Tue.Sep 17, 2024

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Ex-JP Morgan, NatWest Executive Mike Elliff Joins Chargebacks911 as chief revenue officer, CEO of EMEA

The Payments Association

Chargebacks911 has appointed fintech expert Mike Elliff as Chief Revenue Officer, CEO of EMEA, and board member. His appointment comes as the company seeks to address growing demand for advanced dispute management solutions amidst a surge in post-transaction fraud. Chargebacks911 aims to leverage Elliff's 30 years of banking and payments expertise, including success at NatWest Group and JP Morgan Chase, to drive global expansion and provide innovative, adaptable solutions to protect consumers, m

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What is a Payment Gateway and How Does It Work?

Stax

A payment gateway is a must-have for online stores. In fact, research from 2023 shows that 69% of Americans said they’ve used a digital payment method in the past 3 months when making a purchase. And the best way for online businesses to start accepting payments is with a payment gateway. But hold on: If you’re wondering what a payment gateway is, and just why exactly you need one, we’ve got you covered.

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Consumer behaviour trends revealed

The Payments Association

The Payments Association’s consumer behaviour survey uncovers shifting payment preferences in the UK, with digital methods on the rise while cash remains vital for certain demographics.

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Everything You Need to Know About PCI Compliance for Credit Card Processing

Stax

In the new, digital era of payment management and shopping, protecting customer data is a top priority. While the news may bring breaking headlines about stolen or lost data from large corporations, every business can take the steps necessary to secure sensitive data. TL;DR PCI compliance is essential because it helps prevent data breaches, ultimately cultivating customer trust.

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How To Drive Retail Results With Integrated Tech And UX Design

Speaker: Jennifer Wright and Nick Barron

Navigating the complexities of e-commerce requires more than just the right technology - It demands a holistic strategy that aligns platform capabilities with customer- centric design and marketing. This webinar will provide a roadmap for building a robust e-commerce strategy, guiding you through key decisions from platform selection to creating user experiences that convert, and leverage digital marketing to reach and retail customers.

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Global Data Reporting Pioneer Kani Payments Gets Ready for ISO 20022

Fintech Finance

Kani Payments , the disruptive global data reconciliation and reporting pioneer, today announces it is ready to support the ISO 20022 global messaging standard ahead of the November 2025 implementation date. The move comes as part of its offering to simplify reconciliation and enhance data standardisation for its global payments client base. ISO 20022 is the global messaging standard for financial messages, designed to enable interoperability between financial institutions and other market playe

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ACH Payment vs Wire Transfer Similarities and Differences: How to Choose Between ACH vs Wire

Stax

When did you last use cash or check to pay for something? If you had to scratch your head to answer this question, you’re among 9 in 10 Americans who prefer digital transactions over traditional payment methods. According to Mordor Intelligence , the electronic payments industry was valued at $7.36 trillion in 2021 and is expected to grow at a CAGR of 11.08% to hit $15.27 trillion in 2030.

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Neonomics and Oblinor Partner to Grow Investment Platform With Open Banking

Fintech Finance

Neonomics a leading open banking provider, have been selected by Oblinor , a Norwegian digital investment platform that gives investors the opportunity to invest in real estate projects. Seeking a way to streamline and enhance the investor experience, Oblinor has integrated Neonomics checkout offering to make it faster, more secure, and user-friendly for users to deposit funds for investments.

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Credit Card Vaulting Services: Advantages, Details & Overview

Basis Theory

Increase your security by storing credit card data within a programmable token vault. Explore credit card vaulting services with this post.

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Mike Elliff Joins Chargebacks911 as Chief Revenue Officer and CEO of EMEA

Fintech Finance

Leading disputes technology platform Chargebacks911 announced today the appointment of fintech heavyweight Mike Elliff as Chief Revenue Officer, CEO of Europe, Middle East and Africa (EMEA), and board member. With over 30 years of banking and payments experience, Elliff has a strong track record of innovating and building intrapreneurial ventures and high-growth businesses while at NatWest Group and JP Morgan Chase.

