Fri.Jun 21, 2024

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KPMG Law Partners with Shieldpay as Payments Provider

Fintech Finance

Shieldpay , the payments partner for the legal sector, is working with KPMG Law UK (part of KPMG LLP) to provide payments services for its high value, complex client transactions. Shieldpay has been supporting KPMG Law’s corporate clients as an escrow and paying agent provider for corporate and M&A deals since 2020. Following the success of this relationship, built through working on numerous deals with KPMG Law’s UK corporate teams, Shieldpay has been selected to support KPMG Law’s corporat

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Contactless payment transaction values to double by 2029

NFCW

Adoption of softPOS payment solutions by smaller businesses will drive a 113% increase in contactless payment transaction values by 2029, Juniper Research predicts. The growth will see global transaction values rise from US$7.4 trillion in 2024 to US$15.7 trillion in 2029. “The launch of softPOS systems, where contactless payments can be accepted using a compatible smartphone, is breaking down cost barriers to small and micro-merchants’ adoption of contactless payments, increasing ac

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MECCA and Adyen Join Forces to Power a Seamless Payments Experience with Enhanced Security

Fintech Finance

Adyen (AMS: ADYEN), the global payments platform of choice for many of the world’s leading companies, has announced its partnership with MECCA , Australia’s largest prestige beauty retailer. To cater to its fast-growing customer base in-store and online, MECCA has chosen Adyen to streamline payments, amplify customer experience, and enhance fraud protection capabilities.

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Fiserv hires former JPMorgan executive

Payments Dive

Takis Georgakopoulos worked for JPMorgan for 17 years before he departed earlier this month, and landed at the mega-processor as an advisor.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

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

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PayPal Names Srini Venkatesan as Chief Technology Officer

Fintech Finance

PayPal Holdings, Inc. (NASDAQ: PYPL) has announced the appointment of Srini Venkatesan as Chief Technology Officer (CTO), effective June 24, reporting to PayPal President and CEO Alex Chriss. In this role, Venkatesan will lead the development and implementation of technology across the entire PayPal ecosystem, including analytics and data science, artificial intelligence (AI) and machine learning, information security, infrastructure operations, and product engineering. “Srini is a seasone

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Amex to buy Tock for $400M

Payments Dive

American Express said it will buy the reservation platform Tock from website builder Squarespace to buttress its dining digital services.

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More Trending

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Rain plans to raise more capital

Payments Dive

The earned wage access provider seeks to raise $50 million, said its CEO, who is rooting for increased regulation of the industry.

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FIs tap quantum computing for payments security

Bank Automation

Financial institutions are exploring the use of quantum tech to optimize operations within payments and security. Quantum technology can make payments safer through cryptography and by providing secure communications, Lily Varon, principal analyst at think tank Forrester, told Bank Automation News.

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PayPal fills CTO position with former Walmart exec

Payments Dive

Former Walmart EVP Srini Venkatesan will replace Archie Deskus, who joined the payments firm in 2022.

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Finovate Global Mexico: A Fundraising Unicorn and Open Finance’s Contribution to Financial Inclusion

Finovate

This week’s edition of Finovate Global looks at recent fintech developments in Mexico. Mexican digital payments and commerce enablement platform Clip announced a major investment this week. The company, which offers a suite of payments and other financial services solutions to small and medium-sized businesses in Mexico, has raised $100 million in new funding.

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15 Modern Use Cases for Enterprise Business Intelligence

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?

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Citi launches real-time funding solution to keep up with RTP adoption

Bank Automation

Citi added to its treasury product portfolio this week with the launch of Citi Real-Time Funding to help business clients keep up with liquidity needs in an automated fashion.

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Cybercrime Research Centre Led by Flutterwave to Launch in Nigeria to Combat Internet Crime

The Fintech Times

Cybercrime is not only a threat to organisations, but a threat to society as it can entice young people to go down a dark path. Both firms and governments across the globe have a duty to do all they can to intensify the fight against internet crime and looking to do so in Nigeria, Flutterwave , the African paytech, has partnered with Nigeria’s Economic and Financial Crimes Commission (EFCC).

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Uzbek mobile bank TBC secures $10m credit from impact investor responsAbility

Finextra

TBC Bank aims to expand its microlending business and promote financial inclusion in Uzbekistan, Central Asia’s largest country by population.

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Revolut: Social Media is a Key Enabler of Fraud, as Gen-Z and Millennials Caught Out Most Often

The Fintech Times

The idea that the younger generations are much less likely to fall victim to fraud than their older counterparts could well be a massive misconception – with the opposite potentially being true – Revolut , the global fintech boasting over nine million UK customers and 40 million globally, has warned. While Revolut revealed as much as 76 per cent of customers in the UK believe that fraud is easy to identify, a huge number continue to fall victim to cybercriminals every day.

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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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AmEx to buy restaurant reservation platform Tock

Finextra

Squarespace (NYSE: SQSP), the design-driven platform helping entrepreneurs build brands and businesses online, today announced an agreement to sell Tock, the reservation, table, and event management technology provider, to American Express (NYSE: AXP) for $400 million.

