Fri.Jan 26, 2024

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The Bank of Missouri signs with i2c

Finextra

I2C Inc., a leading provider of banking and payments solutions, announces a five year partnership with The Bank of Missouri (TBOM) a celebrated community bank renowned for its pioneering digital banking initiatives.

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CFPB eyes NSF fee ban for transactions declined in real time

Payments Dive

It’s an uncommon penalty, but the federal agency asserts that as technology advances, financial institutions may be able to block more transactions at the time of a swipe, tap or click.

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Breaking Down Costs: Understanding Fees in Payment Processing

National Processing

Just how important is understanding payment processing fees for businesses? The easiest way to show you is with a short story about two similar businesses with very different outcomes. That’s coming up, but you need helpful details right from the start, correct? So, we’ll get going with interesting payment processing insights you won’t find […] The post Breaking Down Costs: Understanding Fees in Payment Processing appeared first on National Processing.

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2023 in Review

Basis Theory

As 2022 came to a close, we knew we wanted to spend time on 4 key components of our product: Global expansion, developer integration experience, enhancing tokenization, and creating more native payment integrations. These key components drove huge successes across our customer base enabling each of them to speed up their product strategy, offset risks, or expand into a new region quickly.

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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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Customer demand ebbs for Amex

Payments Dive

Cardholders’ spending on airline tickets in particular decelerated during the fourth quarter, American Express CFO Christophe Le Caillec said Friday.

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Could CBDCs help prevent fraud?

Finextra

Mandatory reimbursement for victims of authorised push payment (APP) scams came into full effect under the Payments System Regulator (PSR) at the end of last year.

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More Trending

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Eventbrite brings tap to pay to the events industry

NFCW

Event ticketing platform Eventbrite is taking the first steps towards allowing organisers to accept contactless payments at the door on standard NFC devices via the company’s Organizer app, “letting attendees breeze through ticket and event purchases with a simple tap on their phone.” The company’s Tap to Pay feature will eventually be offered to all Eventbrite users at no cost and “allows event organizers to effortlessly accept cashless payments, both at the door and bey

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THE ABC’S OF K-Y-B AND K-Y-C

Segpay

3 minute read As a payment processor, we spend a lot of time on Know Your Business (KYB) and Know Your Customer (KYC), and if you’ve spent some time on this process, you know how difficult it can be. The reason we go through it is to be sure we are onboarding a good merchant. After all, this important step becomes one of the first lines of defense in the fight against fraud.

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Amex to prioritize growth in 2024, product innovation in 2025

Bank Automation

American Express plans to invest in product innovation in 2025 to keep up with anticipated growth in 2024. “We currently have plans to refresh around 40 products globally next year,” Chief Financial Officer Christophe Caillec said today during the card giant’s fourth-quarter earnings call.

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Bank of England and HM Treasury's response to Digital Pound consultation: What is next?

Finextra

The Bank of England (BoE) and HM Treasury published a response to their joint consultation paper o.

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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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Visa teams up with Meta for P2P payments

Bank Automation

Visa extended partnerships and made new connections during its fiscal first quarter as it looked to expand its reach, develop new use cases for its offerings and push its peer-to-peer payments capabilities.

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Artwork money laundering runs rife warns NCA in amber alert

Finextra

The UK’s National Crime Agency (NCA) has issued an amber alert to prevent further money laundering in the art storage sector.

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Klarna launches Klarna Plus in the US

The Paypers

AI-powered payments network and shopping assistant Klarna has announced the launch of Klarna Plus, issued by WebBank , to eligible US customers through its app.

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Banks Could Alleviate International Payment Concerns for UK SMEs Considering Exporting Overseas

The Fintech Times

Concerns about international payments are stopping many UK small and medium enterprises (SMEs) from exporting overseas; according to new research by international payment solution provider Currencycloud. New Currencycloud research, which surveyed 500 decision makers at UK SMEs, found that 28 per cent of businesses that are not already exporting overseas have plans to do so in the future – but concerns regarding international payments are preventing them from taking immediate action.

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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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A Look into PayPal’s 6 New Releases

Finovate

PayPal CEO Alex Chriss released a video yesterday unveiling the company’s six new planned launches for the year. PayPal’s new launches include a faster checkout experience, Fastlane, Smart Receipts, advanced offers, CashPass, and updated Venmo business profiles. PayPal will release all of these in the U.S. this year and plans to roll them out across the globe in the future.

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PayPal and Venmo Unveil Six New Innovations to Revolutionize Commerce

Fintech Finance

PayPal Holdings, Inc. (NASDAQ: PYPL) today announced six new innovations the company is piloting and bringing to market this year to revolutionize commerce through artificial intelligence (AI) driven personalization for both merchants and consumers. During the PayPal First Look keynote, Alex Chriss, President and CEO, introduced: a completely new PayPal checkout experience that radically speeds up check out for consumers and helps merchants convert transactions like never before; Fastlane by Pay

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BlueSnap appoints Sharon Weiss as general manager, Israel and EVP of R&D

Finextra

BlueSnap, a leading provider of global payment solutions, today announced Sharon Weiss has joined BlueSnap as General Manager, Israel and EVP of R&D effective immediately. Weiss appointment comes as long-standing GM, Israel and EVP of R&D, Meir Gefen, has decided to retire from his role following 9 years with the company.

