Fintech News

MARCH 12, 2024

This collaboration aims to enhance regulatory compliance, secure data storage, and automate crypto transaction monitoring for their clients. Featured image credit: Edited from Freepik The post Sumsub Integrates with Chainalysis to Strengthen Crypto Transaction Security appeared first on Fintech Singapore.

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Transactions Security Deepfake Travel Rule 100

ACI Worldwide Blog

MAY 13, 2024

ATMs are no longer just cash dispensers – they serve as multifunctional banking kiosks where routine and low-value branch transactions can be performed (cash or check deposits, bill payments, or money transfers). The post Navigating the Future: ACI’s ATM Transaction Processing Trends appeared first on ACI Worldwide.

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Payments Dive

SEPTEMBER 1, 2023

Second-quarter transaction volume at the bank-owned peer-to-peer payments app rose 10% over the first quarter, parent Early Warning Services said.

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Volume Zelle Transactions Payments 88

Finovate

APRIL 25, 2024

Salesforce launched two new capabilities within its Einstein 1 platform, Transaction Dispute Management and Einstein Copilot Banking Actions. Transaction Dispute Management helps service agents streamline dispute management, while Einstein Copilot Banking Actions serves as a chatbot and AI assistant for bank service agents.

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Fintech News

MARCH 26, 2024

This collaboration aims to facilitate secure cryptocurrency transactions by connecting Binance’s extensive user base of over 183 million with Sumsub’s network of Virtual Asset Service Providers (VASPs), financial institutions, and fintech companies.

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Finextra

APRIL 24, 2024

Intellect Global Transaction Banking (iGTB), the transaction banking specialist from Intellect Design Arena Limited, has announced Jordan Kuwait Bank’s (JKB) successful implementation of Digital Transaction Banking (DTB) platform enabled by eMACH.ai architecture.

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Transactions 59

Finovate

MAY 14, 2024

Salt Bank will deploy Napier AI’s transaction screening solution to protect transactions against a variety of fraud risks. Salt Bank will deploy Napier AI’s Transaction Screening solution to ensure that the hundreds of millions of transactions Salt Bank handles are safe from fraud risks.

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Synapse Payment Systems

AUGUST 25, 2022

However, businesses have to pay processing fees for each transaction. Negotiating lower transaction fees with your merchant account provider is all about being proactive and doing your research. Negotiating lower transaction fees with your merchant account provider is all about being proactive and doing your research.

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Credit Cards Transactions Processors Assessments 130

Paystand

MAY 10, 2024

They empower businesses to streamline transactions, enhance customer satisfaction, and optimize financial operations. NetSuite integrated payments are crucial for efficient processing within NetSuite. These gateways are essential to driving operational efficiency and accelerating cash flow.

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Bank Automation

MARCH 28, 2024

In the banking industry, transaction monitoring stands as a critical pillar of defense against fraud, money laundering, and other illicit activities. This is where machine learning emerges as a key driver, offering remarkable capabilities in transaction monitoring. Transaction monitoring […]

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Transactions Money Laundering AI 69

The Fintech Times

MAY 8, 2024

SmartStream , the financial transaction lifecycle management (TLM) solution provider, has implemented its TLM reconciliations premium digital payments control solution at AYA Bank , a Myanmar-based banking institution. These enhancements hope to enable AYA Bank to mitigate risks and reduce operational expenses effectively.

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Segpay

OCTOBER 18, 2023

5 minute read Transaction laundering is a deceptive and illicit financial activity in which a legitimate merchant’s payment processing system is exploited to disguise illegal transactions or the sale of prohibited or counterfeit goods and services. Transaction laundering is also called factoring or transaction aggregation.

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Fintech News

FEBRUARY 13, 2024

This expansion allows financial institutions to incorporate virtual corporate cards into employees’ digital wallets, such as Apple Pay and Google Pay, offering increased convenience, security, and flexibility for corporate transactions. said Gloria Colgan, Senior Vice President, Global Product at Visa Commercial Solutions.

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The Payments Association

FEBRUARY 19, 2024

Artificial intelligence’s impact on the payments landscape is nothing short of transformative – from personalised customer experiences and seamless cross-border transactions to enhanced security and prompt fraud detection, AI-driven innovations […] Read more

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AI Transactions Fraud Detection Cross-Border 88

Finextra

FEBRUARY 7, 2024

In the wake of the widespread shift to digital banking and ecommerce, fraud teams have seen a sharp increase in card transaction fraud. Since 2014, card transaction fraud has increased by an average of 8.9% In an increasingly complex threat environment, card transaction fraud has devastating consequences for banks and merchants alike.

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Transactions 98

Payments Dive

JANUARY 26, 2024

It’s an uncommon penalty, but the federal agency asserts that as technology advances, financial institutions may be able to block more transactions at the time of a swipe, tap or click.

