Tue.Nov 28, 2023

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Just Published: PCI DSS v4.x Targeted Risk Analysis Guidance

PCI Security Standards

Risk analysis is a foundational tool to help organizations identify and prioritize potential threats and vulnerabilities within their environment. PCI DSS v4.0 introduced the concept of targeted risk analysis (TRA) with two different types of TRAs to provide entities with the flexibility to evaluate risk and determine the security impact of specific requirement controls, as appropriate for their environment.

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Synchrony to sell pet insurance subsidiary for $750M gain

Payments Dive

As part of the sale, Synchrony will also acquire an equity interest in Independence Pet Holdings.

Acquirers 158
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Candex lands $45M infusion to grow its procurement management business

TechCrunch Fintech

Candex, a startup that aims to simplify procurement — specifically vendor management and payment processes — for businesses, today announced that it raised $45 million in a Series B investment led by Goldman Sachs with participation from WiL (World Innovation Lab), Altos, NFX, Craft, JP Morgan, American Express and Edenred. The tranche brings Candex’s total […] © 2023 TechCrunch.

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Chase credit card snafu trips up Black Friday shoppers

Payments Dive

The biggest bank in the U.S. erroneously declined some credit card users’ purchases on Black Friday, the busiest shopping day of the year.

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Future-Proofing Enterprise Commerce: Why Extensibility Wins with Shopify

Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón

Enterprise commerce is evolving fast, and brands relying on rigid, one-size-fits-all solutions risk losing agility. But modernization doesn’t have to mean disruption. In this webinar, we’ll explore how an extensible, modular approach empowers brands to integrate new capabilities, enhance performance, and scale efficiently—all while leveraging Shopify’s strengths.

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Webull leaps into Mexico with acquisition of stock trading app Flink

TechCrunch Fintech

Popular stock trading app Webull has acquired Mexican investment platform Flink, giving it an entry into the Mexico market. Financial terms of the deal were not disclosed. Although Webull has China roots, it is based in the United States and rivals Robinhood in the country as a low-commission online trading platform that also offers cash […] © 2023 TechCrunch.

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Scotiabank pulls back on headcount in fiscal Q4

Bank Automation

Scotiabank reduced its headcount and branch footprint in its fiscal fourth quarter as part of its restructuring initiatives to pull back on costs. The Canadian bank’s headcount fell 2% year over year to 89,483 and total branches also fell 2% YoY to 2,379, according to the bank’s earnings supplement for the quarter ended Oct. 31.

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European fintech funding: Fintechs struggle with profitability

Bank Automation

European fintech funding experienced a massive drop in funding and number of deals in the third quarter. In Q3, European fintechs raised $1.

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7 Expert Invoicing Tips That Can Help You Get Paid Faster

Paystand

Gear up for year-end by accelerating your invoice payments. Go digital with electronic invoices, automate collections, and offer early payment perks. Save time and improve cash flow with these expert tips.

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SME Payments Opportunities Crystallised by Digitisation

Currencycloud

In conjunction with the Emerging Payments Association Asia (EPAA), Currencycloud organised a roundtable discussion with a select group of payments professionals to discuss the challenges of SME payments as well as the benefit and limits of digital solutions. We invited Joanne Walker from EY and David Helen from Regional Australian Bank to join us as expert speakers, in a session that was moderated by Lance Blockley of payments consultancy The Initiatives Group.

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The Dangers of Managing ACH Transactions In-House

Paymerang

If your business is using Automated Clearing House (ACH) transactions to pay more of its suppliers, you are not alone. Some 1.7 billion B2B transactions were made via ACH in the third quarter of 2023, a 9.6 percent increase from a year earlier, per NACHA, which governs the ACH Network.

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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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Mastercard’s Network Enablement Partnership

Segpay

3 minute read Sharing information between card associations and service providers like payment facilitators and independent payment operators is important. The information typically flows from the card brands to the acquirers and then to service providers like Segpay. Because of the multi-stop information communication flow, answers to questions can sometimes get stuck in an information traffic jam.

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The Three Largest Surprises in PSD3: Exchange of Fraud Data

BioCatch

In my last blog in the series, I examined the fraud liability policies put forth in the latest PSD3 proposal and some of the missed opportunities. In the second blog, I will take a closer look at what the European Commission (EC) is proposing related to the exchange of fraud-related data between banks.

