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.

PCI DSS 226
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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 119
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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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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 116

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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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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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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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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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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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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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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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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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

Process 98
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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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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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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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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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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.

Crime 69
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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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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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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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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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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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Visa Launches Subscription Manager to ‘Ensure Cardholders Know Exactly Where Their Money is Going’

The Fintech Times

Digital payments giant Visa has launched a new, all-in-one service for financial institutions, ‘Subscription Manager’, offering Visa cardholders a simpler, more convenient way to track their subscriptions. The global subscription market is on a steady rise, expected to reach as much as $406billion by 2025. As the trend of consumers subscribing to services in sectors such as retail, food, and more increases, so does the challenge of managing their payments.

Issuers 59
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EBAday 2024: Fintech Zone finalists revealed!

Finextra

For the sixth year running, EBAday will host a dedicated Fintech Zone, where 16 early stage and growth startups will compete for the chance to be crowned the 2024 winner.

FinTech 64
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Integrated Checkout Experiences Are a Key ‘Value Driver’ for Merchants, Says Discover Global Network

The Fintech Times

A lack of omnichannel payment options is a primary pain point for consumers, with 86 per cent of merchants agree their payment experience requires improvement. Data from Discover Global Network , the global payment network, comes as it reveals the results of its 2024 Payment State of the Union (PSOU) study, providing global perspectives from merchants and consumers.

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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.