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News and resources on payments systems, innovations and initiatives worldwide.

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Latest news

PSR sets out next steps for variable recurring payments in the UK

PSR sets out next steps for variable recurring payments in the UK

Stablecoin-to-fiat money transfer app Sling Money raises $15

Stablecoin-to-fiat money transfer app Sling Money raises $15

Klarna takes on banks with new 'account' for storing funds

Klarna takes on banks with new 'account' for storing funds

4

Science Card opens e-money account for socially-conscious spending

Science Card opens e-money account for socially-conscious spending

Apple to open up NFC payments access to third parties

Apple to open up NFC payments access to third parties

4

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Community

Sergiy Fitsak

Sergiy Fitsak Managing Director, Fintech Expert at Softjourn

One Year Since the FedNow Launch: What You Should Know

Abhinav Paliwal

Abhinav Paliwal CEO at PayNet Systems- A Neo Banking Software Platform

What Are Digital Wallets? Exploring Their Rising Popularity

Donica Venter

Donica Venter Marketing coordinator at Traderoot

Why Bankers Need to Think Like Entrepreneurs

Dmytro Spilka

Dmytro Spilka Director and Founder at Solvid, Coinprompter

Can The Payments Industry Use AI To Detect Fraud In 2024?

All /payments opinions
[Impact Study] Payment Fraud in 2024: Who is Liable?Finextra Promoted[Impact Study] Payment Fraud in 2024: Who is Liable?
/payments

Company updates

All /payments company updates

Diebold Nixdorf first to support Windows 11 at the ATM

Mastercard collaborates with fintech startup Scale across Africa and Middle East

Finzly combines FX payment platform with Corpay's real-time FX rates

FIS to utilise Neural Payments platform

BNPL firm Zip integrates with Stripe for US merchants

/payments

More news

DBS tokenizes treasury management for Ant International

DBS tokenizes treasury management for Ant International

4

Russia cancels AmEx subsidiary's banking licence

Russia cancels AmEx subsidiary's banking licence

1

Monzo outage hits customer payments

Monzo outage hits customer payments

2

Wise targets huge Indian remittance market

Wise targets huge Indian remittance market

2

Amazon and Barclays launch co-branded credit card

Amazon and Barclays launch co-branded credit card

5

Payoneer buys payroll firm Skuad

Payoneer buys payroll firm Skuad

All /payments news
/payments

Trending

Amazon and Barclays launch co-branded credit card

Wise targets huge Indian remittance market

Monzo outage hits customer payments

Apple to open up NFC payments access to third parties

Klarna takes on banks with new 'account' for storing funds

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Expert opinions

Sergiy Fitsak

Sergiy Fitsak Managing Director, Fintech Expert at Softjourn

One Year Since the FedNow Launch: What You Should Know

Launched in July 2023, the Federal Reserve's FedNow service has been a game-changer in the U.S. payments landscape. As we mark its first year, it’s crucial to understand its impact on financial transactions, especially within the fintech sector. With over 900 financial institutions onboarded, including major players like Chase and Wells Fargo, FedN...

/payments /retail Banking Strategy, Digital and Transformation

Abhinav Paliwal

Abhinav Paliwal CEO at PayNet Systems- A Neo Banking Software Platform

What Are Digital Wallets? Exploring Their Rising Popularity

Internet services or electronic devices that enable online transactions are known as electronic wallets or e-wallets. Because these payments may be made using a computer or smartphone, they offer a useful replacement for traditional payment methods. Digital wallets are only as good as their software, encryption, and authorization processes. These ...

/payments /markets Fintech World

Donica Venter

Donica Venter Marketing coordinator at Traderoot

Why Bankers Need to Think Like Entrepreneurs

Fintech has revolutionized the banking and payments sectors, significantly contributing to economic growth across many countries. By leveraging the internet and user-friendly smartphones, fintech firms have made financial services more accessible, delivering them directly to consumers with just a tap of a button. However, while fintech companies a...

