March, 2024

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Protecting Customer Data: Key Principles Every Company Should Know

VISTA InfoSec

In the digital age, protecting customer data is a cornerstone of trust and reliability between a company and its consumers. As cyber threats loom larger and data breaches become more frequent, safeguarding sensitive information cannot be ignored. Companies that excel in data protection comply with stringent regulations and gain a competitive edge by building solid relationships with their customers.

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PCI DSS v4: What’s New with Self-Assessment Questionnaires

PCI Security Standards

With the upcoming retirement of PCI DSS v3.2.1 on 31 March 2024 , organizations will be transitioning to new validation documents for their PCI DSS v4 assessments. In this Q&A with PCI Security Standards Council’s Director of Data Security Standards Lauren Holloway, we look at some of the key changes in the PCI DSS Self-Assessment Questionnaires (SAQs) for version 4 and what organizations using SAQs need to know.

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How to maximize agility and automation with rules-based payment processing

Payments Next

By Michael Meeks, CTO of BHMIThe payments industry is changing so rapidly that many payment processing companies are struggling to keep pace. The post How to maximize agility and automation with rules-based payment processing first appeared on Payments NEXT.

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Banking apps fall short on fraud protections: report

Payments Dive

Consumer Reports Senior Director Delicia Hand said preventing fraud and scams is "crucial" for traditional and digital banks alike, as more of their customers use their mobile apps.

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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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Teranode Realises the Potential of Blockchain Technology

The Fintech Times

Blockchain, heralded for its potential to transform industries, is currently undergoing a divergence from its original vision, marked by a prioritisation of speculative interests over core principles like scalability and decentralisation. Calvin Ayre, venture capitalist and founder of Ayre Group, a global enterprise supporting real estate projects, businesses, and technologies, shares insights centred on the BSV Blockchain’s Teranode scaling solution.

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EU banks worried about 'unrealistic' instant payment deadlines

Finextra

A third of EU banks do not currently offer an instant payments service and the majority have been discouraged by the January 2025 deadline, according to recently published research.

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Robinhood’s new credit card goes after Apple Card with ability to invest cash-back perks

TechCrunch Fintech

Eight months after acquiring credit card startup X1 for $95 million, Robinhood announced today the launch of its new Gold Card, with a list of features that could even give Apple Card users envy. Robinhood, better known for its brokerage app aimed at the everyday investor, is touting all sorts of benefits with its new […] © 2024 TechCrunch. All rights reserved.

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A List of Digital Banks in Asia

Fintech News

Are digital first banks in Asia poised to lead a disruptive charge against well-entrenched, established commercial banks? In the traditional banking sphere globally, but especially true in Asia, there is a considerable proportion of unbanked and underbanked populations who lack complete or any access to banking services. This is particularly prevalent in developing markets, while in more mature markets, commercial banks often fall short in delivering a personalised and streamlined digital experi

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Visa spends ‘billions’ battling cybersecurity threats

Payments Dive

“We are all in an arms race to protect this ecosystem, to protect the network,” Visa CEO Ryan McInerney said at an investor conference last week.

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Despite a Desire for Generative AI, Less Than 1 in 10 Banks Have Established a Viable Roadmap

The Fintech Times

Artificial intelligence (AI) has become one of the hottest topics in fintech, resulting in many organisations looking to get involved in the space. However, research from Capgemini , the tech consulting and information firm, found only six per cent of retail banks have established an enterprise-wide roadmap for the use of generative AI (gen AI) capabilities at scale.

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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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Digital wallets play key role in US lawsuit against Apple

Finextra

The US has filed a lawsuit against Apple, accusing the firm of monopolising the smartphone market through a host of actions, including the blocking of third-party apps from offering contactless payments.

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KeyBank 2-3 years from gen AI features for customers

Bank Automation

Both KeyBank and PNC Bank are exercising caution in how they roll out generative AI to their customers. The models need to be refined for accuracy before consumers can be the “prompters,” or questioners, for gen AI-driven features, Dominic Cugini, chief transformation officer at $185 billion KeyBank, said at Bank Automation Summit U.S.

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Nsave gets $4M to enable people from unstable economies open offshore accounts

TechCrunch Fintech

Nsave, a fintech based in Geneva making banking in Switzerland accessible to people in countries at war or those with unstable banking sectors or facing high inflation, has raised $4 million seed funding. The round was co-led by Sequoia Capital and TQ Ventures with participation from Y Combinator, SV Angel and FONGIT: the State of […] © 2024 TechCrunch.

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Singapore Users Can Now Top up GrabPay Wallet Using Stablecoins

Fintech News

Southeast Asian ride-hailing super app Grab has teamed up with licensed crypto payments provider Triple-A to introduce a feature that allows its users to top up their GrabPay Wallets using Digital Payment Tokens. This initiative aims to offer users more convenience by enabling the conversion of digital currencies, like stablecoins, into spendable funds within their GrabPay Wallets.

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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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Digital wallets to overtake debit cards in stores: report

Payments Dive

Having already dominated e-commerce transactions, digital wallets are projected to overtake at least one traditional form of payment in stores, according a Thursday report by Worldpay.

