Mon.May 20, 2024

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Unearned Revenue: What it is and What it Means for Subscription Businesses

Stax

When can revenue NOT be counted as revenue? If this question is confusing, you’re not alone. The concept of unearned revenue can easily trip up SaaS companies that offer subscription services and products on a recurring basis. Unlike when selling ordinary products, you cannot recognize the revenue earned from a subscription all at once. Although your business has received payment, this cannot be credited to your bottom line until delivery of the product is completed.

Accounts 167
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Chase for Business approaches innovation in phases

Bank Automation

JPMorgan Chase considers customer needs, competition and time to market when approaching product launches for small-business clients. “We really try to keep the small-business owner at the center of all of that innovation process at Chase for Business,” Jameson Troutman, head of product for small business at JPMorgan Chase, told Bank Automation News.

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10 Upcoming Fintech Webinars to Attend

Fintech News

The COVID-19 pandemic led to restrictions on physical gatherings, prompting businesses to swiftly move their marketing activities to online platforms and bringing webinars into the spotlight. These virtual events became vital for maintaining business continuity, serving as a means for internal meetings and connecting with clients and audiences. Webcasting and virtual event platforms like ON24 witnessed a remarkable surge, reporting a 167% increase in webinar hosting activities.

FinTech 124
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Examining the PSR’s priorities in 2024 and beyond

The Payments Association

The Payment Systems Regulator (PSR) highlights the need for improved governance and collaboration to drive innovation and address regulatory challenges in the UK's payments industry Read more

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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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How Will You Create the Next Generation Customer Experience?

Finovate

Today’s customers want personalized experiences, but how can companies drive meaningful one-on-one connections at scale ? Data wins! Handled correctly, well-orchestrated data reaches customers the way they want to be reached: fast and seamless while facilitating loyalty and trust. The next generation customer experience is made easier with LeanData, the leading Revenue Orchestration platform.

Duplicate 117
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JPMorgan Chase to allocate £40 million into funding underserved communities in the UK

Finextra

Today JPMorgan Chase expanded its commitment to the United Kingdom by announcing £40 million in new investments over five years to help connect young people and underserved communities to economic opportunities – bringing the firm’s total commitment since 2019 to £90 million.

More Trending

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Sorry Cash App, Gen Z still wants bank branches

Payments Dive

Young consumers are open to using the peer-to-peer payments app as their primary bank, but many say they won’t switch because they value having a physical branch.

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Business travel company Ayruu and Edenred Payment Solutions revolutionise travel expenses with embedded payments

The Payments Association

Ayruu has partnered with Edenred Payment Solutions to use virtual cards for streamlined B2B payments across France and Europe, enhancing payment efficiency, security, and cash flow management

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Online merchants have a PayPal problem

Payments Next

The platform’s weakened protections leave sellers newly vulnerable to friendly fraud By Roenen Ben-Ami, Co-founder & Chief Risk Officer, Justt.ai PayPal has been around since The post Online merchants have a PayPal problem first appeared on Payments NEXT.

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Guide to Credit Card Processing for Restaurants

National Processing

You already know that the restaurant business is as tough as any industry. So why not give yourself all the advantages you can? That is the goal of this restaurant credit card processing guide. Here’s a little bit of what we will cover: (POS) point-of-sale systems for restaurants The best credit card processors for restaurants […] The post Guide to Credit Card Processing for Restaurants appeared first on National Processing.

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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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‘The Beginning of AI’ and Embedded Finance: In Conversation With Visa at the Dubai FinTech Summit

The Fintech Times

Earlier this month, The Fintech Times attended the second edition of the Dubai FinTech Summit , to catch all of the emerging industry trends across the Middle East. During the two day event in Dubai, we sat down with Vanessa Colella , global head of innovation and digital partnerships at Visa , to get her takes on some of the biggest topics currently gripping the world of finance.

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April 2024 Changelog

Basis Theory

April brought showers of updates and enhancements to the Basis Theory Platform, from automatic account updater, to full-featured test tenants, and forwarding APIs.

API 88
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Financial crime compliance – FCA consultation on changes to its Financial Crime Guide

The Payments Association

On 25 April 2024, the FCA proposed significant updates to its Financial Crime Guide, aiming to enhance clarity and compliance for financial and cryptoasset firms.

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Payarc to adopt AI with AWS

Finextra

Payarc, a leader in innovative payment processing solutions, announces it is working with Amazon Web Services (AWS) to enhance business intelligence for its clientele. Leveraging AWS machine learning, generative artificial intelligence (gen AI), analytics, security, and business intelligence technologies such as Amazon Macie, Amazon SageMaker, Amazon Redshift, data lake Foundation on AWS, Amazon QuickSight, Amazon QuickSight Q, and Amazon Q, Payarc aims to redefine financial data analysis in the

AI 98
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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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Visa Unveils Diverse Cohort for 2024 Asia Pacific Accelerator Programme

Fintech News

Payments giant Visa has unveiled the participants of its 2024 Accelerator Programme, featuring a diverse group of startups from around the globe, including female co-founders. The programme aims to develop innovative payment solutions by integrating these startups’ technologies with Visa’s products. This year’s cohort includes iPiD from Singapore, which focuses on making cross-border payments easy and secure through an addressing data platform that partners with financial servi

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Fed plays crucial role in payments standard-setting

Payments Dive

Federal Reserve Governor Christopher Waller last week underscored the central bank’s role for setting standards in the rapidly evolving payments arena.

