Wed.Jan 03, 2024

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New York enacts surcharge law

Payments Dive

The state’s new law will force merchants to limit credit card surcharges and more clearly disclose them to consumers. If the businesses don’t, they could face a $500 penalty.

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Five reasons to get a handle on chargebacks

Payments Next

by Donna Blum of BHMIChargebacks are a significant and growing challenge in the payments industry. The rapid growth in e-commerce, rise in The post Five reasons to get a handle on chargebacks first appeared on Payments NEXT.

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NY governor pursues BNPL regulation

Payments Dive

New York Gov. Kathy Hochul is seeking to require buy now, pay later providers to obtain a license to operate in the state, in addition to other potential regulations for the industry.

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Anson Zeall Promoted to Chief Strategy Officer at dtcpay

Fintech News

Singapore-based payments service provider dtcpay has announced the appointment of Anson Zeall , formerly the Head of Compliance, as its new Chief Strategy Officer (CSO). Anson Zeall During his tenure as Head of Compliance, Zeall played a pivotal role in guiding dtcpay through the complex regulatory environment of the blockchain and cryptocurrency sectors.

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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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Endava exec talks super apps, Paze and embedded payments

Payments Dive

The consulting firm’s global marketing head explained in an interview why a bank-backed digital wallet won’t be “the PayPal killer” and why the U.S. hasn’t seen a super app for payments.

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Top 15 Fintech Events in APAC to Attend in 2024

Fintech News

Despite slumping funding activity, Asia-Pacific (APAC)’s fintech industry has remained vibrant in 2023, witnessing growing interest in leveraging artificial intelligence, tapping into logistics and supply chain finance opportunities, and exploring green and environmental, social and governance (ESG)-focused fintech innovations, a 2023 report by consultancy KPMG says.

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India widens regulatory grip over tech firms

TechCrunch Fintech

In 2023, India introduced a series of regulations and tweaked policies that borrowed from Europe’s antitrust approach and Chinese-style government surveillance, alarming executives and investors in the world’s most populous market. Additional regulations are on the horizon in 2024 as New Delhi continues a regulatory shift to more tightly govern the tech sector.

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What 2024 could mean for the cash industry

Finextra

The outlook for the cash industry in 2024 is a complex tapestry woven with threads of decline, resil.

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Dubai Duty Free leverages Alipay+ solutions

Fintech Finance

Dubai Duty Free, one of the world’s largest travel retail operators, today announced its partnership with Alipay+ to power a seamless travel and checkout experience for international visitors. Consumers from South Korea, Singapore, the Philippines, Thailand, Mongolia, Italy as well as Chinese mainland, Hong Kong and Macao are now able to access promotions and pay with their home digital apps at duty-free stores at Dubai and Al Maktoum International airports.

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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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ECB to run first cyber resilience stress tests

Finextra

The European Central bank is to run its first thematic stress tests on cyber resilience to determine how well individual banks would respond to and recover from a cyber attack.

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Dubai Duty Free partners with Alipay+

The Paypers

Dubai Duty Free has announced its partnership with Alipay+ in order to leverage its tools for optimising the shopping experience of international visitors.

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How to Implement Self Checkout for Small Business

Stax

With the constant demand for greater efficiency and convenience in the retail experience, it’s not surprising that self-checkouts have entered the mainstream. Once a relatively niche offering, the COVID-19 pandemic saw retailers accelerate the rollout of self-checkout systems, their contactless nature making them a lot more appealing than traditional checkouts for many consumers.

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Selecting a Payment Orchestration Provider: Top Providers for 2024

Basis Theory

What are Payment Orchestration Platforms (POPs)? Payment orchestration providers, also known as payment orchestration platforms (POPs), offer a range of payment and routing services. Choosing the right POP, whether that is a more ‘black box’ experience where they hold the payment gateway relationships, or one that offers a greater depth of flexibility in subscriptions management or treasury and payables management , is based on the needs of the merchant’s business.

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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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The 7 Best Mobile POS Systems for Small Businesses in 2024

Stax

Whether businesses are on the road or staff are simply moving about in-store, mobile point of sale systems (mPOS systems) are becoming an increasingly popular POS option for small businesses. Around since the 2000s, mPOS systems have come a long way from their origin as a glitchy solution used primarily by micro-businesses to process payments. Today, they’re known for their robust services, enhanced security, user-friendly interfaces, and the integration of advanced data analytics.

