Payments Dive
NOVEMBER 19, 2024
Executives from the card networks were on the defensive Tuesday when members of the Senate Judiciary Committee berated them over high fees merchants must pay to accept credit card payments.
PCI Security Standards
FEBRUARY 6, 2024
With the rapid rise in popularity of AI services like ChatGPT, Dall-E, and GitHub Copilot, many people are looking at ways they can leverage the new abilities of these systems to improve their existing businesses.
Payments Next
OCTOBER 31, 2024
by Jim Merchant, Senior Program Director at BHMIFacing rising costs, competition, and complexity, many companies in the payments space are continually seeking The post Gaining Control of Transaction-Based Fee Structures first appeared on Payments NEXT.
Payments Dive
NOVEMBER 20, 2024
After a year as CEO of the digital payments pioneer, Alex Chriss is spearheading an expanded role in commerce for the company.
Speaker: Jason Cottrell and Gireesh Sahukar
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
Payments Next
JUNE 27, 2024
By Kate Knudsen, Senior Program Director at BHMIAs the payments space changes rapidly, banks, merchants, and processors are updating front-end platforms to The post Unlocking profit potential in the payments back-office first appeared on Payments NEXT.
Basis Theory
NOVEMBER 12, 2024
Historically, data security has been treated as featureless and burdensome—but a necessary expense incurred by organizations. Tokenization, however, has reframed the conversation, leading to an explosion in its usage. Today, we can tokenize anything from credit card primary account numbers (PAN) to one-time debit card transactions or social security numbers.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Fintech Finance
NOVEMBER 18, 2024
The current cross-border payment system imposes high costs on businesses and economies worldwide, stifling economic potential and limiting financial inclusivity. Global corporations move $23.5 trillion across countries annually—around a quarter of global GDP—at an estimated cost of $120 billion in transaction fees annually. Any improvement in the efficiency of cross-border transactions would, therefore, lead to considerable benefits for businesses and individuals globally.
Clearly Payments
OCTOBER 30, 2024
As Canadian businesses look to expand internationally, one crucial component of successful growth is handling cross-border payments smoothly and efficiently. Selling products and services internationally means facing new challenges, especially regarding payment processing, regulatory requirements, currency exchanges, and fraud prevention. In this article, we’ll cover what Canadian merchants need to know as they scale their businesses internationally to USA and beyond, with a focus on key consid
Fintech Review
NOVEMBER 20, 2024
In this exclusive Fintech Review interview, Adam Swartzbaugh, CEO of Almond FinTech , discusses transformative cross-border payment technology. Almond’s blockchain-driven Settlement Optimization Engine (SOE) addresses critical speed, transparency, and cost challenges in cross-border payments. The SOE optimises transaction routes and provides near-instantaneous settlement for financial institutions globally.
TechCrunch Fintech
DECEMBER 24, 2024
In an era where it has become tougher to raise venture capital, many companies have turned to non-dilutive, revenue-based financing (RBF) as an alternative. As a result, plenty of startups have risen to meet that challenge, none more so than in the MENA region, which has taken to the model like a duck to water. […] 2024 TechCrunch. All rights reserved.
Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting
Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical
The Payments Association
OCTOBER 28, 2024
The Payments Association (TPA)’s George Iddenden recently sat down with Peter Theunis, senior vice president sales and European managing director at BPC to discuss the remarkable transformation of the payments processing industry, driven by the rise of fintech, the shift towards digital payments, and evolving consumer behaviours. The traditionally stable environment, where banks outsourced processing to established providers, has been shaken up by the emergence of fintech players.
Segpay
DECEMBER 9, 2024
Fraud attacks are becoming more sophisticated and frequent, and if your business isnt prepared, you could be the next target. Hackers are relentless, using trial-and-error tactics to identify weaknesses in systems. Their goal? To uncover sensitive information or exploit payment systems. Without the right protections, these attacks can lead to expensive authorization fees and even the shutdown of your merchant account.