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SEC tightens data breach response regulation

Bank Automation

The Securities Exchange Commission is setting stricter guidelines on how financial institutions deal with data breaches as cyberattacks climb. The SEC proposed amendments to its “Privacy of Consumer Financial Information and Safeguarding Customer Information” regulation, implemented in 2000, according to a May 15 fact sheet from the commission.

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How retailers are seeking to improve self-checkout

Payments Dive

Executives from Mashgin, Invenco and other firms recently discussed issues they face in using kiosks for self checkout, and how retailers can address them.

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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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Santander, Iberpay introduce global instant transfers

The Paypers

Spain-based Santander , in collaboration with Iberpay , has announced that it processed one of the first instant transfers based on the EPC’s OCT Inst scheme.

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JPMorgan says every new hire will get training for AI

Bank Automation

JPMorgan Chase & Co. is immersing every new banking employee in artificial-intelligence training, preparing them for a technology Chief Executive Officer Jamie Dimon has likened to the impact of the printing press and steam engine.

AI 78
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59 Digital Asset Firms Back CCI’s Urge to Members of the House to Vote in Favour of FIT 21

The Fintech Times

Over 60 organisations, including multiple associations, developers, start-ups, and the largest digital assets firms, have signed a letter of support for the ‘Financial Innovation and Technology for the 21st Century Act’ (FIT 21), which looks to protect American consumers, drive growth, foster financial inclusion, and mitigate risks to national security.

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GB Bank secures £85 million capital raise

Finextra

GB Bank, which specialises in funding property projects for SME property developers and investors, has secured £85m of additional capital from new investor Hera Holdings and existing shareholder the Teesside Pension Fund.

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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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Pine Labs Gets Singapore Court Approval to Shift Domicile to India

Fintech News

Pine Labs, a merchant commerce startup, has received the green light from a Singapore court to merge its local entity with its Indian unit. The fintech will merge its entities in both countries, effectively transferring all of its assets and operations to India. The shift is expected to bring numerous benefits to Pine Labs , including business synergies, economies of scale, cost savings, and a streamlined shareholding structure, according to the startup’s court filing obtained by TechCrunc

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Top 10 Arabic OCR Software in 2024 (Free & Paid)

Nanonets

Are you looking for Arabic OCR Software? Try Nanonets OCR for free. Trusted by 500+ enterprises to extract data from 30Mn+ documents. Start a free trial or request a callback. Try Nanonets OCR Schedule a Demo Need to extract Arabic text from documents so that it can be edited and stored? An Arabic OCR software can help you achieve just that. The Arabic language is written in a script that differs from the Western alphabet.

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New Study Highlights ‘Need for Regulatory Clarity’ in Digital Asset Sector, Says Nickel Digital

The Fintech Times

Institutional investors and wealth managers across the globe believe that their growing pressure on regulators is having a greater impact on the crypto space than recent high-profile developments, including the collapse of FTX ; according to new research by London-based hedge fund manager Nickel Digital Asset Management. Institutional investors and wealth managers across the US, UK, Germany, Switzerland, Singapore, Brazil and the UAE, which collectively manage around $816billion in assets, belie

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EBAday 2024: The keys to successful digitalisation

Finextra

Financial institutions need to transform their entire business and operating model to achieve bespoke and modular digital solutions while improving their profitability.

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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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BlueSnap Again Awarded High Performer Badge from G2

BlueSnap

G2, one of the most renowned and trustworthy platforms for software product reviews, has once again recognized BlueSnap’s Global Payment Orchestration Platform with a number of badges, including High Performer. G2 awards these badges based on authentic BlueSnap customer reviews of our products and what it is like to work with us. The post BlueSnap Again Awarded High Performer Badge from G2 appeared first on BlueSnap.

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Would you rather: Have your banking app track your location or lose your life’s savings to fraud?

BioCatch

We’re approaching a turning point where over the next few years regulation will require banks to refund customers where the scammer impersonates their bank, and at the same time will be required to process payments within 10 seconds – In stark contrast to the latest idea to slow payments down to a day or more.

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Revolut opens job recruitment tool to companies on LinkedIn

Finextra

Revolut has integrated its inhouse recruitment platform with LinkedIn, enabling companies to use the toolkit to manage their application and hiring processes direct from the business and employment-focused social media platform.

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Astound Digital and Shopify partner to augment retail commerce

The Paypers

US-based digital consultancy company Astound Digital has partnered with Shopify to improve customer experiences, reduce costs, and increase conversion rates for retail.

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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.