PCI Security Standards

NOVEMBER 27, 2023

Welcome to this episode of Coffee with the Council. I'm Alicia Malone, Senior Manager of Public Relations at the PCI Security Standards Council. Today I'm joined by my co-host for the day, Director of Communications, Simon Kleine, at EMVCo. And we're having a conversation with Arman Aygen, Director of Technology at EMVCo, and PCI Security Standard Council's VP of Solution Standards, Andrew Jamieson.

Mobile Payments 105

Mobile Payments Payments Security Technology 105

TechCrunch Fintech

NOVEMBER 27, 2023

Hussain Elius is best known as the co-founder of Pathao, one of Bangladesh’s top ride-sharing apps. For his latest startup, however, Elius is exploring the world of DeFi with Wind.app, a self-custodial, smart contract wallet with three main features. The first is enabling businesses to send payments to remote employees around the world. The second […] © 2023 TechCrunch.

Consumer 117

Consumer Payments Blockchain FinTech 117

Basis Theory

NOVEMBER 27, 2023

In the first four posts of this five-part series, we covered the rules of payment processing for high risk merchants, what causes processors to shut down merchants, and how merchants can stay operational with one or many PSPs.

Risk 88

Risk Process Processors Payments 88

Stax

NOVEMBER 27, 2023

204.5 billion. That’s the amount of non-cash payments made in the U.S. in 2021, according to the Federal Reserve. That’s a lot of money being exchanged—and also provides a huge amount of possibility for financial crime. Financial crime can take on several faces, including (cyber) fraud, cryptocurrency scams, and money laundering—and companies offering financial services can lose out on serious bucks.

Due Diligence 88

Due Diligence Money Laundering AML Financial Crimes 88

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

Payments Dive

NOVEMBER 27, 2023

The divestiture mainly consisted of merchant contracts, Voyix’s front-end authorization platform “and certain relevant intellectual property,” the company said in its quarterly filing.

Authorization 88

Authorization Payments 88

Bank Automation

NOVEMBER 27, 2023

Truist Financial continued its managerial overhaul this month with appointments to fill the new chief operating officer position as well as chief consumer and small business banking officer and chief wholesale banking officer. The $535 billion bank made the following changes: Vice Chair Beau Cummins became COO effective Nov.

NOV 80

NOV Small Business Continuity Consumer 80

Bank Automation

NOVEMBER 27, 2023

As demand for embedded payment offerings continues to climb, Citigroup’s Citi Pay plans to keep up. Global revenue from embedded payments is expected to reach $59 billion by 2027, up from $32 billion in 2023, according to a study by Juniper Research.

Payments Strategy 78

Payments Strategy Embedded Payments Digital Payments Payments 78

Payments Dive

NOVEMBER 27, 2023

Staffed checkout registers are losing importance, and industry executives are eyeing mobile-based, scan-and-go technology, according to a recent survey.

Technology 78

Technology 78

FloQast

NOVEMBER 27, 2023

For public companies, transparency and accountability are absolutely crucial, ensuring the trust of investors and stakeholders alike. Enter the Sarbanes-Oxley Act—a watershed regulation crafted in response to the high-profile financial scandals that shook the business world in the early 2000s, including Enron, Tyco, and WorldCom. While the Act itself covers a broad spectrum of corporate governance, it’s Section 404 that zooms in tight on the financial integrity of publicly traded companies

Compliance 52

Compliance Risk Assessment Audit Risk Management 52

Payments Dive

NOVEMBER 27, 2023

Burger King, Taco Bell and Shake Shack are among the chains adding this technology to boost tabs and reduce labor pressure.

Technology 78

Technology 78

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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?

Use Case

Tearsheet

NOVEMBER 27, 2023

Faced with changing financial demands, businesses often encounter the need for flexibility in financial transactions. That’s led to the emergence of ad hoc payments. But, these spontaneous and irregular payments, while addressing immediate needs, can become a double-edged sword for enterprises as they introduce inconveniences to their usual invoicing and payroll processes.

Instant Payments 52

Instant Payments Zelle Payments Economy 52

Payments Dive

NOVEMBER 27, 2023

For online retailers, reducing cart abandonment is a priority all year long, especially as we approach the holiday season.

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Finextra

NOVEMBER 27, 2023

The Australian banking industry is ushering in a raft of reforms to keep customers safe from scammers, including a $100 million investment to build a new Confirmation of Payee system.

Payee 52

Payee Scams 52

Tribe Payments

NOVEMBER 27, 2023

What does payments infrastructure orchestration mean? And how is it enhancing efficiency for financial institutions? Tribe Payments MD Alex Reddish reveals all in the last of our preview articles for next year.

Payments 52

Payments 52

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

Neopay

NOVEMBER 27, 2023

Revolut is the most common recipient of Faster Payments made by crypto investment scam victims at Lloyds Banking Group, which is reporting a surge in get-rich-quick adverts on social media. The number of cryptocurrency investment scams reported by victims so far this year has risen by 23%, compared to the same period in 2022, notes the bank. The average amount lost by each victim of a crypto investment scam is £10,741, more than any other type of consumer fraud.

