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. million at the end of October 2023, while the number of merchants supporting the payment method reached 29.63 million, BI also reported.

Financial Inclusion

Fintech Review

DECEMBER 3, 2024

We explore the evolution of payment solutions, analysing adoption rates, security challenges, regulatory shifts, and innovative technologies. Traditional Payment Methods: Cash and Checks For centuries, cash reigned supreme as the primary payment method.

Payment Solutions

PYMNTS

JULY 10, 2020

That doesn’t mean these companies have the ability to easily adopt the same payments solutions that businesses in other industries can access. Speaking with PYMNTS, Muller highlighted the opportunity that the cannabis space has to adopt payments and other financial technologies that have leapfrogged over legacy solutions.

B2B

National Processing

AUGUST 15, 2024

National Processing Future of Virtual Terminals: 16 Trends How does the future of virtual terminals and payment innovations look? Bright and full of promise for businesses and consumers. There are emerging payment technologies that will save money for all parties involved in payment transactions.

Emerging Payments

Fintech Finance

SEPTEMBER 11, 2024

Digital technologies, such as wallets, peer-to-peer (P2P) payments and contactless payments, have become increasingly prevalent. Regulations have also played a crucial role in driving innovation and ensuring consumer protection. The time is now to put those foundations in place.”

Instant Payments

Fintech Finance

OCTOBER 25, 2024

Getnet , Santander’s leading global provider of payment solutions for merchants, announces today the launch of Getnet SEP, its new regional e-commerce solution that will work as a single entry point (SEP) for payments in Brazil, Argentina, Chile and Mexico.

Payment Solutions

Fintech Finance

OCTOBER 22, 2024

HSBC have launched a new cross border e-commerce payment solution for banks worldwide, enabling their merchant business customers trading on e-commerce sites to seamlessly receive EUR and GBP payments via their local bank account. Merchants can therefore access their funds more quickly and without additional cost.

Cross-Border

Fintech Finance

SEPTEMBER 30, 2024

Mastercard and Amazon Payment Services have signed a multi-year commercial partnership agreement to digitize payment acceptance in Middle East and Africa, across countries including Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, South Africa and UAE.

Visa

Fintech Review

JANUARY 28, 2024

Jack, with his extensive experience in client-facing operations and strong focus on innovative fintech solutions, has played a pivotal role in identifying technology gaps in the payments sector and addressing them through Shape Technologies. Other innovations in fintech or elsewhere that you find particularly interesting?

Payments

Clearly Payments

DECEMBER 3, 2023

Beanstream (now part of Bambora, Canada): Secure payment processing solutions (Canada). BigCommerce Payments: E-commerce platform with integrated payment solutions (International). BitPay: Bitcoin and cryptocurrency payment gateway and processor (International). International).

Payment Gateways

PYMNTS

SEPTEMBER 19, 2019

A majority (55 percent) of corporate professionals identified real-time payments as their top B2B payment service priority, according to the Real-Time Payments Innovation Playbook. Among these new services, the top focus is real-time payments (55 percent), followed by same-day ACH (44 percent).

B2B

Clearly Payments

FEBRUARY 14, 2024

billion mobile wallet users globally , highlighting the rapid adoption of these convenient and secure payment options. Amidst this intricate dance of forces, competition reigns supreme, driving innovation and pushing the boundaries of convenience and accessibility. trillion in payment volume. As of 2023, there were over 4.5

Value Added Service

FICO

DECEMBER 20, 2018

Emerging Payment Solutions Will Grow Up. Emerging payment solutions — mobile wallets and P2P payment networks most notably — are slowly but steadily displacing legacy payment options like cash and checks and cementing themselves in the day-to-day lives of consumers (particularly Millennials and Gen Zers).

Consumer

PYMNTS

NOVEMBER 9, 2020

Nearly three years after the introduction of the second Payment Services Directive ( PSD2 ) in the U.K., there are indications that the opening of data flows between financial services companies has led to strong innovation (and demand for that innovation), and more regulation may loom. The Banks And The FinTechs.

Consumer Financial Protection Bureau (CFPB)

PYMNTS

NOVEMBER 12, 2018

However, these professionals have their own ideas about where corporate payments innovation should be headed. A new report from BNY Mellon , “The Future of Payments: A Corporate Perspective,” surveyed a few corporate clients of the institutions’ Treasury Services unit. .

Innovation

PYMNTS

OCTOBER 21, 2016

Bank of America Merrill Lynch, a player in transaction services, and ModoPayments, a digital payments company, announced Thursday (Oct. 20) a strategic relationship that will give the bank access to Modo’s patented COIN Operated Digital Payments Hub.

Cross-Border

Fintech News

SEPTEMBER 17, 2024

The system is widely used across India for a variety of financial transactions, including peer-to-peer (P2P) payments, bill payments, and online shopping, accounting for 53.4% India’s digital payment landscape is expected to experience accelerated, sustained, and robust growth, building on the momentum of the past decade.

Digital Payments

Fintech Review

JANUARY 28, 2024

These relationships are built on identifying challenges and opportunities and collaboratively creating innovative solutions that benefit our partners and their customers. Question 6 Other innovations in fintech or elsewhere that you find particularly interesting? Answer I always keep an eye on emerging payment methods.

