February, 2023

article thumbnail

Payments firms gear up for new ISO standard

Payments Dive

The Clearing House and other payments players, including Swift, are readying for the March rollout of a international payments standard.

ISOs 205
article thumbnail

9 Effective Growth Hacking Strategies to Skyrocket Your Startup

Agile Payments

9 Effective Growth Hacking Strategies to Skyrocket Your Startup Photo by Campaign Creators on Unsplash Although the term growth has been thrown around a lot, especially in the start-up community, many entrepreneurs still need to be made aware of what growth hacking is and how it works. By using growth hacks, organizations can get started to achieve success.

Product 88
article thumbnail

January Job Stats: Mass Layoffs… and a Hiring Boom?

The Finance Weekly

Mass layoffs, especially in the tech industry, are all over the news. Inflation is still hovering around 40 year highs despite huge interest rate hikes. And according to most surveys and reports, companies have high levels of , recession fears. Based on the news, the economy should be in a serious downturn, but the opposite seems to be true. Employers keep hiring at a record pace and the U.S. , added 1.1 million jobs over the past 3 months alone!

Economy 99
article thumbnail

Meet The 2023 FICO Decisions Awards Winners!

FICO

Home Blog FICO Meet The 2023 FICO Decisions Awards Winners! 15 companies recognized for successful innovation in AI, machine learning and decision management Saxon Shirley Mon, 02/27/2023 - 08:09 by Nikhil Behl expand_less Back To Top Mon, 02/27/2023 - 08:00 2023 FICO Decisions Award Winners - Decisions That Matter It's with great enthusiasm that I reveal the victors of the 2023 FICO® Decisions Awards !

article thumbnail

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

article thumbnail

What Are Real-Time Payments? Everything You Need to Know

Payment Savvy

Real-time payments have revolutionized how we make financial transactions, providing unparalleled speed, convenience, and security. With real-time payments, money can be transferred almost instantly from one person to another, anywhere in the world. This makes it possible for people and businesses to send and receive money at a moment’s notice, without having to wait for traditional payment methods such as bank transfers or cheques to clear.

article thumbnail

Analyzing Sequoia Capital’s investment strategy: How the VC is keeping its faith in fintech

CB Insights

Sequoia Capital is one of the world’s oldest and most accomplished venture capital firms, with its long list of early tech investments-turned-home runs including Airbnb, Apple, Instagram, Square, and WhatsApp. While 2022 was a down year for venture capital at large, Sequoia remained active with over 100 investments. Fintech was Sequoia Capital’s top investment category in 2022, representing nearly a quarter of the firm’s deals. dive deeper into Sequoia’s top 3 fintech Targets Download thi

FinTech 100

More Trending

article thumbnail

HUMBL launches mobile wallet

The Paypers

US-based payments processing fintech HUMBL has launched its mobile wallet feature to provide customers with multiple services and solutions.

FinTech 100
article thumbnail

The Future of Payments: Trends and Technologies to Watch in 2023

Agile Payments

The Future of Payments: Trends and Technologies to Watch in 2023

article thumbnail

FICO Named America's Best Mid-Sized Employer by Forbes Magazine

FICO

Home Blog FICO FICO Named America's Best Mid-Sized Employer by Forbes Magazine FICO recognized by Forbes for the third consecutive year Saxon Shirley Thu, 05/12/2022 - 07:46 by Richard Deal expand_less Back To Top Thu, 02/16/2023 - 20:00 FICO was recently named one of America’s Best Mid-Sized Employers by Forbes Magazine for the third consecutive year — ranking in the top quintile overall and #7 in the IT, Internet, Software & Services Industry segment.

Volume 98
article thumbnail

Green APIs, airline tech disruptions, and banks opening up – February 2023 Digital News Desk

Axway

This month: an API Green Score could promote more sustainable digital transformation and airlines are tackling the tech troubles that caused massive flight cancellations over the Holidays. Plus, banks are opening up with APIs and shifting priorities; Mr.

API 59
article thumbnail

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?

article thumbnail

State of Insurtech 2022 Report

CB Insights

Insurtech investment activity in 2022 pulled back sharply after a record-breaking year in 2021. Annual funding fell 53% from $17.8B to $8.4B, while deals fell 17% from 697 to 579. While a steep fall compared to the previous year, the annual totals for 2022 were not far off those for 2020. However, investment activity has continued to slow. Q4’22 funding only reached $1B​ — the lowest quarterly total since Q2’18 — and deals were down 28% QoQ at just 106.

Checks 73
article thumbnail

FIS plans to spin off merchant unit

Payments Dive

The payments processor plans to spin off its merchant business, which will reclaim its Worldpay name, and appointed its former CEO, Charles Drucker, to lead the unit.

article thumbnail

Accenture acquires cybersecurity company Morphus

The Paypers

Accenture has announced the acquisition of Brazil-based cybersecurity company Morphus looking to expand its practice capabilities in Brazil and Latin America.

article thumbnail

What Does Return Mobile ACH Payment Mean?

Payment Savvy

If you are using the Automated Clearing House (ACH) method to process customers’ transactions, you are likely to see three-digit codes if a problem arises. Whenever there is an issue with a direct debit or credit card transaction, one of the parties involved in the payment processing will send a code. This code is your key to fixing or at least identifying what has blocked the transaction.

