Payments Dive

DECEMBER 14, 2023

Such scams are expected to jump 50-plus percent to $3 billion by 2027, forcing financial institutions to address the rising threat, according to a new report.

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PCI Security Standards

DECEMBER 14, 2023

To address stakeholder feedback and questions received since PCI DSS v4.0 was published in March 2022, PCI SSC is planning a limited revision of the standard. Proposed changes include correcting format and typographical errors and clarifying the focus and intent of some of the requirements and guidance. There will not be any new or additional requirements in this revision.

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Payments Dive

DECEMBER 14, 2023

“I want that shoe to drop so we can start mitigating that issue,” Bread CEO Ralph Andretta said last week, as the industry awaits the CFPB’s final rule.

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Caps CFPB Mitigation Rules 109

Finovate

DECEMBER 14, 2023

Much of our behind-the-scenes work at Finovate is determining what’s hot and what’s not in fintech and banking. But given the ever-evolving regulatory landscape, volatile consumer preferences, and fast-changing enabling technologies, it can be hard to keep up on current trends. And while we like to consider ourselves experts on the fintech landscape, it is always important to consult external thought leaders to gauge their thoughts on industry themes.

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Metaverse FinTech Embedded Finance Credit Union 119

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

TechCrunch Fintech

DECEMBER 14, 2023

Credit Karma co-founder and Chief Revenue Officer Nichole Mustard is leaving the company after 16-and-a-half years, TechCrunch has exclusively learned today. A spokesperson of the consumer fintech, now a subsidiary of Intuit, confirmed Mustard’s departure via email, writing only: “I can confirm she decided to leave the company, her contributions have been significant and we […] © 2023 TechCrunch.

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Finezza

DECEMBER 14, 2023

Businesses of all sizes experience cash flow challenges at some time or another. One unique circumstance is when a business receives a sizable order from a client. However, in many cases, they cannot fulfil the order due to a lack of funds to produce the product. For instance, they may be unable to order raw […] The post Evaluating Invoice Financing Options to Improve Cash Flows and Lending Opportunities appeared first on Finezza Blog.

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TechCrunch Fintech

DECEMBER 14, 2023

In 2023, Kapital’s customer base grew to 80,000 small businesses in Mexico, Colombia and Peru. It also acquired Banco Autofin Mexico S.A. in September. © 2023 TechCrunch. All rights reserved. For personal use only.

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Small Business Security Acquirers FinTech 99

Fintech News

DECEMBER 14, 2023

I’m often asked which of the latest headline-making technologies should organisations be concerned about? Or what are the biggest threats or security gaps causing IT and security teams to lose sleep at night? Is it the latest AI technology? Triple extortion ransomware? Or a new security flaw in some omnipresent software? And I reply that the truth is that breaches – even big, expensive, reputation-tarnishing breaches – often happen because of simple, mundane things.

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Security Breach Rules Ransomware 103

Finextra

DECEMBER 14, 2023

Fnality, the international consortium of global banks focused on building a blockchain-based payment system to support the adoption of tokenised assets and marketplaces, has conducted its first live transactions.

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Payments Blockchain Transactions 90

NFCW

DECEMBER 14, 2023

SOFTPOS: Users will be able to use a standard NFC device to transfer digital cash from one person to another Japan-based payments network JCB is to pilot a system that enables users to transfer central bank digital currency (CBDC) from a physical contactless card or their NFC smartphone to another person’s card or mobile device without needing an internet connection.

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Digital Currency Central Bank CBDC Transactions 89

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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

Finextra

DECEMBER 14, 2023

Just over a year ago, ChatGPT launched. The excitement, anxiety and optimism associated with the new.

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AI 116

Fintech News

DECEMBER 14, 2023

Oradian, a fintech firm based in Makati, Manila , has notably improved financial sector access, especially in Southeast Asia. They were key contributors in a panel at the Singapore Fintech Festival , discussing the role of profitable scalability in financial inclusion. Antonio Separovic, Co-Founder and CEO of Oradian, speaking at the Singapore Fintech Festival with Lowell Campbell from the IFC The Co-Founder and CEO of Oradian , Antonio Separovic, discussed with Fintech News Singapore regarding

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Financial Inclusion On-Demand Innovation Product 97

Finextra

DECEMBER 14, 2023

The European Central Bank is inviting expressions of interest from financial market stakeholders in participating in trials of new technologies for wholesale central bank money settlement.

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Central Bank Settlement Participant Technology 85

Bank Automation

DECEMBER 14, 2023

Stephanie Schultz, vice president and head of partnerships at Amex Digital Labs at American Express, is focused on building out digital client experiences as part of her innovation and product development strategy heading into 2024. Throughout 2023, American Express prioritized technology spend, according to the card giant’s third-quarter earnings.

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Innovation Product Technology Payments 75

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

Fintech Finance

DECEMBER 14, 2023

Alipay+ , a cross-border mobile payment digital platform under Ant International, today announced a year-end campaign to promote sustainable cross-border travel with a series of incentives offered by global partners to users of five leading e-wallets in Asia, including Alipay (the Chinese mainland), AlipayHK (Hong Kong SAR, China), Touch ’n Go eWallet by TNG Digital (Malaysia), GCash (the Philippines), and TrueMoney (Thailand).