/payments /retail Banking

Dmytro Spilka

Dmytro Spilka Director and Founder at Solvid, Coinprompter

Can The Payments Industry Use AI To Detect Fraud In 2024?

Research predicted that hacks and data breaches will cost the global economy over $9.5 trillion by the end of 2024. This comes as fraud attempts and phishing attacks are increasing and getting more sophisticated, mainly due to the increase in online transactions. The payment industry facilitates the exchange of money for goods and services and i...

/payments

Sean Forward

Sean Forward UK CEO at payabl.

Is slow and steady enough for Open Banking?

Open Banking users just hit 10 million in the UK. Despite a slow start, adoption is steadily increasing, showing a reasonable rise in both users and transactions. But given its much-anticipated potential, shouldn’t we expect more? The cost-effective payment rails help balance out rising costs, and access to data to boost the consumer experience – ...

/payments

All community in /payments
/payments

Trending

Sergiy Fitsak

Sergiy Fitsak Managing Director, Fintech Expert at Softjourn

One Year Since the FedNow Launch: What You Should Know

Nicholas Holt

Nicholas Holt Head of Solutions and Delivery, Europe at Marqeta

A Whole New World of Embedded Finance

Abhinav Paliwal

Abhinav Paliwal CEO at PayNet Systems- A Neo Banking Software Platform

What Are Digital Wallets? Exploring Their Rising Popularity

Donica Venter

Donica Venter Marketing coordinator at Traderoot

Why Bankers Need to Think Like Entrepreneurs

Dmytro Spilka

Dmytro Spilka Director and Founder at Solvid, Coinprompter

Can The Payments Industry Use AI To Detect Fraud In 2024?

/payments

Research

APIs, Automation, and AI

White Paper

APIs, Automation, and AI

An Arsenal to Defend Against Card Transaction Fraud Fraudsters are no longer individuals who are looking to infiltrate gaps or weaknesses in how our businesses are set up. They are expert technologists and strategists that steal customer data, take over accounts and break into tough security measures. Between 2023 and 2027, merchants are expected to lose a total of $343 billion to online payment fraud, driving home the point that the time is now for technology to be leveraged to reduce card transaction fraud, which is growing in numbers and complexity. APIs, automation, and AI are all integral to an effective fraud mitigation strategy in 2024. This Finextra whitepaper, produced in association with Mastercard, discusses how these technologies – if used in the right way – can support financial institutions evolve to emerging threats with increased speed and accuracy.

84 downloads

Payment Fraud in 2024: Who is Liable?

Impact Study

Payment Fraud in 2024: Who is Liable?

Fraud is a billion-dollar business in the Instant Payments era. Statistics show that ecommerce fraud is predicted to exceed $48 billion globally by the end of 2023 alone and could exceed $362 billion between 2023 and 2028.  In 2024, banks will not only contend with the changing liability landscape, but the upcoming adoption of ISO 20022 as well. Both represent a historical shift in the financial services industry. To prepare for a higher degree of liability in a data-rich environment, banks need to address the holistic landscape of fraud mitigation.  This Finextra impact study, produced in association with NICE Actimize, addresses the changing liability landscape and what banks need to do to prepare for regulatory changes and increased fraud protection.  We cover:  Shifting liability and the impact of new PSR regulation  ISO 20022’s impact on the financial industry  Financial industry priorities in 2024  And more. 

490 downloads

Payments Modernisation: The Big Survey 2024

Survey

Payments Modernisation: The Big Survey 2024

Welcome to the fourth edition of The Big Survey. Our annual report, surveying 350 senior bankers across the globe, offers a unique vantage point on the ever-evolving landscape of payments modernisation. Over the years, we’ve uncovered fresh developments and enduring challenges alike, painting a detailed picture of the industry’s trajectory. As we navigate 2024, the financial services sector is in the midst of profound transformation. Our latest insights highlight the critical need to modernise payment systems swiftly and effectively, driven by rising customer expectations and stringent regulatory demands.  Download our 2024 survey to learn about:  The current state of capabilities  Why payments architecture is more flexible than ever before  Financial institutions’ budgets and spending priorities  The global drive towards real-time and cross-border  And much more. 

