Fri.May 10, 2024

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CFPB, DOT take aim at airline rewards

Payments Dive

The two agencies raised concerns that airlines and card companies could arbitrarily devalue points accrued in their joint rewards programs, amounting to a bait-and-switch for customers.

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US Elections: Stand With Crypto forms committee to support pro-crypto candidates

Finextra

Nonprofit pro-cryptocurrency group Stand With Crypto has formed a political action committee (PAC) to support candidates who are encouraging of cryptocurrency and blockchain developments in the upcoming US elections.

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Mastercard joint venture starts operations in China

Payments Dive

The collaboration with a Chinese entity began Wednesday, with processing of cards issued by banks in the country following years of preparations.

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US banks to struggle with climate risk data – Federal Reserve

Finextra

According to a climate scenario analysis by the Federal Reserve, American banks are set to experience challenges in predicting the impact of climate change on their loan books due data and modelling difficulties.

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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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Subscription Merchants: Payments Best Practices

Basis Theory

What are Subscription Companies? Subscription merchants are companies with a business model that involves customers paying a recurring fee to access products or services, often for a set period of time. The subscription is often set up as recurring monthly, quarterly, annually, or even dependent on usage.

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Wirex founder Pavel Matveev joins COCA Wallet

Finextra

COCA, the world's first MPC wallet with a non-custodial debit card, is excited to announce that Pavel Matveev, the Founder of Wirex, a leading Web3 money app, has joined its team as a Strategy and Product Advisor.

More Trending

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Revolut Unveils New Crypto Exchange for the UK; Combatting Existing ‘Regulatory Uncertainty’

The Fintech Times

Revolut , the global neobank and fintech boasting over 40 million customers worldwide, has launched ‘Revolut X’; a new stand-alone crypto exchange designed for professional crypto traders. Following the launch of the new crypto platform, Revolut hopes to compete with leading exchanges by offering easy on and off-ramping, and low fees. Its new crypto offering hopes to become the go-to financial app for crypto beginners and pros alike – by providing a safe and accessible place to

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3 drivers for AI integration at GM Financial

Bank Automation

GM Financial is looking to AI to streamline processes and boost customer experience, Chitra Herle, global chief information officer, said at Auto Finance Summit East 2024. The captive joins financial institutions including Deutsche Bank, Scotiabank, Citigroup and others integrating AI within their operations.

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British Business Investments Backs Beechbrook With £20Million Fund for UK SMEs

The Fintech Times

British Business Investments has increased its commitment to Beechbrook Capital, a direct lender focused on SMEs, with a new £20million separately managed account (SMA), to support SMEs in need of finance across the UK. British Business Investments, a subsidiary of the British Business Bank , aims to improve access to alternative finance for SMEs across the UK, while supporting the transition to a net zero economy – highlighted by its backing of Beechbrook.

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Nubank Exceeds 100 Million Customer Mark

Finovate

Nubank has surpassed 100 million customers, stating that it is the first digital banking platform outside of Asia to reach this customer milestone. Nubank serves 92 million customers in Brazil, over 7 million in Mexico, and close to 1 million in Colombia. In 2023, Nubank achieved record financial results, reaching more than $1 billion in net profit and over $8 billion in revenue.

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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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Pensions dashboards programme delayed due to digital skills shortage

Finextra

According to a recently released report from the National Audit Office (NAO), the UK government’s Pensions Dashboards Programme (PDP) has been delayed due to a lack of digitally skills and incapacity.

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Standard Chartered and C3 Prepare For Sixth Women in Tech Accelerator in the UAE

The Fintech Times

Standard Chartered has joined forces with UAE-based social enterprise C3 – Companies Creating Change , to launch the next cohort of the Women in Tech accelerator; fostering sustainable growth, and empowering women entrepreneurs within the UAE’s technology sector. The Standard Chartered Women in Tech accelerator provides female founders with a platform to help them unlock their potential, overcome obstacles, and expedite their business ventures.

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Bank of America emphasizes VR training for staff

Bank Automation

Bank of America aims to add 10 to 20 modules to its virtual reality training program every year to enhance employee training and improve information retention.

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Experian Launches Cashflow Attributes to Help Underserved Consumers Access Credit

Finovate

Experian launched Cashflow Attributes, a tool to offer lenders more data about underserved consumers. Cashflow Attributes offers lenders visibility into more than 900 consumer attributes that reflect consumers’ cashflow and affordability. Lenders can use the insights to aid in their underwriting decisions, drive more personalized experiences, and help improve financial management tools.

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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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Emirates and Tap Payments Enhance Travel Experiences and Growth Opportunities for SMEs

The Fintech Times

Emirates , one of the largest airlines in the world, and Tap Payments , the online payment gateway, are joining forces in an effort to introduce enhanced convenience, savings, and growth opportunities for small and medium-sized enterprises (SMEs) in the MENA region. Emirates and Tap Payments signed a memorandum of understanding (MoU) during the Arabian Travel Market , an international travel trade show, in Dubai, The partnership will look to combine Tap Payments’ payment products with Emir

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NetSuite Integrated Payments: Streamline Transactions & Enhance Efficiency

Paystand

NetSuite integrated payments are crucial for efficient processing within NetSuite. They empower businesses to streamline transactions, enhance customer satisfaction, and optimize financial operations. These gateways are essential to driving operational efficiency and accelerating cash flow.

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Fractal Launches Payment Processing Services; Hoping to Help Merchants Save Money on Fees

The Fintech Times

Fractal , a new fintech platform exclusively servicing SaaS companies, has launched new payment processing services in the US, with an aim to save merchants significant sums of money. Fractal explained that it hopes to compete directly with the likes of Stripe head-on by offering simpler service with up to 30 per cent savings – by reducing fees through unique lowest-cost routing.

