PYMNTS

APRIL 9, 2020

Reports have said the move by the payments messaging company positions the firm take on payments giants Visa and Mastercard. ” Reports noted the importance of SWIFT expanding into the SMB payments arena beyond high-value complex corporate transactions. Sila Raises Funding to Nix ACH. The company recently announced $7.7

Fintech 209

Fintech Payments Oregon Cards 209

PYMNTS

OCTOBER 30, 2019

The People’s Bank of China announced that it will certify 11 types of financial technology hardware and software used for digital payment and blockchain services. In other news, the Korea Internet & Security Agency (KISA) announced that it plans to support blockchain-related projects in 2020 with 10.5

blockchain 101

blockchain Bitcoin Security Software 101

PYMNTS

SEPTEMBER 24, 2019

SWIFT and Microsoft have partnered with Bank of New York Mellon (BNY Mellon) to finalize the trial of Cloud Connect, a new payments solution, BNY Mellon announced in a press release on Tuesday (Sept. Cloud Connect hosts SWIFT infrastructure and enables payment transfers via Microsoft Azure. SWIFT announced on Monday (Sept.

Payments 119

Payments New York Security Operations 119

Perficient

JULY 11, 2022

Buy now, pay later (BNPL) is a type of point-of-sale installment loan that partners with retailers to allow consumers to pay for their purchases in multiple equal payments. which is a huge draw to using BNPL as a non-cash payment method. What Are Some Buy Now, Pay Later Companies? Which one is best for me?

Fintech 474

Fintech Trends South Dakota Apple 474

PYMNTS

JULY 11, 2017

The basis of innovation is not the desire to create something new or even the inspiration to do so. Innovation occurs where there is a problem and a person with the tools to solve it. Anyone can have a good idea,” Lowthers said; innovation is about what you do with it. PYMNTS: Where do you look for innovative ideas, and why?

Innovation 101

Innovation social media Security Leadership 101

PYMNTS

JANUARY 27, 2021

Although commercial cards are evolving to gain traction in more B2B payment scenarios — particularly, accounts payable (AP) — new challenges emerge that can slow down the rate of adoption. We believe our partnership with Billtrust will significantly bolster the adoption of electronic payments to suppliers who participate in the BPN.”.

Cards 237

Cards Capital Security Compliance 237

PYMNTS

JUNE 23, 2020

Former Wirecard CEO Markus Braun was arrested Monday night (June 22) in the latest chapter that has rocked the German payment services provider. NEW DATA: How Credit Unions Are Innovating To Help Micro Businesses. Airbnb CEO Sees Potential For 2020 IPO Amid Bookings Rebound. Visa On Its 1 Billion Token Milestone — And What Lies Ahead.

Payments 159

Payments Survey Innovation Fraud 159

Bobsguide

MAY 25, 2022

London — May 16, 2022 — Mindtree , a global technology services and digital transformation company, and Finastra , a leading financial technology provider, today announced a partnership to bring Finastra’s Fusion Payments To Go payments technology to banks in the Nordics, the UK and Ireland, as a managed service.

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Management Payments Innovation Technology 113

PYMNTS

JUNE 23, 2020

New payments infrastructure continues to gain traction with financial service providers looking to modernize their services for business clients. The Clearing House’s RTP finds expansion within the community bank arena, while abroad, the Bank of Thailand is planning its own infrastructure development to accelerate B2B payments.

Fraud 266

Fraud Community Bank Virginia Community 266

Bank Innovation

OCTOBER 24, 2017

Continuing its development of financial technologies on its platform, social media firm Facebook has joined a Visa program that enables the network to access its Token Service for payments, Visa announced today.

social media 236

social media Payments Financial Technology Technology 236

PYMNTS

JANUARY 9, 2019

While financial services (FinServ) innovations often emerge with built-in security measures, new market trends — including faster payments and open banking — are introducing new security threats to corporate treasury departments, according to cybersecurity company BioCatch.

Payments 141

Payments Fraud Security Data 141

PYMNTS

JANUARY 21, 2021

In today’s top payments news around the world, Mynt is reportedly seeking more funding following a $175 million round, while WeTrade Group is seeking to raise roughly $121 million in its transfer from the OTC board to Nasdaq. Securities and Exchange Commission (SEC). Ant-Backed Mynt Seeks More Funding On Heels Of $175 Million Round.

