Tue.Jun 11, 2024

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Just Published: PCI DSS v4.0.1

PCI Security Standards

To address stakeholder feedback and questions received since PCI DSS v4.0 was published in March 2022, the PCI Security Standards Council (PCI SSC) has published a limited revision to the standard, PCI DSS v4.0.1. It includes corrections to formatting and typographical errors and clarifies the focus and intent of some of the requirements and guidance.

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Cash use persists in US beyond pandemic

Payments Dive

Consumers remained committed to cash use last year, even as the share of card payments rose and online payments increased, according to an annual Federal Reserve study.

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Mastercard targets 100% e-commerce tokenisation in Europe

Finextra

Mastercard has set itself a target of hitting 100% e-commerce tokenisation in Europe by 2030, phasing out manual card entry and making online shopping safer and more accessible.

Visa 143
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Why is Diversity and Inclusion Important in Fintech? The Industry View with Finastra, NMI

The Fintech Times

This June at The Fintech Times, we’re focusing on diversity, equity and inclusion (DEI). No longer just a trending topic but an essential consideration to not only your business operations but in your offering as well, this topic feels more relevant now than ever before. The fintech industry is known for its innovative, agile reputation, and yet it still faces a significant diversity problem that threatens to halt its growth and stop that innovation moving.

FinTech 117
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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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Bank of Thailand to Test Programmable Payments in Enhanced Sandbox

Fintech News

Daranee Saeju, Assistant Governor of Payment System Supervision and Financial Service User Protection at the Bank of Thailand (BoT) , announced the launch of a new initiative to test programmable payment systems under the Enhanced Regulatory Sandbox framework. This initiative responds to the rapid and complex development of financial innovations, such as distributed ledger technology (DLT) and smart contracts, which are transforming financial services.

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Countdown to Fintech Week London Conference 2024 With Leading Voices in Fintech Sharing Insights

The Fintech Times

There’s just two days to go before this year’s flagship conference at Fintech Week London with stellar speakers set to share their insights, including London’s deputy mayor for business Howard Dawber and MP Lord Chris Holmes. Taking place on 13 June in the Park Plaza Victoria London, the 2024 conference will put the spotlight on the hot topics in the fintech sector, including the future of finance, artificial intelligence (AI), consumer centricity, payments, digital assets and data,

FinTech 113

More Trending

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AuthenticID Launches Deep Fake and Generative AI Detection Solution

Finovate

Identity proofing and fraud detection company AuthenticID launched a new solution today to detect deep fake and generative AI injection attacks. An injection attack occurs when a fraudster injects a deepfake– which could be a synthetic document, video, facial image, or audio representation– into an identity verification workflow to spoof the system.

AI 105
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Currencycloud Powers OPAL to Simplify Cross-Border Payments for SMEs

Fintech News

OPAL, a neobank startup, has been steadily growing in the financial hub of Singapore since its inception in 2019. Licensed as a Major Payment Institution (MPI) by the Monetary Authority of Singapore (MAS), OPAL offers domestic and cross-border payments, payment accounts, and e-money services. In February 2022, OPAL introduced its flagship product, the Global Digital Business Account, aimed at providing small- and mid-sized enterprises (SMEs) with an efficient and convenient way to handle interna

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Ripple Expands Footprint in Japan and Korea With New Fund

The Fintech Times

Ripple , the blockchain and crypto solutions provider, has shown its support for the development of the Japanese and Korean markets as it launches the XRPL Japan and Korea Fund. The new fund will also support various initiatives to foster innovation on the XRP ledger in both countries. Some of these initiatives include corporate partnerships, developer grants, startup investments and community growth.

NFTs 98
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Ripple Acquires Standard Custody, Names Jack McDonald as Stablecoin Lead

Fintech News

Ripple, a provider of enterprise blockchain and crypto solutions, has finalised its acquisition of Standard Custody & Trust Company, a regulated digital asset custodian, after securing necessary regulatory approvals. This move aims to enhance Ripple ‘s product offerings and explore new ventures like stablecoins while maintaining regulatory compliance.

