Are digital wallets safer than debit cards?
Payments Dive
MAY 31, 2024
Research shows young people see digital wallets as a more secure option than debit and credit cards. Cybersecurity professionals mostly agree, despite caveats.
Fri.May 31, 2024
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SeABank and Visa team on digital payments
Finextra
MAY 31, 2024
Southeast Asia Commercial Joint Stock Bank, SeABank and Visa Inc. further tightens their comprehensive cooperative partnership by a strategic cooperation agreement on developing digital payments.
Zelle faces Senate probe on fraud
Payments Dive
MAY 31, 2024
“The scale of fraud on the Zelle platform is unacceptably high,” National Consumers League Vice President John Breyault said.
When Payments Orchestration Falls Short, Choose Vaulting
Basis Theory
MAY 31, 2024
The new wave of payments, often touted as Payments 3.0 , gives merchants more control to unbundle payments from all-in-one payment processors. As merchants embrace this freedom, they’ll encounter some tough decisions on how to best achieve this.
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
Mastercard floats crypto credential service
Payments Dive
MAY 31, 2024
The card issuer joins its tech and payments peers in integrating crypto into the traditional financial system.
Hackers claim to have bank account details of 30m Santander customers
Finextra
MAY 31, 2024
Hackers are trying to sell what they claim are the bank account details of 30 million Santander customers for $2 million.
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CMA investigates Virgin Money's merger with Nationwide
Finextra
MAY 31, 2024
The UK's Competition and Markets Authority (CMA) has announced it is considering investigating Nationwide's merger with Virgin Money.
Movers and shakers: Green Dot appoints Caine to head BaaS
Bank Automation
MAY 31, 2024
Digital bank and fintech Green Dot has appointed Renata Caine as the general manager of its banking-as-a-service division. “BaaS will continue to be an important enabler for companies thinking long term about their relationships with their customers and securing their loyalty through value-added embedded financial services,” Caine told Bank Automation News.
Stripe blames regulatory landscape for move to invite-only in India
Finextra
MAY 31, 2024
Payments giant Strip is moving to an invite-only model for new clients in India as it builds up the infrastructure to deal with an evolving regulatory landscape.
Dollar General to eliminate ‘vast majority’ of self-checkout
Payments Dive
MAY 31, 2024
The store chain has already removed self-checkouts from 12,000 of its more than 20,000 stores, the CEO said.
15 Modern Use Cases for Enterprise Business Intelligence
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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?
nCino on track to spend $110M on R&D this year
Bank Automation
MAY 31, 2024
Cloud-based fintech nCino aims to spend nearly $110 million on research and development for AI and digital banking tools this year. The Wilmington, N.C.
RBI encourages fintech self-regulation with new framework
Finextra
MAY 31, 2024
The Reserve Bank of India (RBI) has finalised its Framework for Recognising Self-Regulatory Organisations for the Fintech Sector (SRO-FT), after inviting feedback for a draft framework in January thus year.
Western Union Taps Plaid for Open Banking Payments in Europe
Finovate
MAY 31, 2024
Western Union is leveraging Plaid’s open banking infrastructure for money transfers in Europe. The move is expected to benefit end users by offering a faster, more secure payments experience without negatively impacting the user experience. Leveraging open banking payments will also create operational efficiencies for Western Union employees. Plaid announced this week that Western Union has selected to leverage its infrastructure to offer its customers in Europe seamless open banking payme
The Bank of London announces partnership with allpay
Finextra
MAY 31, 2024
The Bank of London announces a strategic partnership with payments specialists, allpay Limited, to simplify and expedite payments for everyone, whether they have a bank account or not, through easily manageable prepaid cards.
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
The Total Opportunity Cost of Fraud is Bigger Than You Think
Seon
MAY 31, 2024
As businesses operate in an increasingly interconnected digital global landscape, combating fraud has become more urgent, complex and increasingly intertwined across company departments. What typically sat under legal’ purview for risk and compliance is now becoming an issue that permeates all aspects of business functionality, including product, marketing and customer success.
Klarna posts Q1 results
Finextra
MAY 31, 2024
Today, the AI-powered global payments network and shopping assistant, Klarna announces profitable start and continued growth outpacing ecommerce, reporting its Q1 2024 financial results.
