Tue.Feb 06, 2024

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AI and Payments: Exploring Pitfalls and Potential Security Risks

PCI Security Standards

With the rapid rise in popularity of AI services like ChatGPT, Dall-E, and GitHub Copilot, many people are looking at ways they can leverage the new abilities of these systems to improve their existing businesses.

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Fiserv lands Uber, eBay as debit network clients

Payments Dive

The payment processing giant has signed more than a dozen large e-commerce clients following the Federal Reserve’s clarification of the debit routing rule.

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NovoPayment Takes Next Step in Mexico With Mastercard Certification

The Fintech Times

Paytech, NovoPayment has received a Mastercard certification, as part of the Mastercard Network Enablement Partner programme, to switch and process Mastercard transactions in Mexico. The Network Enablement Partner (NEP) programme is a Mastercard initiative that enables service providers — the vendors of Mastercard-licensed issuers and acquirers who typically have a fully indirect relationship with Mastercard — to play a pivotal role in expediting product innovation.

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SUMA Wealth grabs $2.2M as its financial platforms reach 1M users

TechCrunch Fintech

SUMA Wealth’s platforms have seen 62% annual user growth, while revenue increased nearly five times in the past year. © 2024 TechCrunch. All rights reserved. For personal use only.

FinTech 96
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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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Transport Ministry Says Expansion of SimplyGo System to Include Motoring Payments

Fintech News

Transport Minister Chee Hong Tat unveiled plans to expand the functionality of the SimplyGo account-based ticketing system to encompass motoring payments, in addition to its current applications in public transport and retail sectors. During a Parliamentary session on February 5th, Mr. Chee expressed the government’s ambition to elevate SimplyGo stored-value cards to the versatility of the older EZ-Link cards , which already facilitate payments across public transport, motoring, and retail

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USDA offers online payment tool for farm loan borrowers

Payments Dive

The new online option will give farmers and ranchers an alternative to making payments by phone, mail or visits to a USDA office.

More Trending

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Kevin. launches innovative payment technology in the Middle East with new Dubai office

Fintech Finance

kevin. , a trailblazing technology company revolutionizing the payments industry, proudly announces the opening of its new office in Dubai, marking a significant milestone in its global expansion. This strategic move into the Middle East, starting with the United Arab Emirates, aligns with kevin.’s mission to transform the payment landscape by offering cutting-edge digital alternatives to conventional card-based systems allowing consumers a pay-by-bank service.

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Fiserv payments revenue up 3% to $1.8B

Bank Automation

Fiserv saw an increase in payments revenue during the fourth quarter as its financial institution clients looked to join new payment rails and grow deposits. Payments revenue during Q4 increased 3% year over year to $1.8 billion, according to Fiserv’s earnings supplement.

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Fleet fintech ditches Visa for Mastercard

Payments Dive

Fuel card startup AtoB, with $112 million in financial backing, plans to take on dominant fleet service rivals Wex and Fleetcor.

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Navigating the Evolving Landscape of AI in Loan Technology

Bank Automation

In Informed’s 2023 loan technology survey, a noteworthy 68% of organizations reported harnessing the power of artificial intelligence (AI) in loan processing and funding. (This year’s report isn’t yet out, but spoiler alert – this number rose to 76%) The statistic underscores a significant shift in the industry towards embracing cutting-edge technology.

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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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Citi taps ChargeAfter for POS instalment loan product

Finextra

Citi Retail Services has picked technology from embedded lending platform ChargeAfter to power its products that let merchants offer credit and instalment loans at the point of sale.

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Lockbox Services: How It Works, Cost, & Risks | Paystand

Paystand

For a long time, bank lockbox services have helped treasury and finance teams manage their receivables. These services help with processing checks and other payments sent by mail. But now, there are a number of options for lockbox services in the internet age.

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FinovateEurope 2024 Sneak Peek Series: Part 3

Finovate

A look at the companies demoing at FinovateEurope in London on February 27. Register today using this link and save 20%. Centi Centi introduces a revolutionary digital finance platform, enabling seamless cash-to-digital-currency conversion and micropayments for unbanked people. Features Delivers efficient, low-value micropayment processing for everyone Offers simple sign up for easy access, including unbanked individuals Provides advanced, scalable infrastructure that supports global transaction

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UBS to complete Credit Suisse integration by 2026

Bank Automation

UBS continues to integrate Credit Suisse into its operations, dealing with high general and administrative costs related to the acquisition.

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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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NextGen Nordics 2024: Payments is ready for a refresh

Finextra

Finextra is heading back to Stockholm to delve into the most important topics in the Nordic banking world in our NextGen Nordics 2024 conference on the 23rd of April.

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UXLink Telegram Integration and OKX Wallet Partnership Aim to Make Web3 More Accessible

The Fintech Times

UXLink , a real Web3 social hub and live social infrastructure-focused firm, has officially introduced a range of new features to support the management of Web3 assets. Through this move, the company hopes to provide up to 2.5 million users with a more unified and convenient platform for analysing and managing their Web3 assets. The UXLink feature launch comes alongside the integration of various multi-chain wallets, as it ultimately looks to improve user experience.

