Payments Dive

OCTOBER 21, 2022

The major payments processor agreed to sell an IT business unit and a Costa Rica division to Infinite Computer Solutions. They also entered a multiyear pact for the buyer to keep providing services.

Operations 305

Operations Payments 305

Payments Dive

DECEMBER 4, 2023

Leaders are confronting growing challenges across their payment operations.

Payments 396

Payments Fintech Operations 396

Payments Dive

MAY 30, 2023

The modern card-issuing company is closing its outpost in Australia as part of its cost-cutting campaign.

Operations 356

Operations Cards Company 356

Payments Dive

MAY 1, 2020

Major banks are reviewing plans to relaunch branch operations after the peak of the COVID-19 pandemic in the U.S., but executives and experts say some key changes in bank operations will likely continue going forward.

Operations 397

Operations 397

PYMNTS

DECEMBER 10, 2020

This month’s Deep Dive examines how mobile and contactless payment options are poised to reshape the corporate payments ecosystem as well as how virtual cards can help businesses adapt their operations to the digital-first payments ecosystem that has emerged. . Reshaping Business Payments . Much of the U.S.

Operations 192

Operations Payments Cards Mobile 192

PYMNTS

JANUARY 18, 2019

JPMorgan Chase is planning the consolidation its corporate payment operations by combining small business (SMB) and large enterprise solutions, the Financial Times ( FT ) reported on Thursday (Jan. The combined entity will be called the Wholesale Payments unit.

Operations 151

Operations Payments Community Bank Cards 151

Payments Dive

JUNE 30, 2020

Wirecard North America officials said the company was looking for a new owner as the multi-billion accounting scandal at the German-based payments firm reverberated across the globe. UK regulators reached agreement to let operations resume there.

America 286

America Operations Marketing Regulation 286

Payments Dive

APRIL 20, 2022

From QR codes to advanced mobile apps and robots, restaurants are planning to adopt more technology within their operations — including payments — in the year ahead.

Payments 439

Payments Mobile Operations Technology 439

PYMNTS

DECEMBER 17, 2020

To roll out an alternative international money transfer offering called Co-opRemit, the Co-operative Bank of Kenya has teamed with international payment provider Thunes , according to an announcement. “We Co-operative Bank of Kenya works with 8.8 In September, Thunes announced that it had landed $60 million in Series B funding.

Operations 191

Operations America Payments National 191

Payments Dive

MARCH 7, 2022

The payments giants all separately cut off use of their services in Russia, citing that country's invasion of Ukraine. "This war and the ongoing threat to peace and stability demand we respond in line with our values," Visa CEO Al Kelly said in a Saturday statement.

Operations 259

Operations Payments 259

Payments Dive

MAY 1, 2023

CEO Jeff Sloan will step down June 1 and be replaced by the payment processor’s president and chief operating officer, Cameron Bready.

Payments 243

Payments Operations 243

PYMNTS

AUGUST 21, 2020

As Wirecard AG’s global operations close following its bankruptcy filing, the German payment company has agreed to sell what’s left, the Financial Times reported. In addition, he noted that the sale of some of the company’s operations in Britain and North America could be announced soon. billion euros ($2.1

Operations 222

Operations America Cards Compliance 222

Accenture

NOVEMBER 16, 2020

Inside that complexity lie some operational hurdles for payments players—but also tremendous opportunities. The post Why ISO 20022 is a seismic shift for payments appeared first on Accenture Banking Blog. There’s no two ways about it: ISO 20022 is a complex new standard for financial services firms of every description.

Payments 545

Payments Operations 545

PYMNTS

JANUARY 8, 2020

The post did not say when Amex would start operations in the country. In November of 2018, Amex got approval to clear card payments by the PBOC , making it the first company of its kind to get access to what will become the largest card network this year. Lianlian counts PayPal and Apple among its strategic partners.

Operations 187

Operations social media Cards Apple 187

The Paypers

DECEMBER 7, 2023

Cyprus-based BridgerPay has launched its omnichannel payment operations platform to provide flexible and simplified business payment processes.

Operations 45

Operations Payments 45

PYMNTS

JANUARY 8, 2021

Whether it was helping small businesses get their PPP payments or convert to eCommerce, getting cash in the hands of workers delivering food, or accommodating digitized mortgage closing and escrow activity, the coronavirus has foisted a lot of change on the financial services industry in a short amount of time. “A So Much More Than Payments.

Operations 349

Operations Payments Industry Management 349

PYMNTS

JANUARY 24, 2021

The paper cited positive data from a large swath of UK tour operators. Bus operator National Express reported a 185 percent increase in bookings for spring and summer trips compared with bookings made during the same period in 2020.

Operations 260

Operations Groups Lending National 260

Payments Dive

JANUARY 24, 2023

The wallet, which is expected to launch in the second half of the year, aims to compete with PayPal and Apple, sources told The Wall Street Journal. But serious competition may take a while, an analyst said.

Operations 370

Operations Report Apple 370

PYMNTS

OCTOBER 30, 2020

It cannot be overstated how integral non-cash payments are to the global economy, with the United States processing more than 174.2 billion of these payments in 2018 alone for a total of $97.04 Cash payments are quickly falling to the wayside, with only 26 percent of all U.S. Digital payments are fraught with obstacles, however.

Operations 228

Operations Payments Compliance System 228

Perficient

FEBRUARY 27, 2023

The payments industry is no different, and we’re quickly approaching a new intersection point due to the Real-time Payments’ movement into the US. These days, as the US prepares to embrace real-time payments in 2023, the intersection of real-time payments and automation has become a key point of discussion.

