Payments Next
NOVEMBER 4, 2024
By AW de Vries, Co-founder & CEO, Silverflow Despite handling countless transactions daily, the payments industry operates on a foundation of outdated The post Legacy Systems: Are Payment Methods Stuck in the Past? first appeared on Payments NEXT.
Fintech News
NOVEMBER 5, 2024
Ingenico, a French merchant services tech company, has partnered with Crypto.com to enable crypto payments for millions of merchants worldwide. This plug-and-play collaboration will allow consumers to pay with crypto at Ingenico terminals, while merchants can seamlessly receive settlements in their local currency, eliminating currency risk. The partnership leverages Ingenico’s new merchant wallet, connected to AXIUM Android terminals, designed to simplify the integration of crypto payments
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Clearly Payments
NOVEMBER 6, 2024
The payment processing market in the United States has demonstrated robust growth, driven by rising consumer demand for digital payments, advancements in financial technology, and the expansion of e-commerce. This report provides a comprehensive analysis of the U.S. payment processing landscape, covering market size, merchant demographics, transaction volumes, major players, and key trends shaping the industry.
Fintech Finance
NOVEMBER 5, 2024
Swift , UBS Asset Management , and Chainlink have successfully completed a pilot for settling tokenized fund subscriptions and redemptions using the Swift network. This initiative would enable digital assets transactions to settle with fiat payment systems across more than 11,500 financial institutions, across over 200 countries and territories. Traditional fund operations often face inefficiencies in subscription and redemption processes, including manual interventions, delayed settlements, and
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.
The Fintech Times
NOVEMBER 6, 2024
Singapore FinTech Festival returned for its ninth annual edition, bringing together policy, finance and technology communities at the Singapore EXPO. As expected, innovations and announcements were rife throughout, here’s a roundup of all the news coming out of the global event. Organised by the Monetary Authority of Singapore (MAS), Global Finance & Technology Network (GFTN) and Constellar , in collaboration with The Association of Banks in Singapore , Singapore FinTech Festival 2024
Fintech News
NOVEMBER 5, 2024
Chinese tech giant Tencent and Visa announced a new partnership to bring palm recognition payments to international markets at the Singapore Fintech Festival. The pilot program will begin in Singapore, allowing Visa cardholders from participating banks like DBS, OCBC, and UOB to pay with their palms at select merchants. The first location to offer this technology is Alchemist, a café in Singapore.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Fintech Finance
NOVEMBER 7, 2024
Africhange , a leading cross-border remittance service provider, announced today that its Nigerian subsidiary, Currenzo , has secured the International Money Transfer Operator [IMTO] licence from the Central Bank of Nigeria [CBN]. This strategic move significantly improves Africhange’s ability to facilitate inward remittances for immigrants and diaspora communities sending money to Nigeria.
The Payments Association
NOVEMBER 8, 2024
Europe-based PAYSTRAX was looking for a comprehensive solution that would help their merchants prevent chargebacks, expand their list of value-added services, and improve transaction acceptance. With DisputeHelp we were able to go to market quickly with Ethoca Alerts and Visa Rapid Dispute Resolution (RDR) and accomplish all three of these goals. Want to learn how?
Fintech News
NOVEMBER 3, 2024
The Bank for International Settlements ( BIS ) Innovation Hub announced that it has “graduated out” of Project mBridge. Project mBridge is a major cross-border payments initiative designed to leverage wholesale central bank digital currencies (CBDCs). BIS General Manager Agustín Carstens shared the transition during a fireside chat at the Santander International Banking Conference 2024 in Madrid, emphasizing that the decision was due to the project’s maturity and not political reason
Payments Dive
NOVEMBER 8, 2024
The digital payment company’s leader, Jack Dorsey, aims to create lending services that will appeal to millions of U.S. adults who haven’t had access to other forms of credit.
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
Fintech Finance
NOVEMBER 7, 2024
Lunu Pay , a leader in Web3 payment solutions, is excited to announce its collaboration with Ingenico , a global innovator in payment acceptance and services, to bring cryptocurrency payments to physical retail stores. Through this partnership, Ingenico’s Android-based POS terminals will now support crypto payments, allowing merchants to accept leading cryptocurrencies such as Bitcoin, Ethereum, and USDT, alongside over 70 crypto wallets, including Binance, Coinbase, and Trust Wallet.
Bank Automation
NOVEMBER 7, 2024
Chase for Business is innovating to meet the evolving needs of its small- to medium-sized business clients, John Frerichs, head of global SMB payments at JPMorgan Chase, told Bank Automation News. “One of the biggest changes in small business that we are continually adapting to is the need for a digital-centric ecosystem of payments products,” […] The post 5 questions with … John Frerichs of JPMorgan Chase appeared first on Bank Automation News.
Fintech News
NOVEMBER 6, 2024
Global payments infrastructure provider Nium has expanded its partnership with Kinexys by J.P. Morgan (formerly Onyx) to enhance cross-border payment accuracy in Malaysia, Thailand, and Hong Kong, This makes Nium the first fintech to provide data for validating bank account details in these markets. Nium Verify, a service offering insights into account beneficiaries, now integrates with Confirm, Kinexys’ global account validation platform.
The Fintech Times
NOVEMBER 5, 2024
UK bank NatWest has partnered with payments giant Mastercard to launch a new mobile virtual card payment solution for business, Approval2Buy with Mobile Virtual Cards. Becoming the first service in Europe to leverage the Mastercard mobile virtual card app, NatWest plans to enable companies to provide virtual cards to their employees for use worldwide.
