September 16, 2022
Via: FinTech FuturesModern Treasury’s flagship Payment Operations platform will provide mutual clients with an integrated money movement solution, with payments powered by TxB. “Modern money movement is software driven,” comments Dimitri Dadiomov, Modern Treasury CEO and co-founder. “Goldman Sachs understands software developers.” […]
August 22, 2022
Via: FinTech FuturesWith our research finding that 20% of UK consumers reported the pandemic changed the way they think about paying for products and services, it’s no wonder that open banking is taking centre stage. Open banking is accelerating innovation within the […]
Activity, Corporate Banking, Investment Banking
August 4, 2022
Via: FinTech FuturesThe new debt commitment follows Tabby’s $54 million Series B extension in March this year. Tabby says the investment “fortifies” its balance sheet and supports its sustained growth in transaction volumes and product expansion. It adds that it will continue […]
May 24, 2022
Via: Bank DirectorThe four decades after the internet made information readily accessible has led to inventions and innovations like smart devices, mobile apps and the ability to be constantly connected. Today, companies are focusing on harnessing technology to build smoother, richer and […]
April 12, 2022
Via: American BankerUp to one out of every 50 ACH transfers fail, an issue that Mastercard contends can be addressed through a mix of new data-sharing techniques and machine learning. “With ACH payments there’s a latency in how they are processed; it […]
February 14, 2022
Via: Bank DirectorFollowing a number of rollouts and innovations, 2022 could finally be the year where the speed of digital payments equals their convenience. A number of developments, combined with the coronavirus pandemic and changing consumer habits, could hasten changes to the […]
January 14, 2022
Via: FinTech FuturesDeveloped by Worldline, IP CSM fully complies with international standards and ISO 20022, the developer says. As a result of this collaborative initiative, all interbank payments in and between Curaçao and Sint Maarten and in Bonaire will now be processed […]
Activity, Channels, Retail Banking
January 3, 2022
Via: FinTech FuturesDuring the pandemic—when brick-and-mortars shut their doors and consumers flocked to the internet and their mobile devices for basic services—the digitisation of commerce and specifically the payments industry went into overdrive, making a half-decade of progress in a year’s time. […]
Capital and Risk, Channels, Operational
December 27, 2021
Via: TechBullionBusiness owners know that data entry errors can lead to a lot of wasted time and money. But they also may not realize the extent to which those errors could be avoided by taking small precautions. For example, if you’re […]
December 15, 2021
Via: FinTech FuturesWhen it comes to payments, a sea-change is underway in the US, where a series of updates to existing payment rails, as well as the introduction of new, real-time solutions and overlay services, looks set to revolutionise payments as we […]
December 8, 2021
Via: Payments DiveThe Consumer Financial Protection Bureau (CFPB) needs to protect consumers from big technology companies eager to make inroads in the payments processing business, according to comments filed this week with the agency by two bank industry trade groups. The American […]
November 30, 2021
Via: FinTech FuturesThe deal was undertaken on behalf of Tinkoff Business, the branch of Tinkoff Group that services SMEs and large businesses. Jump.Finance will be integrated into the Tinkoff Business ecosystem and retain its current team, including co-founders Mikhail Kirichenko and Anton […]
November 29, 2021
Via: Banking TechnologyThe takeover is intended to support the delivery of bill pay solutions and other real-time payment applications across Latin America. Arcus was launched in 2013 and its platform enables businesses to launch and offer payment solutions. Users include BBVA, Santander, […]
October 7, 2021
Via: FinTech FuturesMonai, which is still in the waiting list stage, says users can use time spent playing mobile games to earn interest on savings they deposit in the app. The firm also promises to offer a savings advisor, which will provide […]
September 24, 2021
Via: Bank DirectorThe Covid-19 pandemic spotlighted contactless payments. To stay competitive with the future of payments, community banks must offer multifaceted options, like virtual cards, P2P payments and digital wallets. But building a digital and contactless payments strategy goes beyond just offering […]
Activity, Capital and Risk, Corporate Banking, Operational
September 14, 2021
Via: FinTech FuturesThe company says that CipherTrace’s security and fraud detection capabilities provide “additional transparency and support” for the digital asset ecosystem. Mastercard plans to integrate the start-up’s suite of crypto intelligence solutions with its own cybersecurity offerings. It says this will […]
August 27, 2021
Via: FinTech FuturesThe new offering, which starts rolling out this week, will give users a choice of four cryptocurrencies — Bitcoin, Ethereum, Litecoin and Bitcoin Cash. Real-time crypto prices and content to learn about the opportunities and risks involved will also be […]
June 22, 2021
Via: Payments DiveBrookfield, Wisconsin-based Fiserv has been building up its Clover business ever since it acquired the business as part of its 2019 purchase of First Data. That combination enlarged Fiserv, making it the fifth-largest U.S. merchant payment acquirer last year, based […]
Activity, Channels, Retail Banking
June 3, 2021
Via: Banking TechnologyPreviously eBay charged a flat 10% of the sale price, including postage, with PayPal taking a cut of 2.9% of the final amount, including postage, plus a small sum for each transaction. As of 1 June, eBay is charging a […]
May 25, 2021
Via: FinTech FuturesThe company says the money will be invested “in new market opportunities”. DailyPay was founded in 2016. Its HQ is in New York and the operations are in Minneapolis. It says it’s on “a mission to build a new financial […]