North Carolina 275

North Carolina Charlotte Payments US 275

Payments Dive

MAY 24, 2022

Klarna, a major buy now-pay later player and Europe's highest value fintech, has "re-evaluated" its business and made "really tough decisions" that include cutting 10% of its workforce, the CEO said.

Operations 221

Operations Fintech 221

PYMNTS

OCTOBER 28, 2020

In the November edition of the Payments Orchestration Playbook , PYMNTS examines how payments orchestration is emerging as an effective way to help bring firms up to speed as they find their digital operations wanting. Across The Payments Orchestration Ecosystem. Deep Dive: Using Payments Orchestration To Enhance ROI.

Payments 257

Payments Report Operations United States 257

Perficient

FEBRUARY 2, 2023

Here are some of the biggest payment trends we’re forecasting for the new year. Security/Biometric Payments With the widespread popularity of digital payments continuing to grow, security remains at the forefront of concern for payment companies and their vendor partners.

Industry 471

Industry Trends social media Payments 471

PYMNTS

SEPTEMBER 29, 2020

New payment rails are once again in the spotlight as real-time payments and cryptocurrency emerge as the top focuses for innovators. In this week’s look at payment rails innovation, the European Union begins paving the way for greater crypto adoption, while Mastercard expands its own crypto accelerator initiative.

Innovation 323

Innovation Payments cryptocurrency blockchain 323

Payments Dive

OCTOBER 13, 2022

“Not all payment platform companies are managing operational and security as judiciously as they could, and that will eventually result in costly payment failures, customer friction, or potentially a breach,” writes PayNearMe Vice President Tim Murphy.

Payments 221

Payments Security Operations Management 221

PYMNTS

MARCH 1, 2018

The Bank of England’s chief operating officer is joining the U.K.’s s New Payment System Operator (NPSO). Payments Administration’s current Deputy CEO, Jenny Crawford, is joining the NPSO as its chief people officer. Payments Administration (UKPA) to provide support to payment system operators.

Operations 100

Operations System Payments Regulation 100

Chris Skinner

JANUARY 16, 2020

Just before Christmas I heard of a new European payments initiative called PEPSI, short for Pan European Payment System Initiative. Nice acronym although I prefer Coca-Cola, the Co-ordinated Car Co-operative Association. Or something like that. Anyways, whichever Cola you prefer, this new initiative is interesting.

Payments 327

Payments Maine System Operations 327

BankInovation

APRIL 12, 2024

JPMorgan Chase is investing in innovation and technology within its wholesale payments operations amid rising demand for global payments capabilities. trillion bank is leaning into payment systems, Chief Financial Officer Jeremy Barnum said today during the bank’s first-quarter earnings call.

Payments 117

Payments Innovation US System 117

Payments Dive

OCTOBER 18, 2016

See why many entrepreneurs are operating turnkey payment businesses without the need for a bank license. Initiating a financial institution offers many challenges.

Operations 150

Operations Payments 150

PYMNTS

JULY 27, 2020

Cross-border trade and payments have gotten far easier in recent years, and that’s a beautiful thing for recovering companies seeking new territories and customers. Noting that some countries are able to operate more normally now than the U.S., The world economy won’t wait for the U.S. to recover.”. to recover.

Operations 183

Operations Fraud Payments How To 183

PYMNTS

SEPTEMBER 19, 2017

The adage holds true in payments, especially, and manual processes are to blame. That’s when operational streamlining through financial technology becomes key. Do this day in and day out, and you create operational inefficiencies that may eventually cripple a company. B2B Payments Via Banking Providers Are Slow And Expensive.

Operations 116

Operations Payments Industry System 116

ATM Marketplace

MAY 30, 2023

We’ve created this guide to look at the key trends and issues facing testing operations in the financial services industry in 2023 and will impact your people and your organization. 2023 is shaping up to be another year of uncertainty. There is no “new normal”, only more change.

Trends 70

Trends Operations Payments Industry 70

PYMNTS

NOVEMBER 1, 2020

Nikita Melnikovs , member of the board at card payments technology company DECTA , said the rampant shift into digital commerce has led to some companies making mistakes like spending too much money on website development.

Operations 247

Operations Meeting Online Innovation 247

PYMNTS

JANUARY 21, 2021

United Airlines reported that Q4 2020 operating revenue plunged by 69 percent from Q4 2019 as the pandemic continued to challenge the aviation industry. The firm also reported $23 million of Q4 2020 daily cash burn in addition to $10 million of average debt principal payments and severance payments daily. loss per share on $3.44

Operations 140

Operations United States US Course 140

South State Correspondent

AUGUST 25, 2016

Operational risk gets the short shrift in banking. Credit and interest rate risk are the big men and woman on campus (just to throw in a back to school metaphor) while operational risk is usually relegated to the shallow end of the pool. Take payment risk for example.

Operations 150

Operations Examples Payments 150

PYMNTS

NOVEMBER 12, 2020

Payments Canada is teaming up with Mastercard’s Vocalink for clearing and settlement for the country’s new real-time payments system, the Real-Time Rail (RTR). Delegated by the Canadian Government, Payments Canada is responsible for the clearing and settlement infrastructure, processes and rules.

Payments 345

Payments Innovation Risk Management System 345

PYMNTS

JULY 19, 2019

Online payment system Jollypay has received a license to operate in the United Arab Emirates (UAE), and it’s one of the first foreign companies to do so, according to a release. . Jollypay is the payment arm of Jollychic, a shopping platform.

Operations 139

Operations ATM System Cards 139