VISTA InfoSec
JANUARY 23, 2024
Welcome back to our ongoing series on the Payment Card Industry Data Security Standard (PCI DSS). In our previous posts, we’ve covered the various requirements of this critical security standard. Today, we’re going to delve into Requirement 4, which focuses on protecting cardholder data with strong cryptography during transmission over open, public networks.
TechCrunch Fintech
JANUARY 23, 2024
Expense management startup Brex, which was valued at $12.3 billion two years ago, laid off 282 people, or about 20% of its staff today. The once high-flying fintech startup sent a note to employees (that was also published on the company’s website) today, announcing the news. In addition, Brex announced that its COO, Michael Tannenbaum, […] © 2023 TechCrunch.
Basis Theory
JANUARY 23, 2024
Like so many full-service payment providers , Stripe offers an apparently very simple proposition: run all your payment transactions through their system and pay a simple flat fee of 2.9% plus $0.30 (in the United States, anyway). The reality of their real business model, however, is anything but simple and includes revenue generators most of their merchant customers are surprised to learn more about.
The Payments Association
JANUARY 23, 2024
Ozone API, the open banking API platform founded by the team that designed open banking in the UK, today announced that it has raised a £8.5mn Series A round to fund its continued global expansion.
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 Dive
JANUARY 23, 2024
“This wasn’t a scaled business for Ally, but on our side, this is absolutely a scaled business,” Synchrony CEO Brian Doubles said Tuesday. “This is exactly the type of acquisition that we look for.
The Payments Association
JANUARY 23, 2024
2024 will herald much innovation in the payments world, with digital currencies and digital wallets firmly entering the mainstream and grabbing the lion’s share of headlines. However, UNITE Global - a new entrant currently flying somewhat under the radar - could enjoy one of the most impactful debuts for many years to shape the future of a critical payments marketplace.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
The Payments Association
JANUARY 23, 2024
As the digital landscape continues to evolve at an unprecedented pace, the payments industry finds itself standing at the intersection of innovation and transformation.
Fintech News
JANUARY 23, 2024
The Bank for International Settlements (BIS) has recently announced a new series of projects for its 2024 Innovation Hub programme. This initiative includes various projects, each focusing on financial technology and security aspects. Green Finance In 2024, the BIS Innovation Hub, Singapore Centre, is leading Project NGFS Data Directory 2.0, which aims to improve the Network for Greening the Financial System (NGFS) data directory platform.
Payments Dive
JANUARY 23, 2024
The Federal Reserve extended the time period during which it will accept public comments on its proposal to reduce the cap on debit card fees.
Bank Automation
JANUARY 23, 2024
Expense management company and neobank Brex announced today it will lay off 282 employees, roughly 20% of its workforce. The move will help Brex become “a high-velocity company” that is “leaner, faster and closer to customers,” Brex founder and co-chief executive Pedro Franceschi said in a release.
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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?
Payments Dive
JANUARY 23, 2024
Greg Adelson, the company’s current president and chief operating officer, will take the reins from outgoing CEO David Foss in July.
Bank Automation
JANUARY 23, 2024
Synchrony Financial is expanding its distribution network through acquisition and additional product offerings in 2024. The Stamford, Conn.-based company “continued to diversify our programs in 2023, broadening the utility of our offerings and extending our reach,” President and Chief Executive Brian Doubles said today during Synchrony’s fourth-quarter 2023 earnings call.
Payments Dive
JANUARY 23, 2024
Many venture-dependent startups that put off fundraising will be forced to do so this year or find an exit plan.
Fintech News
JANUARY 23, 2024
Bloomberg has unveiled a new tool, AI-Powered Earnings Call Summaries, on the Terminal, showcasing the practical use of artificial intelligence in enhancing the research process for analysts. The new tool is designed to simplify the complex task of dissecting financial information, enabling users to swiftly pinpoint essential insights from corporate management discussions.
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
Bank Automation
JANUARY 23, 2024
Klarna Bank AB, the Swedish fintech that was once Europe’s most valuable startup, may soon launch a stock market listing in the US, according to Chief Executive Officer Sebastian Siemiatkowski.
