Sat.Sep 14, 2024 - Fri.Sep 20, 2024

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August Tech Layoffs Highest Since January

The Finance Weekly

Sixty-four percent of tech companies pivot towards Artificial Intelligence (AI) to streamline operations. Tech giants like Apple, IBM, Cisco, Dell, and Intel were among the 48 companies that announced a whopping 26,024 job cuts. Over 400 tech companies have made similar announcements, affecting more than 130,000 workers, with January having the highest count of job cuts at 34,107.

AI 239
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Walmart, Fiserv team to offer real-time payments

Payments Dive

The retail giant and payments processor are targeting next year for offering consumers a real-time payment option online.

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Trending Sources

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Adapting to SEPA ICT: Overcoming compliance hurdles with technology

The Payments Association

With the rollout of new instant payment regulations under the SEPA Instant Credit Transfer (ICT) scheme, Europe’s cross-border payments landscape is significantly transforming. From overhauling existing systems to adjusting sanctions screening processes, firms need to navigate these complexities to stay compliant and competitive.

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You Thought You Knew Virtual Cards…Think Again

Payments Next

By John Toman, Co-founder & Chief Product Officer, Pivot Payables Commercial virtual cards have been available for years as a payment method The post You Thought You Knew Virtual Cards…Think Again first appeared on Payments NEXT.

Product 152
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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.

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Walmart to offer instant bank payments

Finextra

Walmart is teaming up with Fiserv to let online shoppers pay directly, and instantly, from their bank accounts.

Payments 138
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Fed payments proposal pits big banks against small rivals

Payments Dive

The Federal Reserve’s proposal to extend the operating hours of two interbank payments systems has been welcomed by large banks, but panned by many small financial institutions.

More Trending

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Apple turns on support for Tap to Cash NFC peer-to-peer mobile payments

NFCW

P2P: Tap to Cash enables users to send and receive Apple Cash by holding two iPhones together Apple Watch and iPhone users in the US can now use Apple’s Tap to Cash peer-to-peer money transfer service to transfer money to each other via NFC. The ability to use NFC to add a payment card to Apple Wallet is also being rolled out via a new Tap to Provision service.

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HSBC pilots quantum-safe technology for digital gold

Finextra

HSBC has successfully trialled the first application of quantum-secure technology for buying and selling tokenised physical gold.

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Who really pays for your credit card reward points?

Payments Dive

"While rewards may feel like a bonus for those who use credit cards regularly, they ultimately come at a cost," writes one payments executive.

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WeLab Eyes Third Virtual Bank, Applies for Thai License with Lightnet

Fintech News

Thailand’s Lightnet and Hong Kong-based fintech unicorn WeLab have teamed up to apply for a virtual bank license in Thailand. The aim is to enhance financial access for underserved retail customers and small businesses. Lightnet, co-founded by Chatchaval Jiaravanon and Lightnet Group, has a strong local presence, reaching 46 million Thai customers across sectors like agriculture, F&B, and e-commerce.

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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

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Unlocking the power of open banking data for business innovation

The Payments Association

How open banking can reshape finance, enabling personalised services, streamlined verification, and improved fraud detection.

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Citi COO relieved of responsibility for data overhaul following $136 million fine

Finextra

Citigroup is stripping chief operating officer Anand Selva of his responsibility for data compliance after the bank was hit with $136 million in fines for its failure to address long-standing deficiencies in risk management and data governance.

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Credit Card Competition bill backers keep pressure on

Payments Dive

Republican Sen. Roger Marshall has a new ad pitching the Credit Card Competition Act proposal aimed at dislodging Visa and Mastercard’s dominance.

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SCB Teams Up with Mastercard and Soft Space to Boost Contactless Payments

Fintech News

Siam Commercial Bank (SCB) has partnered with Mastercard and Malaysian fintech Soft Space to launch the ‘Effortless Payment Processing’ campaign. This initiative aims to accelerate the adoption of contactless payments in the Asia-Pacific region by providing eligible merchants with Android devices valued at over 3.25 million baht, pre-installed with the ‘SCB Tap-To-Pay’ service.

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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?

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Finovate Global Uzbekistan: Fintech Innovation and Banking Breakthroughs in Central Asia

Finovate

You never know where Finovate Global will take you on any given week. In our last edition, we spent time in Spain with wealthtech GPTadvisor. Before that, we were talking about Ireland’s Central Bank and its search for top fintech talent, new investment in mobile payments in the Philippines , and the pace of digital transformation in India’s financial services sector.

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Starling warns of rise in voice cloning scams

Finextra

Voice cloning scams – where fraudsters use AI technology to replicate the voice of a friend or family member – could be set to catch millions out, according to new research from Starling Bank.

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Amazon adds PayPal option to Buy with Prime

Payments Dive

The e-commerce platform will also let consumers connect their PayPal and Prime accounts next year, and access free shipping via Buy with Prime on some merchants’ sites.

PayPal 148
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UnionPay, AXS to Ease Bill Payments for Mainland Chinese Residents in Singapore

Fintech News

UnionPay has partnered with payment solutions provider AXS to introduce a new bill payment service tailored for Mainland Chinese residents living in Singapore. By leveraging the UnionPay app, users can now conveniently pay various bills, including household expenses, educational fees, electricity, condo management fees, season parking, town council fees, healthcare, and home services, directly from their Mainland China-issued UnionPay cards.

