Sat.Dec 30, 2023 - Fri.Jan 05, 2024

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Florida weighs cashless ban

Payments Dive

Lawmakers in the state are considering legislation that would require merchants to accept cash payments.

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Five reasons to get a handle on chargebacks

Payments Next

by Donna Blum of BHMIChargebacks are a significant and growing challenge in the payments industry. The rapid growth in e-commerce, rise in The post Five reasons to get a handle on chargebacks first appeared on Payments NEXT.

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HSBC to take on Wise with launch of money transfer app

Finextra

HSBC is looking to take on money transfer behemoth Wise with the launch of a global currency conversion app.

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Former Anthemis partner soft-launches new fintech-focused venture firm

TechCrunch Fintech

Ruth Foxe Blader has left her role as partner at Anthemis Group after nearly seven years to start her own venture firm, Foxe Capital, TechCrunch learned exclusively today. Blader is joined by former Anthemis investment associate Kyle Perez. Sophie Winwood is serving as an operating partner. Winwood previously co-founded WVC:E, an organization that pledges to […] © 2023 TechCrunch.

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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.

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New York enacts surcharge law

Payments Dive

The state’s new law will force merchants to limit credit card surcharges and more clearly disclose them to consumers. If the businesses don’t, they could face a $500 penalty.

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Top payments trends for 2024

Bank Automation

Industry experts predict adoption of real-time payments as well as the increased use of FedNow and digital wallets in 2024 as consumer demand for instant payments continues to grow.

More Trending

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India widens regulatory grip over tech firms

TechCrunch Fintech

In 2023, India introduced a series of regulations and tweaked policies that borrowed from Europe’s antitrust approach and Chinese-style government surveillance, alarming executives and investors in the world’s most populous market. Additional regulations are on the horizon in 2024 as New Delhi continues a regulatory shift to more tightly govern the tech sector.

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NY governor pursues BNPL regulation

Payments Dive

New York Gov. Kathy Hochul is seeking to require buy now, pay later providers to obtain a license to operate in the state, in addition to other potential regulations for the industry.

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Krungsri App Enables QR Payments Between Thailand and Hong Kong

Fintech News

Bank of Ayudhya (Krungsri), a part of Mitsubishi UFJ Financial Group (MUFG), has recently expanded its services in the ASEAN region by launching cross-border QR payments between Thailand and Hong Kong. Travelers from Thailand and Hong Kong can make payments by using mobile payment apps to scan Hong Kong’s FPS QR code and Thailand’s PromptPay QR Code displayed at the merchants’ point of sale.

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Nationwide reports uptick in cash withdrawals

Finextra

New data from Nationwide shows that cash usage continues to rise as many households respond to the cost-of-living crisis by budgeting with physical money.

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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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Paytech in 2024: Intix, Brite, PPRO, emerchantpay, Valopa, Bottomline, Primer, Global Payments

The Fintech Times

It’s a time of reflection and anticipation at The Fintech Times throughout December, as we look back at developments and trends over the last 12 months and forward to the year ahead. We’re excited to share the thoughts of fintech CEOs and industry leaders from across the globe to 2023’s key takeaways and what we should expect to be top of the agenda in 2024.

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Endava exec talks super apps, Paze and embedded payments

Payments Dive

The consulting firm’s global marketing head explained in an interview why a bank-backed digital wallet won’t be “the PayPal killer” and why the U.S. hasn’t seen a super app for payments.

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Peak XV-backed MobiKwik seeks to raise $84 million in India IPO

TechCrunch Fintech

Indian financial services startup MobiKwik seeks to raise about $84.2 million through issue of new shares in an initial public offering in the home market, it said in a draft prospectus filed with the local markets regulator Friday. This is the second time MobiKwik has filed the paperwork for an IPO. The startup, backed by […] © 2023 TechCrunch.

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Top 15 Fintech Events in APAC to Attend in 2024

Fintech News

Despite slumping funding activity, Asia-Pacific (APAC)’s fintech industry has remained vibrant in 2023, witnessing growing interest in leveraging artificial intelligence, tapping into logistics and supply chain finance opportunities, and exploring green and environmental, social and governance (ESG)-focused fintech innovations, a 2023 report by consultancy KPMG says.

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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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Why Next-Generation Payment Orchestration Is Our 2024 Payment Trend of the Year

BlueSnap

Digital payment transactions surpassed $1 trillion in 2023, making it essential for businesses to find ways to optimize them to help grow revenue. The post Why Next-Generation Payment Orchestration Is Our 2024 Payment Trend of the Year appeared first on BlueSnap.

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Trade groups seek to delay digital wallet oversight plan

Payments Dive

Fintech trade groups asked the Consumer Financial Protection Bureau to extend the comment period on a proposal formalizing its oversight of big tech companies’ digital wallets.

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Exponent Founders Capital, led by Plaid and Robinhood alums, raises $75M to invest in early-stage startups

TechCrunch Fintech

Exponent Founders Capital, an early-stage venture firm founded by alumni of startups such as Plaid, Robinhood and Ramp, has closed on $75 million in capital commitments, TechCrunch is the first to report. The firm, which is emerging from stealth today, raised $50 million for its first fund in November of 2021. Managing Partners Charley Ma […] © 2023 TechCrunch.

