Sat.Jul 13, 2024 - Fri.Jul 19, 2024

article thumbnail

The Role of PCBs in Cybersecurity

VISTA InfoSec

As fraudsters are continuously finding new ways to strike, we’re continuously finding new ways to prevent them with controls such as encryption, multi-factor authentication, fraud detection software, etc. But not everyone is aware that it all begins with how electronic devices are designed. With the way Printed Circuit Boards (PCBs) are laid out and built, to be precise.

article thumbnail

FedNow zooms past RTP participation in inaugural year

Payments Dive

The Federal Reserve’s nascent instant payments system has collected hundreds of bank participants across the country in its first year of operations, although a few major banks are holdouts.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

A New Take on the Oldest Form of Bill Payment: Cash

Payments Next

By Michael Kaplan, EVP, PayNearMe What’s in your wallet? That’s a well-known slogan for a major credit card, but it’s also an The post A New Take on the Oldest Form of Bill Payment: Cash first appeared on Payments NEXT.

article thumbnail

Marble Insurance Maintains PCI Compliance with Basis Theory

Basis Theory

With dozens of personal lines of insurance and an overwhelming amount of policy options, Marble developed a Super App for all personal insurance policies. Marble is responsible for maintaining the personal insurance data of their users and, in return, provides quotes and comparisons, essentially acting as a licensed insurance agency underneath the hood of a tech company.

article thumbnail

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

article thumbnail

UK RTGS Chaps goes down

Finextra

The Bank of England says a 'global payments issue' dealyed high value payments, including house purchases, processed through the national real-time gross settlement system Chaps.

More Trending

article thumbnail

UAE and Indonesia Enhance Payment Systems Cooperation, Eyes QR Linkage

Fintech News

The Central Bank of the UAE (CBUAE) and Bank Indonesia (BI) have signed a Memorandum of Understanding (MoU) to enhance bilateral cooperation in payment systems. This agreement was part of a visit to the UAE by Indonesian President Joko Widodo. The MoU was signed by Khaled Mohamed Balama, Governor of the CBUAE, and Perry Warjiyo, Governor of BI. It builds on a previous MoU from November 2023, which facilitated cooperation in payment systems and digital innovation, and supported the use of local c

article thumbnail

Adaptive builds automation tools to speed up construction payments

TechCrunch Fintech

Adaptive is a platform that provides tools designed to simplify payments and accounting for general construction contractors. © 2024 TechCrunch. All rights reserved. For personal use only.

article thumbnail

Bank of America, JPM, TD and Visa affected by global CrowdStrike outages

Bank Automation

Banks, airlines and other organizations using Microsoft have reported down systems across the globe as cybersecurity firm CrowdStrike is suffering from the biggest IT outage in history.

article thumbnail

Chase stops customers using credit cards to make BNPL instalment payments

Finextra

Chase customers will soon be banned from using their credit cards to pay for third-part BNPL instalment plans.

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

Same Day ACH Reaches New Heights as ACH Network Volume Increases

NACHA

HERNDON, Virginia, July 18, 2024 – Same Day ACH reached new heights of payment volume and value as the modern ACH Network posted significant volume and value increases in the second quarter of 2024, Nacha reported. There were 8.3 billion ACH payments in the second quarter, an increase of 6.3% over the same time period in 2023. The dollar value of these ACH payments totaled $21.6 trillion, a 7% increase.

article thumbnail

Singapore Invests S$100million to Boost Quantum and AI in Financial Sector

The Fintech Times

The Monetary Authority of Singapore (MAS) has committed an additional S$100million to support the development of quantum and artificial intelligence (AI) technologies in the financial sector. This investment is part of the Financial Sector Technology and Innovation Grant Scheme ( FSTI 3.0 ) and aims to foster innovation and enhance technological capabilities in finance.

AI 129
article thumbnail

MBTA to switch on contactless payments across Boston’s public transportation network

NFCW

SWITCHED ON: MBTA is enabling public transport users to pay for travel using their contactless cards Public transportation users in the Greater Boston area will be able to use a contactless debit or credit card to pay for their fares on buses, Green Line trolleys, Mattapan Line trolleys, and at all gated subway stations from 1 August 2024, the Massachusetts Bay Transportation Authority (MBTA) has announced. “Riders with weekly or monthly passes or those who would like to continue to use th

article thumbnail

KeyBank spends $800M on tech annually

Bank Automation

KeyBank spends $800 million annually on technology and expects expenses to grow in 2025 as it continues to invest in overall operations.

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

Opponents of Capital One-Discover merger to air grievances

Payments Dive

Consumer advocates say the merger will stifle competition and give the combined company an easy avenue to raise fees on card payments.

Consumer 127
article thumbnail

Meet the Finalists of the 2024 Finovate Awards!

