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Visa (NYSE:V) , a global leader in digital payments, announced new capabilities that enable frictionless, provisioned virtual cardpush-to-wallet experiences. Virtual card transactions will exceed 121 billion globally by 2027, increasing 340% from 28 billion in 2022 1 , according to Juniper Research.
Highnote , the unified platform for embedded finance and modern card issuance, today announced the launch of Instant Payments, a new capability that enables businesses to deliver near real-time payouts from Highnote-issued cards to eligible external debit and prepaid cards.
In recent years, market adoption of credit card surcharging—a practice by which merchants pass on the transaction fee for accepting a credit card to the cardholder—has increased dramatically. In 2024 alone, more than a dozen state legislatures introduced bills related to surcharging and consumer fees generally.
The plan would link Visa card functionality to World Wallet, part of a broader push to offer foreign exchange, fiat on- and off-ramps, and crypto payment tools in a single app. World Network is also in discussions with Rain, a crypto card provider backed by Coinbase and Circle.
Bill Qkr offers a secure, card-based system designed to make payments easier for merchants, acquirers, payment facilitators, and service providers through flexible options and streamlined collection processes. Bill Qkr’s launch partners are incorporating the technology to provide smoother payment options in their regions.
In 2025, under new CEO Alex Chriss, PayPal is revamping its core product stack to reignite growth and stay ahead of fast-moving competitors. The result is a portrait of a fintech incumbent aggressively transforming its product stack – and perhaps its fortunes – in real time. Yet even a company of this scale must evolve.
If you run a business, youre aware of the basic fees for accepting credit card payments. depending on the credit card. increase in fees can mean thousands of dollars lost each year for a business making steady credit card sales. Assessment Fees What It Is: Charged by the card networks (Visa, Mastercard, etc.)
Fraud Management Services: Around-the-clock card payment fraud transaction monitoring and expert advice on fraud strategy and rule definition based on your programme KPI’s. Scam Transaction Monitoring: Safeguards customers and programmes from the growing threat of Authorised Push Payment (APP) fraud.
This meant that the stable environment was shaken up by newcomers who introduced new features, such as allowing consumers to manage their card parameters through an app. Card payments, or payments in general, were often not a profit centre for the banks. This marked a new era for these processes.
Credit cards are a staple in the wallets of consumers today, and they will undoubtedly be a payment method of choice for years to come, particularly as the adoption of mobile and contactless payments continues to grow. In fact, ResearchAndMarkets.com forecasts the global credit card payment market to grow to $762.16
Indigenous Banking (Shroffs and Mahajans): Long before modern banks, India had a thriving indigenous banking system. Moneylenders, traders, and Shroffs (money changers and bankers) facilitated credit and remittances. They were crucial for financing trade routes within India and internationally.
This product builds on the successful partnership between Stripe and TrueLayer in the UK, where Pay by Bank has revolutionised payments for both merchants and customers. With Pay by Bank payments consumers bypass entering card details and instead authorise payment directly from their bank accounts, typically via biometric methods.
Deep Dive Opinion Library Events Press Releases Topics Sign up Search Sign up Search Retail Banking Restaurants Regulations & Policy Risk Technology B2B An article from Dive Brief Visa, FIS boost value-added card services The companies say they aim to strengthen tech tools available for smaller financial institutions in issuing cards.
Texas-based digital banking solutions provider Alkami Technology is bringing Push Provisioning to NASA Federal Credit Union (NASA FCU). “I truly believe that our card management suite is one of the best,” NASA FCU digital banking manager Liam Petraska said.
For example, Bank of America (US) announced its clients reached 26 billion digital interactions in 2024 (a 12% year-over-year increase), including 676 million interactions with its AI virtual assistant “Erica.” In the UK, NatWest’s AI assistant, “Cora,” handled 11.2 At the same time, a J.D. Almost every bank is at least planning for GenAI.
billion Matrixport is a digital asset platform that provides a range of crypto investment products and financial services for both beginners and experienced investors. billion Matrixport is a digital asset platform that provides a range of crypto investment products and financial services for both beginners and experienced investors.
This shift is especially visible in the adoption of network tokenisationa model introduced by major card networks like Visa and Mastercard, where card details are replaced with dynamic, network-managed tokens. The necessity of tokenisation in digital payments The traditional view of tokenisation as a fraud mitigation tool is outdated.
According to Yaccarino, the partnership will allow for secure and instant funding to users X Wallet via Visa Direct, connecting to their debit cards and allowing for peer-to-peer payments. By replacing the need for physical cash or cards, they allow seamless payments via smartphones, tablets, or other connected devices.
Following the expansion of its partnership with Visa, banks that join FIS’ technology ecosystem will be able to leverage a range of new payment products and services that can help grow revenues, retain customers and reduce fraud losses.
The new addition to its unified product platform will enable businesses to provide near real-time payments from Highnote-issued cards to eligible debit and prepaid cards. Instant Payments enables businesses to push funds to debit and prepaid cards in the US.
Payment technology and innovation are accelerating across the fintech industry, with more companies recognising the importance of adapting to changing customer needs, with non-cash transactions projected to hit 2.3 trillion transactions by 2027. billion users by 2025, nearly 60% of the global population.
PCI DSS: Safeguarding cardholder data If you handle card payments, PCI DSS compliance is non-negotiable. It keeps your customers’ card details safe and your systems strong. PCI DSS stands for Payment Card Industry Data Security Standard. Yes, trust is everything. You know this already. So, let’s dig in. What is PCI DSS?
