Wed.Aug 07, 2024

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JPMorgan fires up biometric payments processing

Payments Dive

The biggest U.S. bank is piloting payments processing for biometric transactions, with plans to use it at the hamburger chain Whataburger, which lets customers pay with a face scan.

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Sneak Peek: 2024 Community Meeting Keynote Speakers

PCI Security Standards

Don’t miss out on an extraordinary opportunity to learn from the most influential minds in payment security. Join us at a PCI SSC Community Meeting to collaborate and stay informed on the newest advancements in global payments security and PCI Security Standards. As promised, our 2024 keynote speakers, Tom Koulopoulos and Dr. Bruce McCabe , will deliver captivating and enlightening sessions, as they are distinguished experts in the field.

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Toast aims to move beyond restaurants

Payments Dive

The payments service provider is known for working with restaurants, but seeks to make headway with convenience stores, grocery stores and bottle shops.

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Financial Technology Summit

Open Banking Excellence

25th September 2024 Live Event Linkedin Twitter Youtube The Fintech Summit The Fintech Summit is Scotland’s largest annual gathering of financial technology leaders, and has established itself as the must-attend event for stakeholders in the sector. The conference will explore technological innovation across the industry, from developments in leading FS institutions, to the disruptive innovators within the challenger and start-up community that are reshaping the Financial Services market.

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eCommerce in 2025: How Customer Experience Drives Online Retail Success

Speaker: Jennifer Wright and Nick Barron

2025 is right around the corner, and with it comes a new wave of consumer expectations, competitive pressures, and operational challenges. Success lies in finding the balance between operational flexibility and creating experiences that keep customers coming back. The future of retail belongs to those who can stay ahead of shifting customer preferences and marketing trends. 🔮 In this session, we’ll dive deep into what it takes to keep customers engaged and your operations nimble, no matt

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Unveiling APP fraud trends: The PSR’s July 2024 report insights

The Payments Association

The PSR's July 2024 report on APP scams highlights growing fraud sophistication and the challenges for financial institutions, stressing the need for improved regulations and consumer protection.

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Ripple Partners With DIFC Innovation Hub to Accelerate UAE Blockchain and Crypto Adoption

The Fintech Times

Ripple , the blockchain and crypto solution provider, is partnering with the Dubai International Financial Centre’s (DIFC) Innovation Hub, to accelerate blockchain and digital assets innovation in the UAE. Through the new partnership, Ripple and the DIFC Innovation Hub aim to jointly drive blockchain and crypto adoption amongst early-stage companies and scale-ups, while introducing and positioning the technology with traditional large strategic institutions and their use cases.

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Entersekt recognized as leading vendor for account takeover prevention in banking by Liminal

The Payments Association

Entersekt was recognised as a Leading Vendor, and highest rated Authentication-Focused Vendor, in the July 2024 Liminal Link Index for Account Takeover (ATO) Prevention in Banking report. The analysis of 56 companies in total, highlights 24 leading companies selected based on an evaluation of their product offerings, strategies, and market presence.

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Google integrates Greenlight card into smartwatch for kids

Finextra

Users of Google's new kid-focused smartwatch will be able to connect a debit card from Greenlight Financial Technology for contactless payments.

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MAS Reiterates Robust Controls on Cross-Border Payments to Combat Scams

Fintech News

Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong has reiterated the Monetary Authority of Singapore’s (MAS) ongoing efforts to combat cross-border payments scams. Key among these measures are a default transaction notification threshold of S$100 or lower and a daily transaction limit of no more than S$1,000. Gan addressed concerns in parliament about the risks associated with cross-border instant money transfers, particularly for vulnerable groups such as the elderly.

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Bitstamp Announces Partnership With Stripe to Support Stripe’s Fiat-to-Crypto Onramp in EU

Fintech Finance

Bitstamp, the world’s longest-running crypto exchange, has announced it is partnering with Stripe , a financial infrastructure platform for businesses, to support Stripe’s fiat-to-crypto onramp across the EU. This collaboration brings together two of the most trusted and reliable fintech brands in the world, allowing consumers across the EU to easily purchase cryptocurrencies directly.

