Mon.Jan 22, 2024

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PCI DSS Requirement 3 – Changes from v3.2.1 to v4.0 Explained

VISTA InfoSec

In our exploration of PCI DSS v4.0’s changes, we’ve reached the heart of the matter – Requirement 3: Protect Stored Account Data. While the previous two requirements focused on network and access control, Requirement 3 tackles the crucial issue of securing sensitive cardholder information once it’s captured and stored. So, what’s the purpose of Requirement 3?

PCI DSS 100
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JROC’s Future Entity Working Group: The evolving landscape around Open Banking

The Payments Association

The Payments Association recently hosted a Payments Lab session bringing together representatives and stakeholders from its Open Banking Working Group and subgroups from the Financial Conduct Authority’s (FCA) Future Entity Working Group to discuss a report on open banking presented to the Joint Regulatory Oversight Committee (JROC).

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Payment Facilitator vs Payment Gateway: Key Differences and Similarities

Stax

1.1 Trillion. That’s not a typo; we’re talking about a trillion with a T. That’s the value of eCommerce transactions that took place in 2023 in the U.S. alone, according to a report from Insider Intelligence. Now what if we told you that number is expected to grow by 50% by the year 2027? In a world where we’re spending more and more time online and every click is a potential transaction, it’s no surprise the eCommerce and digital payments sectors are experiencing exponential growt

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Ethereum’s Future: Sharding, L2s, and the Rise of Rollups

The Payments Association

Last week, as I was scrolling through the Internet, I happened to stumble across a piece where the founder of Ethereum, Vitalik Buterin, has been reiterating the importance of L2s […] Read more

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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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Law firms jockey for payments action

Payments Dive

A proliferation of payments and fintech players has sparked a contest for talent among law firms seeking to meet clients’ needs.

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Regulation spotlight: Future of UK stablecoin regulation

The Payments Association

On 30 October 2023, HM Treasury (HMT) issued its long-awaited policy document on the regulation of fiat-backed stablecoins in the UK. Framed as “Phase 1” of the UK's approach to cryptoasset regulation, HMT's paper was quickly followed by discussion papers from the Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) and Bank of England (BOE) on the future regulatory approach to such stablecoins.

More Trending

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FCA’s Future Entity Working Group: The evolving landscape around Open Banking

The Payments Association

The Payments Association recently hosted a Payments Lab session bringing together representatives and stakeholders from its Open Banking Working Group and subgroups from the Financial Conduct Authority’s (FCA) Future Entity Working Group to discuss a report on open banking presented to the Joint Regulatory Oversight Committee (JROC).

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Mastercard and Abu Dhabi Global Market partner to empower UAE’s dynamic SME community

Fintech Finance

Mastercard and Abu Dhabi Global Market (ADGM) have announced a collaboration to fuel the growth of the booming small and medium enterprise (SME) sector in Abu Dhabi and the wider UAE by digitalizing SME payment flows. The partnership will empower SMEs to meet their growth potential through Mastercard’s technologies and resources. Under the collaboration, Mastercard and ADGM will offer SME cards to qualified businesses.

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Payments ESG agenda 2024: What is on the horizon?

The Payments Association

The year 2023 was significant for ESG in finance. As COP 28 brought the year to a close, The Payment Association’s ESG Working Group look ahead to key themes likely to dominate the payments ESG agenda in 2024.

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DOKU Releases Wallet as a Service for E-Wallet Infrastructure Integration

Fintech News

Fintech firm DOKU recently announced the release of its new service, Wallet as a Service (WaaS). This new service provides an e-wallet infrastructure with APIs. This enables businesses to integrate e-wallet functions within their existing systems, thus allowing customers to use an embedded wallet feature. The company says this development utilises DOKU’s e-money and e-wallet licenses in compliance with regulatory standards.

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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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DailyPay lands more financial support

Payments Dive

The earned wage access company said it raised $75 million in new equity funding and $100 million in debt financing.

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LTA Postpones SimplyGo Adoption, Commits S$40 Million to Maintain EZ-link Systems

Fintech News

The Land Transport Authority (LTA) has announced a delay in the full transition to the SimplyGo system for adult fares, initially scheduled for June 1. This postponement is a response to various concerns raised by commuters, as well as an effort to ensure a smooth transition. Transport Minister Chee Hong Tat disclosed the government’s decision to invest approximately S$40 million to continue the operation of Ez-link and Nets FlashPay cards for adult commuters.

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How we built it: Smart Retries

Stripe

In this post, we walk you through the engineering decisions we made that have enabled Smart Retries to recover $9 in revenue for every $1 customers spend on Billing—and the four main lessons we learned throughout the process.

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Choice Market bets on automation for stores

Payments Dive

AWM will provide automated checkout technology to the Denver-based convenience retailer as part of plans for adding Mini-Mart c-stores nationwide.

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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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U.S. Bank looks to other industries to spark AI innovation

Bank Automation

U.S. Bank technology leaders attend the Consumer Electronics Show every year to spark innovation ideas for the bank’s research and development team; this year the focus was on all things AI.

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Satchel to elevate compliance with Amlyze

Finextra

Satchel, a European digital banking provider, is set to enhance its compliance standards through a strategic partnership with AMLYZE, a top-tier regtech company specializing in anti-money laundering and financial fraud prevention.

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Movers & Shakers: Envestnet CEO Crager stepping down

Bank Automation

Bill Crager will step down as chief executive of wealth tech company Envestnet on March 31. Crager was CEO for 24 years and plans to serve as a senior adviser for the Berwyn, Pa.-based company, focusing on client and partner relationships, according to a Jan. 8 Envestnet release.

