Payments Dive
JANUARY 4, 2024
Fintech trade groups asked the Consumer Financial Protection Bureau to extend the comment period on a proposal formalizing its oversight of big tech companies’ digital wallets.
Finextra
JANUARY 4, 2024
Visa has launched a Web3 loyalty engagement offering to help firms reward customers not just for their purchases but for their engagement and interactions.
Basis Theory
JANUARY 4, 2024
What is Payments Vaulting? Merchants are said to be ‘vaulting payments’ when they contract with a partner, which stores sensitive cardholder data securely and provides the merchant with an undecryptable token string. By vaulting customer payments data, the merchant is able to offload some of the PCI-DSS compliance activities (as they never actually ‘see’ customers’ card data in plain text), and potentially simplify their payment process.
Finextra
JANUARY 4, 2024
New data from Nationwide shows that cash usage continues to rise as many households respond to the cost-of-living crisis by budgeting with physical money.
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
TechCrunch Fintech
JANUARY 4, 2024
Indian financial services startup MobiKwik seeks to raise about $84.2 million through issue of new shares in an initial public offering in the home market, it said in a draft prospectus filed with the local markets regulator Friday. This is the second time MobiKwik has filed the paperwork for an IPO. The startup, backed by […] © 2023 TechCrunch.
Payments Dive
JANUARY 4, 2024
BNPL usage hit an all-time high during the season, with Cyber Monday as the largest day on record for the payment method, according to Adobe.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Finezza
JANUARY 4, 2024
The revenue growth and profitability of a lending business depend on several factors. A combination of superior risk assessment, fraud detection capabilities, and quick and accurate underwriting turnaround can transform a lender’s success rate with borrowers and reduce non-performing assets. Access to superior data plays an important role in this process.
Payments Dive
JANUARY 4, 2024
The federal agency plans to weigh in on EWA services, it said in commenting on a California proposal to register and oversee the providers of such services.
Fi911
JANUARY 4, 2024
What do banks need to know about the chargeback legislation process? Well, from a legal standpoint, there’s actually quite a lot. We’re going to break down some of the most important chargeback rules, including fees, time limits, and reason codes. We will provide insight into how these regulations differ between card schemes, and help financial institutions to better understand the dispute process from all sides.
Finextra
JANUARY 4, 2024
The European Central Bank has opened applications for vendors to provide components and related services for a potential digital euro in contracts that could total more than EUR1 billion.
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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?
Fintech News
JANUARY 4, 2024
Over the past year, global economic and geopolitical uncertainty posed challenges for media and telecoms mergers and acquisitions (M&A) activity, but despite this, the sector continued to see strategic acquisitions and funding rounds driven by factors such as digitalization, innovation, consolidation and the pursuit of new market opportunities, reports by consultancies Deloitte and KPMG highlight.
The Fintech Times
JANUARY 4, 2024
Banks, with their established customer bases, substantial balance sheets and regulatory expertise, can provide a robust foundation for innovation. On the other hand, fintechs, with their agility, cutting-edge technologies, and customer-centric approach, can drive innovation and expand access to financial services for the unbanked. Ike.S Anison, country director, Ghana/Liberia/Gambia at payment firm Onafriq , addresses the transformative power of collaboration between traditional banks and fintec
Bank Automation
JANUARY 4, 2024
Santander Bank is exploring AI to enhance its operational efficiency, allowing its employees to focus on value-added tasks. The Madrid-based bank is implementing AI in its operations and exploring multiple use cases of gen AI, a spokesperson told Bank Automation News. The $1.
Finextra
JANUARY 4, 2024
Since January 1, 2024, the U.S. government now requires many firms to report information about who u.
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 4, 2024
Eight in 10 credit union execs are looking to AI to enhance their underwriting capabilities. According to credit underwriting software provider Zest AI Chief Executive Mike de Vere, deploying AI can make for: Faster and more accurate decisioning; Increased community reach; and Smarter lending decisions.
The Fintech Times
JANUARY 4, 2024
Buy Now Pay Later (BNPL) services’ popularity has continued to grow over the last year. However, research from the financial education charity, the Centre for Financial Capability has revealed that despite this growth, consumers are still making mistakes when it comes to making payments on time. BNPL is a form of unregulated short-term financing which have become increasingly popular, despite the financial risks.
Finextra
JANUARY 4, 2024
Bumper, a UK fintech enabling flexible payments for car repairs, has completed a £40 million Series B fundraise.