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Unleashing the power of SaaS

The Payments Association

Software as a service (SaaS) has sparked a paradigm shift in the corporate domain in the past five years, revolutionising pivotal industries like finance, transactions, and insurance.

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CFPB urged to strengthen open banking data protection safeguards

Finextra

The Consumer Financial Protection Bureau's planned new open banking rules do not go far enough to protect consumer data, say two industry groups.

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Arc CEO to be fireside speaker at Bank Automation Summit U.S. 2024

Bank Automation

Don Muir, chief executive of San Francisco-based digital bank Arc, will be featured in a fireside chat at Bank Automation Summit U.S. 2024 on Tuesday, March 19, at 10 a.m. CT, to discuss the digital bank’s strategy to scale with a tech-forward mindset.

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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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Blackstone buys majority stake in Sony Payment Services

Finextra

Japan's Sony Bank has offloaded a majority stake in its payments business to private equity funds managed by Blackstone.

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The Biggest AI Trends for 2024 With IBM, ComplyAdvantage, Airwallex, Protiviti, Vertice and Moneyhub

The Fintech Times

The world of artificial intelligence (AI), particularly generative AI, exploded in 2023 – following the hype and interest in OpenAI ‘s ChatGPT. But as we foray into 2024, what does the future hold for the space? We turn to the experts to find out. Off the back of a year dominated by discussion about AI, it is easy to wonder what trends lie in store for us in 2024.

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Quarter of UK BNPL users charged late fees

Finextra

Nearly a quarter of Brits that have used buy now, pay later services have been charged late payment fees, according to a survey for education charity the Centre for Financial Capability.

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82% of FIs plan to migrate to the cloud in next 5 years

Bank Automation

Eight in 10 financial institutions will migrate at least half their core systems to the cloud starting in 2024 in search of efficient operations, robust tech stacks and quick access to data.

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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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Chase Inks Partnership with Debt Advice Charity StepChange

Finovate

Chase has teamed up with debt advice charity StepChange to build upon its own efforts to support customers with financial challenges. Courtesy of the partnership, Chase specialists will direct vulnerable customers to StepChange for free, confidential, expert advice on debt management. Founded in 1993, StepChange is headquartered in Leeds, U.K. A new partnership between Chase and U.K.

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Transactions: Citi TTS teamed up with third-party tech providers in 2023

Bank Automation

Citi Treasury and Trade Solutions looked to tech providers in 2023 as it enhanced its platform and offerings.

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American Fintech Council Identifies Hurdles in CFPB Open Banking Proposal

The Fintech Times

The American Fintech Council (AFC) has submitted its response to the Consumer Financial Protection Bureau (CFPB) on its open banking proposal. The CFPB proposed a change on personal financial data rights implementing Section 1033 of the Dodd-Frank Act. It has stated that it aims to finalise the rule in 2024, formally establishing consumers’ right to control and securely share their financial data and accelerating open banking in the United States.

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D•One to provide Salad Money with consumer transaction data

Finextra

D•One, the open banking services business from The ClearScore Group, has today announced a new partnership with social purpose lender Salad Money.

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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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5 B2B Digital Payments Trends and Stats to Know in 2024

Paystand

Discover the future of B2B digital payments in 2024 with our insightful exploration of key trends and statistics. Stay ahead of the curve by understanding these trends and positioning your business for success in the digital payments landscape.

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How to Choose the Right Core Banking Solution Provider?

M2P Fintech

Core Banking Solution (CBS) promises a transformative leap for banks. It ensures banking functions are fully digital and compliant with modern banking standards. Challenges in CBS Implementation While modern core banking marked the dawn of a new era in banking excellence, the implementation and integration processes come with their own set of challenges (discussed below).

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Top 10 News Pieces You Missed Over the Holiday Break

Finovate

While many people unplugged from their work computers last week to enjoy holiday festivities, the news in the fintech world didn’t stop moving. As you sift through the backlog of emails, voicemails, and meetings post-vacation, here’s a handy news digest we’ve curated for you. Dive into the latest in fintech news as we unpack the biggest headlines from the past week, making it easier for you to catch up on what you missed. 1 December 18: Salesforce Signs Definitive Agreement to

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