Scams 52

Scams Fraud Prevention Faster Payments Accounts 52

NFCW

NOVEMBER 27, 2023

The US Consumer Financial Protection Bureau (CFPB) is proposing to subject large non-bank companies that offer consumer finance services including digital wallets and payment apps – such as Apple and Google – to the same regulatory scrutiny and oversight as banks, credit unions and other financial institutions. The CFPB’s proposed rule would apply to larger non-bank digital consumer payment companies handling more than 5m transactions a year that “blur the traditional lines that have separated b

Consumer Financial Protection Bureau (CFPB) 52

Consumer Financial Protection Bureau (CFPB) Rules CFPB Consumer 52

Neopay

NOVEMBER 27, 2023

The European Council and European Parliament have struck a provisional agreement on the mandatory provision of instant credit transfers in euros and access to central bank payment rails by non-bank e-money institutions and stablecoin issuers. Under the planned rules, payment service providers, such as banks, which provide standard credit transfers in euro, will also be required to offer the service of sending and receiving instant payments in euro at no extra charge.

Instant Payments 52

Instant Payments Stablecoins Non-Bank IBAN 52

Nanonets

NOVEMBER 27, 2023

Managing cash flow within your business is paramount to financial success – that’s a no-brainer. While accrual accounting lets you tweak and massage stats to reflect non-cash expenses, all businesses live and die on cash accounting: are your products or services bringing in more cash than you’re sending out?  While selling a superior service or product relies on forces outside of your control, like market and economic factors, you can manage your cash outflow to a decen

Audit 52

Audit Accounts Legal Due Diligence 52

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

Neopay

NOVEMBER 27, 2023

Nearly half of all banks are looking to buy majority stakes in fintechs to fend off the threat from Big Tech companies muscling into the payments arena, according to an Economist Impact report. The study, which surveyed 300 banks on behalf of core banking platform Temenos, found that 40% of banks see tech giants as their biggest competitors in the next five years.

FinTech 52

FinTech CashApp Rules Non-Bank 52

The Finance Weekly

NOVEMBER 27, 2023

Why KPIs are Important to your Business? In managing a small business, it's important not to rely solely on your intuition. Key Performance Indicators (KPIs) play a crucial role, especially in , financial reporting. To assess your company's financial well-being, it's better to be objective rather than subjective. This ensures that decisions are based on information and data.

Assessments 52

Assessments Returns Accounts Automation 52

Neopay

NOVEMBER 27, 2023

The Financial Conduct Authority (FCA) and the Bank of England (the Bank) are requesting feedback on their proposed approach to regulating stablecoins. The Bank’s proposals cover any payment systems in the future that use stablecoins in the UK at systemic scale. Stablecoins are a new type of digital asset which aim to maintain a stable value. They could be used for retail payments in the future.

Stablecoins 52

Stablecoins Regulations Money Laundering Issuers 52

Nanonets

NOVEMBER 27, 2023

In most companies, the accounts payable team is responsible for sending payments to vendors, customers, and other business partners. Opposite the AP team, the accounts receivable team is in charge of collecting outstanding payments from customers and business partners. These transactions – both incoming and outgoing payments – determine whether or not a business will continue to function.

Payment Amount 52

Payment Amount Venmo Settlement Process 52

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

Neopay

NOVEMBER 27, 2023

The UK should use open banking to provide retailers with an alternative to card payments and to improve “clunky” P2P bank transfers, says a new government-commissioned review. Published alongside the chancellor’s Autumn Statement, the independent review into the future of payments – led by Joe Garner, former CEO of Nationwide Building Society – calls for a national payments vision and strategy to simplify a well-developed but complex environment.

P2P 52

P2P Push-to-Card Consumer Protection Visa 52

Fraud.net

NOVEMBER 27, 2023

Cathy Ross, Fraud.net's co-founder the recipient of a Stevie® Award for 2023 Women in Business, her second win in the same category.

Fraud Detection 52

Fraud Detection Fraud Prevention Risk Management Transactions 52

Neopay

NOVEMBER 27, 2023

The European Banking Authority (EBA) has launched a public consultation on new Guidelines on preventing the abuse of funds and certain crypto-assets transfers for money laundering and terrorist financing purposes. These ‘travel rule’ Guidelines specify the steps that Payment Service Providers (PSPs), Intermediary PSPs (IPSPs), crypto-asset service providers (CASPs) and Intermediary CASPs (ICASPs) should take to detect missing or incomplete information that accompanies a transfer of funds or cryp

Money Laundering 52

Money Laundering Consulting Finance AML 52

Fraud.net

NOVEMBER 27, 2023

Generative AI like OpenAI’s ChatGPT gained popularity in recent years and is anticipated to become heavily regulated. Learn how.

Regulations 52

Regulations AI Fraud Detection AML 52

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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.

AI

Neopay

NOVEMBER 27, 2023

New figures released by the PSR show, for the first time, the full extent of how well banks and other payment firms performed in tackling APP scams and how they treated those who fell victim in 2022. As part of sweeping measures to fight APP fraud, the PSR collected data on three key areas: Reimbursement to victims (from the largest 14 banking groups) How much money is sent from each payment firm as a result of APP fraud (from the largest 14 banking groups) How much money is received by each pay

Scams 52

Scams Faster Payments CRM Volume 52

Paystand

NOVEMBER 27, 2023

Learn about credit card surcharging in the B2B payments market, its legality across the US, and best practices for businesses.

Best Practices 52

Best Practices Credit Cards Legal B2B 52

The Paypers

NOVEMBER 27, 2023

Web3 company OKX has launched its crypto exchange and Web3 wallet platform in Brazil, providing a secure gateway to decentralised finance (DeFi) and crypto trading.

Gateways 48

Gateways Finance Security 48

Finextra

NOVEMBER 27, 2023

Commonwealth Bank has announced that Bendigo Bank and fraud monitoring company Satori, are each looking to pilot CBA’s industry leading NameCheck technology in a bid to further protect Australians from scams and mistaken payments.

Technology 40

Technology Scams Payments 40

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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.

Payments