BioCatch
JANUARY 4, 2024
Closing out what was perhaps one of the most active years in regulatory news in the banking industry, the Australian government issued the Scams Code Framework consultancy seeking feedback on the introduction of new mandatory industry codes to outline the responsibilities of the private sector in relation to scam activity. The consultancy has an initial focus on banks, digital communications platforms, and telecommunications providers.
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.
Fintech Finance
JANUARY 4, 2024
Adyen , the global financial platform of choice for leading companies, is pleased to announce that the company is entering a partnership with Straumur , a subsidiary of Kvika. Straumur is a payment provider that processes payments in several verticals on the Icelandic market, including but not limited to grocery stores, restaurants, pharmacies and gas stations.
The Fintech Times
JANUARY 4, 2024
As financial technology continues to evolve, and as banking becomes more ’embedded’ in the lives of consumers and in businesses’ value chains, people are also becoming increasingly conscious of the choices they are making – bringing banks’ values and climate credentials into question. Around one in four (24 per cent) European consumers would switch providers if their banks do not engage in climate or ‘ ESG ’ issues, according to research from Kearney.
The Paypers
JANUARY 4, 2024
US-based Kindcard has announced that it signed a letter of intent with paytech banking platform Acepay , with a potential acquisition of OpenTransact.
Finovate
JANUARY 4, 2024
Bumper received $48 million in funding for its BNPL tool for vehicle repairs. The funding round was led by Autotech Ventures and comprised of $18 million in equity and $30 million in debt. Bumper’s partner dealers have facilitated BNPL payments for more than 250,000 repairs in the past 12 months. The company hopes to double that this year. Bumper , a payment platform for car dealerships, landed $48 million (£40 million) in Series B funding today.
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 4, 2024
The Clearing House (TCH), the leading innovator and operator of U.S. payments networks, announced today that Amanda Stewart is joining the company as Senior Vice President and Chief Marketing Officer.
Finovate
JANUARY 4, 2024
A U.S. presidential election with, essentially, two incumbent presidents running for office. An enduring war in Europe. A new war in the Middle East. Economic instability in China. Lingering inflationary concerns and interest rate volatility. If the fintech industry doesn’t have enough to worry about on its own, the prospect of macro economic and geopolitical events making life even tougher for fintech and financial services is enough to make your head spin.
BioCatch
JANUARY 4, 2024
It is generally accepted that most scams have a cybercrime element, and money mules have become an essential component in the success of organised criminal gangs. While the use of witting or unwitting individuals to launder the proceeds of crimes is nothing new, technology has provided criminals with the opportunity to recruit mules quickly – across borders with relatively little effort.
Finextra
JANUARY 4, 2024
In a move marking a new chapter in its growth story, Capital on Tap, one of Europe’s fastest-growing businesses, today announced a strategic leadership transition. Co-founder David Luck is set to embrace the role of Executive Chairman, entrusting the CEO mantle to Damian Brychcy, the company’s Chief Product Officer.
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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.
M2P Fintech
JANUARY 4, 2024
The co-branded credit card market is witnessing a meteoric rise. Valued at $12.34 billion last year, the market is projected to skyrocket at 9.61% to reach $25.72 billion by 2030. The surge is driven by the potential of co-branded credit cards to deliver innovative solutions, unlock new markets, and strengthen customer relationships. Banks and fintechs collaborate strategically with distribution partners/brands to roll out co-branded credit cards.
The Fintech Times
JANUARY 4, 2024
SaaS and cloud costs are often the biggest expenses for a company after payroll. Following a tough economic year, firms need all the help they can get to afford these technologies as they become a crucial part of their infrastructure. Tackling this issue is Vertice. To learn more about Vertice, the spend management platform, we sat down with the company’s CEO, Eldar Tuvey.
Finextra
JANUARY 4, 2024
Keeping up with banking trends is not easy, especially when the competition is so tough, and the tre.
Exact Payments
JANUARY 4, 2024
The Payment Card Industry Data Security Standard (PCI DSS) plays a crucial role in protecting cardholder data for businesses that accept credit card payments. This set of security guidelines is mandated by major credit card associations such as Visa, Mastercard, American Express, and Discover. Adhering to these guidelines is essential for businesses to ensure the safe handling of credit card data, helping to minimize the risk of fraud and security breaches.
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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.
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