Jack Henry Adds AI-Based Fraud Detection to Digital Payments Platform
Fintech company Jack Henry has launched a fraud prevention feature based on artificial intelligence in real-time.
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Self-Checkout Systems Increasingly Reach New Retail Segments: Report
Self-checkout technology is increasingly being deployed by various types of retailers, not just grocery stores and supermarket chains
ACI Worldwide Offers Instant Payments to UK and EU Merchants
ACI Worldwide has announced the launch of its instant payment solution for merchants in the UK and Europe.
Prospects of Money Transfer Apps
Many digital applications help people store and transfer their money securely, ensuring quick transfers, including international ones, without large commissions.
Afreximbank Expects Up to 20 Countries to Use Pan-African Payment System by Year’s End
By the end of this year, up to 20 countries can join the pan-African payment system.
Mexico and Peru to Develop Real-Time Payments
Currently, in Latin American countries, a significant part of non-bank households does not demonstrate either the desire or any readiness to switch to real-time payment in their actions related to handling finances, but experts believe that in the near future in some parts of this region, the corresponding service will be scaled.
Plaid Launches Tool for Cash Flow Underwriting
Plaid has introduced a new solution called Plaid Link, which will facilitate consumers’ access to real-time data on the movement of money.
Can You Pay with Cash on DoorDash?
DoorDash is a highly popular and convenient app that allows users to easily order food or groceries from a vast selection of stores and restaurants throughout the United States.
Shopify and Volt Forge Open Banking Partnership
E-commerce company Shopify has announced the beginning of an open banking partnership with Volt.
Thailand Begins Pilot Retail CBDC Project
The Central Bank of Thailand has launched a retail pilot project using the central bank’s digital currency (CBDC).
Coinbase Commerce Partners With Chainalysis for Crypto Payments
The blockchain analytics platform Chainalysis last Monday, June 12, announced the integration of the crypto-payment platform Coinbase Commerce.
Nasdaq to Acquire Financial Services Software Company Adenza
Nasdaq today, June 12, announced the purchase of Adenza, a company that specializes in creating risk management software and related regulation for the financial services market.
PayMate Expands to Chase $68 Trillion B2B Payment Market
PayMate, a provider of business-to-business (B2B) payments and services, announced the expansion of the geography of its activities.
SoFi Debuts Student Loan Tool
SoFi presented a financial instrument through which consumers can repay student loans and at the same time save money for retirement.
B2B BNPL Provider Hokodo Acquires European Payments License
The B2B service provider Buy Now, Pay Later (BNPL) Hokodo has acquired a license, the presence of which grants the right to operate in all European financial markets.
BNY Mellon Partners With MoCaFi on Payments to the Unbanked
The new service from BNY Mellon Partners and MoCaFi is designed for federal, state and local governments and corporations looking to reach those who are unbanked or underbanked
Payments are the transfer of money between two parties in exchange for goods, services, or to settle obligations. They can be made through various online and offline methods like cash, cards, bank transfers, mobile wallets, or digital currencies.
Payments are foundational to the fintech industry. They represent the most frequent and essential financial interaction between individuals, businesses, and institutions. In fintech, innovations in payments focus on making transactions faster, affordable, more secure, and inclusive.
These money transfers are often the entry point for broader digital financial services, such as lending, insurance, or investment, and play a key role in driving financial inclusion and global commerce.
