Fri.Feb 16, 2024

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European Banks are Challenging Competitors With Cloud and AI Adoption

The Fintech Times

New research from Economist Impact supported by Temenos has revealed that almost half of European banks are investing in fintech start-ups while 36 per cent are building their own greenfield digital bank or fintech company. The study looks specifically at the attitudes of banks in Europe as it identifies that the majority believe neobanks will be their biggest challengers in the near future.

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PCI DSS Requirement 6 – Changes from v3.2.1 to v4.0 Explained

VISTA InfoSec

Welcome back to our series on PCI DSS Requirement Changes from v3.2.1 to v4.0. Today, we’re discussing Requirement 6, which is crucial for protecting cardholder data. It mandates the use of vendor-supplied security patches and secure coding practices for in-house developed applications. These measures help mitigate vulnerabilities that hackers could exploit.

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Toast to cut 550 employees

Payments Dive

The company’s CEO acknowledged during an earnings call that “we grew our team too quickly in some areas,” while reporting a presence in 106,000 locations as of the end of 2023.

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What Bank of America is doing for customers after data breach

Bank Automation

Bank of America is working to control the fallout following an October data breach at third-party vendor Infosys McCamish Solutions. The bank is offering the more than 57,000 affected clients a free, two-year membership to IdentityWorks, an identity protection product from Experian, according to an Infosys McCamish Solutions filing with the state of Maine.

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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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Mastercard and The Clearing House deepen their partnership to zero in on new instant payments applications 

Tearsheet

Mastercard recently expanded collaboration with The Clearing House (TCH), with the shared goal of propelling the adoption of instant payments. This extended partnership will focus on integrating additional instant payment use cases across a range of payment flows for consumers, businesses, and governments. “Beyond extending our partnership with Mastercard, we intend to partner on innovating for the banks that use the network by looking for additional use cases that they’ve expressed interest in

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How financial institutions can navigate the future of digital asset custody

The Payments Association

Traditional finance is at a crossroads with the new digital frontier, and the rapidly evolving landscape of digital assets demands innovative custodial solutions. For banks, payment service providers, financial institutions and others that are either considering or already piloting digital asset projects, it’s imperative to understand the importance of an underlying custody infrastructure.

More Trending

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The 3-ring balancing act: Regulatory compliance, customer trust and efficient operations

The Payments Association

Banks and finserv companies have a significant task in 2024 when it comes to building and retaining consumer trust. As it turns out, there’s a disconnect between what banks think threatens trust and what customers say threatens trust.

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Checkout.com hit by over £100 million in losses

Finextra

Payments platform Checkout.com has reportedly suffered a £100.5 million loss in its UK company.

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Tillo is the First Gift Card Platform To Be Awarded the Prestigious Customer Service Excellence Certification

The Payments Association

In a landmark achievement, Tillo, the award-winning rewards and incentives platform and gift card API, is proud to announce its certification in Customer Service Excellence, a testament to its unwavering commitment to creating a customer-first culture.

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Harmonizing AI solutions in the fight against fraud

Finextra

Yogesh Patel, CTO, Outseer, discusses how the evolving capabilities of artificial intelligence are reshaping fraud detection and prevention, particularly in banking. We delve into the difference between generative and predictive AI and their surprising applications, such as the rising impact of predictive AI on payment fraud mitigation, and generative AI for operational efficiency and case marking.

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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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How Starling provides you with access to real-time payments

The Payments Association

Blog piece on Starling Bank's website: As a summary - Blog piece about Starling Banking Services by our own Head of Partnerships, Will Boocock - It contains information about how our API's for Payments work and deliver for customers [link] Read more

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Blockchain and Bitcoin Education Targeted by Paystand with Paystand.org Launch

The Fintech Times

Blockchain and cryptocurrency have massive potential to help vulnerable and underrepresented communities. Evidence of this can be seen with the launch of Paystand.org, the corporate social responsibility (CSR) arm of Paystand , the blockchain-enabled commercial payments platform. Paystand.org is rooted in Paystand’s mission: to decentralise the financial system, transforming businesses toward a better economy.

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UK businesses save 150 hours every year on operational tasks by using open banking, survey reveals

The Payments Association

Businesses using open banking report spending 150 hours less on operational tasks each year versus non-users1 Open banking users save on payment processing fees annually, versus businesses using other payment […] Read more

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Revolut Card Fraud Dropped by 30% Since Scam Detection Feature Launch

The Fintech Times

Many consumers across the UK are falling to scams originating from Meta platforms: Facebook , Instagram and WhatsApp. According to Revolut , the UK neobank, 33 per cent of money lost to scams in total originated on these platforms. To better protect its consumers, the neobank has launched an advanced scam detection feature. The need for a service like this is evident as scams continue to rise across all platforms, not just the Meta-owned ones.

