Tue.Aug 13, 2024

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How embedded payments are changing the way we pay

Payments Dive

As payments technology advances, more companies are embedding the payments process in websites and apps. Here’s a primer on how this trend is advancing and changing the payments arena.

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Coffee with the Council Podcast: Meet This Year’s Europe and Asia-Pacific Community Meeting Keynote Speaker, Dr. Bruce McCabe

PCI Security Standards

Welcome to our podcast series Coffee with the Council. I'm Alicia Malone, Senior Manager of Public Relations for the PCI Security Standards Council. Today, I am so excited to bring you a sneak peek interview with PCI SSC's Europe and Asia-Pacific Community Meeting keynote speaker, Dr. Bruce McCabe, Global Futurist. Bruce has explored emerging technologies and how innovation happens for 30 years.

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Monzo moves clients to backup after outage

Bank Automation

British challenger bank Monzo reported an outage today that halted some card payments and outbound bank transfers. In response to the outage, which the bank attributed to a “technical issue,” Monzo moved to its backup system to get operations back up and running, Monzo said on social media platform X today. Monzo can process 99.

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Contactless Payments: Touch to Pay? Here’s What It Is

Stax

The pandemic has compelled us to go “contactless” in just about everything we do. From shaking hands to touching doorknobs, people are quite wary of contact. It’s hardly surprising that contactless cards and mobile payments have become a far superior alternative to using cash, swiping/dipping cards, or keying in your card number to make payments.

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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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Pioneering a sustainable future: Embracing rPVC and paperboard cards

The Payments Association

Ché Colford, General Manager at Thames Technology, discusses how the financial sector is transitioning away from payment cards produced from virgin PVC to more sustainable alternatives such as recycled PVC and paperboard payment cards.

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Business travellers are embracing new payments tech

Payments Next

By Ben Alderman, General Manager North America, Conferma The landscape of corporate travel payments is undergoing a transformative shift. Financial decision-makers and The post Business travellers are embracing new payments tech first appeared on Payments NEXT.

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Monzo offers 'do's and don'ts' for using AI in job applications

Finextra

With AI tools such as ChatGPT now firmly embedded in the mainstream, Monzo has put together a list of 'Do's and don'ts' for using the technology when applying for a job with the digital bank.

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Toqio and Visa unite to provide payment solutions in distribution networks to non-financial companies

The Payments Association

Toqio and Visa have partnered to deliver payment solutions for distribution networks in non-financial companies. This collaboration allows Toqio customers to issue Visa cards through Toqio's financial orchestration and configuration platform for embedded finance solutions, acting as a bridge between merchants and financial institutions. By leveraging embedded finance, the partnership enhances SME cash flow and highlights Visa's commitment to innovation and the benefits of embedded finance.

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Apiture to Power Commercial Digital Banking for FORUM Credit Union

Finovate

FORUM Credit Union has selected Apiture’s Business Banking solution to enhance its commercial digital banking experience. FORUM Credit Union anticipates the move will expand its commercial member base. “The comprehensive functionality available in Apiture’s Business Banking solution coupled with the company’s commitment to innovation made Apiture the right choice for our members and employees,” said FORUM Credit Union Chief Technology and Risk Officer Cameron Pierce

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What is the Difference Between GRR and NRR?

The Finance Weekly

A study benchmarked that the median Net Retention Rate (NRR) is 102%, while the median Gross Retention Rate (GRR) stands at 91%. These figures can fluctuate depending on the industry, market conditions, the product offered, and several other factors. Nevertheless, consistently high retention rates—both net and gross—often signify that a company is performing well in terms of customer satisfaction and product-market alignment.

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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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Indonesia’s Superbank Hits 1 Million Users, Fueled by Grab Integration

Fintech News

Indonesian digital bank Superbank announced that it has reached 1 million users in less than two months since its public launch. 62% of Superbank’s customer base have linked their accounts to the Grab app since the feature became available in June. This allows them to open accounts, save, and make payments directly within the Grab app without the need for an additional app.

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Unlimit and Unicâmbio Join Forces to Transform Digital Transactions With Enhanced Unimoney Wallet

Fintech Finance

Unlimit , a leading global fintech company, has today announced the partnership of its Banking-as-a-Service (BaaS) platform with financial services provider Unicâmbio , the oldest and largest foreign exchange bureau in Portugal and the foreign exchange agent of Western Union. By leveraging Unlimit’s BaaS API solution, Unicâmbio will elevate the functionality, security, and user experience of its innovative wallet product, Unimoney.

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Finance professionals grapple with payments fraud

Payments Dive

About a fifth of finance professionals in a recent survey said their organization has already been targeted by AI-driven deepfake or executive impersonation attacks.

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Efficiently Manage Your Multi-Location Dealership

PayJunction

Large, multi-location auto dealerships operate complex business hierarchies, with headquarters overseeing multiple automotive brands, locations, departments, and staffing roles. This operating model presents unique challenges with accepting, managing, and analyzing payment activity. Typically, each location has dedicated merchant services and bank accounts.

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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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Syfe Raises US$27 Million Funding After Achieving Profitability Earlier This Year

Fintech News

Syfe, a savings and investment platform in Asia, has successfully raised US$27 million in its latest funding round, pushing its total raised capital to US$79 million. The all-equity funding round saw participation from two UK family offices with fintech and banking interests, along with continued support from existing investors Valar Ventures and Unbound.

