Payments Next
OCTOBER 21, 2024
By: Michael Seaman, CEO & Founder of Swipesum Network tokenization is a trending topic in the payments industry, transforming how transactions are The post Network Tokens: Understanding the Technology Transforming Consumer Payments first appeared on Payments NEXT.
The Payments Association
OCTOBER 21, 2024
What is this article about? The UK’s increasing fraud and scam problem, focusing on new regulations mandating automatic reimbursement for APP fraud victims. Why is it important? The rule changes provide stronger consumer protection but also raise concerns about industry costs and potential fraud exploitation. What’s next? Collaboration between regulators, law enforcement, and the counter-fraud community is needed to ensure the effectiveness of the reimbursement scheme and to mitigate
Stax
OCTOBER 21, 2024
Accepting credit card payments at your business is a surefire way of increasing customer satisfaction and retention. Don’t believe it? Here are the numbers to prove it. Over 80% of American adults owned at least one credit card in 2023. Also, credit cards contributed to 27% of the spending at point-of-sale (POS) systems worldwide. That’s over $10 trillion in transactions.
Fintech News
OCTOBER 21, 2024
Global payments company Thunes has launched a new service that enables banks to send payments directly to mobile wallets worldwide. By utilising their existing Swift connectivity, banks can now access Thunes’ Direct Global Network and process transactions to over 3 billion mobile wallets in 130 countries through 120 mobile wallet brands. This eliminates the need for separate technical integration and allows for faster, more transparent cross-border payments.
Speaker: Jennifer Wright and Nick Barron
2025 is right around the corner, and with it comes a new wave of consumer expectations, competitive pressures, and operational challenges. Success lies in finding the balance between operational flexibility and creating experiences that keep customers coming back. The future of retail belongs to those who can stay ahead of shifting customer preferences and marketing trends. 🔮 In this session, we’ll dive deep into what it takes to keep customers engaged and your operations nimble, no matt
Payments Dive
OCTOBER 21, 2024
The card issuer has recently focused on courting cardholders hungry for restaurant services, but last week reported spending growth in that category had waned.
The Payments Association
OCTOBER 22, 2024
What is this article about? New UK regulations requiring payment firms to refund fraud victims up to £85,000 within five days Why is it important? It aims to protect consumers from authorised push payment (APP) fraud but raises concerns about the adequacy of protection for larger fraud cases. What’s next? Financial institutions must adopt AI-driven solutions and collaborate closely to proactively combat evolving fraud threats.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Fintech News
OCTOBER 20, 2024
DBS Bank has introduced DBS Token Services, a suite of banking services that uses blockchain technology to offer faster and more efficient transactions for institutional clients. The new services allow for 24/7 real-time settlement of payments and utilise smart contracts to increase security and transparency. This blockchain service operates through DBS’s permissioned blockchain, ensuring full control while maintaining compliance.
Payments Dive
OCTOBER 21, 2024
The payments processor can undercut rivals on price because it won’t be paying bank fees, say industry consultants.
Finextra
OCTOBER 21, 2024
Real-time payments are forecast to generate $285.8 billion of additional global GDP growth and create more than 167 million new bank account holders by 2028, according to a new report published by ACI Worldwide.
Fintech Finance
OCTOBER 21, 2024
The Central Bank of Kenya (CBK) announces that the Kenya Electronic Payment and Settlement System (KEPSS) has been successfully migrated to the ISO20022 Global Messaging Standard (“ISO20022 Standard”). KEPSS, which is Kenya’s Real-Time Gross Settlement (RTGS) system, is operated by CBK to process large-value and time-critical payments. It is the backbone of Kenya’s domestic and regional payment transactions.
Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms
In this webinar, Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms, will dive into the 7 must-have criteria for evaluating payments partners, helping you maximize both efficiency and the long-term value of your investment. From assessing technology capabilities to leveraging business development opportunities, this session will give you a clear, actionable strategy to select the right partner for scaling your business.
Fintech News
OCTOBER 21, 2024
Singapore-based regtech firm Tookitaki has secured funding from True Global Ventures (TGV) Opportunity Fund. The sum was not disclosed. This funding will support Tookitaki’s expansion across key Asian markets and bolster its financial crime prevention technology. Tookitaki’s platform, FinCense, uses AI to help institutions detect and address financial crime more effectively.
Payments Dive
OCTOBER 21, 2024
The CEO's for Stripe and Bridge confirmed the news on the social media platform X on Monday, but offered few details on the deal.
Finextra
OCTOBER 21, 2024
Global payment revenues will remain robust over the next five years, enabling the sector to unlock an additional $700 billion by 2028, according to a McKinsey report.
Basis Theory
OCTOBER 22, 2024
Understanding the different PCI compliance levels is the first step to reducing the challenges they might bring to your organization.
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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.
Fintech News
OCTOBER 21, 2024
Switzerland shall have become a globally leading hub for green digital finance by 2030, further empowering positive environmental and economic impact. Committed and competent entrepreneurs are just as much needed as progressive, mission-driven corporates, and authorities that provide a secure and innovation-friendly framework. From this perspective, Switzerland is on the right path.
Fintech Finance
OCTOBER 21, 2024
CaixaBank closed the first months of the year with 4.4 million customers with cards linked to mobile devices, figures that are on the rise, with more than 800 million transactions in the last 12 months. With this, the bank reinforces its position as a benchmark in payment methods in Spain and reaffirms forecasts that point to the growth of mobile phones as means of payment among users.
