Wed.Mar 06, 2024

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PCI DSS Requirement 10 – Changes from v3.2.1 to v4.0 Explained

VISTA InfoSec

Keeping track of who is accessing your systems and data is a critical part of any security program. Requirement 10 of the PCI DSS covers logging and monitoring controls that allow organizations to detect unauthorized access attempts and track user activities. In the newly released PCI DSS 4.0, Requirement 10 has seen some notable updates that expand logging capabilities and provide more flexibility for merchants and service providers.

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Visa, Western Union partner on cross-border payments

Payments Dive

The card network and the cross-border payments company are developing an international payment system that could be used in disaster situations.

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A List of Digital Banks in Asia

Fintech News

Are digital first banks in Asia poised to lead a disruptive charge against well-entrenched, established commercial banks? In the traditional banking sphere globally, but especially true in Asia, there is a considerable proportion of unbanked and underbanked populations who lack complete or any access to banking services. This is particularly prevalent in developing markets, while in more mature markets, commercial banks often fall short in delivering a personalised and streamlined digital experi

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Welcome to the Newest Associate Participating Organizations

PCI Security Standards

We are pleased to welcome the newest organizations that have joined as Associate Participating Organizations of the PCI Security Standards Council (PCI SSC). These organizations play a crucial role in supporting the evolution of the PCI Security Standards and programs and promoting the implementation of PCI Security Standards worldwide to protect payment data.

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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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How digital payments can accelerate financial inclusion in 2024

The Payments Association

Financial inclusion, as defined by the World Bank, is crucial for economic development and social progress, ensuring equal access to financial products and services tailored to the needs of both individuals and businesses. The United Nations emphasises financial inclusion as a crucial driver of economic and social development, evident in its inclusion as component eight of the 17 Sustainable Development Goals for 2030.

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Recurring Billing: Definition, How it Works, and Best Practices

Stax

As the business landscape continues its unstoppable evolution, the necessity for operational efficiency and innovation becomes even more pronounced. For businesses offering subscriptions, memberships, retainers, and other recurring services, recurring billing is a powerful solution to streamline processes and ultimately enhance revenue generation. Consider this: Consumers are already conditioned to the subscription model.

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Celebrating 10 Female Leaders Leading the Fintech Revolution in APAC

Fintech News

In celebration of this year’s International Women’s Day on 8 March, the Fintech News Network is unveiling its selection of ten of the most influential female fintech leaders in Asia Pacific (APAC). These trailblazers are elevating the industry, demonstrating resilience and leadership in the ever-evolving fintech landscape. Their influence goes beyond their own organisations, significantly impacting the fintech sector across the entire APAC region.

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Championing Innovation: Unveiling the Beelievers Awards Winners

Chargebee

Chargebee’s annual user conference, beelieve, buzzed with excitement as it brought together trailblazers and innovators from the subscription and revenue growth industry. One of the highlights of the event was the Beelievers Awards, a prestigious recognition celebrating visionary leaders and organizations that are shaping the future of the subscription landscape.

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From Numbers to Narratives: Women Reshaping the Accounting Landscape

FloQast

As we commemorate Women’s History Month this March, it’s an opportune time to reflect on the challenges and triumphs of women in various fields, including accounting. In this spirit, FloQast is excited to present an enlightening webinar titled “ Women Taking the Wheel: Driving Accounting Forward During Women’s History Month ,” hosted by accounting industry leader Katie Thomas, CPA.

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Currencycloud Facilitates Seamless Cross-Border Payments with Singapore MPI Licence

The Fintech Times

Currencycloud, a Visa solution, is granted preliminary approval for a major payment licence from the Monetary Authority of Singapore (MAS). The in-principle approval (IPA) for a major payment institution (MPI) licence means Currenycloud can offer customers based in Asia Pacific the ability to collect, convert, hold, send, and spend multiple currencies simultaneously across 180 countries and territories.

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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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Flush with cash, French fintech unicorn Qonto acquires Regate

TechCrunch Fintech

While many entrepreneurs are currently facing the harsh reality of a VC funding crunch, Qonto isn’t one of them. The Paris-based business banking startup still has hundreds of millions of cash on hand. And it is using an undisclosed portion of its cash reserve to acquire Regate, an accounting and financial automation platform. Qonto originally […] © 2024 TechCrunch.

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Binance Debuts New Perfume in Bizarre Move to Attract Women to Crypto

Fintech News

Global crypto exchange Binance has decided that the secret to getting more women into cryptocurrency isn’t just financial literacy—it’s perfume. Binance has unveiled the “CRYPTO” luxury perfume ahead of International Women’s Day in an eyebrow-raising move orchestrated by the company’s very own female marketing leaders. Described as “bold, distinctive, and deliberately disruptive”, the scent has the ambitious aim to “challenge the norm and defy existing p

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US Health Dept. offers assistance in wake of Change cyberattack

Payments Dive

Healthcare providers have reported significant challenges to their day-to-day operations, including problems receiving payment from patients and insurers.

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Colombian payments orchestration platform Yuno raises $25m

Finextra

Latin American payments orchestration platform Yuno has set its sights on Europe and Asia after securing $25 million in funding.

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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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i2c pursues bank clients abroad

Payments Dive

The issuing-processing fintech sees a bigger opportunity in regions outside the U.S. to sell its core banking services, founder and CEO Amir Wain said.