Policies 149

Policies Payments Groups Bitcoin 149

PYMNTS

OCTOBER 4, 2019

These are indeed the days for mergers and acquisitions (M&A) in the world of payments, and that trend looks likely to hold into the 2020s. That raises several questions for financial institutions (FIs), FinTech firms and payment service providers as they figure out how to best navigate this changing world. Recent Trends.

Payments 176

Payments Cards Trends Fintech 176

PYMNTS

OCTOBER 28, 2020

That has created both challenges and opportunities for credit unions (CUs), as payments “are an important part of that lifestyle change,” Dragt noted. And we found that 90 percent of consumers are looking to obtain their financial services from that provider with the payment link,” Dragt added.

Payments 151

Payments Fraud Innovation Tools 151

PYMNTS

NOVEMBER 15, 2018

Contactless payment company Mobeewave announced the closing of a $16.5 This is a major market validation of our payment acceptance platform, and highlights Mobeewave as an industry leader in the FinTech space.”. million Series B funding round, led by NewAlpha Asset Management, Mastercard and Forestay Capital.

Mobile 199

Mobile Fintech Samsung Capital 199

Chris Skinner

MARCH 2, 2017

The background to this was announced in a press release on 1st February 2017: Ripple’s Distributed Financial Technology fits within NBAD’s existing infrastructure and offers a secure end-to-end payment flow providing transaction immutability and payment integrity. The payments system works on sludge.

Payments 150

Payments System Financial Technology Innovation 150

PYMNTS

NOVEMBER 10, 2020

The announcement did not specify the regulations, but it did note that the approach will ensure that the CBDC meets “the same minimum standards we expect of other payment methods.”. Peirce defended the slow pace for many securities regulations, but not when they limit new technologies from being used.

cryptocurrency 167

cryptocurrency Regulation Bitcoin Colorado 167

PYMNTS

NOVEMBER 21, 2018

With FinTech driving innovation and competition in the cross-border payments space, governments can no longer afford to ignore changing and heightening demands for greater speed, transparency and efficiency in global transactions. times global GDP in 2016.

Payments 123

Payments Innovation National System 123

PYMNTS

FEBRUARY 29, 2016

Just because businesses are interested and willing to adopt payments innovations doesn’t mean it’s going to happen. Other key players in the adoption curve include government entities and financial institutions, says Bottomline Technologies Managing Director of Digital Banking Norm DeLuca. Value Propositions.

Innovation 100

Innovation Fintech Tools Technology 100

PYMNTS

SEPTEMBER 27, 2019

Today in the payments news roundup, the U.S. House Committee on Financial Services Task Force on Financial Technology held a hearing to talk about the FedNow development and its U.S. payments ecosystem implications. Congress Presses Fed On Real-Time Payments Plan . payments ecosystem implications.

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Data North Carolina Kansas City Payments 122

PYMNTS

AUGUST 12, 2020

Mastercard is expanding its Accelerate financial technology (FinTech) portfolio and is adding 11 companies to its Start Path startup engagement program, according to a Wednesday (Aug. Mastercard is thrilled to partner with some of the world’s most innovative startups to transform the future of commerce.”. 12) announcement.

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Fintech Innovation cryptocurrency blockchain 163

PYMNTS

SEPTEMBER 27, 2019

The Federal Reserve’s buildup to faster payments innovation came to a head in August when it announced FedNow , its proposed real-time payments infrastructure under the draft Payments Modernization Act of 2019. House Committee on Financial Services Task Force on Financial Technology held a hearing Thursday (Sept.

Payments 174

Payments Kansas City Community Bank Community 174

Bank Innovation

SEPTEMBER 12, 2017

Finovate kicked off its 2017 Fall conference with demos from about 40 financial technology companies on its first day yesterday in New York.

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Analytics New York Conference Data 252

PYMNTS

DECEMBER 18, 2020

Since there’s no way back, the payments industry is now cutting new pathways. financial executives found that 91 percent were investing in financial technologies intended to help with newly remote operations. Additionally, duplicate payments are just as serious and will impact the buyer’s cash flow. “An

Payments 160

Payments Cards Report Tools 160

PYMNTS

JUNE 9, 2019

Reuters reported Lagarde said that technology companies’ use of big data and AI i ncreases big tech companies’ dominance in the mobile payments market, which could result in policymakers around the world rethinking how they regulate the banking system and how they ensure financial settlements are made safely and securely. “A

Industry 190

Industry Big Data Fintech Taxes 190

PYMNTS

MAY 3, 2019

Small businesses (SMBs) are rarely early adopters of new financial technology (FinTech). However, with business owners and entrepreneurs often taking a page out of their personal lives as consumers, the eventual adoption of emerging solutions is an inevitable part of FinTech innovation.

