Fiserv seeks special purpose bank charter
Payments Dive
JANUARY 12, 2024
The designation would allow the payment processor to own transactions from end-to-end, removing the need for a bank partner.
Payments Dive
JANUARY 12, 2024
The designation would allow the payment processor to own transactions from end-to-end, removing the need for a bank partner.
Finextra
JANUARY 11, 2024
Circle Internet Financial, the issuer of the USDC stablecoin, has filed with the Securities and Exchange Commission for an initial public offering (IPO).
The Fintech Times
JANUARY 6, 2024
The European Central Bank (ECB) has revealed plans to carry out cyber resilience stress tests on 109 of the banks it directly supervises in 2024, to assess how they both respond to and recover from a cyberattack. Stress testing the banks will not analyse their ability to prevent it in the first place, the European Central Bank explained. Instead, in the stress test scenario, a cyberattack succeeds in disrupting a bank’s daily business operations.
Fintech News
JANUARY 9, 2024
Thailand’s Prime Minister Srettha Thavisin announced the anticipated May commencement of a substantial economic stimulus initiative, according to a Reuters report. This plan, a centerpiece of the ruling Pheu Thai party’s election campaign, involves disbursing approximately US$14.3 billion through a ‘digital wallet’ system. Under this scheme, around 50 million Thai citizens will each receive 10,000 baht (about US$285) to spend within their local communities.
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.
Payments Dive
JANUARY 9, 2024
Swipe fee battles, real-time payments, fraud prevention and acquisition plans will be among the hot topics pulsing through the industry this year.
TechCrunch Fintech
JANUARY 11, 2024
Developers add Pier’s APIs with a few lines of codes, and the company then manages the credit lifecycle from end-to-end, including origination, underwriting, compliance and servicing. © 2023 TechCrunch. All rights reserved. For personal use only.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
The Finance Weekly
JANUARY 8, 2024
How long will your money last? It's a crucial question for finance leaders in any business. It's not just about knowing your current financial situation, but also projecting into the future based on your plans. While company leaders can't control everything, such as market fluctuations and economic changes, they can influence expenses. This is why expense forecasting is valuable for CEOs, CFOs, and other executives when predicting a company's future financial performance.
Payments Dive
JANUARY 10, 2024
“I would be surprised if it takes longer than the middle of [2024] to roll out payments,” X owner Elon Musk said during a conversation last month with Ark Invest CEO Cathie Wood.
NFCW
JANUARY 9, 2024
TAP AND GO: A student conducts a contactless transaction in Baylor’s Penland Dining Hall Baylor University in Waco, Texas has become the first of the ‘Big 12’ group of US universities to introduce NFC mobile credentials, enabling students living in on-campus residential halls to unlock their rooms, enter dining halls, make retail dining purchases, check out library materials, and access other campus services with the tap of an Android or iOS smartphone or smartwatch.
Fintech News
JANUARY 7, 2024
Payments innovation in Indonesia holds significant promise for contributing to the nation’s economy and helping bring about a more inclusive, accessible, and equitable financial system. This system is also supporting the country’s digital economy and connecting Indonesians across its large geographically dispersed set of islands. But to fully realize the sector’s potential, stakeholders must focus on nurturing a robust ecosystem by enhancing capital access, attracting and retaining top talent an
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
Bank Automation
JANUARY 9, 2024
Financial institutions can look to generative AI to reach up to 90% automation, WorkFusion Chief Executive Adam Famularo tells Bank Automation News on this episode of “The Buzz” podcast.
Payments Dive
JANUARY 8, 2024
The card network company is boosting efforts to enforce surcharge rules, with non-compliance potentially resulting in fines up to $1 million, according to one card processor.
NFCW
JANUARY 11, 2024
The NFC Forum has announced that it is in the process of developing a Digital Product Passport (DPP) standard that would allow electronic goods manufacturers to use NFC tags and chips to provide merchants and consumers with “reliable and robust access to information on how a product can be reused, remanufactured, or recycled throughout its lifecycle” The proposed NFC DPP standard will allow manufacturers to use NFC tags and chips to create a link between their products and in-depth D
Fintech News
JANUARY 7, 2024
Indonesian fintech company KOMUNAL has secured US$ 5.5 million in a Series A+ funding round led by Sumitomo Corporation Equity Asia. The fundraise also saw participation from several venture capital firms including Jafco Asia, Skystar Capital, Sovereign Capital, and Gobi Partners. This funding boost comes after KOMUNAL’s operational profitability in the second half of 2023.
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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?
The Fintech Times
JANUARY 10, 2024
Over half of financial organisations (55 per cent) have prioritised cybersecurity above all else for the coming year, according to new research from IT infrastructure provider Softcat. Softcat has released its annual Business Tech Priorities Report , exploring the top tech investments the financial sector is prioritising in the year ahead. The findings form part of a report based on the views of more than 4,000 customers from 2,900 organisations in the UK and Ireland, across 27 industries in bot
Payments Dive
JANUARY 10, 2024
As the card network behemoth ventures into the Web3 experience, some firms are scaling back there.