842 downloads

All /payments research
/payments

FinextraTV

How the Commercial Payments Market is Evolving

How the Commercial Payments Market is Evolving

At EBAday 2024, Wim Grosemans, Global Head of Product Management Payments and Receivables, BNP Paribas, sets the scene around how the commercial payments market is evolving. From an infrastructure perspective, the interview details how banks should make important moves to implement instant payments, ISO 20022 and cross border payments as regulation dictates, so there is a lot to do on the plumbing within a financial institution for tomorrow's payments. A staggering amount of digitisation is also incoming, which will result in digital payments soaring and with this, an ecommerce boom for B2C customers and B2B customers.

2024 Payments Trends and Adding Value

2024 Payments Trends and Adding Value

Why Traditional AI should be used alongside Generative AI for Fraud Prevention

Why Traditional AI should be used alongside Generative AI for Fraud Prevention

Reimagining Your Core: How Banks Can Thrive Amidst Rapid Technological Change

Reimagining Your Core: How Banks Can Thrive Amidst Rapid Technological Change

The Intersection of Wildlife Trafficking and Financial Crime

The Intersection of Wildlife Trafficking and Financial Crime

All /payments on FinextraTV
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Events

September 2024

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September 2024

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Webinar

Real Time Goes Global: Expanding Revenue Potential Beyond Borders

How real-time will hit the big time and expand revenue potential for financial institutions of all sizes.

Speakers from: CGI Inc.

Online 173

Webinar

Payment Scams and Fraud: Changing Bank Behaviour and Regulatory Frameworks

Is the financial services industry acknowledging that there is a shared responsibility between banks and consumers to protect accounts and payments?

Speakers from: Outseer

Online 321

Webinar

Payment Orchestration: Remaining Relevant in Today’s Market

How can businesses offer a closed-loop, single vendor approach and an open-loop, multi-acquiring strategy at the same time?

Speakers from: ACI Worldwide

Online 296

Webinar

Banks and Credit Unions: How to Establish the Core Banking Blueprint

What upgrades in core architecture must growing institutions consider to enable productive client banking relationships?

Speakers from: i2c Inc.

Online 103

4 Events in September
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October 2024

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October 2024

HideShow

Webinar

Winning Payment Strategies for High-Opportunity Industries

What fintech trends are shaping the future of high opportunity industries?

Online

1 Event in October
Show
All /payments events
/payments

Long reads

What is embedded finance?
Hamish Monk

Hamish Monk Reporter at Finextra

What is embedded finance?

The Covid-19 pandemic was one of the key drivers (open banking the enabler) of global embedded finance adoption. According to Global Market Insights, the embedded finance market shot to $58 billion by 2022, and is estimated to clock-in a 29% compound annual growth rate (CAGR) until 2032 – by which point it could exceed $730 billion​. A new ecosys...

The top payment stories you missed in July
Dominique Dierks

Dominique Dierks Content Manager at Finextra

The top payment stories you missed in July

It was an eventful month in the financial sector. Catch up on six of our most-read news and updates from July 2024. Revolut is finally granted a UK banking license After three years of trying, Revolut has been granted a banking license, with restrictions, by the Financial Conduct Authority. Once the ‘mobilisation stage’ has been completed and the r...

Payments processing: Why banks should take a composable approach
Madhvi Mavadiya

Madhvi Mavadiya Head of Content at Finextra

Payments processing: Why banks should take a composable approach

Over the last two decades, many banks have faced the frustration of being locked into high operating costs. Minimal budgets cannot meet business needs for expansion or support the improvement of product offerings. This is partly due to regulatory requirements consuming the lion’s share of the budget and the high cost of maintaining legacy systems. ...

All /payments long reads

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