ACH 52
article thumbnail

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

article thumbnail

US Card Skimming Grew Nearly 5x in 2022, New FICO Data Shows

FICO

Home Blog FICO US Card Skimming Grew Nearly 5x in 2022, New FICO Data Shows Debit card skimming grew at the unprecedented rate of 368% from 2021 to 2022, but there are steps banks and consumers can take to combat compromised cards Darcy Sullivan Thu, 02/16/2023 - 15:43 by Debbie Cobb Senior Director, Product Management expand_less Back To Top Thu, 02/16/2023 - 15:35 In August of 2022, I explored the radical increase in card skimming for the first half of 2022.

article thumbnail

Data availability and quality: the keys to financial transformation

Axway

There are many motivations for a Finance transformation project, but regardless of the reason, they all require improving data processing. What will it take to help the finance department meet its current challenges?

Finance 59
article thumbnail

State of Blockchain 2022 Report

CB Insights

Global venture funding to blockchain and crypto companies reached a new record of $26.8B in 2022, largely propped up by a strong first half. But as the year progressed, the crypto winter coupled with macroeconomic pressures caused 3 straight quarters of declines in funding and deals. Below, take a look at a few highlights from our 162-page, data-driven State of Blockchain 2022 Report.

article thumbnail

Toast acquires drive-thru tech company

Payments Dive

Adding Delphi Display Systems’ technology helps Toast more broadly serve its quick-service restaurant customers, the company’s executives said.

Acquirers 172
article thumbnail

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.

article thumbnail

Froda, Lunar, Visa partner for SME lending solution

The Paypers

Fintech Froda , digital challenger bank Lunar and Visa have partnered to deliver an SME lending solution to help businesses access financing for their growth initiatives.

Finance 73
article thumbnail

The Three Stages of Building a Strong Finance Function for Your Startup

The Finance Weekly

In 2021, there were roughly 5.4 million new businesses established in the US and over 800,000 in the UK. However, based on historical trends, it's expected that by the end of 2022, nearly 1.2 million (or almost 20%) of these businesses will have ceased operations and by the end of 2025, over half of the new businesses created in 2021 will likely have disappeared.

Finance 52
article thumbnail

Canada Bankcard Industry Benchmarking Trends: Q4 2022 Update

FICO

Home Blog FICO Canada Bankcard Industry Benchmarking Trends: Q4 2022 Update Ready for a recession? An insider look at bankcard and consumer trends in Canada FICO Admin Tue, 07/02/2019 - 05:19 by Amir Sikander expand_less Back To Top Tue, 02/21/2023 - 16:00 Recession talks have increased over the last few months. Canadian consumers are being hit with the rising cost of goods and borrowing.

article thumbnail

Speaking the customer’s language of love: why the best relationships lead to great customer outcomes  

Axway

As Valentine’s Day approaches, I have love on my mind. Not the romantic kind – rather, I ’ve been thinking about Fred Reichheld’s latest book, “ Winning on Purpose: the Unbeatable Strategy of Loving Customers.

59
article thumbnail

Secrets of a Successful Sale: Optimizing Your Checkout Process

Speaker: David Nisbet, Everett Zufelt, and Michaela Weber

Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.

article thumbnail

68 companies transforming insurtech in the Middle East and North Africa

CB Insights

Insurtech is gaining traction in the Middle East and North Africa (MENA) region. Due to varying regulatory environments, insurance is a largely localized business — providing an opportunity for homegrown insurtech startups to compete in the MENA markets. Investors have taken note. In 2022, the region saw $417M in funding across 21 deals. This was lower than 2021 — which saw a record $545M invested across 30 deals — but the decline was much less stark than funding to the overall

article thumbnail

CFPB attacks credit card late fees

Payments Dive

The Consumer Financial Protection Bureau proposed a new rule that would effectively cap credit card late fees and potentially save Americans $9 billion.

article thumbnail

Imperva research: cyberattacks target the FSI industry

The Paypers

Digital security company Imperva has released research that shows cyberattacks targeting the financial services and insurance (FSI) industry to have grown over the course of 2022.

article thumbnail

UK reaches 7 million Open Banking users milestone

Open Banking

Combined CMA9 data shows 7 million consumers and SMEs used Open Banking services during January. Open Banking is benefiting millions of UK citizens with innovative financial management and payment tools. With key recommendations about the future of Open Banking imminent, OBL Chair & Trustee calls on the whole ecosystem to keep up momentum and encourage continued user adoption.

article thumbnail

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.

article thumbnail

US Bankcards Industry Benchmarking Trends: 2022 Q4 Update

FICO

Home Blog FICO US Bankcards Industry Benchmarking Trends: 2022 Q4 Update Bankcard delinquencies continue to rise, higher losses are coming in 2023 FICO Admin Tue, 07/02/2019 - 04:56 by Leanne Marshall expand_less Back To Top Tue, 02/21/2023 - 16:00 FICO releases quarterly US Bankcard Industry Benchmarking trends, to catch up on the last quarter click here.

article thumbnail

Deadline extended for Axway Excellence Awards 2023

Axway

We’re looking forward to meeting the candidates of the first-ever Axway Excellence Awards, and the good news is you have a little extra time now: we’ve just extended the deadline to February 28th.

59
article thumbnail

Market Trend Report: Crypto market data & intelligence for institutional investors & traders

CB Insights

What is crypto market data & intelligence? Crypto market data & intelligence companies provide blockchain data and analytics platforms for institutional investors and traders. Clients can track crypto portfolios, tokens, protocols, and exchanges to inform their strategies. They do this through real-time dashboards, APIs, research reports, and risk management tools.

article thumbnail

Credit card debt surpasses pre-pandemic levels: Fed

Payments Dive

Despite a pause in payments required for federal student loans, younger borrowers particularly are showing higher credit card delinquencies.

article thumbnail

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.