Finextra
OCTOBER 21, 2024
The National Bank of Kazakhstan will provide clients the “ability to spend crypto tokens” by the end of this year, announced Assel Marchenko, CTO and deputy of CEO, National Bank of Kazakhstan, at Sibos today.
Bank Automation
OCTOBER 21, 2024
Wells Fargo’s Innovation Center in Menlo Park, Calif., is hosting meetings with partners and venture capital firms after opening in May. “We are using this space to uncover new ways to collaborate internally, with customers, and partners, using skills across areas like research, emerging technology, product, strategy and operations to create solutions for our clients,” […] The post Wells Fargo opens innovation hub in California appeared first on Bank Automation News.
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Build a sustainable merchant services portfolio with practical strategies to ensure long-term success. Diversify across industries to spread risk and stabilize income, balancing high-risk and low-risk clients for a robust mix. Combine large and small merchants to create a resilient payment portfolio, leveraging each type's strengths. Foster long-term relationships through exceptional service and personalized support.
Fintech News
OCTOBER 21, 2024
Euroclear has acquired a strategic stake in Marketnode , a Singapore-based digital market infrastructure operator. The investment supports Euroclear’s growth strategy in the Asia Pacific region, although the financial terms were not disclosed. Euroclear is a Belgium-based financial services company that specialises in the settlement of securities transactions, safekeeping, and asset servicing for bonds, equities, and investment funds.
Fintech Finance
OCTOBER 21, 2024
The Payments Group launched today, a group of four cooperating specialist fintech and paytech businesses. TPG brands operate in a combined 190 countries, are used for payments on tens of thousands of apps/websites, and its cash services are available at 550,000 physical retail locations worldwide. TPG’s four fintech brands had a net revenue of €10 million in the last financial year and its founders are confident of navigating a ‘ruthless’ payments market under the new brand and business structur
Finextra
OCTOBER 21, 2024
Innovations in AI and embedded finance have kickstarted a recovery in fintech funding, according to Q3 figures compiled by Dealroom.
Faster Payments Council
OCTOBER 21, 2024
Join us for an upcoming webinar, sponsored by Endava, on Tuesday, December 10 from 1:00pm-2:00pmCT. In this webinar, industry leaders will explore operational considerations for implementing instant payment systems, featuring insights from financial institutions that have successfully implemented the receipt of instant payments. Attendees will hear firsthand accounts of the journey these institutions took, including key lessons learned and the impact on their operations.
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.
Fintech News
OCTOBER 20, 2024
Nium, a global payments infrastructure provider, announced that financial institutions can now connect to its real-time payments network using their existing Swift infrastructure. This eliminates the need for complex and costly API integrations, making cross-border payments faster and more affordable. By utilising Swift MT and ISO 20022 messaging formats, Nium enables seamless connectivity for banks, facilitating quicker settlements and enhanced transparency.
Fintech Finance
OCTOBER 21, 2024
Over the past year Wise Platform , Wise’s global payments infrastructure for banks, financial institutions and larger enterprises, has further enhanced its product suite for partners and significantly expanded its global regulatory footprint. As a result, Wise Platform is helping more partners offer faster, cheaper, secure, and convenient international payments directly from their own platforms.
Finextra
OCTOBER 21, 2024
Tokenisation of money has many benefits, but also poses economic, legal and technical challenges that must be addressed if it is to fulfil its potential, says the Bank for International Settlements.
Finovate
OCTOBER 21, 2024
News in the payments space has been heating up this month, with announcements from Mastercard, Stripe, Token.io, Worldline, and Tyfone shaking things up. What’s next for payments? Stay tuned throughout the week to read the latest news this week as we post updates and evolutions. Bank technology Tompkins Community Bank selects NCR Atleos ATM-as-a-Service to strengthen self-service banking.
Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms
Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.
Fintech News
OCTOBER 21, 2024
In Southeast Asia, e-wallets are rapidly emerging as the most used payment method, a trend that’s particularly pronounced in countries like Indonesia and the Philippines where a large proportion of the population still lack access to traditional banking services and where governments are pushing for greater usage of cashless transactions, a new study by Visa shows.
Fintech Finance
OCTOBER 21, 2024
Tinaba , Italy’s leading fintech app in partnership with Banca Profilo, has made a significant leap forward by becoming the first European fintech to integrate Alipay+ Mini Program solution, transforming itself into a Super App. The integration of technology by Ant International enables Tinaba to develop an open platform for 3 rd party developers to build and publish Mini Programs inside its app, establishing a new digital ecosystem for businesses of all sizes.
Finextra
OCTOBER 20, 2024
Singapore's DBS has integrated a suite of blockchain-powered capabilities within its core transaction banking services for institutional clients.
Bank Automation
OCTOBER 21, 2024
Commonwealth Credit Union is using Zest AI’s underwriting solution to speed up customer service and improve risk modeling and accuracy of underwriting. “Seventy percent to 83% of all our loan underwritings are automated now,” Chief Growth Officer Jaynel Christensen told Bank Automation News. The $2 billion credit union started working with Zest AI in 2021 […] The post Commonwealth automates majority of underwriting with AI appeared first on Bank Automation News.
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