A quarter of fraud victims may end up getting no refund at all despite new rules designed to force banks to reimburse money lost in bank transfer scams, according to new research from personal finance site Finder.
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All But 2 Banks Silent on Whether Victims Will Be Forced to Cover First £100 of a Fraud Claim
Friday, July 12, 2024 - 10:11
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/news/fraud-detection/all-2-banks-silent-whether-victims-will-be-forced-cover-first-ps100-fraud-claim
Financial IT
UAE’s Artificial Intelligence Office, Mastercard and First Abu Dhabi Bank launch joint AI Challenge
The UAE’s Artificial Intelligence, Digital Economy and Remote Work Applications Office, the Mastercard Center for Advanced AI and Cyber Technology in Dubai, and First Abu Dhabi Bank (FAB) have announced the launch of their inaugural AI Challenge.
Friday, July 12, 2024 - 10:08
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/news/artificial-intelligence/uaes-artificial-intelligence-office-mastercard-and-first-abu-dhabi-bank
Financial IT
Far Majority of Consumers Satisfied with BNPL and Three in Four Expect Such Loans Will Impact Their Credit Scores Positively
Millions of U.S. consumers have used Buy Now, Pay Later (BNPL) loans with 89% stating they are satisfied or very satisfied with the credit product. A new survey from TransUnion also revealed that 85% of BNPL users would recommend such loans to others.
Thursday, July 11, 2024 - 14:38
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/news/lending/far-majority-consumers-satisfied-bnpl-and-three-four-expect-such-loans-will-impact
Financial IT
Finix Launches New No-Code and Low-Code Payment Features
Finix, the full-stack payment processor enabling businesses to accept and send payments, today unveiled a new suite of no-code and low-code features. With Checkout Pages, Payment Links and Payout Links, Tokenization Forms, Virtual Terminals, and Merchant Onboarding Forms, Finix customers can effortlessly set up payment solutions in just minutes — no coding required.
Thursday, July 11, 2024 - 14:28
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/news/financial/finix-launches-new-no-code-and-low-code-payment-features
Financial IT
Mastercard and the Medical Tourism Association Join Forces to Revolutionize Cross-Border Health Care Payments
The Medical Tourism Association will launch a one-stop platform with Mastercard payment capabilities to bring more convenience, flexibility, and trust to the medical tourism industry
Thursday, July 11, 2024 - 13:29
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/news/payments/mastercard-and-medical-tourism-association-join-forces-revolutionize-cross-border
Financial IT
Announcing AWS App Studio, the Fastest and Easiest Way to Build Applications
At AWS Summit New York, Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company, announced AWS App Studio, a generative artificial intelligence (AI)-powered service that uses natural language to create enterprise-grade applications.
Thursday, July 11, 2024 - 12:44
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/news/artificial-intelligence/announcing-aws-app-studio-fastest-and-easiest-way-build-applications
Financial IT
Onbe and ZSuite Tech Partner to Deliver Digital Payout Solutions for Banks and Their Clients
Onbe, a leading corporate payouts platform, today announces its partnership with ZSuite Tech, a high-growth fintech innovator with a focus on commercial escrow and subaccounting. The partnership will provide an embedded digital disbursement option for the more than 90 U.S. banks that use ZSuite Tech, allowing them to offer a simplified and cost-efficient mechanism for issuing payments through popular methods including virtual cards, ACH, push to card, and mobile wallets.
Thursday, July 11, 2024 - 11:35
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/news/banking/onbe-and-zsuite-tech-partner-deliver-digital-payout-solutions-banks-and-their-clients
Financial IT
FCA Overhauls Listing Rules to Boost Growth and Innovation on UK Stock Markets
In rules published today, the Financial Conduct Authority (FCA) has set out a simplified listings regime with a single category and streamlined eligibility for those companies seeking to list their shares in the UK.
Thursday, July 11, 2024 - 10:51
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/news/trading-systems/fca-overhauls-listing-rules-boost-growth-and-innovation-uk-stock-markets
Financial IT
Parent Trap: Nearly Half of Adult Gen Zers Getting Financial Help from Mom & Dad, According to BofA Study
Thursday, July 11, 2024 - 10:39
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/news/personal-finance/parent-trap-nearly-half-adult-gen-zers-getting-financial-help-mom-dad
Financial IT
Payzli POS is Now Available on Visa Acceptance Platform to Elevate Your Payment Experience Through Visa's Inclusive Ecosystem
Payzli, a cutting-edge payments fintech, announced today it is working with Visa to offer Payzli POS on the Visa Acceptance Platform, an open, network-agnostic ecosystem offering modular payments services akin to an app store for sellers.
Thursday, July 11, 2024 - 10:24
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/news/payments/payzli-pos-now-available-visa-acceptance-platform-elevate-your-payment-experience
Financial IT
