Top

Tag: payments


Channels

How open banking payments will help businesses keep up

August 22, 2022

Via: FinTech Futures

With 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

Dubai BNPL firm Tabby secures $150m debt financing

August 4, 2022

Via: FinTech Futures

The 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 […]


Channels

Why Embedded Finance Is the Next Area of Digital Revolution

May 24, 2022

Via: Bank Director

The 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 […]


Channels

Mastercard using AI, open banking to manage faster payments risk

April 12, 2022

Via: American Banker

Up 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 […]


Channels

What’s New in Payments?

February 14, 2022

Via: Bank Director

Following 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 […]


Channels

Instant payments come to Curaçao and Sint Maarten

January 14, 2022

Via: FinTech Futures

Developed 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

The year ahead: Enhanced digitisation and the evolution of payments

January 3, 2022

Via: FinTech Futures

During 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

Accepting Payments? Here’s How To Avoid Internal Data Conflicts

December 27, 2021

Via: TechBullion

Business 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 […]


Activity, Corporate Banking

The development of real-time payments in the US

December 15, 2021

Via: FinTech Futures

When 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 […]


Channels

Bank groups spell out payments industry concerns

December 8, 2021

Via: Payments Dive

The 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 […]


Activity, Corporate Banking

Tinkoff adds to business ecosystem with Jump.Finance

November 30, 2021

Via: FinTech Futures

The 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 […]


Activity, Corporate Banking

Mastercard acquires Latin American Start Path protégé Arcus

November 29, 2021

Via: Banking Technology

The 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, […]


Activity, Retail Banking

New US fintech Monai to gamify savings for Millennials and Gen Z

October 7, 2021

Via: FinTech Futures

Monai, 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 […]


News

Three Steps to Building a Post-Pandemic Payments Strategy

September 24, 2021

Via: Bank Director

The 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

Mastercard acquires blockchain security start-up CipherTrace

September 14, 2021

Via: FinTech Futures

The 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 […]


Activity, Retail Banking

PayPal launches UK crypto service

August 27, 2021

Via: FinTech Futures

The 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 […]


Activity, Corporate Banking

Fiserv, Deutsche Bank team up in German market

June 22, 2021

Via: Payments Dive

Brookfield, 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

eBay split from PayPal for paying sellers comes into effect

June 3, 2021

Via: Banking Technology

Previously 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 […]


Activity, Investment Banking

DailyPay raises $500 million of capital “to transform the financial system”

May 25, 2021

Via: FinTech Futures

The 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 […]


Channels

PayPal to avoid Chinese competition with new cross-border wallet

April 22, 2021

Via: FinTech Futures

Hannah Qiu, CEO in China for PayPal, told the publication her firm is avoiding competition from local players Alipay and WeChat Pay by looking abroad. PayPal has a history of success in China, especially when it comes to breaking into […]