NFCW
JANUARY 8, 2024
Computer accessories maker Belkin has introduced an NFC-enabled motorized iPhone stand that allows the device’s camera to follow a person as they move around a room. The Auto-Tracking Stand Pro is the first device to use Apple’s DockKit framework , a feature which is specifically designed to allow device cameras to track objects and people using compatible motorized mounts.
Fintech News
JANUARY 10, 2024
Effective digital identity solutions for banks are essential to prevent fraud and spoofing. This becomes intertwined with Anti-Money Laundering (AML) and behavior analysis in recent times. As we navigate this evolving landscape, staying up to date with trends becomes important. The rise of Artificial Intelligence presents a significant opportunity for innovative solutions in various sectors, including financial services.
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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.
Finextra
JANUARY 8, 2024
China's Ant Group is reportedly preparing to acquire Dutch payments firm Multisafepay as it expands further into Western markets.
Payments Dive
JANUARY 10, 2024
The buy now, pay later provider catering to gun sellers didn’t inform consumers of potential convenience fees, the state agency said.
The Fintech Times
JANUARY 9, 2024
Particularly since the release of OpenAI ‘s ChatGPT at the back-end of 2022, the world has sat up and taken notice of the potential of artificial intelligence (AI) to disrupt all industries in countless ways. To kick off 2024, The Fintech Times is exploring how the world of AI may continue to impact the fintech industry and beyond throughout the coming year.
Fintech News
JANUARY 7, 2024
Indonesian agritech startup Semaai has secured US$4.7 million in a pre-series A funding round led by CyberAgent Capital, bringing its total funds raised to US$ 7.6 million. The raise was also joined by Sumitomo Corporation Equity Asia, Ruvento, MyAsiaVC, and Heracles Ventures. With the newly acquired funds, Semaai plans to forge collaborations with fintech institutions, focusing on advanced financial solutions to support the agricultural community.
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.
TechCrunch Fintech
JANUARY 7, 2024
We started the year with news of a couple of new venture funds that will be writing checks into fintech startups. © 2023 TechCrunch. All rights reserved. For personal use only.
Payments Dive
JANUARY 12, 2024
Circle, which issues the USDC stablecoin, has filed confidential paperwork with the Securities and Exchange Commission — one day after the SEC's approval of 11 spot bitcoin exchange-traded funds.
Finextra
JANUARY 9, 2024
A US lobby group representing the interests of Big Tech firms has hit out at proposals by the Consumer Financial Protection Bureau to regulate tech giants such as Apple and Google that offer digital payment apps and wallets.
Fintech News
JANUARY 7, 2024
Vietnam’s Lien Viet Post Joint Stock Commercial Bank (LPBank) has partnered with financial software provider Finastra and NGS Equipment and Communication Joint Stock Company (NGS) to enhance its treasury operations. The move is aimed at improving the bank’s operational efficiency and governance through Finastra’s treasury solution, Kondor.
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.
NFCW
JANUARY 10, 2024
GATWICK AIRPORT: The new contactless forecourt combines 30 EV charging bays and a ‘Just Walk Out’ powered convenience store Sustainable energy provider Gridserve has opened an electric vehicle charging station at London’s Gatwick Airport that combines thirty vehicle charging bays with a convenience store that uses Amazon’s Just Walk Out technology and a Costa Coffee outlet that allows drivers to pre-order and pay for a coffee that can then be delivered to their charging b
VISTA InfoSec
JANUARY 9, 2024
As we all know, data security is a constantly evolving field, and it’s essential to keep up with the latest standards and requirements. And mark your calendars, because the current PCI DSS v3.2.1 is set to retire on March 31st, 2024. That’s right, the PCI Security Standards Council (SSC) has announced the release of the new and improved PCI DSS v4.0, and compliance with this updated version is mandatory for organizations to maintain data security.
PCI Security Standards
JANUARY 10, 2024
Collaboration is at the heart of the PCI Security Standards Council’s mission to help secure payment data globally. As a global forum, the Council brings together payments industry stakeholders to develop and drive implementation of data security standards and resources for safe payments worldwide. We seek involvement from all sectors of the payment card industry - merchants, service providers, banks, processors, hardware and software developers, point-of-sale vendors, etc. - to help secure paym
Fintech News
JANUARY 10, 2024
As the tech-driven economic landscape continues to evolve at a remarkable pace, Singapore remains at the forefront of this transformation, particularly in the realm of fintech. In 2024, some of the most prevalent fintech trends in Singapore showcase how the city-state continues to cement its position as a hub for innovation and technological advancements in the financial sector.
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