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There’s No Excuse for Lazy Customer Due Diligence Anymore, Says Trapets

The Fintech Times

Compliance remains one of the biggest challenges in the financial industry for firms of all sizes across the globe. With rules and regulations constantly changing, many banks and other financial institutions are falling victim to not keeping up. The regulatory minefield can be too much to contend with, particularly for new firms entering the space for the first time.

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JPMorgan plans major roll out of biometric payments

Finextra

JPMorgan Chase is planning a broad roll out of biometric payments with US retailers by early next year, enabling shoppers to make purchases by scanning their palms or faces.

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Now is the time to reimagine wealth management

Bank Automation

The Music is Starting to Stop Recent years have been extremely lucrative for wealth advisors; both the independents and full-freight firms. Low cost of capital, booming public markets, and a growing desire to diversify into new products are all ways wealth management firms can grow AUM and, as a result, grid payouts.

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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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‘Banking-as-a-Service’ startup Griffin raises $24M as it attains full banking license

TechCrunch Fintech

Founded by former Silicon Valley engineers, UK-based Griffin Bank, has now raised $24 million (£19 million) in a fresh, extended Series A, funding round. © 2024 TechCrunch. All rights reserved. For personal use only.

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New Nacha Rules Take Aim at Credit-Push Fraud

NACHA

HERNDON, Virginia, March 18, 2024 – Nacha members have approved a set of rules intended to reduce the incidence of frauds, such as business email compromise (BEC), that make use of credit-push payments. The new rules establish a base-level of ACH payment monitoring on all parties in the ACH Network (except consumers). While the new rules do not shift the liability for ACH payments, for the first time receiving financial institutions (RDFIs) will have a defined role in monitoring the ACH payments

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Visa, Mastercard reach landmark credit card settlement

Payments Dive

The two biggest U.S. card networks agreed to cap interchange fees for five years, among other terms, to settle merchant litigation that has lasted nearly two decades.

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A Guide to Meeting with the National Association of Convenience Stores (NACS) This Week

Electronic Payments Coalition

This week, as you meet with representatives and members from NACS, the association for convenience and fuel retailing industry, you will likely hear certain arguments about credit card interchange and the Durbin-Marshall Credit Card Bill. Below are fact-checks that set the record straight about the harm caused by credit card routing mandates. The post A Guide to Meeting with the National Association of Convenience Stores (NACS) This Week appeared first on Electronic Payments Coalition.

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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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Swift hails results of CBDC connector testing

Finextra

Swift says a new round of sandbox testing has found that its central bank digital currency interlinking technology can enable financial institutions to carry out a wide range of transactions using CBDCs and other forms of digital tokens, easily incorporating them into their business practices.

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ZaloPay and CIMB Bank Roll out Fixed Deposit Offering to Simplify Savings

Fintech News

Vietnamese e-wallet ZaloPay and CIMB Bank , a highly regarded bank in Southeast Asia, recognising the challenges posed by the global economic downturn, have partnered to offer a new fixed deposit product in Vietnam amidst significant labour market issues. The unemployment rate for young adults aged 15-24 is at a high of 7.62%, compared to the overall average of 2.28%, and labourers’ wages have stagnated at around VND 7.1 million (approximately US$ 280).

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Non-sexy industries can appeal to investors too

TechCrunch Fintech

Welcome to TechCrunch Fintech (formerly The Interchange)! This week, we’re looking at some hot fintech startups in Africa, how Mint’s closure has been Copilot’s gain and why VCs have doubled down on a particular expense management startup. To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Sunday […] © 2024 TechCrunch.

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Tap to Pay on iPhone Now Available for Venmo and PayPal Zettle Businesses in the U.S.

PayPal

Tap to Pay enables businesses to accept contactless card and digital wallet payments directly on their iPhones with no additional cost or hardware.

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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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Meta’s payment plays may pay off this year: report

Payments Dive

A partnership between tech giants Meta and Amazon “could represent the tipping point of transforming social media into a transaction platform,” Mizuho Securities analysts said in a report this week.

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5 Essential Tools for Invoice Payment Processing

BlueSnap

Effective invoice payment processing is crucial for your business’s financial stability and healthy cash flow, yet so many companies still grapple with delayed payments, inefficient processes and the risk of funds stalling in collections. The post 5 Essential Tools for Invoice Payment Processing appeared first on BlueSnap.

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UK set for soaring digital wallet adoption

Finextra

The UK is approaching a seismic shift in how people pay, with digital wallets set to comprise half of all e-commerce spend and nearly a third of POS transaction value by 2027, according to a report from Worldpay.

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Ethiopian Remittances Market Bolstered Under New M-PESA Safaricom and Onafriq Partnership

The Fintech Times

Looking to make financial services more accessible, M-PESA Safaricom has signed an International Money Transfer Agreement with Onafriq , the African digital payments network, to enable Ethiopian users to receive remittances from different parts of the world through M-PESA. Individuals do not need a bank account, something which has historically been challenging for some to acquire in Ethiopia, to send remittances.

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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.