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Ecommpay Shows Desire For Greater Inclusion With Project Nemo Partnership

The Fintech Times

Project Nemo , a newly announced initiative which works with disability champions and service providers to educate the world on how the financial industry can be more inclusive is being supported by Ecommpay , the payments solutions provider. Project Nemo will receive this support throughout its 12-month campaign as the initiative led by Joanne Dewar , industry champion and former fintech CEO, looks to connect disability inclusion experts with fintech decision-makers.

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Machine learning startup Innzpira launches in the UK

Finextra

Innzpira, a pioneering company in Predictive Psychology© and machine learning, announces a solution designed to revolutionise how banks and financial institutions assess client risk aversion. This innovative approach enables financial entities to offer tailored products that align perfectly with the comfort levels and preferences of their clients, enhancing customer satisfaction and financial outcomes.

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Unlimit Looks to Ease Tuition Payments in Brazil, Leveraging PIX Online Bank Transfers

The Fintech Times

Global fintech firm Unlimit is joining forces with Convera , an FX payments firm, to bolster its ‘GlobalPay for Students’ platform and simplify tuition payments for students in emerging markets. Initially kicking off in Brazil, the partnership will see Convera leveraging the comprehensive alternative payment method (APM) portfolio of Unlimit, in an effort to ease payment of cross-border tuition fees via the GlobalPay for Students platform using PIX.

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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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Moneyhub appoints senior hires

Finextra

Moneyhub, the market-leading data and payments platform, continues its growth trajectory as it announces three new senior hires within its Personal Finance Technology (PFT) and Decisioning teams. This latest announcement follows a year of significant growth for Moneyhub, with high demand for its Open Finance solutions from new clients such as Scottish Widows, Standard Life and Voxi by Vodafone.

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PensionBee Reveals 55% to Be Excited About the New Government Reviewing the Pensions System

The Fintech Times

In recent times, 35 to 44-year-olds have demonstrated the weakest pension confidence over the past six months according to PensionBee ‘s Retirement Confidence Index. As a result, the incoming government must review the pensions and retirement savings system to instil more confidence. This is the view of 87 per cent of respondents in a PensionBee survey, with 92 per cent of 35 to 44-year-olds supporting it.

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PayPal leads $20m round for Gynger

Finextra

Gynger, the first embedded financing platform for technology purchases, announces that it has raised $20 million in Series A funding, led by PayPal Ventures, with participation from Gradient Ventures, Velvet Sea Ventures, BAG Ventures and Deciens Capital.

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STET and ACI Worldwide Cement Strong Partnership Processing 50Million Cross-Border Payments in 2023

The Fintech Times

Since 2017, STET , the European clearing and settlement systems (CSM) and ACI Worldwide , the real-time payments software provider, have been working together to offer seamless, instant payments across the Single Euro Payments Area (SEPA). Seven years into the partnership, the firms have reached a new record high as over 35 billion transactions were completed in 2023.

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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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Revolut seeks $40bn valuation through share sale – FT

Finextra

Revolut is aiming to become the most valuable start-up in Europe with a target valuation of $40 billion, the FT reports.

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How to Calculate Liabilities on Your Balance Sheet: In-Depth Guide

EBizCharge

When evaluating your company’s balance sheet, you may wonder if your business is on shaky ground or has solid financial footing. Looking at components like liabilities is crucial in determining this standing, as they represent what your business owes. From loans and mortgages to money owed to suppliers, it’s essential to grasp what liabilities entail before diving into their calculations.

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Fiserv hires former JPMorgan payments chief Georgakopoulos

Finextra

Fiserv has appointed former JPMorgan Chase global head of payments Takis Georgakopoulos as a senior advisor, EVP and member of the management committee.

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Revolutionize Your Business with Payments-as-a-Service

Paystand

In businesses' constant search for the best ways to enhance operations and maintain customer satisfaction, Payments-as-a-Service (PaaS) stands out as a game-changing technology in payment processing. It grants businesses a suite of payment solutions without building and maintaining new systems.

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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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Verituity raies $18.8m for payout platform

Finextra

Verituity, a leading provider of intelligent, verified payouts solutions, announced the successful close of an $18.8 million funding round led by Sandbox Industries and Forgepoint Capital with the participation of Ardent Venture Partners and MTech Capital. Chris Zock, Managing Partner and Co-CEO of Sandbox Industries, will join Verituity’s board of directors.

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Adyen Brings Near-Instant Settlements to SumUp Clients

Finovate

SumUp and Adyen have joined forces to bring faster payouts to small-to-medium sized enterprises (SMEs). The partnership will help SumUp offer more of its SME clients access to funds within minutes of a sale. Faster access to funds will help reduce SMEs’ reliance on large working capital reserves and will improve their cash flow. Payment acceptance company SumUp and payments technology company Adyen have joined forces this week to offer near-instant settlements to more small and micro merch

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Apix and Emirates NBD to nurture fintech talent

Finextra

Apix has announced an exciting partnership with Emirates NBD, the leading bank in Dubai, as part of the Emirates NBD Graduate Emiratisation Program (RUWAD), APIX will be hosting two talented UAE Nationals at their Singapore headquarters for up to a year.

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How to Win Chargeback Disputes

Clearly Payments

Winning chargeback disputes is important for merchants because chargebacks take time to deal with and lead to financial losses and increased processing fees. Here’s a guide to help merchants navigate and win chargeback disputes in credit card processing. What is a Chargeback? A chargeback occurs when a cardholder disputes a transaction and requests a refund from their bank.

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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.