November, 2023

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Just Published: PCI DSS v4.x Targeted Risk Analysis Guidance

PCI Security Standards

Risk analysis is a foundational tool to help organizations identify and prioritize potential threats and vulnerabilities within their environment. PCI DSS v4.0 introduced the concept of targeted risk analysis (TRA) with two different types of TRAs to provide entities with the flexibility to evaluate risk and determine the security impact of specific requirement controls, as appropriate for their environment.

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Block to shrink workforce

Payments Dive

The company plans to cut about 8% of its workforce over the next year as Jack Dorsey steps up his efforts to improve efficiency and revive profits.

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Accelerating the Growth and Adoption of Digital ID With Lloyds Bank

Open Banking Excellence

The Digital ID market is new, exciting and potentially a major growth opportunity in the UK. Lloyds Bank recently joined this emerging space by releasing a new Digital ID app with Yoti – Lloyds Bank Smart ID. The app gives people a more private, secure and convenient way to prove their age or identity from their phone. It allows people to share specific information with businesses who request it – such as name, date of birth or an ‘over 18’ proof of age – without having to show physical id

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How to Choose Right PCI SAQ for Your Business

VISTA InfoSec

In the world of digital transactions, businesses handling payment cards must demonstrate their data security measures through the Payment Card Industry Self-Assessment Questionnaire (PCI SAQ). Completing the SAQ is a key step in the PCI DSS assessment process, followed by an Attestation of Compliance (AoC) to confirm accuracy. Level 1 merchants and service providers, mandated by PCI SSC or customers, must complete a Report on Compliance (RoC), while others use an SAQ.

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The Evolving Retailers Fulfillment Strategy: Meeting Demands with Agility

Speaker: Becky Parisotto

Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever

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Swift connects instant payment systems to bring 24/7 processing across borders

Finextra

Swift has connected domestic payment schemes across Europe to provide full transparency and end-to-end tracking for instant cross-border transfers destined for the EU.

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More Trending

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Spotlight On: Soft Space, a New Principal Participating Organization

PCI Security Standards

Welcome Soft Space, a new Principal Participating Organization (PPO) at the PCI Security Standards Council! In this special spotlight edition of our PCI Perspectives Blog, Soft Space Chief Technology Officer Nicholas Lim introduces us to his company and how they are helping to shape the future of payment security.

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Shift4 CEO entertains acquisition interest

Payments Dive

CEO Jared Isaacman said the payment processing company is fielding acquisition interest from “several parties.

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Evolution or Revolution? Preparing For The PSD3

Open Banking Excellence

It has been almost six years since the Second Payment Services Directive (PSD2) came into force and laid the foundations for Open Banking in the EU and UK. Now Europe is preparing for the introduction of a sequel to this game-changing regulation: the PSD3. However, this time the latest Payment Services Directive is accompanied by the Payment Services Regulation (PSR).

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Strengthening Cyber Defenses with Multi-Factor Authentication

VISTA InfoSec

The need for robust cyber defenses has never been more prevalent. We live in a world where remote access to data is the norm, opening up additional vulnerabilities when protecting digital assets. Additionally, organizations need to comply with data privacy requirements including understanding Digital Personal Data Protection. Mutli-Factor Authentication (MFA) isn’t a new concept.

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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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Streamlining Loan Approvals with Automated Credit Underwriting Software

Finezza

Recently, the RBI’s June Financial Stability Report revealed that retail loans in the Indian banking sector experienced an impressive compounded annual growth rate (CAGR) of 24.8% between March 2021 and 2023. A pivotal reason for this growth is the ongoing transformation of the traditional and time-consuming manual loan approval process, driven by the adoption of automated […] The post Streamlining Loan Approvals with Automated Credit Underwriting Software appeared first on Finezza B

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Wind.app makes DeFi accessible to the average consumer

TechCrunch Fintech

Hussain Elius is best known as the co-founder of Pathao, one of Bangladesh’s top ride-sharing apps. For his latest startup, however, Elius is exploring the world of DeFi with Wind.app, a self-custodial, smart contract wallet with three main features. The first is enabling businesses to send payments to remote employees around the world. The second […] © 2023 TechCrunch.

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Spotlight On: Cartes Bancaires, a New Principal Participating Organization

PCI Security Standards

Welcome Cartes Bancaires, a new Principal Participating Organization (PPO) at the PCI Security Standards Council! In this special spotlight edition of our PCI Perspectives Blog, Cartes Bancaires’ Executive Vice President, Projects & Expertise Division Pierre Chassigneux introduces us to his company and how they are helping to shape the future of payment security.

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PayPal tackles chargeback fraud

Payments Dive

PayPal is attacking illegitimate customer returns with new policies after a rise in e-commerce activity has fueled that type of fraud across the industry.

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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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NatWest’s Proposal To Unlock the “Unmet” Potential of Open Banking

Open Banking Excellence

Guidance on incentives, expansions to the mandate and multi-party schemes from Stephen Wright, Head of Regulation and Standards, Bank of APIs, NatWest Group. The UK has not yet unlocked the true potential of Open Banking, even though we have made tremendous progress. Since Open Banking launched in January 2018, seven million consumers and businesses have used it.

