SWIFT to Eliminate Frictions in International Payments By Upfront Verification of Account Details in Real Time

Posted on by Staff Writer | 2858 Views | 14 min read

New service enables real-time payment validation to reduce errors, exceptions and costs caused by wrong or missing beneficiary information Removes a key area of friction in cross-border payments, supporting SWIFT’s strategy for seamless, instant account-to-account transactions SWIFT has announced the go-live of a service that will enable banks to verify payee account details before an

Razorpay & Mastercard Launch Mandate HQ, a Safe & Secure Recurring Payment Interface

Posted on by Staff Writer | 3532 Views | 18 min read

To further the adoption of digital payments in a safe and secure manner, the RBI has issued a framework for processing of e-mandates on recurring online transactions. It has made AFA (Additional Factor of Authentication) mandatory for all recurring transactions below INR 5000 on debit cards, credit cards, even UPI and other Prepaid Payment Instruments

Financial Institutions Enhance Customer Experience and Drive Growth with Cloud-based CRM from Fiserv

Posted on by Staff Writer | 3110 Views | 11 min read

Built on Microsoft Dynamics 365, the Enteract customer relationship management platform enables integrated sales and service for retail and commercial banking Fiserv, Inc., a leading global provider of financial services technology solutions, has launched EnteractSM, a new, cloud-based customer relationship management (CRM) platform for financial institutions. Built on Microsoft Dynamics 365, Enteract enables financial institutions

Commercial Bank of Kuwait Selects TCS BaNCS™ to Transform Treasury Operations and Drive Future Growth

Posted on by Staff Writer | 3234 Views | 13 min read

Tata Consultancy Services’ Integrated Front-to-Back Treasury Solution to Help the Bank Create New and Innovative Asset Classes and Improve Customer Experience Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organization, announced that Commercial Bank of Kuwait (CBK), one of the largest financial institutions in Kuwait, has selected TCS BaNCS™ for

NCR Completes Transaction with Cardtronics

Posted on by Staff Writer | 2757 Views | 4 min read

NCR Corporation (NYSE: NCR), a global enterprise technology provider, has announced that it has closed its transaction with Cardtronics (NASDAQ: CATM). “We are pleased to reach today’s milestone and to be one step closer to combining our two outstanding companies,” said Michael D. Hayford, President and Chief Executive Officer of NCR. “This combination will accelerate

Fiserv Announces Executive Leadership Appointments

Posted on by Staff Writer | 3166 Views | 9 min read

Fiserv, Inc., a leading global provider of payments and financial services technology solutions, has announced executive appointments to further the company’s goals of creating value for clients and generating strong, sustainable growth. Guy Chiarello, currently Chief Administrative Officer of Fiserv, has been appointed Chief Operating Officer, effective June 24, 2021. In a distinguished career spanning more than

RBR | Teller Assist Technology Remains a Cornerstone in Banks’ Cash Management Strategies

Posted on by Staff Writer | 2950 Views | 10 min read

Teller assist units allow banks to boost cash handling efficiency and create a more personalised and secure banking experience for customers USA home to a third of the world’s teller cash recyclers RBR’s Branch Transformation 2021 reveals that the migration of cash away from the teller, declining footfall in branches, and a wider shift towards

Consumers’ Use of Mobile Wallets Up Nearly 50 Percent Among Those Paying Bills Digitally More Often During Pandemic, New ACI Study Reveals

Posted on by Staff Writer | 3853 Views | 22 min read

Security cited as top concern for those not willing to use mobile wallet payments Flexible payment options can help ease consumer debt caused by the pandemic According to new data from ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, the use of mobile wallets has increased nearly 50 percent (49%) from

Juniper Research | Virtual Card Transaction Values to Increase by 370% Globally in Five Years

Posted on by Staff Writer | 3710 Views | 9 min read

B2B Payments Driving Value A new study by Juniper Research has found that the global value of virtual card transactions will reach $6.8 trillion in 2026, from $1.9 trillion in 2021. Virtual cards, secure digital cards with randomly generated details, will show strong growth as they are increasingly used for B2B payments. The research identified that businesses

ATMIA Announces Award Winners at 2021 US Conference

Posted on by Staff Writer | 5474 Views | 14 min read

At ATMIA’s 22nd Annual US Conference in Las Vegas this week, the association presented a variety of industry awards for exceptional contributions to the ATM industry throughout 2020 and beyond. The US Conference’s theme of NextGen ATMs – A New Path to a Transformative Future focused on the industry’s Next-Gen ATMs initiative and a world of exciting new capabilities in