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Atlantic Money set for launch in North America and Australia

Finextra

UK fintech, Atlantic Money is set to offer its fixed-fee money transfers across additional major markets in the United States, Canada and Australia.

FinTech 72
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Nepal Clearing House Taps ACI Worldwide to Pioneer Card Payment Central Infrastructure

Fintech Finance

ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, today announced that Nepal Clearing House (NCHL), a public limited company under the leadership and guidance of Nepal Rastra Bank (NRB, The Central Bank of Nepal), has chosen the award-winning ACI Enterprise Payments Platform for the establishment and operation of National Payment Switch (NPS) that includes interoperability of card-based transactions (NPS National Card Switch or NPS-NCS) and the rollo

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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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Time for the ‘Next Wave of Fintech’? KPMG Optimistic Despite UK’s Lowest Investment Since 2020

The Fintech Times

UK fintech investment dropped to $12.3billion in 2023, significantly down by 34 per cent compared to $18.7billion invested in 2022; according to KPMG in its latest bi-annual ‘Pulse of Fintech’ investment report. Geopolitical and macroeconomic uncertainty caused by conflicts in Ukraine and the Middle East, a high-interest rate environment, and tight liquidity across regions saw fintech investors holding onto their cash throughout much of 2023.

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Liberis Teams Up with Identity Risk Management Company Alloy

Finovate

Embedded finance platform Liberis announced a partnership with identity risk management innovator Alloy. The partnership will enable Liberis to leverage Alloy’s platform to add automated compliance verifications to the funding application process. Alloy made its Finovate debut at our developers conference, FinDEVrSilicon Valley 2016. Embedded finance platform Liberis has teamed up with identity risk management innovator Alloy.

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Is Your Vendor File a Backdoor to Fraud?

Paymerang

Outdated vendor information might not seem like a big deal, but it can leave you open to fraud and financial headaches. Just like having outdated information in your online accounts can be risky, incomplete or inaccurate vendor data can create vulnerabilities in your financial systems.

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This Week in Fintech: TFT Bi-Weekly News Roundup 06/02

The Fintech Times

The Fintech Times Bi-Weekly News Roundup on Tuesday 6 February 2024 brings you the latest updates from the global fintech industry. Appointments Team8, a global company-building and venture group, adds a new member to its fintech advisory board – Judd Caplain , the former global head of financial services at KPMG. Caplain will provide a specialised toolkit for Team8’s portfolio companies and foundry leadership, in addition to working closely and mentoring Team8’s early-stage founders as they bu

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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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The Data is Clear: The Durbin-Marshall Credit Card Bill Will Harm Consumers

Electronic Payments Coalition

When Congress enforced price caps and routing mandates on debit cards almost 15 years ago, it was touted as a measure to save consumers billions through lower prices. However, subsequent independent and government reports have unequivocally shown that consumers have not benefited financially, while corporate giants, like Walmart and Target, have reaped billions in additional revenue.

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Fyle integrates with AmEx

Finextra

Fyle, an expense management platform that works with customers’ existing credit cards, today announced a new integration with American Express to offer U.S. Business and Corporate Card Members the ability to issue on-demand virtual Cards via the Fyle platform, with built-in controls, and enhanced security.

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In Profile: Joseph Twigg, CEO of Aveni

The Fintech Times

The power and potential of artificial intelligence (AI) is no secret. However, for many financial service providers, it can be difficult, or too costly to implement the technology to maximise its effectiveness. One firm looking to ease these issues is Aveni. Joseph Twigg is the CEO at Aveni, the Edinburgh-based regtech firm specialising in AI-driven risk assurance solutions.

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KYP partners with NeoGames

The Paypers

Know Your Partner (KYP) has collaborated with NeoGames , becoming the latter’s real-time data orchestration and risk monitoring platform.

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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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In Conversation With Katharine Adlard, Director at PwC

The Fintech Times

Katharine Adlard, director at PwC and leader of the PwC financial services tax team in the West & Wales, has worked with businesses in the financial services (FS) sector for more than 18 years. In this Q&A, Matt Hyde, managing director at Fintech Awards South West , chats to Adlard to learn more about working in the fintech industry and supporting financial services businesses.

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Crypto payments app Oobit Raises USD 25 mln in Series A funding

The Paypers

Singapore-based cryptocurrency payments app Oobit has raised USD 25 million in Series A funding round led by Tether.

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Allica Bank Celebrates £2Billion Lending Milestone as Big Banks Continue to Neglect SMEs

The Fintech Times

Allica Bank , the fintech challenger bank focused on established businesses with over ten employees, has completed more than £2billion in lending to UK businesses, with 80 per cent of that being to businesses outside of London. Having only made its first loan shortly prior to the covid lockdown in March 2020, Allica Bank has revealed that over 40 per cent of its total lending, totalling around £820million, was achieved in 2023 alone.

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Podcast: FIs invest in digital experiences, AI and data

Bank Automation

Financial institutions are looking to technology providers to keep up with digital capabilities requested by clients.

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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.