Mon.Feb 12, 2024

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Card networks to implement gun code in California: report

Payments Dive

Visa, Mastercard and American Express are moving forward with use of a new gun merchant category code for credit card purchases in California, according to CBS News.

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Moneyhub boards public sector open banking push

Finextra

Moneyhub has been named as a supplier on Crown Commercial Service’s (CCS) Open Banking Dynamic Purchasing System (DPS) framework for its account-to-account payment services.

Accounts 130
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More than half of P2P fraud victims lose money: AARP

Payments Dive

“When it comes to addressing instances of financial exploitation, consumers are less likely to trust P2P platforms than banks and credit unions,” an AARP survey reported.

P2P 103
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US fraud losses top $10bn in 2023

Finextra

Americans lost more than $10 billion to fraud in 2023, with investment scams accounting for nearly half of the losses, Federal Trade Commission data shows.

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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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Affirm takes cautious approach to six-month outlook

Payments Dive

The buy now, pay later company’s forecast for the rest of the fiscal year was conservative, analysts said, even though revenue and merchandise volume jumped over the prior year during the holiday season.

Volume 97
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Score is a new dating app for people with good to excellent credit

TechCrunch Fintech

You must have at least a 675 credit score to use it. © 2024 TechCrunch. All rights reserved. For personal use only.

FinTech 139

More Trending

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Visa boosts B2B digital wallet capabilities

Finextra

Visa is teaming up with Conferma Pay to let financial institutions add virtual corporate cards into employees’ digital wallets.

B2B 128
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Bill Holdings, Bank of America revamp contract

Payments Dive

The provider of bill-pay software services was expecting to extend its services to more of the bank's clients, but now the bank is changing its plans.

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How Visa and MasterCard Shape the Payments Industry

Clearly Payments

At the forefront of payment industry, particularly in credit cards, are two giants: Visa and Mastercard. As the world’s leading payment networks , Visa and Mastercard play a pivotal role in shaping the landscape of electronic payments on a global scale. This article aims to explore the impact that Visa and Mastercard has on the payment industry, examining their influence on innovation, regulation, consumer behavior, and the broader economy.

Visa 90
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Managing your cloud migration strategy

Finextra

Josh West, Senior Principal Solutions Architect, Global Financial Services, Red Hat, discusses the key factors financial institutions must consider when transitioning to the public cloud. We explore how the finance sector can leverage innovations and platforms to drive business growth and enhance customer satisfaction to achieve economies of scale. Additionally, we examine cloud adoption strategies, including how to navigate the high costs associated with full cloud migration.

Economy 90
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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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Fintech Funding: Overflow raises $20M in series B 

Bank Automation

Investors expect funding activity to rebound in 2024 following a year of uncertain macroeconomic conditions. In 2023, global fintech equity deals amounted to $39.2 billion, compared to $78.6 billion in 2022, recording a 50% year-over-year drop, according to a Jan. 18 State of Fintech report by CB Insights, a data intelligence company.

FinTech 80
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Key Churn Indicators to Focus On: Staying Ahead of the Game

Chargebee

Every business should keep an eye on the customer churn rate. This metric lets you know the percentage of customers that have stopped paying for/have canceled their account with your business services or products over a given period of time. What’s considered to be a “good churn rate” percentage will vary depending on the industry, but you should have a clear understanding of what churn is to keep it as low as possible.

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JPM builds its own omnichannel payments offering

Bank Automation

J.P. Morgan Payments introduced its omnichannel checkout solution in January to offer a retail shopping experience that is native across shopping channels. “Merchants need to provide journeys that natively go across channels,” Jean-Marc Thienpont, managing director of omnichannel and biometric solutions at J.P. Morgan Payments, told Bank Automation News.

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Banque Centrale de Tunisie joins Pan African Payment and Settlement System

Finextra

The Pan African Payment and Settlement System (PAPSS) is proud to announce the entry of Banque Centrale de Tunisie (BCT) into its network as its thirteenth Central Bank member, further strengthening its commitment to promoting seamless cross-border payment services and enhancing financial integration across the African continent.

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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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Capital One Uncovers Extent of US Consumers’ Digital and Financial Literacy 

The Fintech Times

New research has been released by Capital One Insights Center , the research facility for the America-based bank, revealing the extent of consumers’ digital and financial literacy. The Capital One research shows some promising signs and some causes for concern simultaneously. Eighty-six per cent of Americans know how to protect themselves and their personal information online.

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OKX launches crypto exchange services in Argentina

The Paypers

Cryptocurrency exchange OKX has announced its expansion into the Argentinian market as part of its ongoing strategy to tap the Latin American market.

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Post Investment: Can Fintech Rebuild on Value, Not Hype?

The Fintech Times

The pendulum seems to be swinging from the era of easy capital and rapid growth to a more sobering reality of value creation. In this transformative period, Scott Dawson , a seasoned veteran with over two decades of experience in the payments industry and currently the head of sales and strategic partnerships at payment platform DECTA , delves into this transition, offering an understanding of the strategic opportunities emerging amid industry challenges.

Posting 69
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Philippines announces non-blockchain CBDC plans

The Paypers

Bangko Sentral ng Pilipinas (BSP) has revealed the intention to launch a wholesale central bank digital currency (CBDC) by 2026.

