PCI Security Standards

SEPTEMBER 3, 2024

In a significant move, the PCI Security Standards Council (PCI SSC) has announced enhancements to its Point-to-Point Encryption (P2PE) Program for use with the currently published P2PE Standard v3.1, which provides the ability to validate and list P2PE solutions that cryptographically protect account data from the point where a merchant accepts a payment card to the secure point of decryption.

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Encryption Security Continuity Accounts 113

Fintech Finance

SEPTEMBER 3, 2024

ACI Worldwide (NASDAQ:ACIW), an innovator in global payments technology, today announced a collaboration with Red Hat Inc. , the world’s leading provider of open source solutions, to make ACI’s cloud-native Enterprise Payments Platform available on any cloud infrastructure. With this collaboration, ACI will help customers ease their migration to the cloud to better adapt to the rapidly evolving digital economy and power the next generation of payment services.

Payments 121

Payments Innovation Economy Global Payments 121

National Processing

SEPTEMBER 3, 2024

National Processing How to Use a Credit Card Processing Calculator to Save Money Save money by knowing how to use a credit card processing calculator. Also, learn blindspots of online fee calculators.

Credit Cards 88

Credit Cards Process Posting Payments 88

Basis Theory

SEPTEMBER 3, 2024

Learn the meaning behind the different parts found on a credit card, as well as their function and relevant PCI DSS requirements, with this overview and FAQ.

PCI DSS 104

PCI DSS Credit Cards Payments 104

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

Fintech News

SEPTEMBER 3, 2024

iFAST Global Bank (iGB), the UK digital banking arm of iFAST Corporation , has launched EzRemit , a new cross-currency transfer service for its digital personal banking customers. The service allows customers to transfer money to over 50 countries in more than 25 currencies. Building on its existing offerings for business clients, iGB is now extending the service to personal banking customers.

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eWallet FinTech Process Posting 112

Finextra

SEPTEMBER 3, 2024

Three men have pleaded guilty to operating a subscription-based Web service in the UK that enabled criminals to circumvent One-Time-Passcode (OTP) anti-fraud checks.

Scams 101

Scams Checks 101

Payments Dive

SEPTEMBER 3, 2024

Two buy now, pay later companies pivoted in offering their services in the state because it insists they must be licensed to provide loans.

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BNPL 97

Fintech Review

SEPTEMBER 3, 2024

The digital payments landscape is rapidly evolving, driven by technological advancements and changing consumer preferences. As we look towards 2025, several key trends are shaping the future of digital payments, including contactless payments, cryptocurrency transactions, and mobile payment solutions. Digital payments in 2025: current trends and predictions for the future, offering insights on how businesses and consumers can prepare for these impending changes.

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Payments Trends Digital Payments Contactless Payments Cryptocurrency 94

Fintech Finance

SEPTEMBER 3, 2024

Zilch , the world’s first ad-subsidised payments network (ASPN), today announced its first month of operating profit while surpassing a revenue run rate of more than $130m (£100m). The business has reached these milestones within just four years of launching its groundbreaking consumer payment platform. Zilch also announced the appointment to its Board of Mark Wilson, former CEO of Aviva and AIA and current member of BlackRock’s Board of Directors.

Payment Networks 98

Payment Networks Financial Inclusion Finance FinTech 98

Fintech News

SEPTEMBER 3, 2024

Thailand’s Prime Minister Paetongtarn Shinawatra announced that a portion of the government’s 450 billion baht (US$13.1 billion) “digital wallet” handout will be distributed in cash, marking a shift in the flagship policy. The scheme, initially intended to transfer 10,000 baht in digital credits to 50 million citizens for use within their localities, is undergoing final adjustments, with details to be disclosed in an upcoming parliamentary policy statement.

Adjustments 101

Adjustments Government Governance Central Bank 101

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Use Case

Payments Dive

SEPTEMBER 3, 2024

A recent survey by the bank is leading it to bring its payments and banking tools together to work for small and mid-size business clients in a more simplified way.

Payments 78

Payments 78

Fintech News

SEPTEMBER 3, 2024

Payments infrastructure company TerraPay has announced the appointment of Ralph Koker as its Global Head of Products. Koker’s role at TerraPay will involve refining the company’s product strategy and leading its go-to-market initiatives. He has over two decades of experience in product strategy and development within the financial services industry.

Product 98

Product Interoperability SWIFT Innovation 98

Fintech Finance

SEPTEMBER 3, 2024

Vasmobile Fintelco is launching SkoolID, the African School ID and Smart Payment Card , based on the biometric card platform from IDEX Biometrics. The agreement and first production order represent a value of $1.4 million, with delivery starting in the fourth quarter of 2024. The multi-year agreement sets Vasmobile up to scale across Kenya in 2025 and further expansion into other parts of Africa as of 2026.

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Agreements Use Case Payment Networks Technology 95

Bank Automation

SEPTEMBER 3, 2024

Chase customers claimed to have identified a glitch in Chase ATMs during Labor Day weekend, allowing them to deposit false checks and withdraw large sums of cash from accounts potentially without the funds to cover the withdrawals. This past weekend, Chase clients took to TikTok to share “the glitch” in the $3.8 trillion bank’s system. […] The post Chase check fraud not ‘a glitch,’ expert says appeared first on Bank Automation News.

