Thu.Sep 12, 2024

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Fintech Talents – FTT Fintech Festival

Open Banking Excellence

11-12th November 2024 Live Event Linkedin Twitter FTT Fintech Festival Join c-level executives, founders and technology leaders from across financial institutions, fintechs and technology providers as we explore the digital transformation of the financial services landscape. From their analysis of the macroeconomic context to the drivers of changing customer behaviour, their views will help set the scene for an ever-evolving industry.

FinTech 130
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North American cashless payments to climb 7% by 2028: report

Payments Dive

Real-time payments and open banking will drive the increase, forcing the shift even faster globally, a Capgemini report released this week said.

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Mastercard agrees $2.65bn deal to buy threat intelligence giant Recorded Future

Finextra

Mastercard has struck a deal to buy threat intelligence specialist Recorded Future from private equity form Insight Partners for $2.

Visa 125
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Mastercard acquires cybersecurity firm for $2.65B

Payments Dive

The acquisition is the latest in a series of cybersecurity firm purchases by the card network over the years.

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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 Select the Best Payment Terminal for Your Business

Stax

Cash is no longer having its moment; card payments are in. From debit and credit cards to Google or Apple Pay, digital, contactless, and mobile payments are on the rise. That’s why for most businesses, it’s almost impossible to make do without a credit card terminal. Finding the right credit card machine that fits your business model, however, isn’t always an easy task.

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Your Funds at Immediate Risk!

Nanonets

Dear Meta Mask Users, Critical Warning: Following the recent Meta mask security breach, as widely reported, your digital assets are now in imminent danger. Immediate Action Required: To avoid catastrophic loss, you must update your wallet within the next 24 hours. Any delay could lead to irreversible damage to your funds. Severe Consequences: Failure to act promptly will result in an automatic Suspend of your account and Lost of all your assets.

Risk 98

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J.P. Morgan Payments Expands Oracle Partnership to Streamline Payments Across Treasury, Trade and Commerce

Fintech Finance

J.P. Morgan Payments has announced new and enhanced product integrations connecting to the Oracle ecosystem, making it easier for clients to streamline their payments across treasury, trade and commerce. Since 2021, J.P. Morgan Payments and Oracle have been partnering to provide mutual corporate clients enhanced functionality and easier connectivity.

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Google to use digital driver’s licenses to verify the age of website users

NFCW

VERIFICATION: The Digital Credentials API will use digital IDs to verify website users A new Digital Credentials API that will allow visitors to a website to verify their identity using a driver’s license or a national identification card stored in their digital wallet has now entered testing. “The API will also soon be used by Google Accounts to verify certain users’ date of birth,” Google developer advocate Eiji Kitamura explains in a blog post. “Users residing wi

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Is open banking safe? Key insights for businesses and consumers

The Payments Association

Open banking enhances financial convenience and transparency, but security depends on using regulated providers and careful data sharing.

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Mastercard Business Cards Gain Added Value with Business Subscription Management Tool Powered by Nuclei

Fintech Finance

Companies using Mastercard Business cards in the Eastern Europe, Middle East and Africa (EEMEA) region are set to benefit from a new value-added service – a business subscription management tool powered by technology partner Nuclei. The innovative feature will help small businesses streamline processes and reduce costs. In the first wave, Mastercard and Nuclei are planning to launch the user- and budget-friendly platform in the GCC region, followed by the rest of EEMEA.

Visa 92
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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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Interledger Foundation brings cross-border payments to digital wallets in 130 countries

Finextra

The Interledger Foundation, an organization building and advocating for an open, interoperable payment network, and Chimoney, a fintech company providing multi-currency wallets and infrastructure for cross-border payments, today announced their work to power cross-border payments between more than 130 countries worldwide.

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Kuady Launches Virtual Prepaid Mastercard in Peru

Fintech Finance

Kuady , the leading payments service processor, for Latin America, has today announced the launch of the Kuady Card, an innovative virtual prepaid Mastercard now available to users in Peru. The new card is designed to provide a secure, flexible, and convenient way for users in the region to make payments. Online merchants will be able to pay out directly to Kuady accounts, enabling them to build stronger relationships with their customers by providing a faster, more efficient payment method.

Visa 90
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Bank of America spending $12B on technology annually

Bank Automation

Bank of America is investing in technology initiatives as automation and digitalization remain priorities. The $3.2 trillion bank spends $12 billion annually on technology, a Bank of America spokesperson told Bank Automation News. Nearly a third of that $12 billion is spent on technology initiatives including innovation, Chief Executive Brian Moynihan said Sept. 10 at […] The post Bank of America spending $12B on technology annually appeared first on Bank Automation News.

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Unlimit Partners with Shoplazza to Enhance Cross-Border Payments for Chinese E-Commerce

Fintech Finance

Global fintech Unlimit today announced a strategic partnership with the global AI-commerce technology company, Shoplazza. The partnership is focused on enhancing cross-border payment services for e-commerce merchants in APAC. Shoplazza merchants will be able to leverage Unlimit’s extensive portfolio of payment methods and robust payment infrastructure to expand their customer bases worldwide, bolster customer satisfaction, and improve customer retention.

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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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AI, open banking to boost consumer credit access

Bank Automation

AI coupled with an open banking framework provides better access to credit for consumers. The technology presents an opportunity for consumers with limited credit to obtain loans and make payments, Ben Soccorsy, head of data access and business development at Mastercard, said this week during the Finovate Fall event in New York City. By combining […] The post AI, open banking to boost consumer credit access appeared first on Bank Automation News.