VISTA InfoSec
MAY 23, 2024
In many cases, cutting something off is necessary to avoid bigger damage. This is the idea behind controlled infrastructure removal, the elimination of some parts of your cloud infrastructure to contain an attack or remove a potential attack surface. It is an important part of infrastructure-as-code (IaC) management and something organizations need to be familiar with as they secure their cloud environments and the apps they develop.
The Fintech Times
NOVEMBER 19, 2024
The UK public is largely unaware of new regulations forcing UK banks to reimburse victims of payment scams, weeks after coming into effect, anti-fraud fintech Tunic Pay has revealed. On 7 October, the Payment Systems Regulator (PSR) mandated that all UK banks must repay customers who are victims of payment scams up to £85,000 per case. However, a Tunic Pay survey of 2,000 UK adults, conducted by independent market research consultancy Opinium , reveals that less than three in ten (29 per cent)
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Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?
The Finance Weekly
AUGUST 13, 2024
A study benchmarked that the median Net Retention Rate (NRR) is 102%, while the median Gross Retention Rate (GRR) stands at 91%. These figures can fluctuate depending on the industry, market conditions, the product offered, and several other factors. Nevertheless, consistently high retention rates—both net and gross—often signify that a company is performing well in terms of customer satisfaction and product-market alignment.
Stax
DECEMBER 12, 2024
These days, small and medium-sized businesses (SMBs) prefer to opt for industry-specific payment systems and tools over generic solutions. They account for over 50% of spending on vertical-specific software solutions (i.e., custom software for a particular industry or market). Merchant services are one of these key investments. They enable secure, efficient in-store and online payment processing and offer flexible payment options that customers demand today.
Fintech News
DECEMBER 3, 2024
Digital payment token provider dtcpay has announced a strategic shift to exclusively support stablecoins for all its payment services starting in January 2025. This move will see the phasing out of support for Bitcoin (BTC) and Ethereum (ETH) by the end of the year, while maintaining support for all other stablecoin and fiat currency services. The company emphasises the inherent volatility of cryptocurrencies like Bitcoin and Ethereum as a driving force behind this decision.
Fintech Finance
NOVEMBER 29, 2024
The European Central Bank (ECB) and Norges Bank signed an agreement for Norway to join the Eurosystem’s TARGET Instant Payment Settlement (TIPS) service. This will make the Norwegian krone the fourth currency available for settlement in TIPS, in addition to the euro, the Swedish krona and the Danish krone, which is scheduled to join in April 2025. The inclusion of the Norwegian krone in TIPS, which is part of the Eurosystem’s TARGET Services, is planned for the first half of 2028 and will enable
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Build a sustainable merchant services portfolio with practical strategies to ensure long-term success. Diversify across industries to spread risk and stabilize income, balancing high-risk and low-risk clients for a robust mix. Combine large and small merchants to create a resilient payment portfolio, leveraging each type's strengths. Foster long-term relationships through exceptional service and personalized support.
Clearly Payments
OCTOBER 31, 2024
The economy today is tech-driven and payment methods are a key part of that paradigm. From traditional options like credit cards to emerging solutions such as cryptocurrencies and biometrics, each payment method comes with unique advantages that cater to varying consumer needs. This report covers the payment methods available, examining their usage, growth trends, and statistics to help businesses make informed decisions.
Fintech Review
NOVEMBER 27, 2024
Small and medium enterprises (SMEs) are the backbone of emerging economies. In many regions, they create jobs, drive innovation, and stimulate local economies. Yet, they often face financial challenges, struggling to access credit, manage cash flow, and navigate complex financial systems. Fintech solutions are changing this landscape, offering SMEs tailored tools to overcome these barriers.
Fi911
DECEMBER 31, 2024
A chargeback rate is a metric that measures the percentage of transactions disputed by customers and ultimately reversed by the merchant’s bank. It is calculated by dividing the number of chargebacks by the total number of transactions within a specific period. A high chargeback rate can indicate issues like fraud, dissatisfaction with products or services, or misunderstandings in billing.
The Payments Association
DECEMBER 16, 2024
At Skipify , our vision is simple: provide shoppers the ultimate choice and flexibility at checkout. Whether paying with a credit or debit card, splitting payments across cards, or using alternative financing options, we believe in empowering consumers at the moment of purchase with every payment method possible. Powered by Skipifys Commerce Identity Cloud, merchants can now offer a wide range of payment options seamlessly without any upheavals to their existing checkout experience.