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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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XTransfer and Banking Circle Announce Strategic Partnership

Fintech Finance

XTransfer , the World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, and Banking Circle , the innovative tech-driven Payments Bank, have entered into a strategic partnership. This collaboration aims to reduce the cost and processing time of cross-border payments for XTransfer’s clients, particularly benefiting Chinese suppliers with significant markets in Europe and the Middle East.

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Regtech Firm Hawk Extends Series B With Investment From Rabobank

Fintech News

Hawk, a German regtech company with a presence in the APAC region , has announced the extension of its Series B funding round. The sum was not disclosed. This extension sees Rabo Investments joining the ranks of existing investors BlackFin Capital Partners, Sands Capital, DN, Picus, and Coalition. According to Hawk, the new funding will support its accelerated international expansion plans, driven by the growing demand for its AI-powered anti-financial crime technology.

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Unlimit and Moby Partner to Simplify Access to Sustainable Transportation Options for Customers Worldwide

Fintech Finance

The global fintech company, Unlimit and Moby , the leading Italian ferries and transportation company, announced today its partnership, enhancing Moby’s online booking experience and further supporting their goal to improve access to more sustainable transportation options for customers worldwide. The strategic partnership will focus on strengthening Moby’s payment portfolio across a range of payment methods, from traditional credit card payments to alternative payment methods, greatly simplifyi

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Lucinity delivers generative AI copilot plugin

Finextra

Lucinity has launched a groundbreaking generative AI copilot plugin at Money2020 Europe, offering immediate ROI for financial institutions.

AI 93
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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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TrueLayer Partners With Jaja Finance to Enable Smoother Card Repayments

Fintech Finance

TrueLayer , Europe’s leading open banking payments network, today announces a partnership with digital lender Jaja Finance (“Jaja”) to enable credit card repayments. Jaja will leverage TrueLayer’s Payments product to offer instant pay-ins, allowing customers to make one-off credit card repayments directly from their bank account. This functionality is now live on Jaja’s Vanta Credit Card and the lender’s partner brands, including Post Office, Asda Money Credit Card and Asda Money Select Credit C

Finance 99
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Fintech Galaxy Partners With Yabx to Enhance SME Lending and Financial Inclusion Across MENA

The Fintech Times

Fintech Galaxy , the UAE-based open banking and financial innovation company, is joining forces with Yabx , a leader in alternate data-based lending and loan portfolio management for underserved segments of the population, to enhance SME lending. Yabx will leverage Fintech Galaxy’s FINX Connect to enhance SME lending, collections, and customer onboarding processes to move the needle of financial inclusion.

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Omnipresent Chooses Mangopay to Power New Global Employment Product With Embedded Multi-currency Payments

Fintech Finance

Omnipresent , a leading provider of global employment solutions, has partnered with Mangopay , a modular and flexible payment infrastructure provider for platforms, to power its new Contractor Management Solution. Mangopay is providing pay-in, e-wallet, payout and FX infrastructure for the new addition to the Omnipresent platform, which will streamline contractor management in over 200 countries by ensuring seamless multi-currency payments, compliance, and administrative efficiency for businesse

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German banks to shut down their PayPal competitor Paydirekt

Finextra

German banks are set shut down their PayPal competitor Giropay/Paydirekt and instead throw their weight behind continent-wide startup the European Payments Initiative (EPI).

PayPal 78
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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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Paysecure Expands Its Global Reach Into LATAM by Strategically Partnering With a55

Fintech Finance

Paysecure , an international payments orchestration platform, is thrilled to announce that a55 has joined Paysecure as part of its strategic expansion plans. This partnership signifies a major step in Paysecure’s commitment to enhancing its service offerings and extending its reach into the Latin American (LATAM) market, including regions such as Brazil, Mexico and many others to come.

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What Is a Cash Discount Program and How Do You Implement It?