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Lawmakers push for crackdown on fintechs

Payments Dive

Two U.S. senators demanded tighter regulations on BaaS and fintech partnerships, saying they pose “a broader threat to the stability of our banking system and the economy.

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How to Select the Perfect Payments Partner: 7 Keys for Sustainable Growth

Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms

Join Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms for an informational webinar about how to select the ideal payments provider for your platform! This session highlights the 7 key criteria for assessing payments partners and maximizing the value of your investment. From evaluating technology and business development programs to understanding support and compliance, this webinar will equip you with a comprehensive evaluation framework and strategy for

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Apple turns on support for Tap to Cash NFC peer-to-peer mobile payments

NFCW

P2P: Tap to Cash enables users to send and receive Apple Cash by holding two iPhones together Apple Watch and iPhone users in the US can now use Apple’s Tap to Cash peer-to-peer money transfer service to transfer money to each other via NFC. The ability to use NFC to add a payment card to Apple Wallet is also being rolled out via a new Tap to Provision service.

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Block shuffles leadership, creates chief risk officer role

Payments Dive

Block will move several longtime executives into different positions and create a new role to address customer safety, the company said Monday.

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Revolut Prepares for 2025 India Launch, Targeting Affluent Consumers

Fintech News

Global neobank Revolut is preparing to enter the Indian market next year, setting its sights on affluent consumers in what is expected to be a major step in its global growth strategy, according to a report by the Financial Times. Recently, Abu Dhabi’s sovereign wealth fund, Mubadala, invested in Revolut, as part of a transaction that valued the company at $45 billion.

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Uzum Partners With Mastercard to Boost Financial Literacy in Uzbekistan

Fintech Finance

Uzum , the leading fintech and e-commerce ecosystem in Uzbekistan, has partnered with Mastercard on an education project to improve financial literacy in Central Asia’s most populous country. Uzum and Mastercard have launched two free online courses to help Uzbek consumers understand how to conveniently and safely use debit and credit cards. This is one of the first initiatives aimed at increasing the popularity of digital payments and fintech in the region.

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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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India’s Digital Payment Revolution: A Decade of Unprecedented Growth

Fintech News

India’s digital payment landscape has seen remarkable growth over the past decade. According to a recent report by PwC India, retail digital payments have surged 90-fold over the last 12 years, with transaction volumes expanding at an impressive annual rate of 40%, while the value of these transactions increased by 35% each year. This impressive growth has been driven by various factors, the report says, including the swift expansion of digital infrastructure, the widespread popularity of the Un

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Apple launches Affirm BNPL option

Payments Dive

Apple Pay customers can now use their iOS 18 phone or iPadOS 18 to access Affirm buy now, pay later options, including some that don’t charge interest.

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Google Wallet to add support for digital passports

NFCW

GOOGLE WALLET: Support is being added for passports, more State IDs and additional transit services “Starting soon, we’ll begin beta testing a new type of digital ID in Google Wallet, giving more people in more places a way to create and store a digital ID, now with a US passport,” Jenny Cheng, Google Wallet’s VP and GM, has revealed. “People are increasingly looking for ways to digitize everyday items — with one of the top requests being a digital ID,” Cheng explai

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Globant Acquires Blankfactor to Strengthen Its Payments, Banking, and Capital Markets Practice in the US

Fintech Finance

Digitally native technology services company, Globant acquires Blankfactor , a U.S. based IT services consulting firm specialized in Payments, Banking, and Capital Markets with a successful track record across the Financial Services industry and extensive experience in card issuing, merchant acquiring, and securities finance. The company specializes in delivering consulting-led product engineering, data engineering, and enterprise AI solutions.

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Provide Real Value in Your Applications with Data and Analytics

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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Orb founders grew so frustrated dealing with billing at Asana, they built their own billing software

TechCrunch Fintech

Billing might not be something that the average person thinks about on a regular basis. But for companies — particularly those in the business of selling software — it’s massively important. They rely on billing systems to ensure that customers pay on time and have a range of ways to pay. The trouble is, configuring […] © 2024 TechCrunch.