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Canada’s York University rolls out mobile student IDs to reduce plastic usage

NFCW

DIGITAL ID: The YU-card can be used to access campus buildings and services and make purchases Students and staff at York University in the Canadian city of Toronto can now store a digital version of their ID card on their Apple or Android device and use it to access university buildings, access on-site services including libraries, events and exams and make purchases at on-campus retail outlets.

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The Paypers launches the Open Finance Report 2023

The Paypers

The Paypers has released of the 7th edition of the Open Finance report, titled ‘ The Open Revolution: From Open Banking to Open Finance. The Road to Open Data Continues.

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The Evolving Retailers Fulfillment Strategy: Meeting Demands with Agility

Speaker: Becky Parisotto and John Vurdelja

Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever

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Tis the Season for Gift Cards

Innovative Payments Association

Gift cards are expected to make up a larger part of holiday shopping budgets, according to new research from Blackhawk Network. In th e latest episode of the IPA Payments Podcast , Jay Jaffin , chief ma rketing officer at Blackhawk, discusses the expected growth in gift card purchases, why cards benefit merchants and shoppers, and how banks and other companies can make use of the trend.

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Worldline granted Payment Institution Authorisation by the FCA in the UK

The Paypers

Payment services provider Worldline has announced it was granted Payment Institution Authorisation by the Financial Conduct Authority (FCA) in the UK.

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NatWest launches board game to educate people about scams

Finextra

Just in time for Christmas, NatWest has launched a board game, 'All Mod Cons' to educate the public about top modern scam techniques.

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Entrust launches digital account opening solution

The Paypers

US-based security software provider Entrust has announced the launch of a new digital account opening solution that aims to improve the banking experience.

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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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Worldline awarded Payment Institution authorisation by the FCA

Finextra

Worldline (Euronext: WLN), a global leader in payment services, announces it has been granted Payment Institution Authorisation by the Financial Conduct Authority (FCA).

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EPC goes live with its OCT Inst cross-currency payment scheme

The Paypers

The European Payments Council (EPC) has announced the launch of a new payment scheme designed for international instant credit transfers.

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Banks still lagging in meeting risk data aggregation and reporting principles

Finextra

The Basel Committee on Banking Supervision today published a progress report on banks' implementation of the BCBS 239 Principles for effective risk data aggregation and reporting.

Risk 40
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Payment Components partners with Fimple

The Paypers

Payment software solutions provider Payment Components has announced its strategic partnership with Fimple in order to offer an improved experience for banks and FIs.

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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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Contis slapped with $840K fine over AML violations

Finextra

Electronic Money Institution Contis has been fined €840,000 by the Bank of Lithuania over a series of anti-money laundering violations.

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Klarna partners with Cathay Pacific

The Paypers

AI-powered payments network and shopping assistant Klarna has announced its partnership with airline Cathay Pacific to improve travel payments in Europe.

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FCA sets out greenwashing rules

Finextra

The Financial Conduct Authority has moved to clamp down on greenwashing by putting in place sustainability disclosure requirements and an investment labels regime.

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Clara launches a payment account in Brazil

The Paypers

Latin American fintech Clara has launched a new payment account in Brazil with the goal of reaching USD 1.23 billion in transactions in 2024.

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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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UK's Paymentsense scores Irish e-money licence

Finextra

UK-based PaymentSense is entering the Irish market under the Dojo trading name after securing an e-money licence from the country's central bank.

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CGI partners with Amazon

The Paypers

CGI has integrated its cloud-ready enterprise payment solution CGI All Payments on the Amazon Web Services Marketplace, to offer global clients payment modernisation.

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The escalating costs of global financial crime compliance

Neopay

The digital revolution, spearheaded by digital banking, cryptocurrency, artificial intelligence (AI), and digital payment systems, has significantly contributed to the exponential rise in global financial crime compliance costs. According to the recent findings of the True Cost of Financial Crime Compliance Study by LexisNexis Risk Solutions for 2023, the increasing costs have surpassed a staggering $200 billion.

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Clarity AI joins forces with AWS

The Paypers

Amazon Web Services (AWS) has announced that Clarity AI intends to leverage its generative AI, machine learning (ML), and analytics to advance sustainable investing.

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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.