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Bukalapak Pulls Plug on In-House BNPL Offering

Fintech News

Indonesian e-commerce leader Bukalapak has phased out its buy now, pay later (BNPL) service, BukaCicilan, as of 29 February 2024. This decision reflects the broader challenges facing the BNPL sector, which has seen several service discontinuations and exits in recent times. Desy Hartono, Vice President of Financial Solutions at Bukalapak, shared with Tech in Asia that this move is intended to simplify installment payment options for their customers, promoting a direct engagement between users an

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Huck’s adds touchless payments for fleets

Payments Dive

The convenience retailer is the latest to add this capability as it seeks to win over more business from corporate accounts and professional drivers.

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Aspire Offers Access to Google Workspace Tools for Singapore and Indonesia SMEs

Fintech News

Singapore-based B2B fintech firm Aspire has announced a collaboration with Google Cloud aimed at supporting startups and small and medium-sized enterprises (SMEs) in their growth efforts. This partnership will grant these businesses access to Google Workspace tools, known for their capacity to streamline operations and boost productivity. Through this initiative, businesses will be able to utilise advanced AI features within Google Workspace, including AI-generated document summaries, chat funct

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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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5 questions with … Google Cloud’s James Dean

Bank Automation

James Dean, global generative AI specialist and financial services industry lead at Google Cloud, will speak at Bank Automation Summit U.S. 2024 on Monday, March 18, at 3:15 p.m. CT.

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Mike Stawchansky to Spearhead Finastra’s Gen AI Initiatives as New Tech Chief

Fintech News

Financial software provider Finastra has appointed Mike Stawchansky as its new Senior Vice President and Chief Technology Innovation Officer. Mike, who will be working closely with the Office of the CEO, is set to spearhead the company’s initiatives in customer technology and innovation, particularly focusing on generative AI advancements. Tasked with leading the customer technology senior leadership team, Mike reports directly to Finastra’s CEO Simon Paris.

AI 101
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BP to upgrade mobile app, POS system

Payments Dive

The c-store and fuel giant will overhaul its BPme platform as it looks to create an enhanced purchasing experience, a spokesperson said.

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Crypto Exchange Bitstamp Secures In-Principle Approval from MAS

Fintech News

Cryptocurrency exchange Bitstamp announced it has obtained an in-principle approval from the Monetary Authority of Singapore (MAS) to operate under the Major Payment Institution license. This regulatory milestone allows Bitstamp to offer digital payment token services in compliance with the Payment Services Act in Singapore. Bitstamp will focus on serving institutions and intermediaries such as payment processors, fintechs and brokerages in the island-state.

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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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JPM subsidiary buys LayerOne Financial

Bank Automation

JPMorgan subsidiary Neovest Holdings has acquired investment management company LayerOne Financial for an undisclosed sum. Neovest, a fintech for brokers and dealers, will now be able to help clients monitor portfolios, conduct risk assessments and send orders to their brokers, it stated in a March 1 release.

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Singtel and M1 Collaborate on National-Level Approach to Combat Digital Fraud

Fintech News

Singapore’s mobile operators Singtel and M1 have announced a collaboration to enhance security for their customers through network-based authentication. This initiative leverages standardised communication channels (APIs) set by the GSMA, allowing real-time verification of mobile phone numbers and device locations. This partnership positions Singapore as one of the first countries to implement such a national-level collaboration.

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Industry Reacts as OCC Reveals Concerns About Impact of Fintech-Bank Partnerships

The Fintech Times

The regulatory tides may be changing in the US, as the Office of the Comptroller of the Currency (OCC) suggests banks should be doing more to manage risks related to partnering with fintech firms. In June 2023, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), the OCC and the US Treasury Department issued joint guidance to all banking organisations for developing and implementing risk management practices when engaging in third-party fintech

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Wise Announces Major Milestones: PayNow Integration and Singapore Team Expansion

Fintech News

Wise, a global online money transfer service, has integrated with Singapore’s PayNow network to allow tourists to make QR payments to local merchants directly via its app. This move is particularly beneficial for local businesses such as hawkers, which traditionally do not accept card payments. This integration signifies Singapore as the inaugural country where Wise has connected with two local payment systems, building on its previous integration with the FAST system in 2022.

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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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Papara to acquire T-Bank

The Paypers

Turkey-based financial technology company Papara has announced the acquisition of T-bank for an undisclosed amount, with the deal awaiting regulatory approval.

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Who Needs Open Banking When You Have Apple FinanceKit?

Finovate

Apple began offering an API called FinanceKit in its latest iOS 17.4 update. The new update allows developers to fetch users’ transactions and balance data from users’ Apple Card, Apple Cash, and Apple Savings accounts. Online budgeting platforms Monarch, YNAB, and Copilot are the launch partners for FinanceKit. In its latest iOS 17.4 update, Apple is offering an API called FinanceKit that allows developers to fetch users’ transactions and balance data from users’ Apple C

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Currencycloud granted ‘In-Principle Approval’ for MPI Licence by the Monetary Authority of Singapore

Finextra

Currencycloud, a Visa solution and the experts in simplifying business in a multi-currency world, has obtained an In-Principle Approval (IPA) for a Major Payment Institution (MPI) licence holder from the Monetary Authority of Singapore (MAS).

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Balancing Innovation and Security: Digital Payments Insights with Valeri Vanourek of Discover® Global Network

The Fintech Times

The payments landscape is undergoing a profound transformation as consumer preferences continue to evolve, with digital payments rising in prominence as the preferred method for conducting financial transactions. However, as the digital payments ecosystem expands, ensuring the security of customer payment information remains a paramount concern. Addressing fraud and enhancing security measures has become increasingly vital with tokenisation emerging as a crucial tool for safeguarding digital pay

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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.