Thu.Aug 01, 2024

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Not another ISO 20022 piece?

The Payments Association

The move to ISO 20022 brings benefits like enriched data and improved fraud prevention, requiring a strategic approach and decisions between building in-house solutions or partnering with vendors.

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New US-Mexico payments pathway will tap rural community banks

Finextra

A new cross-border payments infrastructure will enable remittances between the US and Mexico via 140 community banks in rural areas.

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POS System vs. Cash Register: Which is Better for Your Business?

National Processing

It may seem strange that National Processing would highlight ways your business can save money by accepting cash. After all, when you accept a cash payment, you don’t pay a credit card processing fee and we don’t receive that fee. However, we feel it’s important to help business owners know their options. Besides, consumers aren’t […] The post POS System vs.

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PSR stands firm over reimbursement model for APP fraud

Finextra

As the banking industry chafes against upcoming rules governing payback to victims of authorised push payment fraud, the Payment Systems Regulator has released new data which shows that reimbursement for victims still depends largely on who they bank with.

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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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What You Should Know About Visa Surcharge Rules in 2024: A Guide for Merchants

Stax

Did you know that the delinquency rate for small businesses has reached a record high owing to inflation and declining revenues? A recent report by Alignable found that 43% of SMBs couldn’t pay rent—on time and in full—in April 2024. This is why, now more than ever, US merchants must manage their operational costs meticulously. One way to do that—though often overlooked—is to optimize their payment processing to reduce fees associated with credit card purchases.

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Paynetics acquires Novus Neobank to amplify ESG mission

The Payments Association

Paynetics, the pioneering embedded finance provider, announced today its strategic acquisition of Novus, the UK’s first-ever “impact neobank.” This landmark deal underscores Paynetics’ commitment to advancing environmental, social, and governance goals while revolutionising the financial landscape with its powerful embedded finance suite.

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Trading 212 partners with Paynetics to bring multi-currency cards to its portfolio

The Payments Association

Trading 212, an FCA-regulated online broker offering trading services, is partnering with Paynetics, one of the leading providers of embedded finance in Europe, to integrate multi-currency accounts and card payments within their trading services.

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UK data breach costs soar

Finextra

The average cost of a data breach in the UK rose to £3.58 million between March 2023 and February 2024, marking a 5% increase from the previous year and reversing a previous decline.

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Unleashing the ESG power of gintech: Creating a eustainable tuture with Paynetics

The Payments Association

In today’s world, businesses face growing pressure to meet environmental, social, and governance (ESG) standards. Companies are increasingly scrutinized for their carbon footprints, social impact, and governance practices. The challenge is not just about compliance but creating genuine positive change. Many organizations struggle to integrate ESG principles seamlessly into their operational and financial functions, all the whilst this area is becoming more regulatory-driven in the EU (e.g.

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What is the Difference Between ACH and EFT? Key Insights and Benefits

Paystand

Table of Contents What is Considered an ACH Payment? What is the EFT Payment Method? What is the Difference Between ACH and EFT in Banking? Why Embrace Digital Payment Methods?

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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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ADVANCE.AI Expands ‘Know Your Business’ Service in Singapore and Malaysia

Fintech News

ADVANCE.AI, a provider of digital identity verification and risk management solutions in Southeast Asia, has expanded its capabilities in Singapore and Malaysia with an upgraded Know Your Business (KYB) service. The new KYB solution offers a more comprehensive range of data verification, including business registration, company profiles, ownership structures, credit history, and watchlist reports.

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Nexi Group Announces H1 2024 Financial Results

Fintech Finance

The Board of Directors of Nexi S.p.A. have approved the Group’s consolidated financial results as of June 30th 2024. “In an evolving competitive context, we have continued our journey of revenue and margin growth, significantly increasing the cash generation, even net of growth investments in the business. This accelerated cash generation allows us to further reduce debt and leverage and, at the same time, to accelerate the return of capital to our shareholders, anticipating the conclusion of

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Flutterwave receives Ghana payment licence

Finextra

Flutterwave, a leading payments technology company, has recently been granted a Payment Service Provider license (Enhanced Category) by the Bank of Ghana.

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Pay.UK Strengthens Executive Leadership Team with COO Appointment

Fintech Finance

Pay.UK , the independent, not-for-profit operator of the UK’s national retail payments systems, including Faster Payments, Bacs and Direct Debit, has announced the appointment of David Morris to the newly created role of Chief Operating Officer (COO). Morris previously held the role of Chief Technology Officer at Pay.UK and today assumes the new position.

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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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Master Microtransactions: How Gaming Merchants Get to the Next Level

Basis Theory

As microtransactions increase in volume, gaming merchants are being required to take on more compliance. Get started with this blog!