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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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Meta forces Apple fees on advertisers

Payments Dive

Meta said it will pass along Apple’s 30% service charge to advertisers who pay to boost the visibility of their posts on its social networks.

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Canada’s EQ Bank Customer and Business Onboarding Streamlined With Trulioo Integration

The Fintech Times

Cybersecurity has established itself as a top priority for digital banking services. The need for accurate identification of documents and selfie verification when opening an account online is paramount. As such, EQ Bank , the digital platform of Canada’s Challenger Bank has partnered with Trulioo , the identity platform to streamline customer and business onboarding.

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NextGen Nordics 2024: What to expect from this year's conference

Finextra

Finextra is returning to Stockholm for the annual NextGen Nordics event. Attendees can expect in-depth conversations on a variety of topics, and much more.

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NatWest saves $315M a year through digitalization

Bank Automation

NatWest is saving on costs and improving the customer journey through technology. “Since 2021, we have delivered run rate savings of around 250 million pounds ($315 million) a year through digitizing customer journeys,” newly appointed Chief Executive Paul Thwaite said during the bank’s fourth-quarter earnings call today.

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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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Nexo Partners with Sift to Protect Against Digital Risk & Streamline User Experience

Fintech Finance

Nexo , the leading institution for digital assets, announced a partnership with Sift, the Leader in Digital Trust & Safety. By working with Sift, Nexo will be able to revolutionize its approach to fraud prevention, enhancing security measures and ensuring a safer, smoother, quicker, and more reliable experience for the company’s over 6 million users.

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WLPayments integrates with Unlimit, enhancing payment solutions

The Paypers

WLPayments , a global payment processing and orchestration platform, has integrated with Unlimit , a payment solutions provider.

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HealthCARE of Iowa Chooses to Empower Employees Through Partnership With DailyPay

Fintech Finance

HealthCARE of Iowa, a professional consulting partner with over 80 years of combined experience in providing consulting services for Senior Living environments, has partnered with DailyPay – the industry’s leading on-demand pay solution. Through this partnership, HealthCARE of Iowa is modernizing its benefits offerings by providing the voluntary financial wellness benefit that empowers employees to access their earned pay at the press of a button.

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Nexo partners with Sift

The Paypers

US-based regulated digital assets institution Nexo has announced its collaboration with Sift , aiming to safeguard customers against digital risk and simplify user experience.

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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.

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New research reveals payment optimization can increase revenue by 30%

Fintech Finance

Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, has announced the launch of its latest research whitepaper, Accelerating revenue growth: How incremental payment optimization can drive up to 30% revenue gains, which places a spotlight on the role that strategic payment optimization can play in significantly enhancing eCommerce business’ revenue.

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Fiserv's network available at NCR Atleos' ATMs

The Paypers

US-based financial technology provider Fiserv has announced the expansion of its CheckFreePay network for in-person bill payments to NCR Atleos ’ ATM network.

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EQ Bank partners with Trulioo

The Paypers

UK-based identity platform Trulioo has announced its collaboration with EQ Bank , aiming to provide the latter with identity document and biometric verification.

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Klarna launches new Sign in with Klarna product

The Paypers

AI-driven global payment provider and shopping assistant Klarna has launched its Sign in with Klarna product to offer clients an optimised shopping experience.

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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.

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ConnectID brings digital ID to the real estate industry

The Paypers

Australia-based digital identity ecosystem ConnectID has announced that property management platform RentBetter has integrated its digital identity services.

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RBI asks Visa and Mastercard to halt B2B fintech payments

The Paypers

The Reserve Bank of India (RBI) has urged Visa and Mastercard to halt card-based business-to-business (B2B) payments routed via third-party fintech firms.

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ASDA partners with Accertify

The Paypers

UK-based retailer ASDA has announced its partnership with Accertify in order to provide its customers with optimised ecommerce fraud prevention services.

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Fordefi raises USD 10 mln to expand its self-custodial wallet

The Paypers

US-based crypto wallet company Fordefi has secured USD 10 million in venture capital investment to expand its crypto wallet to retail-facing platforms.

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Secure SaaS Success: Embedded Finance as a Competitive Advantage

Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms

Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.