CBDC 81
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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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Empowering Startups with the Visa Africa Fintech Accelerator: In Conversation With Konnect

The Fintech Times

Exploring Africa’s blossoming fintech ecosystem, The Fintech Times delves into the success of Visa ’s Accelerator Program from the cohort’s perspective, uncovering the program’s instrumental role in fostering and bolstering startups across the continent. With the fintech startup scene growing at an exponential rate, the Visa Africa Fintech Accelerator aims to support these startups across the continent in a 12-week virtual program to support them in their next stage of growth.

FinTech 64
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Revolut to Add New Telecom Service

Finovate

Revolut has partnered with 1Global to offer telecom services to its users. Starting this week, Revolut will offer eSIMs to customers in all five membership tiers. Users in Revolut’s Ultra membership tier will benefit from 3GB of data they can use across international borders. Members in other tiers can pay to top up their data. In an exclusive announcement with CNBC, global financial services innovator Revolut revealed it plans to begin offering telecom services in the U.K.

CHIPS 59
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Stablecoin Surge Tracked: Cambridge Digital Money Dashboard Offers Real-Time Insights

The Fintech Times

The Cambridge Centre for Alternative Finance (CCAF) has launched a new tool providing real-time data and educational resources on digital money with an initial focus on stablecoins. The stablecoin market has surged from less than $3billion in 2019 to more than $130billion in 2024. This rapid expansion has been accompanied by several market events that have caused major depegs in various stablecoins, prompting a heightened effort towards regulation and supervision.

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Finastra and Tesselate Team Up to Power Trade Finance Digitization

Finovate

Finastra and Tesselate announced a partnership to facilitate faster and easier trade finance digitization. The two companies launched Tegula Trade Finance as a Service which enables banks to automate manual processes, increase efficiencies, and reduce processing times. Finastra was formed in 2017 from a merger between Finovate alum Misys and D+H. A partnership between Finastra and digital transformation consultancy Tesselate will facilitate faster and easier trade finance digitization courtesy o

Finance 59
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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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Two Sides to a Coin: February Sees ADGM Issue Regulatory Fines and Advance Innovation Ecosystem

The Fintech Times

As we approach the midpoint of February, the Abu Dhabi Global Market (ADGM) has been in the spotlight for celebrating achievements as well as penalising firms for breaching regulations. The Financial Services Regulatory Authority (FSRA) of ADGM has imposed penalties on six financial institutions for contraventions of the Common Reporting Standard Regulations 2017 (‘the Regulations’).

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Mia Share secures $6.5 million in funding

Finextra

Mia Share, a full-stack payments solution designed specifically to meet the tuition management and payment needs of trade and technical schools, today announced that it has closed its seed round with $6.5 million in funding.

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Business-to-business ACH: How it works and why it’s worth it

Cardknox

Table of Contents Business-to-business ACH explained How do business-to-business ACH payments work? Benefits of ACH payments for businesses Choosing the right partner for ACH payment processing How Cardknox can help […] The post Business-to-business ACH: How it works and why it’s worth it appeared first on Cardknox.

ACH 52
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Visa and Egyptian Banks Company to facilitate remittances for Egyptians abroad

Finextra

Visa, a world leader in digital payments, announced the signing of a Memorandum of Understanding (MoU) with Egyptian Banks Co. for Technological Advancements (EBC), the operator and developer of national payment networks and ecosystems, in collaboration with the Central Bank of Egypt (CBE).

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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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Founders Series: Five Conversations on Hiring

Finovate

Headlines announcing layoffs in fintech and banking have been pulsing throughout the news cycle since the start of last year. And according to one fintech expert , we may see more throughout 2024. And while there is no doubt that layoffs and job losses are personally devastating to those involved, there may be a silver lining. Freeing up talent– especially experienced and/or technical talent– allows other organizations in the sector the opportunity to capture new, experienced profess

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FTT Payments launches in London alongside three additional co-located events

Fintech Finance

VC Innovations , a leading marketing services agency with a global community of over 200,000 digital transformation leaders from across financial services, fintech and a broad range of non-financial brands, has announced the launch of FTT Payments in London. Although a launch, the event will be co-located with three well established brands from VC Innovations: FTT Embedded Finance & Super Apps , Customer Alpha and Future Identity Customer.

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What is the Role of AI in Lending and Loan Management?

Nanonets

In the age of relentless technological advancement, artificial intelligence has emerged as the unsung hero, revolutionizing industries one algorithm at a time. Among the sectors witnessing a seismic shift, the lending and loan management world stands at the forefront of this AI-powered evolution. As traditional financial models strain under the weight of data and the demand for rapid, personalized decisions, artificial intelligence emerges as the beacon of innovation, reshaping the landscape wit

AI 52
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Visa Expands Its Digital Wallet Capabilities and Availability

Fintech Finance

Visa (NYSE:V), a global leader in digital payments, announced extended digital wallet capabilities within Visa Commercial Pay, a suite of B2B payment solutions built in partnership with Conferma Pay, the world’s foremost provider of virtual payments technology, to revolutionize how businesses manage transactions globally. The innovation enables financial institutions to add virtual corporate cards into an employees’ digital wallet – including third-party wallets such as Apple Pay and Google Pay

B2B 52
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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.