Stax

Cashless payments offer customers the convenience of quick transactions without needing physical currency. This streamlines purchases and reduces the risk of theft. In 2023, cash accounted for 12% of POS system transactions and only 1% of all eCommerce transactions in the US. However, card purchases bring in extra costs for business owners (e.g., cost of processing, merchant service fees, and additional fees like chargeback fees, compliance fees, equipment fees, monthly fees, etc.) that cut into

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Softpay, Extenda Retail and SJ AB Partner to Streamline Payment Processes

Fintech Finance

Today announcing its partnership, Softpay , Extenda Retail and SJ AB – Sweden’s renowned passenger rail service – to deliver an outstanding payment experience across their network. SJ AB were looking to streamline their processes and enable flexible payment options for customers travelling onboard their trains. By implementing the next level of Extenda Retail’s Mobile POS System, train conductors will effortlessly accept payments at the seat, process kiosk sales and control fees whilst on the mo

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How cloud and SaaS enable customer-centric innovation for banks

Finextra

Join FinextraTV at the Temenos Community Forum 2024 as Azfar Karimuddin, Chief Cloud Officer, Temenos & Dan Broten, CTO, EQ Bank, explore the advantages for banks running on the cloud, including how the technology helps to deliver better customer services and experiences. Discussing SaaS, they also pinpoint exactly how this technology can help banks innovate faster and develop new business models.

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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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Finli Joins the NayaOne Tech Marketplace

Fintech Finance

Finli has joined the NayaOne Tech Marketplace. It provides financial institutions with the tools necessary to increase their competitive advantage and satisfy and retain their small business clients. “Finli is proud to help bankers compete in today’s landscape full of innovative digital solutions. We’re seeing consumers shift away from BAAS and neobank models, and towards more trusted relationships with traditional institutions who offer competitive tools.

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Insights from The Art of Growth in the Year of Efficiency

Chargebee

Chargebee’s Chief Marketing Officer, Guy Marion, recently hosted an insight-packed webinar with fellow industry leader, Sam Jacobs, Founder and CEO of Pavilion, the world’s largest executive community for go-to-market operating professionals at startups and scale-ups worldwide. The webinar shared data and insights from Chargebee’s 2024 State of Subscriptions and Revenue Growth report.

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NMI Launches New Shopify Integration for a More Seamless Merchant Experience

Fintech Finance

NMI , a global leader in embedded payments, announces its newly enhanced Shopify integration. The upgraded offering ensures NMI’s Independent Sales Organization (ISO) partners, software providers and payment professionals can offer their merchants a truly integrated payment experience that aligns with the latest Shopify requirements. Designed for partners looking to enhance their merchant offerings, the latest Shopify integration is built for business continuity, introduces advanced security fea

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German banks to shut down PayPal competitor Paydirekt

Finextra

German banks are set shut down their PayPal competitor Giropay/Paydirekt and instead throw their weight behind continent-wide startup the European Payments Initiative (EPI).

PayPal 69
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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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J.P. Morgan and Sephora Extend Tap to Pay on iPhone to Canada

Fintech Finance

Chase Payment Solutions, part of J.P. Morgan Payments , today announced the expansion of Tap to Pay on iPhone for its merchant clients in Canada. This feature, which allows merchants to accept contactless payments using only an iPhone, was successfully enabled by J.P. Morgan Payments in the U.S. in August 2023. Sephora is the firm’s first client in Canada to enable Tap to Pay on iPhone, which is currently rolling out across more than 130 freestanding stores in the country.

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Which? Recommends a Fraud Minister to Tackle 40% of All UK Crime: Fraud

The Fintech Times

According to figures from UK Finance, the UK trade association for banking and financial services, losses to fraud in the past year exceeded £1billion, equating to £2,300 stolen every minute. More must be done to stop this. As a result, Which? , the consumer choice advisor, has recommended the next Prime Minister appoint a dedicated fraud minister. The fight against fraud requires coordinated action across multiple government departments and business sectors.

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Riyadh Air, Saudi Arabia’s Newest Airline with a Digital-First Vision, to Implement CellPoint Digital’s Payment Orchestration Solution

Fintech Finance

CellPoint Digital , the leading provider of payment solutions to the airline industry and a global pioneer of Payment Orchestration , today announced a new partnership with Riyadh Air, Saudi Arabia’s newest national airline. CellPoint Digital will equip the carrier with innovative payment technology to fuel its digital-first business strategy as it prepares to launch commercial operations in 2025.

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Michael Kors rolls out Mastercard GenAI-powered shopping assistant

Finextra

Michael Kors has become the first retailer to integrate Mastercard's generative AI assistant, Shopping Muse, into its US website.

Visa 75
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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.