Payments Dive

MARCH 11, 2024

“We are all in an arms race to protect this ecosystem, to protect the network,” Visa CEO Ryan McInerney said at an investor conference last week.

Cybersecurity 194

Cybersecurity 194

PCI Security Standards

MARCH 11, 2024

From 11 March to 11 April, eligible PCI SSC stakeholders are invited to review and provide feedback on the currently published version of the PCI Secure Software Standard during a 30-day request for comments (RFC) period.

Request for Comment 117

Request for Comment Security Participant 117

Payments Dive

MARCH 11, 2024

The bank’s payments unit plans to engage in more pilots this year before rolling out the checkout service broadly next year, said Prashant Sharma, JPMorgan’s executive director of biometrics and identity solutions.

Payments 204

Payments 204

Electronic Payments Coalition

MARCH 11, 2024

This week, as you meet with representatives and members from NACS, the association for convenience and fuel retailing industry, you will likely hear certain arguments about credit card interchange and the Durbin-Marshall Credit Card Bill. Below are fact-checks that set the record straight about the harm caused by credit card routing mandates. The post A Guide to Meeting with the National Association of Convenience Stores (NACS) This Week appeared first on Electronic Payments Coalition.

Credit Cards 119

Credit Cards Checks Posting Payments 119

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

Payments

Stax

MARCH 11, 2024

Owning a business can take quite the investment. Then when you layer in the need for payment processing, the complexity of managing your finances escalates significantly. This is especially true when solution providers charge hidden fees , outrageous markups, and endless hours of confused Google searches. Not to mention, some credit card machines can be shockingly expensive.

Process 88

Process Credit Cards Agreements Small Business 88

Basis Theory

MARCH 11, 2024

In a digital and connected world, data is the most valuable virtual commodity. Access to, and control of, data is a fiercely competitive and much-debated area of modern business, and nowhere is this more true than in the cases of data portability and interoperability. While the one allows for easy movement of stored data between locations, and the other allows two locations to share common data, they both offer key solutions to the challenge of conducting business frictionlessly.

Interoperability 88

Interoperability Payments Data Payments 88

FloQast

MARCH 11, 2024

In the competitive landscape of homebuilding, efficiency and accuracy are paramount. PulteGroup, Inc. (NYSE: PHM), one of America’s leading homebuilding companies, recognized the need to modernize financial processes to stay ahead. With operations spanning over 40 markets nationwide and a complex array of transactions, PulteGroup faced the challenge of streamlining its monthly close while ensuring compliance and — believe it or not — reducing paper consumption.

Close Processes 105

Close Processes Process Reconciliation Audit 105

Finextra

MARCH 11, 2024

Cash advance platform Wayflyer is to expand its offering beyond online-only businesses to support brands that sell into brick-and-mortar retail channels.

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105

Fintech News

MARCH 11, 2024

Indonesian fintech startup AwanTunai has successfully closed its Series B funding round, amassing US$27.5 million. The Jakarta-based company, known for its point-of-sale financing solutions aimed at digitising the nation’s predominant cash economy, has surpassed its initial target of US$25 million due to heightened investor interest. This round of funding was spearheaded by notable entities including Norfund, the Norwegian government’s investment fund dedicated to developing countrie

On-Demand 104

On-Demand Finance Facilitators Innovation 104

Finextra

MARCH 11, 2024

UK Banking-as-a-Service startup Griffin has snared $24 million in fresh funding to meet regulatory capital requirements and exit 'mobilisation' as a fully-licenced bank.

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Fintech News

MARCH 11, 2024

Singaporean fintech DCS Card Centre has secured an additional S$100 million in asset-backed notes, raising their total funding to S$400 million. This move follows the S$300 million previously raised in December 2023. The funds from the additional issuance will be directed towards financing DCS’s receivables from both retail and corporate customers, facilitating further expansion.

Security 98

Security Underserved Credit Cards Visa 98

The Paypers

MARCH 11, 2024

US-based payment technology corporation Mastercard has partnered with Europe-based paytech Nexi to support Open Banking payments in Europe.

Visa 101

Visa Technology Payments 101

Bank Automation

MARCH 11, 2024

Bristol, U.K.-based ClearBank has applied for a license to expand its services to Europe in search of growth. ClearBank officials are hopeful for approval from the European Central Bank in the second quarter, Paul Staples, group head of embedded banking, told Bank Automation News.

Central Bank 80

Central Bank Automation Embedded Finance Finance 80

Clearly Payments

MARCH 11, 2024

In recent years, the rise of cryptocurrency has redefined traditional notions of currency and payment systems worldwide. Canada, known for its somewhat progressive stance towards financial innovation, has been aware and monitoring this transformative technology. Cryptocurrency, such as Bitcoin, Ethereum, and others, operates on decentralized blockchain networks, enabling secure, peer-to-peer transactions without the need for intermediaries like banks or financial institutions.

Cryptocurrency 77

Cryptocurrency Financial Inclusion Consumer Protection Payments 77

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

Best Practices

Bank Automation

MARCH 11, 2024

To keep up with consumer demand for digital capabilities, Bank of America’s inventors focus on solving client problems and removing friction through innovation and patent efforts. In 2023, the $3.2 trillion bank was granted 644 patents, up 6% year over year from 2022, according to a bank press release.