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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?
Fintech Finance
NOVEMBER 7, 2024
Global fintech SumUp is pleased to announce that businesses signed up to the SumUp One multi-product subscription offering will no longer pay transaction fees on payments of £10 or less. In announcing this progression of the subscription offering, first launched March 2023, SumUp is further easing the burden on small merchants with this innovation, which will be available in Germany, the UK, France, and Italy.
Payments Dive
NOVEMBER 5, 2024
“It's going to be up to us to move instant payments from being novel to being normal,” Federal Reserve Financial Services’ chief payments executive told attendees at a major industry conference last week.
Fintech News
NOVEMBER 5, 2024
OCBC Bank has partnered with the Land Transport Authority of Singapore (LTA) to pilot a new blockchain payments solution for construction projects. This innovative system aims to streamline the disbursement of mobilisation advance payments to contractors, enhancing efficiency and transparency. These payments, often amounting to millions, help defray heavy upfront capital outlays for contractors at the start of projects.
The Fintech Times
NOVEMBER 2, 2024
Tucked between the giant economies of China and India, the Kingdom of Bhutan has traditionally kept itself isolated, relying heavily on rural agriculture and local industries. Yet, as the country opens its doors to the world with a commitment to sustainability, it is also embracing digital innovation to reshape its financial sector. The Kingdom of Bhutan, with a population of over 780,000, is a Buddhist democratic constitutional monarchy.
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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.
Fintech Finance
NOVEMBER 6, 2024
Maya , a leader in the payments sector in the Philippines, has announced the rollout of Fexco ’s Dynamic Currency Conversion (DCC) across its extensive network of merchants via Maya Business. This collaboration marks a significant step in Maya’s strategy to respond to the rising demands of international customers and the growing tourism sector in the Philippines.
Payments Dive
NOVEMBER 6, 2024
Sunil Sachdev, Fiserv’s head of embedded finance, shed light on his company’s latest high-profile collaborations.
Fintech News
NOVEMBER 7, 2024
XTransfer, a B2B cross-border payment platform, made its debut at the Singapore Fintech Festival (SFF) 2024 as a Gold Sponsor. The company aims to expand its presence in Southeast Asia, offering secure and efficient payment solutions to SMEs in the region. XTransfer’s CEO, Bill Deng, spoke at several panel discussions and explored collaborations with international financial institutions.
The Fintech Times
NOVEMBER 6, 2024
Pix has established itself as one of the leading digital payment methods across the globe, and to ensure more countries continue to accept the payment method, Peruvian fintech, B89 has partnered with PagBrasil , the cross-border solutions developer for Pix. The new partnership will allow Brazilian citizens, either tourists or residents, to use Pix International and pay in Brazilian reais in Panama , Colombia , Peru , Bolivia , Paraguay, Venezuela, and Ecuador.
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.
Fintech Finance
NOVEMBER 3, 2024
Affirm , the payment network that empowers consumers and helps merchants drive growth, has launched its flexible and transparent pay-over-time options in the UK. Founded in 2012, Affirm’s mission is to build honest financial products that improve lives. The company offers approved consumers an alternative to credit cards and other pay-over-time options, providing the ability to split the total cost of purchases into budget-friendly payments.
Payments Next
NOVEMBER 7, 2024
By Anne Hay, EVP & Chief Marketing Officer, PayNearMe Born in the 1980s and 90s, Gen Xers were considered technology pioneers. They The post Engaging Gen X: Customized Self-Service Bill Pay Solutions first appeared on Payments NEXT.
Fintech News
NOVEMBER 4, 2024
Razer Gold has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution license. This development marks a major step for the gaming-focused virtual credit platform as it prepares to expand its payment services in Singapore. This approval positions Razer Gold to offer regulated payment services, including account issuance, domestic and cross-border money transfers, merchant acquisition, and e-money issuance.
The Fintech Times
NOVEMBER 8, 2024
Global asset manager and Swiss bank UBS has developed and successfully piloted a blockchain-based payment solution, aiming to increase efficiency and transparency, as well as enable the programmability of money movements for corporate and institutional clients. The solution, dubbed UBS Digital Cash, aims to increase the transparency and security of cross-border payments with blockchain-based payments.
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.
Fintech Finance
NOVEMBER 6, 2024
Finseta , a leading international payments and foreign exchange (FX) business, has announced the launch of their new Confirmation of Payee (CoP) service powered by tell.money. This enhanced service is designed to upgrade payment security, reduce the risk of fraud, and ensure the accuracy of transactions. With the increasing concern over Authorised Push Payment (APP) fraud, which resulted in 252,626 reported cases in 2023, Finseta recognizes the critical importance of providing a solution that sa
Finovate
NOVEMBER 6, 2024
Crypto.com’s new functionality, new partnership, and plans for the new year Recently crowned the king of North American crypto trading , Crypto.com announced this week that it launched a new partnership with payments acceptance provider Ingenico. The partnership will enable users of Ingenico’s platform globally to accept payments in cryptocurrency.
Fintech News
NOVEMBER 4, 2024
Standard Chartered announced a new partnership with Wise Platform to improve speed and lower costs for its international payments service, SC Remit. This collaboration will initially benefit customers in Asia and the Middle East, allowing them to send money in 21 currencies, including USD, EUR, and GBP, with transparent pricing at the mid-market exchange rate.
Payments Dive
NOVEMBER 4, 2024
Some of the corporate investors are also partnering with the accounts payable and receivable company they’re backing.
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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.
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