NFCW
JANUARY 23, 2024
INCENTED PROPOSAL: Apple says it is ready to open up NFC host card emulation in the European Union INCENTED PROPOSAL: Apple says it is ready to open up NFC host card emulation in the European Union INCENTED PROPOSAL: Apple says it is ready to open up NFC host card emulation in the European Union Apple has proposed to settle the European Commission’s Case AT.40452 – Mobile Payments by providing a new set of APIs that approved developers will be able to use to provide a host card emulation-b
The Fintech Times
JANUARY 23, 2024
January has been a busy month for the Central Bank of Saudi Arabia (SAMA). Following a request for public input on the “draft general rules for savings products at banks and banks”, the central bank has now licensed various firms to engage in payments and debt crowdfunding activities. Regarding payments, SAMA has licensed the Network International Arabia to practice the activity of payment services via points of sale, and Buraq to practice the activity of payment services via the electronic wall
Finovate
JANUARY 23, 2024
Open finance company MX introduced Customer Analytics for financial services providers this week. Customer Analytics leverages enhanced transaction data and actionable consumer insights to help financial services companies increase deposits and customer engagement. Lehi, Utah-based MX is a multiple-time Finovate Best of Show winner. Open finance innovator MX introduced Customer Analytics for financial services providers this week.
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.
The Fintech Times
JANUARY 23, 2024
The Fintech Times Bi-Weekly News Roundup on Tuesday 23 January 2024 serves up the latest partnerships, funding updates and appointments. Funding and investments Ozone API, the open banking API platform, has raised a £8.5million Series A round to fund its continued global expansion. The Series A round was led by Gresham House Ventures , a growth equity investor.
Finextra
JANUARY 23, 2024
Citi has launched a free desktop browser extension that helps cardholders search for offers and coupons at thousands of online merchants.
Fintech News
JANUARY 23, 2024
Singapore-based payment solutions provider AXS has partnered with Triple-A to introduce bill payments using digital currencies through AXS’s platforms. The service, accessible via AXS m-Station, supports cryptocurrencies like Bitcoin, Ether, Tether, and USD Coin. This initiative extends payment options for AXS users, encompassing a range of services from bill settlements to telecom card top-ups.
Finovate
JANUARY 23, 2024
Automated identity verification specialist Onfido announced the launch of its Compliance Suite. The Compliance Suite features qualified electronic signatures, one-time passwords, and no-code compliance workflows. Onfido made its Finovate debut at FinovateEurope 2018. Automated identity verification specialist Onfido unveiled its Compliance Suite this week.
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.
Finextra
JANUARY 23, 2024
Bluefin, the integrated payments pioneer in PCI-validated Point-to-Point (P2PE) encryption and tokenization services that protect payments and sensitive data, today announced the availability of PCI validated P2PE SmartPOS payment devices for their global customer base.
Finovate
JANUARY 23, 2024
ModernFi raised $18.7 million, boosting its total to $23.2 million. Canapi Ventures led the round, which ModernFi will use to market its platform to community and regional banks. ModernFi’s API-driven deposit network helps banks raise, maintain, and manage their deposits. API-driven deposit network ModernFi boosted its funding total to $23.2 million today after landing $18.7 million in Series A funding.
Nanonets
JANUARY 23, 2024
Automation in accounting? A game-changer! Imagine invoice processing costs dropping from $40 to $1.42 each. That's why accounting automation is among the hottest trends today. QuickBooks Online is a powerhouse in accounting, but pair it with Zapier's automation magic, and you get an unstoppable duo. You can connect QuickBooks with over 5000+ apps — no code needed.
Paymerang
JANUARY 23, 2024
Feeling like the month-end tasks are always looming over your AP team? One of the top challenges for accounts payable teams stem from maintaining outdated, manual-based processes.
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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.
Finextra
JANUARY 23, 2024
Onfido, the global leader in automated identity verification, today launched its Compliance Suite, an all-in-one identity verification solution that empowers fast-growth businesses to expand seamlessly into new markets and meet local regulatory needs for customer onboarding.
Nomentia
JANUARY 23, 2024
Treasury is developing at a rapid pace and like in other industries, the names of new emerging technologies are popping up here and there. It’s only natural though – for the last decade, we have been talking about digital transformation and treasury has truly embraced the idea of digitalizing and automating processes. Still today, the evolution of treasury continues.
Finextra
JANUARY 23, 2024
GoCardless, the bank payment company, and Comic Relief, the UK charity, have extended their relationship until 2026, enabling Comic Relief to continue using GoCardless for Direct Debit to easily collect recurring donations all year round.
The Fintech Times
JANUARY 23, 2024
Fintech Awards London, the annual event celebrating and recognising outstanding achievements within London’s vibrant fintech sector, is now accepting nominations for its third annual ceremony. This year’s awards promise to be a grand celebration, bringing together fintech professionals and companies that have made significant contributions to the UK’s capital and the fintech industry as a whole.
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