Thu.Oct 31, 2024

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Gaining Control of Transaction-Based Fee Structures

Payments Next

by Jim Merchant, Senior Program Director at BHMIFacing rising costs, competition, and complexity, many companies in the payments space are continually seeking The post Gaining Control of Transaction-Based Fee Structures first appeared on Payments NEXT.

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Streamlined Onboarding Announced for MPoC Labs

PCI Security Standards

The PCI Security Standards Council (PCI SSC) is pleased to announce a simplified onboarding process for laboratories seeking to conduct Mobile Payments on COTS (MPoC) evaluations and become MPoC-certified labs. This new streamlined approach removes previous barriers to entry while maintaining the Council’s rigorous security and quality standards.

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Confirmation of Payee reaches almost all transactions in the UK

Finextra

Confirmation of Payee in the UK has been extended to cover almost 99% of all transactions made through Faster Payments and Chaps after more financial firms implemented the fraud-fighting protocol.

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6 Asian Companies Recognized Among the World’s Most Promising in Cross-Border Payments

Fintech News

FXC Intelligence, a data platform specializing in the cross-border payment and e-commerce sectors, has released its annual selection of the world’s most promising cross-border payments companies in 2024. This year, the list spotlights six companies from Asia, recognizing them for their rapid growth, increasing market significance, and strong potential for future success.

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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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AI increases fraud risk, fintechs say

Payments Dive

Financial firms monitor for fraud by looking for unusual activity, but an artificial intelligence model can be trained to transact like a real person.

Risk 103
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ECB invites call for interest on the role of conditional payments in digital euro project

Finextra

The European Central bank has launched a call for expressions of interest in innovation partnerships for the digital euro.

More Trending

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Ecommpay and IMRG Study Finds Multiple Checkout Challenges and Limitations Create Barriers and Restrict Conversions

Fintech Finance

A new report from Ecommpay and IMRG , ‘eCommerce Checkouts: UK Retailers Reveal Their Checkout Strategy and Performance’ , has revealed the key checkout changes that could boost conversion rates. While the average conversion rate stands at 58%, there is a significant distance between rates for single-page (61%) and multi-page checkouts (56%) as well as between guest shoppers (52%) and registered customers (64%).

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Deutsche Bank invests in ID security firm Akeyless

Finextra

Deutsche Bank's Corporate Venture Capital (CVC) group has made a strategic investment in identity security firm Akeyless. Terms were not disclosed.

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emerchantpay Partners With Visa Acceptance Solutions to Expand Global Acquiring Capabilities and Technology Platform Integrations

Fintech Finance

emerchantpay , a leading global payment service provider and acquirer, is announcing today its collaboration with Cybersource, a part of Visa Acceptance Solutions. The relationship enables emerchantpay to expand its global acquiring capabilities and better serve the evolving needs of its merchants worldwide. The collaboration with Visa Acceptance Solutions expands emerchantpay’s global acquiring capabilities and extends its reach, while providing access to integrations with established techno

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Starling Bank bids to curtail bank impersonation scams with in-app call status feature

Finextra

Starling Bank has launched an in-app call indicator to protect customers from bank impersonation scams.

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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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Anti-Fraud Tool Confirmation of Payee Expanded to Hundreds of More Firms

Fintech Finance

Today, the Payment Systems Regulator (PSR ), marks another significant milestone in its fight to tackle fraud, as hundreds of additional financial firms adopt the name-checking service, Confirmation of Payee (CoP). This expanded rollout means that over 99% of all transactions made through Faster Payments and CHAPS are now safeguarded by this vital anti-fraud measure, offering consumers an important way to protect themselves from fraud.

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Financial Inclusion and Fintech Drive Bangladesh’s Economic Transformation

The Fintech Times

As Bangladesh emerges as a dynamic player in South Asia, its journey toward economic resilience and digital transformation stands out. Once among the poorest countries globally, Bangladesh now showcases a rapidly developing economy that is embracing digitalisation to expand financial access and foster inclusion. Home to over 174 million people, Bangladesh has made significant strides in economic development.

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FCA and PSR Boards Appoint New Chair to Decision-Making Committees

Fintech Finance

The FCA and PSR Boards have appointed Alison Potter as chair of the FCA’s Regulatory Decisions Committee (RDC) and the PSR’s Enforcement Decisions Committee (EDC). These 2 committees are responsible for taking certain regulatory decisions on behalf of the FCA and the PSR. Committee members are selected based on their ability to make independent decisions grounded in evidence and experience.

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Shift4 Enables Global Merchants to Accept Crypto Payments With New Launch

The Fintech Times

Shift4 , an integrated payments and commerce technology provider, has launched its new ‘Pay with Crypto’ offering, enabling merchants worldwide to accept cryptocurrency seamlessly for both e-commerce and POS. Shift4 merchants will be able to accept payments in a variety of cryptocurrencies from around the world, including Bitcoin , Ethereum, Solana, US Dollar Coin (USDC) and other major stablecoins.

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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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Lunar and Saldo Bank Forge Partnership to Transform Nordic Banking and Payment Solutions

Fintech Finance

Lunar , the fast-growing Nordic challenger bank, announces a strategic partnership with Saldo Bank , a leading fintech and banking provider. Saldo Bank is the first bank to leverage Lunar’s Nordic infrastructure, using its platform to streamline local payment processes and increase automation for their Swedish credit and deposit customers. The new partnership will enable Saldo Bank to gain access to Sweden’s local payment systems through a single API, enabling seamless transactions i

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Geidea Partners With tpay to Enhance Payments for Merchants in the Middle East, Turkey, and Africa

The Fintech Times

Saudi Arabia-based payment solution provider Geidea , is joining forces with tpay , a local payment connector, in a move to offer an integrated suite of payment methods to enhance the payment experience for merchants and consumers while driving financial inclusion across the region. Geidea and tpay plan to offer Direct Carrier Billing (DCB), card payments, and e-wallets , all accessible through a single aggregator.

