5 questions with … J.P. Morgan Payments’ Lia Cao
Lia Cao, global head of embedded finance and solutions at J.P. Morgan Payments, is focused on meeting consumers where they want to be met through integrated banking services. “Consumer demand is...
View ArticleBNY Mellon adds PayPal, Venmo to automated routing solution
BNY Mellon’s automated smart routing solution decides which payments rail to send transactions through behind the scenes, without burdening clients with the decision. “We don’t want our clients to...
View ArticlePayments tech a focus for 61% of merchants
AMSTERDAM — Consumers are more likely to interact with a business with a frictionless payment experience in place. Sixty-one percent of merchants say payments is a high area of focus, according to...
View ArticleBarclays payments leader to speak at Bank Automation Summit Europe 2024
Ross Jones, global head of corporate payments at Barclays, will speak at Bank Automation Summit Europe 2024 about the instant payments landscape in the European Union. The summit takes place Oct. 7-8...
View ArticleApple launches Tap to Cash, BNPL
Apple has announced new features for Apple Wallet and Apple Pay. “We’re adding two new ways to pay with Apple Pay online, giving customers around the world the ability to redeem rewards and access...
View ArticleTransactions: Mastercard and Temenos team up for global payments
Technology provider Temenos will integrate Mastercard’s Mastercard Move solution to provide banks with international money transfer capabilities. Mastercard Move will enable Temenos’ bank clients to...
View ArticleJudge likely to reject $30B Visa, Mastercard fee deal
A $30 billion settlement between Visa Inc., Mastercard Inc. and retailers to cap credit-card swipe fees is likely to be rejected by a federal judge in Brooklyn, a setback in the two decade-long...
View Article3 ways Swift is deploying tech for payments
International payments network Swift is deploying technology to make its payments faster, safer and more efficient. Swift is investing in technology because as “more and more [payments] become instant...
View ArticleCiti launches real-time funding solution to keep up with RTP adoption
Citi added to its treasury product portfolio this week with the launch of Citi Real-Time Funding to help business clients keep up with liquidity needs in an automated fashion. “Our clients’...
View ArticleBanks may add friction to instant payments to combat fraud
The financial services industry has worked for years to create frictionless payments. Now it may be necessary to add friction back into the mix to combat fraud. “Instant payments actually has a lot...
View ArticleFIs can tap ISO20022 data for AI-driven insights
Financial institutions can look to ISO 20022 standard for payments data to identify patterns in payments and transactions to more easily flag fraud, Jenny Winther, head of payment schemes at...
View ArticleInside look: Payments-as-a-service
Payments go beyond the transfer of money, and financial institutions can customize each step of the process through vendor selection. “In the whole journey of a payment, a payment is not just...
View ArticleFedNow looking to drive payments volume
Demand for real-time payments continues to grow globally, and the launch of the Federal Reserve’s real-time payments rail, FedNow, one year ago, offers another avenue to send and receive funds...
View ArticleFIs adopting RTP mainly as ‘receive-only’
Adoption of the Federal Reserve’s instant payments platform, FedNow, is growing, however, of the more than 800 financial institutions using it, most are doing so in receive-only mode. Eighty-six...
View ArticleBank of England warns CHAPS payment system experiencing delays
The Bank of England warned that its CHAPS service — one of the largest high-value payment systems in the world — has been affected by a global payments issue, causing some large, time-sensitive...
View ArticleCFPB proposes earned wage access rule
The Consumer Financial Protection Bureau proposed an interpretive rule affecting earned wage products, or paycheck advance products, ensuring that employees are aware of costs and fees for these...
View ArticleTransactions: Visa, Temenos team up for global payments
Financial technology provider Temenos will integrate money movement solution Visa Direct to its platform to provide banks with international money transfer capabilities. Visa Direct will allow...
View ArticleNatWest invests in tech
NatWest is interested in investing in technologies that it may have use for, such as payments solutions provider Icon Solutions. “That’s how the conversation started around [NatWest’s] investment,”...
View ArticleFintech Funding: Startup funding jumps 11% YoY
Fintech funding saw a rebound in the second quarter as global funding increased to $8.9 billion, up 11% year over year. The U.S. saw the most fintech funding during the quarter at $4.8 billion across...
View ArticlePayPal focuses on omnichannel capabilities for long-term growth
PayPal is investing in its platforms and capabilities to keep up with consumer demand for digital payments. “Today, we operate in a massive, $6 trillion plus, global e-commerce market that benefits...
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