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7 Essential Criteria for Choosing the Right Payments Partner

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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Temasek-backed Partior Sees 75% Surge in Losses for 2023 Amid Rising Expenses

Fintech News

Singapore-based blockchain payments firm Partior recorded a significant 75% surge in losses for 2023, primarily attributed to a substantial rise in expenses, DealStreetAsia has learned. Despite this, the company reported US$285,000 in revenue for 2023, a significant increase compared to the previous year’s lack of income. According to regulatory filings, the increased losses were largely due to higher expenses, including substantial employee benefits costs and other operational expenses.

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X working on 'payments' button

Finextra

Social network X could be close to adding a payments button as it builds towards Elon Musk’s ambitions of transforming the platform into an "everything app" where users can conduct their "entire financial life".

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Stripe Launches No-Code Adaptive Pricing for Businesses Globally

Fintech Finance

Stripe , a financial infrastructure platform for businesses, today launched Adaptive Pricing to help users present to their end buyers in preferred local currencies. Stripe users globally on Checkout or Payment Links can turn on Adaptive Pricing with one click in their dashboard. Stripe supports merchants in 50+ countries with Adaptive Pricing, enabling them to present in local currencies to buyers in 150+ countries around the world.

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What are Mastercard Chargeback Reason Codes?

Fi911

Mastercard chargeback reason codes consist of a series of identifiers utilized to categorize various chargeback circumstances, which represent the disagreements raised by cardholders against merchants. These codes play a crucial role in organizing disputes and guiding the subsequent actions required. Each chargeback is linked to a distinctive 4-digit alphanumeric code provided by the cardholder’s bank, which specifies the reason for the challenge.

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Loyalty 101: How To Turn Browsers Into Buyers For Lasting Engagement

Speaker: Shaunna Bruton, Danielle Wyllie, and Kailey Holmes

Say goodbye to one-size-fits-all retail, and say hello to experiences that keep your customers coming back for more! Customer loyalty isn’t just earned - it’s cultivated through meaningful engagement with the help of data. This webinar will take you behind the scenes of how top retailers turn customer data into personalized experiences that drive engagement and retention.

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Sophia Melas Joins Award-Winning Payment Orchestration Business APEXX Global as VP of Sales

Fintech Finance

APEXX Global (APEXX), the award-winning payment orchestration platform, have announced the appointment of Sophia Melas as Vice President of Sales. With an impressive track record in the payments industry, particularly within the travel sector, Sophia brings a wealth of expertise and strategic insight to the APEXX team. Sophia’s extensive experience includes her recent role as Director of Business Development at CellPoint Digital, where she drove significant growth and innovation.

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CommBank to equip all staff with AI training modules

Finextra

Commonwealth Bank of Australia is rolling out an AI microlearning series to all employees.

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Orenda Partners With Tribe for Issuer Processing

Fintech Finance

Tribe Payments , the pioneering digital payments and infrastructure orchestrator which specialises in issuer and acquirer processing, has been selected by embedded financial services platform, Orenda Finance , to provide its issuer processing services. Founded in 2020 by Joshua Vittori, Orenda is a one-stop embedded financial service ecosystem, offering a suite of configurable products and services, including no-code embedded financial services and an end-to-end programme manager.

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Tan Su Shan to Become DBS’ First Female CEO in March 2025

Fintech News

DBS has announced the appointment of Tan Su Shan as Deputy CEO, in addition to her role as Group Head of Institutional Banking. She is set to succeed Piyush Gupta as CEO upon his retirement at the next annual general meeting on 28 March 2025, becoming the first female CEO in the bank’s history. Tan, 56, brings over 35 years of experience in consumer banking, wealth management, and institutional banking.

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Enhance Customer Value: Unleash Your Data’s Potential

The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.

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Greenlight Teams Up with Google Wallet to Bring Financial Independence to New Kids Smartwatch

Fintech Finance

Greenlight® Financial Technology, Inc. (“Greenlight”), the fintech company on a mission to help parents raise financially-smart kids, today announced a collaboration with Google to connect with the Fitbit Ace LTE, a first-of-its-kind smartwatch that helps kids lead active, independent lives while giving parents peace of mind. Starting today, Greenlight’s debit card can be seamlessly added to the Google Fitbit Ace LTE so kids can learn to spend wisely and safely tap to pay on the go w

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The Digitalization of Trade Documents: Electronic Bill of Lading

Fintech Review

By Simon Šinigoj, Digital Marketing Specialist at CargoX. In today’s interconnected world, digitalizing trade documents is transforming international trade in significant ways. The Electronic Bill of Lading (eBL) is a key aspect of this revolution. The eBL has gained significant attention and endorsement from various industries for its efficiency.