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PAYSTRAX Has Selected Featurespace to Tackle Fraud Across Europe, Demonstrating the Strength of Its Fraud Prevention Technology

Fintech Finance

PAYSTRAX , the payment processing solution for merchants across the EU and UK, has teamed up with global fraud and financial crime prevention company Featurespace to enhance security measures against fraudulent activities. PAYSTRAX works with merchants across various industries and will utilize Featurespace’s Technology to analyze merchants’ transactional behavior.

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Mastercard refocuses on tech in int’l markets

Payments Dive

The card network will incur a charge in the current quarter for a realignment that is boosting investments in newer technologies, including in Africa and Latin America.

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Mexican fintech Aviva raises $5.5m

Finextra

Aviva, a Mexican "phygital" financial platform for the underbanked and micro businesses, has raised $5.5 million in seed funding.

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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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PayPoint Announces Major Love2shop Distribution Partnership with InComm Payments

Fintech Finance

PayPoint has today announced an important distribution partnership for Love2shop gift cards with InComm Payments , a global payments technology provider, building on the long-standing relationship between the two companies. The multi-year agreement will enable the distribution of Love2shop gift cards for the first time into new retailer channels, including leading UK grocers and High St. stores.

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ECB invites industry experts to advise on offline deployment of digital euro

Finextra

The European Central Bank is inviting experts from the mobile tech industry to advise on the development of an offline model for digital euro payments.

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SME Neobank Ampere Announces Partnership With Mastercard to Streamline Financial Solutions

Fintech Finance

Ampere , the neobank providing all-in-one financial services for SMEs, has today announced its partnership with Mastercard to expand its services and transfers offering, marking a milestone in its mission to streamline financial solutions for SMEs. Ampere is now at the forefront of the Neobanking industry enabling its customers access to card-to-card payments, which converts over 60 different currencies at a faster and cheaper rate than traditional banking systems.

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Payments roundup: Mastercard, Visa deploy AI to fight fraud

Bank Automation

Payments behemoths continued investing in technology to control costs and streamline operations in the second quarter. Visa and Mastercard are deploying AI for the following: To fight fraud; Enhance data and analytics; and Boost accounting and sales operations.

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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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Tribe Payments’ Series of New Hires Reinforce Ambitious Growth Plans

Fintech Finance

Tribe Payments , the pioneering digital payments and infrastructure orchestrator which specialises in issuer and acquirer processing, continues its rapid expansion with key appointments to its leadership team. Guy Houghton joins as Tribe’s Chief Revenue Officer, bringing over 30 years of commercial leadership experience in global technology companies serving the payments, banking, and fintech markets.

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How Big Data Helps Investors Make Better Decisions

Finextra

Source: Freepik Big data has been transforming companies and entire industries worldwide for well

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Waafi by Salaam Bank Taps Paymentology to Enable Somalia’s Contactless Payment Vision

Fintech Finance

Paymentology , the leading global issuer-processor, proudly announces its partnership with Salaam Bank’s Waafi , on the launch of its co-branded tokenised tap-to-pay digital companion card, and physical card, for Waafi mobile app users in the Horn of Africa- a first for the region. Waafi is a mobile money app born from the collaboration between Salaam Bank, a leading financial institution in East Africa and Hormuud extending to Telesom, and Golis, are a leading telecom provider in Somalia.

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Barclays boosts cloud strategy

Bank Automation

Barclays focused on the simplification of its operations and organization during the first half of 2024 as it leaned into its cloud strategy and upgraded legacy systems. The London-based bank plans to increase its workload on the cloud to 85% to 90% from 75%, according to today’s earnings presentation.

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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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PSR Publishes Latest APP Scams Performance Report for 2023

Fintech Finance

Latest figures released today by the Payment Systems Regulator (PSR) track the performance of payment firms in tackling Authorised Push Payment (APP) scams and reimbursing victims in 2023. APP fraud performance reporting: In its second annual report , the PSR presents data on three key areas: Reimbursement to victims (from the largest 14 banking groups in Great Britain and Northern Ireland) How much money is sent from victims’ accounts by each payment firm as a result of APP scams (from the larg

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Stripe, Fifth Third Bank to team on embedded services

Payments Dive

The global digital payments company will team with the bank to offer embedded finance services to its clients.

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Flutterwave’s Ghana Payment License Paves Way for Secure Transactions

Fintech Finance

Flutterwave , a leading payments technology company, has recently been granted a Payment Service Provider license (Enhanced Category) by the Bank of Ghana. The milestone marks a significant expansion of Flutterwave’s operations in Africa, enabling the company to offer a comprehensive suite of payment services directly within, and through Ghana. Ghana presents an exciting market for Flutterwave’s innovative solutions.

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Bourgeois Boheme raises €6.5m for financial platform for the rich

Finextra

Bourgeois Boheme (BoBo), a European fintech targeting high-net-worth individuals with the promise of instant transactions of up to €1 million, has closed a €6.5 million seed round led by Graphit Lifestyle.

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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.