Checks 81

Checks ATM Automation Accounts 81

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

Fintech Finance

SEPTEMBER 3, 2024

As of 2nd September, Kenneth M. Overgaard-Nielsen joins the management team of the German payment service provider (PSP) Computop as Chief Operation Officer (COO). He joins Ralf Gladis, CEO and founder, Stephan Kück, CTO/ CSO, and Thomas Egglseder, CFO. Overgaard-Nielsen’s areas of responsibility include the Business Solutions department, which covers processes and internal systems, and the Merchant Services department, which supports Computop customers with connections and answers technic

Payment Service Provider (PSP) 95

Payment Service Provider (PSP) Service Provider Automation International Payments 95

Bank Automation

SEPTEMBER 3, 2024

U.S. Bank is developing AI and automation-driven solutions to improve productivity for its small and medium-sized business clients. Nearly 71% of U.S.-based SMBs think that digital solutions including AI and financial management tools can make their jobs easier, according to the U.S. Bank 2024 Small Business Perspective survey published on Aug. 26.

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AI Small Business On-Demand Automation 78

Payments Dive

SEPTEMBER 3, 2024

The two firms are working together again as other payment giants collaborate on checkout enhancements.

PayPal 88

PayPal Payments 88

Finovate

SEPTEMBER 3, 2024

The last time we covered open banking infrastructure company Axway , was a little over a year ago in the wake of the company’s acquisition of e-invoicing specialist AdValvas. Today, the Scottsdale, Arizona-based firm is back in the fintech news headlines with another acquisition announcement. The firm has officially sealed the deal with core banking software vendor Sopra Banking Software by acquiring the company for $364 million (€330 million).

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Acquirers API Credit Cards Security 72

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

Finextra

SEPTEMBER 3, 2024

London-based start-up Vyne, a real-time account-to-account (A2A) payments platform for online businesses, has been acquired by Middle Eastern open banking player Tarabut, for an undisclosed sum.

Acquirers 72

Acquirers Payments Accounts 72

The Fintech Times

SEPTEMBER 3, 2024

2024 is proving another standout year for the regulatory space, finding itself under the spotlight, for better and worse reasons. This month, The Fintech Times is looking at some of the biggest issues regarding compliance and financial rules, as well as the solutions hoping to ease the compliance journey for firms and make the fintech world fairer and safer.

FinTech 69

FinTech Regulatory Compliance Compliance Cybersecurity 69

Finextra

SEPTEMBER 3, 2024

UAE-based buy now, pay later player Tabby is to acquire Saudi digital wallet Tweeq, expanding its product suite to offer customers spending accounts with money management tools.

Acquirers 64

Acquirers Accounts Product 64

The Fintech Times

SEPTEMBER 3, 2024

Experian , the multinational data analytics and consumer credit reporting company, is partnering with Paylink , an affordability software and payments provider, to address affordability restrictions with debt consolidation loans. Through the new partnership, Experian will leverage the ‘ReFi’ product by Paylink, expanding access to credit for a wider range of consumers through the Experian Marketplace.

Credit Cards 69

Credit Cards Financial Inclusion Underwriting Addressing 69

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

Finextra

SEPTEMBER 3, 2024

Lloyds Bank is to use AI technology from Cleareye to eliminate the manual drudgery of paper processing and compliance checking for trade finance documentation.

Checks 69

Checks AI Finance Automation 69

Finovate

SEPTEMBER 3, 2024

As “Back to School” season begins, we’re looking forward to a surge of fintech news over the next few days and weeks. Finovate’s Fintech Rundown is your one-stop-shop for the latest headlines, announcements, and updates. Payments ACI Worldwide partners with Red Hat to make its Enterprise Payments Platform available on any cloud infrastructure.

FinTech 64

FinTech Alternative Payment Methods Embedded Finance Embedded Payments 64

Finextra

SEPTEMBER 3, 2024

UAE-based payments fintech Ziina has secured $22 million in a Series A funding round led by Altos Ventures, with participation from other top-tier investors including Fintech Collective, FJ Labs, Avenir Growth, Y Combinator, and Jabbar Internet Group.

FinTech 64

FinTech Participant Payments Security 64

The Fintech Times

SEPTEMBER 3, 2024

Tabby , the shopping and financial services app for the MENA region, has agreed to acquire Tweeq , the Saudi-based digital wallet licensed by the Saudi Central Bank. Announced at 24 Fintech , Saudi’s flagship fintech event, Tweeq will partner with Tabby following the acquisition, pending regulatory approval, to expand its services within Tabby’s ecosystem and consumer scale.

Acquirers 64

Acquirers BNPL Central Bank Legal 64

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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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Finextra

SEPTEMBER 3, 2024

ACI Worldwide (NASDAQ:ACIW), an innovator in global payments technology, today announced a collaboration with Red Hat Inc., the world’s leading provider of open source solutions, to make ACI’s cloud-native Enterprise Payments Platform available on any cloud infrastructure.

Payments 64

Payments Global Payments Innovation Technology 64

The Fintech Times

SEPTEMBER 3, 2024

Remittances are a crucial part of many developing markets’ economies. However, the costs are often barriers stopping users from truly benefitting from money being sent, with fees being as high as 13 per cent. To remove this hurdle, Sasai Money Transfer , the international money transfer operator and business of Cassava Technologies , has partnered with Airtel Money , the Indian payments bank.

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Origination Volume Economy FinTech 64

Finextra

SEPTEMBER 3, 2024

Wearable payments vendor McLear is closing down its flagship Ring pre-paid programme, blaming the increasing complexity and cost of maintaining the product.

Payments 64

Payments Product 64

The Fintech Times

SEPTEMBER 3, 2024

Business analytics enterprise, IBM , has unveiled new technologies designed to significantly scale processing capacity across IBM Z mainframe systems helping accelerate the use of traditional AI models and Large Language Models (LLMs). With many generative AI projects leveraging LLMs moving from proof-of-concept to production, the demands for power-efficient, secured and scalable solutions have emerged as key priorities.

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Use Case AI Innovation CHIPS 64

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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.

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