Payments 151

Payments Fintech Customer Experience Technology 151

CB Insights

MAY 15, 2019

With recent advances in blockchain, cryptocurrency, contactless payments, and more, finance is primed for disruption. As fintech plays a larger role in the financial ecosystem, companies are looking for ways to use tech to solve problems and find new opportunities in the space. One popular approach: in-house financial innovation labs.

Innovation 78

Innovation blockchain Technology Groups 78

PYMNTS

DECEMBER 10, 2019

Customers can make payments using Android smartphones. The Interac Debit payment system links cards to both checking and savings accounts and has been used by Canadians for 20-plus years. The seven CUs are Access, Affinity, Assiniboine, Innovation, Prospera, Servus and Steinbach.

Google 131

Google Cards Regional System 131

PYMNTS

JULY 6, 2020

Paytm, the eCommerce payment system and financial technology company based in India, has announced plans to purchase Raheja QBE General Insurance Co. The purchase price was not disclosed. Paytm said it is in the process of acquiring a 100 percent stake in the company.

Financial Technology 181

Financial Technology Strategy Groups Innovation 181

Chris Skinner

MAY 12, 2017

He is the Chair of the European networking forum: the Financial Services Club and sits on the advisory boards of numerous companies including Innovate Finance, Moven, and Meniga. Chris has been voted one of the most influential people in banking by The Financial Brand. We are seeing big changes to encourage innovation.

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Regulation Capital Fintech Innovation 255

PYMNTS

AUGUST 4, 2020

Grab Financial Group (GFG), a Southeast Asia financial technology (FinTech) and ridesharing company, is expanding its reach with the announcement on Tuesday (Aug. Users can also access consumer loans from the bank’s partners as well as a zero-interest, buy now pay later ( BNPL ) payment option for select eCommerce websites.

Strategy 137

Strategy Management Groups Innovation 137

PYMNTS

AUGUST 3, 2018

Getting bogged down in a maze or taking unnecessary risks — the current climate for FinTech in the United States often leaves players with only those two stark choices, according to Bruce Parker, founder and CEO of Modo , which describes itself as a “cloud-based utility” that enables payment system interoperability. Re-examining Tradeoffs.

Fintech 115

Fintech United States Regulation Innovation 115

PYMNTS

JUNE 27, 2019

That has been the experience at CO-OP Financial Services , President and CEO Todd Clark told Karen Webster in a recent conversation. The platform has been a long time in the making, Clark said, and it is only in the last two years that the “rubber is hitting the road” in terms of delivering a true payments ecosystem.

Payments 100

Payments ATM Lending United States 100

PYMNTS

JULY 30, 2020

The Salt Lake City payment processing platform has joined with Plaid, a Visa subsidiary based in San Francisco, that builds financial technology platforms to connect bank accounts and initiate automated clearing house (ACH) transfers. Plaid is connected to more than 11,000 financial institutions.

San Francisco 159

San Francisco User Experience Cards Customer Experience 159

Bank Innovation

SEPTEMBER 14, 2016

Financial technology may be evolving at a rapid pace, but well, so is financial crime — meaning that the security of online and mobile payments is a constantly developing area and nowhere more so than biometrics.

Financial Technology 150

Financial Technology Mobile Security Online 150

PYMNTS

JANUARY 3, 2020

It’s the end of the first workweek of the decade, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have a deep dive into faster payments for education, seven 2020 trendlines when it comes to the connected economy and news on Samsung’s Neon “ artificial human. ”.

Payments 108

Payments Samsung America Trends 108

Banking 2020

DECEMBER 3, 2015

Financial services organisations in China are expected to shine a light for the rest of the world when it comes to innovation in the banking sector in the coming years, with the primary drivers being non-traditional companies that are looking to develop new payment solutions and platforms. At the turn of the millennium, just 1.8

Innovation 40

Innovation Payments Lending Financial Technology 40