Regional and community banks that join FIS’ technology ecosystem will gain access to new payments products and services that can help grow revenues, retain customers and reduce fraud losses. “However, without the requisite infrastructure and resources, smaller financial institutions can struggle to meet this need.
Gap is one of dozens of merchants suing Visa and Mastercard over the cost of interchange fees on Visa and Mastercard-branded cards. In subsequent court filings, lawyers for the merchants asserted that Visa and Mastercard had seized on the judge’s question as the basis of their effort to push the trial into 2026. Last week, U.S.
Skip to main content CONTINUE TO SITE ➞ Dont miss tomorrows Payments industry news Let Payments Dives free newsletter keep you informed, straight from your inbox. By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at anytime. That’s true when there are trouble spots with services too. “We
Chargeback volumes have increased 25% annually over the past three years, pushing financial institutions to reconsider their manual processing approaches. Automated systems complete the same work in hours, improving the likelihood of meeting tight card network deadlines. Response times drop dramatically with automation.
As part of its Latin America push, Airwallex plans to integrate with Brazils PIX instant payment network, which is expected to account for 40% of the countrys online payments by 2026. The company has also broadened its product offerings, launching Airwallex Yield, Global Entity Management, and a credit cardproduct.
That means no extra cards and no extra friction for your customers. That also means your customers don’t need to swipe any extra card, enter a number, or remember to open a separate app. Traditional loyalty programs are often built as afterthoughts. A separate sign-up. A separate app. A separate step. They don’t just process a sale.
We sit down with Samuel Flynn , co-founder and CEO at Hands In , a split payments platform enabling users to split payments across multiple cards and people, to explore how the company has fared in the last 18 months and its plans for the future. At FinTech Connect , we sat down to chat about Hands In with Flynn.
While it didn’t lead to the elimination of cash, it’s nonetheless more common to see consumers pull out a card than cash in many parts of the country If you run a business, it’s almost inevitable that much of your sales are made using a method other than cash. The answer is “it depends.” Is it legal to refuse to accept cash?
Banking institutions across Asia Pacific are under increasing pressure to modernise. Whether in current or emerging markets, banks are riding the tide of a rapidly shifting landscape defined by digital technologies, adapting to regulatory requirements, rising customer expectations, and stiff competition from nimble fintech startups.
According to HM Treasury, the new classification reflects the sector’s increasing exposure to criminal exploitation, particularly through prepaid products, rapid onboarding, and cross-border digital capabilities. Why is it important? What’s next? The decision has sparked debate across the payments industry.
If you take a lot of ACH payments, then leveraging an ACH API can streamline your processes and ensure you’re able to take payments in an efficient and secure manner. In this article, we will look at the role of ACH API, how it works, and how you can implement it for your company.
Some credit card machine companies also provide merchant accounts, while others are solely equipment manufacturers. This article is specifically about credit card machine companies, not the machines themselves. Well take a look at why that matters and give a rundown of the major equipment providers in the United States.
From Niche to Necessity While tokenisation is already well established in card payment systems, its adoption for bank account data is only just beginning. Rising fraud, evolving cyber threats, and increasing expectations from partners and regulators are all pushing tokenisation from a niche solution to a best-practice standard.
The current version lets you: Accept e-commerce payments from your websites Manage customer data of online buyers, including cards on file Issue refunds Retrieve payment and refund information Square boasts that you don’t need a lot of technical knowledge to enable online payment capability when you choose Square for online payments.
Also this week, Crypto.com announced that it would expand its offering to include banking services, credit cards, and stock trading. Also this week, Crypto.com announced that it would expand its offering to include banking services, credit cards, and stock trading. and South Korea by Q2 of next year. and South Korea by Q2 of next year.
Whether it is card networks, interbank transfers, or settlement systems, banks sit at the heart of the pipes that move money. While fintech firms push for innovation, banks often push for clarity, risk reduction, and barriers to entry. Their influence goes beyond balance sheets and branch networks.
But it also found that 13 per cent are unaware of how using BNPL for small, everyday purchases affects their credit report, while 26 per cent of UK adults prefer BNPL over credit cards for everyday spending. UK regulator, the Financial Conduct Authority (FCA), has published new proposals to regulate the Buy Now Pay Later (BNPL) market.
Camerling added: “The growing importance of in-person payment orchestration, often referred to as card-present payment orchestration, has been a highlight. As 2024 draws to a close, it’s been an eventful year for the payments industry, marked by rapid innovation, unexpected challenges, and evolving consumer expectations.
While it has built its operations around cross-border payments, the company is now piloting a credit card in Australia as part of its push into lending. CEO Jack Zhang previously indicated that Airwallex aims to eventually match the product offerings of major global banks. and the U.K. In the U.S., However, an IPO in the U.K.
We believe that the whole global card payments industry lacks transparency when it comes to profitability calculation and scheme fees analysis. A big thank you to Sifted for featuring us, and we will continue to push forward!”, And Torus is on a mission to fix this issue.
Last year, Brex born as a scrappy startup with a corporate card for startups that transformed into a global fintech and enterprise SaaS firm in corporate spend made a bold move: it hit reset. This move simultaneously positioned Brex as a competitor to companies like Ramp and traditional corporate card providers.
Appointments Community finance provider Salad has appointed Craig Pennington , formerly of Fair4All Finance, where he led investment partnerships to support inclusive lending. Salad, a UK CDFI and Fair4All investee, serves full-time workers excluded from mainstream credit. Raul Villar Jr.,
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