Sat.Feb 22, 2025 - Fri.Feb 28, 2025

article thumbnail

As Credit Card Concerns Rise, Banks Look to ‘Sweeten the Pot’ for Debit Card Users

Payments Next

By Shawn Conahan, CRO, Wildfire Systems The direction of interest rates in 2025 remains uncertain, but one trend is becoming increasingly clear: The post As Credit Card Concerns Rise, Banks Look to Sweeten the Pot for Debit Card Users first appeared on Payments NEXT.

article thumbnail

Flutterwave 2024 report highlights record growth, expansion, and innovation

The Payments Association

Founded in 2016, Flutterwave has become a leader in African enterprise payments, processing over 890 million transactions valued at $34 billion to date. The companys 2024 report highlights the companys strides in broadening its global presence, advancing its technological capabilities, and delivering exceptional value to multinationals expanding into or across Africa.

article thumbnail

Nexi and Klarna Partner to Boost Merchant Growth

Fintech Finance

Nexi, the European PayTech, serving millions of merchants in more than 25 countries, and Klarna, the AI-powered payments and commerce network, have expanded their relationship into a global partnership. Nexi will enable its merchant customers across Europe to seamlessly offer Klarna’s payment method to their shoppers. Klarna will be automatically enabled as a default option in the Nexi check-out offering, allowing merchants to drive incremental revenue growth thanks to the added-value and

article thumbnail

Citizens on pace for 100% cloud migration by Q3

Bank Automation

Citizens Bank aims to complete cloud migration by the third quarter as part of its effort to accelerate digitalization and product development. The $217.5 billion Citizens began cloud migration in 2019, Ajay Punia, head of fraud risk and transmissions engineering, told Bank Automation News, adding that more than 80% [of the banks apps] are already […] The post Citizens on pace for 100% cloud migration by Q3 appeared first on Bank Automation News.

article thumbnail

A Roadmap For Modernization: How To Break Free From Your Monolith Before July 31, 2026

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

As AI Grows, So Do Its Challenges: Industry Reveals Technology’s Biggest Hurdles

The Fintech Times

A couple of years after its initial boom, artificial intelligence (AI) still remains a huge buzzword in the fintech industry, as every firm looks at a new way of integrating the tech into its infrastructure to gain a competitive edge. Exploring how they are going about doing this in 2025, The Fintech Times is spotlighting some of the biggest themes in AI this February.

AI 97
article thumbnail

FAQ Clarifies New SAQ A Eligibility Criteria for E-Commerce Merchants

PCI Security Standards

The PCI Security Standards Council (PCI SSC) is pleased to announce the release of a Frequently Asked Question (FAQ), developed in direct response to industry requests for greater clarity on the new eligibility criteria for the recently revised Self-Assessment Questionnaire (SAQ) A. This update reflects our commitment to supporting the e-commerce community by providing clear, actionable guidance to help businesses meet new requirements under PCI DSS v4.0.1, which take effect on 1 April 2025.

PCI DSS 116

More Trending

article thumbnail

Risk-based authentication: The secret to meeting PSD2 compliance without sacrificing convenience

The Payments Association

Its a great time to be a fraudster. While many banks and issuers still use one-time passcodes (OTPs) to protect customers from fraud, modern tools and attack vectors make their days at the office rather easy. Outdated security methods like OTPs and siloed authentication methods dont provide the strong security or seamless customer experience needed to stay competitive post-PSD2.

article thumbnail

HSBC Reshuffles Leadership in Asia to Streamline Operations

Fintech News

HSBC Holdings has assigned additional responsibilities to country heads in some smaller Asian markets as part of its efforts to streamline operations and eliminate management layers. According to an internal memo seen by Bloomberg News, Peter Kim will take on the role of head of banking alongside his position as chief executive officer in Korea, effective March 1.

FinTech 86
article thumbnail

Revolut: Women Investors Outperform Men by 4% in 2024 as Investment Gap Closes

The Fintech Times

Women’s investments outperformed men’s by four per cent in 2024, according to Revolut data from its trading customers. New data from Revolut hints towards the beginning of a power shift as women investors saw significantly better returns than men in 2024. While trends like ‘girl math’ started as a bit of lighthearted fun, there is a clear argument that they perpetuate negative stereotypes about young women’s spending and saving habits, as well as about their financi

Returns 75
article thumbnail

Network International appointed as Payment Processing Partner by MTN Group Fintech

Fintech Finance

Network International (Network) ( www.Network.ae ), a leading enabler of digital commerce across the Middle East and Africa (MEA), has been appointed as a Payment Processor – Issuing partner for MTN Group Fintech, Africa’s leading mobile financial services provider. This partnership marks a significant extension of Network’s portfolio of issuer processing collaborations throughout the African continent.