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How to Switch PSPs without Re-accepting Credit Cards

Basis Theory

Merchants, especially online, have no choice but to contract with at least one payment service provider ( PSP ) to ensure they can execute transactions with credit cards and other payment methods. That said, simply continuing with a single PSP is no more logical than sticking with the same provider of any service forever: from time to time, any business must consider whether there are superior alternatives available.

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Subscription alchemy: How to build lasting customer loyalty 

Chargebee

Customer loyalty is like gold dust in today’s volatile economic landscape. With inflation reaching decades-high levels, customers are adjusting their buying habits and have no qualms about switching to more cost-effective brands to get the deals and benefits that matter to them. Price isn’t the only deciding factor for consumers. What makes a brand’s relationship with customers really unique is the ongoing value exchange.

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Why last week felt like 2021 in fintech

TechCrunch Fintech

Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your inbox every Sunday, head here to sign up! Last week, we chronicled some big rounds in the fintech space, Intuit’s decision to shutter Mint and what that means […] © 2023 TechCrunch.

FinTech 101
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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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Nominate Now for the 2024-2025 Brazil Regional Engagement Board

PCI Security Standards

From 1-17 November 2023, the PCI Security Standards Council (PCI SSC) is accepting nominations from companies to serve on the 2024-2025 PCI SSC Brazil Regional Engagement Board.

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Treasury Prime creates instant payment rail

Payments Dive

The new payment rail allows fintech clients to move money between banks in milliseconds, the software company’s CEO said in an interview.

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Myth or Reality? Unlocking Bank ID in the UK

Open Banking Excellence

Many people in the UK are opposed to a government-issued ID. In some sections of society there is still an innate aversion to the idea of government having a deeper sight of citizen transactions. This creates an opportunity for the financial services sector. Banks are in a very good position to play the role of the trusted party in an identity scheme.

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How to Reduce Involuntary Churn

Basis Theory

In any subscription business, there is inevitably churn - subscribers who end their contract and move on. There is, however, a difference between those who choose to end their relationship (voluntary churn) from those who stumble into it (involuntary churn). The involuntary churn demographic generally slip out of the merchant’s grasp for maddeningly simple reasons - often a problem with payment, like an expired card, an exceeded card maximum, or hard declines following fraud attempts on a card t

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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.

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How Consumer Brands Can Boost Revenue with Membership Programs

Chargebee

In today’s digital marketplaces, consumers are spoiled for choice. With just a click, they can browse a plethora of options, making brand loyalty seem like a relic of the past. Yet, as brands battle for attention in this hyper-competitive landscape, the key to standing out lies not solely in attracting new customers but in nurturing existing ones. Enter the era of membership and loyalty programs — dynamic engines of retention and revenue.

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Yieldstreet to acquire real estate investment platform Cadre

TechCrunch Fintech

Alternative investment platform Yieldstreet announced today that it has agreed to acquire Cadre, an online real-estate-focused investment platform aimed at institutional and high net worth investors. Financial terms of the deal were not disclosed. Founded in 2015, Yieldstreet gives people a way to invest in areas like real estate, marine/shipping, legal finance, commercial loans and […] © 2023 TechCrunch.

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Coffee with the Council Podcast: EMVCo and PCI SSC Present: A Discussion on Mobile Payments

PCI Security Standards

Welcome to this episode of Coffee with the Council. I'm Alicia Malone, Senior Manager of Public Relations at the PCI Security Standards Council. Today I'm joined by my co-host for the day, Director of Communications, Simon Kleine, at EMVCo. And we're having a conversation with Arman Aygen, Director of Technology at EMVCo, and PCI Security Standard Council's VP of Solution Standards, Andrew Jamieson.

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Stripe, Alaska Airlines to offer in-flight contactless payments

Payments Dive

Payments company Stripe said it’s the first time that an airline will use Apple’s contactless payments feature across an entire fleet.

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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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U.S. Travel Association Warns Congress of Durbin-Marshall Bill’s Devastating Impact on Travel Industry

Electronic Payments Coalition

The post U.S. Travel Association Warns Congress of Durbin-Marshall Bill’s Devastating Impact on Travel Industry appeared first on Electronic Payments Coalition.

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How to Choose the Right Pipeline Management Tools for Tech-Savvy Sales Managers

Nanonets

Introduction Hey Sam! Ever felt like you're juggling too many balls in the air, trying to keep that sales pipeline flowing without a spill? In the ever-evolving world of sales, where targets loom large and time is of the essence, it's crucial to have the right quiver of tools at your disposal. But here’s the deal—finding the best sales pipeline management tools isn't just about staying ahead; it's about revolutionizing your approach.

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Ripple becomes technology partner of National Bank of Georgia

The Paypers

US-based crypto solutions company Ripple has become the technology partner for National Bank of Georgia ’s (NBG) digital GEL pilot project.