Tue.Jul 23, 2024

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Go Global: Introducing Privat 3 Money’s multi-currency account

The Payments Association

Privat 3 Money introduces a multi-currency account in collaboration with ClearBank, enabling seamless transactions in EUR, USD, CHF, and CAD under a single IBAN. Key features include simplified international transactions, user-friendly FX solutions, and API-driven technology for enhanced control. This service is ideal for travellers, online shoppers, and businesses navigating global markets.

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Tim Berners-Lee unveils data wallet

Finextra

Tim Berners-Lee is eying the next phase of the web as his company Inrupt launches a white-label "data wallet" that lets people store, manage and share their data.

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HSBC, SBF to Support Singapore Businesses’ Expansion to Key Trade Corridors

Fintech News

HSBC and the Singapore Business Federation (SBF) signed a Memorandum of Understanding (MOU) to help Singapore businesses explore growth opportunities in key trade corridors such as the Greater Bay Area, India, and the Middle East. The agreement aims to leverage HSBC ‘s global network and range of solutions to support local businesses in their sustainable transition and international expansion.

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FTC investigates 'surveillance pricing' based on customer data

Finextra

The Federal Trade Commission is investigating how companies including Mastercard and JPMorgan Chase use AI and personal data for services that let firms set different prices for different people.

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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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Paynetics has been selected for TechRound’s FinTech 50 list for 2024!

The Payments Association

Paynetics has been selected for TechRound's FinTech 50 list for 2024, recognised for its innovative Embedded Finance solutions that seamlessly integrate payments into business offerings.

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MIntos expands to Portugal

Finextra

Following its successful entrance in other EU nations, Mintos, the multi-asset investment platform offering a unique mix of alternative and traditional investment options, continues its European rollout by making its official debut in the Portuguese investment market.

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ANEXT Bank’s Losses Up Nearly 10%, Revenue Surges Almost 700% in 2023

Fintech News

ANEXT Bank, a digital wholesale bank based in Singapore and a subsidiary of Ant International, experienced a near 10% increase in losses in 2023, even as revenue grew almost sevenfold, according to DealStreetAsia’s analysis of regulatory filings. In its annual return filed with Singapore’s Accounting and Corporate Regulatory Authority (ACRA), ANEXT Bank reported a nearly sevenfold surge in net interest income to S$22.2 million (US$16.5 million) in the financial year ending 31 Decembe

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Supercharging online sales with click-to-pay

The Payments Association

Embrace the Future of eCommerce with Click to Pay eCommerce is booming, yet many merchants struggle with cart abandonment due to cumbersome checkouts and security concerns. Click to Pay offers a seamless, one-click checkout experience that is both faster and safer, using tokenization to protect payment details. Thales' D1 platform ensures easy integration and compliance with evolving standards, helping issuers and merchants deliver a modern, trusted payment experience.

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FTC demands pricing input from Mastercard, others

Payments Dive

The Federal Trade Commission demanded information from eight companies, including the card network, to better understand how consumer data is being used in the pricing of products and services.

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Hex Trust Receives MAS’ Initial Approval for Crypto Payment Services License

Fintech News

Hex Trust, a Hong Kong-based digital asset custodian, announced it has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This license will allow Hex Trust to offer regulated Digital Payment Token (DPT) services in Singapore, including custody and OTC trading of DPTs. Hex Trust, which has had a dedicated office and team in Singapore since 2020, aims to meet the growing demand for compliant digital asset management solution

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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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Blackhawk Network to transition open-loop prepaid cards from plastic to paper-based materials

Finextra

Blackhawk Network (BHN) and Mastercard Announce Global Environmental Sustainability Initiative Mastercard, BHN transitioning open-loop prepaid cards supplied to third party retail networks from plastic to paper-based materials

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Financial Institutions Can Now Send Swift Payments Directly to E-Wallets via TerraPay

Fintech News

Payments infrastructure company TerraPay has announced that financial institutions can now send money directly to over 2.1 billion mobile wallets worldwide using their existing Swift connectivity. This development aims to enhance the cross-border payments experience for businesses and consumers. Payments initiated over Swift will reach TerraPay’s system efficiently and transparently from account to wallet, utilising Swift’s transaction tracking capabilities.

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The Search for Payment Page Perfection

Segpay

There’s been a lot of talk about changes to cross-sales and checkout pages. You’ve likely noticed that acquirers are actively pushing back on allowing merchants to offer a negative option, upsell, or cross-sell on payment pages. Our U.S. and many of our EU acquirers no longer support these additional sales. The bank will reject or decline the account even if we present a merchant with an existing biller payment form, a negative option, or an opt-out cross-sale on a payment page.

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Finastra Integrates CredAble to Boost Supply Chain Finance Capabilities

Fintech News

Global financial software provider Finastra has partnered with CredAble, a working capital finance platform, to enhance its Trade Innovation platform with a comprehensive supply chain finance offering. This collaboration aims to provide banks with an integrated solution that supports revenue growth, business expansion, and improved customer satisfaction by offering a wider range of financial services.

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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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TigerBeetle is building database software optimized for financial transactions

TechCrunch Fintech

After doing some consulting for Microsoft to develop protections against zero-day exploits, software engineer Joran Dirk Greef worked with Coil, a web monetization startup in San Francisco, to help build its payments infrastructure. At the time, Coil was using a traditional database to store and process transactions. But Greef had the insight that a specialized […] © 2024 TechCrunch.

