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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Celebrating African-American Voices and Fintech Innovation on the Finovate Stage

Finovate

To kick off Finovate’s commemoration of Black/African-American History Month this year, we’re highlighting some of the Black and African-American fintech professionals who represented their companies and their fintech innovations at our Finovate conferences in 2023. Andre Llewellyn – Marketing Consultant/Advisory Board Member with AI Squared Along with company CTO Michelle Bonat, Andre Llewellyn helped demonstrated the new Generative AI-based features on AI Squared’s plat

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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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Time is Money: Eight Ways You Can Accelerate and Cut the Cost of Cross-Border Payments

The Fintech Times

The intricate web of international transactions, coupled with exorbitant fees and constantly updating regulatory requirements, poses a significant threat to operational efficiency and profitability. Sam Coyne, CMO Europe at Currenxie, has spent a decade in Asia in B2B technology companies in a variety of sectors, and has held regional and global roles.

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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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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.

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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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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.

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Cracking the Code of White-Collar Crime with Sumsub

Fintech News

The battle against financial crime is an ever-evolving challenge requiring expert knowledge, cutting-edge technology, and continuous learning. As white-collar criminals tirelessly innovate their methods to commit financial crimes, the question arises: How can one step ahead in this high-stakes game? The answer might be more intricate than anticipated, but companies like Sumsub are pioneering the movement to outwit these nefarious activities.

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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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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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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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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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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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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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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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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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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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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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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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Split Payment and Card Decline Challenged by Yuno and Hands In Partnership

The Fintech Times

To combat the challenges of card decline rates in the Latin America (LatAm) travel and hospitality sectors, Hands In , a multi-card and group payments firm has partnered with Yuno , a global payment orchestration service provider. The travel, leisure, and hospitality sectors often face high rates of payment failures , mainly because consumers tend to use a single card to cover the total cost of travel and activities, whether purchasing as a group or solo travel.

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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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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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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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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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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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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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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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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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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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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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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.