Show Me the Money! Cashback and Value Credit Cards Grow in Popularity as Financial Health of Cardholders Declines, J.D. Power Finds
- 2 years 2 months ago
- Credit Cards
The points, miles and perks that have come to define the modern credit card marketing playbook are being replaced by cashback rewards and lower fee cards as cardholder financial health1 grows increasingly strained. According to the J.D. Power 2024 U.S. Credit Card Satisfaction Study,SM released today, only 46% of cardholders are now classified as financially healthy and 51% carry revolving debt on their cards.
Klarna Customers Can ‘Save Now, Pay Later’ With New Balance and Cashback Features
- 2 years 2 months ago
- Lending
Klarna, the AI-powered global payments network and shopping assistant, has launched two new products tapping into retail banks’ core business: everyday spending and saving. Launched in 12 countries across Europe and the US, this marks a significant step forward in Klarna’s mission to disrupt retail banking and become an every day spending partner to the world’s consumers.
Sionic Announces Fraud Protection Service Using Google Cloud AI Technology
- 2 years 2 months ago
- Fraud Detection
Sionic, a leading provider of real-time, Pay-by-Bank Commerce (PbBC) services, today announced the launch of its comprehensive fraud detection and mitigation service built exclusively for real-time, bank-to-bank payments at checkouts, whether online, mobile or in-store. Using Google Cloud’s Vertex AI platform, Sionic is able to help financial institutions and retailers detect fraud more effectively.
Zip Announces Strategic Partnership with Stripe in the U.S. to Accelerate Market Growth
- 2 years 2 months ago
- Infrastructure
Zip, a digital financial services company offering innovative, people-centered products, today announced its integration as a payment method for U.S. merchants using Stripe.
Amount Raises $30 Million in Equity Funding to Power Digital Lending Solutions for Credit Unions and Banks
- 2 years 2 months ago
- Fundraising News
Amount, a digital origination and decisioning SaaS platform powering consumer and small business deposit account opening and loan origination, today announced the successful close of a $30 million equity capital raise. The company will use the funds to further invest in its world-class technology and accelerate its progress in the credit union sector, building on Amount’s successful track record of helping financial institutions simplify and...
PayQuicker Expands Global e-Wallet Payouts Capabilities
- 2 years 2 months ago
- Payments
PayQuicker, a leader in global payouts orchestration, announced a collaboration with Thunes, a global money movement innovator, to expand its e-Wallet payout capabilities worldwide. The collaboration aims to address the increasing demand for more diverse, and flexible payout methods, especially in emerging markets where e-Wallets serve as essential financial tools.
Encompass Corporation Announces the Appointment of Alex Ford as Chief Revenue Officer
- 2 years 2 months ago
- People Moves
Encompass Corporation, the market-leading Corporate Digital Identity provider, announces the appointment of Alex Ford to Chief Revenue Officer (CRO) alongside her current position as President of North America. Alex’s new role will play an integral part of the company’s growth and development plans as Encompass continues to pioneer the Corporate Digital
Sling Money Raises $15 Million Series A to Transform Global Payments
- 2 years 2 months ago
- Fundraising News
Sling Money, an app designed to make the global transfer of money instant, easy and low-cost, today announced a $15 million Series A round led by Union Square Ventures, Ribbit Capital, and Slow Ventures.
Apple: Developers to Enable In-App NFC Transactions With Secure Element on iOS 18.1
- 2 years 2 months ago
- Security
Apple has announced that with the release of iOS 18.1, developers will soon be able to integrate NFC contactless transactions directly within their iPhone apps using the Secure Element, independent of Apple Pay and Apple Wallet. This new capability, facilitated by the introduction of NFC and Secure Element (SE) APIs, will allow developers to offer a range of contactless services such as in-store payments, digital keys, corporate badges, loyalty...
Alkami Integrates Credential Stuffing Protection Into Its Digital Banking Platform
- 2 years 2 months ago
- Digital banking
Alkami Technology, Inc., a leading cloud-based
Oliver Wyman Announces Paul Ricard as Asia-Pacific Head of Insurance and Asset Management
- 2 years 2 months ago
- People Moves
Oliver Wyman, a business of Marsh McLennan (NYSE: MMC) and a leading global management consulting firm, announced today that Paul Ricard has been appointed as the new Asia-Pacific Head of Insurance and Asset Management, effective immediately.
Adyen Expands Payment Processing to India, Launches New Technology Hub
- 2 years 2 months ago
- Payments
Adyen, the global payments platform of choice for many of the world's leading companies, today announced its expansion in India, following the grant of authorization from the Reserve Bank of India to operate as an Online Payment Aggregator in India for domestic and cross-border payments. The commitment to accelerate payment innovation in India includes a technology hub in Bengaluru (Bangalore) and the launch of local payment processing...
MAS Collaborates With Banks and Technology Partners on Quantum Security
- 2 years 2 months ago
- Banking
The Monetary Authority of Singapore (MAS), DBS, HSBC, OCBC, UOB, SPTel and SpeQtral today signed a Memorandum of Understanding (MoU) to embark on quantum security collaboration and study the application of Quantum Key Distribution (QKD) [1] in financial services. QKD can help financial institutions (FIs) protect the exchange of cryptographic keys to address the cybersecurity threats posed by quantum computing.
New Research Finds Consumers Demand Payment Choice, Worry About Cash Access, and Remain Optimistic About Their Financial Future
- 2 years 2 months ago
- Cash management
Over half of consumers worldwide (56%) have changed their spending habits from a year ago, not only becoming more price conscious but demanding payment choice, from debit cards and bank transfers to digital wallets and cash, according to new research from Paysafe, a global payment processor and digital wallet provider.
10x Banking and LTIMindtree Announce Global Partnership to Accelerate Banks’ Modernization Journeys
- 2 years 2 months ago
- Banking
10x Banking, the next gen cloud-native core banking platform, and LTIMindtree, a global technology consulting and digital solutions company, today announced a global partnership agreement, making LTIMindtree a key global implementation partner for 10x’s transformational meta core banking platform . This collaboration will enable financial institutions to embrace the significant momentum in the market as banks look to adopt modern core banking...