Finovate

After months of deliberation, the finalists for the 2024 Finovate Awards have been selected! In categories ranging from “Best Alternative Investments Solution” to “Top Emerging Fintech Company,” more than 130 innovative companies and individuals have made the short-list. We are now set for an exciting autumn showdown when winners are announced at Finovate Fall 2024 in New York in September.

article thumbnail

Monzo to launch bank account for children

Finextra

UK digital bank Monzo has unveiled a new account package for children between the ages of six and 15.

Accounts 122
article thumbnail

CFPB proposes earned wage access rule

Bank Automation

The Consumer Financial Protection Bureau proposed an interpretive rule affecting earned wage products, or paycheck advance products, ensuring that employees are aware of costs and fees for these services, according to today’s CFPB release. Paycheck advance products allow employees real-time access to earned wages.

CFPB 127
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

Ant International and BNP Paribas Partner to Enhance Cross-Border Payments in Europe

Fintech News

Ant International and BNP Paribas have entered a strategic partnership to enhance cross-border payment solutions for European merchants and consumers. The partnership was formalised through a Memorandum of Understanding signed in Zurich by Douglas Feagin, President of Ant International, and Pierre Fersztand, Global Head of Cash Management, Payments, Trade Solutions, and Factoring at BNP Paribas.

article thumbnail

Wirex and Visa Integrate Blockchain Technology with Traditional Finance in Latest Partnership

The Fintech Times

Wirex , a Web3 money app, is partnering with digital payments giant Visa to further the use of digital currencies in the UK and the European Economic Area (EEA). As part of the partnership, Wirex is also launching Wirex Pay, a new modular Zero Knowledge (ZK) payment chain designed to change how users manage and spend traditional currencies, as well as crypto.

article thumbnail

Lloyds to convert old data centres and offices into social housing

Finextra

Lloyds Bank Group is to convert decommissioned data centres and former office sites into new social housing projects.

119
119
article thumbnail

Morgan Stanley using AI to grow adviser operations

Bank Automation

Morgan Stanley is using AI to improve efficiency and deepen the relationship between its advisers and customers. The bank is deploying technology to aid growth across its three divisions — investment banking, wealth management and institutional securities — Chief Financial Officer Sharon Yeshaya said during Morgan Stanley’s second-quarter earnings call today.

AI 126
article thumbnail

eCommerce in 2025: How Customer Experience Drives Online Retail Success

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

article thumbnail

Allianz Plans to Acquire 51% Stake in Income Insurance for S$2.2 Billion

Fintech News

Allianz has announced plans to acquire a majority stake in Singapore’s Income Insurance through its subsidiary, Allianz Europe B.V. The pre-conditional voluntary cash general offer aims to purchase at least 51 percent of Income Insurance’s shares, pending regulatory approval. Allianz ‘s offer of S$ 40.58 per share values the 51 percent stake at approximately SG$ 2.2 billion (EUR 1.5 billion).

Acquirers 120
article thumbnail

Finmont Partners with the World’s Largest Provider of Cryptocurrency Payment Services, BitPay

Fintech Finance

Global payment orchestration platform FinMont has announced a new partnership with BitPay , the world’s largest provider of Bitcoin and cryptocurrency payment services. The strategic partnership will see the addition of cryptocurrency to the FinMont payment ecosystem allowing merchants to utilise payments from all cryptocurrencies. The founders of German airline, Hahn Air, launched FinMont to offer the travel industry a unique solution that, unlike other options available, streamlines not only B

article thumbnail

13books Capital raises £121 million fintech fund

Finextra

Amid a challenging fundraising environment, 13books Capital has closed a new £121 million fund to invest in the founders building tomorrow’s fintech businesses.

FinTech 116
article thumbnail

Bank of England warns CHAPS payment system experiencing delays

Bank Automation

The Bank of England warned that its CHAPS service — one of the largest high-value payment systems in the world — has been affected by a global payments issue, causing some large, time-sensitive payments to be delayed.

Payments 122
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

Singapore to Inject S$100M into Quantum and AI Development for Financial Services

Fintech News

The Monetary Authority of Singapore (MAS) announced an additional commitment of S$100 million under the Financial Sector Technology and Innovation Grant Scheme (FSTI 3.0) to support the development of quantum and AI technologies within the financial sector. This investment aims to advance innovation and adoption of these technologies in financial services.

AI 117
article thumbnail

What ESG Challenges do Fintech Firms Face?

The Fintech Times

Now encapsulating a focus on societal impact and the environment, the term ‘fintech for good’ has evolved from its initial meaning of charity. But it doesn’t stop there. This July, we are on the hunt to find out how the fintech industry is doing ‘good’ for local communities and the world, revealing current and future plans to make change. Greenwashing , providing incorrect information to the public about the ethical and environmental impact of a firm, was one of the biggest challenges facing fin

FinTech 105
article thumbnail

Qashier unveils payment-linked loyalty programme

Finextra

Singapore-based fintech startup Qashier announced today that it is launching Treats, a unique payment-linked loyalty programme that allows customers to seamlessly earn points by simply tapping and paying with their linked cards at any merchant under the Treats programme.

Payments 111