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BlueSnap Appoints New CFO Brian Greenfield

Fintech Finance

Global payment orchestration platform for leading B2B and B2C businesses, BlueSnap appoints new CFO Brian Greenfield. He joins BlueSnap’s executive team to lead financial operations as the company prepares to embark on its next phase of growth. Greenfield has extensive experience in banking and private equity and brings more than twenty years of experience in both financial and senior executive leadership roles with global venture-backed companies across multiple industries.

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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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How Should Banks and Financial Service Providers Step Up Amidst Growing Climate Concerns?

The Fintech Times

While ‘green’ or climate-based initiatives seem to be everywhere, its often difficult to identify tangible progress when it comes to tackling climate change. Now, Tandem Bank , the UK-based digital bank offering sustainable ways to save, borrow and spend money, has published the latest instalment of its ‘Monthly Green Index’, revealing that while the picture for the UK’s climate transition is improving as more people take action (up 0.6 points to 109.6 in March), the ove

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Partnership with CompoSecure Supported Robinhood’s Gold Card Offering

Fintech Finance

CompoSecure , Inc. (Nasdaq: CMPO), a leader in metal payment cards, security, and authentication solutions, today announced its partnership with Robinhood Markets , Inc., and Fiserv that led to the creation of the premier Robinhood’s Gold Card, one of the most innovative payment card programs available today. “In combination with our ambitious card program, having a unique form factor was important to us to define what we consider an entirely new product category within the payment card ma

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Web Scraping for Market Research

Nanonets

In today’s highly competitive business landscape, staying ahead is a constant struggle for all organizations. To achieve this, businesses must be updated with the latest information about the market, customers, and competitors. Gathering information about any of these is known as market research.  Whether you are launching a new product or improving an existing one, market research is necessary to understand the market trend and user perception.

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What Is Plaid and Is It Safe to Use? Everything You Need to Know

Payment Savvy

Plaid has rapidly become a common platform for seamlessly sharing your financial data with trusted apps and services. Whether you’re using a budgeting app, investing platform, or peer-to-peer payment solution, chances are you’ve encountered Plaid. This powerful technology bridges the gap between your bank accounts and various digital financial tools.

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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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Linnovate Partners closes USD 40 Million funding commitment

Finextra

Linnovate Partners ("Linnovate"), a leader in asset servicing and fintech for the alternative investment industry, is pleased to announce the successful closure of USD 40 million funding commitment by SeaTown Private Capital Master Fund. SeaTown Private Capital Master Fund is managed by SeaTown Holdings International Pte. Ltd. ("SeaTown"), a leading Asia-focused alternative investments firm that is owned by Seviora, Temasek's asset management group.

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Reducing Online Shopping Cart Abandonment: 7 Best Practices

Payment Savvy

Cart abandonment is a major issue faced by ecommerce businesses. With almost 7 out of 10 shoppers abandoning their carts, online businesses face an uphill task to increase sales and profits. While it’s nearly impossible to eliminate cart abandonment, there are steps to reduce it. This guide contains those steps – and much more! Below are 7 best practices on how to reduce cart abandonment, thus increasing sales and profit for your ecommerce business.

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AI Squared acquires Multiwoven

Finextra

AI Squared, a leading technology provider for integrating information into web-based business applications, announces its acquisition of the world’s number one open-source Reverse ETL (rETL) company, Multiwoven. With this acquisition, AI Squared furthers its commitment to helping organizations simplify the movement of data and AI insights into business applications.

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EarnUp Empowers Lenders & Servicers to Accommodate Mortgage Text to Pay Capabilities

Fintech Finance

EarnUp , Inc., a financial wellness fintech company, announced that lenders and servicers will be able to use its platform to offer borrowers a convenient payment option: mortgage text to pay via debit card. This enhancement will mark a significant advancement of EarnUp’s award-winning platform, providing borrowers with greater flexibility and convenience in managing their mortgage obligations while also empowering mortgage companies to accommodate modern borrower payment preferences.

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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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What Is Shop Pay?

Payment Savvy

In the fast-paced world of e-commerce, where every click counts and every second matters, providing customers with a seamless checkout experience is absolutely necessary. One crucial aspect of achieving this goal is through the implementation of efficient and user-friendly checkout solutions. Enter Shop Pay – a game-changing checkout software developed by Shopify, designed to streamline the purchasing process and elevate the online shopping experience to new heights.

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Scottish Government Enlists Allstar to Support Vision for EV Charging

Fintech Finance

Allstar , one of the UK’s leading EV, fuel and business expense payment companies, has announced it is supporting the Scottish government’s EV initiative for an ideal public charging offering. Launching as the first business charging provider directly linked to ChargePlace Scotland the public EV charging network established by the Scottish Government, will open up the EV charging payments network to businesses that operate throughout Scotland, as well as the wider United Kingdom.

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How to Increase Ecommerce Checkout Conversion Rates in 8 Simple Steps

Payment Savvy

Are visitors adding items to their cart without checking out? Perhaps it’s time you review and increase your checkout conversion rates. While this may seem like a huge challenge, optimizing your checkout conversion rates is crucial for sales. A high checkout conversion rate means more visitors are buying your products or services, resulting in more sales and revenue for your business.

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Tradu launches crypto exchange

Finextra

Tradu, the powerful multi-asset trading platform, has launched a new crypto exchange with low, transparent fees tailored for active traders and investors seeking a trustworthy and secure platform for their crypto assets. From today, crypto traders can securely invest in over 40 coins including Bitcoin and Ethereum via Tradu’s multi-asset trading platform.

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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.