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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.

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Taiwan’s Fintech Push: Harnessing Innovation and Expanding Global Ties

The Fintech Times

Known for its technological advancements and industrial growth, Taiwan has also emerged as a notable player in the fintech sector. With a strong foundation in semiconductors and information technology, alongside government initiatives and a developing fintech ecosystem, Taiwan is steadily integrating digital innovation into its financial services. Taiwan, along with South Korea, Hong Kong SAR, and Singapore, forms the group known as the ‘Four Asian Tigers,’ renowned for their rapid

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Sweden's central bank threatens banks with legislation to protect access to cash

Finextra

Sweden's Riksbank is threatening banks with the propect of regulation to ensure business access to cash services.

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Google Wallet to add support for digital passports

NFCW

GOOGLE WALLET: Support is being added for passports, more State IDs and additional transit services “Starting soon, we’ll begin beta testing a new type of digital ID in Google Wallet, giving more people in more places a way to create and store a digital ID, now with a US passport,” Jenny Cheng, Google Wallet’s VP and GM, has revealed. “People are increasingly looking for ways to digitize everyday items — with one of the top requests being a digital ID,” Cheng explai

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Forrester Report: The Future of APAC Payments

Fintech News

In Asia-Pacific (APAC), the payment landscape is rapidly evolving, driven by the integration of advanced technologies, growing use of alternative payment methods and the rise of digital currencies. A new analysis by Forrester explores this dynamic ecosystem, highlighting the key trends and innovations that are reshaping the payment landscape. Integrating cutting-edge technologies The report emphasizes APAC’s innovative payment landscape, which has evolved from QR code payments in China to the in

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The Evolving Retailers Fulfillment Strategy: Meeting Demands with Agility

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

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PayRetailers Expands Further Into Africa, Boosting Financial Inclusion Across Eight Additional Key Markets

Fintech Finance

PayRetailers , the leading payment processor for Latin America, has today announced further expansion into Africa. With coverage now across 12 countries, the company offers a unified simple payment solution that will be a game changer for cross-border online merchants looking at Africa as their next move for strategic growth. PayRetailers offer a simple, user-friendly, and scalable experience to businesses looking to grow their regional operations and give them access to major local payment meth

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Why Real-Time Payments Are the Next Big Thing in Fintech

Finextra

Real-time payments (RTP) are emerging as a key innovation with the potential to revolutionize how mo.

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Insurance Claims Handlers Wary of AI Being Used to Alter Documents Reveals Sprout.ai

The Fintech Times

Since the cost of living crisis hit, the number of insurance claims has gone up. While many of these are valid, 65 per cent of insurance claims handlers have noticed an increase in fraudulent cases according to research from claims automation company, Sprout.ai. Two hundred insurance claims handlers were surveyed by Censuswide as part of the study and were asked how many cases they thought were fraudulent or manipulated by AI.

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dtcpay and Visa Partner to Enable Global Digital Currency Payments

Fintech News

dtcpay is integrating its digital payment capabilities into Visa ’s global network, giving access to over 130 million merchants across more than 200 countries and territories. The partnership’s first phase includes the launch of the dtcpay Visa Infinite card, allowing users—particularly ultra-high-net-worth (UHNW) individuals—to convert digital currencies like stablecoins into fiat at real-time rates.

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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.

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Paynetics Selects tell.money to Implement Confirmation of Payee (CoP) Service

Fintech Finance

Paynetics , a leading provider of embedded finance services, partners tell.money to implement the Confirmation of Payee (CoP) service. The collaboration ensures that Paynetics takes advantage of tell.money’s CoP service, allowing partners to embed financial services while staying fully covered with minimal effort. Paynetics will benefit from the CoP service provided by tell.money, gaining enhanced security and compliance capabilities that enable them to offer top-notch compliant and precis

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How to Build a Chargeback Payments Team in your Company

Clearly Payments

If your business accepts credit cards, chargebacks are a part of doing business. Chargebacks can impact your business’s revenue, reputation, and customer relationships. With rising fraud and online shopping, efficiently managing a chargeback team can be a big differentiator for your business. This guide provides an overall approach to managing a chargeback team, covering everything from key roles and responsibilities to leveraging technology, monitoring performance, and incorporating data-

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TBC Uzbekistan opens waitlist for digital business banking service

Finextra

TBC Uzbekistan, the leading digital banking ecosystem in Central Asia, launched a waiting list for its upcoming new product offering, TBC Business, set to go live later this year and become the country’s first fully digital banking service for SMEs and individual entrepreneurs.

Product 105
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Helicap Secures US$50 Million Credit Facility from Xendit’s Lending Arm

Fintech News

Helicap, a Singapore-based fintech platform, has closed its largest credit facility to date, securing US$ 50 million in collaboration with XenCapital, the lending arm of Xendit. Xendit, a fintech company operating across Southeast Asia, has raised US$ 515 million in venture capital funding. This partnership aims to provide capital to businesses in Southeast Asia, where digital lending has been a rapidly growing fintech sector.

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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.