PYMNTS

JANUARY 24, 2019

News from SWIFT on Wednesday (Jan. Per an announcement, SWIFT said that through 2018, it facilitated an average of 31 million messages daily — which, on an annual basis, was up 11 percent from 2017, and represents a 56 percent increase through the past five years. SWIFT has, in recent months, claimed a 99.9

SWIFT 62

SWIFT Volume Cross-Border Cross-Border Payments 62

The Fintech Times

FEBRUARY 28, 2024

Retail payments are undergoing a rapid transformation. From the widespread adoption of mobile wallets to the emergence of cryptocurrencies, alongside innovations like merchant-initiated payments and buy now pay later options, the entire landscape of consumer experiences and business operations is being reshaped.

Retail Payments 59

Retail Payments Innovation Payments Contactless Payments 59

PYMNTS

JANUARY 2, 2019

Coverage includes The National Bank of Kuwait ’s rollout of SWIFT Global Payments Innovation (gpi) services with the help of ACI Worldwide. In addition, UCPB launched its InstaPay service in The Phillipines, and NoBroker has brought rent payments into its app in India.

SWIFT 49

SWIFT Cross-Border Payee Funds Transfer 49

Clearly Payments

JANUARY 25, 2024

The Payment Processing Market Size in Canada Canada’s payment processing market is a vibrant and swiftly evolving industry, propelled by tech-savvy people, a flourishing eCommerce scene, and ongoing innovation. Driving this surge are several factors contributing to the convenience and accessibility of digital shopping.

Process 105

Process Online and Mobile Banking Electronic Funds Transfer (EFT) Digital Currency 105

Fintech Finance

JULY 10, 2024

It will enable interoperability among PayNet, RENTAS, and SWIFT using ISO 20022 standards. As the industry adopts ISO 20022 globally, this modernisation solution meets regulatory mandates, improves system resilience, and integrates future payment services. AFFIN will handle over 20% more transactions, supporting growth and scalability.

ISO 20022 98

ISO 20022 Real Time Payments ISOs Payments 98

The Fintech Times

JULY 20, 2024

It’s been a bad week for global payment and IT systems, as the Clearing House Automated Payment System (CHAPS) experienced a major outage causing serious issues in the UK, swiftly followed by a Microsoft outage that caused havoc for banking firms across the globe. On average, CHAPS enables around 200,000 payments per day.

Payments 122

Payments Mitigation Cybersecurity ISO 20022 122

PYMNTS

JANUARY 4, 2019

In a statement, UCPB Vice President and Head of Marketing Group Charina Balanquit said, “The fund transfer service is geared more for retail payments, such as domestic remittances, payments to service providers, eCommerce and peer-to-peer payments.”.

Instant Payments 67

Instant Payments Online and Mobile Banking Funds Transfer ACH 67

Fintech News

DECEMBER 10, 2023

Some of the authorities supplying commentary to The Future of Competitive Advantage in Banking & Payments report were from Aite-Noverica, Visa, Swift, Banque Cantonale de Genève, the Payments System Regulator, and HSBC, helping to determine what’s working in current product roadmaps of bank and non-bank FIs from 32 countries globally.

FinTech 126

FinTech Cross-Border ISO 20022 Cross-Border Payments 126

Fintech Finance

SEPTEMBER 24, 2024

The government is producing a much needed National Payments Vision and Strategy (NPV&S), that reflects its recognition of the systemic importance of payments to the UK authorities and how its leadership must give rise to a new era for payments.

Cross-Border Payments 95

Cross-Border Payments Financial Inclusion Cross-Border Payments 95

The Fintech Times

NOVEMBER 5, 2024

Whizpay Technology was granted the Stored Value Facility (SVF) and Retail Payment Services and Card Schemes (RPSCS) licences to launch the app from the Central Bank of the UAE. Whizmo will be available for download on both the Play Store and App Store.

Finance 64

Finance B2C Financial Inclusion Non-Bank 64

Fintech Finance

FEBRUARY 7, 2024

ChargeAfter , the embedded lending platform for point-of-sale financing announced that Citi Retail Services, one of North America’s largest and most experienced retail payments and credit solution providers, selected ChargeAfter as a technology provider for its Citi Pay® products, including Citi Pay® Credit and Citi Pay® Installment Loan.

Product 52

Product Technology SWIFT Payments 52

PYMNTS

APRIL 10, 2019

The partnership will also support cross-border payments processed via the SWIFT network. Moving forward, the bank said it aims to expand the integration of VolPay technology to include domestic bulk payments in the Mexican peso as well as to digital retail payments.

Process 53

Process Cross-Border Payments Cross-Border Payments 53

Fintech News

MAY 20, 2024

The panel of experts will include Colin Dinn, Chief Transformation Officer at Vietcombank; Nauman Bashir, Head of Digital and Customer Value Management at Standard Chartered Bank; Mukesh Pilania, EVP-Head of Digital Banking Leader of Retail Payment MFT at Techcombank; and Dorel Blitz, VP of Strategy and Business Development at Personetics.

FinTech 136

FinTech Embedded Finance BNPL On-Demand 136

PYMNTS

MARCH 1, 2019

card issuers, online retailers, payment providers and other businesses using Socure solutions today, the company said the investment will propel its U.S. Cybersecurity startup Socure landed $30 million in new funding, reports said this week, with investors at Scale Venture Partners leading the Series C round.

Returns 75

Returns B2B Security Payment APIs and Integration 75

Fintech Finance

JULY 4, 2024

Open banking investment Fintech is the future of financial services and, by delivering the next phase of open banking and open finance, we can unlock the potential for increased competition in retail payments.

Scams 75

Scams Payments Interoperability Government 75

The Fintech Times

SEPTEMBER 10, 2024

By the end of June 2023, e-CNY transactions – primarily used for domestic retail payments – totalled 1.8 Later this year, the major fintech trade show Sibos , organised by SWIFT, will be held in Beijing – its first event in the APAC region since 2018 in Sydney.

FinTech 59

FinTech Online and Mobile Banking Economy Digital Currency 59

PYMNTS

FEBRUARY 20, 2018

“Although competition and innovations such as mobile or eBanking have made these payments more convenient, the bulk of clearing and settlement for cross-border payments still goes through traditional correspondent banks, which struggle to handle the higher-volume, lower-value retail payments,” the CPMI noted in its report.

Cross-Border Payments 43

Cross-Border Payments Cross-Border International Payments Electronic Funds Transfer (EFT) 43

PYMNTS

NOVEMBER 14, 2018

Going forward, the Boston Consulting Group (BCG) and Swift noted in a report that retail payments may compete on personalization. That comes to show that payments players that have the digital know-how can have an advantage over the less digitally-innovative competition as they head into the future.

Venmo 52

Venmo Payments PayPal Credit Cards 52

Payments Source

JANUARY 4, 2018

Cybersecurity systems, as sophisticated as they are, are clearly not doing the job. And maybe they never will, given that in the end the effectiveness of those systems can be overridden by workers inside the organization, writes Tal Vegvizer, director of research and development for Bufferzone.

Compromise 69

Compromise Security Cybersecurity Research 69

PYMNTS

JULY 25, 2018

It’s a big market today (which will be an exponentially bigger market tomorrow), one that innovators from all over technology, retail, payments and financial services are rushing to get in on at the ground floor, even though that ground floor itself is being built underneath them. So, where to look to understand what’s next?

AI 40

AI Online and Mobile Banking Consumer Technology 40