Speaker: David Nisbet, Everett Zufelt, and Michaela Weber
Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.
TechCrunch Fintech
NOVEMBER 6, 2024
The Federal Trade Commission (FTC) announced on Tuesday it will be taking action against the online cash app and neobank Dave, which it says used “misleading marketing to deceive consumers.” At issue is how Dave marketed $500 cash advances to consumers that it rarely offered, and the “Express Fee” it charged if customers wanted their […] © 2024 TechCrunch.
VISTA InfoSec
JANUARY 18, 2024
In our last discussion, we explored the evolution of Requirement 1 in the transition from PCI DSS v3.2.1 to v4.0, with a particular emphasis on the move towards ‘network security controls’. As we continue our exploration of the updated PCI DSS v4.0, today’s focus will be on the transformations in Requirement 2. As a reminder, the Payment Card Industry Data Security Standard (PCI DSS) is a comprehensive set of security requirements that all organizations handling cardholder data must adhere to.
The Fintech Times
NOVEMBER 6, 2024
Singapore FinTech Festival returned for its ninth annual edition, bringing together policy, finance and technology communities at the Singapore EXPO. As expected, innovations and announcements were rife throughout, here’s a roundup of all the news coming out of the global event. Organised by the Monetary Authority of Singapore (MAS), Global Finance & Technology Network (GFTN) and Constellar , in collaboration with The Association of Banks in Singapore , Singapore FinTech Festival 2024
The Finance Weekly
JULY 14, 2024
Are you planning for a Saturday night? Welp, that’s kind of short-ranged! How about, planning to buy a house in the next five years? Or a farm in the next 10 years! That’s exactly how Long-range Planning (LRP) works – not only for individuals but for businesses as well. Long range planning extends beyond conventional budgeting, planning, and forecasting processes which usually span a year, and concentrates mainly on financial goals and key initiatives that are 5-10 years or more into the future.
Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón
Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how a composable approach helps modernize commerce stacks while maintaining control over critical systems.
Stax
NOVEMBER 21, 2024
Whether you are starting a new online store or looking to grow your existing brick-and-mortar small business, you must make provisions for accepting credit card payments. A study by the Federal Reserve Bank of San Francisco showed that credit cards account for 31% of all payments, significantly more than cash at 18%, and debit cards at 29%. There is no way around it: credit cards are an essential part of the everyday life of your customers and you will only lose customers if you aren’t ready for
Fintech News
DECEMBER 5, 2024
Coinbase, the global cryptocurrency platform, plans to introduce stablecoins pegged to the Thai baht and Philippine peso as part of its focus on Southeast Asia, according to a report by Nikkei Asia. The company currently has no plans to directly enter Southeast Asian jurisdictions. Instead, the company is focusing on its wallet business and blockchain platform Base to drive blockchain adoption by enabling local developers to create solutions for baht and peso stablecoins.
Fintech Finance
OCTOBER 29, 2024
Dragons’ Den stars Sara Davies and Deborah Meaden have joined forces with Our Dementia Choir founder and Line of Duty star Vicky McClure, to back Sibstar ’s Safe Spending For All Campaign. Sibstar, the UK’s leading debit card and app for people living with dementia, is today calling for banks and governments to work closer together to ensure safer spending for financially vulnerable people.
Clearly Payments
NOVEMBER 13, 2024
In payment processing, one component of the payment processing tech stack involving credit or debit cards is the Bank Identification Number or BIN. Although BINs play a critical role in how payments are processed and authenticated, they often go unnoticed by the average consumer or merchant. For payment processors and financial institutions, however, understanding BINs is essential for smooth transaction processing, security, and even risk management.
Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms
In this webinar, Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms, will dive into the 7 must-have criteria for evaluating payments partners, helping you maximize both efficiency and the long-term value of your investment. From assessing technology capabilities to leveraging business development opportunities, this session will give you a clear, actionable strategy to select the right partner for scaling your business.
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