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PIMFA WealthTech opens applications for cyber security Tech Sprint

Finextra

PIMFA WealthTech, the market network and technology platform that brings the FinTech and wealth and investment management sectors together has today (17 September 2024) launched their latest focused Tech Sprint on Cyber Security.

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Krungsri Empowers Thai Businesses to Expand into ASEAN with Strategic Partnerships

Fintech News

Krungsri (Bank of Ayudhya PCL) is enhancing its support for Thai businesses expanding into ASEAN through a new Memorandum of Understanding (MoU) with MUFG and three partner banks: Bank Danamon in Indonesia, VietinBank in Vietnam, and Security Bank in the Philippines. The agreement aims to streamline business growth by offering coordinated assistance for Thai companies entering new regional markets.

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JPMorgan explores taking over Apple card that Goldman wants to ditch

Bank Automation

JPMorgan Chase & Co. is in discussions with Apple Inc. about taking over a credit card portfolio that rival Goldman Sachs Group Inc. has been trying to ditch. The biggest US bank is among a slew of credit-card issuers that have explored taking over the Apple card, according to a person familiar with the matter. […] The post JPMorgan explores taking over Apple card that Goldman wants to ditch appeared first on 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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ID-Pal and CLOWD9 Enter Global Strategic Partnership to Revolutionise Payment Processing

Fintech Finance

ID-Pal and CLOWD9 are delighted to announce their global strategic partnership to enhance secure and efficient identity verification processes in payment processing, by offering ID-Pal’s AI-powered technology as part of CLOWD9’s innovative payment solutions portfolio. CLOWD9, a B-Corp certified issuer processing platform, sits at the centre of the global payments system, acting as the interface between banks, FinTechs and payment firms to authorise transactions and initiate payments,

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Standard Chartered invests in crypto-asset platform One Trading

Finextra

Standard Chartered's investment arm, SC Ventures, has joined a funding round for European crypto-asset exchange One Trading.

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Affirm Live When Checking Out Online or In-App with Apple Pay

Fintech Finance

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, announced that Affirm is now available to eligible users checking out online and in-app with Apple Pay on iPhone and iPad. Starting today, Apple Pay users in the U.S. can request to pay over time with Affirm, splitting eligible purchases into biweekly or monthly payments for as low as 0% APR.

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CommBank builds AI Factory with AWS

Finextra

Commonwealth Bank of Australia has teamed up with Amazon Web Services to launch an inhouse 'AI Factory' with the aim of accelerating the adoption of Generative AI.

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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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How Citizens is prepping for open banking

Bank Automation

Citizens Bank is investing in its API infrastructure, migrating operations to the cloud and teaming up with vendors to ready its operations for impending open banking regulations expected to be finalized in the United States in the fall. “We have been investing in this for over three years,” Michael Ruttledge, chief information officer and head […] The post How Citizens is prepping for open banking appeared first on Bank Automation News.

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Major Retail Banks in Singapore to Adopt Singpass Face Verification Soon

Fintech News

Major retail banks in Singapore will progressively implement Singpass Face Verification (SFV) over the next three months in a concerted effort to bolster security against phishing scams. This move, announced by the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) , aims to enhance the digital token (DT) setup process for retail banking customers.

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Xalts and Avalanche Combine Efforts to Help Financial Institutions Build Digital Asset Platforms

The Fintech Times

Singapore-based fintech Xalts is joining forces with smart contracts platform Avalanche , in a move to support financial services, governments, and other enterprise developers in building digital asset platforms for implementing blockchain, tokenisation, and smart contract applications. Xalts explained that, through its partnership with Avalanche, it will provide out-of-the-box solutions for various use cases such as the tokenisation of funds, securities, commodities and trade finance assets, di

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MoneyLion Taps TransUnion to Personalize Offerings

Finovate

MoneyLion will integrate TransUnion’s data and credit solutions into its hosted enterprise credit-decisioning platform and direct-to-consumer finance tools. Leveraging TransUnion’s data will help MoneyLion deliver more personalized and relevant financial offers, and ultimately improve the user experience. TransUnion also offers marketing, fraud, risk, and advanced analytics tools.

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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.