Payments Dive
SEPTEMBER 4, 2024
Some customers deposited bad checks and immediately withdrew funds before the checks bounced in a glitch that went viral on TikTok. Now, some users have holds on their accounts.
Faster Payments Council
SEPTEMBER 6, 2024
Join us for an upcoming FPC webinar, sponsored by Finzly, on Wednesday, September 18 from 12:00pm-1:00pmET. Is your financial institution fully harnessing the potential of RTP® and FedNow® to drive growth? While 'receive-only' instant payments is a significant step forward, the true transformative power lies in actively sending payments. In a recent joint survey from the FPC and Finzly, it unveiled that corporate customers drive nearly 78% of instant payments revenue.
PCI Security Standards
SEPTEMBER 9, 2024
The PCI Security Standards Council (PCI SSC) has published a new Information Supplement: PCI DSS Scoping and Segmentation Guidance for Modern Network Architectures. This document was produced by the 2023 Special Interest Group (SIG), the members of which provided their extensive payment security expertise and technical knowledge around best practices, guidance, and real-world scenarios for applying PCI DSS scoping and segmentation techniques in a variety of modern network architectures.
TechCrunch Fintech
SEPTEMBER 2, 2024
The Dubai-based startup, which now counts 50,000 retail and business customers in the UAE, has netted $22 million led by Altos Ventures. © 2024 TechCrunch. All rights reserved. For personal use only.
Speaker: Jennifer Wright and Nick Barron
Navigating the complexities of e-commerce requires more than just the right technology - It demands a holistic strategy that aligns platform capabilities with customer- centric design and marketing. This webinar will provide a roadmap for building a robust e-commerce strategy, guiding you through key decisions from platform selection to creating user experiences that convert, and leverage digital marketing to reach and retail customers.
Fintech Finance
SEPTEMBER 3, 2024
ACI Worldwide (NASDAQ:ACIW), an innovator in global payments technology, today announced a collaboration with Red Hat Inc. , the world’s leading provider of open source solutions, to make ACI’s cloud-native Enterprise Payments Platform available on any cloud infrastructure. With this collaboration, ACI will help customers ease their migration to the cloud to better adapt to the rapidly evolving digital economy and power the next generation of payment services.
Fintech News
SEPTEMBER 1, 2024
Cambodia and South Korea have officially launched a new cross-border payment system. This system, currently in its first phase, allows customers of Jeonbuk Bank in South Korea to make seamless payments to merchants in Cambodia using Bakong (KHQR) QR codes. The launch ceremony, held in Phnom Penh, was attended by senior officials, including Dr. Chea Serey, Governor of the National Bank of Cambodia, and Kim Tae Hyun, Vice President of Jeonbuk Bank.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Finextra
SEPTEMBER 4, 2024
The UK's Competition Appeals Tribunal has given the go-ahead for a $4 billion class action lawsuit brought by UK businesses over Mastercard and Visa multilateral interchange fees.
PCI Security Standards
SEPTEMBER 3, 2024
In a significant move, the PCI Security Standards Council (PCI SSC) has announced enhancements to its Point-to-Point Encryption (P2PE) Program for use with the currently published P2PE Standard v3.1, which provides the ability to validate and list P2PE solutions that cryptographically protect account data from the point where a merchant accepts a payment card to the secure point of decryption.
Fintech Review
SEPTEMBER 3, 2024
The digital payments landscape is rapidly evolving, driven by technological advancements and changing consumer preferences. As we look towards 2025, several key trends are shaping the future of digital payments, including contactless payments, cryptocurrency transactions, and mobile payment solutions. Digital payments in 2025: current trends and predictions for the future, offering insights on how businesses and consumers can prepare for these impending changes.
Fintech Finance
SEPTEMBER 9, 2024
Thunes , the Smart Superhighway for money movement around the world, is proud to welcome OJCS “Commercial Bank Kyrgyzstan” | MBANK as a Member of the Thunes Direct Global Network. This collaboration allows MBANK to connect businesses and individuals in Kyrgyzstan directly to over 7 billion mobile wallets and bank accounts around the world, to make payments in real-time in over 130 countries and 80 currencies in a faster, more convenient, and reliable way.
Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms
Join Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms for an informational webinar about how to select the ideal payments provider for your platform! This session highlights the 7 key criteria for assessing payments partners and maximizing the value of your investment. From evaluating technology and business development programs to understanding support and compliance, this webinar will equip you with a comprehensive evaluation framework and strategy for
Fintech News
SEPTEMBER 2, 2024
The Thai Bankers Association (TBA) has blacklisted 15,000 individuals and suspended 34,000 bank accounts connected to call-center scam operations, according to The Nation. The move follows the implementation of an AI-driven Cross-Reference File (CRF) system designed to identify mule accounts used in money laundering activities. Payong Srivanich TBA Chairman Payong Srivanich announced on Monday that the CRF system, developed by the association, flagged more than 15,000 individuals who had opened
Payments Dive
SEPTEMBER 9, 2024
How open finance enables efficient and secure technology, greater flexibility, and scalability.
Finextra
SEPTEMBER 3, 2024
Three men have pleaded guilty to operating a subscription-based Web service in the UK that enabled criminals to circumvent One-Time-Passcode (OTP) anti-fraud checks.
NFCW
SEPTEMBER 9, 2024
iOS 18.1: Developers will be able to offer NFC services that make use of the iPhone’s secure element Ten years ago today, the NFC industry collectively popped open the champagne to celebrate Apple’s launch — finally — of the first iPhone to include support for NFC. Now, a decade on, Apple has taken its first steps towards fully opening up access to the iPhone’s NFC functionality.
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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.