Process 90
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

DBS CEO sees job cuts of 4,000 temp staff as AI replaces roles

Bank Automation

DBS Group Holdings Ltd. plans to cut around 4,000 of its contract and temporary staff workforce over the next three years as artificial intelligence increasingly takes on roles carried out by human beings. Southeast Asias largest lender has approximately 8,000 to 9,000 of such staff, according to Chief Executive Officer Piyush Gupta, replying to a […] The post DBS CEO sees job cuts of 4,000 temp staff as AI replaces roles appeared first on Bank Automation News.

AI 85
article thumbnail

Taktile helps fintechs build automated decision-making workflows

TechCrunch Fintech

The automated logic behind many financial decisions for example, decisions that determine whether a client is approved for a credit line is hard-coded. Often, it’s not easily changed. If a head of credit at a bank wanted to adjust the bank’s lending criteria, for example, they’d likely have to raise a ticket with […] 2024 TechCrunch.

article thumbnail

How Fintech and AI Have Joined Forces to Improve Back-Office Operations

The Fintech Times

A couple of years after its initial boom, artificial intelligence (AI) still remains a huge buzzword in the fintech industry, as every firm looks at a new way of integrating the tech into its infrastructure to gain a competitive edge. Exploring how they are going about doing this in 2025, The Fintech Times is spotlighting some of the biggest themes in AI this February.

AI 76
article thumbnail

Temu Expands Global Payment Options With Nuvei Partnership

Fintech Finance

Nuvei Corporation (“Nuvei” or the “Company”), the Canadian fintech company, announces today that it has formed a strategic partnership with Temu, the global online marketplace known for value-for-money products, to enhance the shopping experience through providing customers with greater access to their preferred local payment methods.

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

Optimus poised for growth in the payments sector

The Payments Association

Optimus, a leading regulated technology company specialising in payment solutions, is set for significant growth in 2025. With a revamped commercial strategy and an unwavering commitment to customer-centric solutions, Optimus is primed to solidify its position as a key player in the payments industry. The company’s planned expansion into the European market later this year will mark a significant milestone in its growth trajectory.

IBAN 88
article thumbnail

Alkami is buying fintech Mantl for $400 million

TechCrunch Fintech

Digital banking services provider Alkami Technology is acquiring Mantl, which has been described as the Shopify of account opening, for $400 million. Mantl, founded in 2016 by Nathaniel Harley and Benjamin Conant, developed software to make it easier for people to open accounts digitally at community banks and credit unions. The end goal is that […] 2024 TechCrunch.

article thumbnail

How PayPal is bridging crypto and commerce through payments

Tearsheet

A few years ago, firms diving into crypto were tiptoeing through uncertainty. Fast-forward to today, a Bitcoin-focused product strategy within the lineup seems to be a safer bet. Take Block , for example. Its early, all-in stance on Bitcoin now seems like a stroke of genius, given that crypto markets are maturing, Bitcoin is reaching new peaks, and a new administration is seemingly opening the door to crypto and Web3.

PayPal 72
article thumbnail

PPRO Announces Its Partnership With EPI to Enable Unified Payments for European Consumers Through Wero

Fintech Finance

PPRO , the leading local payments platform, has partnered with European Payments Initiative (EPI) to secure Principal Membership of Europes newest payment method, Wero. Through its Membership, PPRO will provide its customers with the most comprehensive route to access Wero via sponsored associate membership, payment facilitator access, or as a technical gateway.

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

EY payments forum: Regulatory outlook for 2025 and beyond

The Payments Association

Date: Thursday, March 27, 2025 Time: 08:30-10:30 GMT Location: EY, 25 Churchill Place, Canary Wharf, E14 5EY The next EY payments forum takes place in March, focusing on the regulatory outlook for the payments industry in 2025 and beyond. The event will be hosted by EY payments leaders Abigail Viljoen , Andrew Pilgrim , Alla Gancz , and Genevieve Majoribanks.

article thumbnail

Emirates NBD Partners With Mastercard to Enhance Digital Payment Platform

The Fintech Times

Payments giant Mastercard is joining forces with E mirates NBD , the banking group in the Middle East, North Africa and Trkiye region, to enhance the bank’s digital payment solutions. Through the new partnership, Emirates NBD will adopt Mastercard Gateway within its payment platform to support fast, seamless and secure transactions across the region, becoming the first acquiring bank globally to offer Mastercards Brighterion AI technology through the integration.