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Tally, a credit card debt fintech last valued at $855 million, shuts up shop

Finextra

Credit card debt payoff platfom Tally is shutting down after a nine-year timeframe that saw it raise $172 million in venture funding.

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Singlife’s Walter de Oude Launches Chocolate Finance for Simplified Cash Management

Fintech News

Chocolate Finance, a new financial service founded by Singlife’s Walter de Oude , has introduced a spare cash management account in Singapore. The account offers a 4.2% annual return on the first S$20,000 and a target of 3.5% per annum on any additional amount, with no complex requirements, fees, or lock-ins. The service provides daily returns, allowing customers to see their money grow every day through the app.

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Russia cancels AmEx subsidiary's banking licence

Finextra

Russia's central bank has cancelled the licence of American Express's subsidiary in the country, at the payment company's request, according to Reuters.

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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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Wise Singapore Quadruples Daily Holding Limit, Boosts Annual Spending Cap

Fintech News

Wise, a global online money transfer service, has quadrupled the daily holding limit for personal customers in Singapore, allowing them to keep up to S$20,000 in their Wise Account— the previous limit was S$5,000. Additionally, the annual spending and transfer limit has been increased to S$100,000, up from S$30,000. These changes do not affect Wise Business customers, who continue to have unlimited holding and transaction capabilities.

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Fincluded Introduces PINCARD, The Payment Account for Migrant Workers

Fintech Finance

The social fintech company Fincluded from Utrecht proudly announces the launch of PINCARD, the payment account designed specifically for EU migrant workers. With PINCARD, Fincluded offers inclusive financial services to the growing community of migrant workers in the Netherlands. Access to financial services for migrant workers Migrant workers in the Netherlands often face challenges when opening a Dutch bank account.

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83% of Gen Z in Singapore Aware of Generative AI’s Potential in Banking, Says Visa

Fintech News

A recent study by Visa has revealed that 83% of Gen Z consumers in Singapore are aware of generative artificial intelligence (AI) and its potential to enhance their banking experiences. This level of awareness among the 18-23 age group surpasses that of the general population, where 76% are familiar with the technology. The findings indicate that Singapore’s younger generation is leading the way in recognising and adopting generative AI, reflecting a broader trend toward increased digital engage

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Payment Routing: What it means for a merchant

Basis Theory

Payment routing can be done to improve transaction authorization rates. We explain more for merchants in the post!

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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.

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Corrie DeCamp Joins Billtrust as Chief Product Officer

Fintech Finance

B2B order-to-cash and digital payments market leader, has announced that Corrie DeCamp joins Billtrust , as Chief Product Officer. With over 30 years of experience managing enterprise solutions, she will lead Billtrust’s product strategy and vision and report to Chief Technology Officer Joe Eng. DeCamp joins Billtrust as finance leaders are navigating economic challenges by modernizing their operations with AI-powered accounts receivable automation and digital payments.

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HSBC joins Open Property Data Association

Finextra

HSBC is the latest UK high street bank to join 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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Alchemy Pay Partners with Mesh to Enable Direct Crypto Payments from Exchange Accounts and Wallets

Fintech Finance

Alchemy Pay , the world-leading fiat-payment gateway, has announced a partnership with Mesh , the modern connectivity layer for crypto that makes payments and deposits seamless. Alchemy Pay has integrated the Mesh API into its crypto payment solution, enabling users to purchase goods and services at online and offline merchants using crypto funds from exchanges and wallets.

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BNY developing a cross-border instant payments solution

Bank Automation

NEW YORK — BNY is developing a cross-border instant payments solution to keep up with demand for real-time payments. There are 90 real-time payments networks across the globe, Carl Slabicki, co-head of global payments at BNY Treasury Services, said today at a roundtable hosted by the $30 billion financial institution.

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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.

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Trustly UK Surpasses £13bn in First Half of 2024, Outpacing 2023’s Total and Marking Rapid Growth in Open Banking Adoption

Fintech Finance

Trustly , the global leader in open banking payments, is continuing to strengthen its presence in the UK, building its relationships with key partners as payment volumes and the adoption of open banking technology accelerates. Trustly provides consumers and merchants with a suite of payment products and data solutions, which aim to make online payments seamless, instant and secure.

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Streamly Fintech Insights: From the Future of Finance to Innovations in Cybersecurity

Finovate

Streamly Fintech Insights offers unique opportunities to hear from some of the most innovative personalities in fintech and financial services. Streamly’s interviewees range from entrepreneurs and investors who are helping build and fund tomorrow’s fintech solutions today to analysts and regulators whose job it is to ensure that the interests of consumers are heard and the rights of citizens are protected.

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Future Ticketing Looks Forward with Ryft Partnership

Fintech Finance

Innovative payment solutions provider Ryft has announced a new partnership with Future Ticketing , a next-generation software solution for ticketing companies. The collaboration will offer Future Ticketing’s customers an additional payment option to choose from that delivers operational and efficiency benefits. By partnering with Ryft, Future Ticketing has invested in ensuring its growing customer base has more flexibility when using its solution.

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FusionIQ and interVal form WealthTech partnership

Finextra

FusionIQ, a leader in the delivery of cloud-based wealth management solutions with their all-in-one digital platform for financial advisors and institutions, today announced a mutual referral agreement with interVal, a leading provider of software that empowers wealth management firms, financial institutions, and accounting firms with automated insights for small and medium-sized businesses (SMBs) across North America.

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Secure SaaS Success: Embedded Finance as a Competitive Advantage

Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms

Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.