Payments

PYMNTS

JUNE 22, 2020

The new coronavirus has led many businesses and consumers to seek out ways they can receive payments more quickly, but for some, this is only the latest development in a longer curve toward payment innovation. Checks still play a larger role in the B2B world, with 40 percent of all B2B payments still issued via paper checks.

B2B

PYMNTS

AUGUST 8, 2019

Keeping Checks In B2B Payments. The impact of the Federal Reserve’ s faster payments initiative puts an interesting spin on the nation’s payments innovation efforts overall. There’s a lot to learn to do it the first time around when embracing faster payments,” he said, “and this slows people down.”.

FedNow

Fintech Finance

DECEMBER 12, 2023

Consumers can use this solution, which is already operational, throughout the European Economic Area thanks to Visa’s global network and RevoluPAY’s technology and license. This innovative solution arrives amidst a growing trend among consumers favouring digital payments and demanding new methods for seamless money transfers.

P2P

FICO

JANUARY 6, 2020

Emerging Payment Solutions Will Grow Up. Emerging payment solutions are slowly but steadily displacing legacy payment options like cash and checks…However, the faster these new payments move, the more attention they will attract from criminals.”. . In the U.S., million (2.3

Posting

Fintech Finance

MAY 1, 2024

“At Mastercard, we are committed to expanding the variety of innovative payment solutions available to consumers in the region as part of our efforts to drive digital transformation in the markets we serve.

Visa

Fintech Finance

MARCH 26, 2024

The cooperative has focused its innovation agenda on interoperability between digital currencies and tokenised assets to overcome the potential risk of fragmentation, caused by the development of digital currencies on different technologies and with different standards and protocols.

Use Case

PYMNTS

MARCH 2, 2020

Corporate payments innovation has cast a wide net to tackle the many pain points businesses experience today, with accounts payable (AP) one of the most popular targets for disruptors. But supplier payments are far from the only scenario in which businesses face friction when initiating a transaction.

B2C

PYMNTS

DECEMBER 23, 2019

It was in a convergence of these trends that Visa launched its real-time payments solution, Visa Direct , a technology enabling push payments onto recipients’ Visa cards. It creates a dynamic that has driven these types of payment solutions.” The Network Opportunity.

Use Case

Stax

FEBRUARY 26, 2024

That’s why businesses are constantly seeking innovative ways to streamline operations and enhance customer experiences. We can see this trend in action in the realm of payment processing with the advent of recurring payments, also known as automatic payments. What’s Next for Recurring Payments?

Best Practices

PYMNTS

JUNE 10, 2016

A recent white paper by NACHA , the mobile payments alliance, developed in tandem with the Payments Innovation Alliance Mobile Wallet Team, found significant value in the cloud for emerging payment solutions. The choice is a simple one: to innovate or be disintermediated.

NACHA

Segpay

APRIL 22, 2024

With the rise of e-commerce, mobile payments, and digital wallets, it is critical to maximize security to protect customers, merchants, payment service providers (PSPs), and banks from fraudsters, transaction launderers, and cybercriminals. online or in-app purchase), the card details are replaced with a unique digital token.

Data Breach

Ikajo

NOVEMBER 22, 2023

Benefits of PayFac-as-a-Service Payment Facilitation as a Service offers multiple benefits to merchants and payment solution providers. It involves a structured subscription payment that is considerably lower than the initial development cost. How can PayFac as a service be useful for your business?

Facilitators

PYMNTS

OCTOBER 31, 2019

In the flurry of payments innovation, it can be difficult to remember that legacy tools remain commonplace, especially in corporate payments. It’s a service designed around the ubiquity of the paper check, and with checks still a popular payment tool in B2B transactions, lockbox services remain in high-demand.

Lockbox

Clearly Payments

FEBRUARY 8, 2024

The payment landscape in the United States is intricate, continuously evolving to accommodate innovations and meet the changing demands of consumers. This article aims to provide an in-depth overview of the key regulatory organizations, payment regulations, and prevailing trends that shape payment regulation in the USA.

Regulations

PYMNTS

AUGUST 4, 2017

The first QR codes were rolled out by Toyota in 1994 as an innovation meant to help streamline the manufacturing process. The clarity provided by the specifications will enable merchants to accept QR code payment solutions from various providers in a standardized manner,” EMVCo noted in a news release.

Online and Mobile Banking

The Payments Association

MARCH 20, 2025

Diana Carrasco Vime: Exploring a digital pound is a strategic step to ensure the UKs retail payments remain stable, innovative, and fit for an increasingly digital economy. Innovation in retail payments depends on foundational infrastructure that enables payment service providers to develop new solutions.

Digital Currency

Fintech Finance

APRIL 29, 2025

With Adyen’s global reach and advanced payment solutions, we can offer travelers around the world a smooth, secure, and flexible payment experience—supporting major card networks and emerging payment methods alike.

Gateways

Fintech Finance

FEBRUARY 12, 2025

The Monetary Authority of Singapore (MAS ) and the Association of Banks in Singapore (ABS) today jointly announced that a new entity will be set up to consolidate the administration and governance of Singapores national payment schemes[1] to position these schemes for the next stage of growth.

Cross-Border

The Fintech Times

MAY 20, 2025

In fact, only 11 per cent of people still favour paying in cash, highlighting the shift towards more streamlined and digital alternatives, according to a new survey conducted by payment solution provider SumUp. That said, cash still holds its place for many.

Digital Payments