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Visa, FIS boost value-added card services

Payments Dive

Justin Sullivan via Getty Images Dive Brief: Visa and Fidelity National Information Services (FIS) have expanded their partnership to provide new value-added services to financial institutions in a bid to level the playing field for smaller regional and community banks competing with bigger banks, the payment giants said Thursday in a press release.

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Live Oak Bank Implements Finzly’s Fedwire Solution

Finovate

The technology leverages Finzly’s pre-wired, tested, and certified connections to the Fed to keep banks and other financial institutions a step ahead when it comes to implementing Fedwire, complying with ISO 20022 standards, and launching new value-added services.

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Worldpay scores new business distribution channel with Santander UK

Finextra

Santander Corporate and Commercial Banking customers will also benefit from dedicated e-commerce and implementation consultants on hand to offer support and provide value added services.

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Lunar migrates to Visa-owned cloud-native platform Pismo; adopts Wise platform

Finextra

Ken Villlum Klausen, CEO and founder of Lunar, says that the new platform will reduce reliance on legacy technology and enable it to to develop and launch new products leveraging built-in value added services from Visa, such as AI-powered fraud protection and digital-first UX.

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Deep Dive: Mastercard’s Shift - From Plastic to Platforms

Finextra

Over the past decade, the company has aggressively diversified – expanding into new payment rails, new markets, and new value-added services. Its infrastructure, built for interoperability and scale, now handles everything from business-to-business (B2B) payments to person-to-person (P2P) transfers across different currencies.

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Generative AI in Payments: 4 Use Cases to Increase Revenue and Optimise Costs

Fintech News

Rapid creation and easy testing of new products Product managers use the flexible rules in Way4 to create unique payments products in the areas of issuing, acquiring, switching, wallets, BNPL, digital currencies, and more. Source: OpenWay 2. This highlight how Gen AI in payments can transform various aspects of the financial industry.

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The Ultimate Guide to Online Payment Processing

Stax

You must set up a cryptocurrency wallet to accept digital currency and also implement a medium for customers to provide their own wallet address and the payment amount they are sending. If you plan to reach a global audience, then a multi-currency payment gateway is a must. Another thing to activate are email notifications.