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Google signs deal to take UPI beyond India

NFCW

Google Pay is to take India’s Unified Payments Interface (UPI) real-time payments system to other countries after signing a deal with the service’s manager, National Payments Corporation of India (NPCI). NPCI is the umbrella organization for operating retail payments and settlement systems in India. The agreement with Google Pay India has three aims, say the partners: To enable Indians to make transactions abroad using UPI when they travel internationally.

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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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SC Ventures to Open Abu Dhabi Office, Led By Guatam Jain

Fintech News

Standard Chartered’s innovation and ventures arm, SC Ventures, plans to open an office in the Abu Dhabi Global Market (ADGM) to tap into the United Arab Emirates’s (UAE) technology ecosystem. Gautam Jain With 30 years in banking technology, Gautam Jain will lead the Abu Dhabi office. His background includes chairing two SC Ventures portfolio companies and various board memberships.

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PayTabs Group partners with Fintech Galaxy

The Paypers

PayTabs Group has announced its partnership with Fintech Galaxy in order to optimise GCC’s fintech space with payment orchestration and Open Banking services.

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SC Ventures to Open Abu Dhabi Office, Led By Gautam Jain

Fintech News

Standard Chartered’s innovation and ventures arm, SC Ventures, plans to open an office in the Abu Dhabi Global Market (ADGM) to tap into the United Arab Emirates’s (UAE) technology ecosystem. Gautam Jain With 30 years in banking technology, Gautam Jain will lead the Abu Dhabi office. His background includes chairing two SC Ventures portfolio companies and various board memberships.

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PayTabs Group inks partnership with Fintech Galaxy to elevate GCC’s fintech space with Payment Orchestration and Open Banking solutions

Fintech Finance

PayTabs Group , MEASA’s award-winning payment solutions powerhouse today announced it has partnered with Open Banking and financial innovation entity, Fintech Galaxy. The collaboration aims to provide data consolidation and lightning-fast payment initiation services by diving into the global expertise of PayTabs expansive payment orchestration platform.

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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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Standard Chartered’s SC Ventures Embraces Abu Dhabi’s Fintech Momentum with New Office

The Fintech Times

SC Ventures, the innovation and fintech investment arm of Standard Chartered, plans to open an office in Abu Dhabi Global Market (ADGM) in response to the booming tech ecosystem in the UAE. This strategic move is aimed at actively harnessing opportunities in fintech, digital assets, data, and local talent, all within the growing technology and business innovation ecosystem of the region.

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Digital Conversations Platform Eltropy Enhances In-Branch Experience with Lobby Management

Finovate

Digital conversations platform Eltropy has unveiled its Lobby Management solution. The offering will help community financial institutions (CFIs) create better branch lobby experiences for customers and members. Eltropy made its Finovate debut in 2017. The company most recently demoed at FinovateFall in 2022. Digital conversations platform Eltropy launched its Lobby Management solution last week.

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Revolutionizing IT in Finance: A Deep Dive with Lakeside Software

Fintech Review

In an era where digital transformation is not just a buzzword but a necessity, Lakeside Software emerges as a beacon of innovation in the IT landscape, particularly for financial institutions. Specializing in providing unprecedented visibility across complex IT environments, Lakeside Software stands out with its unique approach to uncovering hidden inefficiencies and optimizing operations.

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Fintech Rundown: a Rapid Review of Weekly News

Finovate

Explore the latest and most pertinent fintech news in our weekly digest. Stay informed as we continuously update this post with breaking news throughout the week. Check back for real-time updates on how the fintech landscape evolves this week. Lending Welsh, Carson, Anderson & Stowe to acquire EquiLend. LoanDepot experiences cyberattack with 16.6 million customers’ personal information stolen.

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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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PayTabs and Fintech Galaxy Target Payment Initiation Services in New Partnership

The Fintech Times

Looking to provide data consolidation and payment initiation services, PayTabs Group , the MENA based paytech has partnered with open banking firm, Fintech Galaxy. The service will initially be rolled out in the Kingdom of Saudi Arabia and the United Arab Emirates and subsequently expand to other MENA markets. This partnership combines PayTabs payment orchestration infrastructure with Fintech Galaxy and its open banking capabilities to deliver solutions for SME’s and enterprises.

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Bite-Sized Budgeting: Can it Help a New Generation of Savers?

Finovate

I had an interesting conversation last week with two of fintech’s brightest minds, Theo Lau and Barb Maclean. The discussion, which was around personal financial management (PFM) and budgeting, shed light on the financial habits of Generations Z and Alpha. The issue As a bit of context, these generations are faced with high student loan debt and a high cost of monthly rent.

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Fidesmo integrates to Mastercard’s Token Connect and partners with German neobank VIMpay

Fintech Finance

Fidesmo , a leader in providing secure and convenient contactless services, is proud to announce the successful completion of its integration between Fidesmo Pay and Mastercard ’s Token Connect service, also known as MDES Token Connect. This pioneering partnership sets the stage for a new level of security and convenience in digital payments and marks Fidesmo Pay as the first tokenization platform for passive wearables to successfully implement Mastercard’s latest innovation.

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Crédit Agricole Acquires 7% Stake in Worldline

Finovate

Credit Agricole is taking a 7% minority stake in Worldline. The announcement comes six months after the two initiated their partnership in July of 2023. Credit Agricole is making the move to “reaffirm confidence” in Worldline, which was hit with scrutiny over its AML practices last year. French bank Credit Agricole announced this morning it has taken a 7% minority interest in payments services company Worldline.

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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.