Visa 80
article thumbnail

Grab Exec Worachat Luxkanalode Appointed as 2C2P’s New CEO

Fintech News

Ant International has appointed fintech executive Worachat Luxkanalode as the new CEO of Southeast Asian payments company 2C2P, with his tenure set to begin in April 2025, pending regulatory approval. He takes over from founder and current CEO Aung Kyaw Moe, who is stepping down after 22 years to pursue personal projects. Worachat, currently the Managing Director of Grab Thailand, brings extensive experience in financial services and digital banking.

article thumbnail

Ecommpay Charity Auction Raises Over €7,000 for Street Child

Fintech Finance

Ecommpay , the truly inclusive global payments platform, recently held a charity auction like no other. Employees from the UK, Latvia, Kazakhstan and Cyprus offices came together to raise funds for Street Child, a charity dedicated to working with local organisations around the world to ensure every child has access to an education. Employee bids raised more than €2400 which was then trebled by the company to give Street Child €7395.

SWIFT 78
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

FedNow boosts send option to $1M

Payments Dive

Starting this summer, the Federal Reserve’s real-time payments system will let banks send payments up to $1 million, twice the amount of the existing limit.

FedNow 188
article thumbnail

Disruptive Tech in Finance – AI, Blockchain and Quantum Computing at the Heart of London Event

The Fintech Times

Imperial College London will host a workshop on 26 March 2025, exploring the influence of AI, blockchain and quantum computing on the financial services industry. The UKFin+ Spotlight Event at Imperial College London will gather experts from both industry and academia to discuss the transformative impact of emerging technologies. Scheduled from 9am to 4pm, the event will include panel discussions and interactive sessions focusing on the challenges and opportunities presented by these technologie

article thumbnail

Banking and Fintech; More Partnership than Competition

Finextra

At one point, as the industry was first evolving in its technological innovation, banks and fintech firms often saw each other solely as competition. In this FinextraTV interview, Sarah Biller, Co-Founder, Mass Fintech Hub and Claire Verville, Head of Ventures & Strategic Partnerships, M&T Bank join the virtual studio to discuss how that has changed.

FinTech 81
article thumbnail

dtcpay Powers Stablecoin Payments at Metro Departmental Store

Fintech Finance

dtcpay , a leading stablecoin payments solution in Singapore, is thrilled to announce a groundbreaking partnership with Metro, one of Singapores most iconic and trusted department stores. This collaboration marks a bold step into the future of retail, empowering Metro customers to shop seamlessly using stablecoins. As the retail landscape continues to evolve, Metro is pioneering the integration of cutting-edge payment technology, ensuring it remains at the forefront of innovation.

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

Airwallex Officially Expands to New Zealand

Fintech News

Airwallex, a global financial platform, has launched operations in New Zealand, aiming to provide local businesses with improved cross-border payment solutions. The company has appointed Lowry Gladwell as Associate Director to lead its New Zealand expansion, marking its first local hire. Airwallex plans to expand its team to ten employees by the end of 2025.

article thumbnail

What Does the Future Hold for AI in Fintech?

The Fintech Times

A couple of years after its initial boom, artificial intelligence (AI) still remains a huge buzzword in the fintech industry, as every firm looks at a new way of integrating the tech into its infrastructure to gain a competitive edge. Exploring how they are going about doing this in 2025, The Fintech Times is spotlighting some of the biggest themes in AI this February.

AI 78
article thumbnail

iFAST Global Bank announces the successful pilot launch of virtual IBANs

The Payments Association

Following a 12-month project, iFAST Global Bank Limited is delighted to announce the pilot launch of our virtual IBAN (ViBAN) product in production. EMIs, APIs, brokers, and large corporates requiring virtual account solutions can now benefit from safeguarding client money and operational accounts with named, dedicated ViBANs. The formal commercial launch is expected in the coming days.

IBAN 88
article thumbnail

Nigerian President, Bola Tinubu, Pledges Support For Flutterwave

Fintech Finance

In a significant move to drive economic growth and development, President Bola Ahmed Tinubu held a strategic meeting with the leadership of Flutterwave , Africa’s leading payments technology company. The discussions focused on fostering youth empowerment, small and medium-sized enterprise (SME) development, and the expansion of Nigeria’s digital economy.

Economy 96
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.