Wed.Nov 29, 2023

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PayPal tackles chargeback fraud

Payments Dive

PayPal is attacking illegitimate customer returns with new policies after a rise in e-commerce activity has fueled that type of fraud across the industry.

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How to Reduce Involuntary Churn

Basis Theory

In any subscription business, there is inevitably churn - subscribers who end their contract and move on. There is, however, a difference between those who choose to end their relationship (voluntary churn) from those who stumble into it (involuntary churn). The involuntary churn demographic generally slip out of the merchant’s grasp for maddeningly simple reasons - often a problem with payment, like an expired card, an exceeded card maximum, or hard declines following fraud attempts on a card t

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Streamlining Loan Approvals with Automated Credit Underwriting Software

Finezza

Recently, the RBI’s June Financial Stability Report revealed that retail loans in the Indian banking sector experienced an impressive compounded annual growth rate (CAGR) of 24.8% between March 2021 and 2023. A pivotal reason for this growth is the ongoing transformation of the traditional and time-consuming manual loan approval process, driven by the adoption of automated […] The post Streamlining Loan Approvals with Automated Credit Underwriting Software appeared first on Finezza B

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Apple seeks to end Goldman Sachs credit-card partnership: reports

Payments Dive

The proposed winddown would entail the entire consumer partnership, including the savings account that was rolled out this year, sources told The Wall Street Journal.

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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 to Understand Your Profit and Loss (P&L) Statement

Stax

Small and medium-sized businesses (SMBs) often fall into a unique financial management situation. Many are too small to have thorough financial reporting practices in place, but they’re also too big to make sense of their financial data without accurate reporting. In the United States, 41% of small business owners manage their own accounting and financial processes.

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PayAlly Named as the 19th Fastest Growing Company on London’s 2023 Fast Growth 50 index

The Payments Association

PayAlly has been recognised as the 19th fastest-growing business in London. This is part of the Fast Growth 50 index for 2023, which identifies the fifty fastest-growing companies across six nations and regions, including London. This achievement underlines PayAlly’s significant impact on London’s economy and its capacity for growth and innovation.

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Transactions: Alkami, Finastra, Temenos Q3 wins

Bank Automation

Technology providers Alkami, Finastra and Temenos all brought on new financial institution customers in the third quarter as demand for cloud-based solutions and digital banking rose. “Digital banking is an essential product now for a financial institution.

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Luxembourg to trial digital identity wallet as part of EU pilot

NFCW

EGOVERNMENT: Luxembourg’s EUDIW pilot includes support for qualified electronic signatures EGOVERNMENT: Luxembourg’s EUDIW pilot includes support for qualified electronic signatures EGOVERNMENT: Luxembourg’s EUDIW pilot includes support for qualified electronic signatures Luxembourg’s Ministry for Digitalisation and Government IT Centre (CTIE) are to test a digital identity system that allows multiple official documents to be stored and exchanged across four use cases as part o

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What’s next for Apple Card: Fintech or traditional FI?

Bank Automation

Apple and Goldman Sachs are parting ways on the Apple Card and the tech giant will be in the market for a new issuer — and whether that’s a traditional financial institution or card-issuing fintech is the question now.

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Black Friday orders through Klarna jump nearly 30%

Payments Dive

As consumers feel the pinch of inflation, some are turning to installment payment services to stretch their budgets.

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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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Founders Series: Five Conversations on Funding Strategies for Fintech Startups

Finovate

The Fintech Founders series, presented by our sister publication Fintech Futures, features fintech and financial services veterans sharing their insights and experiences on a range of topics important to businesses in our industry. Today we share five conversations on fintech funding featuring our panel our fintech experts. As part of our Funding Series of discussions, our panelists talk about issues such as: bootstrapping versus external funding, finding the right investment partners, the impor

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Bridging the Gap: A Collaborative Approach to Blockchain & Crypto Partnerships with Shayaan Khanna…

Wharton Fintech

Bridging the Gap: A Collaborative Approach to Blockchain & Crypto Partnerships with Shayaan Khanna at Mastercard As recently as 2022, it seemed as though blockchain and cryptocurrency companies were about to reshape large swathes of the global financial sector right away. However, macroeconomic shifts and company-specific missteps have spurred heated discussion around whether blockchain will transform the internet, global commerce and financial services.