AI 80

AI On-Demand Innovation Consumer 80

Payments Dive

MARCH 11, 2024

The hotel group announced that it had newly approved several payment vendors to expand the company’s digital tipping capabilities.

Payments 78

Payments 78

Bank Automation

MARCH 11, 2024

Bristol, U.K.-based ClearBank has applied for a license to expand its services to Europe in search of growth. ClearBank officials are hopeful for approval from the European Central Bank in the second quarter, Paul Staples, group head of embedded banking, told Bank Automation News.

Central Bank 78

Central Bank Automation Embedded Finance Finance 78

Finextra

MARCH 11, 2024

London-based cash deposit marketplace Flagstone has scored a £108 million equity investment from US VC Estancia Capital Partners.

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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.

Payments

The Fintech Times

MARCH 11, 2024

The finance sector exists at the intersection of continuous innovation and strict security demands, where the intricacies of IT support pose continuous challenges for professionals striving to maintain the delicate balance between security, efficiency, and reliability. Within this complex landscape, smart locker technology emerges as a noteworthy solution, recognising its potential to enhance productivity and convenience for employees and IT support staff.

Finance 69

Finance Technology Innovation Security 69

Finextra

MARCH 11, 2024

Commonwealth Bank of Australia (CBA) today announced it is deepening its existing partnership with Microsoft after signing a new ‘letter of intent’ to work together on a range of initiatives to deliver more for customers.

AI 75

AI 75

The Fintech Times

MARCH 11, 2024

Fingerprint Cards AB , a Sweden-based biometrics firm, is rolling out the first biometric payment card in Turkey, in partnership with digital security company Thales. Beyond speed, security and convenience the Fingerprints biometric payment card also integrates with existing bank infrastructures and Point-of-Sale (POS) systems without requiring upgrades.

Point-of-Sale (POS) 64

Point-of-Sale (POS) EMV Authentication Payments 64

Finextra

MARCH 11, 2024

Commonwealth Bank of Australia (CBA) today announced it is deepening its existing partnership with Microsoft after signing a new ‘letter of intent’ to work together on a range of initiatives to deliver more for customers.

AI 72

AI 72

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.

Continuity

The Fintech Times

MARCH 11, 2024

Positive coverage strengthened Hong Kong’s reputation, spotlighting its international competitiveness, global expansion efforts and regulatory evolution throughout 2023; according to a new report analysing the media coverage and reputation of the financial industries in Hong Kong, Singapore and Dubai by CARMA , a media intelligence provider. Of the three regions, Hong Kong ranked the highest for overall volume of coverage among global Tier-1 business titles.

Cross-Border 64

Cross-Border Mitigation Finance Data Security 64

The Paypers

MARCH 11, 2024

The European Data Protection Supervisor (EDPS) has investigated the European Commission 's use of Microsoft 365 and found several violations of data protection rules.

Rules 73

Rules 73

Finextra

MARCH 11, 2024

JPMorgan Chase's growth equity investment unit has led a €36 million Series B funding round for Dutch cybersecurity firm Eye Security.

Security 72

Security Cybersecurity 72

Finovate

MARCH 11, 2024

March 10th marked the one-year anniversary of the collapse of Silicon Valley Bank (SVB). While the event isn’t necessarily something to celebrate, it is a great time to reflect on what the industry has learned and how things have change. Looking back on the aftermath of SVB’s liquidity crisis, we have seen shifts in behavior and strategy that are starting to reshape the landscape for both banks and fintechs.

FDIC 59

FDIC Fed FinTech Laws 59

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Finextra

MARCH 11, 2024

Mastercard today announced Jon Huntsman will join as Vice Chairman and President, Strategic Growth, effective April 15. The former U.S. Ambassador and Governor will lead efforts focused on expanding commercial partnerships with governments and public sector institutions along with driving the company’s inclusive growth, philanthropy and sustainability agenda.

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Visa Government Governance 59

Finovate

MARCH 11, 2024

Griffin was granted approval from the U.K.’s Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) to offer banking services in the region. Along with announcing the banking approval, Griffin also unveiled it has secured a $24 million (£19 million) Series A extension round to fuel the launch of banking services. Initially, Griffin does not plan to offer direct-to-consumer banking accounts, but will offer business bank accounts to help organizations manage their own fi

Regulatory Compliance 59

Regulatory Compliance Authorization Accounts Regulations 59

Finextra

MARCH 11, 2024

Mastercard and Johannesburg-based fintech company SAVA have announced a partnership that will support small, medium, and micro enterprises (SMMEs) through innovative payments technology and infrastructure.

Visa 59

Visa Innovation FinTech Technology 59

The Fintech Times

MARCH 11, 2024

TerraPay , the global cross-border payments network, is partnering with Dubai Duty Free , a travel retail operator, aiming to bolster the availability of alternative payment methods in the UAE, by making it possible to make purchases at DDF outlets with telecom digital wallets. Thanks to the collaboration, Dubai Duty Free can now access TerraPay’s global partner networks, which covers over 2.2 billion mobile wallets, as well as its cross-border payments infrastructure enabled through two

Financial Inclusion 59

Financial Inclusion Cross-Border Payments Cross-Border Alternative Payment Methods 59

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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.

Payments