Bank Automation
SEPTEMBER 9, 2024
Citizens Bank has deployed generative AI and automation in operations for activities including coding, customer service and fraud detection, and the efficiency gains are adding up. “We completed a pilot using Microsoft Pilot … and the results were outstanding,” Michael Ruttledge, chief information officer and head of enterprise technology and security at Citizens, told Bank […] The post Citizens sees up to 20% efficiency gains through gen AI appeared first on Bank Automation News.
Fintech Finance
SEPTEMBER 4, 2024
Open Payment Technologies Ltd , a payments service processor, has today announced the expansion of its digital wallet services, Kuady , into Argentina. It brings an advanced, user-friendly experience that ensures secure and efficient money management through an e-wallet app. Following successful launch in Peru and Chile, Kuady’s expansion into Argentina will provide global organisations with further access to the Latin American market.
Fintech News
SEPTEMBER 1, 2024
Singapore’s OCBC Bank experienced technical difficulties on 1 September (Sunday) that temporarily disrupted its internet and mobile banking services. Customers encountered challenges accessing their accounts and conducting online transactions. The bank assured that customer funds were not affected during the service disruption, and no customer data was compromised.
Payments Dive
SEPTEMBER 4, 2024
Due to lax authentication practices, a thief or hacker can easily add a stolen credit card to their own digital wallet, the study concluded.
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Finextra
SEPTEMBER 2, 2024
African-founded cryptocurrency exchange, Quidax announced that it has become the first crypto exchange to receive a provisional operating license by Nigeria’s Securities and Exchange Commission (SEC) as a Digital Assets Exchange.
The Fintech Times
SEPTEMBER 7, 2024
Network International , the digital commerce enabler in the Middle East and Africa (MEA), is extending its strategic partnership with Orabank Group , the largest banking group in Francophone Africa, in a move to enhance the bank’s prepaid and agent banking solutions. Orabank Group explained that it hopes to enhance the banking experience for its customers and enable its digital transformation , through the continuation of its partnership with Network International.
Finovate
SEPTEMBER 3, 2024
The last time we covered open banking infrastructure company Axway , was a little over a year ago in the wake of the company’s acquisition of e-invoicing specialist AdValvas. Today, the Scottsdale, Arizona-based firm is back in the fintech news headlines with another acquisition announcement. The firm has officially sealed the deal with core banking software vendor Sopra Banking Software by acquiring the company for $364 million (€330 million).
Fintech Finance
SEPTEMBER 4, 2024
Fime , a global leader in consulting, testing, and certification services, is excited to announce the acquisition of Consult Hyperion , a renowned consultancy firm with expertise across payments, smart mobility and digital identity. The acquisition augments and cements Fime’s ability to deliver comprehensive consulting and advisory services—from ideation to implementation and testing—across these key sectors.
Speaker: David Nisbet, Everett Zufelt, and Michaela Weber
Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.
Fintech News
SEPTEMBER 2, 2024
Global verification provider Sumsub has introduced Local Data Processing (LDP) capabilities in the Asia-Pacific (APAC) region. The new infrastructure now operational in Singapore, Hong Kong, Indonesia, and the Philippines. This expansion follows the company’s earlier launch in the Middle East and Africa in June. As data privacy regulations tighten across APAC, driven by growing digital transformation and increased awareness of privacy concerns, Sumsub’s LDP solution aims to help businesses
Payments Dive
SEPTEMBER 3, 2024
Two buy now, pay later companies pivoted in offering their services in the state because it insists they must be licensed to provide loans.
Finextra
SEPTEMBER 4, 2024
Tide, the UK’s leading business financial platform, has reached one million customers (members) globally, a significant milestone for the Company.
The Fintech Times
SEPTEMBER 9, 2024
The American Fintech Council (AFC) has backed the Federal Reserve ’s proposal to extend the operating hours of the Fedwire Funds Service and National Settlement Service (NSS). The proposal suggests extending operating hours to 22 hours a day, seven days a week, year-round, with the aim of improving the safety and efficiency of the US payment system.
Speaker: Shaunna Bruton, Danielle Wyllie, and Kailey Holmes
Say goodbye to one-size-fits-all retail, and say hello to experiences that keep your customers coming back for more! Customer loyalty isn’t just earned - it’s cultivated through meaningful engagement with the help of data. This webinar will take you behind the scenes of how top retailers turn customer data into personalized experiences that drive engagement and retention.
Open Banking
SEPTEMBER 9, 2024
Open Banking Limited (OBL) is pleased to announce that the Competition and Markets Authority (CMA) has officially confirmed the full completion of the final Roadmap for Open Banking. This milestone, building on the “substantial completion” announced in 2023, means that all nine banking providers mandated by the CMA under the Retail Banking Market Investigation Order (the CMA Order) have successfully completed the Roadmap and associated required functionality to offer the full suite o
Fintech Finance
SEPTEMBER 6, 2024
Network International (Network) a leading enabler of digital commerce in the Middle East and Africa, has extended its strategic partnership with Orabank Group , the largest banking group in Francophone Africa, to transform the bank’s prepaid and agent banking solutions. The partnership is a significant milestone in enhancing the banking experience for Orabank Group customers and enabling the bank’s digital transformation with innovative solutions.
Fintech News
SEPTEMBER 1, 2024
The Singapore subsidiary of crypto exchange OKX has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license allows OKX to offer a broader range of digital payment services in compliance with local regulations. The approval follows the in-principle approval granted by MAS in March 2024. Gracie Lin In tandem with this milestone, OKX has appointed Gracie Lin as the new CEO for its Singapore operations.
Payments Dive
SEPTEMBER 4, 2024
The Consumer Financial Protection Bureau asked for public feedback on its earned wage access rule proposal and it got an earful.
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