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Rapid Finance and LoanPro join forces for US small business lending

The Paypers

US-based financial service provider Rapid Finance has partnered with LoanPro to provide Lending-as-a-Service (LaaS) to small businesses across the US.

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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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Experian Identifies Six Cybercrime Trends for 2024

The Fintech Times

New cybersecurity measures do not completely stop crime – they only slow it down. This is because cybercriminals are always adapting to overcome companies’ defences, meaning firms need to constantly stay two steps ahead. Exploring what moves will take place this year, Experian , the financial information and services company has released its ’11th annual Data Breach Industry Forecast’ Michael Bruemmer, vice president, global data breach resolution at Experian Experian has

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payabl. cements European growth with EMI license by CBC

Fintech Finance

payabl., one of Europe’s leading PayTechs, today announced that it was granted an Electronic Money Institution licence (EMI licence) by the Central Bank of Cyprus (CBC), which will be passported throughout the EEA. This underlines payabl.’s commitment to meet its ever changing and growing client needs, as the licence will allow the paytech to significantly broaden and enhance its existing and new payments services in EEA. payabl. has been in operation since 2011, now serving over 500 customers a

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Current Account Switch Services Surpasses 10 Million Switches as UK Becomes More Money-Savvy

The Fintech Times

The UK’s Current Account Switch Service (CASS) is celebrating surpassing 10 million total switches since its inception, following its busiest-ever quarter. The Current Account Switch Service is a free UK service helping consumers to switch a current account from one participating bank or building society to another, in seven working days. It’s designed to be simple and stress-free, and the full switch option is backed by the ‘ Current Account Switch Guarantee ‘ Between October

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FIFA extends global partnership with Visa, including FIFA World Cup 2026™

Fintech Finance

FIFA is delighted to announce the extension of its partnership with Visa (NYSE: V), a world leader in digital payments, as an official FIFA partner. The new agreement, which runs through 2026, enables Visa and FIFA’s efforts to champion the growth of football and support players, fans and clients through an exciting programme of youth, beach soccer, and FIFAe events, and will culminate in the biggest FIFA World Cup in history in 2026.

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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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BNP Paribas Personal Finance and SuperTech Launch Birmingham-Based Innovation Lab

The Fintech Times

Consumer finance firm BNP Paribas Personal Finance is continuing its collaboration with the West Midlands-based professional services technology supercluster SuperTech to unveil a new ‘Innovation Lab’, with an aim to address data-led challenges in the financial services sector. BNP Paribas Personal Finance and SuperTech have renewed their partnership for a second year to establish an incubator programme dedicated to discovering digital solutions from a range of sectors to apply to c

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Visa program combats friendly fraud losses for small businesses

Fintech Finance

Visa , a world leader in digital payments, spotlighted the evolution of its dispute program, making it easier for merchants to fight first-party misuse, also known as friendly fraud or first-party fraud, for card-not-present transactions. This change could save small businesses over a billion dollars in losses globally over the next five years, in turn benefitting the entire ecosystem of consumers and merchants.

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CFTC cautions against AI: "Be wary of the hype"

Finextra

The Commodity Futures Trading Commission (CFTC) has issued a customer advisory warning to the public to keep an eye out for artificial intelligence (AI) scams.

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payabl. cements European growth with EMI license

Fintech Finance

payabl., one of Europe’s leading PayTechs, today announced that it was granted an Electronic Money Institution licence (EMI licence) by the Central Bank of Cyprus (CBC), which will be passported throughout the EEA. This underlines payabl.’s commitment to meet its ever changing and growing client needs, as the licence will allow the paytech to significantly broaden and enhance its existing and new payments services in EEA. payabl. has been in operation since 2011, now serving over 500 customers a

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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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Instant Financial Handled Over $1B in Employee Payments

The Nilson Report

The post Instant Financial Handled Over $1B in Employee Payments appeared first on Nilson Report.

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BitMEX launches Margin+ programme for increased trading capacity

The Paypers

Seychelles-based crypto derivatives exchange BitMEX has launched Margin+, a programme designed for advanced traders who want enhanced collateral and increased trading capacity.

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Solutions by Text Partners With Lightico

The Nilson Report

The post Solutions by Text Partners With Lightico appeared first on Nilson Report.

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payabl. secures EMI licence from the CBC

The Paypers

Cyprus-based paytech company payabl. has announced that it secured an Electronic Money Institution (EMI) licence from the Central Bank of Cyprus (CBC).

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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.