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2023’s Biggest Rounds of Fintech Funding in APAC

Fintech News

As we venture forth into the new year it’s worth reflecting back on 2023 to provide us clues on what 2024 might look like. To get a sense of APAC’s up-and-coming fintech leaders, we take a look today at some of 2023’s largest VC-backed rounds fintech of funding in APAC, showcasing the startups that managed to beat the odds in the face of a challenging fundraising environment and global economic uncertainties.

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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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Why Do We Need Strong Resilient Financial System

Finextra

Resilience is a process and an outcome of effectively adjusting to life's challenges and adversities.

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Blackstone Signs Definitive Agreement to Acquire Sony Payment Services

Fintech Finance

Blackstone (NYSE: BX) today announced that Private Equity funds managed by Blackstone have entered into a definitive agreement to acquire a majority stake in Sony Payment Services Inc. (SPSV), one of Japan’s leading payment service providers, from Sony Bank, a wholly-owned subsidiary of Sony Group. Sony Bank will roll over a certain portion of its equity and will continue to support the growth of SPSV as a minority investor.

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Tokenizing the Tabletop: Magic the Gathering's Play in the Blockchain Economy

Paystand

Magic: The Gathering, a renowned trading card game, has left an indelible mark on the gaming industry. However, its impact extends beyond entertainment, laying the foundation for integrating blockchain technology into finance.

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Anson Zeall Promoted to Chief Strategy Officer at dtcpay

Fintech News

Singapore-based payments service provider dtcpay has announced the appointment of Anson Zeall , formerly the Head of Compliance, as its new Chief Strategy Officer (CSO). Anson Zeall During his tenure as Head of Compliance, Zeall played a pivotal role in guiding dtcpay through the complex regulatory environment of the blockchain and cryptocurrency sectors.

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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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A Merchant Guide for Cryptocurrency Payments

Clearly Payments

Since 2009, the financial landscape has been undergoing a transformation with the emergence of cryptocurrencies. As digital currencies grow in popularity , merchants around the world are exploring the potential benefits of accepting payments in cryptocurrency. This guide aims to provide merchants with an overview of cryptocurrency payments, highlighting the advantages, challenges, and best practices for integrating crypto payment methods into their business operations.

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Chargeback Rules: What Laws & Regulations Govern the Dispute Process?

Fi911

What do banks need to know about the chargeback legislation process? Well, from a legal standpoint, there’s actually quite a lot. We’re going to break down some of the most important chargeback rules, including fees, time limits, and reason codes. We will provide insight into how these regulations differ between card schemes, and help financial institutions to better understand the dispute process from all sides.

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The Costs of Payment Service Provider (PSP) Lock-In

Basis Theory

What is Vendor Lock-in? Vendor lock-in describes a situation where a customer becomes entirely dependent on a specific vendor for products or services, and switching to another vendor becomes prohibitively difficult or expensive.

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DBS Ups Stake in China’s Shenzen Bank in S$376 Million Deal

Fintech News

DBS Group announced its intention to raise its stake in China’s Shenzen Rural Commercial Bank, a move valued at S$376 million (approximately US$285 million), according to Reuters. The transaction is subject to regulatory approvals. The bank is set to increase its ownership in the Chinese bank from 13% to 16.69%. This expansion will involve the acquisition of 383.6 million shares at a price of 5.52 yuan per share, with the bank financing the transaction using its internal cash reserves.

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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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What 2024 could mean for the cash industry

Finextra

The outlook for the cash industry in 2024 is a complex tapestry woven with threads of decline, resil.

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2023 Wharton FinTech Podcast Wrapped: A Year of Fintech Insights and Global Connections ?

Wharton Fintech

As we wrap up an exciting year at Wharton Fintech Podcast, we’re thrilled to take a moment and reflect on the incredible journey we’ve shared with our listeners and partners. Here’s a snapshot of our remarkable year in fintech: ? Expanding our Reach Monthly Listens: ~100,000 Top Listener Countries: 1. ?? United States (~60%) 2. ?? United Kingdom (~10%) 3. ??

FinTech 100
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Dubai Duty Free leverages Alipay+ solutions

Fintech Finance

Dubai Duty Free, one of the world’s largest travel retail operators, today announced its partnership with Alipay+ to power a seamless travel and checkout experience for international visitors. Consumers from South Korea, Singapore, the Philippines, Thailand, Mongolia, Italy as well as Chinese mainland, Hong Kong and Macao are now able to access promotions and pay with their home digital apps at duty-free stores at Dubai and Al Maktoum International airports.

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YouTrip Quadruples Wallet Size to S$20K, Spending Limit Now S$100K

Fintech News

Singapore-based multi-currency e-wallet YouTrip has announced a substantial increase in wallet holding and spending limits for its users effective immediately. YouTrip users can now hold up to S$20,000 in their wallets, a significant jump from the previous S$5,000 limit, and have access to an annual spending limit of S$100,000, previously capped at S$30,000.

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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.