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Payments Dive

MARCH 4, 2024

The peer-to-peer payment app provided a performance update, with transactions volume and value both up about 30% from the previous year.

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Transactions Zelle Volume Payments 103

Fintech Finance

FEBRUARY 7, 2024

Ebury , a fintech specializing in cross-border payments and FX solutions, based in London and present in 25 countries, has introduced to the market a pioneering solution for direct transactions between the Brazilian real and the Chinese yuan. The solution benefits companies in both the traditional industrial and digital technology sectors.

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Transactions Cross-Border Cross-Border Payments Facilitators 98

Payments Dive

NOVEMBER 29, 2022

Afterpay transactions more than doubled last week relative to the first week of October, Block reported, as more consumers leaned on buy now-pay later financing.

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Transactions BNPL Blocks Finance 88

The Paypers

MAY 8, 2024

Euromonitor International has published its findings on Asia Pacific’s 52 percent of global paperless transactions, the highest paperless payment transaction value in 2023.

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Clearly Payments

APRIL 5, 2024

Credit card transactions are a common occurrence in today’s digital world, providing convenience for both customers and businesses. However, one question that often arises for merchants is: “How long does it take to receive funds from credit card transactions?” This process typically takes a few seconds.

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Credit Cards Transactions Processors Cross-Border 72

The Nilson Report

JANUARY 23, 2024

Transact is the place where financial institutions, networks, payments companies, FinTech and technology innovators gather to make the deals that shape the industry.

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Transactions Innovation FinTech Technology 52

Finextra

MARCH 25, 2024

In the rapidly evolving world of global finance, cross-border transactions are undergoing a transfor.

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Cross-Border Transactions Finance 69

Innovative Payments Association

FEBRUARY 8, 2024

The “Dark Web” is where people think most illegal e-commerce transactions happen, but sometimes they are hiding in plain sight on the world wide web. We discuss how bad actors use various ruses to disguise what they are really selling, how transaction laundering threats have evolved, and why it pays to trust your gut.

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Transactions Risk Acquirers Payments 52

Nomentia

APRIL 4, 2024

Intercompany (IC) transactions (or intra-group transactions) are heavily used in the operations of multinational corporations, where financial exchanges between entities within the same corporate group occur frequently. But first, let's have a closer look at what IC transactions actually mean and how they work.

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Transactions Compliance Posting Accounts 59

Payments Dive

APRIL 24, 2023

Explaining three reasons why declined transactions are turning customers on to Buy Now Pay Later services for a friendlier purchasing process.

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Agile Payments

JANUARY 13, 2020

IVR Transactions: Interactive Voice Response for Inbound Customer Payment Transactions. IVR Transactions occur when customers call into an IVR Payment Solution.

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The Paypers

MAY 16, 2024

The Eurosystem has begun a series of trials to assess the application of distributed ledger technology (DLT) for settling wholesale transactions in central bank money.

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Distributed Ledger Technology (DLT) Transactions Central Bank Assessments 36

Finextra

MARCH 14, 2024

Cross-border transactions have long functioned as the driving force for international investment and.

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Cross-Border Transactions Finance 97

The Fintech Times

JANUARY 12, 2024

Recurly is the only company that addresses churn pre and post-transaction, leveraging machine learning and data models trained for over a decade. The post Subscription Industry Faces £102Billion Lost Revenue Due to Bad Transaction Practices appeared first on The Fintech Times.

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Transactions Best Practices Automation Gateways 104

Finextra

APRIL 15, 2024

Lloyds Bank has completed its first transaction using an electronic Bill of Lading (eBL) on the WaveBL trade documentation platform, in a cross-border deal that featured entirely digital exchanges of documentation.

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Transactions Cross-Border 52

Finezza

JANUARY 4, 2024

For instance, the ability […] The post Understanding the Mechanism Behind Automatic Classification of Bank Transactions appeared first on Finezza Blog. Access to superior data plays an important role in this process.

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Transactions Fraud Detection Risk Assessment Underwriting 93

The Fintech Times

APRIL 30, 2024

Open banking’s popularity has skyrocketed as it is making transactions simpler for all parties. By encouraging adoption, merchants will benefit from lower fees for each transaction in comparison to cards.” This is up from $22trillion in 2024. A sure-fire win everywhere?

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Research Transactions Instant Payments Fraud Detection 73

Fintech Finance

MAY 10, 2024

The post Mastercard JV Switches First Domestic Transaction in China appeared first on Fintech Finance. By linking internationally-issued Mastercard cards to Chinese digital wallets, the program gave travelers access to the popular QR code payments while shopping at tens of millions of acceptance locations across the country.

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Visa Transactions Facilitators Rules 52

The Paypers

MAY 14, 2024

IDEMIA Secure Transactions , with the TAP team at Los Angeles Metro has launched the Bamboo TAP Card made from FSC™-certified bamboo.

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Transactions Security 36