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Thredd Launches Suite of Enhanced Compliance and Risk Services

Fintech Finance

Thredd , a leading next-generation global payments processor, today announced the launch of its suite of enhanced compliance and risk management services, designed to help fintechs, programme managers and their bank sponsors address heightened concerns through new tools designed to deliver greater efficiency, oversight and go to market speed at a better cost.

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Behind the Idea: Nuke from Orbit

The Fintech Times

As smartphones increasingly serve as gateways to banking, work and personal data, device theft now represents a much deeper risk than simple property loss. The rising number of phone and bag thefts, particularly in densely populated areas, exposes victims to financial fraud, data breaches, and even professional setbacks. While digital security has evolved, comprehensive solutions that can instantly counter these risks remain limited.

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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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Mollie and Hyvä Announce Strategic Partnership, Launching Hyvä Commerce

Fintech Finance

Mollie , one of Europe’s fastest-growing financial service providers, and Hyvä , a pioneer in front-end development for ecommerce, are excited to announce a strategic partnership, launching Hyvä Commerce, a new product suite on top of Magento. With Mollie’s backing, the launch of Hyvä Commerce will resolve common issues businesses using Magento face today by adding modern features to the admin panel and the store side, as well as committing to the platform’s updates.

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Sustainable Finance Live Hackathon 2024 Winners: Emerging Category

Finextra

Join FinextraTV as Richard Peers, Contributing Editor, Finextra and Founder of Responsible Risk, speaks to the winners of the Emerging Category for the Sustainable Finance Live Hackathon 2024: HSBC’s Nell Agate Tsui, University of Oxford’s Dr Nicola Ranger, and the Malaysian Youth Delegation’s Qiu Wong. This year’s event focused on all things natural capital, namely how to price and assess risk amid a variety of macroeconomic issues and new policies coming to the fore.

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Zing Launches Automatic and One Tap Top-Ups for All Members

Fintech Finance

International money app Zing has today rolled out two new frictionless, top-up options for members. Automatic and one tap top-ups will utilise open banking variable recurring payments (VRP) to enable members to add funds from seven major banks within 30 seconds. The new features will be available for all members thanks to Visa’s open banking platform, Tink.

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AI’s Role in Banking: A Game Changer or Just Another Fad?

The Fintech Times

Banks are increasingly turning to artificial intelligence (AI) to stay competitive, with strategic tech investments set to reach billions by 2030. As AI’s role in banking expands, industry leaders are debating whether it’s a necessary advancement or merely a trend-driven reaction. Roman Eloshvili, founder and CEO of XData Group , a B2B software development company, shares insights into the AI-driven changes reshaping banking and explains the critical role of technology partnerships in help

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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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Streamly Snapshot: The Central Role of Contact Centers in AI-Driven Customer Experience

Finovate

Leveraging AI to enhance the customer experience is one the biggest challenges – and greatest opportunities – in fintech and financial services. Today we share the insights of Rahul Kumar, VP and GM for Financial Services and Insurance with Talkdesk, on the central role of contact centers in AI-driven customer experience. In our Streamly Snapshot conversation, which took place in September at FinovateFall 2024 in New York, Kumar discusses what financial institutions are doing to over

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UK Consumers Demand Enhanced Personalisation and Rewards for Credit Cards, Marqeta Reveals

The Fintech Times

Consumers are increasingly seeking more personalised benefits from their credit card providers, such as rewards and loyalty points, according to a new survey by card issuing platform Marqeta. In its fourth annual ‘ State of Credit ‘ report, Marqeta found that customer loyalty to credit cards is shifting, as the public explore new financial products and services that better meet their individual needs.

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Quoroom Merges with Investory.io

Finovate

Investment management platform Quoroom has merged with portfolio management software company Investory.io. The merger will help streamline the capital-raising process for venture capital funds, angel syndicates, and startup founders. Headquartered in London, Quoroom made its Finovate debut at FinovateEurope 2023. It’s been M&A week here on the Finovate blog!

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nCino Set to Acquire FullCircl in $135Million Deal to Expand Reach Across UK and Europe

The Fintech Times

nCino , the global cloud banking platform, is set to acquire UK-based SaaS platform FullCircl as it continues to expand its reach and invest in its EMEA growth strategy. FullCircl’s platform helps financial institutions automate and accelerate onboarding and improve client lifecycle management, by helping them overcome regulatory and verification challenges.

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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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Nacha’s Payments Innovation Alliance Leads Industry Effort to Define and Shape the Future of Pay by Bank

NACHA

Nacha’s Payments Innovation Alliance, a membership program that brings together diverse global stakeholders seeking to transform the payments industry, will address the question “What is Pay by Bank?” through a new project team open to all existing and new Alliance members.

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Crypto.com partners with Beyon Money

The Paypers

Crypto.com has announced its collaboration with Beyon Money to explore ways to integrate and optimise capabilities in transaction and payments scape for clients in Bahrain.

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SuMi Trust selects fund accounting system from Fund Recs

Finextra

We are thrilled to announce that SuMi TRUST, one of Japan's largest financial services groups, has selected Fund Recs for our innovative Fund Accounting reconciliation software.

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Ingenico secures EMVCo approval for the C8 Book kernel

The Paypers

Global payments acceptance solutions company Ingenico has announced that it secured EMVCo approval for the Book C8 contactless kernel on the AXIUM DX8000 payment terminal.

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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.