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SARS Cross-Border eWallet Cross-Border Payments 69

The Fintech Times

DECEMBER 14, 2023

It’s The Fintech Times Bi-Weekly News Roundup on Thursday 14 December 2023. Appointments Fintech Pleo appoints Søren Westh Lonning as its new CFO. He has been working with Pleo in an advisory capacity to bolster its financial planning, capital structure and broader commercial efforts across the business. He joins at a period of high growth for Pleo driven by market expansion and investments to win mid-market customers.

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FinTech Online and Mobile Banking On-Demand Risk Management 69

Finextra

DECEMBER 14, 2023

Programmable money startup Pave Bank has moved out of stealth with a $5.2 million funding round and a digital commercal banking licence in Georgia.

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The Fintech Times

DECEMBER 14, 2023

The use of AI in finance can bring big changes to how customers experience financial services, manage risks, detect fraud, and more. While London has long established itself as a well-known hub for fintech, the extreme growth of the number of fintech start-ups and scaleups in Northern England (an increase of 263 per cent since 2020) cannot be ignored.

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FinTech Innovation Assessments Economy 69

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

Bank Automation

DECEMBER 14, 2023

As AI becomes pervasive, financial institutions are on the hunt to win AI talent, with the big four U.S. banks commanding a comfortable lead.

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AI 75

Finextra

DECEMBER 14, 2023

Visa (NYSE: V), a global leader in payments, today announced the commercial launch of Visa Provisioning Intelligence (VPI), an AI-based product designed to combat token fraud at its source.

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AI Product Payments 64

The Fintech Times

DECEMBER 14, 2023

Pave Bank has emerged from stealth to give businesses access to new technologies, enabling greater banking efficiency and access to the new digital economy. The emergence of regulated digital assets and programmable money has completely uprooted how money is processed. Opening up channels for businesses, Pave Bank has acquired a digital banking licence from Georgia.

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Economy Finance Multi-Currency Regulations 59

Finextra

DECEMBER 14, 2023

ClearBank has recruited former Starling and Barclays high-flyer Megan Cooper as chief product officer.

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Product 75

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

The Fintech Times

DECEMBER 14, 2023

Cogo , the sustainability fintech that partners with financial institutions to help customers lower their carbon footprint, and Moneyhub , the data and payments platform built on open banking and open finance principles, are partnering to help banks and financial institutions develop more ethical and sustainable financial wellness products. In turn, both companies will help support their customers to make better, more ethical financial decisions, improving their lifestyle and the climate.

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Addressing Accounts FinTech Regulations 59

Electronic Payments Coalition

DECEMBER 14, 2023

Today, the Electronic Payments Coalition (EPC) released its 2023 Q4 Data Dashboard, providing a quarterly update on various data related to the credit and debit card system, including interchange and merchant discount rates, holiday spending, and the growing popularity of “Buy Now, Pay Later” options. This quarter’s Dashboard features new data on how younger consumers are satisfied with the data security and rewards offered by their credit card.

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Debit Card Credit Cards Data Security Security 52

The Fintech Times

DECEMBER 14, 2023

Cross-border payments consultancy FYST has revealed the biggest trends in acquiring, including how the sector is tapping into artificial intelligence to boost fraud detection and optimise payment authorisation. According to the company, while consumer and merchant attention are often focused on acceptance, acquiring is the vital link in the payment chain.

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Acquirers PCI DSS Fraud Detection Cross-Border 59

Segpay

DECEMBER 14, 2023

Key Takeaways Crypto legitimacy is growing globally among merchants and businesses. √ Cryptocurrencies offer privacy, lower fees, faster transactions, no chargeback risks, and global accessibility. √ Trust is still an issue due to cryptocurrency price volatility, regulatory concerns, and fraud risks. √ Segpay incorporates cryptocurrency transactions in our payment solutions package. 5 minute read Cryptocurrencies have become popular with merchants and businesses as an alternate payment method si

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Cryptocurrency Privacy Bitcoin Blockchain 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

Paystand

DECEMBER 14, 2023

As the year ends, companies realize the benefits of paying invoices early. Early payments aren't just about settling bills sooner; they're a smart way to save money. Mastering these discounts is vital for financial success.

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Payments 52

Chargebee

DECEMBER 14, 2023

You don’t need us to tell you how the long-term success of your business depends on your ability to retain customers or how much cheaper it is to retain users rather than acquire new customers. You wouldn’t be reading this article otherwise. But it’s one thing to know how important it is to retain your customer base and another to understand how to retain them.

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Acquirers 52

Finovate

DECEMBER 14, 2023

Meniga has raised $16.5 million (€15 million) in Series D funding, bringing its total raised to $60.5 million (€55 million). The round will be used to fuel the company’s new strategy that focuses on creating hyper-personalized insights and enabling payments capabilities that leverage open finance ecosystems for financial services companies. Meniga is pursuing the new strategy after appointing Raj Soni as new CEO earlier this year.

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End User Finance Economy FinTech 52

Chargebee

DECEMBER 14, 2023

Every churned customer costs your company valuable money and resources. It’s a harsh reality for any business, but understanding and preventing churn is crucial for long-term success. A well-crafted churn prevention plan boosts customer loyalty by proactively addressing common issues and fuels long-term business growth. The key is knowing how to assemble such a plan.

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Addressing 52

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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