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Document Approval Workflow: A Complete Guide

Nanonets

Introduction In the fast-paced world of modern business, document approval processes are paramount. These processes, which encompass the review, modification, and finalization of documents, are critical in ensuring that business operations run smoothly and adhere to necessary compliance standards. These processes impact everything from internal communications and contract negotiations to financial reporting and project management.

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Is Machine Learning the Ultimate Weapon Against Financial Fraud?

Finextra

The financial sector is anticipated to experience a notable surge in fraudulent activities, leading.

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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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LAB Group partners with SuperGuardian

The Paypers

Australia-based regtech and onboarding provider LAB Group has entered the SMSF administration vertical by partnering with SuperGuardian for automated digital onboarding.

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Why Merchants Are Opting for Litecoin Payments

CoinRemitter

Litecoin has gained significant popularity among merchants. They have always looked for an efficient, secure, and cost-effective payment solution, and Litecoin has stood as a viable option. According to Bitinfocharts, the world witnesses over 6000 Litecoin transactions per hour, which is quite impressive. Let’s discuss all the key reasons why Litecoin is one of the most favorite cryptocurrencies for making crypto payments : Speedy & Inexpensive Transactions Enhanced Privacy & Security La

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Paysend raises USD 65 million in funding round

The Paypers

UK-based Paysend has announced the raise of a USD 65 million in funding round, aimed at its development process and improvement of cross-border payments tools.

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Ronaldo hit with class action suit over Binance promotion

Finextra

Cristiano Ronaldo has been hit with a $1 billion-plus class action lawsuit over his promotion of an NFT collection with controversial crypto exchange Binance.

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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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Brighty App launches EU payment platform

The Paypers

Switzerland-based Brighty App has launched Brighty Business, its European B2B payment platform, to simplify financial operations management for businesses.

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Symphony and Google launch AI-based JV for phone calls

Finextra

Regtech provider Symphony is drawing on the generative AI capabilities of Google to develop a service to ensure banks' voice calls are compliant.

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XXImo to process payments entirely through AWS Cloud

The Paypers

Corporate mobility payments platform XXImo has announced that it is going all-in on Amazon Web Services as an EU Visa card issuer to process payments entirely through the AWS Cloud in Q1 2024.

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MAS chief rubbishes private crypto in speech

Finextra

Private cryptocurrencies have failed the basic test of digital money and are likely to be in decline in the near future

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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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TrueLayer partners with Lendable

The Paypers

UK-based TrueLayer has partnered with Lendable to integrate its Account Information Services (AIS) and Variable Recurring Payments (VRP) products into the latter’s financial ecosystem.

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Morning Consult Holiday Credit Card Rewards Usage Summary

Electronic Payments Coalition

The post Morning Consult Holiday Credit Card Rewards Usage Summary appeared first on Electronic Payments Coalition.

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PayGround secures USD 19.7 million in funding

The Paypers

Healthcare fintech payment platform PayGround has announced that it secured USD 19.7 million in oversubscribed Series A financing led by SixThirty.

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Sift launches its Fraud Industry Benchmarking Resource

The Paypers

Sift has launched its Fraud Industry Benchmarking Resource, a free online tool that allows customers to access fraud metrics across multiple regions and industries.

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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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Webexpenses partners with Wise Platform

The Paypers

UK-based Webexpenses has partnered with Wise Platform , Wise ’s infrastructure solution for banks and enterprises, to provide same-day expense reimbursement.

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UK fintech Dojo secures an EMI licence in Ireland

The Paypers

UK-based Dojo , a trading name of Paymentsense Ireland Limited, has been granted its e-money licence (EMI) from the Central Bank of Ireland.

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BHMI and NCR Atleos partner to offer transaction processing software

The Paypers

Banking solutions provider NCR Atleos has made a reseller agreement with payments software company BHMI to resell the latter’s Concourse Financial Software Suite.

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Keyless separates from Sift, secures USD 6 mln in funding

The Paypers

UK-based fraud prevention company Keyless has departed from Sift and has secured funds to accelerate adoption of its biometric authentication solutions beyond Europe.

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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.