMS)

Neopay

The Payment Systems Regulator (PSR) has issued an important update regarding the implementation of the Reimbursement Claims Management System (RCMS). Originally planned for May 2025, the regulatory requirements for RCMS will no longer be introduced on this timeline, as the PSR has determined that this is no longer feasible. Instead, a consultation on the systems implementation will take place in April 2025.

Scams 52
article thumbnail

Tabby doubles valuation to $3.3B in $160M funding as it looks beyond BNPL and plans IPO

TechCrunch Fintech

Consumer demand for credit options varies across regions, and for fintechs, understanding these differences is key to survival. In developed markets, where credit cards are common, consumers often view buy now, pay later (BNPL) offerings positively because of their flexible installment options. But in emerging markets like the Middle East, where credit card penetration is […] 2024 TechCrunch.

BNPL 83
article thumbnail

Klarna Signs with J.P. Morgan Payments to Expand Merchant Services Offering

Fintech Finance

Klarna , the AI-powered global payments network and shopping assistant, has signed an agreement with J.P. Morgan Payments that will, for the first time, make Klarnas Buy Now, Pay Later (BNPL) payment options available to businesses that rely on J.P. Morgan Payments for payment processing. J.P. Morgan Payments, the worlds largest merchant acquirer, processes more than $2 trillion in payment transactions annually and is a powerful provider to help expand Klarnas global presence, supporting consume

BNPL 80
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.