Guide to Cash Application Automation Software
EBizCharge
MAY 31, 2024
Imagine a world where managing financial transactions is as easy as clicking a button, free from the tedious task of manual data entry and the errors that come with it. Cash application automation software is steadily transforming that image into a reality for businesses around the globe. By streamlining financial processes, this innovative technology plays a pivotal role in modernizing company operations.
Business is Personal
Innovative Payments Association
MAY 31, 2024
By Ben Jackson, IPA COO Individual considerations lie at the heart of many of the large trends shaping the payments industry. That was the underlying theme of the presentations at the Travel Tags Educational Forum held in Minnesota this May. I was asked to present on the big picture of payments and discussed many of the standard subjects, including artificial intelligence, open banking, fraud, and faster payments.
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.
FCA Supervisory Activity Infographic
Neopay
MAY 31, 2024
The Financial Conduct Authority (FCA) significantly increased its anti-money laundering (AML) and counter-terrorist financing (CTF) supervision activity in 2022-23. During this period, the FCA employed 52.8 full-time financial crime specialists, with a significant portion dedicated to supervising crypto-asset businesses. These specialists, supported by sector supervisors, focused on ensuring firms adhered to AML requirements and broader regulatory obligations.
Payments Innovation Alliance Releases Security Incident Response Procedure Guide for Companies
NACHA
MAY 31, 2024
Nacha's Payments Innovation Alliance, a membership program bringing together diverse global stakeholders seeking to transform the payments industry, has published the Security Incident Response Procedure Guide for Companies. This free tool provides procedures and actions to take when a company reasonably suspects a security incident or breach involving personal or other proprietary data has occurred.
NatWest buys back shares from UK government
Finextra
MAY 31, 2024
The British government has sold £1.24 billion of its shares in NatWest Group, cutting its stake from 26% down to 22.5% in share sale.
The CFPB and Congress Push to Correct Gaps in Reg E
BioCatch
MAY 31, 2024
As of the October term of 2023, the United States Supreme Court had taken on an appeal of a decision to review a possible constitutional conflict in the interpretation of the funding mechanism for the Consumer Financial Protection Bureau (CFPB). The case itself was raised by a trade group of Payday lenders, seeking to undermine a rule that it found to restrict lending in this space.
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.
What Are the Biggest Stablecoin Innovations?
The Fintech Times
MAY 31, 2024
In recent years, digital currencies have been all the rave. However, the idea that digital assets are exclusively some form of currency is slowly falling by the wayside as different use cases are emerging and being rapidly adopted. This May, The Fintech Times is looking to showcase some of these new methods and explore how the digital asset ecosystem is evolving.
Softpay and Visit Group Partner to Digitize Payments in the Travel and Hospitality Industry
The Nilson Report
MAY 31, 2024
The post Softpay and Visit Group Partner to Digitize Payments in the Travel and Hospitality Industry appeared first on Nilson Report.
How AI is Transforming the Payments Industry
Fraud.net
MAY 31, 2024
AI is trending across the board, but how is it transforming payments, productivity, and risk management? Learn more in our blog.
PhonePe Collaborates with LankaPay to Promote UPI Payment Acceptance in Sri Lanka
The Nilson Report
MAY 31, 2024
The post PhonePe Collaborates with LankaPay to Promote UPI Payment Acceptance in Sri Lanka appeared first on Nilson Report.
Enhance Customer Value: Unleash Your Data’s Potential
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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.
Vegapay raises USD 5.5 million
The Paypers
MAY 31, 2024
B2B fintech company Vegapay has announced the rise of a USD 5.5 million funding round, aimed at accelerating its team expansion and product portfolio development.
Worldline Partners with Visa to Launch Virtual Cards for Online Travel Agencies
The Nilson Report
MAY 31, 2024
The post Worldline Partners with Visa to Launch Virtual Cards for Online Travel Agencies appeared first on Nilson Report.
SeABank and Visa partner to accelerate digital payments
The Paypers
MAY 31, 2024
Vietnam-based Southeast Asia Commercial Joint Stock Bank (SeABank) and Visa have strengthened their partnership to advance digital payments.
Mastercard and Salesforce Announce New Integration for Transaction Disputes
The Nilson Report
MAY 31, 2024
The post Mastercard and Salesforce Announce New Integration for Transaction Disputes appeared first on Nilson Report.
Top Strategies to Future-Proof & Sustain Your Merchant Services Portfolio
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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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