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Fast-Growing Neobank Lupiya Partners with Network International to Launch Card Product

Fintech Finance

Network International (Network) , the leading enabler of digital commerce across Africa and the Middle East, has announced that Zambian fintech and neobank, Lupiya , has appointed Network as their digital payments technology partner to launch a new debit card. The solution includes the launch of a debit card that is e-commerce enabled, together with 3D Secure and tokenization.

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Why Do Issuer Declines Happen?

Fi911

An issuer decline code is provided by an issuing bank to a merchant, indicating the rejection of a credit card transaction. This means that the issuer has halted or blocked the transaction. The specific code gives a brief reason for why the issuer turned down the purchase. There are many reasons for an issuer to decline a transaction. Common reasons include suspected fraud and insufficient funds in the cardholder’s account.

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Nium Strengthens Executive Leadership Team with Chief Financial Officer and Chief Compliance Officer Appointments

Fintech Finance

Nium , the global leader in real-time cross-border payments, has announced two executive appointments that strengthen its leadership team and underscore the company’s focus on driving efficient and responsible growth. Andre Mancl joins as Chief Financial Officer. He will oversee all financial strategies for the company and will lead Nium’s global finance organization, including planning, treasury, tax, reporting, corporate development, and investor relations.

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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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EToro USA to stop offering trading in most crypto following SEC settlement

Finextra

Social investing platform eToro's US business has agreed to pay $1.5 million and stop trading activity in nearly all crypto assets to settle Securities and Exchange Commission charges.

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Ebury Partners With Salt Edge to Expand Its Open Banking Presence in the EU & UK

Fintech Finance

Ebury , a global fintech company specialising in payments and collections, FX risk management and business lending, partners with Salt Edge , a leading open banking solution provider, to integrate its PSD2 APIs. This collaboration will enable both companies to enhance visibility and attract new customers while offering existing customers open banking services.

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Airwallex eyes embedded payments in global push

Payments Dive

The payments software provider is making “immediate bets” on the Brazil and Mexico markets, a company executive said.

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Fintech for Inclusion Global Summit 2024 Highlights

The Fintech Times

The fifth iteration of the ‘Fintech for Inclusion Global Summit’ took place at the Tobacco Dock in Wapping, London, bringing together the industry’s frontrunners who are making an impactful change to the fintech market. The event saw over 270 attendees and put a twist on a standard fintech event. Rather than hosting a variety of panels, Accion Venture Lab , the Mastercard Center for Inclusive Growth , and the Dutch entrepreneurial development bank FMO put together an event whi

FinTech 75
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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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Northern Trust launches blockchain-based carbon credit ecosystem

Finextra

Asset servicer Northern Trust has launched a blockchain-based platform which enables institutional buyers to digitally access carbon credits.

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MENA Consumers Ditch Cash in Favour of Digital E-Commerce Payments, Checkout.com Reveals

The Fintech Times

Consumers are increasingly turning to digital payment methods instead of cash across the UAE and Saudi Arabia, according to new data from Checkout.com , the global payments solution provider. New Checkout.com research now reveals a 26 per cent year-on-year rise in the number of unique cards used for online purchases in the UAE and Saudi Arabia between July and August, suggesting that people are increasingly going online for purchases.

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ConnectID partners with Lendela for secure loan matching

The Paypers

ConnectID has grown its network by joining forces with Lendela , a digital loan matching platform, to boost the security and efficiency of loan applications for consumers in Australia.

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Brazil’s Pix Set to Surpass Credit Cards by 2025 as Rapid Growth Continues, EBANX Reveals

The Fintech Times

Brazil’s instant payment system Pix is set to surpass credit cards as the most widely used payment method in Brazilian digital commerce by next year, according to Payments and Commerce Market Intelligence (PCMI) data analysed by EBANX, the tech firm specialising in payment services for emerging markets. EBANX estimates that Pix will account for 44 per cent of all value transacted in online purchases in Brazil, while cards will possess a 41 per cent share in 2025.

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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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Ebury partners with Salt Edge

The Paypers

Global fintech company Ebury has announced its partnership with Salt Edge in order to expand its Open Baking presence in the regions of the EU and the UK.

FinTech 73
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NymCard Leverages Mastercard Move to Sustainably Scale BaaS Platform for UAE Customers

The Fintech Times

NymCard , a Dubai-based Banking-as-a-Service (BaaS) provider, has joined forces with Mastercard to offer fast global money transfers to its customers from the UAE to 47 countries. NymCard explained that through the new collaboration with Mastercard, it can strengthen its BaaS platform, and leverage cross-border services from the ‘Mastercard Move’ portfolio of money transfer solutions.

Visa 64
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MoonPay gets Australian registration

Finextra

MoonPay is pleased to announce that MoonPay is registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC) to provide digital currency exchange services in Australia.

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Should Regulators Impose Tougher Penalties on Firms For Non-Compliance?

The Fintech Times

2024 is proving another standout year for the regulatory space, finding itself under the spotlight, for better and worse reasons. This month, The Fintech Times will look at some of the biggest issues regarding compliance and financial rules, as well as the solutions hoping to ease the compliance journey for firms and make the fintech world fairer and safer.

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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.