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Nationwide joins Open Property Data Association

Finextra

Nationwide Building Society has followed in the footsteps of Lloyds Banking Group by joining the Open Property Data Association, backing efforts to bring a standardised approach to sharing digital data in the home buying process.

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FINOM Launches SEPA Direct Debit B2B Across Its EMI-Licensed Markets, Expanding Payment Options for European SMEs

Fintech Finance

FINOM , the leading European digital banking solution for SMEs and entrepreneurs, today announced the launch of SEPA Direct Debit B2B (SDD B2B) for its customers. This service is now available in all countries where FINOM provides local IBAN accounts through its own Electronic Money Institution (EMI) license. This new feature complements FINOM’s existing SEPA Direct Debit Core offering, providing a more comprehensive suite of payment options for businesses of all sizes.

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Requirements for Storing Credit Card Information on Paper

Basis Theory

PCI-DSS rules cover physical, as well as digital, storage of CC data. Learn how to meet the requirements here.

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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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Billie Integrates With Stripe, Making It the First B2B BNPL Solution Available on the Platform in Europe

Fintech Finance

Billie , the new standard for B2B payments and leading provider of Buy Now, Pay Later (BNPL) payment solutions for business customers is now available via Stripe. Throughout the summer, a select number of online shops and marketplaces selling to business customers in Germany, France, and the Netherlands will be able to test the new solution. Later on this year, any business running on Stripe’s financial infrastructure platform will be able to easily offer Billie’s Buy Now, Pay Later payment meth

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What is Net Revenue Retention and How to Calculate It?

The Finance Weekly

You're a business owner looking to expand your business by encouraging existing customers to spend more on your business. Let’s say you hand them out a loyalty card. Every time they buy something from your store, they rack up points. These points add up throughout the year, rewarding them with tokens from you. This is where Net Revenue Retention (NRR) comes into play.

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TerraPay Enables Financial Institutions to Send International Account-to-Wallet Payments Using Swift

Fintech Finance

TerraPay , a global money movement company, today announces that financial institutions can send money directly to more than 2.1 billion mobile wallets around the world using their existing Swift connectivity, enhancing the cross-border payments experience for businesses and consumers. Payments initiated by financial institutions over Swift will reach TerraPay’s system with speed and efficiency, and with end-to-end transparency from account to wallet, powered by Swift’s transaction t

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Amex benefits from young cardholders’ spending

Payments Dive

Gen Z and millennials are driving spending, sometimes as premium customers, to the benefit of the credit card company.

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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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Capco Appoints Anil Nanda as Partner and UK & Europe Head of Payments

Fintech Finance

Capco , the global management and technology consultancy, has appointed Anil Nanda as a new Partner and UK & Europe Head of Payments, based in London. In his new role, Anil joins the senior leadership team within Capco’s expanding UK and Global Banking & Payments (B&P) practice led by Tony Prestedge, Capco Partner and formerly Deputy Chief Executive at Santander UK.

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Open banking marks major milestone of 10 million users

Open Banking

Open Banking Limited (OBL) announced today that there are now 10 million consumers and small businesses regularly benefiting from using open banking technology. The milestone comes days after the Government committed to introducing a Smart Data Bill in the King’s Speech, which will unlock the full potential of open banking and expand smart data schemes into other economic sectors.

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ACI Worldwide Extends Strategic Partnership with Worldpay

Fintech Finance

ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments solutions, and Worldpay , a leading global provider of payment processing solutions, today announced an extension of their longstanding partnership. The agreement will see ACI continue to provide critical infrastructure to Worldpay to support merchants worldwide. Through ACI’s innovative, market-leading payments software solutions, Worldpay will continue to offer market-leading stability and payments acceptance

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Transactions: Visa, Temenos team up for global payments

Bank Automation

Financial technology provider Temenos will integrate money movement solution Visa Direct to its platform to provide banks with international money transfer capabilities. Visa Direct will allow Temenos’ bank customers to use cross-border payments like person-to-person payments, funds disbursements and bill payments.

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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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One Third of UK Adults Now Use Mobile Contactless Payments

Fintech Finance

UK Finance today releases its latest Payment Markets Report, produced in collaboration with Accenture , which shows payments trends for the UK in 2023 and gives forecast projections for the next decade. Key figures for 2023 The total number of payments made in the UK increased by five per cent to 48.1 billion Almost four out of ten (38 per cent) of all payments made in the UK during 2023 were contactless One third of UK adults were using mobile contactless payments at least once a month The numb

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Fed fines Green Dot $44M over prepaid cards

Payments Dive

The consent order has been expected since February, when Green Dot revealed that reasonable associated losses could total $50 million.

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Banks Improve Digital Payment Options and Expand Mobile App Services for Small Businesses

Fintech Finance

Keynova Group, the principal competitive intelligence source for digital financial services firms, today announced the results of its 2024 Small Business Banker Scorecard. Bank of America continues its winning streak in the annual benchmark that evaluates the online and mobile experience for small business customers of the top 11 national and regional banks that focus on small business digital banking.

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Third of Brits now use mobile contactless payments

Finextra

The total number of payments made in the UK increased by five per cent in 2023 with a third of Brits now regularly paying with a tap of their mobile phone, according to UK Finance figures.

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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.