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Visa Data Shows Spending at the 2024 Olympic Games is Boosting the French Economy

Fintech Finance

Visa (NYSE: V), the Official Payment Technology Partner of the Olympic and Paralympic Games, today shared new data revealing initial consumer spending patterns during the kickoff of the 2024 Paris Games. Paris 2024 Spend by the Numbers Small businesses in Paris benefitted from a 26% year-on-year rise in sales from Visa cardholders during the first weekend of the Olympic Games Most significant increase in spending levels in Paris were seen in theatres & museums +159%, food & grocery + 42%

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Transactions: U.S. Bank joins forces with Billtrust for B2B payments

Bank Automation

U.S. Bank is working with payments service provider Billtrust to provide business customers with an accounts receivable solution. The platform, called Advance Receivables, will help automate invoicing and payments along with providing custom methods for collection of invoices, Alberto Casas, head of product for U.S. Bank global treasury management, told Bank Automation News.

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Top Strategies to Future-Proof & Sustain Your Merchant Services Portfolio

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.

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WorldFirst Partners With Walmart for Secure Online Fund Collection

Fintech Finance

WorldFirst , a one-stop digital payment and financial services platform for global businesses, particularly SMEs in international trade, has worked with Walmart to enable China-based e-commerce sellers to securely collect funds from Walmart Marketplace, accelerating global growth opportunities. Leveraging WorldFirst’s 20 years of expertise in secure cross-border payments, the new digital payment collection service will provide online sellers with three key benefits: Security and Compliance

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Bitstamp to support Stripe's fiat-to-crypto onramp in EU

Finextra

Bitstamp, the world's longest-running crypto exchange, has announced it is partnering with Stripe, a financial infrastructure platform for businesses, to support Stripe's fiat-to-crypto onramp across the EU.

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dLocal and iTransfer Team Up to Advance Cross-Border Money Transfers in Key Emerging Markets

Fintech Finance

dLocal , the leading cross-border payment platform specializing in high-growth markets, today announced its strategic partnership with iTransfer , a prominent cross-border payments company with a significant presence in EMEA, Latin America, and APAC. One of the main challenges users face in emerging markets is currency volatility, which can significantly affect payment values.

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MUFG invests $393m in Filipino fintech Mynt

Finextra

Philippines-based mobile payment and credit service Mynt has seen its valuation soar to $5 billion after Japan's MUFG and local investor Ayala each pumped $393 million into the GCash wallet operator.

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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.

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Mondu Secures EMI License for Further Expansion Across Europe

Fintech Finance

Mondu BV , the fast-growing B2B Fintech, has secured an Electronic Money Institution (EMI) License from De Nederlandsche Bank (DNB) in the Netherlands. The license will accelerate Mondu’s expansion across Europe while enabling the company to evolve even faster, support more customers, and launch complementary payment services like eWallets and Credit Cards.

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2025 Fintech Pledge Celebrates New Milestone on Road to Improve UK Financial Resilience

The Fintech Times

The 2025 Fintech Pledge, the campaign aiming to improve the financial lives of 25 million people by 2025, has successfully achieved over 15 million actions towards its goal. Launched by Zopa Bank and ClearScore in 2022, the Fintech Pledge aims to help millions of UK consumers strengthen their ability to withstand an economic shock, successfully achieving more than half its initial objective.

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Nacha Announces Visa as Preferred Partner

Fintech Finance

Nacha announced that Visa , a world leader in digital payments, has joined its Preferred Partner Program for ACH Experience, Open Banking and Account Validation. Through Tink, an open banking platform acquired by Visa in 2022, Visa combines the power of its payments and open banking expertise to build innovative products that optimize ACH payment experiences, making it easier for users to connect accounts and provide trusted parties with access to their financial data.

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Mobile, digital banking adoption jumps in Q2

Bank Automation

Financial institutions are investing in their mobile and digital experiences as consumers flock to online channels for self-service banking.

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Secure SaaS Success: Embedded Finance as a Competitive Advantage

Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms

Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.